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$ 43.3 million in 2011 compared to $ 34.1 million in 2010 .the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively .the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively .these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years .gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : .
[['', '2012', '2011', '2010'], ['net sales', '$ 156508', '$ 108249', '$ 65225'], ['cost of sales', '87846', '64431', '39541'], ['gross margin', '$ 68662', '$ 43818', '$ 25684'], ['gross margin percentage', '43.9% ( 43.9 % )', '40.5% ( 40.5 % )', '39.4% ( 39.4 % )']]
the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 .this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales .the increase in gross margin was partially offset by the impact of a stronger u.s .dollar .the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 .the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales .additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s .dollar ; partially offset by lower commodity costs .the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 .this year-over-year increase in gross margin was largely driven by lower commodity and other product costs .the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 .expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases .future strengthening of the u.s .dollar could further negatively impact gross margin .the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph .in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins .in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins .gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products .due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
|
what was the percentage change in net sales from 2011 to 2012?
|
45%
|
{
"answer": "45%",
"decimal": 0.45,
"type": "percentage"
}
| |
23t .rowe price group | annual report 2013 contractual obligations the following table presents a summary of our future obligations ( in millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2013 .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 2014 and future years .the information also excludes the $ 4.8 million of uncertain tax positions discussed in note 8 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', '2014', '2015-16', '2017-18', 'later'], ['noncancelable operating leases', '$ 124', '$ 32', '$ 57', '$ 25', '$ 10'], ['other purchase commitments', '149', '108', '34', '7', '2014'], ['total', '$ 273', '$ 140', '$ 91', '$ 32', '$ 10']]
we also have outstanding commitments to fund additional contributions to investment partnerships totaling $ 40.7 million at december 31 , 2013 .the vast majority of these additional contributions will be made to investment partnerships in which we have an existing investment .in addition to such amounts , a percentage of prior distributions may be called under certain circumstances .in january 2014 , we renewed and extended our operating lease at our corporate headquarters in baltimore , maryland through 2027 .this lease agreement increases the above disclosed total noncancelable operating lease commitments by an additional $ 133.0 million , the vast majority of which will be paid after 2018 .critical accounting policies 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 consolidated balance sheets , the revenues and expenses in our consolidated statements 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 2013 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 funds as available-for-sale if we are not deemed to a have a controlling financial interest .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 consolidated statements of comprehensive income .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 , we believe a 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 consolidated statements of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible. .
|
what percent of the total future obligations in 2014 are from noncancelable operating leases?
|
45%
|
{
"answer": "45%",
"decimal": 0.45,
"type": "percentage"
}
| |
notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners .one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 .the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
[['', 'september 29 2007', 'september 30 2006', 'september 24 2005'], ['beginning allowance balance', '$ 52', '$ 46', '$ 47'], ['charged to costs and expenses', '12', '17', '8'], ['deductions', '-17 ( 17 )', '-11 ( 11 )', '-9 ( 9 )'], ['ending allowance balance', '$ 47', '$ 52', '$ 46']]
vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these raw material components directly from suppliers .these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively .the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk .foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .the company records all derivatives on the balance sheet at fair value. .
|
what was the percentage change in the allowance for doubtful accounts from 2005 to 2006?
|
13%
|
{
"answer": "13%",
"decimal": 0.13,
"type": "percentage"
}
| |
the graph below compares expeditors international of washington , inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index and the nasdaq industrial transportation index ( nqusb2770t ) .the graph assumes that the value of the investment in our common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on 12/31/2013 and tracks it through 12/31/2018 .total return assumes reinvestment of dividends in each of the indices indicated .comparison of 5-year cumulative total return among expeditors international of washington , inc. , the s&p 500 index and the nasdaq industrial transportation index. .
[['', '12/13', '12/14', '12/15', '12/16', '12/17', '12/18'], ['expeditors international of washington inc .', '$ 100.00', '$ 100.81', '$ 101.92', '$ 119.68', '$ 146.19', '$ 153.88'], ["standard and poor's 500 index", '100.00', '111.39', '110.58', '121.13', '144.65', '135.63'], ['nasdaq industrial transportation ( nqusb2770t )', '100.00', '121.41', '93.55', '120.89', '154.19', '140.25']]
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
|
what is the difference in percentage of cumulative total return between expeditors international of washington inc . and the nasdaq industrial transportation ( nqusb2770t ) for the 5 year period ending 12/18?
|
13.63%
|
{
"answer": "13.63%",
"decimal": 0.1363,
"type": "percentage"
}
| |
the following table sets forth the components of foreign currency translation adjustments for fiscal 2012 , 2011 and 2010 ( in thousands ) : .
[['', '2012', '2011', '2010'], ['beginning balance', '$ 10580', '$ 7632', '$ 10640'], ['foreign currency translation adjustments', '-2225 ( 2225 )', '5156', '-4144 ( 4144 )'], ['income tax effect relating to translation adjustments forundistributed foreign earnings', '1314', '-2208 ( 2208 )', '1136'], ['ending balance', '$ 9669', '$ 10580', '$ 7632']]
stock repurchase program to facilitate our stock repurchase program , designed to return value to our stockholders and minimize dilution from stock issuances , we repurchase shares in the open market and also enter into structured repurchase agreements with third-parties .authorization to repurchase shares to cover on-going dilution was not subject to expiration .however , this repurchase program was limited to covering net dilution from stock issuances and was subject to business conditions and cash flow requirements as determined by our board of directors from time to time .during the third quarter of fiscal 2010 , our board of directors approved an amendment to our stock repurchase program authorized in april 2007 from a non-expiring share-based authority to a time-constrained dollar-based authority .as part of this amendment , the board of directors granted authority to repurchase up to $ 1.6 billion in common stock through the end of fiscal 2012 .during the second quarter of fiscal 2012 , we exhausted our $ 1.6 billion authority granted by our board of directors in fiscal in april 2012 , the board of directors approved a new stock repurchase program granting authority to repurchase up to $ 2.0 billion in common stock through the end of fiscal 2015 .the new stock repurchase program approved by our board of directors is similar to our previous $ 1.6 billion stock repurchase program .during fiscal 2012 , 2011 and 2010 , we entered into several structured repurchase agreements with large financial institutions , whereupon we provided the financial institutions with prepayments totaling $ 405.0 million , $ 695.0 million and $ 850 million , respectively .of the $ 405.0 million of prepayments during fiscal 2012 , $ 100.0 million was under the new $ 2.0 billion stock repurchase program and the remaining $ 305.0 million was under our previous $ 1.6 billion authority .of the $ 850.0 million of prepayments during fiscal 2010 , $ 250.0 million was under the stock repurchase program prior to the program amendment in the third quarter of fiscal 2010 and the remaining $ 600.0 million was under the amended $ 1.6 billion time-constrained dollar-based authority .we enter into these agreements in order to take advantage of repurchasing shares at a guaranteed discount to the volume weighted average price ( 201cvwap 201d ) of our common stock over a specified period of time .we only enter into such transactions when the discount that we receive is higher than the foregone return on our cash prepayments to the financial institutions .there were no explicit commissions or fees on these structured repurchases .under the terms of the agreements , there is no requirement for the financial institutions to return any portion of the prepayment to us .the financial institutions agree to deliver shares to us at monthly intervals during the contract term .the parameters used to calculate the number of shares deliverable are : the total notional amount of the contract , the number of trading days in the contract , the number of trading days in the interval and the average vwap of our stock during the interval less the agreed upon discount .during fiscal 2012 , we repurchased approximately 11.5 million shares at an average price of $ 32.29 through structured repurchase agreements entered into during fiscal 2012 .during fiscal 2011 , we repurchased approximately 21.8 million shares at an average price of $ 31.81 through structured repurchase agreements entered into during fiscal 2011 .during fiscal 2010 , we repurchased approximately 31.2 million shares at an average price per share of $ 29.19 through structured repurchase agreements entered into during fiscal 2009 and fiscal 2010 .for fiscal 2012 , 2011 and 2010 , the prepayments were classified as treasury stock on our consolidated balance sheets at the payment date , though only shares physically delivered to us by november 30 , 2012 , december 2 , 2011 and december 3 , 2010 were excluded from the computation of earnings per share .as of november 30 , 2012 , $ 33.0 million of prepayments remained under these agreements .as of december 2 , 2011 and december 3 , 2010 , no prepayments remained under these agreements .table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
|
during the second quarter of fiscal 2012 , what was the change in billions from the april 2012 plan to the new stock repurchase program granting authority to repurchase common stock through the end of fiscal 2015?
|
0.4
|
{
"answer": "0.4",
"decimal": 0.4,
"type": "float"
}
| |
.
[['', '12/07', '12/08', '12/09', '12/10', '12/11', '12/12'], ['fidelity national information services inc .', '100.00', '70.08', '101.93', '120.01', '117.34', '157.38'], ['s&p 500', '100.00', '63.00', '79.67', '91.67', '93.61', '108.59'], ['s&p supercap data processing & outsourced services', '100.00', '68.26', '99.41', '97.33', '118.68', '151.90']]
s&p supercap data processing & outsourced 100.00 68.26 99.41 97.33 118.68 151.90 item 6 .selected financial data .the selected financial data set forth below constitutes historical financial data of fis and should be read in conjunction with item 7 , management 2019s discussion and analysis of financial condition and results of operations , and item 8 , financial statements and supplementary data , included elsewhere in this report .on october 1 , 2009 , we completed the acquisition of metavante technologies , inc .( "metavante" ) .the results of operations and financial position of metavante are included in the consolidated financial statements since the date of acquisition .on july 2 , 2008 , we completed the spin-off of lender processing services , inc. , which was a former wholly-owned subsidiary ( "lps" ) .for accounting purposes , the results of lps are presented as discontinued operations .accordingly , all prior periods have been restated to present the results of fis on a stand alone basis and include the results of lps up to july 2 , 2008 , as discontinued operations. .
|
what is the roi of an investment in fidelity national information services from 2007 to 2008?
|
-29.9%
|
{
"answer": "-29.9%",
"decimal": -0.299,
"type": "percentage"
}
| |
morgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s .dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) .senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities .debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 .in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes .the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 .subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s .dollar denominated .during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures .senior debt 2014structured borrowings .the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures .to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor .the company generally carries the entire structured borrowings at fair value .the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value .changes in fair value related to the notes and economic hedges are reported in trading revenues .see note 3 for further information on structured borrowings .subordinated debt and junior subordinated debentures .included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 .junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 .maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option .asset and liability management .in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate .fixed assets are generally financed with fixed rate long-term debt .the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk .these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations .in addition , for non-u.s .dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s .dollar obligations .the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate .effective average borrowing rate. .
[['', '2015', '2014', '2013'], ['weighted average coupon of long-term borrowings at period-end ( 1 )', '4.0% ( 4.0 % )', '4.2% ( 4.2 % )', '4.4% ( 4.4 % )'], ['effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )', '2.1% ( 2.1 % )', '2.3% ( 2.3 % )', '2.2% ( 2.2 % )']]
.
|
what is the difference in effective borrowing rate in 2014 due to the use of swaps?
|
1.9%
|
{
"answer": "1.9%",
"decimal": 0.019,
"type": "percentage"
}
| |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the dow jones u.s .technology supersector index and the s&p information technology index for the five years ended september 27 , 2014 .the company has added the s&p information technology index to the graph to capture the stock performance of companies whose products and services relate to those of the company .the s&p information technology index replaces the s&p computer hardware index , which is no longer tracked by s&p .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the dow jones u.s .technology supersector index and the s&p information technology index as of the market close on september 25 , 2009 .note that historic stock price performance is not necessarily indicative of future stock price performance .copyright a9 2014 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2014 dow jones & co .all rights reserved .apple inc .| 2014 form 10-k | 23 * $ 100 invested on 9/25/09 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .september september september september september september .
[['', 'september 2009', 'september 2010', 'september 2011', 'september 2012', 'september 2013', 'september 2014'], ['apple inc .', '$ 100', '$ 160', '$ 222', '$ 367', '$ 272', '$ 407'], ['s&p 500 index', '$ 100', '$ 110', '$ 111', '$ 145', '$ 173', '$ 207'], ['dow jones u.s . technology supersector index', '$ 100', '$ 112', '$ 115', '$ 150', '$ 158', '$ 205'], ['s&p information technology index', '$ 100', '$ 111', '$ 115', '$ 152', '$ 163', '$ 210']]
.
|
what was the percentage of cumulative total shareholder return for the five year period ended september 2014 for apple inc.?
|
307%
|
{
"answer": "307%",
"decimal": 3.07,
"type": "percentage"
}
| |
note 17 .debt our debt as of december 2 , 2011 and december 3 , 2010 consisted of the following ( in thousands ) : capital lease obligations total debt and capital lease obligations less : current portion debt and capital lease obligations $ 1494627 19681 1514308 $ 1505096 $ 1493969 28492 1522461 $ 1513662 in february 2010 , we issued $ 600.0 million of 3.25% ( 3.25 % ) senior notes due february 1 , 2015 ( the 201c2015 notes 201d ) and $ 900.0 million of 4.75% ( 4.75 % ) senior notes due february 1 , 2020 ( the 201c2020 notes 201d and , together with the 2015 notes , the 201cnotes 201d ) .our proceeds were approximately $ 1.5 billion and were net of an issuance discount of $ 6.6 million .the notes rank equally with our other unsecured and unsubordinated indebtedness .in addition , we incurred issuance costs of approximately $ 10.7 million .both the discount and issuance costs are being amortized to interest expense over the respective terms of the notes using the effective interest method .the effective interest rate including the discount and issuance costs is 3.45% ( 3.45 % ) for the 2015 notes and 4.92% ( 4.92 % ) for the 2020 notes .interest is payable semi-annually , in arrears , on february 1 and august 1 , commencing on august 1 , 2010 .during fiscal 2011 interest payments totaled $ 62.3 million .the proceeds from the notes are available for general corporate purposes , including repayment of any balance outstanding on our credit facility .based on quoted market prices , the fair value of the notes was approximately $ 1.6 billion as of december 2 , 2011 .we may redeem the notes at any time , subject to a make whole premium .in addition , upon the occurrence of certain change of control triggering events , we may be required to repurchase the notes , at a price equal to 101% ( 101 % ) of their principal amount , plus accrued and unpaid interest to the date of repurchase .the notes also include covenants that limit our ability to grant liens on assets and to enter into sale and leaseback transactions , subject to significant allowances .as of december 2 , 2011 , we were in compliance with all of the covenants .credit agreement in august 2007 , we entered into an amendment to our credit agreement dated february 2007 ( the 201camendment 201d ) , which increased the total senior unsecured revolving facility from $ 500.0 million to $ 1.0 billion .the amendment also permits us to request one-year extensions effective on each anniversary of the closing date of the original agreement , subject to the majority consent of the lenders .we also retain an option to request an additional $ 500.0 million in commitments , for a maximum aggregate facility of $ 1.5 billion .in february 2008 , we entered into a second amendment to the credit agreement dated february 26 , 2008 , which extended the maturity date of the facility by one year to february 16 , 2013 .the facility would terminate at this date if no additional extensions have been requested and granted .all other terms and conditions remain the same .the facility contains a financial covenant requiring us not to exceed a certain maximum leverage ratio .at our option , borrowings under the facility accrue interest based on either the london interbank offered rate ( 201clibor 201d ) for one , two , three or six months , or longer periods with bank consent , plus a margin according to a pricing grid tied to this financial covenant , or a base rate .the margin is set at rates between 0.20% ( 0.20 % ) and 0.475% ( 0.475 % ) .commitment fees are payable on the facility at rates between 0.05% ( 0.05 % ) and 0.15% ( 0.15 % ) per year based on the same pricing grid .the facility is available to provide loans to us and certain of our subsidiaries for general corporate purposes .on february 1 , 2010 , we paid the outstanding balance on our credit facility and the entire $ 1.0 billion credit line under this facility remains available for borrowing .capital lease obligation in june 2010 , we entered into a sale-leaseback agreement to sell equipment totaling $ 32.2 million and leaseback the same equipment over a period of 43 months .this transaction was classified as a capital lease obligation and recorded at fair value .as of december 2 , 2011 , our capital lease obligations of $ 19.7 million includes $ 9.2 million of current debt .table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
[['', '2011', '2010'], ['notes', '$ 1494627', '$ 1493969'], ['capital lease obligations', '19681', '28492'], ['total debt and capital lease obligations', '1514308', '1522461'], ['less : current portion', '9212', '8799'], ['debt and capital lease obligations', '$ 1505096', '$ 1513662']]
note 17 .debt our debt as of december 2 , 2011 and december 3 , 2010 consisted of the following ( in thousands ) : capital lease obligations total debt and capital lease obligations less : current portion debt and capital lease obligations $ 1494627 19681 1514308 $ 1505096 $ 1493969 28492 1522461 $ 1513662 in february 2010 , we issued $ 600.0 million of 3.25% ( 3.25 % ) senior notes due february 1 , 2015 ( the 201c2015 notes 201d ) and $ 900.0 million of 4.75% ( 4.75 % ) senior notes due february 1 , 2020 ( the 201c2020 notes 201d and , together with the 2015 notes , the 201cnotes 201d ) .our proceeds were approximately $ 1.5 billion and were net of an issuance discount of $ 6.6 million .the notes rank equally with our other unsecured and unsubordinated indebtedness .in addition , we incurred issuance costs of approximately $ 10.7 million .both the discount and issuance costs are being amortized to interest expense over the respective terms of the notes using the effective interest method .the effective interest rate including the discount and issuance costs is 3.45% ( 3.45 % ) for the 2015 notes and 4.92% ( 4.92 % ) for the 2020 notes .interest is payable semi-annually , in arrears , on february 1 and august 1 , commencing on august 1 , 2010 .during fiscal 2011 interest payments totaled $ 62.3 million .the proceeds from the notes are available for general corporate purposes , including repayment of any balance outstanding on our credit facility .based on quoted market prices , the fair value of the notes was approximately $ 1.6 billion as of december 2 , 2011 .we may redeem the notes at any time , subject to a make whole premium .in addition , upon the occurrence of certain change of control triggering events , we may be required to repurchase the notes , at a price equal to 101% ( 101 % ) of their principal amount , plus accrued and unpaid interest to the date of repurchase .the notes also include covenants that limit our ability to grant liens on assets and to enter into sale and leaseback transactions , subject to significant allowances .as of december 2 , 2011 , we were in compliance with all of the covenants .credit agreement in august 2007 , we entered into an amendment to our credit agreement dated february 2007 ( the 201camendment 201d ) , which increased the total senior unsecured revolving facility from $ 500.0 million to $ 1.0 billion .the amendment also permits us to request one-year extensions effective on each anniversary of the closing date of the original agreement , subject to the majority consent of the lenders .we also retain an option to request an additional $ 500.0 million in commitments , for a maximum aggregate facility of $ 1.5 billion .in february 2008 , we entered into a second amendment to the credit agreement dated february 26 , 2008 , which extended the maturity date of the facility by one year to february 16 , 2013 .the facility would terminate at this date if no additional extensions have been requested and granted .all other terms and conditions remain the same .the facility contains a financial covenant requiring us not to exceed a certain maximum leverage ratio .at our option , borrowings under the facility accrue interest based on either the london interbank offered rate ( 201clibor 201d ) for one , two , three or six months , or longer periods with bank consent , plus a margin according to a pricing grid tied to this financial covenant , or a base rate .the margin is set at rates between 0.20% ( 0.20 % ) and 0.475% ( 0.475 % ) .commitment fees are payable on the facility at rates between 0.05% ( 0.05 % ) and 0.15% ( 0.15 % ) per year based on the same pricing grid .the facility is available to provide loans to us and certain of our subsidiaries for general corporate purposes .on february 1 , 2010 , we paid the outstanding balance on our credit facility and the entire $ 1.0 billion credit line under this facility remains available for borrowing .capital lease obligation in june 2010 , we entered into a sale-leaseback agreement to sell equipment totaling $ 32.2 million and leaseback the same equipment over a period of 43 months .this transaction was classified as a capital lease obligation and recorded at fair value .as of december 2 , 2011 , our capital lease obligations of $ 19.7 million includes $ 9.2 million of current debt .table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
|
what is the growth rate in the balance of total debt and capital lease obligations in 2011?
|
-0.5%
|
{
"answer": "-0.5%",
"decimal": -0.005,
"type": "percentage"
}
| |
the following table illustrates the incremental effect of applying sfas no .158 on individual line items of the balance sheet as of december 31 , 2006 .before after application of application of ( in millions ) sfas no .158 adjustments sfas no .158 .
[['( in millions )', 'before application of sfas no . 158', 'adjustments', 'after application of sfas no . 158'], ['prepaid pensions', '$ 229', '$ -229 ( 229 )', '$ 2013'], ['investments and long-term receivables', '1893', '-6 ( 6 )', '1887'], ['total assets', '31066', '-235 ( 235 )', '30831'], ['payroll and benefits payable', '384', '25', '409'], ['defined benefit postretirement plan obligations', '870', '375', '1245'], ['long-term deferred income taxes', '2183', '-286 ( 286 )', '1897'], ['deferred credits and other liabilities', '397', '-6 ( 6 )', '391'], ['total liabilities', '15598', '108', '15706'], ['accumulated other comprehensive loss', '-25 ( 25 )', '-343 ( 343 )', '-368 ( 368 )'], ["total stockholders' equity", '$ 14950', '$ -343 ( 343 )', '$ 14607']]
sab no .108 2013 in september 2006 , the securities and exchange commission issued staff accounting bulletin ( 2018 2018sab 2019 2019 ) no .108 , 2018 2018financial statements 2013 considering the effects of prior year misstatements when quantifying misstatements in current year financial statements . 2019 2019 sab no .108 addresses how a registrant should quantify the effect of an error in the financial statements for purposes of assessing materiality and requires that the effect be computed using both the current year income statement perspective ( 2018 2018rollover 2019 2019 ) and the year end balance sheet perspective ( 2018 2018iron curtain 2019 2019 ) methods for fiscal years ending after november 15 , 2006 .if a change in the method of quantifying errors is required under sab no .108 , this represents a change in accounting policy ; therefore , if the use of both methods results in a larger , material misstatement than the previously applied method , the financial statements must be adjusted .sab no .108 allows the cumulative effect of such adjustments to be made to opening retained earnings upon adoption .marathon adopted sab no .108 for the year ended december 31 , 2006 , and adoption did not have an effect on marathon 2019s consolidated results of operations , financial position or cash flows .eitf issue no .06-03 2013 in june 2006 , the fasb ratified the consensus reached by the eitf regarding issue no .06-03 , 2018 2018how taxes collected from customers and remitted to governmental authorities should be presented in the income statement ( that is , gross versus net presentation ) . 2019 2019 included in the scope of this issue are any taxes assessed by a governmental authority that are imposed on and concurrent with a specific revenue-producing transaction between a seller and a customer .the eitf concluded that the presentation of such taxes on a gross basis ( included in revenues and costs ) or a net basis ( excluded from revenues ) is an accounting policy decision that should be disclosed pursuant to accounting principles board ( 2018 2018apb 2019 2019 ) opinion no .22 , 2018 2018disclosure of accounting policies . 2019 2019 in addition , the amounts of such taxes reported on a gross basis must be disclosed if those tax amounts are significant .the policy disclosures required by this consensus are included in note 1 under the heading 2018 2018consumer excise taxes 2019 2019 and the taxes reported on a gross basis are presented separately as consumer excise taxes in the consolidated statements of income .eitf issue no .04-13 2013 in september 2005 , the fasb ratified the consensus reached by the eitf on issue no .04-13 , 2018 2018accounting for purchases and sales of inventory with the same counterparty . 2019 2019 the consensus establishes the circumstances under which two or more inventory purchase and sale transactions with the same counterparty should be recognized at fair value or viewed as a single exchange transaction subject to apb opinion no .29 , 2018 2018accounting for nonmonetary transactions . 2019 2019 in general , two or more transactions with the same counterparty must be combined for purposes of applying apb opinion no .29 if they are entered into in contemplation of each other .the purchase and sale transactions may be pursuant to a single contractual arrangement or separate contractual arrangements and the inventory purchased or sold may be in the form of raw materials , work-in-process or finished goods .effective april 1 , 2006 , marathon adopted the provisions of eitf issue no .04-13 prospectively .eitf issue no .04-13 changes the accounting for matching buy/sell arrangements that are entered into or modified on or after april 1 , 2006 ( except for those accounted for as derivative instruments , which are discussed below ) .in a typical matching buy/sell transaction , marathon enters into a contract to sell a particular quantity and quality of crude oil or refined product at a specified location and date to a particular counterparty and simultaneously agrees to buy a particular quantity and quality of the same commodity at a specified location on the same or another specified date from the same counterparty .prior to adoption of eitf issue no .04-13 , marathon recorded such matching buy/sell transactions in both revenues and cost of revenues as separate sale and purchase transactions .upon adoption , these transactions are accounted for as exchanges of inventory .the scope of eitf issue no .04-13 excludes matching buy/sell arrangements that are accounted for as derivative instruments .a portion of marathon 2019s matching buy/sell transactions are 2018 2018nontraditional derivative instruments , 2019 2019 which are discussed in note 1 .although the accounting for nontraditional derivative instruments is outside the scope of eitf issue no .04-13 , the conclusions reached in that consensus caused marathon to reconsider the guidance in eitf issue no .03-11 , 2018 2018reporting realized gains and losses on derivative instruments that are subject to fasb statement no .133 and not 2018 2018held for trading purposes 2019 2019 as defined in issue no .02-3 . 2019 2019 as a result , effective for contracts entered into or modified on or after april 1 , 2006 , the effects of matching buy/sell arrangements accounted for as nontraditional derivative instruments are recognized on a net basis in net income and are classified as cost of revenues .prior to this change , marathon recorded these transactions in both revenues and cost of revenues as separate sale and purchase transactions .this change in accounting principle is being applied on a prospective basis because it is impracticable to apply the change on a retrospective basis. .
|
what was the percentage change in total assets due to the adoption of fas 158?
|
-0.7%
|
{
"answer": "-0.7%",
"decimal": -0.006999999999999999,
"type": "percentage"
}
| |
sales volumes in 2013 increased from 2012 , primarily for fluff pulp , reflecting improved market demand and a change in our product mix with a full year of fluff pulp production at our franklin , virginia mill .average sales price realizations were lower for fluff pulp while prices for market pulp increased .input costs for wood , fuels and chemicals were higher .mill operating costs were significantly lower largely due to the absence of costs associated with the start-up of the franklin mill in 2012 .planned maintenance downtime costs were higher .in the first quarter of 2014 , sales volumes are expected to be slightly lower compared with the fourth quarter of 2013 .average sales price realizations are expected to improve , reflecting the further realization of previously announced sales price increases for softwood pulp and fluff pulp .input costs should be flat .planned maintenance downtime costs should be about $ 11 million higher than in the fourth quarter of 2013 .operating profits will also be negatively impacted by the severe winter weather in the first quarter of 2014 .consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity .in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .consumer packaging net sales in 2013 increased 8% ( 8 % ) from 2012 , but decreased 7% ( 7 % ) from 2011 .operating profits decreased 40% ( 40 % ) from 2012 and 1% ( 1 % ) from 2011 .net sales and operating profits include the shorewood business in 2011 .excluding costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs associated with the sale of the shorewood business , 2013 operating profits were 22% ( 22 % ) lower than in 2012 , and 43% ( 43 % ) lower than in 2011 .benefits from higher sales volumes ( $ 45 million ) were offset by lower average sales price realizations and an unfavorable mix ( $ 50 million ) , higher operating costs including incremental costs resulting from the shutdown of a paper machine at our augusta , georgia mill ( $ 46 million ) and higher input costs ( $ 6 million ) .in addition , operating profits in 2013 included restructuring costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business .operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business , while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north american shorewood business and $ 72 million for other charges associated with the sale of the shorewood business .consumer packaging .
[['in millions', '2013', '2012', '2011'], ['sales', '$ 3435', '$ 3170', '$ 3710'], ['operating profit', '161', '268', '163']]
north american consumer packaging net sales were $ 2.0 billion in 2013 compared with $ 2.0 billion in 2012 and $ 2.5 billion in 2011 .operating profits were $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 compared with $ 165 million ( $ 162 million excluding charges associated with the sale of the shorewood business ) in 2012 and $ 35 million ( $ 236 million excluding asset impairment charges and other costs associated with the sale of the shorewood business ) in 2011 .coated paperboard sales volumes in 2013 were higher than in 2012 reflecting stronger market demand .average sales price realizations were lower year-over- year despite the realization of price increases in the second half of 2013 .input costs for wood and energy increased , but were partially offset by lower costs for chemicals .planned maintenance downtime costs were slightly lower .market-related downtime was about 24000 tons in 2013 compared with about 113000 tons in 2012 .the permanent shutdown of a paper machine at our augusta , georgia mill in the first quarter of 2013 reduced capacity by 140000 tons in 2013 compared with 2012 .foodservice sales volumes increased slightly in 2013 compared with 2012 despite softer market demand .average sales margins were higher reflecting lower input costs for board and resins and a more favorable product mix .operating costs and distribution costs were both higher .the u.s.shorewood business was sold december 31 , 2011 and the non-u.s .business was sold in january looking ahead to the first quarter of 2014 , coated paperboard sales volumes are expected to be seasonally weaker than in the fourth quarter of 2013 .average sales price realizations are expected to be slightly higher , and margins should also benefit from a more favorable product mix .input costs are expected to be higher for energy , chemicals and wood .planned maintenance downtime costs should be $ 8 million lower with a planned maintenance outage scheduled at the augusta mill in the first quarter .the severe winter weather in the first quarter of 2014 will negatively impact operating profits .foodservice sales volumes are expected to be seasonally lower .average sales margins are expected to improve due to the realization of sales price increases effective with our january contract openers and a more favorable product mix. .
|
in 2013 what percentage of consumer packaging sales is attributable to north american consumer packaging net sales?
|
58%
|
{
"answer": "58%",
"decimal": 0.58,
"type": "percentage"
}
| |
$ 25.7 million in cash , including $ 4.2 million in taxes and 1373609 of hep 2019s common units having a fair value of $ 53.5 million .roadrunner / beeson pipelines transaction also on december 1 , 2009 , hep acquired our two newly constructed pipelines for $ 46.5 million , consisting of a 65- mile , 16-inch crude oil pipeline ( the 201croadrunner pipeline 201d ) that connects our navajo refinery lovington facility to a terminus of centurion pipeline l.p . 2019s pipeline extending between west texas and cushing , oklahoma and a 37- mile , 8-inch crude oil pipeline that connects hep 2019s new mexico crude oil gathering system to our navajo refinery lovington facility ( the 201cbeeson pipeline 201d ) .tulsa west loading racks transaction on august 1 , 2009 , hep acquired from us , certain truck and rail loading/unloading facilities located at our tulsa west facility for $ 17.5 million .the racks load refined products and lube oils produced at the tulsa west facility onto rail cars and/or tanker trucks .lovington-artesia pipeline transaction on june 1 , 2009 , hep acquired our newly constructed , 16-inch intermediate pipeline for $ 34.2 million that runs 65 miles from our navajo refinery 2019s crude oil distillation and vacuum facilities in lovington , new mexico to its petroleum refinery located in artesia , new mexico .slc pipeline joint venture interest on march 1 , 2009 , hep acquired a 25% ( 25 % ) joint venture interest in the slc pipeline , a new 95-mile intrastate pipeline system jointly owned with plains .the slc pipeline commenced operations effective march 2009 and allows various refineries in the salt lake city area , including our woods cross refinery , to ship crude oil into the salt lake city area from the utah terminus of the frontier pipeline as well as crude oil flowing from wyoming and utah via plains 2019 rocky mountain pipeline .hep 2019s capitalized joint venture contribution was $ 25.5 million .rio grande pipeline sale on december 1 , 2009 , hep sold its 70% ( 70 % ) interest in rio grande pipeline company ( 201crio grande 201d ) to a subsidiary of enterprise products partners lp for $ 35 million .results of operations of rio grande are presented in discontinued operations .in accounting for this sale , hep recorded a gain of $ 14.5 million and a receivable of $ 2.2 million representing its final distribution from rio grande .the recorded net asset balance of rio grande at december 1 , 2009 , was $ 22.7 million , consisting of cash of $ 3.1 million , $ 29.9 million in properties and equipment , net and $ 10.3 million in equity , representing bp , plc 2019s 30% ( 30 % ) noncontrolling interest .the following table provides income statement information related to hep 2019s discontinued operations : year ended december 31 , 2009 ( in thousands ) .
