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the discount rate used to measure pension obligations is determined by comparing the expected future benefits that will be paid under the plan with yields available on high quality corporate bonds of similar duration .the impact on pension expense of a .5% ( .5 % ) decrease in discount rate in the current environment is an increase of $ 18 million per year .this sensitivity depends on the economic environment and amount of unrecognized actuarial gains or losses on the measurement date .the expected long-term return on assets assumption also has a significant effect on pension expense .the expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the asset allocation policy currently in place .for purposes of setting and reviewing this assumption , 201clong term 201d refers to the period over which the plan 2019s projected benefit obligations will be disbursed .we review this assumption at each measurement date and adjust it if warranted .our selection process references certain historical data and the current environment , but primarily utilizes qualitative judgment regarding future return expectations .to evaluate the continued reasonableness of our assumption , we examine a variety of viewpoints and data .various studies have shown that portfolios comprised primarily of u.s .equity securities have historically returned approximately 9% ( 9 % ) annually over long periods of time , while u.s .debt securities have returned approximately 6% ( 6 % ) annually over long periods .application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 6.50% ( 6.50 % ) and 7.25% ( 7.25 % ) and is one point of reference , among many other factors , that is taken into consideration .we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment .recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns .while annual returns can vary significantly ( actual returns for 2014 , 2013 and 2012 were +6.50% ( +6.50 % ) , +15.48% ( +15.48 % ) , and +15.29% ( +15.29 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns .acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others .in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date .taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2014 was 7.00% ( 7.00 % ) , down from 7.50% ( 7.50 % ) for 2013 .after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 6.75% ( 6.75 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods .each one percentage point difference in actual return compared with our expected return can cause expense in subsequent years to increase or decrease by up to $ 9 million as the impact is amortized into results of operations .we currently estimate pretax pension expense of $ 9 million in 2015 compared with pretax income of $ 7 million in 2014 .this year-over-year expected increase in expense reflects the effects of the lower expected return on asset assumption , improved mortality , and the lower discount rate required to be used in 2015 .these factors will be partially offset by the favorable impact of the increase in plan assets at december 31 , 2014 and the assumed return on a $ 200 million voluntary contribution to the plan made in february 2015 .the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2015 estimated expense as a baseline .table 26 : pension expense 2013 sensitivity analysis change in assumption ( a ) estimated increase/ ( decrease ) to 2015 pension expense ( in millions ) .
[['change in assumption ( a )', 'estimatedincrease/ ( decrease ) to 2015pensionexpense ( in millions )'], ['.5% ( .5 % ) decrease in discount rate', '$ 18'], ['.5% ( .5 % ) decrease in expected long-term return on assets', '$ 22'], ['.5% ( .5 % ) increase in compensation rate', '$ 2']]
( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant .our pension plan contribution requirements are not particularly sensitive to actuarial assumptions .investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years .also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan .notwithstanding the voluntary contribution made in february 2015 noted above , we do not expect to be required to make any contributions to the plan during 2015 .we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 13 employee benefit plans in the notes to consolidated financial statements in item 8 of this report .66 the pnc financial services group , inc .2013 form 10-k .
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for pension expense , does a .5% ( .5 % ) decrease in expected long-term return on assets have a greater impact than a .5% ( .5 % ) increase in compensation rate?
|
yes
|
{
"answer": "yes",
"decimal": 1,
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| |
stock options 2005 stock and incentive plan in june 2005 , the stockholders of the company approved the 2005 stock and incentive plan ( the 2005 stock plan ) .upon adoption of the 2005 stock plan , issuance of options under the company 2019s existing 2000 stock plan ceased .additionally , in connection with the acquisition of solexa , the company assumed stock options granted under the 2005 solexa equity incentive plan ( the 2005 solexa equity plan ) .as of december 30 , 2007 , an aggregate of up to 13485619 shares of the company 2019s common stock were reserved for issuance under the 2005 stock plan and the 2005 solexa equity plan .the 2005 stock plan provides for an automatic annual increase in the shares reserved for issuance by the lesser of 5% ( 5 % ) of outstanding shares of the company 2019s common stock on the last day of the immediately preceding fiscal year , 1200000 shares or such lesser amount as determined by the company 2019s board of directors .as of december 30 , 2007 , options to purchase 1834384 shares remained available for future grant under the 2005 stock plan and 2005 solexa equity plan .the company 2019s stock option activity under all stock option plans from january 2 , 2005 through december 30 , 2007 is as follows : options weighted- average exercise price .
[['', 'options', 'weighted- average exercise price'], ['outstanding at january 2 2005', '6205020', '$ 6.99'], ['granted', '2992300', '$ 10.02'], ['exercised', '-869925 ( 869925 )', '$ 4.66'], ['cancelled', '-1001964 ( 1001964 )', '$ 11.00'], ['outstanding at january 1 2006', '7325431', '$ 7.96'], ['granted', '2621050', '$ 27.24'], ['exercised', '-1273119 ( 1273119 )', '$ 7.28'], ['cancelled', '-314242 ( 314242 )', '$ 12.44'], ['outstanding at december 31 2006', '8359120', '$ 13.94'], ['options assumed through business combination', '1424332', '$ 21.37'], ['granted', '3784508', '$ 40.64'], ['exercised', '-2179286 ( 2179286 )', '$ 12.06'], ['cancelled', '-964740 ( 964740 )', '$ 22.38'], ['outstanding at december 30 2007', '10423934', '$ 24.26']]
illumina , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what is the total value of granted options in 2007 , in millions?
|
153.8
|
{
"answer": "153.8",
"decimal": 153.8,
"type": "float"
}
| |
the following is a reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) .
[['unrecognized tax benefit 2014january 1 2008', '$ 7928'], ['ansoft unrecognized tax benefit 2014acquired july 31 2008', '3525'], ['gross increases 2014tax positions in prior period', '2454'], ['gross decreases 2014tax positions in prior period', '-1572 ( 1572 )'], ['gross increases 2014tax positions in current period', '2255'], ['reductions due to a lapse of the applicable statute of limitations', '-1598 ( 1598 )'], ['changes due to currency fluctuation', '-259 ( 259 )'], ['settlements', '-317 ( 317 )'], ['unrecognized tax benefit 2014december 31 2008', '$ 12416']]
included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate .also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes .the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months .the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense .related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 .penalties recorded during 2008 were insignificant .in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million .the company is subject to taxation in the u.s .and various states and foreign jurisdictions .the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service .the 2005 and 2006 federal returns are currently under examination .the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years .10 .pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code .the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation .the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours .the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan .there is no matching employer contribution associated with this plan .the company also maintains various defined contribution pension arrangements for its international employees .expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 .11 .non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and .
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what was the average expenses related to the company 2019s retirement programs from 2006 to 2008 in millions
|
4.21
|
{
"answer": "4.21",
"decimal": 4.21,
"type": "float"
}
| |
results of operations year ended december 31 , 2006 compared to year ended december 31 , 2005 the historical results of operations of pca for the years ended december 31 , 2006 and 2005 are set forth below : for the year ended december 31 , ( in millions ) 2006 2005 change .
[['( in millions )', 'for the year ended december 31 , 2006', 'for the year ended december 31 , 2005', 'change'], ['net sales', '$ 2187.1', '$ 1993.7', '$ 193.4'], ['income from operations', '$ 225.9', '$ 116.1', '$ 109.8'], ['interest expense net', '-31.2 ( 31.2 )', '-28.1 ( 28.1 )', '-3.1 ( 3.1 )'], ['income before taxes', '194.7', '88.0', '106.7'], ['provision for income taxes', '-69.7 ( 69.7 )', '-35.4 ( 35.4 )', '-34.3 ( 34.3 )'], ['net income', '$ 125.0', '$ 52.6', '$ 72.4']]
net sales net sales increased by $ 193.4 million , or 9.7% ( 9.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 .net sales increased primarily due to increased sales prices and volumes of corrugated products and containerboard compared to 2005 .total corrugated products volume sold increased 0.4% ( 0.4 % ) to 31.3 billion square feet in 2006 compared to 31.2 billion square feet in 2005 .on a comparable shipment-per-workday basis , corrugated products sales volume increased 0.8% ( 0.8 % ) in 2006 from 2005 .shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .the larger percentage increase on a shipment-per-workday basis was due to the fact that 2006 had one less workday ( 249 days ) , those days not falling on a weekend or holiday , than 2005 ( 250 days ) .containerboard sales volume to external domestic and export customers increased 15.6% ( 15.6 % ) to 482000 tons for the year ended december 31 , 2006 from 417000 tons in 2005 .income from operations income from operations increased by $ 109.8 million , or 94.6% ( 94.6 % ) , for the year ended december 31 , 2006 compared to 2005 .included in income from operations for the year ended december 31 , 2005 is income of $ 14.0 million , net of expenses , consisting of two dividends paid to pca by southern timber venture , llc ( stv ) , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest .excluding the dividends from stv , income from operations increased $ 123.8 million in 2006 compared to 2005 .the $ 123.8 million increase in income from operations was primarily attributable to higher sales prices and volume as well as improved mix of business ( $ 195.6 million ) , partially offset by increased costs related to transportation ( $ 18.9 million ) , energy , primarily purchased fuels and electricity ( $ 18.3 million ) , wage increases for hourly and salaried personnel ( $ 16.9 million ) , medical , pension and other benefit costs ( $ 9.9 million ) , and incentive compensation ( $ 6.5 million ) .gross profit increased $ 137.1 million , or 44.7% ( 44.7 % ) , for the year ended december 31 , 2006 from the year ended december 31 , 2005 .gross profit as a percentage of net sales increased from 15.4% ( 15.4 % ) of net sales in 2005 to 20.3% ( 20.3 % ) of net sales in the current year primarily due to the increased sales prices described previously .selling and administrative expenses increased $ 12.3 million , or 8.4% ( 8.4 % ) , for the year ended december 31 , 2006 from the comparable period in 2005 .the increase was primarily the result of increased salary and .
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what was the operating income margin for 2006?
|
10%
|
{
"answer": "10%",
"decimal": 0.1,
"type": "percentage"
}
|
operating margin comparison point to increasing or decreasing efficiency .
|
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 ( c o n t i n u e d ) the realization of this investment gain ( $ 5624 net of the award ) .this award , which will be paid out over a three-year period , is presented as deferred compensation award on the balance sheet .as of december 31 , 2002 , $ 1504 had been paid against this compensation award .401 ( k ) plan during august 1997 , the company implemented a 401 ( k ) savings/retirement plan ( the 201c401 ( k ) plan 201d ) to cover eligible employees of the company and any designated affiliate .the 401 ( k ) plan permits eligible employees of the company to defer up to 15% ( 15 % ) of their annual compensation , subject to cer- tain limitations imposed by the code .the employees 2019 elec- tive deferrals are immediately vested and non-forfeitable upon contribution to the 401 ( k ) plan .during 2000 , the company amended its 401 ( k ) plan to include a matching contribution , subject to erisa limitations , equal to 50% ( 50 % ) of the first 4% ( 4 % ) of annual compensation deferred by an employee .for the years ended december 31 , 2002 , 2001 and 2000 , the company made matching contributions of $ 140 , $ 116 and $ 54 , respectively .18 .commitments and contingencies the company and the operating partnership are not presently involved in any material litigation nor , to their knowledge , is any material litigation threatened against them or their properties , other than routine litigation arising in the ordinary course of business .management believes the costs , if any , incurred by the company and the operating partnership related to this litigation will not materially affect the financial position , operating results or liquidity of the company and the operating partnership .on october 24 , 2001 , an accident occurred at 215 park avenue south , a property which the company manages , but does not own .personal injury claims have been filed against the company and others by 11 persons .the company believes that there is sufficient insurance coverage to cover the cost of such claims , as well as any other personal injury or property claims which may arise .the company has entered into employment agreements with certain executives .six executives have employment agreements which expire between november 2003 and december 2007 .the cash based compensation associated with these employment agreements totals approximately $ 2125 for 2003 .during march 1998 , the company acquired an operating sub-leasehold position at 420 lexington avenue .the oper- ating sub-leasehold position requires annual ground lease payments totaling $ 6000 and sub-leasehold position pay- ments totaling $ 1100 ( excluding an operating sub-lease position purchased january 1999 ) .the ground lease and sub-leasehold positions expire 2008 .the company may extend the positions through 2029 at market rents .the property located at 1140 avenue of the americas operates under a net ground lease ( $ 348 annually ) with a term expiration date of 2016 and with an option to renew for an additional 50 years .the property located at 711 third avenue operates under an operating sub-lease which expires in 2083 .under the sub- lease , the company is responsible for ground rent payments of $ 1600 annually which increased to $ 3100 in july 2001 and will continue for the next ten years .the ground rent is reset after year ten based on the estimated fair market value of the property .in april 1988 , the sl green predecessor entered into a lease agreement for property at 673 first avenue in new york city , which has been capitalized for financial statement purposes .land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property .the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease .the initial lease term is 49 years with an option for an additional 26 years .beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement .the company continues to lease the 673 first avenue prop- erty which has been classified as a capital lease with a cost basis of $ 12208 and cumulative amortization of $ 3579 and $ 3306 at december 31 , 2002 and 2001 , respectively .the fol- lowing is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2002 .non-cancellable operating december 31 , capital leases leases .
[['december 31,', 'capital leases', 'non-cancellable operating leases'], ['2003', '$ 1290', '$ 11982'], ['2004', '1290', '11982'], ['2005', '1290', '11982'], ['2006', '1322', '11982'], ['2007', '1416', '11982'], ['thereafter', '56406', '296277'], ['total minimum lease payments', '63014', '356187'], ['less amount representing interest', '47152', '2014'], ['present value of net minimum lease payments', '$ 15862', '$ 356187']]
19 .financial instruments : derivatives and hedging financial accounting standards board 2019s statement no .133 , 201caccounting for derivative instruments and hedging activities , 201d ( 201csfas 133 201d ) which became effective january 1 , 2001 requires the company to recognize all derivatives on the balance sheet at fair value .derivatives that are not hedges must be adjusted to fair value through income .if a derivative is a hedge , depending on the nature of the hedge , f i f t y - t w o s l g r e e n r e a l t y c o r p . .
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what percent of the capital lease payments are due in 2003?
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2.0%
|
{
"answer": "2.0%",
"decimal": 0.02,
"type": "percentage"
}
| |
entergy mississippi , inc .management 2019s financial discussion and analysis entergy mississippi 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
[['2016', '2015', '2014', '2013'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 10595', '$ 25930', '$ 644', '( $ 3536 )']]
see note 4 to the financial statements for a description of the money pool .entergy mississippi has four separate credit facilities in the aggregate amount of $ 102.5 million scheduled to expire may 2017 .no borrowings were outstanding under the credit facilities as of december 31 , 2016 .in addition , entergy mississippi is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso .as of december 31 , 2016 , a $ 7.1 million letter of credit was outstanding under entergy mississippi 2019s uncommitted letter of credit facility .see note 4 to the financial statements for additional discussion of the credit facilities .entergy mississippi obtained authorizations from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 175 million at any time outstanding and long-term borrowings and security issuances .see note 4 to the financial statements for further discussion of entergy mississippi 2019s short-term borrowing limits .state and local rate regulation and fuel-cost recovery the rates that entergy mississippi charges for electricity significantly influence its financial position , results of operations , and liquidity .entergy mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings .a governmental agency , the mpsc , is primarily responsible for approval of the rates charged to customers .formula rate plan in june 2014 , entergy mississippi filed its first general rate case before the mpsc in almost 12 years .the rate filing laid out entergy mississippi 2019s plans for improving reliability , modernizing the grid , maintaining its workforce , stabilizing rates , utilizing new technologies , and attracting new industry to its service territory .entergy mississippi requested a net increase in revenue of $ 49 million for bills rendered during calendar year 2015 , including $ 30 million resulting from new depreciation rates to update the estimated service life of assets .in addition , the filing proposed , among other things : 1 ) realigning cost recovery of the attala and hinds power plant acquisitions from the power management rider to base rates ; 2 ) including certain miso-related revenues and expenses in the power management rider ; 3 ) power management rider changes that reflect the changes in costs and revenues that will accompany entergy mississippi 2019s withdrawal from participation in the system agreement ; and 4 ) a formula rate plan forward test year to allow for known changes in expenses and revenues for the rate effective period .entergy mississippi proposed maintaining the current authorized return on common equity of 10.59% ( 10.59 % ) .in october 2014 , entergy mississippi and the mississippi public utilities staff entered into and filed joint stipulations that addressed the majority of issues in the proceeding .the stipulations provided for : 2022 an approximate $ 16 million net increase in revenues , which reflected an agreed upon 10.07% ( 10.07 % ) return on common equity ; 2022 revision of entergy mississippi 2019s formula rate plan by providing entergy mississippi with the ability to reflect known and measurable changes to historical rate base and certain expense amounts ; resolving uncertainty around and obviating the need for an additional rate filing in connection with entergy mississippi 2019s withdrawal from participation in the system agreement ; updating depreciation rates ; and moving costs associated with the attala and hinds generating plants from the power management rider to base rates; .
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the company requested a net increase in revenue for bills rendered during calendar year 2015 . what would the increase have been , in millions , without the amount reflating to the new depreciation rates?
|
19
|
{
"answer": "19",
"decimal": 19,
"type": "float"
}
| |
related employer payroll tax costs ) .the contributions of these amounts are due by march 15 of the calendar year following the year in which the company realizes the benefits of the deductions .this arrangement has been accounted for as contingent consideration .pre-2009 business combinations were accounted for under a former accounting standard which , among other aspects , precluded the recognition of certain contingent consideration as of the business combination date .instead , under the former accounting standard , contingent consideration is accounted for as additional purchase price ( goodwill ) at the time the contingency is resolved .as of december 31 , 2013 , the company accrued $ 20.9 million related to this arrangement within other current liabilities , as the company realized the tax benefit of the compensation deductions during the 2013 tax year .the company made the related cash contribution during the first quarter of 2014 .11 .earnings per share the numerator for both basic and diluted earnings per share is net income .the denominator for basic earnings per share is the weighted-average number of common shares outstanding during the period .the 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters' exercise in full of the overallotment option granted to them in connection with the ipo .because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator .such shares are fully reflected in the 2014 denominator .see note 9 for additional discussion of the ipo .the dilutive effect of outstanding restricted stock , restricted stock units , stock options , coworker stock purchase plan units and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method .the following is a reconciliation of basic shares to diluted shares: .
[['( in millions )', 'years ended december 31 , 2014', 'years ended december 31 , 2013', 'years ended december 31 , 2012'], ['weighted-average shares - basic', '170.6', '156.6', '145.1'], ['effect of dilutive securities', '2.2', '2.1', '0.7'], ['weighted-average shares - diluted', '172.8', '158.7', '145.8']]
there was an insignificant amount of potential common shares excluded from diluted earnings per share for the years ended december 31 , 2014 , 2013 and 2012 , as their inclusion would have had an anti-dilutive effect .12 .deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan .the total number of rdus that could be granted under the rdu plan was 28500 .as of december 31 , 2014 , 28500 rdus were outstanding .rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 .all outstanding rdus were vested as of december 31 , 2014 .participants have no rights to the underlying debt .the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component .the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the "debt pool" ) , together with certain redemption premium equivalents as noted below .the interest component credited the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below .interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates .the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 .in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan .in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes .in addition , the company added $ 0.1 table of contents cdw corporation and subsidiaries notes to consolidated financial statements .
|
for rdus vested daily on a pro rata basis over the three-year period from january 1 , 2012 , what was the average rdus vesting each year through december 31 , 2014?\\n\\n[13] : as of december 31 , 2014 , 28500 rdus were outstanding .
|
9500
|
{
"answer": "9500",
"decimal": 9500,
"type": "float"
}
| |
entergy gulf states , inc .management's financial discussion and analysis .
[['', '( in millions )'], ['2002 net revenue', '$ 1130.7'], ['volume/weather', '17.8'], ['fuel write-offs in 2002', '15.3'], ['net wholesale revenue', '10.2'], ['base rate decreases', '-23.3 ( 23.3 )'], ['nisco gain recognized in 2002', '-15.2 ( 15.2 )'], ['rate refund provisions', '-11.3 ( 11.3 )'], ['other', '-14.1 ( 14.1 )'], ['2003 net revenue', '$ 1110.1']]
the volume/weather variance was due to higher electric sales volume in the service territory .billed usage increased a total of 517 gwh in the residential and commercial sectors .the increase was partially offset by a decrease in industrial usage of 470 gwh due to the loss of two large industrial customers to cogeneration .the customers accounted for approximately 1% ( 1 % ) of entergy gulf states' net revenue in 2002 .in 2002 , deferred fuel costs of $ 8.9 million related to a texas fuel reconciliation case were written off and $ 6.5 million in expense resulted from an adjustment in the deregulated asset plan percentage as the result of a power uprate at river bend .the increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and co- op customers and also to affiliated systems related to entergy's generation resource planning .the base rate decreases were effective june 2002 and january 2003 , both in the louisiana jurisdiction .the january 2003 base rate decrease of $ 22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting to reflect an assumed extension of river bend's useful life .in 2002 , a gain of $ 15.2 million was recognized for the louisiana portion of the 1988 nelson units 1 and 2 sale .entergy gulf states received approval from the lpsc to discontinue applying amortization of the gain against recoverable fuel , resulting in the recognition of the deferred gain in income .rate refund provisions caused a decrease in net revenue due to additional provisions recorded in 2003 compared to 2002 for potential rate actions and refunds .gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 440.2 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .fuel and purchased power expenses increased $ 471.1 million due to an increase in the market prices of natural gas and purchased power .other income statement variances 2004 compared to 2003 other operation and maintenance expenses decreased primarily due to : 2022 voluntary severance program accruals of $ 22.5 million in 2003 ; and 2022 a decrease of $ 4.3 million in nuclear material and labor costs due to reduced staff in 2004. .
|
what is the net change in net revenue during 2003 for entergy gulf states , inc.?
|
-20.6
|
{
"answer": "-20.6",
"decimal": -20.6,
"type": "float"
}
| |
page 74 notes to five year summary ( a ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) .( b ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) .also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) .these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) .( c ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments ( see the section , 201cresults of operations 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) .( d ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) .in 2002 , the corporation adopted fas 142 which prohibits the amortization of goodwill .( e ) includes the effects of items not considered in senior management 2019s assessment of the operating performance of the corporation 2019s business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 973 million , $ 651 million after tax ( $ 1.50 per share ) .also includes a gain from the disposal of a business and charges for the corporation 2019s exit from its global telecommunications services business which is included in discontinued operations and which , on a combined basis , increased the net loss by $ 1 billion ( $ 2.38 per share ) .( f ) the corporation defines return on invested capital ( roic ) as net income plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back the minimum pension liability .the adjustment to add back the minimum pension liability is a revision to our calculation in 2005 , which the corporation believes more closely links roic to management performance .further , the corporation believes that reporting roic provides investors with greater visibility into how effectively lockheed martin uses the capital invested in its operations .the corporation uses roic to evaluate multi-year investment decisions and as a long-term performance measure , and also uses roic as a factor in evaluating management performance under certain incentive compensation plans .roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner .roic should not be considered in isola- tion or as an alternative to net earnings as an indicator of performance .the following calculations of roic reflect the revision to the calculation discussed above for all periods presented .( in millions ) 2005 2004 2003 2002 2001 .
[['( in millions )', '2005', '2004', '2003', '2002', '2001'], ['net earnings', '$ 1825', '$ 1266', '$ 1053', '$ 500', '$ -1046 ( 1046 )'], ['interest expense ( multiplied by 65% ( 65 % ) ) 1', '241', '276', '317', '378', '455'], ['return', '$ 2066', '$ 1542', '$ 1370', '$ 878', '$ -591 ( 591 )'], ['average debt2 5', '$ 5077', '$ 5932', '$ 6612', '$ 7491', '$ 8782'], ['average equity3 5', '7590', '7015', '6170', '6853', '7221'], ['average minimum pension liability3 4 5', '1545', '1296', '1504', '341', '6'], ['average invested capital', '$ 14212', '$ 14243', '$ 14286', '$ 14685', '$ 16009'], ['return on invested capital', '14.5% ( 14.5 % )', '10.8% ( 10.8 % )', '9.6% ( 9.6 % )', '6.0% ( 6.0 % )', '( 3.7 ) % ( % )']]
1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) .2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) .3 equity includes non-cash adjustments for other comprehensive losses , primarily for the additional minimum pension liability .4 minimum pension liability values reflect the cumulative value of entries identified in our statement of stockholders equity under the caption 201cminimum pension liability . 201d the annual minimum pension liability adjustments to equity were : 2001 = ( $ 33 million ) ; 2002 = ( $ 1537 million ) ; 2003 = $ 331 million ; 2004 = ( $ 285 million ) ; 2005 = ( $ 105 million ) .as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the cur- rent year entry value .5 yearly averages are calculated using balances at the start of the year and at the end of each quarter .lockheed martin corporation .
|
what was the average net earnings in millions from 2001 to 2005?
|
719.6
|
{
"answer": "719.6",
"decimal": 719.6,
"type": "float"
}
| |
in 2016 , arconic also recognized discrete income tax benefits related to the release of valuation allowances on certain net deferred tax assets in russia and canada of $ 19 and $ 20 respectively .after weighing all available evidence , management determined that it was more likely than not that the net income tax benefits associated with the underlying deferred tax assets would be realizable based on historic cumulative income and projected taxable income .arconic also recorded additional valuation allowances in australia of $ 93 related to the separation transaction , in spain of $ 163 related to a tax law change and in luxembourg of $ 280 related to the separation transaction as well as a tax law change .these valuation allowances fully offset current year changes in deferred tax asset balances of each respective jurisdiction , resulting in no net impact to tax expense .the need for a valuation allowance will be reassessed on a continuous basis in future periods by each jurisdiction and , as a result , the allowances may increase or decrease based on changes in facts and circumstances .in 2015 , arconic recognized an additional $ 141 discrete income tax charge for valuation allowances on certain deferred tax assets in iceland and suriname .of this amount , an $ 85 valuation allowance was established on the full value of the deferred tax assets in suriname , which were related mostly to employee benefits and tax loss carryforwards .these deferred tax assets have an expiration period ranging from 2016 to 2022 ( as of december 31 , 2015 ) .the remaining $ 56 charge relates to a valuation allowance established on a portion of the deferred tax assets recorded in iceland .these deferred tax assets have an expiration period ranging from 2017 to 2023 .after weighing all available positive and negative evidence , as described above , management determined that it was no longer more likely than not that arconic will realize the tax benefit of either of these deferred tax assets .this was mainly driven by a decline in the outlook of the primary metals business , combined with prior year cumulative losses and a short expiration period .in december 2011 , one of arconic 2019s former subsidiaries in brazil applied for a tax holiday related to its expanded mining and refining operations .during 2013 , the application was amended and re-filed and , separately , a similar application was filed for another one of arconic 2019s former subsidiaries in brazil .the deadline for the brazilian government to deny the application was july 11 , 2014 .since arconic did not receive notice that its applications were denied , the tax holiday took effect automatically on july 12 , 2014 .as a result , the tax rate applicable to qualified holiday income for these subsidiaries decreased significantly ( from 34% ( 34 % ) to 15.25% ( 15.25 % ) ) , resulting in future cash tax savings over the 10-year holiday period ( retroactively effective as of january 1 , 2013 ) .additionally , a portion of one of the subsidiaries net deferred tax assets that reverses within the holiday period was remeasured at the new tax rate ( the net deferred tax asset of the other subsidiary was not remeasured since it could still be utilized against the subsidiary 2019s future earnings not subject to the tax holiday ) .this remeasurement resulted in a decrease to that subsidiary 2019s net deferred tax assets and a noncash charge to earnings of $ 52 ( $ 31 after noncontrolling interests ) .the following table details the changes in the valuation allowance: .
[['december 31,', '2016', '2015', '2014'], ['balance at beginning of year', '$ 1291', '$ 1151', '$ 1252'], ['increase to allowance', '772', '180', '102'], ['release of allowance', '-209 ( 209 )', '-42 ( 42 )', '-70 ( 70 )'], ['acquisitions and divestitures ( f )', '-1 ( 1 )', '29', '-36 ( 36 )'], ['tax apportionment tax rate and tax law changes', '106', '-15 ( 15 )', '-67 ( 67 )'], ['foreign currency translation', '-19 ( 19 )', '-12 ( 12 )', '-30 ( 30 )'], ['balance at end of year', '$ 1940', '$ 1291', '$ 1151']]
the cumulative amount of arconic 2019s foreign undistributed net earnings for which no deferred taxes have been provided was approximately $ 450 at december 31 , 2016 .arconic has a number of commitments and obligations related to the company 2019s growth strategy in foreign jurisdictions .as such , management has no plans to distribute such earnings in the foreseeable future , and , therefore , has determined it is not practicable to determine the related deferred tax liability. .
|
what was the increase in the balance at end of the year from 2015 to 2016?
|
50.27%
|
{
"answer": "50.27%",
"decimal": 0.5027,
"type": "percentage"
}
|
it is the percentual increase observed in the balance at the end of the year , which is calculated by dividing the 2016's value by the 2015's then turned into a percentage .
|
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 .
[['plan category', 'securities to be issued upon exercise of outstanding options and rights ( a )', 'weighted average exercise price of outstanding options ( b )', 'securities available for future issuance under equity compensation plans ( c )'], ['equity compensation plans approved by security holders', '17176475', 'n/a', '68211649'], ['equity compensation plans not approved by securityholders', '2013', '2013', '2013'], ['total', '17176475', '', '68211649']]
in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
|
what portion of the securities approved by security holders is to be issued upon exercise of outstanding options and rights?
|
20.1%
|
{
"answer": "20.1%",
"decimal": 0.201,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 19 .subsequent events 12.25% ( 12.25 % ) senior subordinated discount notes and warrants offering 2014in january 2003 , the company issued 808000 units , each consisting of ( 1 ) $ 1000 principal amount at maturity of the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 of a wholly owned subsidiary of the company ( ati notes ) and ( 2 ) a warrant to purchase 14.0953 shares of class a common stock of the company , for gross proceeds of $ 420.0 million .the gross offering proceeds were allocated between the ati notes ( $ 367.4 million ) and the fair value of the warrants ( $ 52.6 million ) .net proceeds from the offering aggregated approximately $ 397.0 million and were or will be used for the purposes described below under amended and restated loan agreement .the ati notes accrue no cash interest .instead , the accreted value of each ati note will increase between the date of original issuance and maturity ( august 1 , 2008 ) at a rate of 12.25% ( 12.25 % ) per annum .the 808000 warrants that were issued together with the ati notes each represent the right to purchase 14.0953 shares of class a common stock at $ 0.01 per share .the warrants are exercisable at any time on or after january 29 , 2006 and will expire on august 1 , 2008 .as of the issuance date , the warrants represented approximately 5.5% ( 5.5 % ) of the company 2019s outstanding common stock ( assuming exercise of all warrants ) .the indenture governing the ati notes contains covenants that , among other things , limit the ability of the issuer subsidiary and its guarantors to incur or guarantee additional indebtedness , create liens , pay dividends or make other equity distributions , enter into agreements restricting the restricted subsidiaries 2019 ability to pay dividends , purchase or redeem capital stock , make investments and sell assets or consolidate or merge with or into other companies .the ati notes rank junior in right of payment to all existing and future senior indebtedness , including all indebtedness outstanding under the credit facilities , and are structurally senior in right of payment to all existing and future indebtedness of the company .amended and restated loan agreement 2014on february 21 , 2003 , the company completed an amendment to its credit facilities .the amendment provides for the following : 2022 prepayment of a portion of outstanding term loans .the company agreed to prepay an aggregate of $ 200.0 million of the term loans outstanding under the credit facilities from a portion of the net proceeds of the ati notes offering completed in january 2003 .this prepayment consisted of a $ 125.0 million prepayment of the term loan a and a $ 75.0 million prepayment of the term loan b , each to be applied to reduce future scheduled principal payments .giving effect to the prepayment of $ 200.0 million of term loans under the credit facility and the issuance of the ati notes as discussed above as well as the paydown of debt from net proceeds of the sale of mtn ( $ 24.5 million in february 2003 ) , the company 2019s aggregate principal payments of long- term debt , including capital leases , for the next five years and thereafter are as follows ( in thousands ) : year ending december 31 .
[['2003', '$ 268496'], ['2004', '131262'], ['2005', '195082'], ['2006', '538479'], ['2007', '1065437'], ['thereafter', '1408783'], ['total', '$ 3607539']]
.
|
what was the percent of the company aggregate principal payments due in 2006
|
14.9%
|
{
"answer": "14.9%",
"decimal": 0.149,
"type": "percentage"
}
| |
investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .see note 14 2014income taxes for additional information .allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction .the regulated utility subsidiaries record afudc to the extent permitted by the pucs .the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net on the consolidated statements of operations .any portion of afudc attributable to equity funds would be included in other , net on the consolidated statements of operations .afudc is provided in the following table for the years ended december 31: .
[['', '2018', '2017', '2016'], ['allowance for other funds used during construction', '$ 24', '$ 19', '$ 15'], ['allowance for borrowed funds used during construction', '13', '8', '6']]
environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s .federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the subsidiary to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california .the subsidiary agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .remediation costs accrued amounted to $ 4 million and $ 6 million as of december 31 , 2018 and 2017 , respectively .derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures .the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments .all derivatives are recognized on the balance sheet at fair value .on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) .changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings .the gains and losses on the effective portion of cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows .any ineffective portion of designated cash-flow hedges is recognized in current-period earnings. .
|
what was the minimum allowance for other funds used during construction in the table?
|
15
|
{
"answer": "15",
"decimal": 15,
"type": "float"
}
| |
liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries .stress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized .these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and geopolitical and macroeconomic conditions .these conditions include expected and stressed market conditions as well as company-specific events .liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions .liquidity limits are set accordingly .to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily .given the range of potential stresses , citi maintains contingency funding plans on a consolidated basis and for individual entities .these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses .short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal liquidity stress metrics that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s .lcr rules .generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario .the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days .banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows .the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 .pursuant to the federal reserve board 2019s final rule regarding lcr disclosures , effective april 1 , 2017 , citi began to disclose lcr in the prescribed format .the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec .31 , sept .30 , dec .31 .
[['in billions of dollars', 'dec . 31 2017', 'sept . 30 2017', 'dec . 31 2016'], ['hqla', '$ 446.4', '$ 448.6', '$ 403.7'], ['net outflows', '364.3', '365.1', '332.5'], ['lcr', '123% ( 123 % )', '123% ( 123 % )', '121% ( 121 % )'], ['hqla in excess of net outflows', '$ 82.1', '$ 83.5', '$ 71.3']]
note : amounts set forth in the table above are presented on an average basis .as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows .the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning .sequentially , citi 2019s lcr remained unchanged .long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement .the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules .in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level .a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments .prescribed factors would be required to be applied to the various categories of asset and liabilities classes .the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) .while citi believes that it is compliant with the proposed u.s .nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 .citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. .
|
what was the change in billions of hqla from dec . 31 , 2016 to dec . 31 , 2017?
|
42.7
|
{
"answer": "42.7",
"decimal": 42.7,
"type": "float"
}
| |
costs .our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs .in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 .our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility .the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins .we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins .we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges .our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years .as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 .this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs .operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees .we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 .given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero .2011 vs .2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities .additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value .because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings .operating costs decreased due primarily to a decrease in ad valorem taxes .selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: .
[['operating information', 'years ended december 31 , 2012', 'years ended december 31 , 2011', 'years ended december 31 , 2010'], ['natural gas marketed ( bcf )', '709', '845', '919'], ['natural gas gross margin ( $ /mcf )', '$ -0.07 ( 0.07 )', '$ 0.06', '$ 0.18'], ['physically settled volumes ( bcf )', '1433', '1724', '1874']]
natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity .the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity .transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. .
|
what was the percentage difference in natural gas marketed ( bcf ) between 2011 and 2012?
|
-16%
|
{
"answer": "-16%",
"decimal": -0.16,
"type": "percentage"
}
| |
item 12 .security ownership of certain beneficial owners and management and related stockholder matters .the information required by item 12 is included under the heading 201csecurity ownership of management and certain beneficial owners 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k .equity compensation plan information the following table provides information about our equity compensation plans that authorize the issuance of shares of lockheed martin common stock to employees and directors .the information is provided as of december 31 , 2016 .plan category number of securities to be issued exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 5802673 $ 85.82 6216471 equity compensation plans not approved by security holders ( 2 ) 1082347 2014 2481032 .
[['plan category', 'number of securities to beissued upon exercise of outstanding options warrants and rights ( a )', 'weighted-average exercise price of outstanding options warrants and rights ( b )', 'number of securities remaining availablefor future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )'], ['equity compensation plans approved by securityholders ( 1 )', '5802673', '$ 85.82', '6216471'], ['equity compensation plans not approved bysecurity holders ( 2 )', '1082347', '2014', '2481032'], ['total', '6885020', '$ 85.82', '8697503']]
( 1 ) column ( a ) includes , as of december 31 , 2016 : 1747151 shares that have been granted as restricted stock units ( rsus ) , 936308 shares that could be earned pursuant to grants of performance stock units ( psus ) ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) and 2967046 shares granted as options under the lockheed martin corporation 2011 incentive performance award plan ( 2011 ipa plan ) or predecessor plans prior to january 1 , 2013 and 23346 shares granted as options and 128822 stock units payable in stock or cash under the lockheed martin corporation 2009 directors equity plan ( directors equity plan ) or predecessor plans for members ( or former members ) of the board of directors .column ( c ) includes , as of december 31 , 2016 , 5751655 shares available for future issuance under the 2011 ipa plan as options , stock appreciation rights ( sars ) , restricted stock awards ( rsas ) , rsus or psus and 464816 shares available for future issuance under the directors equity plan as stock options and stock units .of the 5751655 shares available for grant under the 2011 ipa plan on december 31 , 2016 , 516653 and 236654 shares are issuable pursuant to grants made on january 26 , 2017 , of rsus and psus ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) , respectively .the weighted average price does not take into account shares issued pursuant to rsus or psus .( 2 ) the shares represent annual incentive bonuses and long-term incentive performance ( ltip ) payments earned and voluntarily deferred by employees .the deferred amounts are payable under the deferred management incentive compensation plan ( dmicp ) .deferred amounts are credited as phantom stock units at the closing price of our stock on the date the deferral is effective .amounts equal to our dividend are credited as stock units at the time we pay a dividend .following termination of employment , a number of shares of stock equal to the number of stock units credited to the employee 2019s dmicp account are distributed to the employee .there is no discount or value transfer on the stock distributed .distributions may be made from newly issued shares or shares purchased on the open market .historically , all distributions have come from shares held in a separate trust and , therefore , do not further dilute our common shares outstanding .as a result , these shares also were not considered in calculating the total weighted average exercise price in the table .because the dmicp shares are outstanding , they should be included in the denominator ( and not the numerator ) of a dilution calculation .item 13 .certain relationships and related transactions and director independence .the information required by this item 13 is included under the captions 201ccorporate governance 2013 related person transaction policy , 201d 201ccorporate governance 2013 certain relationships and related person transactions of directors , executive officers , and 5 percent stockholders , 201d and 201ccorporate governance 2013 director independence 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k .item 14 .principal accountant fees and services .the information required by this item 14 is included under the caption 201cproposal 2 2013 ratification of appointment of independent auditors 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k. .
|
what is the total value of the issued securities approved by security holders , ( in millions ) ?
|
498.0
|
{
"answer": "498.0",
"decimal": 498,
"type": "float"
}
| |
areas exceeding 14.1 million acres ( 5.7 million hectares ) .products and brand designations appearing in italics are trademarks of international paper or a related company .industry segment results industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production , as well as with demand for processed foods , poultry , meat and agricultural products .in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix .industrial packaging net sales and operating profits include the results of the temple-inland packaging operations from the date of acquisition in february 2012 and the results of the brazil packaging business from the date of acquisition in january 2013 .in addition , due to the acquisition of a majority share of olmuksa international paper sabanci ambalaj sanayi ve ticaret a.s. , ( now called olmuksan international paper or olmuksan ) net sales for our corrugated packaging business in turkey are included in the business segment totals beginning in the first quarter of 2013 and the operating profits reflect a higher ownership percentage than in previous years .net sales for 2013 increased 12% ( 12 % ) to $ 14.8 billion compared with $ 13.3 billion in 2012 , and 42% ( 42 % ) compared with $ 10.4 billion in 2011 .operating profits were 69% ( 69 % ) higher in 2013 than in 2012 and 57% ( 57 % ) higher than in 2011 .excluding costs associated with the acquisition and integration of temple-inland , the divestiture of three containerboard mills and other special items , operating profits in 2013 were 36% ( 36 % ) higher than in 2012 and 59% ( 59 % ) higher than in 2011 .benefits from the net impact of higher average sales price realizations and an unfavorable mix ( $ 749 million ) were offset by lower sales volumes ( $ 73 million ) , higher operating costs ( $ 64 million ) , higher maintenance outage costs ( $ 16 million ) and higher input costs ( $ 102 million ) .additionally , operating profits in 2013 include costs of $ 62 million associated with the integration of temple-inland , a gain of $ 13 million related to a bargain purchase adjustment on the acquisition of a majority share of our operations in turkey , and a net gain of $ 1 million for other items , while operating profits in 2012 included costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging business of $ 17 million and a $ 3 million gain for other items .industrial packaging .
[['in millions', '2013', '2012', '2011'], ['sales', '$ 14810', '$ 13280', '$ 10430'], ['operating profit', '1801', '1066', '1147']]
north american industrial packaging net sales were $ 12.5 billion in 2013 compared with $ 11.6 billion in 2012 and $ 8.6 billion in 2011 .operating profits in 2013 were $ 1.8 billion ( both including and excluding costs associated with the integration of temple-inland and other special items ) compared with $ 1.0 billion ( $ 1.3 billion excluding costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) in 2012 and $ 1.1 billion ( both including and excluding costs associated with signing an agreement to acquire temple-inland ) in 2011 .sales volumes decreased in 2013 compared with 2012 reflecting flat demand for boxes and the impact of commercial decisions .average sales price realizations were significantly higher mainly due to the realization of price increases for domestic containerboard and boxes .input costs were higher for wood , energy and recycled fiber .freight costs also increased .planned maintenance downtime costs were higher than in 2012 .manufacturing operating costs decreased , but were offset by inflation and higher overhead and distribution costs .the business took about 850000 tons of total downtime in 2013 of which about 450000 were market- related and 400000 were maintenance downtime .in 2012 , the business took about 945000 tons of total downtime of which about 580000 were market-related and about 365000 were maintenance downtime .operating profits in 2013 included $ 62 million of costs associated with the integration of temple-inland .operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills .looking ahead to 2014 , compared with the fourth quarter of 2013 , sales volumes in the first quarter are expected to increase for boxes due to a higher number of shipping days offset by the impact from the severe winter weather events impacting much of the u.s .input costs are expected to be higher for energy , recycled fiber , wood and starch .planned maintenance downtime spending is expected to be about $ 51 million higher with outages scheduled at six mills compared with four mills in the 2013 fourth quarter .manufacturing operating costs are expected to be lower .however , operating profits will be negatively impacted by the adverse winter weather in the first quarter of 2014 .emea industrial packaging net sales in 2013 include the sales of our packaging operations in turkey which are now fully consolidated .net sales were $ 1.3 billion in 2013 compared with $ 1.0 billion in 2012 and $ 1.1 billion in 2011 .operating profits in 2013 were $ 43 million ( $ 32 .
|
what percentage of industrial packaging sales where represented by north american industrial packaging net sales in 2012?
|
87%
|
{
"answer": "87%",
"decimal": 0.87,
"type": "percentage"
}
| |
entergy louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 991.1'], ['retail electric price', '-17.1 ( 17.1 )'], ['purchased power capacity', '-12.0 ( 12.0 )'], ['net wholesale revenue', '-7.4 ( 7.4 )'], ['other', '4.6'], ['2008 net revenue', '$ 959.2']]
the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 .refer to "hurricane rita and hurricane katrina" and "state and local rate regulation" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing .the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 .purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges .see "state and local rate regulation" below for a discussion of the formula rate plan filing .the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales .gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage .the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits .fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .
|
what percent of the change in net revenue between 2007 and 2008 was due to purchased power capacity?
|
37.6%
|
{
"answer": "37.6%",
"decimal": 0.376,
"type": "percentage"
}
| |
united kingdom .bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk .bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation .if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow .ireland .holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland .available information .the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestre.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) .item 1a .risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities .if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly .risks relating to our business fluctuations in the financial markets could result in investment losses .prolonged and severe disruptions in the public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio .for the year ended december 31 , 2008 , we incurred $ 695.8 million of realized investment gains and $ 310.4 million of unrealized investment losses .although financial markets significantly improved during 2009 and 2010 , they could deteriorate in the future and again result in substantial realized and unrealized losses , which could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings .our results could be adversely affected by catastrophic events .we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism .any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations .subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes .prior to april 1 , 2010 , we used a threshold of $ 5.0 million .by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
[['calendar year:', 'pre-tax catastrophe losses'], ['( dollars in millions )', ''], ['2010', '$ 571.1'], ['2009', '67.4'], ['2008', '364.3'], ['2007', '160.0'], ['2006', '287.9']]
.
|
what would be the net value , in millions of dollars , of investment gains in 2008 if all unrealized losses were realized?
|
385.4
|
{
"answer": "385.4",
"decimal": 385.4,
"type": "float"
}
|
i am not actually sure how relevant this question is . gains or losses are said to be "realized" when a stock ( or other investment ) that you own is actually sold . unrealized gains and losses are also commonly known as "paper" profits or losses . an unrealized loss occurs when a stock decreases after an investor buys it , but has yet to sell it .
|
item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: .
[['( square feet in thousands )', 'united states', 'other countries', 'total'], ['owned', '3748', '1624', '5372'], ['leased', '556', '1107', '1663'], ['total', '4304', '2731', '7035']]
because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country .the company's headquarters offices are in santa clara , california .products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore .remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .products in the display segment are manufactured in tainan , taiwan and santa clara , california .products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy .applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan .these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support .applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space .applied considers the properties that it owns or leases as adequate to meet its current and future requirements .applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .
|
based on the table , how much more square feet is owned outside the united states?
|
2731 thousand square feet .
|
{
"answer": "2731 thousand square feet .",
"decimal": 2731000,
"type": "open_ended_answer"
}
|
this is a pretty self explanatory question but units are needed or the answer is incorrect .
|
taxing authorities could challenge our historical and future tax positions .our future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory rates and changes in tax laws or their interpretation including changes related to tax holidays or tax incentives .our taxes could increase if certain tax holidays or incentives are not renewed upon expiration , or if tax rates or regimes applicable to us in such jurisdictions are otherwise increased .the amount of tax we pay is subject to our interpretation of applicable tax laws in the jurisdictions in which we file .we have taken and will continue to take tax positions based on our interpretation of such tax laws .in particular , we will seek to organize and operate ourselves in such a way that we are and remain tax resident in the united kingdom .additionally , in determining the adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations .while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur .while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes .should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition .item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2016 , we owned or leased 126 major manufacturing sites and 15 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 46 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
[['', 'north america', 'europemiddle east& africa', 'asia pacific', 'south america', 'total'], ['electrical/electronic architecture', '32', '34', '25', '5', '96'], ['powertrain systems', '4', '8', '5', '1', '18'], ['electronics and safety', '3', '6', '3', '2014', '12'], ['total', '39', '48', '33', '6', '126']]
in addition to these manufacturing sites , we had 15 major technical centers : five in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 75 are primarily owned and 66 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates. .
|
what percentage of major manufacturing sites are in europe middle east& africa?
|
38%
|
{
"answer": "38%",
"decimal": 0.38,
"type": "percentage"
}
| |
- 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 2 category from 2007 to 2008?
|
-4.3
|
{
"answer": "-4.3",
"decimal": -4.3,
"type": "float"
}
| |
marathon oil corporation notes to consolidated financial statements equivalent to the exchangeable shares at the acquisition date as discussed below .additional shares of voting preferred stock will be issued as necessary to adjust the number of votes to account for changes in the exchange ratio .preferred shares 2013 in connection with the acquisition of western discussed in note 6 , the board of directors authorized a class of voting preferred stock consisting of 6 million shares .upon completion of the acquisition , we issued 5 million shares of this voting preferred stock to a trustee , who holds the shares for the benefit of the holders of the exchangeable shares discussed above .each share of voting preferred stock is entitled to one vote on all matters submitted to the holders of marathon common stock .each holder of exchangeable shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of marathon common stock issuable upon the exchange of the exchangeable shares held by that holder .in no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding exchangeable shares .except as otherwise provided in our restated certificate of incorporation or by applicable law , the common stock and the voting preferred stock will vote together as a single class in the election of directors of marathon and on all other matters submitted to a vote of stockholders of marathon generally .the voting preferred stock will have no other voting rights except as required by law .other than dividends payable solely in shares of voting preferred stock , no dividend or other distribution , will be paid or payable to the holder of the voting preferred stock .in the event of any liquidation , dissolution or winding up of marathon , the holder of shares of the voting preferred stock will not be entitled to receive any assets of marathon available for distribution to its stockholders .the voting preferred stock is not convertible into any other class or series of the capital stock of marathon or into cash , property or other rights , and may not be redeemed .25 .leases we lease a wide variety of facilities and equipment under operating leases , including land and building space , office equipment , production facilities and transportation equipment .most long-term leases include renewal options and , in certain leases , purchase options .future minimum commitments for capital lease obligations ( including sale-leasebacks accounted for as financings ) and for operating lease obligations having initial or remaining noncancelable lease terms in excess of one year are as follows : ( in millions ) capital lease obligations ( a ) operating obligations .