[['', 'year ended december 31 2009 ( in thousands )'], ['income from discontinued operations before income taxes', '$ 5367'], ['income tax expense', '-942 ( 942 )'], ['income from discontinued operations net', '4425'], ['gain on sale of discontinued operations before income taxes', '14479'], ['income tax expense', '-1978 ( 1978 )'], ['gain on sale of discontinued operations net', '12501'], ['income from discontinued operations net', '$ 16926']]
transportation agreements hep serves our refineries under long-term pipeline and terminal , tankage and throughput agreements expiring in 2019 through 2026 .under these agreements , we pay hep fees to transport , store and throughput volumes of refined product and crude oil on hep 2019s pipeline and terminal , tankage and loading rack facilities that result in minimum annual payments to hep .under these agreements , the agreed upon tariff rates are subject to annual tariff rate adjustments on july 1 at a rate based upon the percentage change in producer price index ( 201cppi 201d ) or federal energy .
|
excluding the gain on sale of discontinued operations , what was the income from discontinued operations , in millions?
|
4425
|
{
"answer": "4425",
"decimal": 4425,
"type": "float"
}
| |
the following table sets forth our refined products sales by product group and our average sales price for each of the last three years .refined product sales ( thousands of barrels per day ) 2008 2007 2006 .
[['( thousands of barrels per day )', '2008', '2007', '2006'], ['gasoline', '756', '791', '804'], ['distillates', '375', '377', '375'], ['propane', '22', '23', '23'], ['feedstocks and special products', '100', '103', '106'], ['heavy fuel oil', '23', '29', '26'], ['asphalt', '76', '87', '91'], ['total ( a )', '1352', '1410', '1425'], ['average sales price ( dollars per barrel )', '$ 109.49', '$ 86.53', '$ 77.76']]
total ( a ) 1352 1410 1425 average sales price ( dollars per barrel ) $ 109.49 $ 86.53 $ 77.76 ( a ) includes matching buy/sell volumes of 24 mbpd in 2006 .on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .this change resulted in lower refined products sales volumes for 2008 , 2007 and the remainder of 2006 than would have been reported under our previous accounting practices .see note 2 to the consolidated financial statements .gasoline and distillates 2013 we sell gasoline , gasoline blendstocks and no .1 and no .2 fuel oils ( including kerosene , jet fuel , diesel fuel and home heating oil ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states .we sold 47 percent of our gasoline volumes and 88 percent of our distillates volumes on a wholesale or spot market basis in 2008 .the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months .we have blended fuel ethanol into gasoline for over 15 years and began increasing our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels .we blended 57 mbpd of ethanol into gasoline in 2008 , 41 mbpd in 2007 and 35 mbpd in 2006 .the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations .we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois .we also sell biodiesel-blended diesel in minnesota , illinois and kentucky .in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana .we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio .the greenville plant began production in february 2008 .both of these facilities are managed by a co-owner .propane 2013 we produce propane at all seven of our refineries .propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles .our propane sales are typically split evenly between the home heating market and industrial consumers .feedstocks and special products 2013 we are a producer and marketer of petrochemicals and specialty products .product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene .we market propylene , cumene and sulfur domestically to customers in the chemical industry .we sell maleic anhydride throughout the united states and canada .we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 2700 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications .in september 2008 , we shut down our lubes facility in catlettsburg , kentucky , and sold from inventory through december 31 , 2008 ; therefore , base oils , aromatic extracts and slack wax are no longer being produced and marketed .in addition , we have recently discontinued production and sales of petroleum pitch and aliphatic solvents .heavy fuel oil 2013 we produce and market heavy oil , also known as fuel oil , residual fuel or slurry at all seven of our refineries .another product of crude oil , heavy oil is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product .we also sell heavy fuel oil at our terminals in wellsville , ohio , and chattanooga , tennessee .asphalt 2013 we have refinery based asphalt production capacity of up to 102 mbpd .we market asphalt through 33 owned or leased terminals throughout the midwest and southeast .we have a broad customer base , including .
|
for the three year period what was the largest gasoline production in thousand bbl per day?
|
804
|
{
"answer": "804",
"decimal": 804,
"type": "float"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 may require the government to acquire an ownership interest and the current expectation of future losses .our evaluation indicated that the long-lived assets were no longer recoverable and , accordingly , they were written down to their estimated fair value of $ 24 million based on a discounted cash flow analysis .the long-lived assets had a carrying amount of $ 66 million prior to the recognition of asset impairment expense .kelanitissa is a build- operate-transfer ( bot ) generation facility and payments under its ppa are scheduled to decline over the ppa term .it is possible that further impairment charges may be required in the future as kelanitissa gets closer to the bot date .kelanitissa is reported in the asia generation reportable segment .asset impairment expense for the year ended december 31 , 2010 consisted of : ( in millions ) .
[['', '2010 ( in millions )'], ['southland ( huntington beach )', '$ 200'], ['tisza ii', '85'], ['deepwater', '79'], ['other', '25'], ['total', '$ 389']]
southland 2014in september 2010 , a new environmental policy on the use of ocean water to cool generation facilities was issued in california that requires generation plants to comply with the policy by december 31 , 2020 and would require significant capital expenditure or plants 2019 shutdown .the company 2019s huntington beach gas-fired generation facility in california , which is part of aes 2019 southland business , was impacted by the new policy .the company performed an asset impairment test and determined the fair value of the asset group using a discounted cash flow analysis .the carrying value of the asset group of $ 288 million exceeded the fair value of $ 88 million resulting in the recognition of asset impairment expense of $ 200 million for the year ended december 31 , 2010 .southland is reported in the north america generation reportable segment .tisza ii 2014during the third quarter of 2010 , the company entered into annual negotiations with the offtaker of tisza ii .as a result of these preliminary negotiations , as well as the further deterioration of the economic environment in hungary , the company determined that an indicator of impairment existed at september 30 , 2010 .thus , the company performed an asset impairment test and determined that based on the undiscounted cash flow analysis , the carrying amount of the tisza ii asset group was not recoverable .the fair value of the asset group was then determined using a discounted cash flow analysis .the carrying value of the tisza ii asset group of $ 160 million exceeded the fair value of $ 75 million resulting in the recognition of asset impairment expense of $ 85 million during the year ended december 31 , 2010 .deepwater 2014in 2010 , deepwater , our 160 mw petcoke-fired merchant power plant located in texas , experienced deteriorating market conditions due to increasing petcoke prices and diminishing power prices .as a result , deepwater incurred operating losses and was shut down from time to time to avoid negative operating margin .in the fourth quarter of 2010 , management concluded that , on an undiscounted cash flow basis , the carrying amount of the asset group was no longer recoverable .the fair value of deepwater was determined using a discounted cash flow analysis and $ 79 million of impairment expense was recognized .deepwater is reported in the north america generation reportable segment. .
|
what percentage was the southland ( huntington beach ) of asset impairment expense for the year ended december 31 , 2010?
|
51%
|
{
"answer": "51%",
"decimal": 0.51,
"type": "percentage"
}
| |
asset category target allocation total quoted prices in active markets for identical assets ( level 1 ) significant observable inputs ( level 2 ) significant unobservable inputs .
[['', 'level 3'], ['balance as of january 1 2018', '$ 278'], ['actual return on assets', '-23 ( 23 )'], ['purchases issuances and settlements net', '-25 ( 25 )'], ['balance as of december 31 2018', '$ 230']]
balance as of january 1 , 2017 .........................................................$ 140 actual return on assets ..........................................................2 purchases , issuances and settlements , net ............................................136 balance as of december 31 , 2017 ......................................................$ 278 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts .the investments and risk mitigation strategies for the plans are tailored specifically for each trust .in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company .the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation .considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns .in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan .as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed- income assets relative to liabilities .the fixed income portion of the portfolio was designed to match the bond- .
|
was actual return on assets greater than purchases issuances and settlements?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
each clearing firm is required to deposit and maintain balances in the form of cash , u.s .government securities , certain foreign government securities , bank letters of credit or other approved investments to satisfy performance bond and guaranty fund requirements .all non-cash deposits are marked-to-market and haircut on a daily basis .securities deposited by the clearing firms are not reflected in the consolidated financial statements and the clearing house does not earn any interest on these deposits .these balances may fluctuate significantly over time due to investment choices available to clearing firms and changes in the amount of contributions required .in addition , the rules and regulations of cbot require that collateral be provided for delivery of physical commodities , maintenance of capital requirements and deposits on pending arbitration matters .to satisfy these requirements , clearing firms that have accounts that trade certain cbot products have deposited cash , u.s .treasury securities or letters of credit .the clearing house marks-to-market open positions at least once a day ( twice a day for futures and options contracts ) , and require payment from clearing firms whose positions have lost value and make payments to clearing firms whose positions have gained value .the clearing house has the capability to mark-to-market more frequently as market conditions warrant .under the extremely unlikely scenario of simultaneous default by every clearing firm who has open positions with unrealized losses , the maximum exposure related to positions other than credit default and interest rate swap contracts would be one half day of changes in fair value of all open positions , before considering the clearing houses 2019 ability to access defaulting clearing firms 2019 collateral deposits .for cleared credit default swap and interest rate swap contracts , the maximum exposure related to cme 2019s guarantee would be one full day of changes in fair value of all open positions , before considering cme 2019s ability to access defaulting clearing firms 2019 collateral .during 2017 , the clearing house transferred an average of approximately $ 2.4 billion a day through the clearing system for settlement from clearing firms whose positions had lost value to clearing firms whose positions had gained value .the clearing house reduces the guarantee exposure through initial and maintenance performance bond requirements and mandatory guaranty fund contributions .the company believes that the guarantee liability is immaterial and therefore has not recorded any liability at december 31 , 2017 .at december 31 , 2016 , performance bond and guaranty fund contribution assets on the consolidated balance sheets included cash as well as u.s .treasury and u.s .government agency securities with maturity dates of 90 days or less .the u.s .treasury and u.s .government agency securities were purchased by cme , at its discretion , using cash collateral .the benefits , including interest earned , and risks of ownership accrue to cme .interest earned is included in investment income on the consolidated statements of income .there were no u.s .treasury and u.s .government agency securities held at december 31 , 2017 .the amortized cost and fair value of these securities at december 31 , 2016 were as follows : ( in millions ) amortized .
[['( in millions )', '2016 amortizedcost', '2016 fairvalue'], ['u.s . treasury securities', '$ 5548.9', '$ 5549.0'], ['u.s . government agency securities', '1228.3', '1228.3']]
cme has been designated as a systemically important financial market utility by the financial stability oversight council and maintains a cash account at the federal reserve bank of chicago .at december 31 , 2017 and december 31 , 2016 , cme maintained $ 34.2 billion and $ 6.2 billion , respectively , within the cash account at the federal reserve bank of chicago .clearing firms , at their option , may instruct cme to deposit the cash held by cme into one of the ief programs .the total principal in the ief programs was $ 1.1 billion at december 31 , 2017 and $ 6.8 billion at december 31 .
|
in 2016 what was the ratio of the amortizedcost u.s . treasury securities to the u.s . government agency securities
|
4.5
|
{
"answer": "4.5",
"decimal": 4.5,
"type": "float"
}
| |
part ii item 5 .market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2004 and 2003. .
[['2004', 'high', 'low'], ['quarter ended march 31', '$ 13.12', '$ 9.89'], ['quarter ended june 30', '16.00', '11.13'], ['quarter ended september 30', '15.85', '13.10'], ['quarter ended december 31', '18.75', '15.19'], ['2003', 'high', 'low'], ['quarter ended march 31', '$ 5.94', '$ 3.55'], ['quarter ended june 30', '9.90', '5.41'], ['quarter ended september 30', '11.74', '8.73'], ['quarter ended december 31', '12.00', '9.59']]
on march 18 , 2005 , the closing price of our class a common stock was $ 18.79 per share as reported on the as of march 18 , 2005 , we had 230604932 outstanding shares of class a common stock and 743 registered holders .in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter .our charter prohibits the future issuance of shares of class b common stock .also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis .our charter permits the issuance of shares of class c common stock in the future .the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report .dividends we have never paid a dividend on any class of common stock .we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .the indentures governing our 93 20448% ( 20448 % ) senior notes due 2009 , our 7.50% ( 7.50 % ) senior notes due 2012 , and our 7.125% ( 7.125 % ) senior notes due 2012 prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .our borrower subsidiaries are generally prohibited under the terms of the credit facility , subject to certain exceptions , from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests , except that , if no default exists or would be created thereby under the credit facility , our borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the credit facility within certain specified amounts and , in addition , may pay cash dividends or make other distributions to us in respect of our outstanding indebtedness and permitted future indebtedness .the indentures governing the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and the 7.25% ( 7.25 % ) senior subordinated notes due 2011 of american towers , inc .( ati ) , our principal operating subsidiary , prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain .
|
what is the average number of shares per registered holder as of march 18 , 2005?
|
310370
|
{
"answer": "310370",
"decimal": 310370,
"type": "float"
}
| |
o 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively .the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years .employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value .participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan .the stock purchase plan authorizes up to 2600000 shares to be granted .during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share .during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share .during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share .sfas no .123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees .during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 .at december 31 , 2006 , approximately 400000 shares were reserved for future issuance .other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service .the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed .the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors .the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock .a total of 4200000 shares of common stock have been authorized for issuance under this plan .during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 .during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 .during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 .the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 .the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 .the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 .the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 .a portion of these shares related to profit sharing contributions accrued in prior periods .at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan .the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred .shares are forfeited when an employee ceases employment .a total of 800000 shares of common stock have been authorized for issuance under this plan .shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period .the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 .the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 .the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 .the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively .the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 .the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 .the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 .the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 .compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period .changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value .
[['', 'shares', 'weighted-average grant date fair value'], ['non-vested at december 31 2005', '15052', '$ 22.68'], ['granted during the period', '18698', '33.12'], ['vested during the period', '-15685 ( 15685 )', '26.49'], ['forfeited during the period', '-1774 ( 1774 )', '27.94'], ['non-vested at december 31 2006', '16291', '$ 30.80']]
at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan .n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .
|
what is the amount of cash raised from the issuance of shares during 2015 , in millions?
|
4.5
|
{
"answer": "4.5",
"decimal": 4.5,
"type": "float"
}
| |
marathon oil corporation notes to consolidated financial statements the changes in the carrying amount of goodwill for the years ended december 31 , 2007 , and 2008 , were as follows : ( in millions ) e&p osm rm&t total .
[['( in millions )', 'e&p', 'osm', 'rm&t', 'total'], ['balance as of december 31 2006', '$ 519', '$ 2013', '$ 879', '$ 1398'], ['acquired', '71', '1437', '2013', '1508'], ['adjusted ( a )', '2013', '2013', '-7 ( 7 )', '-7 ( 7 )'], ['balance as of december 31 2007', '590', '1437', '872', '2899'], ['adjusted ( a )', '-17 ( 17 )', '-25 ( 25 )', '7', '-35 ( 35 )'], ['impaired', '2013', '-1412 ( 1412 )', '2013', '-1412 ( 1412 )'], ['disposed ( b )', '-5 ( 5 )', '', '2013', '-5 ( 5 )'], ['balance as of december 31 2008', '$ 568', '$ 2013', '$ 879', '$ 1447']]
( a ) adjustments related to prior period income tax and royalty adjustments .( b ) goodwill was allocated to the norwegian outside-operated properties sold in 2008 .17 .fair value measurements as defined in sfas no .157 , fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date .sfas no .157 describes three approaches to measuring the fair value of assets and liabilities : the market approach , the income approach and the cost approach , each of which includes multiple valuation techniques .the market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities .the income approach uses valuation techniques to measure fair value by converting future amounts , such as cash flows or earnings , into a single present value amount using current market expectations about those future amounts .the cost approach is based on the amount that would currently be required to replace the service capacity of an asset .this is often referred to as current replacement cost .the cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility , adjusted for obsolescence .sfas no .157 does not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques .sfas no .157 establishes a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques .inputs broadly refer to the assumptions that market participants use to make pricing decisions , including assumptions about risk .level 1 inputs are given the highest priority in the fair value hierarchy while level 3 inputs are given the lowest priority .the three levels of the fair value hierarchy are as follows .2022 level 1 2013 observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date .active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .2022 level 2 2013 observable market-based inputs or unobservable inputs that are corroborated by market data .these are inputs other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .2022 level 3 2013 unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management 2019s best estimate of fair value .we use a market or income approach for recurring fair value measurements and endeavor to use the best information available .accordingly , valuation techniques that maximize the use of observable inputs are favored .financial assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement .the assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy. .
|
by what percentage did total goodwill decline from 2007 to 2008 year end?
|
-50.1%
|
{
"answer": "-50.1%",
"decimal": -0.501,
"type": "percentage"
}
| |
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 cadence design system from 2006 to 2007?
|
-4.9%
|
{
"answer": "-4.9%",
"decimal": -0.049,
"type": "percentage"
}
| |
notes to consolidated financial statements 192 jpmorgan chase & co ./ 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit .implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator .should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln .expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders .the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation .the variability to be considered in the modeling of expected losses is based on the design of the enti- ty .the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term .under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs .in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary .from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence .instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter .as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model .specifically , risk ratings and loss given default assumptions are continually updated .the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively .management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults .qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market .the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase .consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value .december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) .
[['( in billions except ratios )', 'reported', 'pro forma ( a ) ( b )'], ['assets', '$ 2175.1', '$ 2218.2'], ['liabilities', '2008.2', '2051.3'], ['tier 1 capital ratio', '10.9% ( 10.9 % )', '10.9% ( 10.9 % )'], ['tier 1 leverage ratio', '6.9', '6.8']]
( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation .if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) .the fair value of the assets is primarily based upon pricing for comparable transactions .the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions .( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio .the firm could fund purchases of assets from vies should it become necessary .2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility .the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement .during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired .impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note .on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits .it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures .because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits .the structured cdo assets were transferred to the firm at .
|
what was the ratio of the total amount of expected loss notes out- standing at december 31 , 2008 compared to 2007
|
1.05
|
{
"answer": "1.05",
"decimal": 1.05,
"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 percentage of operating income was the emea segment in 2016?
|
3%
|
{
"answer": "3%",
"decimal": 0.03,
"type": "percentage"
}
| |
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 .
[['millions of dollars', '2009', '2008', '2007'], ['cash provided by operating activities', '$ 3234', '$ 4070', '$ 3277'], ['cash used in investing activities', '-2175 ( 2175 )', '-2764 ( 2764 )', '-2426 ( 2426 )'], ['dividends paid', '-544 ( 544 )', '-481 ( 481 )', '-364 ( 364 )'], ['free cash flow', '$ 515', '$ 825', '$ 487']]
2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .we will continue implementing total safety culture ( tsc ) throughout our operations .tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .this process allows us to identify and implement best practices for employee and operational safety .reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .we plan to adjust manpower and our locomotive and rail car fleets to .
|
what percent of beginning inventory of locomotives remained in service at the end of the year?
|
74%
|
{
"answer": "74%",
"decimal": 0.74,
"type": "percentage"
}
| |
notes to consolidated financial statements ( continued ) note 8 2014commitments and contingencies ( continued ) the following table reconciles changes in the company 2019s accrued warranties and related costs ( in millions ) : .
[['', '2007', '2006', '2005'], ['beginning accrued warranty and related costs', '$ 284', '$ 188', '$ 105'], ['cost of warranty claims', '-281 ( 281 )', '-267 ( 267 )', '-188 ( 188 )'], ['accruals for product warranties', '227', '363', '271'], ['ending accrued warranty and related costs', '$ 230', '$ 284', '$ 188']]
the company generally does not indemnify end-users of its operating system and application software against legal claims that the software infringes third-party intellectual property rights .other agreements entered into by the company sometimes include indemnification provisions under which the company could be subject to costs and/or damages in the event of an infringement claim against the company or an indemnified third-party .however , the company has not been required to make any significant payments resulting from such an infringement claim asserted against itself or an indemnified third-party and , in the opinion of management , does not have a potential liability related to unresolved infringement claims subject to indemnification that would have a material adverse effect on its financial condition or operating results .therefore , the company did not record a liability for infringement costs as of either september 29 , 2007 or september 30 , 2006 .concentrations in the available sources of supply of materials and product certain key components including , but not limited to , microprocessors , enclosures , certain lcds , certain optical drives , and application-specific integrated circuits ( 2018 2018asics 2019 2019 ) are currently obtained by the company from single or limited sources which subjects the company to supply and pricing risks .many of these and other key components that are available from multiple sources including , but not limited to , nand flash memory , dram memory , and certain lcds , are at times subject to industry-wide shortages and significant commodity pricing fluctuations .in addition , the company has entered into certain agreements for the supply of critical components at favorable pricing , and there is no guarantee that the company will be able to extend or renew these agreements when they expire .therefore , the company remains subject to significant risks of supply shortages and/or price increases that can adversely affect gross margins and operating margins .in addition , the company uses some components that are not common to the rest of the global personal computer , consumer electronics and mobile communication industries , and new products introduced by the company often utilize custom components obtained from only one source until the company has evaluated whether there is a need for and subsequently qualifies additional suppliers .if the supply of a key single-sourced component to the company were to be delayed or curtailed , or in the event a key manufacturing vendor delays shipments of completed products to the company , the company 2019s ability to ship related products in desired quantities and in a timely manner could be adversely affected .the company 2019s business and financial performance could also be adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components may be affected if producers were to decide to concentrate on the production of common components instead of components customized to meet the company 2019s requirements .finally , significant portions of the company 2019s cpus , ipods , iphones , logic boards , and other assembled products are now manufactured by outsourcing partners , primarily in various parts of asia .a significant concentration of this outsourced manufacturing is currently performed by only a few of the company 2019s outsourcing partners , often in single locations .certain of these outsourcing partners are the sole-sourced supplier of components and manufacturing outsourcing for many of the company 2019s key products , including but not limited to , assembly .
|
what was the percentage change in accrued warranties and related costs from 2005 to 2006?
|
51%
|
{
"answer": "51%",
"decimal": 0.51,
"type": "percentage"
}
| |
jpmorgan chase & co./2015 annual report 73 in advisory fees was driven by the combined impact of a greater share of fees for completed transactions , and growth in industry-wide fees .the increase in equity underwriting fees was driven by higher industry-wide issuance .the decrease in debt underwriting fees was primarily related to lower bond underwriting fees compared with the prior year , and lower loan syndication fees on lower industry-wide fees .principal transactions revenue increased as the prior year included a $ 1.5 billion loss related to the implementation of the funding valuation adjustment ( 201cfva 201d ) framework for over-the-counter ( 201cotc 201d ) derivatives and structured notes .private equity gains increased as a result of higher net gains on sales .these increases were partially offset by lower fixed income markets revenue in cib , primarily driven by credit-related and rates products , as well as the impact of business simplification initiatives .lending- and deposit-related fees decreased compared with the prior year , reflecting the impact of business simplification initiatives and lower trade finance revenue in cib .asset management , administration and commissions revenue increased compared with the prior year , reflecting higher asset management fees driven by net client inflows and higher market levels in am and ccb .the increase was offset partially by lower commissions and other fee revenue in ccb as a result of the exit of a non-core product in 2013 .securities gains decreased compared with the prior year , reflecting lower repositioning activity related to the firm 2019s investment securities portfolio .mortgage fees and related income decreased compared with the prior year , predominantly due to lower net production revenue driven by lower volumes due to higher mortgage interest rates , and tighter margins .the decline in net production revenue was partially offset by a lower loss on the risk management of mortgage servicing rights ( 201cmsrs 201d ) .card income was relatively flat compared with the prior year , but included higher net interchange income due to growth in credit and debit card sales volume , offset by higher amortization of new account origination costs .other income decreased from the prior year , predominantly from the absence of two significant items recorded in corporate in 2013 : gains of $ 1.3 billion and $ 493 million from sales of visa shares and one chase manhattan plaza , respectively .lower valuations of seed capital investments in am and losses related to the exit of non-core portfolios in card also contributed to the decrease .these items were partially offset by higher auto lease income as a result of growth in auto lease volume , and a benefit from a tax settlement .net interest income increased slightly from the prior year , predominantly reflecting higher yields on investment securities , the impact of lower interest expense from lower rates , and higher average loan balances .the increase was partially offset by lower yields on loans due to the run-off of higher-yielding loans and new originations of lower-yielding loans , and lower average interest-earning trading asset balances .the firm 2019s average interest-earning assets were $ 2.0 trillion , and the net interest yield on these assets , on a fte basis , was 2.18% ( 2.18 % ) , a decrease of 5 basis points from the prior year .provision for credit losses year ended december 31 .
[['( in millions )', '2015', '2014', '2013'], ['consumer excluding credit card', '$ -81 ( 81 )', '$ 419', '$ -1871 ( 1871 )'], ['credit card', '3122', '3079', '2179'], ['total consumer', '3041', '3498', '308'], ['wholesale', '786', '-359 ( 359 )', '-83 ( 83 )'], ['total provision for credit losses', '$ 3827', '$ 3139', '$ 225']]
2015 compared with 2014 the provision for credit losses increased from the prior year as a result of an increase in the wholesale provision , largely reflecting the impact of downgrades in the oil & gas portfolio .the increase was partially offset by a decrease in the consumer provision , reflecting lower net charge-offs due to continued discipline in credit underwriting , as well as improvement in the economy driven by increasing home prices and lower unemployment levels .the increase was partially offset by a lower reduction in the allowance for loan losses .for a more detailed discussion of the credit portfolio and the allowance for credit losses , see the segment discussions of ccb on pages 85 201393 , cb on pages 99 2013101 , and the allowance for credit losses on pages 130 2013132 .2014 compared with 2013 the provision for credit losses increased by $ 2.9 billion from the prior year as result of a lower benefit from reductions in the consumer allowance for loan losses , partially offset by lower net charge-offs .the consumer allowance reduction in 2014 was primarily related to the consumer , excluding credit card , portfolio and reflected the continued improvement in home prices and delinquencies in the residential real estate portfolio .the wholesale provision reflected a continued favorable credit environment. .
|
how much of the provision was for non-consumer credit losses?
|
20.5%
|
{
"answer": "20.5%",
"decimal": 0.205,
"type": "percentage"
}
| |
humana inc .notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 .cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively .total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 .we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years .restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant .compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant .the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively .activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value .
[['', 'shares', 'weighted average grant-date fair value'], ['nonvested restricted stock at december 31 2006', '1107455', '$ 45.86'], ['granted', '852353', '63.59'], ['vested', '-51206 ( 51206 )', '56.93'], ['forfeited', '-63624 ( 63624 )', '49.65'], ['nonvested restricted stock at december 31 2007', '1844978', '$ 53.61']]
the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively .total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 .we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years .there are no other contractual terms covering restricted stock awards once vested. .
|
considering the years 2005-2007 , what is the average fair value of shares vested , in millions?
|
2.1
|
{
"answer": "2.1",
"decimal": 2.1,
"type": "float"
}
|
it is the sum of all values divided by three .
|
cash and a commitment to fund the capital needs of the business until such time as its cumulative funding is equal to funding that we have provided from inception through the effective date of the transaction .the transaction created a new joint venture which does business as comercia global payments brazil .as a result of the transaction , we deconsolidated global payments brazil , and we apply the equity method of accounting to our retained interest in comercia global payments brazil .we recorded a gain on the transaction of $ 2.1 million which is included in interest and other income in the consolidated statement of income for the fiscal year ended may 31 , 2014 .the results of the brazil operation from inception until the restructuring into a joint venture on september 30 , 2013 were not material to our consolidated results of operations , and the assets and liabilities that we derecognized were not material to our consolidated balance sheet .american express portfolio on october 24 , 2013 , we acquired a merchant portfolio in the czech republic from american express limited for $ 1.9 million .the acquired assets have been classified as customer-related intangible assets and contract-based intangible assets with estimated amortization periods of 10 years .paypros on march 4 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of payment processing , inc .( 201cpaypros 201d ) for $ 420.0 million in cash plus $ 7.7 million in cash for working capital , subject to adjustment based on a final determination of working capital .we funded the acquisition with a combination of cash on hand and proceeds from our new term loan .paypros , based in california , is a provider of fully-integrated payment solutions for small-to-medium sized merchants in the united states .paypros delivers its products and services through a network of technology-based enterprise software partners to vertical markets that are complementary to the markets served by accelerated payment technologies ( 201capt 201d ) , which we acquired in october 2012 .we acquired paypros to expand our direct distribution capabilities in the united states and to further enhance our existing integrated solutions offerings .this acquisition was recorded as a business combination , and the purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values .due to the timing of this transaction , the allocation of the purchase price is preliminary pending final valuation of intangible assets and deferred income taxes as well as resolution of the working capital settlement discussed above .the purchase price of paypros was determined by analyzing the historical and prospective financial statements .acquisition costs associated with this purchase were not material .the following table summarizes the preliminary purchase price allocation ( in thousands ) : .