[['( in millions )', 'capital lease obligations ( a )', 'operating lease obligations'], ['2010', '$ 46', '$ 165'], ['2011', '45', '140'], ['2012', '58', '121'], ['2013', '44', '102'], ['2014', '44', '84'], ['later years', '466', '313'], ['sublease rentals', '-', '-16 ( 16 )'], ['total minimum lease payments', '$ 703', '$ 909'], ['less imputed interest costs', '-257 ( 257 )', ''], ['present value of net minimum lease payments', '$ 446', '']]
( a ) capital lease obligations include $ 164 million related to assets under construction as of december 31 , 2009 .these leases are currently reported in long-term debt based on percentage of construction completed at $ 36 million .in connection with past sales of various plants and operations , we assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of united states steel .in the event of a default by any of the purchasers , united states steel has assumed these obligations ; however , we remain primarily obligated for payments under these leases .minimum lease payments under these operating lease obligations of $ 16 million have been included above and an equal amount has been reported as sublease rentals. .
|
how much of total minimum lease payments ( in millions ) are not due to assets under construction?
|
539
|
{
"answer": "539",
"decimal": 539,
"type": "float"
}
| |
the city council 2019s advisors and entergy new orleans .in february 2018 the city council approved the settlement , which deferred cost recovery to the 2018 entergy new orleans rate case , but also stated that an adjustment for 2018-2019 ami costs can be filed in the rate case and that , for all subsequent ami costs , the mechanism to be approved in the 2018 rate case will allow for the timely recovery of such costs .sources of capital entergy new orleans 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt and preferred membership interest issuances ; and 2022 bank financing under new or existing facilities .entergy new orleans may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable .entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .
[['2017', '2016', '2015', '2014'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 12723', '$ 14215', '$ 15794', '$ 442']]
see note 4 to the financial statements for a description of the money pool .entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 .the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility .as of december 31 , 2017 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility .in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 1.4 million letter of credit was outstanding under entergy new orleans 2019s letter of credit a0facility .see note 4 to the financial statements for additional discussion of the credit facilities .entergy new orleans obtained authorization from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 150 million at any time outstanding and long-term borrowings and securities issuances .see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits .the long-term securities issuances of entergy new orleans are limited to amounts authorized not only by the ferc , but also by the city council , and the current city council authorization extends through june 2018 .entergy new orleans , llc and subsidiaries management 2019s financial discussion and analysis state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity .entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings .a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers .retail rates see 201calgiers asset transfer 201d below for discussion of the algiers asset transfer .as a provision of the settlement agreement approved by the city council in may 2015 providing for the algiers asset transfer , it was agreed that , with limited exceptions , no action may be taken with respect to entergy new orleans 2019s base rates until rates are implemented .
|
as of december 31 , 2017 what was the percent of the entergy new orleans credit facility allowance for the for the issue letters of credit that was outstanding
|
8%
|
{
"answer": "8%",
"decimal": 0.08,
"type": "percentage"
}
| |
management 2019s priorities management has re-evaluated its priorities following the appointment of its new ceo in september 2011 .management is focused on the following priorities : 2022 execution of our geographic concentration strategy to maximize shareholder value through disciplined capital allocation including : 2022 platform expansion in brazil , chile , colombia , and the united states , 2022 platform development in turkey , poland , and the united kingdom , 2022 corporate debt reduction , and 2022 a return of capital to shareholders , including our intent to initiate a dividend in 2012 ; 2022 closing the sales of businesses for which we have signed agreements with counterparties and prudently exiting select non-strategic markets ; 2022 optimizing profitability of operations in the existing portfolio ; 2022 integration of dpl into our portfolio ; 2022 implementing a management realignment of our businesses under two business lines : utilities and generation , and achieving cost savings through the alignment of overhead costs with business requirements , systems automation and optimal allocation of business development spending ; and 2022 completion of an approximately 2400 mw construction program and the integration of new projects into existing businesses .during the year ended december 31 , 2011 , the following projects commenced commercial operations : project location fuel aes equity interest ( percent , rounded ) aes solar ( 1 ) .......................various solar 62 50% ( 50 % ) .
[['project', 'location', 'fuel', 'gross mw', 'aes equity interest ( percent rounded )'], ['aes solar ( 1 )', 'various', 'solar', '62', '50% ( 50 % )'], ['angamos', 'chile', 'coal', '545', '71% ( 71 % )'], ['changuinola', 'panama', 'hydro', '223', '100% ( 100 % )'], ['kumkoy ( 2 )', 'turkey', 'hydro', '18', '51% ( 51 % )'], ['laurel mountain', 'us-wv', 'wind', '98', '100% ( 100 % )'], ['maritza', 'bulgaria', 'coal', '670', '100% ( 100 % )'], ['sao joaquim', 'brazil', 'hydro', '3', '24% ( 24 % )'], ['trinidad ( 3 )', 'trinidad', 'gas', '394', '10% ( 10 % )']]
trinidad ( 3 ) ........................trinidad gas 394 10% ( 10 % ) ( 1 ) aes solar energy ltd .is a joint venture with riverstone holdings and is accounted for as an equity method investment .plants that came online during the year include : kalipetrovo , ugento , soemina , francavilla fontana , latina , cocomeri , francofonte , scopeto , sabaudia , aprilla-1 , siracusa 1-3 complex , manduria apollo and rinaldone .( 2 ) joint venture with i.c .energy .( 3 ) an equity method investment held by aes .key trends and uncertainties our operations continue to face many risks as discussed in item 1a . 2014risk factors of this form 10-k .some of these challenges are also described below in 201ckey drivers of results in 2011 201d .we continue to monitor our operations and address challenges as they arise .operations in august 2010 , the esti power plant , a 120 mw run-of-river hydroelectric power plant in panama , was taken offline due to damage to its tunnel infrastructure .aes panama is partially covered for business .
|
in gross mw , what is the company's total coal capacity?
|
1215
|
{
"answer": "1215",
"decimal": 1215,
"type": "float"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 the total amount of unrecognized tax benefits anticipated to result in a net decrease to unrecognized tax benefits within 12 months of december 31 , 2017 is estimated to be between $ 5 million and $ 15 million , primarily relating to statute of limitation lapses and tax exam settlements .the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
[['december 31,', '2017', '2016', '2015'], ['balance at january 1', '$ 352', '$ 364', '$ 384'], ['additions for current year tax positions', '2014', '2', '2'], ['additions for tax positions of prior years', '2', '1', '12'], ['reductions for tax positions of prior years', '-5 ( 5 )', '-1 ( 1 )', '-7 ( 7 )'], ['effects of foreign currency translation', '2014', '2014', '-3 ( 3 )'], ['settlements', '2014', '-13 ( 13 )', '-17 ( 17 )'], ['lapse of statute of limitations', '-1 ( 1 )', '-1 ( 1 )', '-7 ( 7 )'], ['balance at december 31', '$ 348', '$ 352', '$ 364']]
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2017 .our effective tax rate and net income in any given future period could therefore be materially impacted .21 .discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market .eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business .as a result , the company deconsolidated eletropaulo .after deconsolidation , the company's 17% ( 17 % ) ownership interest is reflected as an equity method investment .the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl .in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation .therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented .eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively .eletropaulo's pre-tax income attributable to aes for the year ended december 31 , 2015 was $ 73 million .prior to its classification as discontinued operations , eletropaulo was reported in the brazil sbu reportable segment .sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 .the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented .upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul .prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group .on october 31 , 2016 , the company completed the sale of sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .upon disposal of sul , the company incurred an additional after-tax .
|
what was the net change in millions in unrecognized tax benefits from 2016 to 2017?
|
-4
|
{
"answer": "-4",
"decimal": -4,
"type": "float"
}
| |
48 2022 2010 annual report as part of the acquisition of gfsi , we acquired gross net operating loss ( 201cnol 201d ) carry forwards of $ 64431 ; of which , only $ 34592 are expected to be utilized due to the application of irc section 382 .separately , as of june 30 , 2010 , we had state nol carry forwards of $ 838 .these losses have varying expiration dates , ranging from 2012 to 2029 .based on state tax rules which restrict our usage of these losses , we believe it is more likely than not that $ 306 of these losses will expire unutilized .accordingly , a valuation allowance of $ 306 has been recorded against these assets as of june 30 , 2010 .the company paid income taxes of $ 42116 , $ 62965 , and $ 51709 in 2010 , 2009 , and 2008 , respectively .at june 30 , 2009 , the company had $ 5518 of unrecognized tax benefits .at june 30 , 2010 , the company had $ 7187 of unrecognized tax benefits , of which , $ 4989 , if recognized , would affect our effective tax rate .we had accrued interest and penalties of $ 890 and $ 732 related to uncertain tax positions at june 30 , 2010 and 2009 , respectively .a reconciliation of the unrecognized tax benefits for the years ended june 30 , 2010 and 2009 follows : unrecognized tax benefits .
[['', 'unrecognized tax benefits'], ['balance at july 1 2008', '$ 4055'], ['additions for current year tax positions', '1044'], ['additions for prior year tax positions', '2052'], ['reductions for prior year tax positions', '-110 ( 110 )'], ['settlements', '-936 ( 936 )'], ['reductions related to expirations of statute of limitations', '-587 ( 587 )'], ['balance at june 30 2009', '5518'], ['additions for current year tax positions', '691'], ['reductions for current year tax positions', '-39 ( 39 )'], ['additions for prior year tax positions', '2049'], ['reductions for prior year tax positions', '-298 ( 298 )'], ['settlements', '-'], ['reductions related to expirations of statute of limitations', '-734 ( 734 )'], ['balance at june 30 2010', '$ 7187']]
during the fiscal year ended june 30 , 2010 , the internal revenue service commenced an examination of the company 2019s u.s .federal income tax returns for fiscal years ended june 2008 through 2009 .the u.s .federal and state income tax returns for june 30 , 2007 and all subsequent years still remain subject to examination as of june 30 , 2010 under statute of limitations rules .we anticipate potential changes resulting from the expiration of statutes of limitations of up to $ 965 could reduce the unrecognized tax benefits balance within twelve months of june 30 , note 8 : industry and supplier concentrations the company sells its products to banks , credit unions , and financial institutions throughout the united states and generally does not require collateral .all billings to customers are due 30 days from date of billing .reserves ( which are insignificant at june 30 , 2010 , 2009 and 2008 ) are maintained for potential credit losses .in addition , the company purchases most of its computer hardware and related maintenance for resale in relation to installation of jha software systems from two suppliers .there are a limited number of hardware suppliers for these required items .if these relationships were terminated , it could have a significant negative impact on the future operations of the company .note 9 : stock based compensation plans the company previously issued options to employees under the 1996 stock option plan ( 201c1996 sop 201d ) and currently issues options to outside directors under the 2005 non-qualified stock option plan ( 201c2005 nsop 201d ) .1996 sop the 1996 sop was adopted by the company on october 29 , 1996 , for its employees .terms and vesting periods .
|
if the companies accounting policy were to include accrued interest and penalties in utp , what would the balance be as of at june 30 2009?
|
6259
|
{
"answer": "6259",
"decimal": 6259,
"type": "float"
}
| |
the discount rate assumption was determined for the pension and postretirement benefit plans independently .at year-end 2011 , the company began using an approach that approximates the process of settlement of obligations tailored to the plans 2019 expected cash flows by matching the plans 2019 cash flows to the coupons and expected maturity values of individually selected bonds .the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .historically , for each plan , the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments .the expected long-term rate of return on plan assets is based on historical and projected rates of return , prior to administrative and investment management fees , for current and planned asset classes in the plans 2019 investment portfolios .assumed projected rates of return for each of the plans 2019 projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes .based on the target asset allocation for each asset class , the overall expected rate of return for the portfolio was developed , adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets .the company 2019s pension expense increases as the expected return on assets decreases .in the determination of year end 2014 projected benefit plan obligations , the company adopted a new table based on the society of actuaries rp 2014 mortality table including a generational bb-2d projection scale .the adoption resulted in a significant increase to pension and other postretirement benefit plans 2019 projected benefit obligations .assumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans .the health care cost trend rate is based on historical rates and expected market conditions .a one-percentage-point change in assumed health care cost trend rates would have the following effects : one-percentage-point increase one-percentage-point decrease effect on total of service and interest cost components ...............$ 5943 $ ( 4887 ) effect on other postretirement benefit obligation ....................$ 105967 $ ( 86179 ) .
[['', 'one-percentage-point increase', 'one-percentage-point decrease'], ['effect on total of service and interest cost components', '$ 5943', '$ -4887 ( 4887 )'], ['effect on other postretirement benefit obligation', '$ 105967', '$ -86179 ( 86179 )']]
the discount rate assumption was determined for the pension and postretirement benefit plans independently .at year-end 2011 , the company began using an approach that approximates the process of settlement of obligations tailored to the plans 2019 expected cash flows by matching the plans 2019 cash flows to the coupons and expected maturity values of individually selected bonds .the yield curve was developed for a universe containing the majority of u.s.-issued aa-graded corporate bonds , all of which were non callable ( or callable with make-whole provisions ) .historically , for each plan , the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments .the expected long-term rate of return on plan assets is based on historical and projected rates of return , prior to administrative and investment management fees , for current and planned asset classes in the plans 2019 investment portfolios .assumed projected rates of return for each of the plans 2019 projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes .based on the target asset allocation for each asset class , the overall expected rate of return for the portfolio was developed , adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets .the company 2019s pension expense increases as the expected return on assets decreases .in the determination of year end 2014 projected benefit plan obligations , the company adopted a new table based on the society of actuaries rp 2014 mortality table including a generational bb-2d projection scale .the adoption resulted in a significant increase to pension and other postretirement benefit plans 2019 projected benefit obligations .assumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans .the health care cost trend rate is based on historical rates and expected market conditions .a one-percentage-point change in assumed health care cost trend rates would have the following effects : one-percentage-point increase one-percentage-point decrease effect on total of service and interest cost components ...............$ 5943 $ ( 4887 ) effect on other postretirement benefit obligation ....................$ 105967 $ ( 86179 ) .
|
what would the effect on total of service and interest cost components as a result of a 2 percent point increase?
|
$ 11886
|
{
"answer": "$ 11886",
"decimal": 11886,
"type": "money"
}
| |
agreements containing cross-default provisions .under these circumstances , we might not have sufficient funds or other resources to satisfy all of our obligations .the mandatory convertible preferred stock underlying the depositary shares issued in connection with the financing of the bard transaction may adversely affect the market price of bd common stock .the market price of bd common stock is likely to be influenced by the mandatory convertible preferred stock underlying the depositary shares issued in connection with the financing for the bard transaction .the market price of bd common stock could become more volatile and could be depressed by : 2022 investors 2019 anticipation of the potential resale in the market of a substantial number of additional shares of bd common stock received upon conversion of the mandatory convertible preferred stock ; 2022 possible sales of bd common stock by investors who view the mandatory convertible preferred stock as a more attractive means of equity participation in bd than owning shares of bd common stock ; and 2022 hedging or arbitrage trading activity that may develop involving the mandatory convertible preferred stock and bd common stock .item 1b .unresolved staff comments .item 2 .properties .bd 2019s executive offices are located in franklin lakes , new jersey .as of october 31 , 2018 , bd owned or leased 380 facilities throughout the world , comprising approximately 24658363 square feet of manufacturing , warehousing , administrative and research facilities .the u.s .facilities , including those in puerto rico , comprise approximately 8619099 square feet of owned and 4407539 square feet of leased space .the international facilities comprise approximately 8484223 square feet of owned and 3147502 square feet of leased space .sales offices and distribution centers included in the total square footage are also located throughout the world .operations in each of bd 2019s business segments are conducted at both u.s .and international locations .particularly in the international marketplace , facilities often serve more than one business segment and are used for multiple purposes , such as administrative/sales , manufacturing and/or warehousing/distribution .bd generally seeks to own its manufacturing facilities , although some are leased .the following table summarizes property information by business segment. .
[['sites', 'corporate', 'bd life sciences', 'bd medical', 'bd interventional', 'mixed ( a )', 'total'], ['leased', '20', '21', '81', '86', '83', '291'], ['owned', '6', '23', '31', '23', '6', '89'], ['total', '26', '44', '112', '109', '89', '380'], ['square feet', '2281986', '3958668', '10946766', '4651903', '2819040', '24658363']]
( a ) facilities used by more than one business segment .bd believes that its facilities are of good construction and in good physical condition , are suitable and adequate for the operations conducted at those facilities , and are , with minor exceptions , fully utilized and operating at normal capacity .the u.s .facilities are located in alabama , arizona , california , connecticut , florida , georgia , illinois , indiana , maryland , massachusetts , michigan , minnesota , missouri , montana , nebraska , new jersey , new york , north carolina , ohio , oklahoma , oregon , pennsylvania , rhode island , south carolina , tennessee , texas , utah , virginia , washington , d.c. , washington , wisconsin and puerto rico. .
|
as of october 31 , 2018 , what was the average square footage per location bd owned or leased in square feet .
|
64890.4
|
{
"answer": "64890.4",
"decimal": 64890.4,
"type": "float"
}
| |
assets ( including trade receivables ) that are in the scope of the update .asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .the guidance will become effective for us on january 1 , 2020 .early adoption is permitted for periods beginning on or after january 1 , 2019 .we are evaluating the effect of asu 2016-13 on our consolidated financial statements .note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date .on october 17 , 2018 , we acquired sicom systems , inc .( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) .sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies .sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market .prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor .his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us .based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did .the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
[['cash and cash equivalents', '$ 7540'], ['property and equipment', '5943'], ['identified intangible assets', '188294'], ['other assets', '22278'], ['deferred income taxes', '-48448 ( 48448 )'], ['other liabilities', '-31250 ( 31250 )'], ['total identifiable net assets', '144357'], ['goodwill', '264844'], ['total purchase consideration', '$ 409201']]
as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed .goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses .we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes .74 2013 global payments inc .| 2018 form 10-k annual report .
|
what percentage of total purchase consideration is composed of goodwill?
|
64.7%
|
{
"answer": "64.7%",
"decimal": 0.647,
"type": "percentage"
}
| |
table of contents extinguishment costs incurred as a result of the repayment of certain aircraft secured indebtedness , including cash interest charges and non-cash write offs of unamortized debt issuance costs .as a result of the 2013 refinancing activities and the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes in 2014 , we recognized $ 100 million less interest expense in 2014 as compared to the 2013 period .other nonoperating expense , net in 2014 consisted principally of net foreign currency losses of $ 114 million and early debt extinguishment charges of $ 56 million .other nonoperating expense , net in 2013 consisted principally of net foreign currency losses of $ 56 million and early debt extinguishment charges of $ 29 million .other nonoperating expense , net increased $ 64 million , or 73.1% ( 73.1 % ) , during 2014 primarily due to special charges recognized as a result of early debt extinguishment and an increase in foreign currency losses driven by the strengthening of the u.s .dollar in foreign currency transactions , principally in latin american markets .we recorded a $ 43 million special charge for venezuelan foreign currency losses in 2014 .see part ii , item 7a .quantitative and qualitative disclosures about market risk for further discussion of our cash held in venezuelan bolivars .in addition , our 2014 nonoperating special items included $ 56 million primarily related to the early extinguishment of american 2019s 7.50% ( 7.50 % ) senior secured notes and other indebtedness .reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases .the following table summarizes the components included in reorganization items , net on aag 2019s consolidated statement of operations for the year ended december 31 , 2013 ( in millions ) : .
[['', '2013'], ['labor-related deemed claim ( 1 )', '$ 1733'], ['aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )', '325'], ['fair value of conversion discount ( 4 )', '218'], ['professional fees', '199'], ['other', '180'], ['total reorganization items net', '$ 2655']]
( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , we agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees .each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes .the total value of this deemed claim was approximately $ 1.7 billion .( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds .the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim .see note 2 to aag 2019s consolidated financial statements in part ii , item 8a for further information .( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations .as a result , during the year ended december 31 , 2013 , we recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above. .
|
what percentage of total reorganization items net were aircraft and facility financing renegotiations and rejections in 2013?
|
12.2%
|
{
"answer": "12.2%",
"decimal": 0.122,
"type": "percentage"
}
| |
portion of their plan account invested in shares of pnc common stock into other investments available within the plan .prior to this amendment , only participants age 50 or older were permitted to exercise this diversification option .employee benefits expense related to this plan was $ 52 million in 2007 , $ 52 million in 2006 and $ 47 million in 2005 .we measured employee benefits expense as the fair value of the shares and cash contributed to the plan by pnc .hilliard lyons sponsors a contributory , qualified defined contribution plan that covers substantially all of its employees who are not covered by the plan described above .contributions to this plan are made in cash and include a base contribution for those participants employed at december 31 , a matching of employee contributions , and a discretionary profit sharing contribution as determined by hilliard lyons 2019 executive compensation committee .employee benefits expense for this plan was $ 6 million in 2007 , $ 5 million in 2006 and $ 6 million in 2005 .see note 2 acquisitions and divestitures regarding our pending sale of hilliard lyons .we have a separate qualified defined contribution plan that covers substantially all us-based pfpc employees not covered by our plan .the plan is a 401 ( k ) plan and includes an esop feature .under this plan , employee contributions of up to 6% ( 6 % ) of eligible compensation as defined by the plan may be matched annually based on pfpc performance levels .participants must be employed as of december 31 of each year to receive this annual contribution .the performance- based employer matching contribution will be made primarily in shares of pnc common stock held in treasury , except in the case of those participants who have exercised their diversification election rights to have their matching portion in other investments available within the plan .mandatory employer contributions to this plan are made in cash and include employer basic and transitional contributions .employee-directed contributions are invested in a number of investment options available under the plan , including a pnc common stock fund and several blackrock mutual funds , at the direction of the employee .effective november 22 , 2005 , we amended the plan to provide all participants the ability to diversify the matching portion of their plan account invested in shares of pnc common stock into other investments available within the plan .prior to this amendment , only participants age 50 or older were permitted to exercise this diversification option .employee benefits expense for this plan was $ 10 million in 2007 , $ 9 million in 2006 and $ 12 million in 2005 .we measured employee benefits expense as the fair value of the shares and cash contributed to the plan .we also maintain a nonqualified supplemental savings plan for certain employees .note 18 stock-based compensation we have long-term incentive award plans ( 201cincentive plans 201d ) that provide for the granting of incentive stock options , nonqualified stock options , stock appreciation rights , incentive shares/performance units , restricted stock , restricted share units , other share-based awards and dollar-denominated awards to executives and , other than incentive stock options , to non-employee directors .certain incentive plan awards may be paid in stock , cash or a combination of stock and cash .we grant a substantial portion of our stock-based compensation awards during the first quarter of the year .as of december 31 , 2007 , no incentive stock options or stock appreciation rights were outstanding .nonqualified stock options options are granted at exercise prices not less than the market value of common stock on the grant date .generally , options granted since 1999 become exercisable in installments after the grant date .options granted prior to 1999 are mainly exercisable 12 months after the grant date .no option may be exercisable after 10 years from its grant date .payment of the option exercise price may be in cash or shares of common stock at market value on the exercise date .the exercise price may be paid in previously owned shares .generally , options granted under the incentive plans vest ratably over a three-year period as long as the grantee remains an employee or , in certain cases , retires from pnc .for all options granted prior to the adoption of sfas 123r , we recognized compensation expense over the three-year vesting period .if an employee retired prior to the end of the three- year vesting period , we accelerated the expensing of all unrecognized compensation costs at the retirement date .as required under sfas 123r , we recognize compensation expense for options granted to retirement-eligible employees after january 1 , 2006 in the period granted , in accordance with the service period provisions of the options .a summary of stock option activity follows: .
[['options outstanding atdecember 31shares in thousands', 'per option exercise price', 'per option weighted- average exercise price', 'shares'], ['december 31 2006', '$ 37.43 2013 $ 76.00', '$ 59.29', '14950'], ['granted', '68.06 2013 76.23', '72.95', '2170'], ['exercised', '37.43 2013 74.59', '54.34', '-2625 ( 2625 )'], ['cancelled', '38.17 2013 75.85', '69.15', '-169 ( 169 )'], ['december 31 2007', '$ 37.43 2013 $ 76.23', '$ 62.15', '14326']]
.
|
what was the net change in weighted average exercise price for 2007?
|
2.86
|
{
"answer": "2.86",
"decimal": 2.86,
"type": "float"
}
| |
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions .( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets .non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
[['december 31,', 'annual maturities ( in millions )'], ['2011', '$ 2577'], ['2012', '657'], ['2013', '953'], ['2014', '1839'], ['2015', '1138'], ['thereafter', '7957'], ['total non-recourse debt', '$ 15121']]
as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs .excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs .these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses .the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 .non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants .these covenants are limited to subsidiary activity and vary among the subsidiaries .these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness .compliance with certain covenants may not be objectively determinable .as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets .various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company .such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. .
|
as of december 31 , 2010 , what was the total committed but unused credit facilities in millions?
|
1325
|
{
"answer": "1325",
"decimal": 1325,
"type": "float"
}
| |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 .
[['year ended december 31 2007 ( in millions )', '2007'], ['loans', '$ -720 ( 720 )'], ['other assets', '-161 ( 161 )'], ['accounts payable accrued expense and other liabilities', '2'], ['total nonrecurring fair value gains ( losses )', '$ -879 ( 879 )']]
in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
|
in 2007 what was the ratio of the changes in loans to other assets
|
4.47
|
{
"answer": "4.47",
"decimal": 4.47,
"type": "float"
}
| |
management 2019s discussion and analysis 2011 versus 2010 .net revenues in investing & lending were $ 2.14 billion and $ 7.54 billion for 2011 and 2010 , respectively .during 2011 , investing & lending results reflected an operating environment characterized by a significant decline in equity markets in europe and asia , and unfavorable credit markets that were negatively impacted by increased concerns regarding the weakened state of global economies , including heightened european sovereign debt risk .results for 2011 included a loss of $ 517 million from our investment in the ordinary shares of icbc and net gains of $ 1.12 billion from other investments in equities , primarily in private equities , partially offset by losses from public equities .in addition , investing & lending included net revenues of $ 96 million from debt securities and loans .this amount includes approximately $ 1 billion of unrealized losses related to relationship lending activities , including the effect of hedges , offset by net interest income and net gains from other debt securities and loans .results for 2011 also included other net revenues of $ 1.44 billion , principally related to our consolidated investment entities .results for 2010 included a gain of $ 747 million from our investment in the ordinary shares of icbc , a net gain of $ 2.69 billion from other investments in equities , a net gain of $ 2.60 billion from debt securities and loans and other net revenues of $ 1.51 billion , principally related to our consolidated investment entities .the net gain from other investments in equities was primarily driven by an increase in global equity markets , which resulted in appreciation of both our public and private equity positions and provided favorable conditions for initial public offerings .the net gains and net interest from debt securities and loans primarily reflected the impact of tighter credit spreads and favorable credit markets during the year , which provided favorable conditions for borrowers to refinance .operating expenses were $ 2.67 billion for 2011 , 20% ( 20 % ) lower than 2010 , due to decreased compensation and benefits expenses , primarily resulting from lower net revenues .this decrease was partially offset by the impact of impairment charges related to consolidated investments during 2011 .pre-tax loss was $ 531 million in 2011 , compared with pre-tax earnings of $ 4.18 billion in 2010 .investment management investment management provides investment management services and offers investment products ( primarily through separately managed accounts and commingled vehicles , such as mutual funds and private investment funds ) across all major asset classes to a diverse set of institutional and individual clients .investment management also offers wealth advisory services , including portfolio management and financial counseling , and brokerage and other transaction services to high-net-worth individuals and families .assets under supervision include assets under management and other client assets .assets under management include client assets where we earn a fee for managing assets on a discretionary basis .this includes net assets in our mutual funds , hedge funds , credit funds and private equity funds ( including real estate funds ) , and separately managed accounts for institutional and individual investors .other client assets include client assets invested with third-party managers , private bank deposits and assets related to advisory relationships where we earn a fee for advisory and other services , but do not have discretion over the assets .assets under supervision do not include the self-directed brokerage accounts of our clients .assets under management and other client assets typically generate fees as a percentage of net asset value , which vary by asset class and are affected by investment performance as well as asset inflows and redemptions .in certain circumstances , we are also entitled to receive incentive fees based on a percentage of a fund 2019s return or when the return exceeds a specified benchmark or other performance targets .incentive fees are recognized only when all material contingencies are resolved .the table below presents the operating results of our investment management segment. .
[['in millions', 'year ended december 2012', 'year ended december 2011', 'year ended december 2010'], ['management and other fees', '$ 4105', '$ 4188', '$ 3956'], ['incentive fees', '701', '323', '527'], ['transaction revenues', '416', '523', '531'], ['total net revenues', '5222', '5034', '5014'], ['operating expenses', '4294', '4020', '4082'], ['pre-tax earnings', '$ 928', '$ 1014', '$ 932']]
56 goldman sachs 2012 annual report .
|
for the investment management segment , what was the change in pre-tax earnings between 2012 and 2011 , in millions?
|
86
|
{
"answer": "86",
"decimal": 86,
"type": "float"
}
| |
notes to consolidated financial statements of annual compensation was made .for the years ended december 31 , 2009 , 2008 and , 2007 , we made matching contributions of approxi- mately $ 450000 , $ 503000 and $ 457000 , respectively .note 17 / commitments and contingencies we and our operating partnership are not presently involved in any mate- rial litigation nor , to our knowledge , is any material litigation threatened against us or our properties , other than routine litigation arising in the ordinary course of business .management believes the costs , if any , incurred by us and our operating partnership related to this litigation will not materially affect our financial position , operating results or liquidity .we have entered into employment agreements with certain executives , which expire between june 2010 and january 2013 .the minimum cash-based compensation , including base salary and guaran- teed bonus payments , associated with these employment agreements totals approximately $ 7.8 million for 2010 .in march 1998 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue .the operating sub-leasehold position required annual ground lease payments totaling $ 6.0 million and sub- leasehold position payments totaling $ 1.1 million ( excluding an operating sub-lease position purchased january 1999 ) .in june 2007 , we renewed and extended the maturity date of the ground lease at 420 lexington avenue through december 31 , 2029 , with an option for further exten- sion through 2080 .ground lease rent payments through 2029 will total approximately $ 10.9 million per year .thereafter , the ground lease will be subject to a revaluation by the parties thereto .in june 2009 , we acquired an operating sub-leasehold posi- tion at 420 lexington avenue for approximately $ 7.7 million .these sub-leasehold positions were scheduled to mature in december 2029 .in october 2009 , we acquired the remaining sub-leasehold position for $ 7.6 million .the property located at 711 third avenue operates under an operating sub-lease , which expires in 2083 .under the sub-lease , we are responsible for ground rent payments of $ 1.55 million annually through july 2011 on the 50% ( 50 % ) portion of the fee we do not own .the ground rent is reset after july 2011 based on the estimated fair market value of the property .we have an option to buy out the sub-lease at a fixed future date .the property located at 461 fifth avenue operates under a ground lease ( approximately $ 2.1 million annually ) with a term expiration date of 2027 and with two options to renew for an additional 21 years each , followed by a third option for 15 years .we also have an option to purchase the ground lease for a fixed price on a specific date .the property located at 625 madison avenue operates under a ground lease ( approximately $ 4.6 million annually ) with a term expiration date of 2022 and with two options to renew for an additional 23 years .the property located at 1185 avenue of the americas oper- ates under a ground lease ( approximately $ 8.5 million in 2010 and $ 6.9 million annually thereafter ) with a term expiration of 2020 and with an option to renew for an additional 23 years .in april 1988 , the sl green predecessor entered into a lease agreement for the property at 673 first avenue , which has been capitalized for financial statement purposes .land was estimated to be approximately 70% ( 70 % ) of the fair market value of the property .the portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease .the initial lease term is 49 years with an option for an additional 26 years .beginning in lease years 11 and 25 , the lessor is entitled to additional rent as defined by the lease agreement .we continue to lease the 673 first avenue property , which has been classified as a capital lease with a cost basis of $ 12.2 million and cumulative amortization of $ 5.5 million and $ 5.2 million at december 31 , 2009 and 2008 , respectively .the following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of december 31 , 2009 ( in thousands ) : non-cancellable december 31 , capital lease operating leases .
[['december 31,', 'capital lease', 'non-cancellable operating leases'], ['2010', '$ 1451', '$ 31347'], ['2011', '1555', '28929'], ['2012', '1555', '28179'], ['2013', '1555', '28179'], ['2014', '1555', '28179'], ['thereafter', '45649', '580600'], ['total minimum lease payments', '53320', '$ 725413'], ['less amount representing interest', '-36437 ( 36437 )', ''], ['present value of net minimum lease payments', '$ 16883', '']]
note 18 / financial instruments : derivatives and hedging we recognize all derivatives on the balance sheet at fair value .derivatives that are not hedges must be adjusted to fair value through income .if a derivative is a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earn- ings , or recognized in other comprehensive income until the hedged item is recognized in earnings .the ineffective portion of a derivative 2019s change in fair value will be immediately recognized in earnings .reported net income and stockholders 2019 equity may increase or decrease prospectively , depending on future levels of interest rates and other variables affecting the fair values of derivative instruments and hedged items , but will have no effect on cash flows. .
|
in 2009 what was the percent of the capital leases of the total future minimum lease payments that were due in 2012
|
5.2%
|
{
"answer": "5.2%",
"decimal": 0.052000000000000005,
"type": "percentage"
}
| |
extrusions ( afe ) , which are all included in the engineered products and solutions segment , global rolled products , and building and construction systems , which is included in the transportation and construction solutions segment .the estimated fair value for five of the six reporting units exceeded its respective carrying value , resulting in no impairment .however , the estimated fair value of afe was lower than its carrying value .as such , in the fourth quarter of 2017 , arconic recorded an impairment for the full amount of goodwill in the afe reporting unit of $ 719 .the decrease in the afe fair value was primarily due to unfavorable performance that is impacting operating margins and a higher discount rate due to an increase in the risk-free rate of return , while the carrying value increased compared to prior year .goodwill impairment tests in 2016 and 2015 indicated that goodwill was not impaired for any of the company 2019s reporting units , except for the soft alloy extrusion business in brazil which is included in the transportation and construction solutions segment .in the fourth quarter of 2015 , for the soft alloy extrusion business in brazil , the estimated fair value as determined by the dcf model was lower than the associated carrying value of its reporting unit 2019s goodwill .as a result , management determined that the implied fair value of the reporting unit 2019s goodwill was zero .arconic recorded a goodwill impairment of $ 25 in 2015 .the impairment of goodwill resulted from headwinds from the downturn in the brazilian economy and the continued erosion of gross margin despite the execution of cost reduction strategies .as a result of the goodwill impairment , there is no goodwill remaining for the reporting unit .other intangible assets .intangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited .the following table details the weighted- average useful lives of software and other intangible assets by reporting segment ( numbers in years ) : .
[['segment', 'software', 'other intangible assets'], ['engineered products and solutions', '6', '34'], ['global rolled products', '6', '9'], ['transportation and construction solutions', '5', '16']]
revenue recognition .arconic recognizes revenues when title , ownership , and risk of loss pass to the customer , all of which occurs upon shipment or delivery of the product and is based on the applicable shipping terms .the shipping terms vary across all businesses and depend on the product , the country of origin , and the type of transportation ( truck , train , or vessel ) .in certain circumstances , arconic receives advanced payments from its customers for product to be delivered in future periods .these advanced payments are recorded as deferred revenue until the product is delivered and title and risk of loss have passed to the customer in accordance with the terms of the contract .deferred revenue is included in other current liabilities and other noncurrent liabilities and deferred credits on the accompanying consolidated balance sheet .environmental matters .expenditures for current operations are expensed or capitalized , as appropriate .expenditures relating to existing conditions caused by past operations , which will not contribute to future revenues , are expensed .liabilities are recorded when remediation costs are probable and can be reasonably estimated .the liability may include costs such as site investigations , consultant fees , feasibility studies , outside contractors , and monitoring expenses .estimates are generally not discounted or reduced by potential claims for recovery .claims for recovery are recognized when probable and as agreements are reached with third parties .the estimates also include costs related to other potentially responsible parties to the extent that arconic has reason to believe such parties will not fully pay their proportionate share .the liability is continuously reviewed and adjusted to reflect current remediation progress , prospective estimates of required activity , and other factors that may be relevant , including changes in technology or regulations .litigation matters .for asserted claims and assessments , liabilities are recorded when an unfavorable outcome of a matter is deemed to be probable and the loss is reasonably estimable .management determines the likelihood of an unfavorable outcome based on many factors such as the nature of the matter , available defenses and case strategy , progress of the matter , views and opinions of legal counsel and other advisors , applicability and success of appeals processes , and the outcome of similar historical matters , among others .once an unfavorable outcome is deemed probable , management weighs the probability of estimated losses , and the most reasonable loss estimate is recorded .if an unfavorable outcome of a matter is deemed to be reasonably possible , then the matter is disclosed and no liability is recorded .with respect to unasserted claims or assessments , management must first determine that the probability that an assertion will be made is likely , then , a determination as to the likelihood of an unfavorable outcome and the ability to reasonably estimate the potential loss is made .legal matters are reviewed on a continuous basis to determine if there has been a change in management 2019s judgment regarding the likelihood of an unfavorable outcome or the estimate of a potential loss .income taxes .the provision for income taxes is determined using the asset and liability approach of accounting for income taxes .under this approach , the provision for income taxes represents income taxes paid or payable ( or received or receivable ) .
|
what is the difference between the weighted- average useful lives of software for the global rolled products segment and the transportation and construction solutions one?
|
1
|
{
"answer": "1",
"decimal": 1,
"type": "float"
}
|
it is the difference between the number of years .
|
during 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 .in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 .during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 .the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 .each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 .each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els .these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes .since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part .holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 .we may choose to pay the purchase price in cash or common stock or a combination thereof .during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares .in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes .most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares .during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan .in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas .during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations .under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating .the unsecured senior notes and senior debentures are not redeemable prior to maturity .our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio .we are in compliance with all covenants as of december 31 , 2005 .following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : .
[['2006', '$ 600883'], ['2007', '329493'], ['2008', '245257'], ['2009 ( 1 )', '361449'], ['2010', '687376']]
1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 .the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 .this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 .we may choose to pay any amounts in cash or common stock or a combination thereof .note 6 .shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction .as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share .total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock .the forward sale contract matured in february 2006 .during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us .upon settlement of the contract , we received 218089 additional shares of our common stock .these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 .our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock .offerings to employees are made on a quarterly basis .subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period .shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd .notes to the consolidated financial statements ( continued ) .
|
as of december 31 , 2005 what was the ratio of the annual maturities on long-term debt in 2006 to 2007
|
1.82
|
{
"answer": "1.82",
"decimal": 1.82,
"type": "float"
}
| |
stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2010 and that all dividends were reinvested .market performance .
[['company / index', '2010', '2011', '2012', '2013', '2014', '2015'], ['teleflex incorporated', '100', '117', '138', '185', '229', '266'], ['s&p 500 index', '100', '102', '118', '157', '178', '181'], ['s&p 500 healthcare equipment & supply index', '100', '99', '116', '148', '187', '199']]
s&p 500 healthcare equipment & supply index 100 99 116 148 187 199 .
|
what is the total return of an investment of $ 1000000 in s&p 500 index in 2010 and sold in 2015?
|
810000
|
{
"answer": "810000",
"decimal": 810000,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment .in addition , see 201cuse of estimates 201d for additional information about expenses that may arise from litigation and regulatory proceedings .the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . .
[['$ in millions', 'year ended december 2015', 'year ended december 2014', 'year ended december 2013'], ['compensation and benefits', '$ 12678', '$ 12691', '$ 12613'], ['brokerage clearing exchange anddistribution fees', '2576', '2501', '2341'], ['market development', '557', '549', '541'], ['communications and technology', '806', '779', '776'], ['depreciation and amortization', '991', '1337', '1322'], ['occupancy', '772', '827', '839'], ['professional fees', '963', '902', '930'], ['insurance reserves1', '2014', '2014', '176'], ['other expenses2', '5699', '2585', '2931'], ['total non-compensation expenses', '12364', '9480', '9856'], ['total operating expenses', '$ 25042', '$ 22171', '$ 22469'], ['total staff at period-end', '36800', '34000', '32900']]
1 .consists of changes in reserves related to our americas reinsurance business , including interest credited to policyholder account balances , and expenses related to property catastrophe reinsurance claims .in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .2 .includes provisions of $ 3.37 billion recorded during 2015 for the agreement in principle with the rmbs working group .see note 27 to the consolidated financial statements for further information about this agreement in principle .2015 versus 2014 .operating expenses on the consolidated statements of earnings were $ 25.04 billion for 2015 , 13% ( 13 % ) higher than 2014 .compensation and benefits expenses on the consolidated statements of earnings were $ 12.68 billion for 2015 , essentially unchanged compared with 2014 .the ratio of compensation and benefits to net revenues for 2015 was 37.5% ( 37.5 % ) compared with 36.8% ( 36.8 % ) for 2014 .total staff increased 8% ( 8 % ) during 2015 , primarily due to activity levels in certain businesses and continued investment in regulatory compliance .non-compensation expenses on the consolidated statements of earnings were $ 12.36 billion for 2015 , 30% ( 30 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , which are included in other expenses .this increase was partially offset by lower depreciation and amortization expenses , primarily reflecting lower impairment charges related to consolidated investments , and a reduction in expenses related to the sale of metro in the fourth quarter of 2014 .net provisions for litigation and regulatory proceedings for 2015 were $ 4.01 billion compared with $ 754 million for 2014 ( both primarily comprised of net provisions for mortgage-related matters ) .2015 included a $ 148 million charitable contribution to goldman sachs gives , our donor-advised fund .compensation was reduced to fund this charitable contribution to goldman sachs gives .the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution .2014 versus 2013 .operating expenses on the consolidated statements of earnings were $ 22.17 billion for 2014 , essentially unchanged compared with 2013 .compensation and benefits expenses on the consolidated statements of earnings were $ 12.69 billion for 2014 , essentially unchanged compared with 2013 .the ratio of compensation and benefits to net revenues for 2014 was 36.8% ( 36.8 % ) compared with 36.9% ( 36.9 % ) for 2013 .total staff increased 3% ( 3 % ) during 2014 .non-compensation expenses on the consolidated statements of earnings were $ 9.48 billion for 2014 , 4% ( 4 % ) lower than 2013 .the decrease compared with 2013 included a decrease in other expenses , due to lower net provisions for litigation and regulatory proceedings and lower operating expenses related to consolidated investments , as well as a decline in insurance reserves , reflecting the sale of our americas reinsurance business in 2013 .these decreases were partially offset by an increase in brokerage , clearing , exchange and distribution fees .net provisions for litigation and regulatory proceedings for 2014 were $ 754 million compared with $ 962 million for 2013 ( both primarily comprised of net provisions for mortgage-related matters ) .2014 included a charitable contribution of $ 137 million to goldman sachs gives , our donor-advised fund .compensation was reduced to fund this charitable contribution to goldman sachs gives .the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution .58 goldman sachs 2015 form 10-k .
|
what the average compensation and benefits per head count in 2015?
|
344510.9
|
{
"answer": "344510.9",
"decimal": 344510.9,
"type": "float"
}
| |
additional information regarding these and other accounting pronouncements is included in note 1 to the consolidated financial statements .financial condition and liquidity the company generates significant ongoing cash flow .net debt decreased significantly in 2004 , but increased in 2005 , primarily related to the $ 1.36 billion cuno acquisition .at december 31 .
[['( millions )', '2005', '2004', '2003'], ['total debt', '$ 2381', '$ 2821', '$ 2937'], ['less : cash & cash equiv .', '1072', '2757', '1836'], ['net debt', '$ 1309', '$ 64', '$ 1101']]
3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures .the company has an aa credit rating from standard & poor 2019s and an aa1 credit rating from moody 2019s investors service .the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs .the company does not utilize derivative instruments linked to the company 2019s stock .however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 8 in this document ) .the company 2019s financial condition and liquidity at december 31 , 2005 , remained strong .various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month-to-month depending on short-term liquidity needs .working capital ( defined as current assets minus current liabilities ) totaled $ 1.877 billion at december 31 , 2005 , compared with $ 2.649 billion at december 31 , 2004 .this decrease was primarily related to a decrease in cash and cash equivalents ( $ 1.685 billion ) partially offset by a decrease in debt classified as short-term borrowings and current portion of long-term debt ( $ 1.022 billion ) .the cash and cash equivalents balance was impacted by the acquisition of cuno and repayment of debt .the company uses various working capital measures that place emphasis and focus on certain working capital assets and liabilities .these measures are not defined under u.s .generally accepted accounting principles and may not be computed the same as similarly titled measures used by other companies .one of the primary working capital measures 3m uses is a combined index , which includes accounts receivables , inventory and accounts payable .this combined index ( defined as quarterly net sales 2013 fourth quarter at year-end 2013 multiplied by four , divided by ending net accounts receivable plus inventory less accounts payable ) was 5.7 at december 31 , 2005 , down from 5.8 at december 31 , 2004 .excluding cuno , net working capital turns at december 31 , 2005 , were 5.8 , the same as at december 31 , 2004 .receivables increased $ 46 million , or 1.6% ( 1.6 % ) , compared with december 31 , 2004 .at december 31 , 2005 , the cuno acquisition increased accounts receivable by $ 88 million .currency translation ( due to the stronger u.s dollar ) reduced accounts receivable by $ 231 million year-on-year .inventories increased $ 265 million , or 14.0% ( 14.0 % ) , compared with december 31 , 2004 .at december 31 , 2005 , the cuno acquisition increased inventories by $ 56 million .currency translation reduced inventories by $ 89 million year-on-year .accounts payable increased $ 88 million compared with december 31 , 2004 , with cuno accounting for $ 18 million of this increase .cash flows from operating , investing and financing activities are provided in the tables that follow .individual amounts in the consolidated statement of cash flows exclude the effects of acquisitions , divestitures and exchange rate impacts , which are presented separately in the cash flows .thus , the amounts presented in the following operating , investing and financing activities tables reflect changes in balances from period to period adjusted for these effects. .
|
in 2005 what was the ratio of the debt to the cash
|
2.2
|
{
"answer": "2.2",
"decimal": 2.2,
"type": "float"
}
|
in 2005 the ratio of the total debt to the cash was 2.2 to 1
|
jpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .this net interest income is referred to as non-markets related net interest income .cib 2019s markets businesses are fixed income markets and equity markets .management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib .year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges .taxable-equivalent amounts are used where applicable .( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .gaap results to managed basis on page 52 .( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses .for further information on cib 2019s markets businesses , see page 65 .calculation of certain u.s .gaap and non-gaap financial measures certain u.s .gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
[['year ended december 31 ( in millions except rates )', '2017', '2016', '2015'], ['net interest income 2013 managed basis ( a ) ( b )', '$ 51410', '$ 47292', '$ 44620'], ['less : cib markets net interest income ( c )', '4630', '6334', '5298'], ['net interest income excluding cib markets ( a )', '$ 46780', '$ 40958', '$ 39322'], ['average interest-earning assets', '$ 2180592', '$ 2101604', '$ 2088242'], ['less : average cib markets interest-earning assets ( c )', '540835', '520307', '510292'], ['average interest-earning assets excluding cib markets', '$ 1639757', '$ 1581297', '$ 1577950'], ['net interest yield on average interest-earning assets 2013 managed basis', '2.36% ( 2.36 % )', '2.25% ( 2.25 % )', '2.14% ( 2.14 % )'], ['net interest yield on average cib markets interest-earning assets ( c )', '0.86', '1.22', '1.04'], ['net interest yield on average interest-earning assets excluding cib markets', '2.85% ( 2.85 % )', '2.59% ( 2.59 % )', '2.49% ( 2.49 % )']]
jpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .this net interest income is referred to as non-markets related net interest income .cib 2019s markets businesses are fixed income markets and equity markets .management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib .year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges .taxable-equivalent amounts are used where applicable .( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .gaap results to managed basis on page 52 .( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses .for further information on cib 2019s markets businesses , see page 65 .calculation of certain u.s .gaap and non-gaap financial measures certain u.s .gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
|
what was the percentage change in the average interest-earning assets excluding cib markets in 2017
|
3.7%
|
{
"answer": "3.7%",
"decimal": 0.037000000000000005,
"type": "percentage"
}
| |
table of contents adobe inc .notes to consolidated financial statements ( continued ) stock options the 2003 plan allows us to grant options to all employees , including executive officers , outside consultants and non- employee directors .this plan will continue until the earlier of ( i ) termination by the board or ( ii ) the date on which all of the shares available for issuance under the plan have been issued and restrictions on issued shares have lapsed .option vesting periods used in the past were generally four years and expire seven years from the effective date of grant .we eliminated the use of stock option grants for all employees and non-employee directors but may choose to issue stock options in the future .performance share programs our 2018 , 2017 and 2016 performance share programs aim to help focus key employees on building stockholder value , provide significant award potential for achieving outstanding company performance and enhance the ability of the company to attract and retain highly talented and competent individuals .the executive compensation committee of our board of directors approves the terms of each of our performance share programs , including the award calculation methodology , under the terms of our 2003 plan .shares may be earned based on the achievement of an objective relative total stockholder return measured over a three-year performance period .performance share awards will be awarded and fully vest upon the later of the executive compensation committee's certification of the level of achievement or the three-year anniversary of each grant .program participants generally have the ability to receive up to 200% ( 200 % ) of the target number of shares originally granted .on january 24 , 2018 , the executive compensation committee approved the 2018 performance share program , the terms of which are similar to prior year performance share programs as discussed above .as of november 30 , 2018 , the shares awarded under our 2018 , 2017 and 2016 performance share programs are yet to be achieved .issuance of shares upon exercise of stock options , vesting of restricted stock units and performance shares , and purchases of shares under the espp , we will issue treasury stock .if treasury stock is not available , common stock will be issued .in order to minimize the impact of on-going dilution from exercises of stock options and vesting of restricted stock units and performance shares , we instituted a stock repurchase program .see note 12 for information regarding our stock repurchase programs .valuation of stock-based compensation stock-based compensation cost is measured at the grant date based on the fair value of the award .our performance share awards are valued using a monte carlo simulation model .the fair value of the awards are fixed at grant date and amortized over the longer of the remaining performance or service period .we use the black-scholes option pricing model to determine the fair value of espp shares .the determination of the fair value of stock-based payment awards on the date of grant using an option pricing model is affected by our stock price as well as assumptions regarding a number of complex and subjective variables .these variables include our expected stock price volatility over the expected term of the awards , actual and projected employee stock option exercise behaviors , a risk-free interest rate and any expected dividends .the expected term of espp shares is the average of the remaining purchase periods under each offering period .the assumptions used to value employee stock purchase rights were as follows: .