[['goodwill', '$ 271577'], ['customer-related intangible assets', '147500'], ['contract-based intangible assets', '31000'], ['acquired technology', '10700'], ['fixed assets', '1680'], ['other assets', '4230'], ['total assets acquired', '466687'], ['deferred income taxes', '-38949 ( 38949 )'], ['net assets acquired', '$ 427738']]
the preliminary purchase price allocation resulted in goodwill , included in the north america merchant services segment , of $ 271.6 million .such goodwill is attributable primarily to synergies with the services offered and markets served by paypros .the goodwill associated with the acquisition is not deductible for tax purposes .the customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years .the acquired technology has an estimated amortization period of 7 years. .
|
what percent of assets for the acquisition of paypros was deductible for taxes?
|
40.5%
|
{
"answer": "40.5%",
"decimal": 0.405,
"type": "percentage"
}
|
to find the percentage of assets that are tax deductible one will nee to added all the intangible assets and technology acquisitions . then they will divide that answer by the total amount of assets .
|
entergy new orleans , inc .management's financial discussion and analysis 2007 compared to 2006 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 .following is an analysis of the change in net revenue comparing 2007 to 2006 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2006 net revenue', '$ 192.2'], ['fuel recovery', '42.6'], ['volume/weather', '25.6'], ['rider revenue', '8.5'], ['net wholesale revenue', '-41.2 ( 41.2 )'], ['other', '3.3'], ['2007 net revenue', '$ 231.0']]
the fuel recovery variance is due to the inclusion of grand gulf costs in fuel recoveries effective july 1 , 2006 .in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) .the volume/weather variance is due to an increase in electricity usage in the service territory in 2007 compared to the same period in 2006 .the first quarter 2006 was affected by customer losses following hurricane katrina .entergy new orleans estimates that approximately 132000 electric customers and 86000 gas customers have returned and are taking service as of december 31 , 2007 , compared to approximately 95000 electric customers and 65000 gas customers as of december 31 , 2006 .billed retail electricity usage increased a total of 540 gwh compared to the same period in 2006 , an increase of 14% ( 14 % ) .the rider revenue variance is due primarily to a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 .the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account .the settlement agreement is discussed in note 2 to the financial statements .the net wholesale revenue variance is due to more energy available for resale in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina .in addition , 2006 revenue includes the sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand other income statement variances 2008 compared to 2007 other operation and maintenance expenses decreased primarily due to : a provision for storm-related bad debts of $ 11 million recorded in 2007 ; a decrease of $ 6.2 million in legal and professional fees ; a decrease of $ 3.4 million in employee benefit expenses ; and a decrease of $ 1.9 million in gas operations spending due to higher labor and material costs for reliability work in 2007. .
|
what is the growth rate in net revenue in 2007 compare to 2006 for entergy new orleans , inc.?
|
20.2%
|
{
"answer": "20.2%",
"decimal": 0.20199999999999999,
"type": "percentage"
}
| |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2012 ( in mmboe ) . .
[['', 'u.s .', 'canada', 'total'], ['proved undeveloped reserves as of december 31 2011', '403', '379', '782'], ['extensions and discoveries', '134', '68', '202'], ['revisions due to prices', '-47 ( 47 )', '9', '-38 ( 38 )'], ['revisions other than price', '-10 ( 10 )', '-6 ( 6 )', '-16 ( 16 )'], ['conversion to proved developed reserves', '-73 ( 73 )', '-17 ( 17 )', '-90 ( 90 )'], ['proved undeveloped reserves as of december 31 2012', '407', '433', '840']]
at december 31 , 2012 , devon had 840 mmboe of proved undeveloped reserves .this represents a 7 percent increase as compared to 2011 and represents 28 percent of its total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 203 mmboe and resulted in the conversion of 90 mmboe , or 12 percent , of the 2011 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.3 billion for 2012 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 16 mmboe primarily due to its evaluation of certain u.s .onshore dry-gas areas , which it does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2012 largely related to its jackfish operations .at december 31 , 2012 and 2011 , devon 2019s jackfish proved undeveloped reserves were 429 mmboe and 367 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2012 - reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 - reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .2010 - reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .revisions other than price total revisions other than price for 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .total revisions other than price for 2010 primarily related to devon 2019s drilling and development in the barnett shale. .
|
what was the percent of the proved undeveloped reserves as of december 31 2011 in the us
|
51.5%
|
{
"answer": "51.5%",
"decimal": 0.515,
"type": "percentage"
}
| |
conduit assets by asset origin .
[['( dollars in billions )', '2008 amount', '2008 percent of total conduit assets', '2008 amount', 'percent of total conduit assets'], ['united states', '$ 11.09', '46% ( 46 % )', '$ 12.14', '42% ( 42 % )'], ['australia', '4.30', '17', '6.10', '21'], ['great britain', '1.97', '8', '2.93', '10'], ['spain', '1.71', '7', '1.90', '7'], ['italy', '1.66', '7', '1.86', '7'], ['portugal', '0.62', '3', '0.70', '2'], ['germany', '0.57', '3', '0.70', '2'], ['netherlands', '0.40', '2', '0.55', '2'], ['belgium', '0.29', '1', '0.31', '1'], ['greece', '0.27', '1', '0.31', '1'], ['other', '1.01', '5', '1.26', '5'], ['total conduit assets', '$ 23.89', '100% ( 100 % )', '$ 28.76', '100% ( 100 % )']]
the conduits meet the definition of a vie , as defined by fin 46 ( r ) .we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements .we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements .standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively .liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market .the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively .we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 .during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets .the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets .the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value .accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition .none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 .the conduits generally sell commercial paper to independent third-party investors .however , we sometimes purchase commercial paper from the conduits .as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 .in addition , approximately $ 5.70 billion of u.s .conduit-issued commercial paper had been sold to the cpff .the cpff is scheduled to expire on october 31 , 2009 .the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 .each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk .aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 .actual credit losses of the conduits .
|
what is the percentage change in conduit assets in unites states from 2007 to 2008?
|
-8.6%
|
{
"answer": "-8.6%",
"decimal": -0.086,
"type": "percentage"
}
| |
31mar201122064257 notes to consolidated financial statements ( continued ) 10 .income taxes ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .
[['balance at october 2 2009', '$ 8859'], ['increases based on positions related to prior years', '437'], ['increases based on positions related to current year', '11221'], ['decreases relating to settlements with taxing authorities', '2014'], ['decreases relating to lapses of applicable statutes of limitations', '-617 ( 617 )'], ['balance at october 1 2010', '$ 19900']]
the company 2019s major tax jurisdictions as of october 1 , 2010 are the united states , california , and iowa .for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes .for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes .during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized .the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense .the company did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 .11 .stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .no holder of common stock is entitled to cumulate votes in voting for directors .the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements .the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 .as of november 29 , 2010 , the skyworks / 2010 annual report 137 .
|
what was the percentage change in the gross unrecognized tax benefits in 2010
|
125%
|
{
"answer": "125%",
"decimal": 1.25,
"type": "percentage"
}
| |
6feb201418202649 performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 2018 2018s&p 500 index 2019 2019 ) , ( ii ) the standard & poor 2019s industrials index ( 2018 2018s&p industrials index 2019 2019 ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 2018 2018s&p consumer durables & apparel index 2019 2019 ) , from december 31 , 2008 through december 31 , 2013 , when the closing price of our common stock was $ 22.77 .the graph assumes investments of $ 100 on december 31 , 2008 in our common stock and in each of the three indices and the reinvestment of dividends .$ 350.00 $ 300.00 $ 250.00 $ 200.00 $ 150.00 $ 100.00 $ 50.00 performance graph .
[['', '2009', '2010', '2011', '2012', '2013'], ['masco', '$ 128.21', '$ 120.32', '$ 102.45', '$ 165.80', '$ 229.59'], ['s&p 500 index', '$ 125.92', '$ 144.58', '$ 147.60', '$ 171.04', '$ 225.85'], ['s&p industrials index', '$ 120.19', '$ 151.89', '$ 150.97', '$ 173.87', '$ 243.73'], ['s&p consumer durables & apparel index', '$ 136.29', '$ 177.91', '$ 191.64', '$ 232.84', '$ 316.28']]
in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .at december 31 , 2013 , we had remaining authorization to repurchase up to 22.6 million shares .during the first quarter of 2013 , we repurchased and retired 1.7 million shares of our common stock , for cash aggregating $ 35 million to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards .we have not purchased any shares since march 2013. .
|
what was the difference in percentage cumulative total shareholder return on masco common stock versus the s&p 500 index for the five year period ended 2013?
|
3.74%
|
{
"answer": "3.74%",
"decimal": 0.0374,
"type": "percentage"
}
| |
jpmorgan chase & co./2012 annual report 103 2011 compared with 2010 net income was $ 822 million , compared with $ 1.3 billion in the prior year .private equity reported net income of $ 391 million , compared with $ 588 million in the prior year .net revenue was $ 836 million , a decrease of $ 403 million , primarily related to net write-downs on private investments and the absence of prior year gains on sales .noninterest expense was $ 238 million , a decrease of $ 85 million from the prior treasury and cio reported net income of $ 1.3 billion , compared with net income of $ 3.6 billion in the prior year .net revenue was $ 3.2 billion , including $ 1.4 billion of security gains .net interest income in 2011 was lower compared with 2010 , primarily driven by repositioning of the investment securities portfolio and lower funding benefits from financing the portfolio .other corporate reported a net loss of $ 918 million , compared with a net loss of $ 2.9 billion in the prior year .net revenue was $ 103 million , compared with a net loss of $ 467 million in the prior year .noninterest expense was $ 2.9 billion which included $ 3.2 billion of additional litigation reserves , predominantly for mortgage-related matters .noninterest expense in the prior year was $ 5.5 billion which included $ 5.7 billion of additional litigation reserves .treasury and cio overview treasury and cio are predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital and structural interest rate and foreign exchange risks .the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities .treasury is responsible for , among other functions , funds transfer pricing .funds transfer pricing is used to transfer structural interest rate risk and foreign exchange risk of the firm to treasury and cio and allocate interest income and expense to each business based on market rates .cio , through its management of the investment portfolio , generates net interest income to pay the lines of business market rates .any variance ( whether positive or negative ) between amounts generated by cio through its investment portfolio activities and amounts paid to or received by the lines of business are retained by cio , and are not reflected in line of business segment results .treasury and cio activities operate in support of the overall firm .cio achieves the firm 2019s asset-liability management objectives generally by investing in high-quality securities that are managed for the longer-term as part of the firm 2019s afs investment portfolio .unrealized gains and losses on securities held in the afs portfolio are recorded in other comprehensive income .for further information about securities in the afs portfolio , see note 3 and note 12 on pages 196 2013214 and 244 2013248 , respectively , of this annual report .cio also uses securities that are not classified within the afs portfolio , as well as derivatives , to meet the firm 2019s asset-liability management objectives .securities not classified within the afs portfolio are recorded in trading assets and liabilities ; realized and unrealized gains and losses on such securities are recorded in the principal transactions revenue line in the consolidated statements of income .for further information about securities included in trading assets and liabilities , see note 3 on pages 196 2013214 of this annual report .derivatives used by cio are also classified as trading assets and liabilities .for further information on derivatives , including the classification of realized and unrealized gains and losses , see note 6 on pages 218 2013227 of this annual report .cio 2019s afs portfolio consists of u.s .and non-u.s .government securities , agency and non-agency mortgage-backed securities , other asset-backed securities and corporate and municipal debt securities .treasury 2019s afs portfolio consists of u.s .and non-u.s .government securities and corporate debt securities .at december 31 , 2012 , the total treasury and cio afs portfolios were $ 344.1 billion and $ 21.3 billion , respectively ; the average credit rating of the securities comprising the treasury and cio afs portfolios was aa+ ( based upon external ratings where available and where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .see note 12 on pages 244 2013248 of this annual report for further information on the details of the firm 2019s afs portfolio .for further information on liquidity and funding risk , see liquidity risk management on pages 127 2013133 of this annual report .for information on interest rate , foreign exchange and other risks , and cio var and the firm 2019s nontrading interest rate-sensitive revenue at risk , see market risk management on pages 163 2013169 of this annual report .selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2012 2011 2010 securities gains ( a ) $ 2028 $ 1385 $ 2897 investment securities portfolio ( average ) 358029 330885 323673 investment securities portfolio ( period 2013end ) 365421 355605 310801 .
[['as of or for the year ended december 31 ( in millions )', '2012', '2011', '2010'], ['securities gains ( a )', '$ 2028', '$ 1385', '$ 2897'], ['investment securities portfolio ( average )', '358029', '330885', '323673'], ['investment securities portfolio ( period 2013end )', '365421', '355605', '310801'], ['mortgage loans ( average )', '10241', '13006', '9004'], ['mortgage loans ( period-end )', '7037', '13375', '10739']]
( a ) reflects repositioning of the investment securities portfolio. .
|
what was the year over year change in the change in litigation reserves , in billions?
|
2.5
|
{
"answer": "2.5",
"decimal": 2.5,
"type": "float"
}
| |
page 77 of 100 ball corporation and subsidiaries notes to consolidated financial statements 18 .financial instruments and risk management ( continued ) the following table provides the effects of derivative instruments in the consolidated statement of earnings and on accumulated other comprehensive earnings ( loss ) for the year ended december 31: .
[['( $ in millions )', '2010 cash flow hedge 2013 reclassified amount from other comprehensive earnings ( loss ) 2013 gain ( loss )', '2010 gain ( loss ) on derivatives not designated as hedge instruments', '2010 cash flow hedge 2013 reclassified amount from other comprehensive earnings ( loss ) 2013 gain ( loss )', 'gain ( loss ) on derivatives not designated as hedge instruments'], ['commodity contracts ( a )', '$ -6.4 ( 6.4 )', '$ -0.3 ( 0.3 )', '$ -96.4 ( 96.4 )', '$ -5.1 ( 5.1 )'], ['interest rate contracts ( b )', '-4.9 ( 4.9 )', '2212', '-8.1 ( 8.1 )', '2212'], ['inflation option contracts ( c )', '2013', '-0.9 ( 0.9 )', '2013', '-0.1 ( 0.1 )'], ['foreign exchange contracts ( d )', '-2.3 ( 2.3 )', '0.7', '0.7', '6.5'], ['equity contracts ( e )', '2013', '2013', '2013', '3.2'], ['total', '$ -13.6 ( 13.6 )', '$ -0.5 ( 0.5 )', '$ -103.8 ( 103.8 )', '$ 4.5']]
( a ) gains and losses on commodity contracts are recorded in sales and cost of sales in the statement of earnings .virtually all these expenses were passed through to our customers , resulting in no significant impact to earnings .( b ) losses on interest contracts are recorded in interest expense in the statement of earnings .( c ) gains and losses on inflation options are recorded in cost of sales in the statement of earnings .( d ) gains and losses on foreign currency contracts to hedge the sales of products are recorded in cost of sales .gains and losses on foreign currency hedges used for translation between segments are reflected in selling , general and administrative expenses in the consolidated statement of earnings .( e ) gains and losses on equity put option contracts are recorded in selling , general and administrative expenses in the consolidated statement of earnings. .
|
for 2010 , foreign exchange contracts were what portion of the reclassification to ordinary income?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
table of contents cdw corporation and subsidiaries method or straight-line method , as applicable .the company classifies deferred financing costs as a direct deduction from the carrying value of the long-term debt liability on the consolidated balance sheets , except for deferred financing costs associated with revolving credit facilities which are presented as an asset , within other assets on the consolidated balance sheets .derivative instruments the company has interest rate cap agreements for the purpose of hedging its exposure to fluctuations in interest rates .the interest rate cap agreements are designated as cash flow hedges of interest rate risk and recorded at fair value in other assets on the consolidated balance sheets .the gain or loss on the derivative instruments is reported as a component of accumulated other comprehensive loss until reclassified to interest expense in the same period the hedge transaction affects earnings .fair value measurements fair value is defined under gaap as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date .a fair value hierarchy has been established for valuation inputs to prioritize the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market .each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety .these levels are : level 1 2013 observable inputs such as quoted prices for identical instruments traded in active markets .level 2 2013 inputs are based on quoted prices for similar instruments in active markets , quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities .level 3 2013 inputs are generally unobservable and typically reflect management 2019s estimates of assumptions that market participants would use in pricing the asset or liability .the fair values are therefore determined using model-based techniques that include option pricing models , discounted cash flow models and similar techniques .accumulated other comprehensive loss the components of accumulated other comprehensive loss included in stockholders 2019 equity are as follows: .
[['( in millions )', 'years ended december 31 , 2017', 'years ended december 31 , 2016', 'years ended december 31 , 2015'], ['foreign currency translation', '$ -96.1 ( 96.1 )', '$ -139.6 ( 139.6 )', '$ -61.1 ( 61.1 )'], ['unrealized gain from hedge accounting', '0.2', '2014', '2014'], ['accumulated other comprehensive loss', '$ -95.9 ( 95.9 )', '$ -139.6 ( 139.6 )', '$ -61.1 ( 61.1 )']]
revenue recognition the company is a primary distribution channel for a large group of vendors and suppliers , including original equipment manufacturers ( 201coems 201d ) , software publishers , wholesale distributors and cloud providers .the company records revenue from sales transactions when title and risk of loss are passed to the customer , there is persuasive evidence of an arrangement for sale , delivery has occurred and/or services have been rendered , the sales price is fixed or determinable , and collectability is reasonably assured .the company 2019s shipping terms typically specify f.o.b .destination , at which time title and risk of loss have passed to the customer .revenues from the sales of hardware products and software licenses are generally recognized on a gross basis with the selling price to the customer recorded as sales and the acquisition cost of the product recorded as cost of sales .these items can be delivered to customers in a variety of ways , including ( i ) as physical product shipped from the company 2019s warehouse , ( ii ) via drop-shipment by the vendor or supplier , or ( iii ) via electronic delivery for software licenses .at the time of sale , the company records an estimate for sales returns and allowances based on historical experience .the company 2019s vendor partners warrant most of the products the company sells .the company leverages drop-shipment arrangements with many of its vendors and suppliers to deliver products to its customers without having to physically hold the inventory at its warehouses , thereby increasing efficiency and reducing .
|
in millions , what was the average loss from foreign currency translation from 2015-2017?
|
( 98.9 )
|
{
"answer": "( 98.9 )",
"decimal": 98.9,
"type": "open_ended_answer"
}
|
add all losses from foreign transactions and divide by the total number of years to get the average .
|
"three factor formula" ) .the consolidated financial statements include northrop grumman management and support services allocations totaling $ 32 million for the year ended december 31 , 2011 .shared services and infrastructure costs - this category includes costs for functions such as information technology support , systems maintenance , telecommunications , procurement and other shared services while hii was a subsidiary of northrop grumman .these costs were generally allocated to the company using the three factor formula or based on usage .the consolidated financial statements reflect shared services and infrastructure costs allocations totaling $ 80 million for the year ended december 31 , 2011 .northrop grumman-provided benefits - this category includes costs for group medical , dental and vision insurance , 401 ( k ) savings plan , pension and postretirement benefits , incentive compensation and other benefits .these costs were generally allocated to the company based on specific identification of the benefits provided to company employees participating in these benefit plans .the consolidated financial statements include northrop grumman- provided benefits allocations totaling $ 169 million for the year ended december 31 , 2011 .management believes that the methods of allocating these costs are reasonable , consistent with past practices , and in conformity with cost allocation requirements of cas or the far .related party sales and cost of sales prior to the spin-off , hii purchased and sold certain products and services from and to other northrop grumman entities .purchases of products and services from these affiliated entities , which were recorded at cost , were $ 44 million for the year ended december 31 , 2011 .sales of products and services to these entities were $ 1 million for the year ended december 31 , 2011 .former parent's equity in unit transactions between hii and northrop grumman prior to the spin-off have been included in the consolidated financial statements and were effectively settled for cash at the time the transaction was recorded .the net effect of the settlement of these transactions is reflected as former parent's equity in unit in the consolidated statement of changes in equity .21 .unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2013 and 2012 , are set forth in the following tables: .
[['( $ in millions except per share amounts )', 'year ended december 31 2013 1st qtr', 'year ended december 31 2013 2nd qtr', 'year ended december 31 2013 3rd qtr', 'year ended december 31 2013 4th qtr'], ['sales and service revenues', '$ 1562', '$ 1683', '$ 1637', '$ 1938'], ['operating income ( loss )', '95', '116', '127', '174'], ['earnings ( loss ) before income taxes', '65', '87', '99', '143'], ['net earnings ( loss )', '44', '57', '69', '91'], ['dividends declared per share', '$ 0.10', '$ 0.10', '$ 0.10', '$ 0.20'], ['basic earnings ( loss ) per share', '$ 0.88', '$ 1.14', '$ 1.38', '$ 1.86'], ['diluted earnings ( loss ) per share', '$ 0.87', '$ 1.12', '$ 1.36', '$ 1.82']]
.
|
what were the total net earnings year ended december 31 2013 in millions
|
261
|
{
"answer": "261",
"decimal": 261,
"type": "float"
}
|
the total net earnings for the year is the sum of the quarterly earnings
|
table of contents celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2017 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 2017', '10676', '$ 104.10', '2014', '$ 1531000000'], ['november 1 - 30 2017', '924', '$ 104.02', '2014', '$ 1531000000'], ['december 1 - 31 2017', '38605', '$ 106.36', '2014', '$ 1531000000'], ['total', '50205', '', '2014', '']]
___________________________ ( 1 ) represents 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 $ 3.9 billion of our common stock since february 2008 , including an increase of $ 1.5 billion on july 17 , 2017 .see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information. .
|
what is the total authorized the aggregate repurchase of common stock since february 2008 including the additional amount authorized in 2017 in billions
|
5.3
|
{
"answer": "5.3",
"decimal": 5.3,
"type": "float"
}
|
the total amount is the sum of the amounts
|
capital asset purchases associated with the retail segment were $ 294 million in 2007 , bringing the total capital asset purchases since inception of the retail segment to $ 1.0 billion .as of september 29 , 2007 , the retail segment had approximately 7900 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $ 1.1 billion .the company would incur substantial costs if it were to close multiple retail stores .such costs could adversely affect the company 2019s financial condition and operating results .other segments the company 2019s other segments , which consists of its asia pacific and filemaker operations , experienced an increase in net sales of $ 406 million , or 30% ( 30 % ) during 2007 compared to 2006 .this increase related primarily to a 58% ( 58 % ) increase in sales of mac portable products and strong ipod sales in the company 2019s asia pacific region .during 2006 , net sales in other segments increased 35% ( 35 % ) compared to 2005 primarily due to an increase in sales of ipod and mac portable products .strong sales growth was a result of the introduction of the updated ipods featuring video-playing capabilities and the new intel-based mac portable products that translated to a 16% ( 16 % ) increase in mac unit sales during 2006 compared to 2005 .gross margin gross margin for each of the last three fiscal years are as follows ( in millions , except gross margin percentages ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
[['', 'september 29 2007', 'september 30 2006', 'september 24 2005'], ['net sales', '$ 24006', '$ 19315', '$ 13931'], ['cost of sales', '15852', '13717', '9889'], ['gross margin', '$ 8154', '$ 5598', '$ 4042'], ['gross margin percentage', '34.0% ( 34.0 % )', '29.0% ( 29.0 % )', '29.0% ( 29.0 % )']]
gross margin percentage of 34.0% ( 34.0 % ) in 2007 increased significantly from 29.0% ( 29.0 % ) in 2006 .the primary drivers of this increase were more favorable costs on certain commodity components , including nand flash memory and dram memory , higher overall revenue that provided for more leverage on fixed production costs and a higher percentage of revenue from the company 2019s direct sales channels .the company anticipates that its gross margin and the gross margins of the personal computer , consumer electronics and mobile communication industries will be subject to pressure due to price competition .the company expects gross margin percentage to decline sequentially in the first quarter of 2008 primarily as a result of the full-quarter impact of product transitions and reduced pricing that were effected in the fourth quarter of 2007 , lower sales of ilife and iwork in their second quarter of availability , seasonally higher component costs , and a higher mix of indirect sales .these factors are expected to be partially offset by higher sales of the company 2019s mac os x operating system due to the introduction of mac os x version 10.5 leopard ( 2018 2018mac os x leopard 2019 2019 ) that became available in october 2007 .the foregoing statements regarding the company 2019s expected gross margin percentage are forward-looking .there can be no assurance that current gross margin percentage will be maintained or targeted gross margin percentage levels will be achieved .in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and a potential shift in the company 2019s sales mix towards products with lower gross margins .in response to these competitive pressures , the company expects it will continue to take pricing actions with respect to its products .gross margins could also be affected by the company 2019s ability to effectively manage product quality and warranty costs and to stimulate .
|
what was the percentage sales change from 2005 to 2006?
|
39%
|
{
"answer": "39%",
"decimal": 0.39,
"type": "percentage"
}
| |
income and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses .deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes .deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect .determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and valuation allowances of $ 21 million and $ 18 million were deemed necessary as of december 31 , 2012 and 2011 , respectively .uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements .we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority .if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return .penalties , if probable and reasonably estimable , are recognized as a component of income tax expense .we also recognize accrued interest related to uncertain tax positions in income tax expense .the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes .see note 11 : income taxes .under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined .cash and cash equivalents - the carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature of these items , having original maturity dates of 90 days or less .accounts receivable - accounts receivable include amounts billed and currently due from customers , amounts currently due but unbilled , certain estimated contract change amounts , claims or requests for equitable adjustment in negotiation that are probable of recovery , and amounts retained by the customer pending contract completion .inventoried costs - inventoried costs primarily relate to work in process under contracts that recognize revenues using labor dollars or units of delivery as the basis of the percentage-of-completion calculation .these costs represent accumulated contract costs less cost of sales , as calculated using the percentage-of-completion method .accumulated contract costs include direct production costs , factory and engineering overhead , production tooling costs , and , for government contracts , allowable general and administrative expenses .according to the provisions of the company's u.s .government contracts , the customer asserts title to , or a security interest in , inventories related to such contracts as a result of contract advances , performance-based payments , and progress payments .in accordance with industry practice , inventoried costs are classified as a current asset and include amounts related to contracts having production cycles longer than one year .inventoried costs also include company owned raw materials , which are stated at the lower of cost or market , generally using the average cost method .property , plant , and equipment - depreciable properties owned by the company are recorded at cost and depreciated over the estimated useful lives of individual assets .costs incurred for computer software developed or obtained for internal use are capitalized and amortized over the expected useful life of the software , not to exceed nine years .leasehold improvements are amortized over the shorter of their useful lives or the term of the lease .the remaining assets are depreciated using the straight-line method , with the following lives: .
[['land improvements', 'years 3', 'years -', 'years 45'], ['buildings and improvements', '3', '-', '60'], ['capitalized software costs', '3', '-', '9'], ['machinery and other equipment', '2', '-', '45']]
the company evaluates the recoverability of its property , plant and equipment when there are changes in economic circumstances or business objectives that indicate the carrying value may not be recoverable .the company's evaluations include estimated future cash flows , profitability and other factors in determining fair value .as these assumptions and estimates may change over time , it may or may not be necessary to record impairment charges. .
|
wha is the percentage change in the valuation allowance from 2011 to 2012?
|
16.7%
|
{
"answer": "16.7%",
"decimal": 0.16699999999999998,
"type": "percentage"
}
| |
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 s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .
[['', 'september 30 2006', 'september 30 2007', 'september 30 2008', 'september 30 2009', 'september 30 2010', 'september 30 2011'], ['apple inc .', '$ 100', '$ 199', '$ 148', '$ 241', '$ 369', '$ 495'], ['s&p 500', '$ 100', '$ 116', '$ 91', '$ 85', '$ 93', '$ 94'], ['s&p computer hardware', '$ 100', '$ 148', '$ 124', '$ 147', '$ 174', '$ 197'], ['dow jones us technology', '$ 100', '$ 123', '$ 94', '$ 104', '$ 117', '$ 120']]
.
|
did apple achieve a greater return in the year ended sept . 30 2008 than the s&p 500?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
2022 level and volatility of interest or capitalization rates or capital market conditions ; 2022 loss of hedge accounting treatment for interest rate swaps ; 2022 the continuation of the good credit of our interest rate swap providers ; 2022 price volatility , dislocations and liquidity disruptions in the financial markets and the resulting impact on financing ; 2022 the effect of any rating agency actions on the cost and availability of new debt financing ; 2022 significant decline in market value of real estate serving as collateral for mortgage obligations ; 2022 significant change in the mortgage financing market that would cause single-family housing , either as an owned or rental product , to become a more significant competitive product ; 2022 our ability to continue to satisfy complex rules in order to maintain our status as a reit for federal income tax purposes , the ability of the operating partnership to satisfy the rules to maintain its status as a partnership for federal income tax purposes , the ability of our taxable reit subsidiaries to maintain their status as such for federal income tax purposes , and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules ; 2022 inability to attract and retain qualified personnel ; 2022 cyber liability or potential liability for breaches of our privacy or information security systems ; 2022 potential liability for environmental contamination ; 2022 adverse legislative or regulatory tax changes ; 2022 legal proceedings relating to various issues , which , among other things , could result in a class action lawsuit ; 2022 compliance costs associated with laws requiring access for disabled persons ; and 2022 other risks identified in this annual report on form 10-k including under the caption "item 1a .risk factors" and , from time to time , in other reports we file with the securities and exchange commission , or the sec , or in other documents that we publicly disseminate .new factors may also emerge from time to time that could have a material adverse effect on our business .except as required by law , we undertake no obligation to publicly update or revise forward-looking statements contained in this annual report on form 10-k to reflect events , circumstances or changes in expectations after the date on which this annual report on form 10-k is filed .item 1 .business .overview maa is a multifamily focused , self-administered and self-managed real estate investment trust , or reit .we own , operate , acquire and selectively develop apartment communities located in the southeast , southwest and mid-atlantic regions of the united states .as of december 31 , 2018 , we maintained full or partial ownership of apartment communities and commercial properties across 17 states and the district of columbia , summarized as follows: .
[['multifamily', 'communities', 'units'], ['consolidated', '303', '100595'], ['unconsolidated', '1', '269'], ['total', '304', '100864'], ['commercial', 'properties', 'sq . ft. ( 1 )'], ['consolidated', '4', '260000']]
( 1 ) excludes commercial space located at our multifamily apartment communities , which totals approximately 615000 square feet of gross leasable space .our business is conducted principally through the operating partnership .maa is the sole general partner of the operating partnership , holding 113844267 op units , comprising a 96.5% ( 96.5 % ) partnership interest in the operating partnership as of december 31 , 2018 .maa and maalp were formed in tennessee in 1993 .as of december 31 , 2018 , we had 2508 full- time employees and 44 part-time employees. .
|
as of december 2018 what was the ratio of the commercial units to multi family consolidated units
|
2.59
|
{
"answer": "2.59",
"decimal": 2.59,
"type": "float"
}
|
as of december 2018 there was 2.59 commercial units for each multi family consolidated units
|
the company granted 1020 performance shares .the vesting of these shares is contingent on meeting stated goals over a performance period .beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .the following table summarizes restricted stock and performance shares activity for 2010 : number of shares weighted average grant date fair value .
[['', 'number of shares', 'weighted average grant date fair value'], ['outstanding at december 31 2009', '116677', '$ 280'], ['granted', '134245', '275'], ['vested', '-34630 ( 34630 )', '257'], ['cancelled', '-19830 ( 19830 )', '260'], ['outstanding at december 31 2010', '196462', '283']]
the total fair value of restricted stock that vested during the years ended december 31 , 2010 , 2009 and 2008 , was $ 10.3 million , $ 6.2 million and $ 2.5 million , respectively .eligible employees may acquire shares of cme group 2019s class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq .compensation expense is recognized on the dates of purchase for the discount from the closing price .in 2010 , 2009 and 2008 , a total of 4371 , 4402 and 5600 shares , respectively , of class a common stock were issued to participating employees .these shares are subject to a six-month holding period .annual expense of $ 0.1 million for the purchase discount was recognized in 2010 , 2009 and 2008 , respectively .non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .as a result , 7470 , 11674 and 5509 shares of class a common stock were issued to non-executive directors during 2010 , 2009 and 2008 , respectively .these shares are not subject to any vesting restrictions .expense of $ 2.4 million , $ 2.5 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2010 , 2009 and 2008 , respectively. .
|
based on the summary of the restricted stock and performance shares activity for 2010 what was percentage change in the number of shares outstanding
|
68.4%
|
{
"answer": "68.4%",
"decimal": 0.684,
"type": "percentage"
}
| |
table of contents 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 .the lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which u.s .income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the u.s .as of september 25 , 2010 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.4 billion , and deferred tax liabilities of $ 5.0 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 .during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 .in addition , the company is subject to audits by state , local , and foreign tax authorities .management believes that adequate provision has 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 three years ended september 25 , 2010 ( in millions ) : as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities , an increase of $ 17 billion from september 26 , 2009 .the principal component of this net increase was the cash generated by operating activities of $ 18.6 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 638 million .the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities , generally with a minimum rating of single-a or equivalent .as of september 25 , 2010 and september 26 , 2009 , $ 30.8 billion and $ 17.4 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 .the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. .
[['', '2010', '2009', '2008'], ['cash cash equivalents and marketable securities', '$ 51011', '$ 33992', '$ 24490'], ['accounts receivable net', '$ 5510', '$ 3361', '$ 2422'], ['inventories', '$ 1051', '$ 455', '$ 509'], ['working capital', '$ 20956', '$ 20049', '$ 18645'], ['annual operating cash flow', '$ 18595', '$ 10159', '$ 9596']]
.
|
how much did cash cash equivalents and marketable securities increase from 2008 to 2010?
|
108.3%
|
{
"answer": "108.3%",
"decimal": 1.083,
"type": "percentage"
}
| |
table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : .
[['2016', '$ 772'], ['2017', '774'], ['2018', '744'], ['2019', '715'], ['2020', '674'], ['thereafter', '2592'], ['total', '$ 6271']]
other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
|
what was total rent expense under all operating leases , including both cancelable and noncancelable leases , in millions , in 2015 , 2014 and 2013?
|
2156
|
{
"answer": "2156",
"decimal": 2156,
"type": "float"
}
| |
item 7a .quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .the majority of our debt ( approximately 94% ( 94 % ) and 93% ( 93 % ) as of december 31 , 2017 and 2016 , respectively ) bears interest at fixed rates .we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .
[['as of december 31,', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates', 'increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates'], ['2017', '$ -20.2 ( 20.2 )', '$ 20.6'], ['2016', '-26.3 ( 26.3 )', '26.9']]
we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .we did not have any interest rate swaps outstanding as of december 31 , 2017 .we had $ 791.0 of cash , cash equivalents and marketable securities as of december 31 , 2017 that we generally invest in conservative , short-term bank deposits or securities .the interest income generated from these investments is subject to both domestic and foreign interest rate movements .during 2017 and 2016 , we had interest income of $ 19.4 and $ 20.1 , respectively .based on our 2017 results , a 100 basis-point increase or decrease in interest rates would affect our interest income by approximately $ 7.9 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2017 levels .foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .since we report revenues and expenses in u.s .dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .dollars ) from foreign operations .the foreign currencies that most impacted our results during 2017 included the british pound sterling and , to a lesser extent , brazilian real and south african rand .based on 2017 exchange rates and operating results , if the u.s .dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2017 levels .the functional currency of our foreign operations is generally their respective local currency .assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .however , certain subsidiaries may enter into transactions in currencies other than their functional currency .assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .
|
what is the mathematical range in 2017 for 10% ( 10 % ) increase and 10% ( 10 % ) decrease in interest rate?
|
40.8
|
{
"answer": "40.8",
"decimal": 40.8,
"type": "float"
}
| |
mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) note 17 .commitments at december 31 , 2008 , the company had the following future minimum payments due under non-cancelable agreements : capital leases operating leases sponsorship , licensing & .
[['', 'total', 'capital leases', 'operating leases', 'sponsorship licensing & other'], ['2009', '$ 372320', '$ 8435', '$ 40327', '$ 323558'], ['2010', '140659', '2758', '18403', '119498'], ['2011', '80823', '1978', '11555', '67290'], ['2012', '50099', '1819', '9271', '39009'], ['2013', '50012', '36837', '7062', '6113'], ['thereafter', '21292', '2014', '19380', '1912'], ['total', '$ 715205', '$ 51827', '$ 105998', '$ 557380']]
included in the table above are capital leases with imputed interest expense of $ 9483 and a net present value of minimum lease payments of $ 42343 .in addition , at december 31 , 2008 , $ 92300 of the future minimum payments in the table above for leases , sponsorship , licensing and other agreements was accrued .consolidated rental expense for the company 2019s office space , which is recognized on a straight line basis over the life of the lease , was approximately $ 42905 , $ 35614 and $ 31467 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .consolidated lease expense for automobiles , computer equipment and office equipment was $ 7694 , $ 7679 and $ 8419 for the years ended december 31 , 2008 , 2007 and 2006 , respectively .in january 2003 , mastercard purchased a building in kansas city , missouri for approximately $ 23572 .the building is a co-processing data center which replaced a back-up data center in lake success , new york .during 2003 , mastercard entered into agreements with the city of kansas city for ( i ) the sale-leaseback of the building and related equipment which totaled $ 36382 and ( ii ) the purchase of municipal bonds for the same amount which have been classified as municipal bonds held-to-maturity .the agreements enabled mastercard to secure state and local financial benefits .no gain or loss was recorded in connection with the agreements .the leaseback has been accounted for as a capital lease as the agreement contains a bargain purchase option at the end of the ten-year lease term on april 1 , 2013 .the building and related equipment are being depreciated over their estimated economic life in accordance with the company 2019s policy .rent of $ 1819 is due annually and is equal to the interest due on the municipal bonds .the future minimum lease payments are $ 45781 and are included in the table above .a portion of the building was subleased to the original building owner for a five-year term with a renewal option .as of december 31 , 2008 , the future minimum sublease rental income is $ 4416 .note 18 .obligations under litigation settlements on october 27 , 2008 , mastercard and visa inc .( 201cvisa 201d ) entered into a settlement agreement ( the 201cdiscover settlement 201d ) with discover financial services , inc .( 201cdiscover 201d ) relating to the u.s .federal antitrust litigation amongst the parties .the discover settlement ended all litigation between the parties for a total of $ 2750000 .in july 2008 , mastercard and visa had entered into a judgment sharing agreement that allocated responsibility for any judgment or settlement of the discover action between the parties .accordingly , the mastercard share of the discover settlement was $ 862500 , which was paid to discover in november 2008 .in addition , in connection with the discover settlement , morgan stanley , discover 2019s former parent company , paid mastercard $ 35000 in november 2008 , pursuant to a separate agreement .the net impact of $ 827500 is included in litigation settlements for the year ended december 31 , 2008. .
|
in 2009 what was the percent of the operating lease to the total
|
10.8%
|
{
"answer": "10.8%",
"decimal": 0.10800000000000001,
"type": "percentage"
}
| |
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) .
[['', '2015', '2014 ( in millions )', '2013'], ['share-based compensation expense', '$ 21.1', '$ 29.8', '$ 18.4'], ['income tax benefit', '$ -6.9 ( 6.9 )', '$ -7.1 ( 7.1 )', '$ -5.6 ( 5.6 )']]
we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
|
what is the effective income tax rate which generated the income tax benefit from the share-based expense in 2015?
|
32.7%
|
{
"answer": "32.7%",
"decimal": 0.327,
"type": "percentage"
}
| |
allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .subject to applicable regulations , we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion .as of december 31 , 2018 , we have repurchased an aggregate of 4510000 shares of common stock under this program .credit facilities and short-term debt we have an unsecured revolving credit facility of $ 2.25 billion that expires in june 2023 .in march 2018 , awcc and its lenders amended and restated the credit agreement with respect to awcc 2019s revolving credit facility to increase the maximum commitments under the facility from $ 1.75 billion to $ 2.25 billion , and to extend the expiration date of the facility from june 2020 to march 2023 .all other terms , conditions and covenants with respect to the existing facility remained unchanged .subject to satisfying certain conditions , the credit agreement also permits awcc to increase the maximum commitment under the facility by up to an aggregate of $ 500 million , and to request extensions of its expiration date for up to two , one-year periods .interest rates on advances under the facility are based on a credit spread to the libor rate or base rate in accordance with moody investors service 2019s and standard & poor 2019s financial services 2019 then applicable credit rating on awcc 2019s senior unsecured , non-credit enhanced debt .the facility is used principally to support awcc 2019s commercial paper program and to provide up to $ 150 million in letters of credit .indebtedness under the facility is considered 201cdebt 201d for purposes of a support agreement between the company and awcc , which serves as a functional equivalent of a guarantee by the company of awcc 2019s payment obligations under the credit facility .awcc also has an outstanding commercial paper program that is backed by the revolving credit facility , the maximum aggregate outstanding amount of which was increased in march 2018 , from $ 1.60 billion to $ 2.10 billion .the following table provides the aggregate credit facility commitments , letter of credit sub-limit under the revolving credit facility and commercial paper limit , as well as the available capacity for each as of december 31 , 2018 and 2017 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity commercial paper limit available commercial capacity ( in millions ) december 31 , 2018 ........$ 2262 $ 2177 $ 150 $ 69 $ 2100 $ 1146 december 31 , 2017 ........1762 1673 150 66 1600 695 the weighted average interest rate on awcc short-term borrowings for the years ended december 31 , 2018 and 2017 was approximately 2.28% ( 2.28 % ) and 1.24% ( 1.24 % ) , respectively .capital structure the following table provides the percentage of our capitalization represented by the components of our capital structure as of december 31: .
[['', '2018', '2017', '2016'], ["total common shareholders' equity", '40.4% ( 40.4 % )', '41.0% ( 41.0 % )', '42.1% ( 42.1 % )'], ['long-term debt and redeemable preferred stock at redemption value', '52.4% ( 52.4 % )', '49.6% ( 49.6 % )', '46.4% ( 46.4 % )'], ['short-term debt and current portion of long-term debt', '7.2% ( 7.2 % )', '9.4% ( 9.4 % )', '11.5% ( 11.5 % )'], ['total', '100% ( 100 % )', '100% ( 100 % )', '100% ( 100 % )']]
.
|
by how much did the long-term debt and redeemable preferred stock at redemption value portion of the capital structure increase since 2016?
|
6.00%
|
{
"answer": "6.00%",
"decimal": 0.06,
"type": "percentage"
}
| |
s c h e d u l e i v ( continued ) ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2008 , 2007 , and 2006 ( in millions of u.s .dollars ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
[['for the years ended december 31 2008 2007 and 2006 ( in millions of u.s . dollars )', 'direct amount', 'ceded to other companies', 'assumed from other companies', 'net amount', 'percentage of amount assumed to net'], ['2008', '$ 16087', '$ 6144', '$ 3260', '$ 13203', '25% ( 25 % )'], ['2007', '$ 14673', '$ 5834', '$ 3458', '$ 12297', '28% ( 28 % )'], ['2006', '$ 13562', '$ 5198', '$ 3461', '$ 11825', '29% ( 29 % )']]
.
|
what is the growth rate of net amount from 2007 to 2008?
|
7.4%
|
{
"answer": "7.4%",
"decimal": 0.07400000000000001,
"type": "percentage"
}
| |
in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g and 4g network build outs .consumers in these regions are increasingly adopting smartphones and other advanced devices , and , as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany and france , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage among their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 104470 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have master lease agreements with certain of our tenants that provide for consistent , long-term revenue and reduce the likelihood of churn .our master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced colocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2016 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 45310 sites .in a majority of our asia , emea and latin america markets , the revenue generated from newly acquired or constructed sites resulted in increases in both tenant and pass-through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. .
[['new sites ( acquired or constructed )', '2016', '2015', '2014'], ['u.s .', '65', '11595', '900'], ['asia', '43865', '2330', '1560'], ['emea', '665', '4910', '190'], ['latin america', '715', '6535', '5800']]
property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our sites provides significant incremental cash flow .we may , however , incur additional segment selling , general , administrative and development expenses as we increase our presence in our existing markets or expand into new markets .our profit margin growth is therefore positively impacted by the addition of new tenants to our sites but can be temporarily diluted by our development activities. .
|
what is the total number of new sites acquired and constructed during 2015?
|
6535
|
{
"answer": "6535",
"decimal": 6535,
"type": "float"
}
| |
calculations would be adjusted for interest expense associated with this debt instrument .eitf issue no .04-08 would have been effective beginning with the company 2019s 2004 fourth quarter .however , due to the fasb 2019s delay in issuing sfas no .128r and the company 2019s intent and ability to settle this debt security in cash versus the issuance of stock , the impact of the additional diluted shares will not be included in the diluted earnings per share calculation until the proposed sfas no .128r is effective .when sfas no .128r is effective , prior periods 2019 diluted shares outstanding and diluted earnings per share amounts will be restated to present comparable information .the estimated annual reduction in the company 2019s diluted earnings per share would have been approximately $ .02 to $ .03 per share for total year 2005 , 2004 and 2003 .because the impact of this standard is ongoing , the company 2019s diluted shares outstanding and diluted earnings per share amounts would be impacted until retirement or modification of certain terms of this debt security .note 2 .acquisitions and divestitures the company acquired cuno on august 2 , 2005 .the operating results of cuno are included in the industrial business segment .cuno is engaged in the design , manufacture and marketing of a comprehensive line of filtration products for the separation , clarification and purification of fluids and gases .3m and cuno have complementary sets of filtration technologies and the opportunity to bring an even wider range of filtration solutions to customers around the world .3m acquired cuno for approximately $ 1.36 billion , comprised of $ 1.27 billion of cash paid ( net of cash acquired ) and the acquisition of $ 80 million of debt , most of which has been repaid .purchased identifiable intangible assets of $ 268 million for the cuno acquisition will be amortized on a straight- line basis over lives ranging from 5 to 20 years ( weighted-average life of 15 years ) .in-process research and development charges from the cuno acquisition were not material .pro forma information related to this acquisition is not included because its impact on company 2019s consolidated results of operations is not considered to be material .the preliminary allocation of the purchase price is presented in the table that follows .2005 cuno acquisition asset ( liability ) ( millions ) .
[['accounts receivable', '$ 96'], ['inventory', '61'], ['property plant and equipment - net', '121'], ['purchased intangible assets', '268'], ['purchased goodwill', '992'], ['other assets', '30'], ['deferred tax liability', '-102 ( 102 )'], ['accounts payable and other current liabilities', '-104 ( 104 )'], ['interest bearing debt', '-80 ( 80 )'], ['other long-term liabilities', '-16 ( 16 )'], ['net assets acquired', '$ 1266'], ['supplemental information:', ''], ['cash paid', '$ 1294'], ['less : cash acquired', '28'], ['cash paid net of cash acquired', '$ 1266']]
during the year ended december 31 , 2005 , 3m entered into two immaterial additional business combinations for a total purchase price of $ 27 million , net of cash acquired .1 ) 3m ( electro and communications business ) purchased certain assets of siemens ultrasound division 2019s flexible circuit manufacturing line , a u.s .operation .the acquired operation produces flexible interconnect circuits that provide electrical connections between components in electronics systems used primarily in the transducers of ultrasound machines .2 ) 3m ( display and graphics business ) purchased certain assets of mercury online solutions inc. , a u.s .operation .the acquired operation provides hardware and software technologies and network management services for digital signage and interactive kiosk networks. .
|
what was the percent of the accounts receivable of the net assets acquired
|
7.6%
|
{
"answer": "7.6%",
"decimal": 0.076,
"type": "percentage"
}
| |
part ii , item 7 until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.74% ( 4.74 % ) .the proceeds from these notes were used to repay commercial paper borrowings .0160 on april 20 , 2006 , the schlumberger board of directors approved a share repurchase program of up to 40 million shares of common stock to be acquired in the open market before april 2010 , subject to market conditions .this program was completed during the second quarter of 2008 .on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 , of which $ 1.43 billion had been repurchased as of december 31 , 2009 .the following table summarizes the activity under these share repurchase programs during 2009 , 2008 and ( stated in thousands except per share amounts and prices ) total cost of shares purchased total number of shares purchased average price paid per share .
[['', 'total cost of shares purchased', 'total number of shares purchased', 'average price paid per share'], ['2009', '$ 500097', '7825.0', '$ 63.91'], ['2008', '$ 1818841', '21064.7', '$ 86.35'], ['2007', '$ 1355000', '16336.1', '$ 82.95']]
0160 cash flow provided by operations was $ 5.3 billion in 2009 , $ 6.9 billion in 2008 and $ 6.3 billion in 2007 .the decline in cash flow from operations in 2009 as compared to 2008 was primarily driven by the decrease in net income experienced in 2009 and the significant pension plan contributions made during 2009 , offset by an improvement in working capital requirements .the improvement in 2008 as compared to 2007 was driven by the net income increase experienced in 2008 offset by required investments in working capital .the reduction in cash flows experienced by some of schlumberger 2019s customers as a result of global economic conditions could have significant adverse effects on their financial condition .this could result in , among other things , delay in , or nonpayment of , amounts that are owed to schlumberger , which could have a material adverse effect on schlumberger 2019s results of operations and cash flows .at times in recent quarters , schlumberger has experienced delays in payments from certain of its customers .schlumberger operates in approximately 80 countries .at december 31 , 2009 , only three of those countries individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one represented greater than 0160 during 2008 and 2007 , schlumberger announced that its board of directors had approved increases in the quarterly dividend of 20% ( 20 % ) and 40% ( 40 % ) , respectively .total dividends paid during 2009 , 2008 and 2007 were $ 1.0 billion , $ 964 million and $ 771 million , respectively .0160 capital expenditures were $ 2.4 billion in 2009 , $ 3.7 billion in 2008 and $ 2.9 billion in 2007 .capital expenditures in 2008 and 2007 reflected the record activity levels experienced in those years .the decrease in capital expenditures in 2009 as compared to 2008 is primarily due to the significant activity decline during 2009 .oilfield services capital expenditures are expected to approach $ 2.4 billion for the full year 2010 as compared to $ 1.9 billion in 2009 and $ 3.0 billion in 2008 .westerngeco capital expenditures are expected to approach $ 0.3 billion for the full year 2010 as compared to $ 0.5 billion in 2009 and $ 0.7 billion in 2008. .
|
as of december 31 , 2009 what was the remaining percentage outstanding of the $ 8 billion share repurchase program for shares of schlumberger common stock as approved by the board?
|
82%
|
{
"answer": "82%",
"decimal": 0.82,
"type": "percentage"
}
|
the outstanding amount is the difference in the amount authorized and the amount acquired
|
contractual obligations the following table summarizes our significant contractual obligations as of december 28 , 2013: .
[['( in millions )', 'payments due by period total', 'payments due by period less than1 year', 'payments due by period 1 20133 years', 'payments due by period 3 20135 years', 'payments due by period more than5 years'], ['operating lease obligations', '$ 870', '$ 208', '$ 298', '$ 166', '$ 198'], ['capital purchase obligations1', '5503', '5375', '125', '2014', '3'], ['other purchase obligations and commitments2', '1859', '772', '744', '307', '36'], ['long-term debt obligations3', '22372', '429', '2360', '3761', '15822'], ['other long-term liabilities4 5', '1496', '569', '663', '144', '120'], ['total6', '$ 32100', '$ 7353', '$ 4190', '$ 4378', '$ 16179']]
capital purchase obligations1 5503 5375 125 2014 3 other purchase obligations and commitments2 1859 772 744 307 36 long-term debt obligations3 22372 429 2360 3761 15822 other long-term liabilities4 , 5 1496 569 663 144 120 total6 $ 32100 $ 7353 $ 4190 $ 4378 $ 16179 1 capital purchase obligations represent commitments for the construction or purchase of property , plant and equipment .they were not recorded as liabilities on our consolidated balance sheets as of december 28 , 2013 , as we had not yet received the related goods or taken title to the property .2 other purchase obligations and commitments include payments due under various types of licenses and agreements to purchase goods or services , as well as payments due under non-contingent funding obligations .funding obligations include agreements to fund various projects with other companies .3 amounts represent principal and interest cash payments over the life of the debt obligations , including anticipated interest payments that are not recorded on our consolidated balance sheets .any future settlement of convertible debt would impact our cash payments .4 we are unable to reliably estimate the timing of future payments related to uncertain tax positions ; therefore , $ 188 million of long-term income taxes payable has been excluded from the preceding table .however , long- term income taxes payable , recorded on our consolidated balance sheets , included these uncertain tax positions , reduced by the associated federal deduction for state taxes and u.s .tax credits arising from non- u.s .income taxes .5 amounts represent future cash payments to satisfy other long-term liabilities recorded on our consolidated balance sheets , including the short-term portion of these long-term liabilities .expected required contributions to our u.s .and non-u.s .pension plans and other postretirement benefit plans of $ 62 million to be made during 2014 are also included ; however , funding projections beyond 2014 are not practicable to estimate .6 total excludes contractual obligations already recorded on our consolidated balance sheets as current liabilities except for the short-term portions of long-term debt obligations and other long-term liabilities .contractual obligations for purchases of goods or services , included in other purchase obligations and commitments in the preceding table , include agreements that are enforceable and legally binding on intel and that specify all significant terms , including fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction .for obligations with cancellation provisions , the amounts included in the preceding table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee .we have entered into certain agreements for the purchase of raw materials that specify minimum prices and quantities based on a percentage of the total available market or based on a percentage of our future purchasing requirements .due to the uncertainty of the future market and our future purchasing requirements , as well as the non-binding nature of these agreements , obligations under these agreements are not included in the preceding table .our purchase orders for other products are based on our current manufacturing needs and are fulfilled by our vendors within short time horizons .in addition , some of our purchase orders represent authorizations to purchase rather than binding agreements .table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
|
what percentage of total contractual obligations as of december 28 , 2013 is made up of capital purchase obligations?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
58 2016 annual report note 12 .business acquisition bayside business solutions , inc .effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash .this acquisition was funded using existing operating cash .the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry .management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed .the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
[['current assets', '$ 1922'], ['long-term assets', '253'], ['identifiable intangible assets', '5005'], ['total liabilities assumed', '-3279 ( 3279 )'], ['total identifiable net assets', '3901'], ['goodwill', '6099'], ['net assets acquired', '$ 10000']]
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce .goodwill from this acquisition has been allocated to our banking systems and services segment .the goodwill is not expected to be deductible for income tax purposes .identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 .the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively .current assets were inclusive of cash acquired of $ 1725 .the fair value of current assets acquired included accounts receivable of $ 178 .the gross amount of receivables was $ 178 , none of which was expected to be uncollectible .during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 .the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided .banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash .this acquisition was funded using existing operating cash .the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry .during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 .for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno .the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 .the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
|
what were net assets in millions acquired net of accounts receivable?
|
9822
|
{
"answer": "9822",
"decimal": 9822,
"type": "float"
}
| |
reduced administrative expense .in connection with this project , we eliminated 749 positions .we incurred $ 54.7 million of net expenses , most of which was cash .we recorded $ 0.4 million of restructuring charges relating to this action in fiscal 2018 , restructuring charges were reduced by $ 0.4 million in fiscal 2017 , and we incurred $ 54.7 million of restructuring charges in fiscal 2016 .this action was completed in fiscal 2018 .in fiscal 2015 , we announced project century ( century ) which initially involved a review of our north american manufacturing and distribution network to streamline operations and identify potential capacity reductions .in fiscal 2016 , we broadened the scope of century to identify opportunities to streamline our supply chain outside of north america .as part of century , in the second quarter of fiscal 2016 , we approved a restructuring plan to close manufacturing facilities in our europe & australia segment supply chain located in berwick , united kingdom and east tamaki , new zealand .these actions affected 287 positions and we incurred $ 31.8 million of net expenses related to these actions , of which $ 12 million was cash .we recorded $ 1.8 million of restructuring charges relating to these actions in fiscal 2017 and $ 30.0 million in fiscal 2016 .these actions were completed in fiscal 2017 .as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our west chicago , illinois cereal and dry dinner manufacturing plant in our north america retail segment supply chain .this action affected 484 positions , and we incurred $ 109.3 million of net expenses relating to this action , of which $ 21 million was cash .we recorded $ 6.9 million of restructuring charges relating to this action in fiscal 2018 , $ 23.2 million in fiscal 2017 and $ 79.2 million in fiscal 2016 .this action was completed in fiscal 2018 .as part of century , in the first quarter of fiscal 2016 , we approved a restructuring plan to close our joplin , missouri snacks plant in our north america retail segment supply chain .this action affected 125 positions , and we incurred $ 8.0 million of net expenses relating to this action , of which less than $ 1 million was cash .we recorded $ 1.4 million of restructuring charges relating to this action in fiscal 2018 , $ 0.3 million in fiscal 2017 , and $ 6.3 million in fiscal 2016 .this action was completed in fiscal 2018 .we paid cash related to restructuring initiatives of $ 53.6 million in fiscal 2018 , $ 107.8 million in fiscal 2017 , and $ 122.6 million in fiscal 2016 .in addition to restructuring charges , we expect to incur approximately $ 130 million of project-related costs , which will be recorded in cost of sales , all of which will be cash .we recorded project-related costs in cost of sales of $ 11.3 million in fiscal 2018 , $ 43.9 million in fiscal 2017 , and $ 57.5 million in fiscal 2016 .we paid cash for project-related costs of $ 10.9 million in fiscal 2018 , $ 46.9 million in fiscal 2017 , and $ 54.5 million in fiscal 2016 .we expect these activities to be completed in fiscal 2019 .restructuring charges and project-related costs are classified in our consolidated statements of earnings as follows: .
[['in millions', 'fiscal 2018', 'fiscal 2017', 'fiscal 2016'], ['cost of sales', '$ 14.0', '$ 41.5', '$ 78.4'], ['restructuring impairment and other exit costs', '68.7', '182.6', '151.4'], ['total restructuring charges', '82.7', '224.1', '229.8'], ['project-related costs classified in cost ofsales', '$ 11.3', '$ 43.9', '$ 57.5']]
.
|
what is the total amount paid in cash related to restructuring initiatives for the last three years?
|
284.0
|
{
"answer": "284.0",
"decimal": 284,
"type": "float"
}
| |
part iii item 10 .directors , executive officers and corporate governance the information required by this item is incorporated by reference to the 201celection of directors 201d section , the 201cdirector selection process 201d section , the 201ccode of conduct 201d section , the 201cprincipal committees of the board of directors 201d section , the 201caudit committee 201d section and the 201csection 16 ( a ) beneficial ownership reporting compliance 201d section of the proxy statement for the annual meeting of stockholders to be held on may 27 , 2010 ( the 201cproxy statement 201d ) , except for the description of our executive officers , which appears in part i of this report on form 10-k under the heading 201cexecutive officers of ipg . 201d new york stock exchange certification in 2009 , our ceo provided the annual ceo certification to the new york stock exchange , as required under section 303a.12 ( a ) of the new york stock exchange listed company manual .item 11 .executive compensation the information required by this item is incorporated by reference to the 201ccompensation of executive officers 201d section , the 201cnon-management director compensation 201d section , the 201ccompensation discussion and analysis 201d section and the 201ccompensation committee report 201d section of the proxy statement .item 12 .security ownership of certain beneficial owners and management and related stockholder matters the information required by this item is incorporated by reference to the 201coutstanding shares 201d section of the proxy statement , except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of december 31 , 2009 , which is provided in the following table .equity compensation plan information plan category number of shares of common stock to be issued upon exercise of outstanding options , warrants and rights ( a ) 12 weighted-average exercise price of outstanding stock options ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3 equity compensation plans approved by security holders .........34317386 $ 16.11 52359299 equity compensation plans not approved by security holders 4 .....612500 $ 27.53 2014 .