[['', '2018', '2017', '2016'], ['expected life ( in years )', '0.5 - 2.0', '0.5 - 2.0', '0.5 - 2.0'], ['volatility', '26% ( 26 % ) - 29% ( 29 % )', '22% ( 22 % ) - 27% ( 27 % )', '26 - 29% ( 29 % )'], ['risk free interest rate', '1.54% ( 1.54 % ) - 2.52% ( 2.52 % )', '0.62% ( 0.62 % ) - 1.41% ( 1.41 % )', '0.37 - 1.06% ( 1.06 % )']]
.
|
what is the average volatility used to value employee stock purchase rights in 2017?
|
44.5%
|
{
"answer": "44.5%",
"decimal": 0.445,
"type": "percentage"
}
| |
unconditional purchase obligations approximately $ 390 of our long-term unconditional purchase obligations relate to feedstock supply for numerous hyco ( hydrogen , carbon monoxide , and syngas ) facilities .the price of feedstock supply is principally related to the price of natural gas .however , long-term take-or-pay sales contracts to hyco customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply .due to the matching of most long-term feedstock supply obligations to customer sales contracts , we do not believe these purchase obligations would have a material effect on our financial condition or results of operations .refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information on our unconditional purchase obligations .the unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations , which are primarily pass-through contracts with our customers .in addition , purchase commitments to spend approximately $ 540 for additional plant and equipment are included in the unconditional purchase obligations in 2016 .we also purchase materials , energy , capital equipment , supplies , and services as part of the ordinary course of business under arrangements that are not unconditional purchase obligations .the majority of such purchases are for raw materials and energy , which are obtained under requirements-type contracts at market prices .obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .in total , we expect to invest approximately $ 100 in this joint venture .as of 30 september 2015 , we recorded a noncurrent liability of $ 67.5 for our obligation to make future equity contributions based on advances received by the joint venture under the loan .income tax liabilities noncurrent deferred income tax liabilities as of 30 september 2015 were $ 903.3 .tax liabilities related to unrecognized tax benefits as of 30 september 2015 were $ 97.5 .these tax liabilities were excluded from the contractual obligations table , as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .refer to note 23 , income taxes , to the consolidated financial statements for additional information .pension benefits the company sponsors defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .the principal defined benefit pension plans 2014the u.s .salaried pension plan and the u.k .pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans .over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions .the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2015 measurement date decreased to $ 3916.4 from $ 4114.6 at the end of fiscal year 2014 .the projected benefit obligation for these plans was $ 4787.8 and $ 4738.6 at the end of the fiscal years 2015 and 2014 , respectively .refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .pension expense .
[['', '2015', '2014', '2013'], ['pension expense', '$ 135.6', '$ 135.9', '$ 169.7'], ['special terminations settlements and curtailments ( included above )', '35.2', '5.8', '19.8'], ['weighted average discount rate', '4.0% ( 4.0 % )', '4.6% ( 4.6 % )', '4.0% ( 4.0 % )'], ['weighted average expected rate of return on plan assets', '7.4% ( 7.4 % )', '7.7% ( 7.7 % )', '7.7% ( 7.7 % )'], ['weighted average expected rate of compensation increase', '3.5% ( 3.5 % )', '3.9% ( 3.9 % )', '3.8% ( 3.8 % )']]
.
|
what are the average pension expenses for those three years?
|
147.06
|
{
"answer": "147.06",
"decimal": 147.06,
"type": "float"
}
|
it is the sum of all pension expenses divided by three ( number of years ) .
|
impairment of long-lived assets , goodwill and intangible assets - we assess our long-lived assets for impairment based on statement 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d a long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying amount may exceed its fair value .fair values are based on the sum of the undiscounted future cash flows expected to result from the use and eventual disposition of the assets .we assess our goodwill and intangible assets for impairment at least annually based on statement 142 , 201cgoodwill and other intangible assets . 201d there were no impairment charges resulting from the july 1 , 2007 , impairment tests and no events indicating an impairment have occurred subsequent to that date .an initial assessment is made by comparing the fair value of the operations with goodwill , as determined in accordance with statement 142 , to the book value of each reporting unit .if the fair value is less than the book value , an impairment is indicated , and we must perform a second test to measure the amount of the impairment .in the second test , we calculate the implied fair value of the goodwill by deducting the fair value of all tangible and intangible net assets of the operations with goodwill from the fair value determined in step one of the assessment .if the carrying value of the goodwill exceeds this calculated implied fair value of the goodwill , we will record an impairment charge .at december 31 , 2007 , we had $ 600.7 million of goodwill recorded on our consolidated balance sheet as shown below. .
[['', '( thousands of dollars )'], ['oneok partners', '$ 431418'], ['distribution', '157953'], ['energy services', '10255'], ['other', '1099'], ['total goodwill', '$ 600725']]
( thousands of dollars ) intangible assets with a finite useful life are amortized over their estimated useful life , while intangible assets with an indefinite useful life are not amortized .all intangible assets are subject to impairment testing .our oneok partners segment had $ 443.0 million of intangible assets recorded on our consolidated balance sheet as of december 31 , 2007 , of which $ 287.5 million is being amortized over an aggregate weighted-average period of 40 years , while the remaining balance has an indefinite life .during 2006 , we recorded a goodwill and asset impairment related to oneok partners 2019 black mesa pipeline of $ 8.4 million and $ 3.6 million , respectively , which were recorded as depreciation and amortization .the reduction to our net income , net of minority interests and income taxes , was $ 3.0 million .in the third quarter of 2005 , we made the decision to sell our spring creek power plant , located in oklahoma , and exit the power generation business .in october 2005 , we concluded that our spring creek power plant had been impaired and recorded an impairment expense of $ 52.2 million .this conclusion was based on our statement 144 impairment analysis of the results of operations for this plant through september 30 , 2005 , and also the net sales proceeds from the anticipated sale of the plant .the sale was completed on october 31 , 2006 .this component of our business is accounted for as discontinued operations in accordance with statement 144 .see 201cdiscontinued operations 201d on page 46 for additional information .our total unamortized excess cost over underlying fair value of net assets accounted for under the equity method was $ 185.6 million as of december 31 , 2007 and 2006 .based on statement 142 , this amount , referred to as equity method goodwill , should continue to be recognized in accordance with apb opinion no .18 , 201cthe equity method of accounting for investments in common stock . 201d accordingly , we included this amount in investment in unconsolidated affiliates on our accompanying consolidated balance sheets .pension and postretirement employee benefits - we have defined benefit retirement plans covering certain full-time employees .we sponsor welfare plans that provide postretirement medical and life insurance benefits to certain employees who retire with at least five years of service .our actuarial consultant calculates the expense and liability related to these plans and uses statistical and other factors that attempt to anticipate future events .these factors include assumptions about the discount rate , expected return on plan assets , rate of future compensation increases , age and employment periods .in determining the projected benefit obligations and costs , assumptions can change from period to period and result in material changes in the costs and liabilities we recognize .see note j of the notes to consolidated financial statements in this annual report on form 10-k for additional information. .
|
what percentage of total goodwill does energy services represent at december 31 , 2007?
|
2%
|
{
"answer": "2%",
"decimal": 0.02,
"type": "percentage"
}
| |
american tower corporation and subsidiaries notes to consolidated financial statements the allocation of the purchase price was finalized during the year ended december 31 , 2012 .the following table summarizes the allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : purchase price allocation .
[['', 'final purchase price allocation'], ['non-current assets', '$ 2'], ['property and equipment', '3590'], ['intangible assets ( 1 )', '1062'], ['other non-current liabilities', '-91 ( 91 )'], ['fair value of net assets acquired', '$ 4563'], ['goodwill ( 2 )', '89']]
( 1 ) consists of customer-related intangibles of approximately $ 0.4 million and network location intangibles of approximately $ 0.7 million .the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years .( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes .the goodwill was allocated to the company 2019s international rental and management segment .colombia 2014colombia movil acquisition 2014on july 17 , 2011 , the company entered into a definitive agreement with colombia movil s.a .e.s.p .( 201ccolombia movil 201d ) , whereby atc sitios infraco , s.a.s. , a colombian subsidiary of the company ( 201catc infraco 201d ) , would purchase up to 2126 communications sites from colombia movil for an aggregate purchase price of approximately $ 182.0 million .from december 21 , 2011 through the year ended december 31 , 2012 , atc infraco completed the purchase of 1526 communications sites for an aggregate purchase price of $ 136.2 million ( including contingent consideration of $ 17.3 million ) , subject to post-closing adjustments .through a subsidiary , millicom international cellular s.a .( 201cmillicom 201d ) exercised its option to acquire an indirect , substantial non-controlling interest in atc infraco .under the terms of the agreement , the company is required to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash paying lease agreements .based on the company 2019s current estimates , the value of potential contingent consideration payments required to be made under the amended agreement is expected to be between zero and $ 32.8 million and is estimated to be $ 17.3 million using a probability weighted average of the expected outcomes at december 31 , 2012 .during the year ended december 31 , 2012 , the company recorded a reduction in fair value of $ 1.2 million , which is included in other operating expenses in the consolidated statements of operations. .
|
what was the approximate purchase price for the unit communication sites from colombia movil
|
85606.7
|
{
"answer": "85606.7",
"decimal": 85606.7,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis investing & lending investing & lending includes our investing activities and the origination of loans , including our relationship lending activities , to provide financing to clients .these investments and loans are typically longer-term in nature .we make investments , some of which are consolidated , including through our merchant banking business and our special situations group , in debt securities and loans , public and private equity securities , infrastructure and real estate entities .some of these investments are made indirectly through funds that we manage .we also make unsecured and secured loans to retail clients through our digital platforms , marcus and goldman sachs private bank select ( gs select ) , respectively .the table below presents the operating results of our investing & lending segment. .
[['$ in millions', 'year ended december 2017', 'year ended december 2016', 'year ended december 2015'], ['equity securities', '$ 4578', '$ 2573', '$ 3781'], ['debt securities and loans', '2003', '1507', '1655'], ['total net revenues', '6581', '4080', '5436'], ['operating expenses', '2796', '2386', '2402'], ['pre-taxearnings', '$ 3785', '$ 1694', '$ 3034']]
operating environment .during 2017 , generally higher global equity prices and tighter credit spreads contributed to a favorable environment for our equity and debt investments .results also reflected net gains from company- specific events , including sales , and corporate performance .this environment contrasts with 2016 , where , in the first quarter of 2016 , market conditions were difficult and corporate performance , particularly in the energy sector , was impacted by a challenging macroeconomic environment .however , market conditions improved during the rest of 2016 as macroeconomic concerns moderated .if macroeconomic concerns negatively affect company-specific events or corporate performance , or if global equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted .2017 versus 2016 .net revenues in investing & lending were $ 6.58 billion for 2017 , 61% ( 61 % ) higher than 2016 .net revenues in equity securities were $ 4.58 billion , including $ 3.82 billion of net gains from private equities and $ 762 million in net gains from public equities .net revenues in equity securities were 78% ( 78 % ) higher than 2016 , primarily reflecting a significant increase in net gains from private equities , which were positively impacted by company- specific events and corporate performance .in addition , net gains from public equities were significantly higher , as global equity prices increased during the year .of the $ 4.58 billion of net revenues in equity securities , approximately 60% ( 60 % ) was driven by net gains from company-specific events , such as sales , and public equities .net revenues in debt securities and loans were $ 2.00 billion , 33% ( 33 % ) higher than 2016 , reflecting significantly higher net interest income ( 2017 included approximately $ 1.80 billion of net interest income ) .net revenues in debt securities and loans for 2017 also included an impairment of approximately $ 130 million on a secured operating expenses were $ 2.80 billion for 2017 , 17% ( 17 % ) higher than 2016 , due to increased compensation and benefits expenses , reflecting higher net revenues , increased expenses related to consolidated investments , and increased expenses related to marcus .pre-tax earnings were $ 3.79 billion in 2017 compared with $ 1.69 billion in 2016 .2016 versus 2015 .net revenues in investing & lending were $ 4.08 billion for 2016 , 25% ( 25 % ) lower than 2015 .net revenues in equity securities were $ 2.57 billion , including $ 2.17 billion of net gains from private equities and $ 402 million in net gains from public equities .net revenues in equity securities were 32% ( 32 % ) lower than 2015 , primarily reflecting a significant decrease in net gains from private equities , driven by company-specific events and corporate performance .net revenues in debt securities and loans were $ 1.51 billion , 9% ( 9 % ) lower than 2015 , reflecting significantly lower net revenues related to relationship lending activities , due to the impact of changes in credit spreads on economic hedges .losses related to these hedges were $ 596 million in 2016 , compared with gains of $ 329 million in 2015 .this decrease was partially offset by higher net gains from investments in debt instruments and higher net interest income .see note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities .operating expenses were $ 2.39 billion for 2016 , essentially unchanged compared with 2015 .pre-tax earnings were $ 1.69 billion in 2016 , 44% ( 44 % ) lower than 2015 .goldman sachs 2017 form 10-k 61 .
|
what percentage of total net revenue in the investing & lending segment during 2016 was comprised of equity securities?
|
63%
|
{
"answer": "63%",
"decimal": 0.63,
"type": "percentage"
}
| |
the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: .
[['', 'level 3'], ['balance as of january 1 2015', '$ 127'], ['actual return on assets', '12'], ['purchases issuances and settlements net', '-3 ( 3 )'], ['balance as of december 31 2015', '$ 136']]
purchases , issuances and settlements , net ................................................76 balance as of december 31 , 2014 ......................................................$ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts .the investments and risk mitigation strategies for the plans are tailored specifically for each trust .in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company .the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation .considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns .in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility .as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities .the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets .the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations .the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging .the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities .assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities .the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate .strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity .the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds .the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust .the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust .thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively .because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio .the company engages third party investment managers for all invested assets .managers are not permitted to invest outside of the asset class ( e.g .fixed income , equity , alternatives ) or strategy for which they have been appointed .investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided .futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .
|
what was the percent of the return on assets as a percent of the account balance at december 31 , 2015
|
8.8%
|
{
"answer": "8.8%",
"decimal": 0.08800000000000001,
"type": "percentage"
}
|
the percent of the return on assets as part of the year end balance is the division of the return on assets by the end balance multiplied by 100
|
the committee's assessment of other elements of compensation provided to the named executive officer .the corporate and business unit goals and objectives vary by individual officers and include , among other things , corporate and business unit financial performance , capital expenditures , cost containment , safety , reliability , customer service , business development and regulatory matters .the use of "internal pay equity" in setting merit increases is limited to determining whether a change in an executive officer's role and responsibilities relative to other executive officers requires an adjustment in the officer's salary .the committee has not established any predetermined formula against which the base salary of one named executive officer is measured against another officer or employee .in 2008 , on the basis of the market data and other factors described above , merit-based salary increases for the named executive officers were approved in amounts ranging from 3.2 to 5.2 percent .in general these merit-based increases were consistent with the merit increase percentages approved with respect to named executive officers in the last two years ( excluding adjustments in salaries related to market factors , promotions or other changes in job responsibilities ) .the following table sets forth the 2007 base salaries for the named executive officers , the 2008 percentage increase and the resulting 2008 base salary .except as described below , changes in base salaries were effective in april of each of the years shown .named executive officer 2007 base salary percentage increase 2008 base salary .
[['named executive officer', '2007 base salary', 'percentage increase', '2008 base salary'], ['j . wayne leonard', '$ 1230000', '5.0% ( 5.0 % )', '$ 1291500'], ['leo p . denault', '$ 600000', '5.0% ( 5.0 % )', '$ 630000'], ['richard j . smith', '$ 622400', '3.5% ( 3.5 % )', '$ 645000'], ['e . renae conley', '$ 392000', '4.0% ( 4.0 % )', '$ 407680'], ['hugh t . mcdonald', '$ 311992', '3.2% ( 3.2 % )', '$ 322132'], ['joseph f . domino', '$ 307009', '3.5% ( 3.5 % )', '$ 317754'], ['roderick k . west', '$ 276000', '13.75% ( 13.75 % )', '$ 315000'], ['theodore h . bunting jr .', '$ 325000', '5.2% ( 5.2 % )', '$ 341900'], ['haley fisackerly', '$ 205004', '32.9% ( 32.9 % )', '$ 275000'], ['carolyn shanks', '$ 307009', '3.3% ( 3.3 % )', '$ 317140'], ['jay a . lewis', '$ 207000', '3.24% ( 3.24 % )', '$ 213707']]
in addition to the market-based and other factors described above , the following factors were considered by the committee with respect to the officers identified below : mr .leonard's salary was increased due to the personnel committee's assessment of , among other things , his strong performance as chief executive officer of entergy corporation , entergy corporation's financial and operational performance in 2007 and comparative market data on base salaries for chief executive officers .in may , 2008 , carolyn shanks resigned as ceo - entergy mississippi and accepted a conditional offer of employment at enexus energy corporation .upon her resignation , mr .fisackerly was promoted to president and ceo of entergy mississippi , and mr .fisackerly's salary was increased to reflect the increased responsibilities of his new position and comparative market and internal data for officers holding similar positions and performing similar responsibilities .in the third quarter of 2008 , mr .bunting took on the role of principal financial officer for the subsidiaries replacing mr .lewis in that position .in the third quarter of 2008 , mr .lewis assumed a position with enexus energy corporation .mr .west's salary was increased to reflect his performance as ceo - entergy new orleans , the strategic challenges facing entergy new orleans and the importance of retaining mr .west to manage these challenges and to retain internal competitiveness of mr .west's salary with officers in the company holding similar positions. .
|
what is the difference between the highest and the lowest base salary in 2008?
|
1077793
|
{
"answer": "1077793",
"decimal": 1077793,
"type": "float"
}
| |
management 2019s discussion and analysis of financial conditionand results of operations d u k e r e a l t y c o r p o r a t i o n 1 1 2 0 0 2 a n n u a l r e p o r t 2022 interest expense on the company 2019s secured debt decreased from $ 30.8 million in 2001 to $ 22.9 million in 2002 as the company paid off $ 13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001 .additionally , the company paid off approximately $ 128.5 million of secured debt throughout 2001 .2022 interest expense on the company 2019s $ 500 million unsecured line of credit decreased by approximately $ 1.1 million in 2002 compared to 2001 as the company maintained lower balances on the line throughout most of 2002 .as a result of the above-mentioned items , earnings from rental operations decreased $ 35.0 million from $ 254.1 million for the year ended december 31 , 2001 , to $ 219.1 million for the year ended december 31 , 2002 .service operations service operations primarily consist of leasing , management , construction and development services for joint venture properties and properties owned by third parties .service operations revenues decreased from $ 80.5 million for the year ended december 31 , 2001 , to $ 68.6 million for the year ended december 31 , 2002 .the prolonged effect of the slow economy has been the primary factor in the overall decrease in revenues .the company experienced a decrease of $ 12.7 million in net general contractor revenues because of a decrease in the volume of construction in 2002 , compared to 2001 , as well as slightly lower profit margins .property management , maintenance and leasing fee revenues decreased from $ 22.8 million in 2001 to $ 14.3 million in 2002 primarily because of a decrease in landscaping maintenance revenue resulting from the sale of the landscaping operations in the third quarter of 2001 .construction management and development activity income represents construction and development fees earned on projects where the company acts as the construction manager along with profits from the company 2019s held for sale program whereby the company develops a property for sale upon completion .the increase in revenues of $ 10.3 million in 2002 is primarily due to an increase in volume of the sale of properties from the held for sale program .service operations expenses decreased from $ 45.3 million in 2001 to $ 38.3 million in 2002 .the decrease is attributable to the decrease in construction and development activity and the reduced overhead costs as a result of the sale of the landscape business in 2001 .as a result of the above , earnings from service operations decreased from $ 35.1 million for the year ended december 31 , 2001 , to $ 30.3 million for the year ended december 31 , 2002 .general and administrative expense general and administrative expense increased from $ 15.6 million in 2001 to $ 25.4 million for the year ended december 31 , 2002 .the company has been successful reducing total operating and administration costs ; however , reduced construction and development activities have resulted in a greater amount of overhead being charged to general and administrative expense instead of being capitalized into development projects or charged to service operations .other income and expenses gain on sale of land and depreciable property dispositions , net of impairment adjustment , is comprised of the following amounts in 2002 and 2001 : gain on sales of depreciable properties represent sales of previously held for investment rental properties .beginning in 2000 and continuing into 2001 , the company pursued favorable opportunities to dispose of real estate assets that no longer met long-term investment objectives .in 2002 , the company significantly reduced this property sales program until the business climate improves and provides better investment opportunities for the sale proceeds .gain on land sales represents sales of undeveloped land owned by the company .the company pursues opportunities to dispose of land in markets with a high concentration of undeveloped land and those markets where the land no longer meets strategic development plans of the company .the company recorded a $ 9.4 million adjustment in 2002 associated with six properties determined to have an impairment of book value .the company has analyzed each of its in-service properties and has determined that there are no additional valuation adjustments that need to be made as of december 31 , 2002 .the company recorded an adjustment of $ 4.8 million in 2001 for one property that the company had contracted to sell for a price less than its book value .other revenue for the year ended december 31 , 2002 , includes $ 1.4 million of gain related to an interest rate swap that did not qualify for hedge accounting. .