[['plan category', 'number of shares of common stock to be issued upon exercise of outstandingoptions warrants and rights ( a ) 12', 'weighted-average exercise price of outstanding stock options ( b )', 'number of securities remaining available for futureissuance under equity compensation plans ( excluding securities reflected in column a ) ( c ) 3'], ['equity compensation plans approved by security holders', '34317386', '$ 16.11', '52359299'], ['equity compensation plans not approved by security holders4', '612500', '$ 27.53', '2014'], ['total', '34929886', '$ 16.31', '52359299']]
1 includes a total of 6058967 performance-based share awards made under the 2004 , 2006 and 2009 performance incentive plan representing the target number of shares to be issued to employees following the completion of the 2007-2009 performance period ( the 201c2009 ltip share awards 201d ) , the 2008- 2010 performance period ( the 201c2010 ltip share awards 201d ) and the 2009-2011 performance period ( the 201c2011 ltip share awards 201d ) respectively .the computation of the weighted-average exercise price in column ( b ) of this table does not take the 2009 ltip share awards , the 2010 ltip share awards or the 2011 ltip share awards into account .2 includes a total of 3914804 restricted share unit and performance-based awards ( 201cshare unit awards 201d ) which may be settled in shares or cash .the computation of the weighted-average exercise price in column ( b ) of this table does not take the share unit awards into account .each share unit award actually settled in cash will increase the number of shares of common stock available for issuance shown in column ( c ) .3 includes ( i ) 37885502 shares of common stock available for issuance under the 2009 performance incentive plan , ( ii ) 13660306 shares of common stock available for issuance under the employee stock purchase plan ( 2006 ) and ( iii ) 813491 shares of common stock available for issuance under the 2009 non-management directors 2019 stock incentive plan .4 consists of special stock option grants awarded to certain true north executives following our acquisition of true north ( the 201ctrue north options 201d ) .the true north options have an exercise price equal to the fair market value of interpublic 2019s common stock on the date of the grant .the terms and conditions of these stock option awards are governed by interpublic 2019s 1997 performance incentive plan .generally , the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date. .
|
of the number of shares of common stock to be issued upon exercise of outstanding options warrants and rights what was the percent approved by security holders
|
98.3%
|
{
"answer": "98.3%",
"decimal": 0.983,
"type": "percentage"
}
| |
entergy new orleans , inc .management's financial discussion and analysis entergy new orleans' receivables from the money pool were as follows as of december 31 for each of the following years: .
[['2004', '2003', '2002', '2001'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 1413', '$ 1783', '$ 3500', '$ 9208']]
money pool activity provided $ 0.4 million of entergy new orleans' operating cash flow in 2004 , provided $ 1.7 million in 2003 , and provided $ 5.7 million in 2002 .see note 4 to the domestic utility companies and system energy financial statements for a description of the money pool .investing activities net cash used in investing activities decreased $ 15.5 million in 2004 primarily due to capital expenditures related to a turbine inspection project at a fossil plant in 2003 and decreased customer service spending .net cash used in investing activities increased $ 23.2 million in 2003 compared to 2002 primarily due to the maturity of $ 14.9 million of other temporary investments in 2002 and increased construction expenditures due to increased customer service spending .financing activities net cash used in financing activities increased $ 7.0 million in 2004 primarily due to the costs and expenses related to refinancing $ 75 million of long-term debt in 2004 and an increase of $ 2.2 million in common stock dividends paid .net cash used in financing activities increased $ 1.5 million in 2003 primarily due to additional common stock dividends paid of $ 2.2 million .in july 2003 , entergy new orleans issued $ 30 million of 3.875% ( 3.875 % ) series first mortgage bonds due august 2008 and $ 70 million of 5.25% ( 5.25 % ) series first mortgage bonds due august 2013 .the proceeds from these issuances were used to redeem , prior to maturity , $ 30 million of 7% ( 7 % ) series first mortgage bonds due july 2008 , $ 40 million of 8% ( 8 % ) series bonds due march 2006 , and $ 30 million of 6.65% ( 6.65 % ) series first mortgage bonds due march 2004 .the issuances and redemptions are not shown on the cash flow statement because the proceeds from the issuances were placed in a trust for use in the redemptions and never held as cash by entergy new orleans .see note 5 to the domestic utility companies and system energy financial statements for details on long- term debt .uses of capital entergy new orleans requires capital resources for : 2022 construction and other capital investments ; 2022 debt and preferred stock maturities ; 2022 working capital purposes , including the financing of fuel and purchased power costs ; and 2022 dividend and interest payments. .
|
what the provisions to operating cash flow from money pool as a percentage of receivables from the money pool in 2003?
|
95.4%
|
{
"answer": "95.4%",
"decimal": 0.9540000000000001,
"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. .
|
what percentage of the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms is due in 2019?
|
12.1%
|
{
"answer": "12.1%",
"decimal": 0.121,
"type": "percentage"
}
|
from here you need to take the amount due in 2019 or $ 17 and divide it by the total or 141 to get 12.1%
|
republic services , inc .notes to consolidated financial statements 2014 ( continued ) high quality financial institutions .such balances may be in excess of fdic insured limits .to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .we provide services to small-container commercial , large-container industrial , municipal and residential customers in the united states and puerto rico .we perform ongoing credit evaluations of our customers , but generally do not require collateral to support customer receivables .we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .accounts receivable , net accounts receivable represent receivables from customers for collection , transfer , recycling , disposal , energy services and other services .our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .the carrying value of our receivables , net of the allowance for doubtful accounts and customer credits , represents their estimated net realizable value .provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .we also review outstanding balances on an account-specific basis .in general , reserves are provided for accounts receivable in excess of 90 days outstanding .past due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due .the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31: .
[['', '2016', '2015', '2014'], ['balance at beginning of year', '$ 46.7', '$ 38.9', '$ 38.3'], ['additions charged to expense', '20.4', '22.7', '22.6'], ['accounts written-off', '-23.1 ( 23.1 )', '-14.9 ( 14.9 )', '-22.0 ( 22.0 )'], ['balance at end of year', '$ 44.0', '$ 46.7', '$ 38.9']]
restricted cash and marketable securities as of december 31 , 2016 , we had $ 90.5 million of restricted cash and marketable securities of which $ 62.6 million supports our insurance programs for workers 2019 compensation , commercial general liability , and commercial auto liability .additionally , we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills , transfer stations , collection and recycling centers .the funds are deposited directly into trust accounts by the bonding authorities at the time of issuance .as the use of these funds is contractually restricted , and we do not have the ability to use these funds for general operating purposes , they are classified as restricted cash and marketable securities in our consolidated balance sheets .in the normal course of business , we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts , closure or post- closure of landfills , environmental remediation , environmental permits , and business licenses and permits as a financial guarantee of our performance .at several of our landfills , we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts .property and equipment we record property and equipment at cost .expenditures for major additions and improvements to facilities are capitalized , while maintenance and repairs are charged to expense as incurred .when property is retired or .
|
as part of the restricted cash and marketable securities as of december 31 , 2016 what was the percent of the supports our insurance programs for workers 2019 compensation , commercial general liability as part of the total restricted cash and marketable securities
|
69.2%
|
{
"answer": "69.2%",
"decimal": 0.6920000000000001,
"type": "percentage"
}
| |
zimmer biomet holdings , inc .and subsidiaries 2018 form 10-k annual report notes to consolidated financial statements ( continued ) default for unsecured financing arrangements , including , among other things , limitations on consolidations , mergers and sales of assets .financial covenants under the 2018 , 2016 and 2014 credit agreements include a consolidated indebtedness to consolidated ebitda ratio of no greater than 5.0 to 1.0 through june 30 , 2017 , and no greater than 4.5 to 1.0 thereafter .if our credit rating falls below investment grade , additional restrictions would result , including restrictions on investments and payment of dividends .we were in compliance with all covenants under the 2018 , 2016 and 2014 credit agreements as of december 31 , 2018 .as of december 31 , 2018 , there were no borrowings outstanding under the multicurrency revolving facility .we may , at our option , redeem our senior notes , in whole or in part , at any time upon payment of the principal , any applicable make-whole premium , and accrued and unpaid interest to the date of redemption , except that the floating rate notes due 2021 may not be redeemed until on or after march 20 , 2019 and such notes do not have any applicable make-whole premium .in addition , we may redeem , at our option , the 2.700% ( 2.700 % ) senior notes due 2020 , the 3.375% ( 3.375 % ) senior notes due 2021 , the 3.150% ( 3.150 % ) senior notes due 2022 , the 3.700% ( 3.700 % ) senior notes due 2023 , the 3.550% ( 3.550 % ) senior notes due 2025 , the 4.250% ( 4.250 % ) senior notes due 2035 and the 4.450% ( 4.450 % ) senior notes due 2045 without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date .the estimated fair value of our senior notes as of december 31 , 2018 , based on quoted prices for the specific securities from transactions in over-the-counter markets ( level 2 ) , was $ 7798.9 million .the estimated fair value of japan term loan a and japan term loan b , in the aggregate , as of december 31 , 2018 , based upon publicly available market yield curves and the terms of the debt ( level 2 ) , was $ 294.7 million .the carrying values of u.s .term loan b and u.s .term loan c approximate fair value as they bear interest at short-term variable market rates .we 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 .these fair value hedges were settled in 2016 .in 2016 , we entered into various variable-to-fixed interest rate swap agreements that were accounted for as cash flow hedges of u.s .term loan b .in 2018 , we entered into cross-currency interest rate swaps that we designated as net investment hedges .the excluded component of these net investment hedges is recorded in interest expense , net .see note 13 for additional information regarding our interest rate swap agreements .we also have available uncommitted credit facilities totaling $ 55.0 million .at december 31 , 2018 and 2017 , the weighted average interest rate for our borrowings was 3.1 percent and 2.9 percent , respectively .we paid $ 282.8 million , $ 317.5 million , and $ 363.1 million in interest during 2018 , 2017 , and 2016 , respectively .12 .accumulated other comprehensive ( loss ) income aoci 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 aoci may be reclassified to net earnings upon the occurrence of certain events .our aoci is comprised of foreign currency translation adjustments , including unrealized gains and losses on net investment hedges , unrealized gains and losses on cash flow hedges , 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 .amounts related to defined benefit plans that are in aoci are reclassified over the service periods of employees in the plan .see note 14 for more information on our defined benefit plans .the following table shows the changes in the components of aoci , net of tax ( in millions ) : foreign currency translation hedges defined benefit plan items .
[['', 'foreign currency translation', 'cash flow hedges', 'defined benefit plan items', 'total aoci'], ['balance december 31 2017', '$ 121.5', '$ -66.5 ( 66.5 )', '$ -138.2 ( 138.2 )', '$ -83.2 ( 83.2 )'], ['aoci before reclassifications', '-135.4 ( 135.4 )', '68.2', '-29.7 ( 29.7 )', '-96.9 ( 96.9 )'], ['reclassifications to retained earnings ( note 2 )', '-17.4 ( 17.4 )', '-4.4 ( 4.4 )', '-21.1 ( 21.1 )', '-42.9 ( 42.9 )'], ['reclassifications', '-', '23.6', '12.0', '35.6'], ['balance december 31 2018', '$ -31.3 ( 31.3 )', '$ 20.9', '$ -177.0 ( 177.0 )', '$ -187.4 ( 187.4 )']]
.
|
what percentage of aoci at december 31 , 2018 is attributed to foreign currency translation?
|
17%
|
{
"answer": "17%",
"decimal": 0.17,
"type": "percentage"
}
| |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases .
[['millions of dollars', 'operatingleases', 'capital leases'], ['2007', '$ 624', '$ 180'], ['2008', '546', '173'], ['2009', '498', '168'], ['2010', '456', '148'], ['2011', '419', '157'], ['later years', '2914', '1090'], ['total minimum lease payments', '$ 5457', '$ 1916'], ['amount representing interest', 'n/a', '-680 ( 680 )'], ['present value of minimum lease payments', 'n/a', '$ 1236']]
rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
|
as of december 2006 what was the percent of the total future minimum lease payments for operating and capital leases that was due in 2009
|
9%
|
{
"answer": "9%",
"decimal": 0.09,
"type": "percentage"
}
| |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) debt maturities as of december 31 , 2015 , excluding premiums and discounts , are as follows ( millions ) : .
[['2016', '$ 976'], ['2017', '2014'], ['2018', '875'], ['2019', '1100'], ['2020', '414'], ['thereafter', '9763'], ['total', '$ 13128']]
credit lines devon has a $ 3.0 billion senior credit facility .the maturity date for $ 30 million of the senior credit facility is october 24 , 2017 .the maturity date for $ 164 million of the senior credit facility is october 24 , 2018 .the maturity date for the remaining $ 2.8 billion is october 24 , 2019 .amounts borrowed under the senior credit facility may , at the election of devon , bear interest at various fixed rate options for periods of up to twelve months .such rates are generally less than the prime rate .however , devon may elect to borrow at the prime rate .the senior credit facility currently provides for an annual facility fee of $ 3.8 million that is payable quarterly in arrears .as of december 31 , 2015 , there were no borrowings under the senior credit facility .the senior credit facility contains only one material financial covenant .this covenant requires devon 2019s ratio of total funded debt to total capitalization , as defined in the credit agreement , to be no greater than 65% ( 65 % ) .the credit agreement contains definitions of total funded debt and total capitalization that include adjustments to the respective amounts reported in the accompanying consolidated financial statements .also , total capitalization is adjusted to add back noncash financial write-downs such as full cost ceiling impairments or goodwill impairments .as of december 31 , 2015 , devon was in compliance with this covenant with a debt-to- capitalization ratio of 23.7% ( 23.7 % ) .commercial paper devon 2019s senior credit facility supports its $ 3.0 billion of short-term credit under its commercial paper program .commercial paper debt generally has a maturity of between 1 and 90 days , although it can have a maturity of up to 365 days , and bears interest at rates agreed to at the time of the borrowing .the interest rate is generally based on a standard index such as the federal funds rate , libor or the money market rate as found in the commercial paper market .as of december 31 , 2015 , devon 2019s outstanding commercial paper borrowings had a weighted-average borrowing rate of 0.63% ( 0.63 % ) .issuance of senior notes in june 2015 , devon issued $ 750 million of 5.0% ( 5.0 % ) senior notes due 2045 that are unsecured and unsubordinated obligations .devon used the net proceeds to repay the floating rate senior notes that matured on december 15 , 2015 , as well as outstanding commercial paper balances .in december 2015 , in conjunction with the announcement of the powder river basin and stack acquisitions , devon issued $ 850 million of 5.85% ( 5.85 % ) senior notes due 2025 that are unsecured and unsubordinated obligations .devon used the net proceeds to fund the cash portion of these acquisitions. .
|
in millions , what was the mathematical range of debt maturities for 2018-2020?
|
686
|
{
"answer": "686",
"decimal": 686,
"type": "float"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 company for an aggregate proceeds of approximately $ 234 million .the company recognized a gain on disposal of $ 6 million , net of tax , during the year ended december 31 , 2010 .ras laffan was previously reported in the asia generation segment .23 .acquisitions and dispositions acquisitions dpl 2014on november 28 , 2011 , aes completed its acquisition of 100% ( 100 % ) of the common stock of dpl for approximately $ 3.5 billion , pursuant to the terms and conditions of a definitive agreement ( the 201cmerger agreement 201d ) dated april 19 , 2011 .dpl serves over 500000 customers , primarily west central ohio , through its operating subsidiaries dp&l and dpl energy resources ( 201cdpler 201d ) .additionally , dpl operates over 3800 mw of power generation facilities and provides competitive retail energy services to residential , commercial , industrial and governmental customers .the acquisition strengthens the company 2019s u.s .utility operations by expanding in the midwest and pjm , a regional transmission organization serving several eastern states as part of the eastern interconnection .the company expects to benefit from the regional scale provided by indianapolis power & light company , its nearby integrated utility business in indiana .aes funded the aggregate purchase consideration through a combination of the following : 2022 the proceeds from a $ 1.05 billion term loan obtained in may 2011 ; 2022 the proceeds from a private offering of $ 1.0 billion notes in june 2011 ; 2022 temporary borrowings of $ 251 million under its revolving credit facility ; and 2022 the proceeds from private offerings of $ 450 million aggregate principal amount of 6.50% ( 6.50 % ) senior notes due 2016 and $ 800 million aggregate principal amount of 7.25% ( 7.25 % ) senior notes due 2021 ( collectively , the 201cnotes 201d ) in october 2011 by dolphin subsidiary ii , inc .( 201cdolphin ii 201d ) , a wholly-owned special purpose indirect subsidiary of aes , which was merged into dpl upon the completion of acquisition .the fair value of the consideration paid for dpl was as follows ( in millions ) : .
[['agreed enterprise value', '$ 4719'], ['less : fair value of assumed long-term debt outstanding net', '-1255 ( 1255 )'], ['cash consideration paid to dpl 2019s common stockholders', '3464'], ['add : cash paid for outstanding stock-based awards', '19'], ['total cash consideration paid', '$ 3483']]
.
|
how much of the dpl purchase price was funded by existing credit facilities as opposed to new borrowing?
|
7.2%
|
{
"answer": "7.2%",
"decimal": 0.07200000000000001,
"type": "percentage"
}
| |
improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or estimated useful lives ranging from 1 to 15 years .goodwill , purchased intangibles and other long-lived assets we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review .we completed our annual impairment test in the second quarter of fiscal 2011 and determined that there was no impairment .in the fourth quarter of fiscal 2011 , we announced changes to our business strategy which resulted in a reduction of forecasted revenue for certain of our products .we performed an update to our goodwill impairment test for the enterprise reporting unit and determined there was no impairment .goodwill is assigned to one or more reporting segments on the date of acquisition .we evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value , including the associated goodwill .to determine the fair values , we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows .our cash flow assumptions consider historical and forecasted revenue , operating costs and other relevant factors .we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists .we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable .when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows .if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets .we did not recognize any intangible asset impairment charges in fiscal 2011 , 2010 or 2009 .our intangible assets are amortized over their estimated useful lives of 1 to 13 years .amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed .the weighted average useful lives of our intangibles assets was as follows: .
[['', 'weighted averageuseful life ( years )'], ['purchased technology', '6'], ['customer contracts and relationships', '10'], ['trademarks', '7'], ['acquired rights to use technology', '9'], ['localization', '1'], ['other intangibles', '3']]
weighted average useful life ( years ) software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate .amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed .to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material .internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage .such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications .capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose .table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .
|
what was average weighted average useful life ( years ) for customer contracts and relationships and trademarks?
|
8.5
|
{
"answer": "8.5",
"decimal": 8.5,
"type": "float"
}
| |
troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty .tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral .additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc .in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off .some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses .these potential incremental losses have been factored into our overall alll estimate .the level of any subsequent defaults will likely be affected by future economic conditions .once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off .we held specific reserves in the alll of $ .3 billion and $ .4 billion at december 31 , 2015 and december 31 , 2014 , respectively , for the total tdr portfolio .table 61 : summary of troubled debt restructurings in millions december 31 december 31 .
[['in millions', 'december 312015', 'december 312014'], ['total consumer lending', '$ 1917', '$ 2041'], ['total commercial lending', '434', '542'], ['total tdrs', '$ 2351', '$ 2583'], ['nonperforming', '$ 1119', '$ 1370'], ['accruing ( a )', '1232', '1213'], ['total tdrs', '$ 2351', '$ 2583']]
( a ) accruing loans include consumer credit card loans and loans that have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans .loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status .table 62 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during the years 2015 , 2014 and 2013 respectively .additionally , the table provides information about the types of tdr concessions .the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness .these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place .the rate reduction tdr category includes reduced interest rate and interest deferral .the tdrs within this category result in reductions to future interest income .the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers .in some cases , there have been multiple concessions granted on one loan .this is most common within the commercial loan portfolio .when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 62 .for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness .second in priority would be rate reduction .for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction .in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below .after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio .136 the pnc financial services group , inc .2013 form 10-k .
|
what was the change in specific reserves in alll between december 31 , 2015 and december 31 , 2014 in billions?
|
-0.1
|
{
"answer": "-0.1",
"decimal": -0.1,
"type": "float"
}
| |
development of prior year incurred losses was $ 135.6 million unfavorable in 2006 , $ 26.4 million favorable in 2005 and $ 249.4 million unfavorable in 2004 .such losses were the result of the reserve development noted above , as well as inher- ent uncertainty in establishing loss and lae reserves .reserves for asbestos and environmental losses and loss adjustment expenses as of year end 2006 , 7.4% ( 7.4 % ) of reserves reflect an estimate for the company 2019s ultimate liability for a&e claims for which ulti- mate value cannot be estimated using traditional reserving techniques .the company 2019s a&e liabilities stem from mt .mckinley 2019s direct insurance business and everest re 2019s assumed reinsurance business .there are significant uncertainties in estimating the amount of the company 2019s potential losses from a&e claims .see item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014asbestos and environmental exposures 201d and note 3 of notes to consolidated financial statements .mt .mckinley 2019s book of direct a&e exposed insurance is relatively small and homogenous .it also arises from a limited period , effective 1978 to 1984 .the book is based principally on excess liability policies , thereby limiting exposure analysis to a lim- ited number of policies and forms .as a result of this focused structure , the company believes that it is able to comprehen- sively analyze its exposures , allowing it to identify , analyze and actively monitor those claims which have unusual exposure , including policies in which it may be exposed to pay expenses in addition to policy limits or non-products asbestos claims .the company endeavors to be actively engaged with every insured account posing significant potential asbestos exposure to mt .mckinley .such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements .sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments .the company 2019s mt .mckinley operation is currently managing eight sip agreements , three of which were executed prior to the acquisition of mt .mckinley in 2000 .the company 2019s preference with respect to coverage settlements is to exe- cute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty .the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active .those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity .the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders , including those that may not have reported significant a&e losses .everest re 2019s book of assumed reinsurance is relatively concentrated within a modest number of a&e exposed relationships .it also arises from a limited period , effectively 1977 to 1984 .because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities .the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies .this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies .as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention .however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers .this furnished information is not always timely or accurate and can impact the accuracy and timeli- ness of the company 2019s ultimate loss projections .the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the years ended december 31: .
[['( dollars in millions )', '2006', '2005', '2004'], ['case reserves reported by ceding companies', '$ 135.6', '$ 125.2', '$ 148.5'], ['additional case reserves established by the company ( assumed reinsurance ) ( 1 )', '152.1', '157.6', '151.3'], ['case reserves established by the company ( direct insurance )', '213.7', '243.5', '272.1'], ['incurred but not reported reserves', '148.7', '123.3', '156.4'], ['gross reserves', '650.1', '649.6', '728.3'], ['reinsurance receivable', '-138.7 ( 138.7 )', '-199.1 ( 199.1 )', '-221.6 ( 221.6 )'], ['net reserves', '$ 511.4', '$ 450.5', '$ 506.7']]
( 1 ) additional reserves are case specific reserves determined by the company to be needed over and above those reported by the ceding company .81790fin_a 4/13/07 11:08 am page 15 .
|
what was the percentage change in the net reserves from 2005 to 2006
|
13.5%
|
{
"answer": "13.5%",
"decimal": 0.135,
"type": "percentage"
}
| |
for the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities .unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales .for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities .unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales .note 13 .equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards .in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan .the 1997 plan expired on december 18 , 2006 .as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan .as of december 31 , 2006 , 106045 awards have been made under the 2006 plan .we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made .the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant .stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant .for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights .in general , these grants vest over three years .for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant .generally , these grants vest over two- , three- or four-year periods .performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods .payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period .we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period .we use a black-scholes option-pricing model to estimate the fair value of the options granted .the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. .
[['', '2006', '2005', '2004'], ['dividend yield', '1.41% ( 1.41 % )', '1.85% ( 1.85 % )', '1.35% ( 1.35 % )'], ['expected volatility', '26.50', '28.70', '27.10'], ['risk-free interest rate', '4.60', '4.19', '3.02'], ['expected option lives ( in years )', '7.8', '7.8', '5.0']]
compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively .seq 87 copyarea : 38 .x 54 .trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) .
|
what is the growth rate in the risk-free interest rate from 2005 to 2006?
|
9.8%
|
{
"answer": "9.8%",
"decimal": 0.098,
"type": "percentage"
}
| |
the changes in the gross amount of unrecognized tax benefits for the year ended december 29 , 2007 are as follows: .
[['', '( in thousands )'], ['balance as of december 31 2006', '$ 337226'], ['gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year', '-31608 ( 31608 )'], ['gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year', '7764'], ['amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities', '-6001 ( 6001 )'], ['reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations', '-511 ( 511 )'], ['balance as of december 29 2007', '$ 306870']]
as of december 29 , 2007 , $ 228.4 million of unrecognized tax benefits would , if recognized , reduce the effective tax rate , as compared to $ 232.1 million as of december 31 , 2006 , the first day of cadence 2019s fiscal year .the total amounts of interest and penalties recognized in the consolidated income statement for the year ended december 29 , 2007 resulted in net tax benefits of $ 11.1 million and $ 0.4 million , respectively , primarily due to the effective settlement of tax audits during the year .the total amounts of gross accrued interest and penalties recognized in the consolidated balance sheets as of december 29 , 2007 , were $ 47.9 million and $ 9.7 million , respectively as compared to $ 65.8 million and $ 10.1 million , respectively as of december 31 , 2006 .note 9 .acquisitions for each of the acquisitions described below , the results of operations and the estimated fair value of the assets acquired and liabilities assumed have been included in cadence 2019s consolidated financial statements from the date of the acquisition .comparative pro forma financial information for all 2007 , 2006 and 2005 acquisitions have not been presented because the results of operations were not material to cadence 2019s consolidated financial statements .2007 acquisitions during 2007 , cadence acquired invarium , inc. , a san jose-based developer of advanced lithography-modeling and pattern-synthesis technology , and clear shape technologies , inc. , a san jose-based design for manufacturing technology company specializing in design-side solutions to minimize yield loss for advanced semiconductor integrated circuits .cadence acquired these two companies for an aggregate purchase price of $ 75.5 million , which included the payment of cash , the fair value of assumed options and acquisition costs .the $ 45.7 million of goodwill recorded in connection with these acquisitions is not expected to be deductible for income tax purposes .prior to acquiring clear shape technologies , inc. , cadence had an investment of $ 2.0 million in the company , representing a 12% ( 12 % ) ownership interest , which had been accounted for under the cost method of accounting .in accordance with sfas no .141 , 201cbusiness combinations , 201d cadence accounted for this acquisition as a step acquisition .subsequent adjustments to the purchase price of these acquired companies are included in the 201cother 201d line of the changes of goodwill table in note 10 below .2006 acquisition in march 2006 , cadence acquired a company for an aggregate initial purchase price of $ 25.8 million , which included the payment of cash , the fair value of assumed options and acquisition costs .the preliminary allocation of the purchase price was recorded as $ 17.4 million of goodwill , $ 9.4 million of identifiable intangible assets and $ ( 1.0 ) million of net liabilities .the $ 17.4 million of goodwill recorded in connection with this acquisition is not expected to be deductible for income tax purposes .subsequent adjustments to the purchase price of this acquired company are included in the 201cother 201d line of the changes of goodwill table in note 10 below. .
|
what percentage of the aggregate purchase price for the two companies in 2007 is goodwill?
|
61%
|
{
"answer": "61%",
"decimal": 0.61,
"type": "percentage"
}
| |
$ 25.7 million in cash , including $ 4.2 million in taxes and 1373609 of hep 2019s common units having a fair value of $ 53.5 million .roadrunner / beeson pipelines transaction also on december 1 , 2009 , hep acquired our two newly constructed pipelines for $ 46.5 million , consisting of a 65- mile , 16-inch crude oil pipeline ( the 201croadrunner pipeline 201d ) that connects our navajo refinery lovington facility to a terminus of centurion pipeline l.p . 2019s pipeline extending between west texas and cushing , oklahoma and a 37- mile , 8-inch crude oil pipeline that connects hep 2019s new mexico crude oil gathering system to our navajo refinery lovington facility ( the 201cbeeson pipeline 201d ) .tulsa west loading racks transaction on august 1 , 2009 , hep acquired from us , certain truck and rail loading/unloading facilities located at our tulsa west facility for $ 17.5 million .the racks load refined products and lube oils produced at the tulsa west facility onto rail cars and/or tanker trucks .lovington-artesia pipeline transaction on june 1 , 2009 , hep acquired our newly constructed , 16-inch intermediate pipeline for $ 34.2 million that runs 65 miles from our navajo refinery 2019s crude oil distillation and vacuum facilities in lovington , new mexico to its petroleum refinery located in artesia , new mexico .slc pipeline joint venture interest on march 1 , 2009 , hep acquired a 25% ( 25 % ) joint venture interest in the slc pipeline , a new 95-mile intrastate pipeline system jointly owned with plains .the slc pipeline commenced operations effective march 2009 and allows various refineries in the salt lake city area , including our woods cross refinery , to ship crude oil into the salt lake city area from the utah terminus of the frontier pipeline as well as crude oil flowing from wyoming and utah via plains 2019 rocky mountain pipeline .hep 2019s capitalized joint venture contribution was $ 25.5 million .rio grande pipeline sale on december 1 , 2009 , hep sold its 70% ( 70 % ) interest in rio grande pipeline company ( 201crio grande 201d ) to a subsidiary of enterprise products partners lp for $ 35 million .results of operations of rio grande are presented in discontinued operations .in accounting for this sale , hep recorded a gain of $ 14.5 million and a receivable of $ 2.2 million representing its final distribution from rio grande .the recorded net asset balance of rio grande at december 1 , 2009 , was $ 22.7 million , consisting of cash of $ 3.1 million , $ 29.9 million in properties and equipment , net and $ 10.3 million in equity , representing bp , plc 2019s 30% ( 30 % ) noncontrolling interest .the following table provides income statement information related to hep 2019s discontinued operations : year ended december 31 , 2009 ( in thousands ) .
[['', 'year ended december 31 2009 ( in thousands )'], ['income from discontinued operations before income taxes', '$ 5367'], ['income tax expense', '-942 ( 942 )'], ['income from discontinued operations net', '4425'], ['gain on sale of discontinued operations before income taxes', '14479'], ['income tax expense', '-1978 ( 1978 )'], ['gain on sale of discontinued operations net', '12501'], ['income from discontinued operations net', '$ 16926']]
transportation agreements hep serves our refineries under long-term pipeline and terminal , tankage and throughput agreements expiring in 2019 through 2026 .under these agreements , we pay hep fees to transport , store and throughput volumes of refined product and crude oil on hep 2019s pipeline and terminal , tankage and loading rack facilities that result in minimum annual payments to hep .under these agreements , the agreed upon tariff rates are subject to annual tariff rate adjustments on july 1 at a rate based upon the percentage change in producer price index ( 201cppi 201d ) or federal energy .
|
of the recorded net asset balance of rio grande at december 1 , 2009 , what percentage was cash?
|
13.7%
|
{
"answer": "13.7%",
"decimal": 0.13699999999999998,
"type": "percentage"
}
| |
contractual obligations by less than more than period as of june 30 , 2011 1 year 1-3 years 3-5 years 5 years total .
[['contractual obligations byperiod as of june 30 2011', 'less than1 year', '1-3 years', '3-5 years', 'more than5 years', 'total'], ['operating lease obligations', '$ 7185', '$ 10511', '$ 7004', '$ 1487', '$ 26187'], ['capital lease obligations', '3016', '-', '-', '-', '3016'], ['notes payable includingaccrued interest', '23087', '45431', '82508', '-', '151026'], ['purchase obligations', '10700', '-', '-', '-', '10700'], ['total', '$ 43988', '$ 55942', '$ 89512', '$ 1487', '$ 190929']]
recent accounting pronouncements in october 2009 , the fasb issued accounting standards update ( 201casu 201d ) no .2009-13 , multiple-deliverable revenue arrangements , which is effective for arrangements beginning or changed during fiscal years starting after june 15 , 2010 .this new standard eliminates the use of the residual method of revenue recognition and requires the allocation of consideration to each deliverable using the relative selling price method .this new guidance did not have a material impact on revenue recognition because nearly all of the company 2019s revenue arrangements are subject to accounting standards codification ( 201casc 201d ) topic 985 .such arrangements are considered out of scope for this asu .in october 2009 , the fasb also issued asu no .2009-14 , software : certain revenue arrangements that include software elements , which is also effective for arrangements beginning or changed during fiscal years starting after june 15 , 2010 .this revision to software ( topic 985 ) drops from its scope all tangible products containing both software and non-software components that operate together to deliver the product 2019s functions .the majority of the company 2019s software arrangements are not tangible products with software components ; therefore , this update did not materially impact the company .the fasb issued asu no .2011-04 , fair value measurement in may 2011 , which is effective for the company beginning july 1 , 2012 and is to be applied prospectively .the updated explanatory guidance on measuring fair value will be adopted by the company at that time and is not expected to have a significant impact on our fair value calculations .no additional fair value measurements are required as a result of the update .the fasb also issued asu no .2011-05 , comprehensive income in june 2011 , which is effective for the company beginning january 1 , 2012 and will be applied retrospectively .the updated guidance requires non-owner changes in stockholders 2019 equity to be reported either in a single continuous statement of comprehensive income or in two separate but consecutive statements , rather than as part of the statement of changes in stockholders 2019 equity .no changes in disclosure will be required as a result of the update .critical accounting policies we prepare our consolidated financial statements in accordance with accounting principles generally accepted in the united states ( 201cu.s .gaap 201d ) .the significant accounting policies are discussed in note 1 to the consolidated financial statements .the preparation of consolidated financial statements in accordance with u.s .gaap requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenue and expenses , as well as disclosure of contingent assets and liabilities .we base our estimates and judgments upon historical experience and other factors believed to be reasonable under the circumstances .changes in estimates or assumptions could result in a material adjustment to the consolidated financial statements .we have identified several critical accounting estimates .an accounting estimate is considered critical if both : ( a ) the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment involved , and ( b ) the impact of changes in the estimates and assumptions would have a material effect on the consolidated financial statements. .
|
what was the percent of the total operating lease obligations that was due in less than 1 year
|
27.4%
|
{
"answer": "27.4%",
"decimal": 0.27399999999999997,
"type": "percentage"
}
| |
entergy corporation and subsidiaries management's financial discussion and analysis the purchased power capacity variance is primarily due to higher capacity charges .a portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges .the volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period .hurricane gustav and hurricane ike , which hit the utility's service territories in september 2008 , contributed an estimated $ 46 million to the decrease in electricity usage .industrial sales were also depressed by the continuing effects of the hurricanes and , especially in the latter part of the year , because of the overall decline of the economy , leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers .the decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes .the retail electric price variance is primarily due to : an increase in the attala power plant costs recovered through the power management rider by entergy mississippi .the net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by attala power plant costs in other operation and maintenance expenses , depreciation expenses , and taxes other than income taxes ; a storm damage rider that became effective in october 2007 at entergy mississippi ; and an energy efficiency rider that became effective in november 2007 at entergy arkansas .the establishment of the storm damage rider and the energy efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income .the retail electric price variance was partially offset by : the absence of interim storm recoveries through the formula rate plans at entergy louisiana and entergy gulf states louisiana which ceased upon the act 55 financing of storm costs in the third quarter 2008 ; and a credit passed on to customers as a result of the act 55 storm cost financings .refer to "liquidity and capital resources - hurricane katrina and hurricane rita" below and note 2 to the financial statements for a discussion of the interim recovery of storm costs and the act 55 storm cost financings .non-utility nuclear following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1839'], ['realized price changes', '309'], ['palisades acquisition', '98'], ['volume variance ( other than palisades )', '73'], ['fuel expenses ( other than palisades )', '-19 ( 19 )'], ['other', '34'], ['2008 net revenue', '$ 2334']]
as shown in the table above , net revenue for non-utility nuclear increased by $ 495 million , or 27% ( 27 % ) , in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power , additional production available from the acquisition of palisades in april 2007 , and fewer outage days .in addition to the refueling outages shown in the .
|
what portion of the increase in net revenue from non-utility nuclear is attributed to the palisades acquisition?
|
19.8%
|
{
"answer": "19.8%",
"decimal": 0.198,
"type": "percentage"
}
| |
.
[['buildings and improvements', '39'], ['office furniture and equipment', '5'], ['manufacturing and engineering equipment', '5'], ['vehicles', '5']]
long-lived assets in accordance with sfas no .144 , accounting for the impairment or disposal of long-lived assets , the company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be fully recoverable .the carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset .that assessment is based on the carrying amount of the asset at the date it is tested for recoverability .an impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value .sfas no .142 , goodwill and other intangible assets , requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired .the company did not recognize any goodwill or intangible asset impairment charges in 2008 , 2007 , or 2006 .the company established reporting units based on its current reporting structure .for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting unit .sfas no .142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no .144 .the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years .dividends on june 6 , 2008 the board of directors declared a dividend of $ 0.75 per share to be paid on december 15 , 2008 to shareholders of record on december 1 , 2008 .the company paid out a dividend in the amount of $ 150251 .the dividend has been reported as a reduction of retained earnings .on august 1 , 2007 the board of directors declared a dividend of $ 0.75 per share to be paid on september 14 , 2007 to shareholders of record on august 15 , 2007 .the company paid out a dividend in the amount of $ 162531 .the dividend has been reported as a reduction of retained earnings .on april 26 , 2006 the board of directors declared a post-split dividend of $ 0.50 per share to be paid on december 15 , 2006 to shareholders of record on december 1 , 2006 .the company paid out a dividend in the amount of $ 107923 .the dividend has been reported as a reduction of retained earnings .approximately $ 186383 and $ 159210 of retained earnings are indefinitely restricted from distribution to stockholders pursuant to the laws of taiwan at december 27 , 2008 and december 29 , 2007 , respectively .intangible assets at december 27 , 2008 and december 29 , 2007 , the company had patents , license agreements , customer related intangibles and other identifiable finite-lived intangible assets recorded at a cost of $ 152104 and $ 159503 , respectively .the company 2019s excess purchase cost over fair value of net assets acquired ( goodwill ) was $ 127429 at december 27 , 2008 and $ 98494 at december 29 , 2007 .identifiable , finite-lived intangible assets are amortized over their estimated useful lives on a straight-line basis over three to ten years .accumulated amortization was $ 48579 and $ 59967 at december 27 , 2008 and december 29 , 2007 respectively .amortization expense was $ 30874 , $ 26942 , and $ 21147 , for the years ended .
|
considering the year 2007 , how many shares belonged to the shareholders?
|
216708
|
{
"answer": "216708",
"decimal": 216708,
"type": "float"
}
|
if the company paid out $ 0.75 per share , then the number of shares of the stockholders is going to be the total amount of dividends paid ( $ 162531 ) divided by $ 0.75 .
|
american tower corporation and subsidiaries notes to consolidated financial statements six-month offering period .the weighted average fair value per share of espp share purchase options during the year ended december 31 , 2014 , 2013 and 2012 was $ 14.83 , $ 13.42 and $ 13.64 , respectively .at december 31 , 2014 , 3.4 million shares remain reserved for future issuance under the plan .key assumptions used to apply the black-scholes pricing model for shares purchased through the espp for the years ended december 31 , are as follows: .
[['', '2014', '2013', '2012'], ['range of risk-free interest rate', '0.06% ( 0.06 % ) 2013 0.11% ( 0.11 % )', '0.07% ( 0.07 % ) 2013 0.13% ( 0.13 % )', '0.05% ( 0.05 % ) 2013 0.12% ( 0.12 % )'], ['weighted average risk-free interest rate', '0.09% ( 0.09 % )', '0.10% ( 0.10 % )', '0.08% ( 0.08 % )'], ['expected life of shares', '6 months', '6 months', '6 months'], ['range of expected volatility of underlying stock price over the option period', '11.29% ( 11.29 % ) 2013 16.59% ( 16.59 % )', '12.21% ( 12.21 % ) 2013 13.57% ( 13.57 % )', '33.16% ( 33.16 % ) 2013 33.86% ( 33.86 % )'], ['weighted average expected volatility of underlying stock price', '14.14% ( 14.14 % )', '12.88% ( 12.88 % )', '33.54% ( 33.54 % )'], ['expected annual dividend yield', '1.50% ( 1.50 % )', '1.50% ( 1.50 % )', '1.50% ( 1.50 % )']]
16 .equity mandatory convertible preferred stock offering 2014on may 12 , 2014 , the company completed a registered public offering of 6000000 shares of its 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , par value $ 0.01 per share ( the 201cmandatory convertible preferred stock 201d ) .the net proceeds of the offering were $ 582.9 million after deducting commissions and estimated expenses .the company used the net proceeds from this offering to fund acquisitions , including the acquisition from richland , initially funded by indebtedness incurred under the 2013 credit facility .unless converted earlier , each share of the mandatory convertible preferred stock will automatically convert on may 15 , 2017 , into between 0.9174 and 1.1468 shares of common stock , depending on the applicable market value of the common stock and subject to anti-dilution adjustments .subject to certain restrictions , at any time prior to may 15 , 2017 , holders of the mandatory convertible preferred stock may elect to convert all or a portion of their shares into common stock at the minimum conversion rate then in effect .dividends on shares of mandatory convertible preferred stock are payable on a cumulative basis when , as and if declared by the company 2019s board of directors ( or an authorized committee thereof ) at an annual rate of 5.25% ( 5.25 % ) on the liquidation preference of $ 100.00 per share , on february 15 , may 15 , august 15 and november 15 of each year , commencing on august 15 , 2014 to , and including , may 15 , 2017 .the company may pay dividends in cash or , subject to certain limitations , in shares of common stock or any combination of cash and shares of common stock .the terms of the mandatory convertible preferred stock provide that , unless full cumulative dividends have been paid or set aside for payment on all outstanding mandatory convertible preferred stock for all prior dividend periods , no dividends may be declared or paid on common stock .stock repurchase program 2014in march 2011 , the board of directors approved a stock repurchase program , pursuant to which the company is authorized to purchase up to $ 1.5 billion of common stock ( 201c2011 buyback 201d ) .in september 2013 , the company temporarily suspended repurchases in connection with its acquisition of mipt .under the 2011 buyback , the company is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices in accordance with securities laws and other legal requirements , and subject to market conditions and other factors .to facilitate repurchases , the company .
|
assuming a weighted average fair value per share equal to the average december 31 , 2014 cost , what would be the total expense for issuance of the remaining plan shares at 12/31/14?
|
50422000
|
{
"answer": "50422000",
"decimal": 50422000,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests .2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 .2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 .in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies .the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 .the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 .the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. .
[['$ in millions', 'as of december 2018', 'as of december 2017'], ['fair value of retained interests', '$ 3151', '$ 2071'], ['weighted average life ( years )', '7.2', '6.0'], ['constant prepayment rate', '11.9% ( 11.9 % )', '9.4% ( 9.4 % )'], ['impact of 10% ( 10 % ) adverse change', '$ -27 ( 27 )', '$ -19 ( 19 )'], ['impact of 20% ( 20 % ) adverse change', '$ -53 ( 53 )', '$ -35 ( 35 )'], ['discount rate', '4.7% ( 4.7 % )', '4.2% ( 4.2 % )'], ['impact of 10% ( 10 % ) adverse change', '$ -75 ( 75 )', '$ -35 ( 35 )'], ['impact of 20% ( 20 % ) adverse change', '$ -147 ( 147 )', '$ -70 ( 70 )']]
in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests .2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear .2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption .in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above .2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value .2030 the discount rate for retained interests that relate to u.s .government agency-issued collateralized mortgage obligations does not include any credit loss .expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests .the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 .due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 .the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 .note 12 .variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns .the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds .certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk .vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie .the debt and equity securities issued by a vie may include tranches of varying levels of subordination .the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below .see note 11 for further information about securitization activities , including the definition of beneficial interests .see note 3 for the firm 2019s consolidation policies , including the definition of a vie .goldman sachs 2018 form 10-k 149 .
|
what is the growth rate in the fair value of retained interests in 2018 compare to 2017?
|
54.0%
|
{
"answer": "54.0%",
"decimal": 0.54,
"type": "percentage"
}
| |
3 .discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment .this business has been accounted for as a discontinued operation .in the third quarter of 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) .the sale proceeds included 20ac110 million ( $ 144 ) that was contingent on the outcome of certain retender arrangements .these proceeds were reflected in payables and accrued liabilities on our consolidated balance sheet as of 30 september 2013 .based on the outcome of the retenders , we were contractually required to return proceeds to the linde group .in the fourth quarter of 2014 , we made a payment to settle this liability and recognized a gain of $ 1.5 .during the third quarter of 2012 , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value .in the fourth quarter of 2013 , an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) was recorded to update our estimate of the net realizable value .in the first quarter of 2014 , we sold the remaining portion of the homecare business for a36.1 million ( $ 9.8 ) and recorded a gain on sale of $ 2.4 .we entered into an operations guarantee related to the obligations under certain homecare contracts assigned in connection with the transaction .refer to note 16 , commitments and contingencies , for additional information .the results of discontinued operations are summarized below: .
[['', '2014', '2013', '2012'], ['sales', '$ 8.5', '$ 52.3', '$ 258.0'], ['income before taxes', '$ .7', '$ 3.8', '$ 68.1'], ['income tax provision', '2014', '.2', '20.8'], ['income from operations of discontinued operations', '.7', '3.6', '47.3'], ['gain ( loss ) on sale of business and impairment/write-down net of tax', '3.9', '-13.6 ( 13.6 )', '120.8'], ['income ( loss ) from discontinued operations net of tax', '$ 4.6', '$ -10.0 ( 10.0 )', '$ 168.1']]
the assets and liabilities classified as discontinued operations for the homecare business at 30 september 2013 consisted of $ 2.5 in trade receivables , net , and $ 2.4 in payables and accrued liabilities .as of 30 september 2014 , no assets or liabilities were classified as discontinued operations. .
|
considering the year 2014 , what is the percentage of income from operations of discontinued operations concerning income from discontinued operations net of tax?
|
15.21%
|
{
"answer": "15.21%",
"decimal": 0.1521,
"type": "percentage"
}
|
it is the value of the income from operations of discontinued operations divided by the total income from discontinued operations net of tax's , then turned into a percentage .
|
analog devices , inc .notes to consolidated financial statements 2014 ( continued ) a summary of the company 2019s restricted stock unit award activity as of october 31 , 2015 and changes during the fiscal year then ended is presented below : restricted stock units outstanding ( in thousands ) weighted- average grant- date fair value per share .
[['', 'restrictedstock unitsoutstanding ( in thousands )', 'weighted-average grant-date fair valueper share'], ['restricted stock units outstanding at november 1 2014', '3188', '$ 43.46'], ['units granted', '818', '$ 52.25'], ['restrictions lapsed', '-1151 ( 1151 )', '$ 39.72'], ['forfeited', '-157 ( 157 )', '$ 45.80'], ['restricted stock units outstanding at october 31 2015', '2698', '$ 47.59']]
as of october 31 , 2015 , there was $ 108.8 million of total unrecognized compensation cost related to unvested share- based awards comprised of stock options and restricted stock units .that cost is expected to be recognized over a weighted- average period of 1.3 years .the total grant-date fair value of shares that vested during fiscal 2015 , 2014 and 2013 was approximately $ 65.6 million , $ 57.4 million and $ 63.9 million , respectively .common stock repurchase program the company 2019s common stock repurchase program has been in place since august 2004 .in the aggregate , the board of directors have authorized the company to repurchase $ 5.6 billion of the company 2019s common stock under the program .under the program , the company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions .unless terminated earlier by resolution of the company 2019s board of directors , the repurchase program will expire when the company has repurchased all shares authorized under the program .as of october 31 , 2015 , the company had repurchased a total of approximately 140.7 million shares of its common stock for approximately $ 5.0 billion under this program .an additional $ 544.5 million remains available for repurchase of shares under the current authorized program .the repurchased shares are held as authorized but unissued shares of common stock .the company also , from time to time , repurchases shares in settlement of employee minimum tax withholding obligations due upon the vesting of restricted stock units or the exercise of stock options .the withholding amount is based on the employees minimum statutory withholding requirement .any future common stock repurchases will be dependent upon several factors , including the company's financial performance , outlook , liquidity and the amount of cash the company has available in the united states .preferred stock the company has 471934 authorized shares of $ 1.00 par value preferred stock , none of which is issued or outstanding .the board of directors is authorized to fix designations , relative rights , preferences and limitations on the preferred stock at the time of issuance .4 .industry , segment and geographic information the company operates and tracks its results in one reportable segment based on the aggregation of six operating segments .the company designs , develops , manufactures and markets a broad range of integrated circuits ( ics ) .the chief executive officer has been identified as the company's chief operating decision maker .the company has determined that all of the company's operating segments share the following similar economic characteristics , and therefore meet the criteria established for operating segments to be aggregated into one reportable segment , namely : 2022 the primary source of revenue for each operating segment is the sale of integrated circuits .2022 the integrated circuits sold by each of the company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the company 2019s own production facilities or by third-party wafer fabricators using proprietary processes .2022 the company sells its products to tens of thousands of customers worldwide .many of these customers use products spanning all operating segments in a wide range of applications .2022 the integrated circuits marketed by each of the company's operating segments are sold globally through a direct sales force , third-party distributors , independent sales representatives and via our website to the same types of customers .all of the company's operating segments share a similar long-term financial model as they have similar economic characteristics .the causes for variation in operating and financial performance are the same among the company's operating segments and include factors such as ( i ) life cycle and price and cost fluctuations , ( ii ) number of competitors , ( iii ) product .
|
what is the growth rate in the fair value of the total restricted stock units outstanding in 2015?
|
-10.1%
|
{
"answer": "-10.1%",
"decimal": -0.10099999999999999,
"type": "percentage"
}
| |
58 2016 annual report note 12 .business acquisition bayside business solutions , inc .effective july 1 , 2015 , the company acquired all of the equity interests of bayside business solutions , an alabama-based company that provides technology solutions and payment processing services primarily for the financial services industry , for $ 10000 paid in cash .this acquisition was funded using existing operating cash .the acquisition of bayside business solutions expanded the company 2019s presence in commercial lending within the industry .management has completed a purchase price allocation of bayside business solutions and its assessment of the fair value of acquired assets and liabilities assumed .the recognized amounts of identifiable assets acquired and liabilities assumed , based upon their fair values as of july 1 , 2015 are set forth below: .
[['current assets', '$ 1922'], ['long-term assets', '253'], ['identifiable intangible assets', '5005'], ['total liabilities assumed', '-3279 ( 3279 )'], ['total identifiable net assets', '3901'], ['goodwill', '6099'], ['net assets acquired', '$ 10000']]
the goodwill of $ 6099 arising from this acquisition consists largely of the growth potential , synergies and economies of scale expected from combining the operations of the company with those of bayside business solutions , together with the value of bayside business solutions 2019 assembled workforce .goodwill from this acquisition has been allocated to our banking systems and services segment .the goodwill is not expected to be deductible for income tax purposes .identifiable intangible assets from this acquisition consist of customer relationships of $ 3402 , $ 659 of computer software and other intangible assets of $ 944 .the weighted average amortization period for acquired customer relationships , acquired computer software , and other intangible assets is 15 years , 5 years , and 20 years , respectively .current assets were inclusive of cash acquired of $ 1725 .the fair value of current assets acquired included accounts receivable of $ 178 .the gross amount of receivables was $ 178 , none of which was expected to be uncollectible .during fiscal year 2016 , the company incurred $ 55 in costs related to the acquisition of bayside business solutions .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of bayside business solutions 2019 operations included in the company 2019s consolidated statement of income for the twelve months ended june 30 , 2016 included revenue of $ 4273 and after-tax net income of $ 303 .the accompanying consolidated statements of income for the fiscal year ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided .banno , llc effective march 1 , 2014 , the company acquired all of the equity interests of banno , an iowa-based company that provides web and transaction marketing services with a focus on the mobile medium , for $ 27910 paid in cash .this acquisition was funded using existing operating cash .the acquisition of banno expanded the company 2019s presence in online and mobile technologies within the industry .during fiscal year 2014 , the company incurred $ 30 in costs related to the acquisition of banno .these costs included fees for legal , valuation and other fees .these costs were included within general and administrative expenses .the results of banno's operations included in the company's consolidated statements of income for the year ended june 30 , 2016 included revenue of $ 6393 and after-tax net loss of $ 1289 .for the year ended june 30 , 2015 , our consolidated statements of income included revenue of $ 4175 and after-tax net loss of $ 1784 attributable to banno .the results of banno 2019s operations included in the company 2019s consolidated statement of operations from the acquisition date to june 30 , 2014 included revenue of $ 848 and after-tax net loss of $ 1121 .the accompanying consolidated statements of income for the twelve month period ended june 30 , 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date .the impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided. .
|
what was the percent of the ash in the current assets acquired
|
89.7%
|
{
"answer": "89.7%",
"decimal": 0.897,
"type": "percentage"
}
| |
4 .business restructuring and cost reduction plans we recorded charges in 2013 and 2012 for business restructuring and cost reduction plans .these charges are reflected on the consolidated income statements as 201cbusiness restructuring and cost reduction plans . 201d the charges for these plans have been excluded from segment operating income .2013 plan during the fourth quarter of 2013 , we recorded an expense of $ 231.6 ( $ 157.9 after-tax , or $ .74 per share ) reflecting actions to better align our cost structure with current market conditions .these charges include $ 100.4 for asset actions and $ 58.5 for the final settlement of a long-term take-or-pay silane contract primarily impacting the electronics business due to continued weakness in the photovoltaic ( pv ) and light-emitting diode ( led ) markets .in addition , $ 71.9 was recorded for severance , benefits , and other contractual obligations associated with the elimination of approximately 700 positions and executive changes .these charges primarily impact our merchant gases businesses and corporate functions .the actions are in response to weaker than expected business conditions in europe and asia , reorganization of our operations and functional areas , and previously announced senior executive changes .the planned actions are expected to be completed by the end of fiscal year 2014 .the 2013 charges relate to the businesses at the segment level as follows : $ 61.0 in merchant gases , $ 28.6 in tonnage gases , $ 141.0 in electronics and performance materials , and $ 1.0 in equipment and energy .the following table summarizes the carrying amount of the accrual for the 2013 plan at 30 september 2013 : severance and other benefits actions contract actions/ other total .
[['', 'severance and other benefits', 'asset actions', 'contract actions/ other', 'total'], ['2013 charge', '$ 71.9', '$ 100.4', '$ 59.3', '$ 231.6'], ['amount reflected in pension liability', '-6.9 ( 6.9 )', '2014', '2014', '-6.9 ( 6.9 )'], ['noncash expenses', '2014', '-100.4 ( 100.4 )', '2014', '-100.4 ( 100.4 )'], ['cash expenditures', '-3.0 ( 3.0 )', '2014', '-58.5 ( 58.5 )', '-61.5 ( 61.5 )'], ['currency translation adjustment', '.4', '2014', '2014', '.4'], ['accrued balance', '$ 62.4', '$ 2014', '$ .8', '$ 63.2']]
2012 plans in 2012 , we recorded an expense of $ 327.4 ( $ 222.4 after-tax , or $ 1.03 per share ) for business restructuring and cost reduction plans in our polyurethane intermediates ( pui ) , electronics , and european merchant businesses .during the second quarter of 2012 , we recorded an expense of $ 86.8 ( $ 60.6 after-tax , or $ .28 per share ) for actions to remove stranded costs resulting from our decision to exit the homecare business , the reorganization of the merchant business , and actions to right-size our european cost structure in light of the challenging economic outlook .the charge related to the businesses at the segment level as follows : $ 77.3 in merchant gases , $ 3.8 in tonnage gases , and $ 5.7 in electronics and performance materials .as of 30 september 2013 , the planned actions were completed .during the fourth quarter of 2012 , we took actions to exit the pui business to improve costs , resulting in a net expense of $ 54.6 ( $ 34.8 after-tax , or $ .16 per share ) .we sold certain assets and the rights to a supply contract for $ 32.7 in cash at closing .in connection with these actions , we recognized an expense of $ 26.6 , for the net book value of assets sold and those committed to be disposed of other than by sale .the remaining charge was primarily related to contract terminations and an environmental liability .our pui production facility in pasadena , texas is currently being dismantled , with completion expected in fiscal year 2014 .the costs to dismantle are expensed as incurred and reflected in continuing operations in the tonnage gases business segment .during the fourth quarter of 2012 , we completed an assessment of our position in the pv market , resulting in $ 186.0 of expense ( $ 127.0 after-tax , or $ .59 per share ) primarily related to the electronics and performance materials segment .air products supplies the pv market with both bulk and on-site supply of gases , including silane .the pv market has not developed as expected , and as a result , the market capacity to produce silane is expected to exceed demand for the foreseeable future .included in the charge was an accrual of $ 93.5 for an offer that we made to terminate a long-term take-or-pay contract to purchase silane .a final settlement was reached with the supplier in the fourth quarter of 2013. .
|
considering the 2013 charge , what is the percentage of the asset actions on the total charge?
|
43.35%
|
{
"answer": "43.35%",
"decimal": 0.4335,
"type": "percentage"
}
|
it is the value of the asset actions divided by the total charge , then turned into a percentage .
|
22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
[['', '2011', '2012', '2013', '2014', '2015', '2016'], ['jkhy', '100.00', '116.62', '161.33', '206.53', '228.24', '312.11'], ['peer group', '100.00', '107.65', '126.89', '174.28', '219.46', '251.24'], ['s&p 500', '100.00', '105.45', '127.17', '158.46', '170.22', '177.02']]
this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends .total returns are calculated according to market capitalization of peer group members at the beginning of each period .peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses .companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. .heartland payment systems , inc .was removed from the peer group as it merged with global payments , inc .in april 2016. .
|
what was the percentage performance growth in the 5 year cumulative total return of peer group from 2014 to 2016
|
25.9%
|
{
"answer": "25.9%",
"decimal": 0.259,
"type": "percentage"
}
| |
item 1b .unresolved staff comments item 2 .properties the table below provides a summary of our containerboard mills , the principal products produced and each mill 2019s year-end 2011 annual practical maximum capacity based upon all of our paper machines 2019 production capabilities , as reported to the af&pa : location function capacity ( tons ) counce , tn .........................kraft linerboard mill 1043000 valdosta , ga .......................kraft linerboard mill 556000 tomahawk , wi ......................semi-chemical medium mill 538000 filer city , mi .......................semi-chemical medium mill 438000 .