[['', '2002', '2001'], ['gain on sales of depreciable properties', '$ 4491', '$ 45428'], ['gain on land sales', '4478', '5080'], ['impairment adjustment', '-9379 ( 9379 )', '-4800 ( 4800 )'], ['total', '$ -410 ( 410 )', '$ 45708']]
.
|
what was the percentage change in the general and administrative expenses from 2001 to , 2002 .
|
62.8%
|
{
"answer": "62.8%",
"decimal": 0.628,
"type": "percentage"
}
| |
recourse and repurchase obligations as discussed in note 3 loans sale and servicing activities and variable interest entities , pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement .one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions .commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s dus program .we participated in a similar program with the fhlmc .under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement .at december 31 , 2011 and december 31 , 2010 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 13.0 billion and $ 13.2 billion , respectively .the potential maximum exposure under the loss share arrangements was $ 4.0 billion at both december 31 , 2011 and december 31 , 2010 .we maintain a reserve for estimated losses based upon our exposure .the reserve for losses under these programs totaled $ 47 million and $ 54 million as of december 31 , 2011 and december 31 , 2010 , respectively , and is included in other liabilities on our consolidated balance sheet .if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses .our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment .analysis of commercial mortgage recourse obligations .
[['in millions', '2011', '2010'], ['january 1', '$ 54', '$ 71'], ['reserve adjustments net', '1', '9'], ['losses 2013 loan repurchases and settlements', '-8 ( 8 )', '-2 ( 2 )'], ['loan sales', '', '-24 ( 24 )'], ['december 31', '$ 47', '$ 54']]
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors .these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements .residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations , non-agency securitizations , and whole-loan sale transactions .as discussed in note 3 in this report , agency securitizations consist of mortgage loans sale transactions with fnma , fhlmc , and gnma , while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors .our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal .repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment .pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition .pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of whole-loans sold in these transactions .repurchase activity associated with brokered home equity loans/lines is reported in the non-strategic assets portfolio segment .loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to investors of sufficient investment quality .key aspects of such covenants and representations and warranties include the loan 2019s compliance with any applicable loan criteria established by the investor , including underwriting standards , delivery of all required loan documents to the investor or its designated party , sufficient collateral valuation , and the validity of the lien securing the loan .as a result of alleged breaches of these contractual obligations , investors may request pnc to indemnify them against losses on certain loans or to repurchase loans .these investor indemnification or repurchase claims are typically settled on an individual loan basis through make- whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .indemnifications for loss or loan repurchases typically occur when , after review of the claim , we agree insufficient evidence exists to dispute the investor 2019s claim that a breach of a loan covenant and representation and warranty has occurred , such breach has not been cured , and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan .depending on the sale agreement and upon proper notice from the investor , we typically respond to such indemnification and repurchase requests within 60 days , although final resolution of the claim may take a longer period of time .with the exception of the sales the pnc financial services group , inc .2013 form 10-k 199 .
|
in 2011 what was the percentage change in the commercial mortgage recourse obligations .
|
-14.8%
|
{
"answer": "-14.8%",
"decimal": -0.14800000000000002,
"type": "percentage"
}
| |
notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees .as of march 31 , 2008 , mr .ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party .we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa .we believe these currency transactions were executed at prevailing market exchange rates .also from time to time , money transfer transactions are settled at destination facilities owned by cisa .we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 .in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively .in the normal course of business , we periodically utilize the services of contractors to provide software development services .one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services .the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states .during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million .as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets .in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively .note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases .
[['', 'operating leases'], ['2009', '$ 22883'], ['2010', '16359'], ['2011', '11746'], ['2012', '5277'], ['2013', '3365'], ['thereafter', '7816'], ['total future minimum lease payments', '$ 67446']]
we are party to a number of other claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
|
what percentage of the future lease payments is has to be paid in 2009?
|
33.93%
|
{
"answer": "33.93%",
"decimal": 0.3393,
"type": "percentage"
}
|
to figure out the percentage paid in 2009 , one must take the amount to be paid in 2009 and divide by the total amount to be paid .
|
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis during periods in which we have significantly more positive net revenue days than net revenue loss days , we expect to have fewer var exceptions because , under normal conditions , our business model generally produces positive net revenues .in periods in which our franchise revenues are adversely affected , we generally have more loss days , resulting in more var exceptions .the daily net revenues for positions included in var used to determine var exceptions reflect the impact of any intraday activity , including bid/offer net revenues , which are more likely than not to be positive by their nature .sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure .other sensitivity measures we use to analyze market risk are described below .10% ( 10 % ) sensitivity measures .the table below presents market risk by asset category for positions accounted for at fair value , that are not included in var. .
[['$ in millions', 'as of december 2018', 'as of december 2017'], ['equity', '$ 1923', '$ 2096'], ['debt', '1890', '1606'], ['total', '$ 3813', '$ 3702']]
in the table above : 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% ( 10 % ) decline in the value of these positions .2030 equity positions relate to private and restricted public equity securities , including interests in funds that invest in corporate equities and real estate and interests in hedge funds .2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments , loans backed by commercial and residential real estate , corporate bank loans and other corporate debt , including acquired portfolios of distressed loans .2030 funded equity and debt positions are included in our consolidated statements of financial condition in financial instruments owned .see note 6 to the consolidated financial statements for further information about cash instruments .2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures .credit spread sensitivity on derivatives and financial liabilities .var excludes the impact of changes in counterparty and our own credit spreads on derivatives , as well as changes in our own credit spreads ( debt valuation adjustment ) on financial liabilities for which the fair value option was elected .the estimated sensitivity to a one basis point increase in credit spreads ( counterparty and our own ) on derivatives was a gain of $ 3 million ( including hedges ) as of both december 2018 and december 2017 .in addition , the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $ 41 million as of december 2018 and $ 35 million as of december 2017 .however , the actual net impact of a change in our own credit spreads is also affected by the liquidity , duration and convexity ( as the sensitivity is not linear to changes in yields ) of those financial liabilities for which the fair value option was elected , as well as the relative performance of any hedges undertaken .interest rate sensitivity .loans receivable were $ 80.59 billion as of december 2018 and $ 65.93 billion as of december 2017 , substantially all of which had floating interest rates .the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $ 607 million as of december 2018 and $ 527 million as of december 2017 , of additional interest income over a twelve-month period , which does not take into account the potential impact of an increase in costs to fund such loans .see note 9 to the consolidated financial statements for further information about loans receivable .other market risk considerations as of both december 2018 and december 2017 , we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group , inc .see note 18 to the consolidated financial statements for further information about such lending commitments .in addition , we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition .see note 6 to the consolidated financial statements for further information .we also make investments accounted for under the equity method and we also make direct investments in real estate , both of which are included in other assets .direct investments in real estate are accounted for at cost less accumulated depreciation .see note 13 to the consolidated financial statements for further information about other assets .92 goldman sachs 2018 form 10-k .
|
for asset category for positions accounted for at fair value , that are not included in var , in millions for 2018 and 2017 , what was the maximum debt value?
|
1890
|
{
"answer": "1890",
"decimal": 1890,
"type": "float"
}
| |
in addition to generating sales of our products , our worldwide full-price stores set , reinforce and capitalize on the image of our brands .our stores range in size from approximately 800 to over 37500 square feet .these full- price stores are situated in major upscale street locations and upscale regional malls , generally in large urban markets .we generally lease our stores for initial periods ranging from 5 to 10 years with renewal options .we extend our reach to additional consumer groups through our 163 polo ralph lauren factory stores worldwide .during fiscal 2009 , we added 5 new polo ralph lauren factory stores , net .our factory stores are generally located in outlet malls .we operated the following factory retail stores as of march 28 , 2009 : factory retail stores location ralph lauren .
[['location', 'polo ralph lauren'], ['united states', '136'], ['europe', '23'], ['japan', '4'], ['total', '163']]
2022 polo ralph lauren domestic factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances .ranging in size from approximately 2700 to 20000 square feet , with an average of approximately 9200 square feet , these stores are principally located in major outlet centers in 36 states and puerto rico .2022 european factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances .ranging in size from approximately 2300 to 10500 square feet , with an average of approximately 6500 square feet , these stores are located in 9 countries , principally in major outlet centers .2022 japanese factory stores offer selections of our menswear , womenswear , children 2019s apparel , accessories , home furnishings and fragrances .ranging in size from approximately 1500 to 12000 square feet , with an average of approximately 7400 square feet , these stores are located in 3 provinces , principally in major outlet centers .factory stores obtain products from our suppliers , our product licensing partners and our retail stores .ralphlauren.com and rugby.com in addition to our stores , our retail segment sells products online through our e-commerce websites , ralphlauren.com ( http://www.ralphlauren.com ) and rugby.com ( http://www.rugby.com ) .ralphlauren.com offers our customers access to the full breadth of ralph lauren apparel , accessories and home products , allows us to reach retail customers on a multi-channel basis and reinforces the luxury image of our brands .ralphlauren.com averaged 2.9 million unique visitors a month and acquired approximately 350000 new customers , resulting in 1.7 million total customers in fiscal 2009 .in august 2008 , the company launched rugby.com , its second e-commerce website .rugby.com offers clothing and accessories for purchase 2014 previously only available at rugby stores 2014 along with style tips , unique videos and blog-based content .rugby.com offers an extensive array of rugby products for young men and women within a full lifestyle destination .our licensing segment through licensing alliances , we combine our consumer insight , design , and marketing skills with the specific product or geographic competencies of our licensing partners to create and build new businesses .we generally seek out licensing partners who : 2022 are leaders in their respective markets ; 2022 contribute the majority of the product development costs; .
|
what percentage of factory retail stores as of march 28 , 2009 were located in the europe?
|
14%
|
{
"answer": "14%",
"decimal": 0.14,
"type": "percentage"
}
| |
57 annual report 2010 duke realty corporation | | level 2 inputs are inputs other than quoted prices included in level 1 that are observable for the asset or liability , either directly or indirectly .level 2 inputs may include quoted prices for similar assets and liabilities in active markets , as well as inputs that are observable for the asset or liability ( other than quoted prices ) , such as interest rates and yield curves that are observable at commonly quoted intervals .level 3 inputs are unobservable inputs for the asset or liability , which are typically based on an entity 2019s own assumptions , as there is little , if any , related market activity .in instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy , the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety .our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability .use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period .the most significant estimates , as discussed within our summary of significant accounting policies , pertain to the critical assumptions utilized in testing real estate assets for impairment as well as in estimating the fair value of real estate assets when an impairment event has taken place .actual results could differ from those estimates .( 3 ) significant acquisitions and dispositions 2010 acquisition of remaining interest in dugan realty , l.l.c .on july 1 , 2010 , we acquired our joint venture partner 2019s 50% ( 50 % ) interest in dugan realty , l.l.c .( 201cdugan 201d ) , a real estate joint venture that we had previously accounted for using the equity method , for a payment of $ 166.7 million .dugan held $ 28.1 million of cash at the time of acquisition , which resulted in a net cash outlay of $ 138.6 million .as the result of this transaction we obtained 100% ( 100 % ) of dugan 2019s membership interests .at the date of acquisition , dugan owned 106 industrial buildings totaling 20.8 million square feet and 63 net acres of undeveloped land located in midwest and southeast markets .dugan had a secured loan with a face value of $ 195.4 million due in october 2010 , which was repaid at its scheduled maturity date , and a secured loan with a face value of $ 87.6 million due in october 2012 ( see note 8 ) .the acquisition was completed in order to pursue our strategy to increase our overall allocation to industrial real estate assets .the following table summarizes our allocation of the fair value of amounts recognized for each major class of assets and liabilities ( in thousands ) : .
[['real estate assets', '$ 502418'], ['lease related intangible assets', '107155'], ['other assets', '28658'], ['total acquired assets', '$ 638231'], ['secured debt', '$ 285376'], ['other liabilities', '20243'], ['total assumed liabilities', '$ 305619'], ['fair value of acquired net assets ( represents 100% ( 100 % ) interest )', '$ 332612']]
fair value of acquired net assets ( represents 100% ( 100 % ) interest ) $ 332612 we previously managed and performed other ancillary services for dugan 2019s properties and , as a result , dugan had no employees of its own and no .
|
what was the debt to equity ratio in the assets acquired
|
0.92
|
{
"answer": "0.92",
"decimal": 0.92,
"type": "float"
}
| |
table of contents concentrations in the available sources of supply of materials and product although most components essential to the company 2019s business are generally available from multiple sources , a number of components are currently obtained from single or limited sources .in addition , the company competes for various components with other participants in the markets for mobile communication and media devices and personal computers .therefore , many components used by the company , including those that are available from multiple sources , are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the company 2019s financial condition and operating results .the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 27 , 2014 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 5.0 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 717 million , $ 645 million and $ 488 million in 2014 , 2013 and 2012 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 27 , 2014 , are as follows ( in millions ) : apple inc .| 2014 form 10-k | 75 .
[['2015', '$ 662'], ['2016', '676'], ['2017', '645'], ['2018', '593'], ['2019', '534'], ['thereafter', '1877'], ['total', '$ 4987']]
.
|
as of september 27 , 2014 , what percentage of the company 2019s total future minimum lease payments under noncancelable operating leases related to leases for retail space?
|
72%
|
{
"answer": "72%",
"decimal": 0.72,
"type": "percentage"
}
| |
valuation techniques 2013 cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost , which approximates fair value .u.s .equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year .for u.s .equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker , or investment manager .these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager .commingled equity funds are investment vehicles valued using the net asset value ( nav ) provided by the fund managers .the nav is the total value of the fund divided by the number of shares outstanding .commingled equity funds are categorized as level 1 if traded at their nav on a nationally recognized securities exchange or categorized as level 2 if the nav is corroborated by observable market data ( e.g. , purchases or sales activity ) and we are able to redeem our investment in the near-term .fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers , or quoted prices of securities with similar characteristics .fixed income investments are categorized at level 3 when valuations using observable inputs are unavailable .the trustee obtains pricing based on indicative quotes or bid evaluations from vendors , brokers , or the investment manager .private equity funds , real estate funds , and hedge funds are valued using the nav based on valuation models of underlying securities which generally include significant unobservable inputs that cannot be corroborated using verifiable observable market data .valuations for private equity funds and real estate funds are determined by the general partners .depending on the nature of the assets , the general partners may use various valuation methodologies , including the income and market approaches in their models .the market approach consists of analyzing market transactions for comparable assets while the income approach uses earnings or the net present value of estimated future cash flows adjusted for liquidity and other risk factors .hedge funds are valued by independent administrators using various pricing sources and models based on the nature of the securities .private equity funds , real estate funds , and hedge funds are generally categorized as level 3 as we cannot fully redeem our investment in the near-term .commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the year .contributions and expected benefit payments we generally determine funding requirements for our defined benefit pension plans in a manner consistent with cas and internal revenue code rules .in 2013 , we made contributions of $ 2.25 billion related to our qualified defined benefit pension plans .we currently plan to make contributions of approximately $ 1.0 billion related to the qualified defined benefit pension plans in 2014 .in 2013 , we made contributions of $ 98 million to our retiree medical and life insurance plans .we do not expect to make contributions related to the retiree medical and life insurance plans in 2014 as a result of our 2013 contributions .the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2013 ( in millions ) : .
[['', '2014', '2015', '2016', '2017', '2018', '2019 - 2023'], ['qualified defined benefit pension plans', '$ 1960', '$ 2030', '$ 2110', '$ 2200', '$ 2300', '$ 13240'], ['retiree medical and life insurance plans', '200', '210', '210', '220', '220', '1070']]
defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees .under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents .our contributions were $ 383 million in 2013 , $ 380 million in 2012 , and $ 378 million in 2011 , the majority of which were funded in our common stock .our defined contribution plans held approximately 44.7 million and 48.6 million shares of our common stock as of december 31 , 2013 and 2012. .
|
what was the ratio of the company contribution to the pension plan in 2013 to 2014
|
2.5
|
{
"answer": "2.5",
"decimal": 2.5,
"type": "float"
}
| |
regions .principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs .printing papers net sales for 2014 decreased 8% ( 8 % ) to $ 5.7 billion compared with $ 6.2 billion in 2013 and 8% ( 8 % ) compared with $ 6.2 billion in 2012 .operating profits in 2014 were 106% ( 106 % ) lower than in 2013 and 103% ( 103 % ) lower than in 2012 .excluding facility closure costs , impairment costs and other special items , operating profits in 2014 were 7% ( 7 % ) higher than in 2013 and 8% ( 8 % ) lower than in 2012 .benefits from higher average sales price realizations and a favorable mix ( $ 178 million ) , lower planned maintenance downtime costs ( $ 26 million ) , the absence of a provision for bad debt related to a large envelope customer that was booked in 2013 ( $ 28 million ) , and lower foreign exchange and other costs ( $ 25 million ) were offset by lower sales volumes ( $ 82 million ) , higher operating costs ( $ 49 million ) , higher input costs ( $ 47 million ) , and costs associated with the closure of our courtland , alabama mill ( $ 41 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers .
[['in millions', '2014', '2013', '2012'], ['sales', '$ 5720', '$ 6205', '$ 6230'], ['operating profit ( loss )', '-16 ( 16 )', '271', '599']]
north american printing papers net sales were $ 2.1 billion in 2014 , $ 2.6 billion in 2013 and $ 2.7 billion in 2012 .operating profits in 2014 were a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) compared with gains of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 and $ 331 million in 2012 .sales volumes in 2014 decreased compared with 2013 due to lower market demand for uncoated freesheet paper and the closure our courtland mill .average sales price realizations were higher , reflecting sales price increases in both domestic and export markets .higher input costs for wood were offset by lower costs for chemicals , however freight costs were higher .planned maintenance downtime costs were $ 14 million lower in 2014 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill but benefited from the absence of a provision for bad debt related to a large envelope customer that was recorded in 2013 .entering the first quarter of 2015 , sales volumes are expected to be stable compared with the fourth quarter of 2014 .average sales margins should improve reflecting a more favorable mix although average sales price realizations are expected to be flat .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 16 million lower with an outage scheduled in the 2015 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2014 fourth quarter .brazilian papers net sales for 2014 were $ 1.1 billion compared with $ 1.1 billion in 2013 and $ 1.1 billion in 2012 .operating profits for 2014 were $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) compared with $ 210 million in 2013 and $ 163 million in 2012 .sales volumes in 2014 were about flat compared with 2013 .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2013 and in 2014 .margins were favorably affected by an increased proportion of sales to the higher-margin domestic market .raw material costs increased for wood and chemicals .operating costs were higher than in 2013 and planned maintenance downtime costs were flat .looking ahead to 2015 , sales volumes in the first quarter are expected to decrease due to seasonally weaker customer demand for uncoated freesheet paper .average sales price improvements are expected to reflect the partial realization of announced sales price increases in the brazilian domestic market for uncoated freesheet paper .input costs are expected to be flat .planned maintenance outage costs should be $ 5 million lower with an outage scheduled at the luiz antonio mill in the first quarter .european papers net sales in 2014 were $ 1.5 billion compared with $ 1.5 billion in 2013 and $ 1.4 billion in 2012 .operating profits in 2014 were $ 140 million compared with $ 167 million in 2013 and $ 179 million in compared with 2013 , sales volumes for uncoated freesheet paper in 2014 were slightly higher in both .
|
what percentage where brazilian papers net sales of printing papers sales in 2014?
|
19%
|
{
"answer": "19%",
"decimal": 0.19,
"type": "percentage"
}
| |
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 ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price .
[['', 'number of options', 'weightedaverageexercise price'], ['options outstanding december 31 2005', '12643761', '$ 36.53'], ['granted', '1505215', '$ 56.29'], ['exercised', '-1982560 ( 1982560 )', '$ 33.69'], ['forfeited', '-413895 ( 413895 )', '$ 39.71'], ['options outstanding december 31 2006', '11752521', '$ 39.43'], ['granted', '1549091', '$ 56.17'], ['exercised', '-1830004 ( 1830004 )', '$ 35.73'], ['forfeited', '-200793 ( 200793 )', '$ 51.66'], ['options outstanding december 31 2007', '11270815', '$ 42.12'], ['granted', '1612507', '$ 60.17'], ['exercised', '-2650733 ( 2650733 )', '$ 36.25'], ['forfeited', '-309026 ( 309026 )', '$ 54.31'], ['options outstanding december 31 2008', '9923563', '$ 46.24']]
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 .the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 .the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 .the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively .the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million .restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock .the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule .the restricted stock is granted at market close price on the date of grant .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .
|
what is the growth rate of the weighted average exercise price of options from december 31 , 2005 to december 31 , 2008?
|
26.6%
|
{
"answer": "26.6%",
"decimal": 0.266,
"type": "percentage"
}
| |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2004 compared to 2003 net income increased $ 16.2 million due to lower other operation and maintenance expenses , a lower effective income tax rate for 2004 compared to 2003 , and lower interest charges .the increase was partially offset by lower net revenue .2003 compared to 2002 net income decreased $ 9.6 million due to lower net revenue , higher depreciation and amortization expenses , and a higher effective income tax rate for 2003 compared to 2002 .the decrease was substantially offset by lower other operation and maintenance expenses , higher other income , and lower interest charges .net revenue 2004 compared to 2003 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2004 to 2003. .
[['', '( in millions )'], ['2003 net revenue', '$ 998.7'], ['deferred fuel cost revisions', '-16.9 ( 16.9 )'], ['other', '-3.4 ( 3.4 )'], ['2004 net revenue', '$ 978.4']]
deferred fuel cost revisions includes the difference between the estimated deferred fuel expense and the actual calculation of recoverable fuel expense , which occurs on an annual basis .deferred fuel cost revisions decreased net revenue due to a revised estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider , which reduced net revenue by $ 11.5 million .the remainder of the variance is due to the 2002 energy cost recovery true-up , made in the first quarter of 2003 , which increased net revenue in 2003 .gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 20.7 million in fuel cost recovery revenues due to an increase in the energy cost recovery rider effective april 2004 ( fuel cost recovery revenues are discussed in note 2 to the domestic utility companies and system energy financial statements ) ; 2022 an increase of $ 15.5 million in grand gulf revenues due to an increase in the grand gulf rider effective january 2004 ; 2022 an increase of $ 13.9 million in gross wholesale revenue primarily due to increased sales to affiliated systems ; 2022 an increase of $ 9.5 million due to volume/weather primarily resulting from increased usage during the unbilled sales period , partially offset by the effect of milder weather on billed sales in 2004. .
|
what is the growth rate in net revenue in 2004 for entergy arkansas inc.?
|
-2.0%
|
{
"answer": "-2.0%",
"decimal": -0.02,
"type": "percentage"
}
| |
see note 10 goodwill and other intangible assets for further discussion of the accounting for goodwill and other intangible assets .the estimated amount of rbc bank ( usa ) revenue and net income ( excluding integration costs ) included in pnc 2019s consolidated income statement for 2012 was $ 1.0 billion and $ 273 million , respectively .upon closing and conversion of the rbc bank ( usa ) transaction , subsequent to march 2 , 2012 , separate records for rbc bank ( usa ) as a stand-alone business have not been maintained as the operations of rbc bank ( usa ) have been fully integrated into pnc .rbc bank ( usa ) revenue and earnings disclosed above reflect management 2019s best estimate , based on information available at the reporting date .the following table presents certain unaudited pro forma information for illustrative purposes only , for 2012 and 2011 as if rbc bank ( usa ) had been acquired on january 1 , 2011 .the unaudited estimated pro forma information combines the historical results of rbc bank ( usa ) with the company 2019s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods .the pro forma information is not indicative of what would have occurred had the acquisition taken place on january 1 , 2011 .in particular , no adjustments have been made to eliminate the impact of other-than-temporary impairment losses and losses recognized on the sale of securities that may not have been necessary had the investment securities been recorded at fair value as of january 1 , 2011 .the unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value .additionally , the pro forma financial information does not include the impact of possible business model changes and does not reflect pro forma adjustments to conform accounting policies between rbc bank ( usa ) and pnc .additionally , pnc expects to achieve further operating cost savings and other business synergies , including revenue growth , as a result of the acquisition that are not reflected in the pro forma amounts that follow .as a result , actual results will differ from the unaudited pro forma information presented .table 57 : rbc bank ( usa ) and pnc unaudited pro forma results .