[['location', 'function kraft linerboard mill kraft linerboard mill semi-chemical medium mill semi-chemical medium mill', 'capacity ( tons ) 1043000 556000 538000 438000'], ['counce tn', 'valdosta ga', 'tomahawk wi'], ['filer city mi', 'filer city mi', 'filer city mi'], ['total', '', '2575000']]
we currently own our four containerboard mills and 44 of our corrugated manufacturing operations ( 37 corrugated plants and seven sheet plants ) .we also own one warehouse and miscellaneous other property , which includes sales offices and woodlands management offices .these sales offices and woodlands management offices generally have one to four employees and serve as administrative offices .pca leases the space for four corrugated plants , 23 sheet plants , six regional design centers , and numerous other distribution centers , warehouses and facilities .the equipment in these leased facilities is , in virtually all cases , owned by pca , except for forklifts and other rolling stock which are generally leased .we lease the cutting rights to approximately 88000 acres of timberland located near our valdosta mill ( 77000 acres ) and our counce mill ( 11000 acres ) .on average , these cutting rights agreements have terms with approximately 12 years remaining .our corporate headquarters is located in lake forest , illinois .the headquarters facility is leased for the next ten years with provisions for two additional five year lease extensions .item 3 .legal proceedings during september and october 2010 , pca and eight other u.s .and canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the united states district court for the northern district of illinois , alleging violations of the sherman act .the lawsuits have been consolidated in a single complaint under the caption kleen products llc v packaging corp .of america et al .the consolidated complaint alleges that the defendants conspired to limit the supply of containerboard , and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from august 2005 to the time of filing of the complaints .the complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period .the complaint seeks treble damages and costs , including attorney 2019s fees .the defendants 2019 motions to dismiss the complaint were denied by the court in april 2011 .pca believes the allegations are without merit and will defend this lawsuit vigorously .however , as the lawsuit is in the early stages of discovery , pca is unable to predict the ultimate outcome or estimate a range of reasonably possible losses .pca is a party to various other legal actions arising in the ordinary course of our business .these legal actions cover a broad variety of claims spanning our entire business .as of the date of this filing , we believe it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on our financial condition , results of operations or cash flows. .
|
for the leased cutting rights to approximately 88000 acres of timberland , is the valdosta mill acreage greater than the counce mill acres?
|
yes
|
{
"answer": "yes",
"decimal": 1,
"type": "bool"
}
| |
- the increase in level 3 short-term borrowings and long-term debt of $ 2.8 billion and $ 7.3 billion , respectively , resulted from transfers in of level 2 positions as prices and other valuation inputs became unobservable , plus the additions of new issuances for fair value accounting was elected .items measured at fair value on a nonrecurring basis certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above .these include assets measured at cost that have been written down to fair value during the periods as a result of an impairment .in addition , assets such as loans held for sale that are measured at the lower of cost or market ( locom ) that were recognized at fair value below cost at the end of the period .the company recorded goodwill impairment charges of $ 9.6 billion as of december 31 , 2008 , as determined based on level 3 inputs .the primary cause of goodwill impairment was the overall weak industry outlook and continuing operating losses .these factors contributed to the overall decline in the stock price and the related market capitalization of citigroup .see note 19 , 201cgoodwill and intangible assets 201d on page 166 , for additional information on goodwill impairment .the company performed an impairment analysis of intangible assets related to the old lane multi-strategy hedge fund during the first quarter of 2008 .as a result , a pre-tax write-down of $ 202 million , representing the remaining unamortized balance of the intangible assets , was recorded during the first quarter of 2008 .the measurement of fair value was determined using level 3 input factors along with a discounted cash flow approach .during the fourth quarter of 2008 , the company performed an impairment analysis of japan's nikko asset management fund contracts which represent the rights to manage and collect fees on investor assets and are accounted for as indefinite-lived intangible assets .as a result , an impairment loss of $ 937 million pre-tax was recorded .the related fair value was determined using an income approach which relies on key drivers and future expectations of the business that are considered level 3 input factors .the fair value of loans measured on a locom basis is determined where possible using quoted secondary-market prices .such loans are generally classified in level 2 of the fair-value hierarchy given the level of activity in the market and the frequency of available quotes .if no such quoted price exists , the fair value of a loan is determined using quoted prices for a similar asset or assets , adjusted for the specific attributes of that loan .the following table presents all loans held-for-sale that are carried at locom as of december 31 , 2008 and december 31 , 2007 ( in billions ) : .
[['', 'aggregate cost', 'fair value', 'level 2', 'level 3'], ['december 31 2008', '$ 3.1', '$ 2.1', '$ 0.8', '$ 1.3'], ['december 31 2007', '33.6', '31.9', '5.1', '26.8']]
loans held-for-sale that are carried at locom as of december 31 , 2008 significantly declined compared to december 31 , 2007 because most of these loans were either sold or reclassified to held-for-investment category. .
|
what was the change in billions of loans held-for-sale that are carried at locom in the level 3 category from 2007 to 2008?
|
-25.5
|
{
"answer": "-25.5",
"decimal": -25.5,
"type": "float"
}
| |
our overall gross margin percentage decreased to 59.8% ( 59.8 % ) in 2013 from 62.1% ( 62.1 % ) in 2012 .the decrease in the gross margin percentage was primarily due to the gross margin percentage decrease in pccg .we derived most of our overall gross margin dollars in 2013 and 2012 from the sale of platforms in the pccg and dcg operating segments .our net revenue for 2012 , which included 52 weeks , decreased by $ 658 million , or 1% ( 1 % ) , compared to 2011 , which included 53 weeks .the pccg and dcg platform unit sales decreased 1% ( 1 % ) while average selling prices were unchanged .additionally , lower netbook platform unit sales and multi-comm average selling prices , primarily discrete modems , contributed to the decrease .these decreases were partially offset by our mcafee operating segment , which we acquired in the q1 2011 .mcafee contributed $ 469 million of additional revenue in 2012 compared to 2011 .our overall gross margin dollars for 2012 decreased by $ 606 million , or 2% ( 2 % ) , compared to 2011 .the decrease was due in large part to $ 494 million of excess capacity charges , as well as lower revenue from the pccg and dcg platform .to a lesser extent , approximately $ 390 million of higher unit costs on the pccg and dcg platform as well as lower netbook and multi-comm revenue contributed to the decrease .the decrease was partially offset by $ 643 million of lower factory start-up costs as we transition from our 22nm process technology to r&d of our next- generation 14nm process technology , as well as $ 422 million of charges recorded in 2011 to repair and replace materials and systems impacted by a design issue related to our intel ae 6 series express chipset family .the decrease was also partially offset by the two additional months of results from our acquisition of mcafee , which occurred on february 28 , 2011 , contributing approximately $ 334 million of additional gross margin dollars in 2012 compared to 2011 .the amortization of acquisition-related intangibles resulted in a $ 557 million reduction to our overall gross margin dollars in 2012 , compared to $ 482 million in 2011 , primarily due to acquisitions completed in q1 2011 .our overall gross margin percentage in 2012 was flat from 2011 as higher excess capacity charges and higher unit costs on the pccg and dcg platform were offset by lower factory start-up costs and no impact in 2012 for a design issue related to our intel 6 series express chipset family .we derived a substantial majority of our overall gross margin dollars in 2012 and 2011 from the sale of platforms in the pccg and dcg operating segments .pc client group the revenue and operating income for the pccg operating segment for each period were as follows: .
[['( in millions )', '2013', '2012', '2011'], ['net revenue', '$ 33039', '$ 34504', '$ 35624'], ['operating income', '$ 11827', '$ 13106', '$ 14840']]
net revenue for the pccg operating segment decreased by $ 1.5 billion , or 4% ( 4 % ) , in 2013 compared to 2012 .pccg platform unit sales were down 3% ( 3 % ) primarily on softness in traditional pc demand during the first nine months of the year .the decrease in revenue was driven by lower notebook and desktop platform unit sales which were down 4% ( 4 % ) and 2% ( 2 % ) , respectively .pccg platform average selling prices were flat , with 6% ( 6 % ) higher desktop platform average selling prices offset by 4% ( 4 % ) lower notebook platform average selling prices .operating income decreased by $ 1.3 billion , or 10% ( 10 % ) , in 2013 compared to 2012 , which was driven by $ 1.5 billion of lower gross margin , partially offset by $ 200 million of lower operating expenses .the decrease in gross margin was driven by $ 1.5 billion of higher factory start-up costs primarily on our next-generation 14nm process technology as well as lower pccg platform revenue .these decreases were partially offset by approximately $ 520 million of lower pccg platform unit costs , $ 260 million of lower excess capacity charges , and higher sell-through of previously non- qualified units .net revenue for the pccg operating segment decreased by $ 1.1 billion , or 3% ( 3 % ) , in 2012 compared to 2011 .pccg revenue was negatively impacted by the growth of tablets as these devices compete with pcs for consumer sales .platform average selling prices and unit sales decreased 2% ( 2 % ) and 1% ( 1 % ) , respectively .the decrease was driven by 6% ( 6 % ) lower notebook platform average selling prices and 5% ( 5 % ) lower desktop platform unit sales .these decreases were partially offset by a 4% ( 4 % ) increase in desktop platform average selling prices and a 2% ( 2 % ) increase in notebook platform unit sales .table of contents management 2019s discussion and analysis of financial condition and results of operations ( continued ) .
|
what was the operating margin for the pc client group in 2012?
|
38%
|
{
"answer": "38%",
"decimal": 0.38,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership .in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom .on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition .we funded the remaining purchase price with excess cash and our existing credit facilities .the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position .as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) .the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 .the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) .hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter .by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units .additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value .while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 .the purpose of this acquisition was to establish a presence in the united kingdom .the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom .the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples .the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs .the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition .the following table summarizes the preliminary purchase price allocation: .
[['', 'total'], ['goodwill', '$ 294741'], ['customer-related intangible assets', '116920'], ['contract-based intangible assets', '13437'], ['trademark', '2204'], ['property and equipment', '26955'], ['other current assets', '100'], ['total assets acquired', '454357'], ['minority interest in equity of subsidiary ( at historical cost )', '-13257 ( 13257 )'], ['net assets acquired', '$ 441100']]
due to the recent timing of the transaction , the allocation of the purchase price is preliminary .all of the goodwill associated with the acquisition is expected to be deductible for tax purposes .the customer-related intangible assets have amortization periods of up to 13 years .the contract-based intangible assets have amortization periods of 7 years .the trademark has an amortization period of 5 years. .
|
what is the interest expense of the loan for the first quarter?
|
1.8
|
{
"answer": "1.8",
"decimal": 1.8,
"type": "float"
}
| |
note 6 2014mergers and acquisitions eldertrust merger on february 5 , 2004 , the company consummated a merger transaction in an all cash transaction valued at $ 184 million ( the 201celdertrust transaction 201d ) .the eldertrust transaction adds nine assisted living facilities , one independent living facility , five skilled nursing facilities , two med- ical office buildings and a financial office building ( the 201celdertrust properties 201d ) to the company 2019s portfolio.the eldertrust properties are leased by the company to various operators under leases providing for aggregated , annual cash base rent of approxi- mately $ 16.2 million , subject to escalation as provided in the leases.the leases have remaining terms primarily ranging from four to 11 years.at the closing of the eldertrust transaction , the company also acquired all of the limited partnership units in eldertrust operating limited partnership ( 201cetop 201d ) directly from their owners at $ 12.50 per unit , excluding 31455 class c units in etop ( which will remain outstanding ) .etop owns directly or indirectly all of the eldertrust properties .the company funded the $ 101 million equity portion of the purchase price with cash on eldertrust 2019s balance sheet , a portion of the $ 85 million in proceeds from its december 2003 sale of ten facilities to kindred and draws on the company 2019s revolving credit facility ( the 201crevolving credit facility 201d ) under its second amended and restated security and guaranty agreement , dated as of april 17 , 2002 ( the 201c2002 credit agreement 201d ) .the company 2019s ownership of the eldertrust properties is subject to approximately $ 83 million of property level debt and other liabilities.at the close of the eldertrust transaction , eldertrust had approximately $ 33.5 million in unrestricted and restricted cash on hand .the acquisition was accounted for under the purchase method .the following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition .such estimates are subject to refinement as additional valuation information is received .operations from this merger will be reflected in the company 2019s consolidated financial state- ments for periods subsequent to the acquisition date of february 5 , 2004.the company is in the process of computing fair values , thus , the allocation of the purchase price is subject to refinement. .
[['', '( in millions )'], ['real estate investments', '$ 162'], ['cash and cash equivalents', '28'], ['other assets', '5'], ['total assets acquired', '$ 195'], ['notes payable and other debt', '83'], ['accounts payable and other accrued liabilities', '2'], ['total liabilities assumed', '85'], ['net assets acquired', '$ 110']]
transaction with brookdale on january 29 , 2004 , the company entered into 14 definitive purchase agreements ( each , a 201cbrookdale purchase agreement 201d ) with certain affiliates of brookdale living communities , inc .( 201cbrookdale 201d ) to purchase ( each such purchase , a 201cbrookdale acquisition 201d ) a total of 14 independent living or assisted living facilities ( each , a 201cbrookdale facility 201d ) for an aggregate purchase price of $ 115 million.affiliates of brookdale have agreed to lease and operate the brookdale facilities pursuant to one or more triple-net leases.all of the brookdale leases , which have an initial term of 15 years , will be guaranteed by brookdale and provide for aggregated annual base rent of approximately $ 10 million , escalating each year by the greater of ( i ) 1.5% ( 1.5 % ) or ( ii ) 75% ( 75 % ) of the consumer price index .the company expects to fund the brookdale acquisitions by assuming an aggregate of approximately $ 41 million of non- recourse property level debt on certain of the brookdale facilities , with the balance to be paid from cash on hand and/or draws on the revolving credit facility.the property level debt encumbers seven of the brookdale facilities .on january 29 , 2004 , the company completed the acquisitions of four brookdale facilities for an aggregate purchase price of $ 37 million.the company 2019s acquisition of the remaining ten brookdale facilities is expected to be completed shortly , subject to customary closing conditions .however , the consummation of each such brookdale acquisition is not conditioned upon the consummation of any other such brookdale acquisition and there can be no assurance which , if any , of such remaining brookdale acquisitions will be consummated or when they will be consummated .transactions with trans healthcare , inc .on november 4 , 2002 , the company , through its wholly owned subsidiary ventas realty , completed a $ 120.0 million transaction ( the 201cthi transaction 201d ) with trans healthcare , inc. , a privately owned long-term care and hospital company ( 201cthi 201d ) .the thi transaction was structured as a $ 53.0 million sale leaseback trans- action ( the 201cthi sale leaseback 201d ) and a $ 67.0 million loan ( the 201cthi loan 201d ) , comprised of a first mortgage loan ( the 201cthi senior loan 201d ) and a mezzanine loan ( the 201cthi mezzanine loan 201d ) .following a sale of the thi senior loan in december 2002 ( see below ) , the company 2019s investment in thi was $ 70.0 million .as part of the thi sale leasebackventas realty purchased 5 properties and is leasing them back to thi under a 201ctriple-net 201d master lease ( the 201cthi master lease 201d ) .the properties subject to the sale leaseback are four skilled nursing facilities and one con- tinuing care retirement community.the thi master lease , which has an initial term of ten years , provides for annual base rent of $ 5.9 million.the thi master lease provides that if thi meets specified revenue parameters , annual base rent will escalate each year by the greater of ( i ) three percent or ( ii ) 50% ( 50 % ) of the consumer price index .ventas , inc .page 37 annual report 2003 .
|
what percentage of total assets acquired were real estate investments?
|
83.1%
|
{
"answer": "83.1%",
"decimal": 0.831,
"type": "percentage"
}
| |
the new york stock exchange ( the 201cseparation 201d ) .the separation was effectuated through a pro-rata dividend distribution on july 2 , 2016 of all of the then-outstanding shares of common stock of fortive corporation to the holders of common stock of danaher as of june 15 , 2016 .in this annual report , the terms 201cfortive 201d or the 201ccompany 201d refer to either fortive corporation or to fortive corporation and its consolidated subsidiaries , as the context requires .reportable segments the table below describes the percentage of sales attributable to each of our two segments over each of the last three years ended december 31 , 2017 .for additional information regarding sales , operating profit and identifiable assets by segment , please refer to note 17 to the consolidated and combined financial statements included in this annual report. .
[['', '2017', '2016', '2015'], ['professional instrumentation', '47% ( 47 % )', '46% ( 46 % )', '48% ( 48 % )'], ['industrial technologies', '53% ( 53 % )', '54% ( 54 % )', '52% ( 52 % )']]
professional instrumentation our professional instrumentation segment offers essential products , software and services used to create actionable intelligence by measuring and monitoring a wide range of physical parameters in industrial applications , including electrical current , radio frequency signals , distance , pressure , temperature , radiation , and hazardous gases .customers for these products and services include industrial service , installation and maintenance professionals , designers and manufacturers of electronic devices and instruments , medical technicians , safety professionals and other customers for whom precision , reliability and safety are critical in their specific applications .2017 sales for this segment by geographic destination were : north america , 50% ( 50 % ) ; europe , 18% ( 18 % ) ; asia pacific , 26% ( 26 % ) , and all other regions , 6% ( 6 % ) .our professional instrumentation segment consists of our advanced instrumentation & solutions and sensing technologies businesses .our advanced instrumentation & solutions business was primarily established through the acquisitions of qualitrol in the 1980s , fluke corporation in 1998 , pacific scientific company in 1998 , tektronix in 2007 , invetech in 2007 , keithley instruments in 2010 , emaint in 2016 , industrial scientific in 2017 , landauer in 2017 and numerous bolt-on acquisitions .advanced instrumentation & solutions our advanced instrumentation & solutions business consists of : field solutions our field solutions products include a variety of compact professional test tools , thermal imaging and calibration equipment for electrical , industrial , electronic and calibration applications , online condition-based monitoring equipment ; portable gas detection equipment , consumables , and software as a service ( saas ) offerings including safety/user behavior , asset management , and compliance monitoring ; subscription-based technical , analytical , and compliance services to determine occupational and environmental radiation exposure ; and computerized maintenance management software for critical infrastructure in utility , industrial , energy , construction , public safety , mining , and healthcare applications .these products and associated software solutions measure voltage , current , resistance , power quality , frequency , pressure , temperature , radiation , hazardous gas and air quality , among other parameters .typical users of these products and software include electrical engineers , electricians , electronic technicians , safety professionals , medical technicians , network technicians , first-responders , and industrial service , installation and maintenance professionals .the business also makes and sells instruments , controls and monitoring and maintenance systems used by maintenance departments in utilities and industrial facilities to monitor assets , including transformers , generators , motors and switchgear .products are marketed under a variety of brands , including fluke , fluke biomedical , fluke networks , industrial scientific , landauer and qualitrol .product realization our product realization services and products help developers and engineers across the end-to-end product creation cycle from concepts to finished products .our test , measurement and monitoring products are used in the design , manufacturing and development of electronics , industrial , video and other advanced technologies .typical users of these products and services include research and development engineers who design , de-bug , monitor and validate the function and performance of electronic components , subassemblies and end-products , and video equipment manufacturers , content developers and broadcasters .the business also provides a full range of design , engineering and manufacturing services and highly-engineered , modular components to enable conceptualization , development and launch of products in the medical diagnostics , cell therapy and consumer markets .finally , the business designs , develops , manufactures and markets critical , highly-engineered energetic materials components in specialized vertical applications .products and services are marketed .
|
what was the change in percentage of sales attributable to industrial technologies from 2016 to 2017?
|
-1%
|
{
"answer": "-1%",
"decimal": -0.01,
"type": "percentage"
}
| |
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 s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .
[['', 'september 30 2006', 'september 30 2007', 'september 30 2008', 'september 30 2009', 'september 30 2010', 'september 30 2011'], ['apple inc .', '$ 100', '$ 199', '$ 148', '$ 241', '$ 369', '$ 495'], ['s&p 500', '$ 100', '$ 116', '$ 91', '$ 85', '$ 93', '$ 94'], ['s&p computer hardware', '$ 100', '$ 148', '$ 124', '$ 147', '$ 174', '$ 197'], ['dow jones us technology', '$ 100', '$ 123', '$ 94', '$ 104', '$ 117', '$ 120']]
.
|
what was the cumulative percentage return for the four years ended september 30 , 2010 for apple inc.?
|
269%
|
{
"answer": "269%",
"decimal": 2.69,
"type": "percentage"
}
| |
table of contents recoverability of goodwill is measured at the reporting unit level and begins with a qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test prescribed by gaap .for those reporting units where it is required , the first step compares the carrying amount of the reporting unit to its estimated fair value .if the estimated fair value of a reporting unit exceeds its carrying amount , goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary .to the extent that the carrying value of the reporting unit exceeds its estimated fair value , a second step is performed , wherein the reporting unit's carrying value of goodwill is compared to the implied fair value of goodwill .to the extent that the carrying value exceeds the implied fair value , impairment exists and must be recognized .the calculation of estimated fair value is based on two valuation techniques , a discounted cash flow model ( income approach ) and a market adjusted multiple of earnings and revenues ( market approach ) , with each method being weighted in the calculation .the implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination .the estimated fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit ( including any unrecognized intangible assets ) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit , as determined in the first step of the goodwill impairment test , was the price paid to acquire that reporting unit .recoverability of other intangible assets with indefinite useful lives ( i.e .trademarks ) is determined on a relief from royalty methodology ( income approach ) , which is based on the implied royalty paid , at an appropriate discount rate , to license the use of an asset rather than owning the asset .the present value of the after-tax cost savings ( i.e .royalty relief ) indicates the estimated fair value of the asset .any excess of the carrying value over the estimated fair value is recognized as an impairment loss equal to that excess .intangible assets such as patents , customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives .the weighted-average useful lives approximate the following: .
[['customer relationships', '25', 'years'], ['trademarks', '25', 'years'], ['completed technology/patents', '10', 'years'], ['other', '25', 'years']]
recoverability of intangible assets with finite useful lives is assessed in the same manner as property , plant and equipment as described above .income taxes : for purposes of the company 2019s consolidated financial statements for periods prior to the spin-off , income tax expense has been recorded as if the company filed tax returns on a stand-alone basis separate from ingersoll rand .this separate return methodology applies the accounting guidance for income taxes to the stand-alone financial statements as if the company was a stand-alone enterprise for the periods prior to the spin-off .therefore , cash tax payments and items of current and deferred taxes may not be reflective of the company 2019s actual tax balances prior to or subsequent to the spin-off .cash paid for income taxes for the year ended december 31 , 2015 was $ 80.6 million .the income tax accounts reflected in the consolidated balance sheets as of december 31 , 2015 and 2014 include income taxes payable and deferred taxes allocated to the company at the time of the spin-off .the calculation of the company 2019s income taxes involves considerable judgment and the use of both estimates and allocations .deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse .the company recognizes future tax benefits , such as net operating losses and tax credits , to the extent that realizing these benefits is considered in its judgment to be more likely than not .the company regularly reviews the recoverability of its deferred tax assets considering its historic profitability , projected future taxable income , timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies .where appropriate , the company records a valuation allowance with respect to a future tax benefit .product warranties : standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience .the company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims , or as new information becomes available. .
|
what is the difference between the weighted average useful lives of trademarks and patents , in number of years?\\n
|
15
|
{
"answer": "15",
"decimal": 15,
"type": "float"
}
|
it is the variation between those weighted-average useful lives .
|
the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2018 , 2017 and 2016 ( 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'], ['2018', '4447', '$ 2.23', '$ 9896', '23.6% ( 23.6 % )'], ['2017', '4352', '1.73', '7510', '19.6% ( 19.6 % )'], ['2016', '4347', '1.42', '6180', '17.6% ( 17.6 % )']]
as of december 31 , 2018 , 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 , economic sanctions imposed against oil-producing countries or specific industry participants , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in the cost to transport or store petroleum products , 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 .domestic and global regulatory landscape general airlines are subject to extensive domestic and international regulatory requirements .domestically , the dot and the federal aviation administration ( faa ) exercise significant regulatory authority over air carriers .the dot , among other things , oversees domestic and international codeshare agreements , international route authorities , competition and consumer protection matters such as advertising , denied boarding compensation and baggage liability .the antitrust division of the department of justice ( doj ) , along with the dot in certain instances , have jurisdiction over airline antitrust matters. .
|
what was the total aircraft fuel expense from 2016 to 2018 in millions
|
23586
|
{
"answer": "23586",
"decimal": 23586,
"type": "float"
}
| |
adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2014 and 2013 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .
[['', '2014', '2013'], ['beginning balance', '$ 136098', '$ 160468'], ['gross increases in unrecognized tax benefits 2013 prior year tax positions', '144', '20244'], ['gross increases in unrecognized tax benefits 2013 current year tax positions', '18877', '16777'], ['settlements with taxing authorities', '-995 ( 995 )', '-55851 ( 55851 )'], ['lapse of statute of limitations', '-1630 ( 1630 )', '-4066 ( 4066 )'], ['foreign exchange gains and losses', '-3646 ( 3646 )', '-1474 ( 1474 )'], ['ending balance', '$ 148848', '$ 136098']]
as of november 28 , 2014 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 14.6 million .we file income tax returns in the u.s .on a federal basis and in many u.s .state and foreign jurisdictions .we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .our major tax jurisdictions are ireland , california and the u.s .for ireland , california and the u.s. , the earliest fiscal years open for examination are 2008 , 2008 and 2010 , respectively .we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .in july 2013 , a u.s .income tax examination covering fiscal 2008 and 2009 was completed .our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable .we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 .the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both .given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million .note 10 .restructuring fiscal 2014 restructuring plan in the fourth quarter of fiscal 2014 , in order to better align our global resources for digital media and digital marketing , we initiated a restructuring plan to vacate our research and development facility in china and our sales and marketing facility in russia .this plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $ 18.8 million related to ongoing termination benefits for the positions eliminated .during fiscal 2015 , we intend to vacate both of these facilities .the amount accrued for the fair value of future contractual obligations under these operating leases was insignificant .other restructuring plans during the past several years , we have implemented other restructuring plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies .as of november 28 , 2014 , we considered our other restructuring plans to be substantially complete .we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant. .
|
for the july 2013 settled tax obligation resulting from the examination , what percent was recorded in the third quarter of fiscal 2013?
|
17.5%
|
{
"answer": "17.5%",
"decimal": 0.175,
"type": "percentage"
}
| |
nuclear decommissioning costs see 201cnuclear decommissioning costs 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for discussion of the estimates inherent in accounting for nuclear decommissioning costs .utility regulatory accounting see 201cutility regulatory accounting 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for discussion of accounting for the effects of rate regulation .unbilled revenue see 201cunbilled revenue 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for discussion of the estimates associated with the unbilled revenue amounts .impairment of long-lived assets and trust fund investments see 201cimpairment of long-lived assets and trust fund investments 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for discussion of the estimates associated with the impairment of long-lived assets and trust fund investments .taxation and uncertain tax positions see 201ctaxation and uncertain tax positions 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for further discussion .qualified pension and other postretirement benefits entergy arkansas 2019s qualified pension and other postretirement reported costs , as described in note 11 to the financial statements , are impacted by numerous factors including the provisions of the plans , changing employee demographics , and various actuarial calculations , assumptions , and accounting mechanisms . a0 a0 a0see the 201cqualified pension and other postretirement benefits 201d in the 201ccritical accounting estimates 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for further discussion . a0 a0because of the complexity of these calculations , the long-term nature of these obligations , and the importance of the assumptions utilized , entergy 2019s estimate of these costs is a critical accounting estimate .costs and sensitivities the following chart reflects the sensitivity of qualified pension cost and qualified projected benefit obligation to changes in certain actuarial assumptions ( dollars in thousands ) .actuarial assumption change in assumption impact on 2018 qualified pension cost impact on 2017 qualified projected benefit obligation increase/ ( decrease ) .
[['actuarial assumption', 'change in assumption', 'impact on 2018 qualified pension cost increase/ ( decrease )', 'impact on 2017 qualified projected benefit obligation'], ['discount rate', '( 0.25% ( 0.25 % ) )', '$ 3107', '$ 47040'], ['rate of return on plan assets', '( 0.25% ( 0.25 % ) )', '$ 2914', '$ -'], ['rate of increase in compensation', '0.25% ( 0.25 % )', '$ 1353', '$ 6446']]
entergy arkansas , inc .and subsidiaries management 2019s financial discussion and analysis .
|
what was the ratio of the discount rate on the impact on 2017 qualified projected benefit obligation to the impact on 2018 qualified pension cost increase
|
15.1
|
{
"answer": "15.1",
"decimal": 15.1,
"type": "float"
}
| |
marketing we are a supplier of gasoline and distillates to resellers and consumers within our market area in the midwest , upper great plains , gulf coast and southeastern regions of the united states .in 2007 , our refined products sales volumes totaled 21.6 billion gallons , or 1.410 mmbpd .the average sales price of our refined products in aggregate was $ 86.53 per barrel for 2007 .the following table sets forth our refined products sales by product group and our average sales price for each of the last three years .refined product sales ( thousands of barrels per day ) 2007 2006 2005 .