[['in millions', 'for the year ended december 31 2012', 'for the year ended december 31 2011'], ['total revenues', '$ 15721', '$ 15421'], ['net income', '2989', '2911']]
in connection with the rbc bank ( usa ) acquisition and other prior acquisitions , pnc recognized $ 267 million of integration charges in 2012 .pnc recognized $ 42 million of integration charges in 2011 in connection with prior acquisitions .the integration charges are included in the table above .sale of smartstreet effective october 26 , 2012 , pnc divested certain deposits and assets of the smartstreet business unit , which was acquired by pnc as part of the rbc bank ( usa ) acquisition , to union bank , n.a .smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $ 1 billion of assets and deposits as of september 30 , 2012 .the gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $ 46 million and $ 13 million , respectively .results from operations of smartstreet from march 2 , 2012 through october 26 , 2012 are included in our consolidated income statement .flagstar branch acquisition effective december 9 , 2011 , pnc acquired 27 branches in the northern metropolitan atlanta , georgia area from flagstar bank , fsb , a subsidiary of flagstar bancorp , inc .the fair value of the assets acquired totaled approximately $ 211.8 million , including $ 169.3 million in cash , $ 24.3 million in fixed assets and $ 18.2 million of goodwill and intangible assets .we also assumed approximately $ 210.5 million of deposits associated with these branches .no deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our december 9 , 2011 acquisition .bankatlantic branch acquisition effective june 6 , 2011 , we acquired 19 branches in the greater tampa , florida area from bankatlantic , a subsidiary of bankatlantic bancorp , inc .the fair value of the assets acquired totaled $ 324.9 million , including $ 256.9 million in cash , $ 26.0 million in fixed assets and $ 42.0 million of goodwill and intangible assets .we also assumed approximately $ 324.5 million of deposits associated with these branches .a $ 39.0 million deposit premium was paid and no loans were acquired in the transaction .our consolidated income statement includes the impact of the branch activity subsequent to our june 6 , 2011 acquisition .sale of pnc global investment servicing on july 1 , 2010 , we sold pnc global investment servicing inc .( gis ) , a leading provider of processing , technology and business intelligence services to asset managers , broker- dealers and financial advisors worldwide , for $ 2.3 billion in cash pursuant to a definitive agreement entered into on february 2 , 2010 .this transaction resulted in a pretax gain of $ 639 million , net of transaction costs , in the third quarter of 2010 .this gain and results of operations of gis through june 30 , 2010 are presented as income from discontinued operations , net of income taxes , on our consolidated income statement .as part of the sale agreement , pnc has agreed to provide certain transitional services on behalf of gis until completion of related systems conversion activities .138 the pnc financial services group , inc .2013 form 10-k .
|
excluding recognized in 2011 in connection with prior acquisitions , what would net income be in millions?
|
2953
|
{
"answer": "2953",
"decimal": 2953,
"type": "float"
}
| |
we maintain an effective universal shelf registration that allows for the public offering and sale of debt securities , capital securities , common stock , depositary shares and preferred stock , and warrants to purchase such securities , including any shares into which the preferred stock and depositary shares may be convertible , or any combination thereof .we have , as discussed previously , issued in the past , and we may issue in the future , securities pursuant to the shelf registration .the issuance of debt or equity securities will depend on future market conditions , funding needs and other factors .additional information about debt and equity securities issued pursuant to this shelf registration is provided in notes 9 and 12 to the consolidated financial statements included under item 8 .we currently maintain a corporate commercial paper program , under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue .at december 31 , 2011 , we had $ 2.38 billion of commercial paper outstanding , compared to $ 2.80 billion at december 31 , 2010 .additional information about our corporate commercial paper program is provided in note 8 to the consolidated financial statements included under item 8 .state street bank had initial board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 1 billion of subordinated bank notes .approximately $ 2.05 billion was available under this board authority as of december 31 , 2011 .in 2011 , $ 2.45 billion of senior notes , which were outstanding at december 31 , 2010 , matured .state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 787 million as of december 31 , 2011 , to support its canadian securities processing operations .the line of credit has no stated termination date and is cancelable by either party with prior notice .as of december 31 , 2011 , no balance was outstanding on this line of credit .contractual cash obligations .
[['as of december 31 2011 ( in millions )', 'payments due by period total', 'payments due by period less than 1 year', 'payments due by period 1-3 years', 'payments due by period 4-5 years', 'payments due by period over 5 years'], ['long-term debt ( 1 )', '$ 9276', '$ 1973', '$ 1169', '$ 1944', '$ 4190'], ['operating leases', '1129', '237', '389', '228', '275'], ['capital lease obligations', '989', '68', '136', '138', '647'], ['total contractual cash obligations', '$ 11394', '$ 2278', '$ 1694', '$ 2310', '$ 5112']]
( 1 ) long-term debt excludes capital lease obligations ( presented as a separate line item ) and the effect of interest-rate swaps .interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect as of december 31 , 2011 .the obligations presented in the table above are recorded in our consolidated statement of condition at december 31 , 2011 , except for interest on long-term debt and capital lease obligations .the table does not include obligations which will be settled in cash , primarily in less than one year , such as deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings .additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 7 and 8 to the consolidated financial statements included under item 8 .the table does not include obligations related to derivative instruments , because the amounts included in our consolidated statement of condition at december 31 , 2011 related to derivatives do not represent the amounts that may ultimately be paid under the contracts upon settlement .additional information about derivative contracts is provided in note 16 to the consolidated financial statements included under item 8 .we have obligations under pension and other post-retirement benefit plans , more fully described in note 18 to the consolidated financial statements included under item 8 , which are not included in the above table .additional information about contractual cash obligations related to long-term debt and operating and capital leases is provided in notes 9 and 19 to the consolidated financial statements included under item 8 .the consolidated statement of cash flows , also included under item 8 , provides additional liquidity information. .
|
what was the percent change in the value of commercial paper outstanding between 2010 and 2011?
|
18%
|
{
"answer": "18%",
"decimal": 0.18,
"type": "percentage"
}
| |
we are required under the terms of our preferred stock to pay scheduled quarterly dividends , subject to legally available funds .for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods .pursuant to this policy , we paid quarterly dividends of $ 0.265625 per share on our preferred stock on february 1 , 2009 , may 1 , 2009 , august 3 , 2009 and november 2 , 2009 and similar quarterly dividends during each quarter of 2008 .the annual cash dividend declared and paid during the years ended december 31 , 2009 and 2008 were $ 10 million and $ 10 million , respectively .on january 5 , 2010 , we declared a cash dividend of $ 0.265625 per share on our preferred stock amounting to $ 3 million and a cash dividend of $ 0.04 per share on our series a common stock amounting to $ 6 million .both cash dividends are for the period from november 2 , 2009 to january 31 , 2010 and were paid on february 1 , 2010 to holders of record as of january 15 , 2010 .on february 1 , 2010 , we announced we would elect to redeem all of our outstanding preferred stock on february 22 , 2010 .holders of the preferred stock also have the right to convert their shares at any time prior to 5:00 p.m. , new york city time , on february 19 , 2010 , the business day immediately preceding the february 22 , 2010 redemption date .based on the number of outstanding shares as of december 31 , 2009 and considering the redemption of our preferred stock , cash dividends to be paid in 2010 are expected to result in annual dividend payments less than those paid in 2009 .the amount available to us to pay cash dividends is restricted by our senior credit agreement .any decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on , among other things , our results of operations , cash requirements , financial condition , contractual restrictions and other factors that our board of directors may deem relevant .celanese purchases of its equity securities the table below sets forth information regarding repurchases of our series a common stock during the three months ended december 31 , 2009 : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program .
[['period', 'total number of shares purchased ( 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'], ['october 1-31 2009', '24980', '$ 24.54', '-', '$ 122300000.00'], ['november 1-30 2009', '-', '$ -', '-', '$ 122300000.00'], ['december 1-31 2009', '334', '$ 32.03', '-', '$ 122300000.00']]
( 1 ) relates to shares employees have elected to have withheld to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .no shares were purchased during the three months ended december 31 , 2009 under our previously announced stock repurchase plan .%%transmsg*** transmitting job : d70731 pcn : 033000000 ***%%pcmsg|33 |00012|yes|no|02/10/2010 05:41|0|0|page is valid , no graphics -- color : n| .
|
what is the total amount spent for the purchased shares during october 2009?
|
613009.2
|
{
"answer": "613009.2",
"decimal": 613009.2,
"type": "float"
}
| |
notes to consolidated financial statements note 11 .income taxes 2013 ( continued ) the federal income tax return for 2006 is subject to examination by the irs .in addition for 2007 and 2008 , the irs has invited the company to participate in the compliance assurance process ( 201ccap 201d ) , which is a voluntary program for a limited number of large corporations .under cap , the irs conducts a real-time audit and works contemporaneously with the company to resolve any issues prior to the filing of the tax return .the company has agreed to participate .the company believes this approach should reduce tax-related uncertainties , if any .the company and/or its subsidiaries also file income tax returns in various state , local and foreign jurisdictions .these returns , with few exceptions , are no longer subject to examination by the various taxing authorities before as discussed in note 1 , the company adopted the provisions of fin no .48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 .as a result of the implementation of fin no .48 , the company recognized a decrease to beginning retained earnings on january 1 , 2007 of $ 37 million .the total amount of unrecognized tax benefits as of the date of adoption was approximately $ 70 million .included in the balance at january 1 , 2007 , were $ 51 million of tax positions that if recognized would affect the effective tax rate .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : ( in millions ) .
[['balance january 1 2007', '$ 70'], ['additions based on tax positions related to the current year', '12'], ['additions for tax positions of prior years', '3'], ['reductions for tax positions related to the current year', '-23 ( 23 )'], ['settlements', '-6 ( 6 )'], ['expiration of statute of limitations', '-3 ( 3 )'], ['balance december 31 2007', '$ 53']]
the company anticipates that it is reasonably possible that payments of approximately $ 2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months .additionally , certain state and foreign income tax returns will no longer be subject to examination and as a result , there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $ 7 million .at december 31 , 2007 , there were $ 42 million of tax benefits that if recognized would affect the effective rate .the company recognizes interest accrued related to : ( 1 ) unrecognized tax benefits in interest expense and ( 2 ) tax refund claims in other revenues on the consolidated statements of income .the company recognizes penalties in income tax expense ( benefit ) on the consolidated statements of income .during 2007 , the company recorded charges of approximately $ 4 million for interest expense and $ 2 million for penalties .provision has been made for the expected u.s .federal income tax liabilities applicable to undistributed earnings of subsidiaries , except for certain subsidiaries for which the company intends to invest the undistributed earnings indefinitely , or recover such undistributed earnings tax-free .at december 31 , 2007 , the company has not provided deferred taxes of $ 126 million , if sold through a taxable sale , on $ 361 million of undistributed earnings related to a domestic affiliate .the determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable .in connection with a non-recurring distribution of $ 850 million to diamond offshore from a foreign subsidiary , a portion of which consisted of earnings of the subsidiary that had not previously been subjected to u.s .federal income tax , diamond offshore recognized $ 59 million of u.s .federal income tax expense as a result of the distribution .it remains diamond offshore 2019s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities .total income tax expense for the years ended december 31 , 2007 , 2006 and 2005 , was different than the amounts of $ 1601 million , $ 1557 million and $ 639 million , computed by applying the statutory u.s .federal income tax rate of 35% ( 35 % ) to income before income taxes and minority interest for each of the years. .
|
what is the income before tax in 2007?
|
4574.3
|
{
"answer": "4574.3",
"decimal": 4574.3,
"type": "float"
}
| |
containerboard , kraft papers and saturating kraft .kapstone also owns victory packaging , a packaging solutions distribution company with facilities in the u.s. , canada and mexico .we have included the financial results of kapstone in our corrugated packaging segment since the date of the acquisition .on september 4 , 2018 , we completed the acquisition ( the 201cschl fcter acquisition 201d ) of schl fcter print pharma packaging ( 201cschl fcter 201d ) .schl fcter is a leading provider of differentiated paper and packaging solutions and a german-based supplier of a full range of leaflets and booklets .the schl fcter acquisition allowed us to further enhance our pharmaceutical and automotive platform and expand our geographical footprint in europe to better serve our customers .we have included the financial results of the acquired operations in our consumer packaging segment since the date of the acquisition .on january 5 , 2018 , we completed the acquisition ( the 201cplymouth packaging acquisition 201d ) of substantially all of the assets of plymouth packaging , inc .( 201cplymouth 201d ) .the assets we acquired included plymouth 2019s 201cbox on demand 201d systems , which are manufactured by panotec , an italian manufacturer of packaging machines .the addition of the box on demand systems enhanced our platform , differentiation and innovation .these systems , which are located on customers 2019 sites under multi-year exclusive agreements , use fanfold corrugated to produce custom , on-demand corrugated packaging that is accurately sized for any product type according to the customer 2019s specifications .fanfold corrugated is continuous corrugated board , folded periodically to form an accordion-like stack of corrugated material .as part of the transaction , westrock acquired plymouth 2019s equity interest in panotec and plymouth 2019s exclusive right from panotec to distribute panotec 2019s equipment in the u.s .and canada .we have fully integrated the approximately 60000 tons of containerboard used by plymouth annually .we have included the financial results of plymouth in our corrugated packaging segment since the date of the acquisition .see 201cnote 3 .acquisitions and investment 201d of the notes to consolidated financial statements for additional information .see also item 1a .201crisk factors 2014 we may be unsuccessful in making and integrating mergers , acquisitions and investments , and completing divestitures 201d .business .
[['( in millions )', 'year ended september 30 , 2019', 'year ended september 30 , 2018'], ['net sales', '$ 18289.0', '$ 16285.1'], ['segment income', '$ 1790.2', '$ 1707.6']]
in fiscal 2019 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win .we successfully executed this strategy in fiscal 2019 in a rapidly changing cost and price environment .net sales of $ 18289.0 million for fiscal 2019 increased $ 2003.9 million , or 12.3% ( 12.3 % ) , compared to fiscal 2018 .the increase was primarily due to the kapstone acquisition and higher selling price/mix in our corrugated packaging and consumer packaging segments .these increases were partially offset by the absence of recycling net sales in fiscal 2019 as a result of conducting the operations primarily as a procurement function beginning in the first quarter of fiscal 2019 , lower volumes , unfavorable foreign currency impacts across our segments compared to the prior year and decreased land and development net sales .segment income increased $ 82.6 million in fiscal 2019 compared to fiscal 2018 , primarily due to increased corrugated packaging segment income that was partially offset by lower consumer packaging and land and development segment income .the impact of the contribution from the acquired kapstone operations , higher selling price/mix across our segments and productivity improvements was largely offset by lower volumes across our segments , economic downtime , cost inflation , increased maintenance and scheduled strategic outage expense ( including projects at our mahrt , al and covington , va mills ) and lower land and development segment income due to the wind-down of sales .with respect to segment income , we experienced higher levels of cost inflation in both our corrugated packaging and consumer packaging segments during fiscal 2019 as compared to fiscal 2018 that were partially offset by recovered fiber deflation .the primary inflationary items were virgin fiber , freight , energy and wage and other costs .we generated $ 2310.2 million of net cash provided by operating activities in fiscal 2019 , compared to $ 1931.2 million in fiscal 2018 .we remained committed to our disciplined capital allocation strategy during fiscal .
|
what was the average net sales between 2018 and 2019
|
17287.05
|
{
"answer": "17287.05",
"decimal": 17287.05,
"type": "float"
}
| |
compared to 2007 .we reduced personal injury expense by $ 80 million in 2007 as a result of fewer than expected claims and lower than expected average settlement costs .in 2008 , we reduced personal injury expense and asbestos-related costs $ 82 million based on the results of updated personal injury actuarial studies and a reassessment of our potential liability for resolution of current and future asbestos claims .in addition , environmental and toxic tort expenses were $ 7 million lower in 2008 compared to 2007 .other costs were lower in 2007 compared to 2006 driven primarily by a reduction in personal injury expense .actuarial studies completed during 2007 resulted in a reduction in personal injury expense of $ 80 million , which was partially offset by an adverse development with respect to one claim .settlement of insurance claims in 2007 related to hurricane rita , and higher equity income also drove expenses lower in 2007 versus 2006 .conversely , the year-over-year comparison was affected by the settlement of insurance claims totaling $ 23 million in 2006 related to the january 2005 west coast storm and a $ 9 million gain in 2006 from the sale of two company-owned airplanes .non-operating items millions of dollars 2008 2007 2006 % ( % ) change 2008 v 2007 % ( % ) change 2007 v 2006 .
[['millions of dollars', '2008', '2007', '2006', '% ( % ) change 2008 v 2007', '% ( % ) change 2007 v 2006'], ['other income', '$ 92', '$ 116', '$ 118', '( 21 ) % ( % )', '( 2 ) % ( % )'], ['interest expense', '-511 ( 511 )', '-482 ( 482 )', '-477 ( 477 )', '6', '1'], ['income taxes', '-1318 ( 1318 )', '-1154 ( 1154 )', '-919 ( 919 )', '14 % ( % )', '26 % ( % )']]
other income 2013 other income decreased in 2008 compared to 2007 due to lower gains from real estate sales and decreased returns on cash investments reflecting lower interest rates .higher rental and licensing income and lower interest expense on our sale of receivables program partially offset the decreases .lower net gains from non-operating asset sales ( primarily real estate ) drove the reduction in other income in 2007 .recognition of rental income in 2006 from the settlement of a rent dispute also contributed to the year-over-year decrease in other income .cash investment returns increased $ 21 million due to larger cash balances and higher interest rates .interest expense 2013 interest expense increased in 2008 versus 2007 due to a higher weighted-average debt level of $ 8.3 billion , compared to $ 7.3 billion in 2007 .a lower effective interest rate of 6.1% ( 6.1 % ) in 2008 , compared to 6.6% ( 6.6 % ) in 2007 , partially offset the effects of the higher weighted-average debt level .an increase in the weighted-average debt levels to $ 7.3 billion from $ 7.1 billion in 2006 generated higher interest expense in 2007 .a lower effective interest rate of 6.6% ( 6.6 % ) in 2007 , compared to 6.7% ( 6.7 % ) in 2006 , partially offset the effects of the higher debt level .income taxes 2013 income taxes were higher in 2008 compared to 2007 , driven by higher pre-tax income .our effective tax rates were 36.1% ( 36.1 % ) and 38.4% ( 38.4 % ) in 2008 and 2007 , respectively .the lower effective tax rate in 2008 resulted from several reductions in tax expense related to federal audits and state tax law changes .in addition , the effective tax rate in 2007 was increased by illinois legislation that increased deferred tax expense in the third quarter of 2007 .income taxes were $ 235 million higher in 2007 compared to 2006 , due primarily to higher pre-tax income and the effect of new tax legislation in the state of illinois that changed how we determine the amount of our income subject to illinois tax .the illinois legislation increased our deferred tax expense by $ 27 million in 2007 .our effective tax rates were 38.4% ( 38.4 % ) and 36.4% ( 36.4 % ) in 2007 and 2006 , respectively. .
|
what was the average other income
|
108.7
|
{
"answer": "108.7",
"decimal": 108.7,
"type": "float"
}
| |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) .
[['', 'amount ( in millions )'], ['2007 net revenue', '$ 1110.6'], ['rider revenue', '13.6'], ['purchased power capacity', '4.8'], ['volume/weather', '-14.6 ( 14.6 )'], ['other', '3.5'], ['2008 net revenue', '$ 1117.9']]
the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
|
what is the net change in net revenue during 2008 for entergy arkansas?
|
7.3
|
{
"answer": "7.3",
"decimal": 7.3,
"type": "float"
}
| |
discount to brent was narrower in 2013 than in 2012 and 2011 .as a result of the significant increase in u.s .production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods .composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays .ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 .natural gas 2013 a significant portion of our natural gas production in the u.s .is sold at bid-week prices , or first-of-month indices relative to our specific producing areas .average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 .international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 .natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g .natural gas prices in europe have been considerably higher than the u.s .in recent years .in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile .the natural gas sales from e.g .are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements .oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil .output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs .the wcs discount to wti has been increasing on average in each year presented below .despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 .the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .per-unit costs are sensitive to production rates .key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively .the table below shows average benchmark prices that impact both our revenues and variable costs: .
[['benchmark', '2013', '2012', '2011'], ['wti crude oil ( dollars per bbl )', '$ 98.05', '$ 94.15', '$ 95.11'], ['wcs ( dollars per bbl ) ( a )', '$ 72.77', '$ 73.18', '$ 77.97'], ['aeco natural gas sales index ( dollars per mmbtu ) ( b )', '$ 3.08', '$ 2.39', '$ 3.68']]
wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .( b ) monthly average day ahead index. .
|
how much more was the average wti crude price than the wcs price in 2012?
|
$ 20.97
|
{
"answer": "$ 20.97",
"decimal": 20.97,
"type": "money"
}
| |
dividends and distributions we pay regular quarterly dividends to holders of our common stock .on february 16 , 2007 , our board of directors declared the first quarterly installment of our 2007 dividend in the amount of $ 0.475 per share , payable on march 30 , 2007 to stockholders of record on march 20 , 2007 .we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2007 .our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis .because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above .please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy .our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan .see 201cnote 15 2014capital stock 201d of the notes to consolidated financial statements included in item 8 of this annual report on form 10-k .director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation .securities authorized for issuance under equity compensation plans the following table summarizes information with respect to our equity compensation plans as of december 31 , 2006 : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) equity compensation plans approved by stockholders ( 1 ) ..1118051 $ 24.27 8373727 equity compensation plans not approved by stockholders ( 2 ) ..18924 n/a 1145354 .
[['plan category', '( a ) number of securities to be issued upon exercise of outstanding options warrants andrights', '( b ) weighted average exercise price of outstanding options warrants and rights', '( c ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a )'], ['equity compensation plans approved by stockholders ( 1 )', '1118051', '$ 24.27', '8373727'], ['equity compensation plans not approved by stockholders ( 2 )', '18924', 'n/a', '1145354'], ['total', '1136975', '$ 24.27', '9519081']]
( 1 ) these plans consist of ( i ) the 1987 incentive compensation program ( employee plan ) ; ( ii ) the theratx , incorporated 1996 stock option/stock issuance plan ; ( iii ) the 2000 incentive compensation plan ( employee plan ) ( formerly known as the 1997 incentive compensation plan ) ; ( iv ) the 2004 stock plan for directors ( which amended and restated the 2000 stock option plan for directors ( formerly known as the 1997 stock option plan for non-employee directors ) ) ; ( v ) the employee and director stock purchase plan ; ( vi ) the 2006 incentive plan ; and ( vii ) the 2006 stock plan for directors .( 2 ) these plans consist of ( i ) the common stock purchase plan for directors , under which our non-employee directors may receive common stock in lieu of directors 2019 fees , ( ii ) the nonemployee director deferred stock compensation plan , under which our non-employee directors may receive units convertible on a one-for-one basis into common stock in lieu of director fees , and ( iii ) the executive deferred stock compensation plan , under which our executive officers may receive units convertible on a one-for-one basis into common stock in lieu of compensation. .
|
what is the total cost of equity compensation plans approved by stockholders?
|
$ 27135097.77
|
{
"answer": "$ 27135097.77",
"decimal": 27135097.77,
"type": "money"
}
| |
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 percentage of total proved undeveloped reserves from canada from 2011-2012 was its proved undeveloped reserves as of dec 31 , 2011?
|
46.67%
|
{
"answer": "46.67%",
"decimal": 0.4667,
"type": "percentage"
}
| |
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. .
|
for 2010 , given the class a common stock issued to non-executive directors and the recognized expense , what is the approximate deemed fair value per share at date of issuance?
|
321
|
{
"answer": "321",
"decimal": 321,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries notes to consolidated financial statements long-term debt instruments the aggregate contractual principal amount of long-term other secured financings for which the fair value option was elected exceeded the related fair value by $ 361 million and $ 362 million as of december 2016 and december 2015 , respectively .the aggregate contractual principal amount of unsecured long-term borrowings for which the fair value option was elected exceeded the related fair value by $ 1.56 billion and $ 1.12 billion as of december 2016 and december 2015 , respectively .the amounts above include both principal- and non-principal-protected long-term borrowings .impact of credit spreads on loans and lending commitments the estimated net gain attributable to changes in instrument-specific credit spreads on loans and lending commitments for which the fair value option was elected was $ 281 million for 2016 , $ 751 million for 2015 and $ 1.83 billion for 2014 , respectively .the firm generally calculates the fair value of loans and lending commitments for which the fair value option is elected by discounting future cash flows at a rate which incorporates the instrument-specific credit spreads .for floating-rate loans and lending commitments , substantially all changes in fair value are attributable to changes in instrument-specific credit spreads , whereas for fixed-rate loans and lending commitments , changes in fair value are also attributable to changes in interest rates .debt valuation adjustment the firm calculates the fair value of financial liabilities for which the fair value option is elected by discounting future cash flows at a rate which incorporates the firm 2019s credit spreads .the net dva on such financial liabilities was a loss of $ 844 million ( $ 544 million , net of tax ) for 2016 and was included in 201cdebt valuation adjustment 201d in the consolidated statements of comprehensive income .the gains/ ( losses ) reclassified to earnings from accumulated other comprehensive loss upon extinguishment of such financial liabilities were not material for 2016 .note 9 .loans receivable loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses .interest on loans receivable is recognized over the life of the loan and is recorded on an accrual basis .the table below presents details about loans receivable. .