[['( thousands of barrels per day )', '2007', '2006', '2005'], ['gasoline', '791', '804', '836'], ['distillates', '377', '375', '385'], ['propane', '23', '23', '22'], ['feedstocks and special products', '103', '106', '96'], ['heavy fuel oil', '29', '26', '29'], ['asphalt', '87', '91', '87'], ['total ( a )', '1410', '1425', '1455'], ['average sales price ( dollars per barrel )', '$ 86.53', '$ 77.76', '$ 66.42']]
total ( a ) 1410 1425 1455 average sales price ( dollars per barrel ) $ 86.53 $ 77.76 $ 66.42 ( a ) includes matching buy/sell volumes of 24 mbpd and 77 mbpd in 2006 and 2005 .on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .this change resulted in lower refined products sales volumes for 2007 and the remainder of 2006 than would have been reported under our previous accounting practices .see note 2 to the consolidated financial statements .the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 69 percent of our refined products sales volumes in 2007 .we sold 49 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis .half of our propane is sold into the home heating market , with the balance being purchased by industrial consumers .propylene , cumene , aromatics , aliphatics and sulfur are domestically marketed to customers in the chemical industry .base lube oils , maleic anhydride , slack wax , extract and pitch are sold throughout the united states and canada , with pitch products also being exported worldwide .we market asphalt through owned and leased terminals throughout the midwest , upper great plains , gulf coast and southeastern regions of the united states .our customer base includes approximately 750 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers .we have blended ethanol with gasoline for over 15 years and increased our blending program in 2007 , in part due to renewable fuel mandates .we blended 41 mbpd of ethanol into gasoline in 2007 and 35 mbpd in both 2006 and 2005 .the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations .we sell reformulated gasoline in parts of our marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois , and we sell low-vapor-pressure gasoline in nine states .we also sell biodiesel in minnesota , illinois and kentucky .as of december 31 , 2007 , we supplied petroleum products to about 4400 marathon branded-retail outlets located primarily in ohio , michigan , indiana , kentucky and illinois .branded retail outlets are also located in georgia , florida , minnesota , wisconsin , north carolina , tennessee , west virginia , virginia , south carolina , alabama , pennsylvania , and texas .sales to marathon-brand jobbers and dealers accounted for 16 percent of our refined product sales volumes in 2007 .speedway superamerica llc ( 201cssa 201d ) , our wholly-owned subsidiary , sells gasoline and diesel fuel primarily through retail outlets that we operate .sales of refined products through these ssa retail outlets accounted for 15 percent of our refined products sales volumes in 2007 .as of december 31 , 2007 , ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 201cspeedway 201d and 201csuperamerica . 201d ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.796 billion in 2007 , compared with $ 2.706 billion in 2006 .profit levels from the sale of such merchandise and services tend to be less volatile than profit levels from the retail sale of gasoline and diesel fuel .ssa also operates 59 valvoline instant oil change retail outlets located in michigan and northwest ohio .pilot travel centers llc ( 201cptc 201d ) , our joint venture with pilot corporation ( 201cpilot 201d ) , is the largest operator of travel centers in the united states with 286 locations in 37 states and canada at december 31 , 2007 .the travel centers offer diesel fuel , gasoline and a variety of other services , including on-premises brand-name restaurants at many locations .pilot and marathon each own a 50 percent interest in ptc. .
|
based on the average sales price listed above , what was the refined product sales total for 2007?
|
$ 122007.30
|
{
"answer": "$ 122007.30",
"decimal": 122007.3,
"type": "money"
}
| |
2022 higher 2017 sales volumes , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives , costs associated with various growth investments made in 2016 and changes in currency exchange rates , partially offset by incremental year-over-year costs associated with various product development and sales and marketing growth investments : 60 basis points year-over-year operating profit margin comparisons were unfavorably impacted by : 2022 the incremental year-over-year net dilutive effect of acquired businesses : 20 basis points 2016 compared to 2015 year-over-year price increases in the segment contributed 0.3% ( 0.3 % ) to sales growth during 2016 as compared to 2015 and are reflected as a component of the change in sales from existing businesses .sales from existing businesses in the segment 2019s transportation technologies businesses grew at a high-single digit rate during 2016 as compared to 2015 , due primarily to strong demand for dispenser , payment and point-of-sale systems , environmental compliance products as well as vehicle and fleet management products , partly offset by weaker year-over-year demand for compressed natural gas products .as expected , beginning in the second half of 2016 , the business began to experience reduced emv-related demand for indoor point-of-sale solutions , as customers had largely upgraded to products that support indoor emv requirements in the prior year in response to the indoor liability shift .however , demand increased on a year-over-year basis for dispensers and payment systems as customers in the united states continued to upgrade equipment driven primarily by the emv deadlines related to outdoor payment systems .geographically , sales from existing businesses continued to increase on a year-over-year basis in the united states and to a lesser extent in asia and western europe .sales from existing businesses in the segment 2019s automation & specialty components business declined at a low-single digit rate during 2016 as compared to 2015 .the businesses experienced sequential year-over-year improvement in demand during the second half of 2016 as compared to the first half of 2016 .during 2016 , year-over-year demand declined for engine retarder products due primarily to weakness in the north american heavy-truck market , partly offset by strong growth in china and europe .in addition , year-over-year demand declined in certain medical and defense related end markets which were partly offset by increased year-over-year demand for industrial automation products particularly in china .geographically , sales from existing businesses in the segment 2019s automation & specialty components businesses declined in north america , partly offset by growth in western europe and china .sales from existing businesses in the segment 2019s franchise distribution business grew at a mid-single digit rate during 2016 , as compared to 2015 , due primarily to continued net increases in franchisees as well as continued growth in demand for professional tool products and tool storage products , primarily in the united states .this growth was partly offset by year- over-year declines in wheel service equipment sales during 2016 .operating profit margins increased 70 basis points during 2016 as compared to 2015 .the following factors favorably impacted year-over-year operating profit margin comparisons : 2022 higher 2016 sales volumes , pricing improvements , incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives and the incrementally favorable impact of the impairment of certain tradenames used in the segment in 2015 and 2016 , net of costs associated with various growth investments , product development and sales and marketing growth investments , higher year-over-year costs associated with restructuring actions and changes in currency exchange rates : 65 basis points 2022 the incremental net accretive effect in 2016 of acquired businesses : 5 basis points cost of sales and gross profit .
[['( $ in millions )', 'for the year ended december 31 2017', 'for the year ended december 31 2016', 'for the year ended december 31 2015'], ['sales', '$ 6656.0', '$ 6224.3', '$ 6178.8'], ['cost of sales', '-3357.5 ( 3357.5 )', '-3191.5 ( 3191.5 )', '-3178.8 ( 3178.8 )'], ['gross profit', '3298.5', '3032.8', '3000.0'], ['gross profit margin', '49.6% ( 49.6 % )', '48.7% ( 48.7 % )', '48.6% ( 48.6 % )']]
the year-over-year increase in cost of sales during 2017 as compared to 2016 is due primarily to the impact of higher year- over-year sales volumes and changes in currency exchange rates partly offset by incremental year-over-year cost savings .
|
what was the percentage change in sales from 2015 to 2016?
|
1%
|
{
"answer": "1%",
"decimal": 0.01,
"type": "percentage"
}
| |
notional amounts and derivative receivables marked to market ( 201cmtm 201d ) notional amounts ( a ) derivative receivables mtm as of december 31 .
[['as of december 31 , ( in billions )', 'as of december 31 , 2005', 'as of december 31 , 2004', '2005', '2004'], ['interest rate', '$ 38493', '$ 37022', '$ 30', '$ 46'], ['foreign exchange', '2136', '1886', '3', '8'], ['equity', '458', '434', '6', '6'], ['credit derivatives', '2241', '1071', '4', '3'], ['commodity', '265', '101', '7', '3'], ['total', '$ 43593', '$ 40514', '50', '66'], ['collateral held againstderivative receivables', 'na', 'na', '-6 ( 6 )', '-9 ( 9 )'], ['exposure net of collateral', 'na', 'na', '$ 44 ( b )', '$ 57 ( c )']]
( a ) the notional amounts represent the gross sum of long and short third-party notional derivative contracts , excluding written options and foreign exchange spot contracts , which significantly exceed the possible credit losses that could arise from such transactions .for most derivative transactions , the notional principal amount does not change hands ; it is used simply as a reference to calculate payments .( b ) the firm held $ 33 billion of collateral against derivative receivables as of december 31 , 2005 , consisting of $ 27 billion in net cash received under credit support annexes to legally enforceable master netting agreements , and $ 6 billion of other liquid securities collateral .the benefit of the $ 27 billion is reflected within the $ 50 billion of derivative receivables mtm .excluded from the $ 33 billion of collateral is $ 10 billion of collateral delivered by clients at the initiation of transactions ; this collateral secures exposure that could arise in the derivatives portfolio should the mtm of the client 2019s transactions move in the firm 2019s favor .also excluded are credit enhancements in the form of letters of credit and surety receivables .( c ) the firm held $ 41 billion of collateral against derivative receivables as of december 31 , 2004 , consisting of $ 32 billion in net cash received under credit support annexes to legally enforceable master netting agreements , and $ 9 billion of other liquid securities collateral .the benefit of the $ 32 billion is reflected within the $ 66 billion of derivative receivables mtm .excluded from the $ 41 billion of collateral is $ 10 billion of collateral delivered by clients at the initiation of transactions ; this collateral secures exposure that could arise in the derivatives portfolio should the mtm of the client 2019s transactions move in the firm 2019s favor .also excluded are credit enhancements in the form of letters of credit and surety receivables .management 2019s discussion and analysis jpmorgan chase & co .68 jpmorgan chase & co ./ 2005 annual report 1 year 2 years 5 years 10 years mdp avgavgdredre exposure profile of derivatives measures december 31 , 2005 ( in billions ) the following table summarizes the aggregate notional amounts and the reported derivative receivables ( i.e. , the mtm or fair value of the derivative contracts after taking into account the effects of legally enforceable master netting agreements ) at each of the dates indicated : the mtm of derivative receivables contracts represents the cost to replace the contracts at current market rates should the counterparty default .when jpmorgan chase has more than one transaction outstanding with a counter- party , and a legally enforceable master netting agreement exists with that counterparty , the netted mtm exposure , less collateral held , represents , in the firm 2019s view , the appropriate measure of current credit risk .while useful as a current view of credit exposure , the net mtm value of the derivative receivables does not capture the potential future variability of that credit exposure .to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) and average exposure ( 201cavg 201d ) .these measures all incorporate netting and collateral benefits , where applicable .peak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% ( 97.5 % ) confidence level .however , the total potential future credit risk embedded in the firm 2019s derivatives portfolio is not the simple sum of all peak client credit risks .this is because , at the portfolio level , credit risk is reduced by the fact that when offsetting transactions are done with separate counter- parties , only one of the two trades can generate a credit loss , even if both counterparties were to default simultaneously .the firm refers to this effect as market diversification , and the market-diversified peak ( 201cmdp 201d ) measure is a portfolio aggregation of counterparty peak measures , representing the maximum losses at the 97.5% ( 97.5 % ) confidence level that would occur if all coun- terparties defaulted under any one given market scenario and time frame .derivative risk equivalent ( 201cdre 201d ) exposure is a measure that expresses the riskiness of derivative exposure on a basis intended to be equivalent to the riskiness of loan exposures .the measurement is done by equating the unexpected loss in a derivative counterparty exposure ( which takes into consideration both the loss volatility and the credit rating of the counterparty ) with the unexpected loss in a loan exposure ( which takes into consideration only the credit rating of the counterparty ) .dre is a less extreme measure of potential credit loss than peak and is the primary measure used by the firm for credit approval of derivative transactions .finally , average exposure ( 201cavg 201d ) is a measure of the expected mtm value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral .avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the credit valuation adjustment ( 201ccva 201d ) , as further described below .average exposure was $ 36 billion and $ 38 billion at december 31 , 2005 and 2004 , respectively , compared with derivative receivables mtm net of other highly liquid collateral of $ 44 billion and $ 57 billion at december 31 , 2005 and 2004 , respectively .the graph below shows exposure profiles to derivatives over the next 10 years as calculated by the mdp , dre and avg metrics .all three measures generally show declining exposure after the first year , if no new trades were added to the portfolio. .
|
based on the notional amounts and derivative receivables marked to market what was percentage change in interest rate
|
3.97
|
{
"answer": "3.97",
"decimal": 3.97,
"type": "float"
}
| |
the company entered into agreements with various governmental entities in the states of kentucky , georgia and tennessee to implement tax abatement plans related to its distribution center in franklin , kentucky ( simpson county ) , its distribution center in macon , georgia ( bibb county ) , and its store support center in brentwood , tennessee ( williamson county ) .the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds .this property was then leased back to the company .no cash was exchanged .the lease payments are equal to the amount of the payments on the bonds .the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds .at any time , the company has the option to purchase the real property by paying off the bonds , plus $ 1 .the terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows , as of december 30 , 2017 : bond term bond authorized amount ( in millions ) amount drawn ( in millions ) .
[['', 'bond term', 'bond authorized amount ( in millions )', 'amount drawn ( in millions )'], ['franklin kentucky distribution center', '30 years', '$ 54.0', '$ 51.8'], ['macon georgia distribution center', '15 years', '$ 58.0', '$ 49.9'], ['brentwood tennessee store support center', '10 years', '$ 78.0', '$ 75.3']]
due to the form of these transactions , the company has not recorded the bonds or the lease obligation associated with the sale lease-back transaction .the original cost of the company 2019s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life .capitalized software costs the company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software , which is three to five years .computer software consists of software developed for internal use and third-party software purchased for internal use .a subsequent addition , modification or upgrade to internal-use software is capitalized to the extent that it enhances the software 2019s functionality or extends its useful life .these costs are included in computer software and hardware in the accompanying consolidated balance sheets .certain software costs not meeting the criteria for capitalization are expensed as incurred .store closing costs the company regularly evaluates the performance of its stores and periodically closes those that are under-performing .the company records a liability for costs associated with an exit or disposal activity when the liability is incurred , usually in the period the store closes .store closing costs were not significant to the results of operations for any of the fiscal years presented .leases assets under capital leases are amortized in accordance with the company 2019s normal depreciation policy for owned assets or over the lease term , if shorter , and the related charge to operations is included in depreciation expense in the consolidated statements of income .certain operating leases include rent increases during the lease term .for these leases , the company recognizes the related rental expense on a straight-line basis over the term of the lease ( which includes the pre-opening period of construction , renovation , fixturing and merchandise placement ) and records the difference between the expense charged to operations and amounts paid as a deferred rent liability .the company occasionally receives reimbursements from landlords to be used towards improving the related store to be leased .leasehold improvements are recorded at their gross costs , including items reimbursed by landlords .related reimbursements are deferred and amortized on a straight-line basis as a reduction of rent expense over the applicable lease term .note 2 - share-based compensation : share-based compensation includes stock option and restricted stock unit awards and certain transactions under the company 2019s espp .share-based compensation expense is recognized based on the grant date fair value of all stock option and restricted stock unit awards plus a discount on shares purchased by employees as a part of the espp .the discount under the espp represents the difference between the purchase date market value and the employee 2019s purchase price. .
|
what was the total amount lost from the bond authorization to the withdrawn?
|
$ 13 million
|
{
"answer": "$ 13 million",
"decimal": 13000000,
"type": "money"
}
|
to find out the amount of money lost we must compare the authorization to the withdraw of all 3 bonds . then once you find the difference of these bonds you will add together the differences to get $ 13 million
|
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements commercial lending .the firm 2019s commercial lending commitments are extended to investment-grade and non-investment-grade corporate borrowers .commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes .the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending , as well as commercial real estate financing .commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources .sumitomo mitsui financial group , inc .( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) .the notional amount of such loan commitments was $ 25.70 billion and $ 26.88 billion as of december 2017 and december 2016 , respectively .the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million .in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 550 million and $ 768 million of protection had been provided as of december 2017 and december 2016 , respectively .the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg .these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index .warehouse financing .the firm provides financing to clients who warehouse financial assets .these arrangements are secured by the warehoused assets , primarily consisting of retail and corporate loans .contingent and forward starting collateralized agreements / forward starting collateralized financings contingent and forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days .the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements .the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused .letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements .investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages .investment commitments included $ 2.09 billion and $ 2.10 billion as of december 2017 and december 2016 , respectively , related to commitments to invest in funds managed by the firm .if these commitments are called , they would be funded at market value on the date of investment .leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 .certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges .the table below presents future minimum rental payments , net of minimum sublease rentals .$ in millions december 2017 .
[['$ in millions', 'as of december 2017'], ['2018', '$ 299'], ['2019', '282'], ['2020', '262'], ['2021', '205'], ['2022', '145'], ['2023 - thereafter', '771'], ['total', '$ 1964']]
rent charged to operating expenses was $ 273 million for 2017 , $ 244 million for 2016 and $ 249 million for 2015 .goldman sachs 2017 form 10-k 163 .
|
minimum rents due in 2023 - thereafter are what percent of total future minimum rental payments?\\n
|
39.3%
|
{
"answer": "39.3%",
"decimal": 0.39299999999999996,
"type": "percentage"
}
| |
part ii , item 7 in 2006 , cash provided by financing activities was $ 291 million which was primarily due to the proceeds from employee stock plans ( $ 442 million ) and an increase in debt of $ 1.5 billion partially offset by the repurchase of 17.99 million shares of schlumberger stock ( $ 1.07 billion ) and the payment of dividends to shareholders ( $ 568 million ) .schlumberger believes that at december 31 , 2006 , cash and short-term investments of $ 3.0 billion and available and unused credit facilities of $ 2.2 billion are sufficient to meet future business requirements for at least the next twelve months .summary of major contractual commitments ( stated in millions ) .
[['contractual commitments', 'total', 'payment period 2007', 'payment period 2008 - 2009', 'payment period 2010 - 2011', 'payment period after 2011'], ['debt1', '$ 5986', '$ 1322', '$ 2055', '$ 1961', '$ 648'], ['operating leases', '$ 691', '$ 191', '$ 205', '$ 106', '$ 189'], ['purchase obligations2', '$ 1526', '$ 1490', '$ 36', '$ 2013', '$ 2013']]
purchase obligations 2 $ 1526 $ 1490 $ 36 $ 2013 $ 2013 1 .excludes future payments for interest .includes amounts relating to the $ 1425 million of convertible debentures which are described in note 11 of the consolidated financial statements .2 .represents an estimate of contractual obligations in the ordinary course of business .although these contractual obligations are considered enforceable and legally binding , the terms generally allow schlumberger the option to reschedule and adjust their requirements based on business needs prior to the delivery of goods .refer to note 4 of the consolidated financial statements for details regarding potential commitments associated with schlumberger 2019s prior business acquisitions .refer to note 20 of the consolidated financial statements for details regarding schlumberger 2019s pension and other postretirement benefit obligations .schlumberger has outstanding letters of credit/guarantees which relate to business performance bonds , custom/excise tax commitments , facility lease/rental obligations , etc .these were entered into in the ordinary course of business and are customary practices in the various countries where schlumberger operates .critical accounting policies and estimates the preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the united states requires schlumberger to make estimates and assumptions that affect the reported amounts of assets and liabilities , the disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses .the following accounting policies involve 201ccritical accounting estimates 201d because they are particularly dependent on estimates and assumptions made by schlumberger about matters that are inherently uncertain .a summary of all of schlumberger 2019s significant accounting policies is included in note 2 to the consolidated financial statements .schlumberger bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources .actual results may differ from these estimates under different assumptions or conditions .multiclient seismic data the westerngeco segment capitalizes the costs associated with obtaining multiclient seismic data .the carrying value of the multiclient seismic data library at december 31 , 2006 , 2005 and 2004 was $ 227 million , $ 222 million and $ 347 million , respectively .such costs are charged to cost of goods sold and services based on the percentage of the total costs to the estimated total revenue that schlumberger expects to receive from the sales of such data .however , except as described below under 201cwesterngeco purchase accounting , 201d under no circumstance will an individual survey carry a net book value greater than a 4-year straight-lined amortized value. .
|
what is the percent of the operating leases in 2007 as part of the total amount?
|
27.6%
|
{
"answer": "27.6%",
"decimal": 0.276,
"type": "percentage"
}
|
the percent is the 2007 amount divided by the total amount
|
cash and cash equivalents cash equivalents include highly-liquid investments with a maturity of three months or less when purchased .accounts receivable and allowance for doubtful accounts accounts receivable are carried at the invoiced amounts , less an allowance for doubtful accounts , and generally do not bear interest .the company estimates the balance of allowance for doubtful accounts by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates .the company 2019s estimates include separately providing for customer receivables based on specific circumstances and credit conditions , and when it is deemed probable that the balance is uncollectible .account balances are written off against the allowance when it is determined the receivable will not be recovered .the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped of $ 15 million , $ 14 million and $ 15 million as of december 31 , 2017 , 2016 , and 2015 , respectively .returns and credit activity is recorded directly to sales as a reduction .the following table summarizes the activity in the allowance for doubtful accounts: .
[['( millions )', '2017', '2016', '2015'], ['beginning balance', '$ 67.6', '$ 75.3', '$ 77.5'], ['bad debt expense', '17.1', '20.1', '25.8'], ['write-offs', '-15.7 ( 15.7 )', '-24.6 ( 24.6 )', '-21.9 ( 21.9 )'], ['other ( a )', '2.5', '-3.2 ( 3.2 )', '-6.1 ( 6.1 )'], ['ending balance', '$ 71.5', '$ 67.6', '$ 75.3']]
( a ) other amounts are primarily the effects of changes in currency translations and the impact of allowance for returns and credits .inventory valuations inventories are valued at the lower of cost or net realizable value .certain u.s .inventory costs are determined on a last-in , first-out ( 201clifo 201d ) basis .lifo inventories represented 39% ( 39 % ) and 40% ( 40 % ) of consolidated inventories as of december 31 , 2017 and 2016 , respectively .all other inventory costs are determined using either the average cost or first-in , first-out ( 201cfifo 201d ) methods .inventory values at fifo , as shown in note 5 , approximate replacement cost .property , plant and equipment property , plant and equipment assets are stated at cost .merchandising and customer equipment consists principally of various dispensing systems for the company 2019s cleaning and sanitizing products , dishwashing machines and process control and monitoring equipment .certain dispensing systems capitalized by the company are accounted for on a mass asset basis , whereby equipment is capitalized and depreciated as a group and written off when fully depreciated .the company capitalizes both internal and external costs of development or purchase of computer software for internal use .costs incurred for data conversion , training and maintenance associated with capitalized software are expensed as incurred .expenditures for major renewals and improvements , which significantly extend the useful lives of existing plant and equipment , are capitalized and depreciated .expenditures for repairs and maintenance are charged to expense as incurred .upon retirement or disposition of plant and equipment , the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in income .depreciation is charged to operations using the straight-line method over the assets 2019 estimated useful lives ranging from 5 to 40 years for buildings and leasehold improvements , 3 to 20 years for machinery and equipment , 3 to 15 years for merchandising and customer equipment and 3 to 7 years for capitalized software .the straight-line method of depreciation reflects an appropriate allocation of the cost of the assets to earnings in proportion to the amount of economic benefits obtained by the company in each reporting period .depreciation expense was $ 586 million , $ 561 million and $ 560 million for 2017 , 2016 and 2015 , respectively. .
|
the company 2019s allowance for doubtful accounts balance also includes an allowance for the expected return of products shipped and credits related to pricing or quantities shipped . as of december 31 , 2017 , what percentage of the ending balance is this?
|
21%
|
{
"answer": "21%",
"decimal": 0.21,
"type": "percentage"
}
| |
employees .as explained below , pursuant to sfas 123 ( r ) , the charge to income for awards made to retirement-eligible employees is accelerated based on the dates the retirement rules are met .cap and certain other awards provide that participants who meet certain age and years of service conditions may continue to vest in all or a portion of the award without remaining employed by the company during the entire vesting period , so long as they do not compete with citigroup during that time .beginning in 2006 , awards to these retirement-eligible employees are recognized in the year prior to the grant in the same manner as cash incentive compensation is accrued .however , awards granted in january 2006 were required to be expensed in their entirety at the date of grant .prior to 2006 , all awards were recognized ratably over the stated vesting period .see note 1 to the consolidated financial statements on page 122 for the impact of adopting sfas 123 ( r ) .from 2003 to 2007 , citigroup granted restricted or deferred shares annually under the citigroup ownership program ( cop ) to eligible employees .this program replaced the wealthbuilder , citibuilder and citigroup ownership stock option programs .under cop , eligible employees received either restricted or deferred shares of citigroup common stock that vest after three years .the last award under this program was in 2007 .unearned compensation expense associated with the stock grants represents the market value of citigroup common stock at the date of grant and is recognized as a charge to income ratably over the vesting period , except for those awards granted to retirement-eligible employees .the charge to income for awards made to retirement-eligible employees is accelerated based on the dates the retirement rules are met .on july 17 , 2007 , the personnel and compensation committee of citigroup 2019s board of directors approved the management committee long- term incentive plan ( mc ltip ) , under the terms of the shareholder- approved 1999 stock incentive plan .the mc ltip provides members of the citigroup management committee , including the ceo , cfo and the named executive officers in the citigroup proxy statement , an opportunity to earn stock awards based on citigroup 2019s performance .each participant received an equity award that will be earned based on citigroup 2019s performance for the period from july 1 , 2007 to december 31 , 2009 .three periods will be measured for performance ( july 1 , 2007 to december 31 , 2007 , full year 2008 and full year 2009 ) .the ultimate value of the award will be based on citigroup 2019s performance in each of these periods with respect to ( 1 ) total shareholder return versus citigroup 2019s current key competitors and ( 2 ) publicly stated return on equity ( roe ) targets measured at the end of each calendar year .if , in any of the three performance periods , citigroup 2019s total shareholder return does not exceed the median performance of the peer group , the participants will not receive award shares for that period .the awards will generally vest after 30 months .in order to receive the shares , a participant generally must be a citigroup employee on january 5 , 2010 .the final expense for each of the three calendar years will be adjusted based on the results of the roe tests .no awards were earned for 2008 or 2007 because performance targets were not met .no new awards were made under the mc ltip since the initial award in july 2007 .on january 22 , 2008 , special retention stock awards were made to key senior executive officers and certain other members of senior management .the awards vest ratably over two- or four-year periods .executives must remain employed through the vesting dates to receive the shares awarded , except in cases of death , disability , or involuntary termination other than for gross misconduct .unlike cap , post-employment vesting is not provided for participants who meet specified age and years of service conditions .shares subject to some of the awards are exempted from the stock ownership commitment .a summary of the status of citigroup 2019s unvested stock awards as of december 31 , 2008 , and changes during the 12 months ended december 31 , 2008 , is presented below : unvested stock awards shares weighted average grant date fair value .
[['unvested stock awards', 'shares', 'weighted average grant date fair value'], ['unvested at january 1 2008', '153207132', '$ 50.70'], ['awards', '149140314', '$ 26.04'], ['cancellations', '-20945018 ( 20945018 )', '$ 42.92'], ['deletions', '-1968824 ( 1968824 )', '$ 25.94'], ['vestings ( 1 )', '-53222745 ( 53222745 )', '$ 47.06'], ['unvested at december 31 2008', '226210859', '$ 36.23']]
( 1 ) the weighted average market value of the vestings during 2008 was approximately $ 22.31 per share .as of december 31 , 2008 , there was $ 3.3 billion of total unrecognized compensation cost related to unvested stock awards net of the forfeiture provision .that cost is expected to be recognized over a weighted-average period of 2.6 years. .
|
what was the approximate value of the shares that vested during 2008
|
1187399440.95
|
{
"answer": "1187399440.95",
"decimal": 1187399440.95,
"type": "float"
}
| |
as of september 24 , 2011 , the total amount of gross unrecognized tax benefits was $ 1.4 billion , of which $ 563 million , if recognized , would affect the company 2019s effective tax rate .as of september 25 , 2010 , the total amount of gross unrecognized tax benefits was $ 943 million , of which $ 404 million , if recognized , would affect the company 2019s effective tax rate .the aggregate changes in the balance of gross unrecognized tax benefits , which excludes interest and penalties , for the three years ended september 24 , 2011 , is as follows ( in millions ) : .
[['', '2011', '2010', '2009'], ['beginning balance', '$ 943', '971', '$ 506'], ['increases related to tax positions taken during a prior year', '49', '61', '341'], ['decreases related to tax positions taken during a prior year', '-39 ( 39 )', '-224 ( 224 )', '-24 ( 24 )'], ['increases related to tax positions taken during the current year', '425', '240', '151'], ['decreases related to settlements with taxing authorities', '0', '-102 ( 102 )', '0'], ['decreases related to expiration of statute of limitations', '-3 ( 3 )', '-3 ( 3 )', '-3 ( 3 )'], ['ending balance', '$ 1375', '$ 943', '$ 971']]
the company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes .as of september 24 , 2011 and september 25 , 2010 , the total amount of gross interest and penalties accrued was $ 261 million and $ 247 million , respectively , which is classified as non-current liabilities in the consolidated balance sheets .in connection with tax matters , the company recognized interest expense in 2011 and 2009 of $ 14 million and $ 64 million , respectively , and in 2010 the company recognized an interest benefit of $ 43 million .the company is subject to taxation and files income tax returns in the u.s .federal jurisdiction and in many state and foreign jurisdictions .for u.s .federal income tax purposes , all years prior to 2004 are closed .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 .in addition , the company is also subject to audits by state , local and foreign tax authorities .in major states and major foreign jurisdictions , the years subsequent to 1988 and 2001 , respectively , generally remain open and could be subject to examination by the taxing authorities .management believes that an adequate provision has 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 tax in the period such resolution occurs .although timing of the resolution and/or closure of audits is not certain , the company does not believe it is reasonably possible that its unrecognized tax benefits would materially change in the next 12 months .note 6 2013 shareholders 2019 equity and share-based compensation preferred stock the company has five million shares of authorized preferred stock , none of which is issued or outstanding .under the terms of the company 2019s restated articles of incorporation , the board of directors is authorized to determine or alter the rights , preferences , privileges and restrictions of the company 2019s authorized but unissued shares of preferred stock .comprehensive income comprehensive income consists of two components , net income and other comprehensive income .other comprehensive income refers to revenue , expenses , gains and losses that under gaap are recorded as an element .
|
what was the net change in millions of the gross unrecognized tax benefits between 2009 and 2010?
|
-28
|
{
"answer": "-28",
"decimal": -28,
"type": "float"
}
| |
management 2019s discussion and analysis liquidity risk management liquidity is of critical importance to financial institutions .most of the recent failures of financial institutions have occurred in large part due to insufficient liquidity .accordingly , the firm has in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events .our principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues , even under adverse circumstances .we manage liquidity risk according to the following principles : excess liquidity .we maintain substantial excess liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment .asset-liability management .we assess anticipated holding periods for our assets and their expected liquidity in a stressed environment .we manage the maturities and diversity of our funding across markets , products and counterparties , and seek to maintain liabilities of appropriate tenor relative to our asset base .contingency funding plan .we maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress .this framework sets forth the plan of action to fund normal business activity in emergency and stress situations .these principles are discussed in more detail below .excess liquidity our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this excess liquidity in the form of unencumbered , highly liquid securities and cash .we believe that the securities held in our global core excess would be readily convertible to cash in a matter of days , through liquidation , by entering into repurchase agreements or from maturities of reverse repurchase agreements , and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets .as of december 2012 and december 2011 , the fair value of the securities and certain overnight cash deposits included in our gce totaled $ 174.62 billion and $ 171.58 billion , respectively .based on the results of our internal liquidity risk model , discussed below , as well as our consideration of other factors including , but not limited to , a qualitative assessment of the condition of the financial markets and the firm , we believe our liquidity position as of december 2012 was appropriate .the table below presents the fair value of the securities and certain overnight cash deposits that are included in our gce .average for the year ended december in millions 2012 2011 .
[['in millions', 'average for theyear ended december 2012', 'average for theyear ended december 2011'], ['u.s . dollar-denominated', '$ 125111', '$ 125668'], ['non-u.s . dollar-denominated', '46984', '40291'], ['total', '$ 172095', '$ 165959']]
the u.s .dollar-denominated excess is composed of ( i ) unencumbered u.s .government and federal agency obligations ( including highly liquid u.s .federal agency mortgage-backed obligations ) , all of which are eligible as collateral in federal reserve open market operations and ( ii ) certain overnight u.s .dollar cash deposits .the non-u.s .dollar-denominated excess is composed of only unencumbered german , french , japanese and united kingdom government obligations and certain overnight cash deposits in highly liquid currencies .we strictly limit our excess liquidity to this narrowly defined list of securities and cash because they are highly liquid , even in a difficult funding environment .we do not include other potential sources of excess liquidity , such as less liquid unencumbered securities or committed credit facilities , in our gce .goldman sachs 2012 annual report 81 .
|
what was the change as of december 2012 and december 2011 in the fair value of the securities and certain overnight cash deposits in billions?
|
3.04
|
{
"answer": "3.04",
"decimal": 3.04,
"type": "float"
}
|
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