[['$ in millions', 'as of december 2016', 'as of december 2015'], ['corporate loans', '$ 24837', '$ 20740'], ['loans to private wealth management clients', '13828', '13961'], ['loans backed by commercial real estate', '4761', '5271'], ['loans backed by residential real estate', '3865', '2316'], ['other loans', '2890', '3533'], ['total loans receivable gross', '50181', '45821'], ['allowance for loan losses', '-509 ( 509 )', '-414 ( 414 )'], ['total loans receivable', '$ 49672', '$ 45407']]
as of december 2016 and december 2015 , the fair value of loans receivable was $ 49.80 billion and $ 45.19 billion , respectively .as of december 2016 , had these loans been carried at fair value and included in the fair value hierarchy , $ 28.40 billion and $ 21.40 billion would have been classified in level 2 and level 3 , respectively .as of december 2015 , had these loans been carried at fair value and included in the fair value hierarchy , $ 23.91 billion and $ 21.28 billion would have been classified in level 2 and level 3 , respectively .the firm also extends lending commitments that are held for investment and accounted for on an accrual basis .as of december 2016 and december 2015 , such lending commitments were $ 98.05 billion and $ 93.92 billion , respectively .substantially all of these commitments were extended to corporate borrowers and were primarily related to the firm 2019s relationship lending activities .the carrying value and the estimated fair value of such lending commitments were liabilities of $ 327 million and $ 2.55 billion , respectively , as of december 2016 , and $ 291 million and $ 3.32 billion , respectively , as of december 2015 .as of december 2016 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.10 billion and $ 1.45 billion would have been classified in level 2 and level 3 , respectively .as of december 2015 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.35 billion and $ 1.97 billion would have been classified in level 2 and level 3 , respectively .goldman sachs 2016 form 10-k 147 .
|
what percentage of total loans receivable gross in 2015 were loans backed by commercial real estate?
|
12%
|
{
"answer": "12%",
"decimal": 0.12,
"type": "percentage"
}
| |
d u k e r e a l t y c o r p o r a t i o n 1 6 2 0 0 2 a n n u a l r e p o r t management 2019s discussion and analysis of financial conditionand results of operations the indenture governing the company 2019s unsecured notes also requires the company to comply with financial ratios and other covenants regarding the operations of the company .the company is currently in compliance with all such covenants and expects to remain in compliance in the foreseeable future .in january 2003 , the company completed an issuance of unsecured debt totaling $ 175 million bearing interest at 5.25% ( 5.25 % ) , due 2010 .sale of real estate assets the company utilizes sales of real estate assets as an additional source of liquidity .during 2000 and 2001 , the company engaged in a capital-recycling program that resulted in sales of over $ 1 billion of real estate assets during these two years .in 2002 , this program was substantially reduced as capital needs were met through other sources and the slower business climate provided few opportunities to profitably reinvest sales proceeds .the company continues to pursue opportunities to sell real estate assets when beneficial to the long-term strategy of the company .uses of liquidity the company 2019s principal uses of liquidity include the following : 2022 property investments and recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 the company 2019s common stock repurchase program .property investments and other capital expenditures one of the company 2019s principal uses of its liquidity is for the development , acquisition and recurring leasing/capital expendi- tures of its real estate investments .a summary of the company 2019s recurring capital expenditures is as follows ( in thousands ) : dividends and distributions in order to qualify as a reit for federal income tax purposes , the company must currently distribute at least 90% ( 90 % ) of its taxable income to its shareholders and duke realty limited partnership ( 201cdrlp 201d ) unitholders .the company paid dividends of $ 1.81 , $ 1.76 and $ 1.64 for the years ended december 31 , 2002 , 2001 and 2000 , respectively .the company expects to continue to distribute taxable earnings to meet the requirements to maintain its reit status .however , distributions are declared at the discretion of the company 2019s board of directors and are subject to actual cash available for distribution , the company 2019s financial condition , capital requirements and such other factors as the company 2019s board of directors deems relevant .debt maturities debt outstanding at december 31 , 2002 , totaled $ 2.1 billion with a weighted average interest rate of 6.25% ( 6.25 % ) maturing at various dates through 2028 .the company had $ 1.8 billion of unsecured debt and $ 299.1 million of secured debt outstanding at december 31 , 2002 .scheduled principal amortization of such debt totaled $ 10.9 million for the year ended december 31 , 2002 .following is a summary of the scheduled future amortization and maturities of the company 2019s indebtedness at december 31 , 2002 ( in thousands ) : .
[['', '2002', '2001', '2000'], ['tenant improvements', '$ 28011', '$ 18416', '$ 31955'], ['leasing costs', '17975', '13845', '17530'], ['building improvements', '13373', '10873', '6804'], ['totals', '$ 59359', '$ 43134', '$ 56289']]
.
|
at december 31 , 2002 what was the ratio of the company unsecured debt to the secured debt outstanding
|
6.02
|
{
"answer": "6.02",
"decimal": 6.02,
"type": "float"
}
| |
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. .
|
what was the percent of the change in the weighted average grant date fair value of our restricted stock awards from 2006 to 2007
|
16.97%
|
{
"answer": "16.97%",
"decimal": 0.1697,
"type": "percentage"
}
|
the weighted average grant date fair value of our restricted stock awards increased by 16.97% from 2006 to 2007
|
changes in the fair value of funded and unfunded credit products are classified in principal transactions in citi 2019s consolidated statement of income .related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loan interest depending on the balance sheet classifications of the credit products .the changes in fair value for the years ended december 31 , 2018 and 2017 due to instrument-specific credit risk totaled to a loss of $ 27 million and a gain of $ 10 million , respectively .certain investments in unallocated precious metals citigroup invests in unallocated precious metals accounts ( gold , silver , platinum and palladium ) as part of its commodity and foreign currency trading activities or to economically hedge certain exposures from issuing structured liabilities .under asc 815 , the investment is bifurcated into a debt host contract and a commodity forward derivative instrument .citigroup elects the fair value option for the debt host contract , and reports the debt host contract within trading account assets on the company 2019s consolidated balance sheet .the total carrying amount of debt host contracts across unallocated precious metals accounts was approximately $ 0.4 billion and $ 0.9 billion at december 31 , 2018 and 2017 , respectively .the amounts are expected to fluctuate based on trading activity in future periods .as part of its commodity and foreign currency trading activities , citi trades unallocated precious metals investments and executes forward purchase and forward sale derivative contracts with trading counterparties .when citi sells an unallocated precious metals investment , citi 2019s receivable from its depository bank is repaid and citi derecognizes its investment in the unallocated precious metal .the forward purchase or sale contract with the trading counterparty indexed to unallocated precious metals is accounted for as a derivative , at fair value through earnings .as of december 31 , 2018 , there were approximately $ 13.7 billion and $ 10.3 billion in notional amounts of such forward purchase and forward sale derivative contracts outstanding , respectively .certain investments in private equity and real estate ventures and certain equity method and other investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation .the company has elected the fair value option for certain of these ventures , because such investments are considered similar to many private equity or hedge fund activities in citi 2019s investment companies , which are reported at fair value .the fair value option brings consistency in the accounting and evaluation of these investments .all investments ( debt and equity ) in such private equity and real estate entities are accounted for at fair value .these investments are classified as investments on citigroup 2019s consolidated balance sheet .changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income .citigroup also elected the fair value option for certain non-marketable equity securities whose risk is managed with derivative instruments that are accounted for at fair value through earnings .these securities are classified as trading account assets on citigroup 2019s consolidated balance sheet .changes in the fair value of these securities and the related derivative instruments are recorded in principal transactions .effective january 1 , 2018 under asu 2016-01 and asu 2018-03 , a fair value option election is no longer required to measure these non-marketable equity securities through earnings .see note 1 to the consolidated financial statements for additional details .certain mortgage loans held-for-sale citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans hfs .these loans are intended for sale or securitization and are hedged with derivative instruments .the company has elected the fair value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications .the following table provides information about certain mortgage loans hfs carried at fair value: .
[['in millions of dollars', 'december 312018', 'december 31 2017'], ['carrying amount reported on the consolidated balance sheet', '$ 556', '$ 426'], ['aggregate fair value in excess of ( less than ) unpaid principal balance', '21', '14'], ['balance of non-accrual loans or loans more than 90 days past due', '2014', '2014'], ['aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due', '2014', '2014']]
the changes in the fair values of these mortgage loans are reported in other revenue in the company 2019s consolidated statement of income .there was no net change in fair value during the years ended december 31 , 2018 and 2017 due to instrument-specific credit risk .related interest income continues to be measured based on the contractual interest rates and reported as interest revenue in the consolidated statement of income. .
|
what was the percent of the carrying amount reported on the consolidated balance sheet of certain mortgage loans hfs from 2017 to 2018
|
30.5%
|
{
"answer": "30.5%",
"decimal": 0.305,
"type": "percentage"
}
|
the carrying amount reported on the consolidated balance sheet of certain mortgage loans hfs increased by 30.5 % from 2017 to 2018
|
jpmorgan chase & co./2016 annual report 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .cib 2019s markets businesses represent both fixed income markets and equity markets .the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) .management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges .taxable-equivalent amounts are used where applicable .( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .gaap results to managed basis on page 48 .( c ) prior period amounts were revised to align with cib 2019s markets businesses .for further information on cib 2019s markets businesses , see page 61 .calculation of certain u.s .gaap and non-gaap financial measures certain u.s .gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
[['year ended december 31 ( in millions except rates )', '2016', '2015', '2014'], ['net interest income 2013 managed basis ( a ) ( b )', '$ 47292', '$ 44620', '$ 44619'], ['less : cib markets net interest income ( c )', '6334', '5298', '6032'], ['net interest income excluding cib markets ( a )', '$ 40958', '$ 39322', '$ 38587'], ['average interest-earning assets', '$ 2101604', '$ 2088242', '$ 2049093'], ['less : average cib markets interest-earning assets ( c )', '520307', '510292', '522989'], ['average interest-earning assets excluding cib markets', '$ 1581297', '$ 1577950', '$ 1526104'], ['net interest yield on average interest-earning assets 2013 managed basis', '2.25% ( 2.25 % )', '2.14% ( 2.14 % )', '2.18% ( 2.18 % )'], ['net interest yield on average cib markets interest-earning assets ( c )', '1.22', '1.04', '1.15'], ['net interest yield on average interest-earning assets excluding cib markets', '2.59% ( 2.59 % )', '2.49% ( 2.49 % )', '2.53% ( 2.53 % )']]
jpmorgan chase & co./2016 annual report 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities .cib 2019s markets businesses represent both fixed income markets and equity markets .the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) .management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities .year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges .taxable-equivalent amounts are used where applicable .( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s .gaap results to managed basis on page 48 .( c ) prior period amounts were revised to align with cib 2019s markets businesses .for further information on cib 2019s markets businesses , see page 61 .calculation of certain u.s .gaap and non-gaap financial measures certain u.s .gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
|
what would a 225bp yield be on the 2016 average interest-earning assets , in millions?
|
47286
|
{
"answer": "47286",
"decimal": 47286,
"type": "float"
}
| |
liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : .
[['', '2004', '2003', '2002'], ['cash cash equivalents and short-term investments', '$ 5464', '$ 4566', '$ 4337'], ['accounts receivable net', '$ 774', '$ 766', '$ 565'], ['inventory', '$ 101', '$ 56', '$ 45'], ['working capital', '$ 4375', '$ 3530', '$ 3730'], ['days sales in accounts receivable ( dso ) ( a )', '30', '41', '36'], ['days of supply in inventory ( b )', '5', '4', '4'], ['days payables outstanding ( dpo ) ( c )', '76', '82', '77'], ['annual operating cash flow', '$ 934', '$ 289', '$ 89']]
( a ) dso is based on ending net trade receivables and most recent quarterly net sales for each period .( b ) days supply of inventory is based on ending inventory and most recent quarterly cost of sales for each period .( c ) dpo is based on ending accounts payable and most recent quarterly cost of sales adjusted for the change in inventory .as of september 25 , 2004 , the company had $ 5.464 billion in cash , cash equivalents , and short-term investments , an increase of $ 898 million over the same balances at the end of fiscal 2003 .the principal components of this increase were cash generated by operating activities of $ 934 million and proceeds of $ 427 million from the issuance of common stock under stock plans , partially offset by cash used to repay the company 2019s outstanding debt of $ 300 million and purchases of property , plant , and equipment of $ 176 million .the company 2019s short-term investment portfolio is primarily invested in high credit quality , liquid investments .approximately $ 3.2 billion of this cash , cash equivalents , and short-term investments are held by the company 2019s foreign subsidiaries and would be subject to u.s .income taxation on repatriation to the u.s .the company is currently assessing the impact of the one-time favorable foreign dividend provisions recently enacted as part of the american jobs creation act of 2004 , and may decide to repatriate earnings from some of its foreign subsidiaries .the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , stock repurchase activity , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months .in february 2004 , the company retired $ 300 million of debt outstanding in the form of 6.5% ( 6.5 % ) unsecured notes .the notes were originally issued in 1994 and were sold at 99.9925% ( 99.9925 % ) of par for an effective yield to maturity of 6.51% ( 6.51 % ) .the company currently has no long-term debt obligations .capital expenditures the company 2019s total capital expenditures were $ 176 million during fiscal 2004 , $ 104 million of which were for retail store facilities and equipment related to the company 2019s retail segment and $ 72 million of which were primarily for corporate infrastructure , including information systems enhancements and operating facilities enhancements and expansions .the company currently anticipates it will utilize approximately $ 240 million for capital expenditures during 2005 , approximately $ 125 million of which is expected to be utilized for further expansion of the company 2019s retail segment and the remainder utilized to support normal replacement of existing capital assets and enhancements to general information technology infrastructure. .
|
what was the lowest amount of accounts receivable net , in millions?
|
565
|
{
"answer": "565",
"decimal": 565,
"type": "float"
}
| |
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 change in ending accrued warranty and related cost between 2006 and 2007 , in millions?
|
-54
|
{
"answer": "-54",
"decimal": -54,
"type": "float"
}
| |
net cash used by investing activities in 2013 also included $ 38.2 million for the may 13 , 2013 acquisition of challenger .see note 2 to the consolidated financial statements for information on the challenger acquisition .capital expenditures in 2013 , 2012 and 2011 totaled $ 70.6 million , $ 79.4 million and $ 61.2 million , respectively .capital expenditures in 2013 included continued investments related to the company 2019s execution of its strategic value creation processes around safety , quality , customer connection , innovation and rci initiatives .capital expenditures in all three years included spending to support the company 2019s strategic growth initiatives .in 2013 , the company continued to invest in new product , efficiency , safety and cost reduction initiatives to expand and improve its manufacturing capabilities worldwide .in 2012 , the company completed the construction of a fourth factory in kunshan , china , following the 2011 construction of a new engineering and research and development facility in kunshan .capital expenditures in all three years also included investments , particularly in the united states , in new product , efficiency , safety and cost reduction initiatives , as well as investments in new production and machine tooling to enhance manufacturing operations , and ongoing replacements of manufacturing and distribution equipment .capital spending in all three years also included spending for the replacement and enhancement of the company 2019s global enterprise resource planning ( erp ) management information systems , as well as spending to enhance the company 2019s corporate headquarters and research and development facilities in kenosha , wisconsin .snap-on believes that its cash generated from operations , as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company 2019s capital expenditure requirements in 2014 .financing activities net cash used by financing activities was $ 137.8 million in 2013 , $ 127.0 million in 2012 and $ 293.7 million in 2011 .net cash used by financing activities in 2011 reflects the august 2011 repayment of $ 200 million of unsecured 6.25% ( 6.25 % ) notes upon maturity with available cash .proceeds from stock purchase and option plan exercises totaled $ 29.2 million in 2013 , $ 46.8 million in 2012 and $ 25.7 million in 2011 .snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans , stock options and other corporate purposes .in 2013 , snap-on repurchased 926000 shares of its common stock for $ 82.6 million under its previously announced share repurchase programs .as of 2013 year end , snap-on had remaining availability to repurchase up to an additional $ 191.7 million in common stock pursuant to its board of directors 2019 ( the 201cboard 201d ) authorizations .the purchase of snap-on common stock is at the company 2019s discretion , subject to prevailing financial and market conditions .snap-on repurchased 1180000 shares of its common stock for $ 78.1 million in 2012 ; snap-on repurchased 628000 shares of its common stock for $ 37.4 million in 2011 .snap-on believes that its cash generated from operations , available cash on hand , and funds available from its credit facilities , will be sufficient to fund the company 2019s share repurchases , if any , in 2014 .snap-on has paid consecutive quarterly cash dividends , without interruption or reduction , since 1939 .cash dividends paid in 2013 , 2012 and 2011 totaled $ 92.0 million , $ 81.5 million and $ 76.7 million , respectively .on november 8 , 2013 , the company announced that its board increased the quarterly cash dividend by 15.8% ( 15.8 % ) to $ 0.44 per share ( $ 1.76 per share per year ) .quarterly dividends declared in 2013 were $ 0.44 per share in the fourth quarter and $ 0.38 per share in the first three quarters ( $ 1.58 per share for the year ) .quarterly dividends declared in 2012 were $ 0.38 per share in the fourth quarter and $ 0.34 per share in the first three quarters ( $ 1.40 per share for the year ) .quarterly dividends in 2011 were $ 0.34 per share in the fourth quarter and $ 0.32 per share in the first three quarters ( $ 1.30 per share for the year ) . .
[['', '2013', '2012', '2011'], ['cash dividends paid per common share', '$ 1.58', '$ 1.40', '$ 1.30'], ['cash dividends paid as a percent of prior-year retained earnings', '4.5% ( 4.5 % )', '4.4% ( 4.4 % )', '4.7% ( 4.7 % )']]
cash dividends paid as a percent of prior-year retained earnings 4.5% ( 4.5 % ) 4.4% ( 4.4 % ) snap-on believes that its cash generated from operations , available cash on hand and funds available from its credit facilities will be sufficient to pay dividends in 2014 .off-balance-sheet arrangements except as included below in the section labeled 201ccontractual obligations and commitments 201d and note 15 to the consolidated financial statements , the company had no off-balance-sheet arrangements as of 2013 year end .2013 annual report 49 .
|
what was the average cash dividends paid per common share from 2011 to 2013
|
1.426
|
{
"answer": "1.426",
"decimal": 1.426,
"type": "float"
}
| |
realignment and other 201d expenses .acquisition , integration , realignment and other expenses for the years ended december 31 , 2009 , 2008 and 2007 , included ( in millions ) : .
[['', '2009', '2008', '2007'], ['adjustment or impairment of acquired assets and obligations net', '$ -1.5 ( 1.5 )', '$ -10.4 ( 10.4 )', '$ -1.2 ( 1.2 )'], ['consulting and professional fees', '11.7', '13.2', '1.0'], ['employee severance and retention including share-based compensation acceleration', '19.0', '0.2', '1.6'], ['information technology integration', '1.1', '0.7', '2.6'], ['in-process research & development', '2013', '38.5', '6.5'], ['vacated facilities', '1.4', '2013', '2013'], ['facility and employee relocation', '5.4', '7.5', '2013'], ['distributor acquisitions', '1.1', '6.9', '4.1'], ['certain litigation matters', '23.4', '2013', '2013'], ['contract terminations', '9.4', '5.7', '5.4'], ['other', '4.3', '6.2', '5.2'], ['acquisition integration realignment and other', '$ 75.3', '$ 68.5', '$ 25.2']]
adjustment or impairment of acquired assets and obligations relates to impairment on assets that were acquired in business combinations or adjustments to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period .consulting and professional fees relate to third-party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and include third-party fees related to severance and termination benefits matters .these fees also include legal fees related to litigation matters involving acquired businesses that existed prior to our acquisition or resulted from our acquisition .during 2009 , we commenced a global realignment initiative to focus on business opportunities that best support our strategic priorities .as part of this realignment , we initiated changes in our work force , eliminating positions in some areas and increasing others .approximately 300 employees from across the globe were affected by these actions .as a result of these changes in our work force and headcount reductions from acquisitions , we recorded expense of $ 19.0 million related to severance and other employee termination-related costs .these termination benefits were provided in accordance with our existing or local government policies and are considered ongoing benefits .these costs were accrued when they became probable and estimable and were recorded as part of other current liabilities .the majority of these costs were paid during 2009 .information technology integration relates to the non- capitalizable costs associated with integrating the information systems of acquired businesses .in-process research and development charges for 2008 relate to the acquisition of abbott spine .in-process research and development charges for 2007 relate to the acquisitions of endius and orthosoft .in 2009 , we ceased using certain leased facilities and , accordingly , recorded expense for the remaining lease payments , less estimated sublease recoveries , and wrote-off any assets being used in those facilities .facility and employee relocation relates to costs associated with relocating certain facilities .most notably , we consolidated our legacy european distribution centers into a new distribution center in eschbach , germany .over the past three years we have acquired a number of u.s .and foreign-based distributors .we have incurred various costs related to the acquisition and integration of those businesses .certain litigation matters relate to costs recognized during the year for the estimated or actual settlement of various legal matters , including patent litigation matters , commercial litigation matters and matters arising from our acquisitions of certain competitive distributorships in prior years .we recognize expense for the potential settlement of a legal matter when we believe it is probable that a loss has been incurred and we can reasonably estimate the loss .in 2009 , we made a concerted effort to settle many of these matters to avoid further litigation costs .contract termination costs relate to terminated agreements in connection with the integration of acquired companies .the terminated contracts primarily relate to sales agents and distribution agreements .cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents .the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value .certificates of deposit 2013 we invest in cash deposits with original maturities greater than three months and classify these investments as certificates of deposit on our consolidated balance sheet .the carrying amounts reported in the balance sheet for certificates of deposit are valued at cost , which approximates their fair value .inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis .property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation .depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements and three to eight years for machinery and equipment .maintenance and repairs are expensed as incurred .we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable .an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount .an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value .z i m m e r h o l d i n g s , i n c .2 0 0 9 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c55340 pcn : 043000000 ***%%pcmsg|43 |00008|yes|no|02/24/2010 01:32|0|0|page is valid , no graphics -- color : d| .
|
what is the expense related to severance and other employee termination-related costs as a percentage of the acquisition integration realignment and other expenses in 2009?
|
25.3%
|
{
"answer": "25.3%",
"decimal": 0.253,
"type": "percentage"
}
| |
performance graph the annual changes for the period shown december 1 , 2013 ( when our ordinary shares began trading ) to december 31 , 2017 in the graph on this page are based on the assumption that $ 100 had been invested in allegion plc ordinary shares , the standard & poor 2019s 500 stock index ( "s&p 500" ) and the standard & poor's 400 capital goods index ( "s&p 400 capital goods" ) on december 1 , 2013 , and that all quarterly dividends were reinvested .the total cumulative dollar returns shown on the graph represent the value that such investments would have had on december 31 , 2017 .december 1 , december 31 , december 31 , december 31 , december 31 , december 31 .
[['', 'december 1 2013', 'december 31 2013', 'december 31 2014', 'december 31 2015', 'december 31 2016', 'december 31 2017'], ['allegion plc', '100.00', '102.20', '129.03', '154.37', '150.97', '189.19'], ['s&p 500', '100.00', '102.53', '116.57', '118.18', '132.31', '161.20'], ['s&p 400 capital goods', '100.00', '104.58', '104.84', '99.07', '130.70', '162.97']]
.
|
what is the annualized return for the investment in the allegion plc during 2013-2017?
|
8.95%
|
{
"answer": "8.95%",
"decimal": 0.0895,
"type": "percentage"
}
|
it is the compound interest formula , in which the period is 4 years to transform the accumulated interest into an annual return.\\n
|
the analysis of our depreciation studies .changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use .however , many of our assets are self-constructed .a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .costs that are directly attributable to capital projects ( including overhead costs ) are capitalized .direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment .indirect costs are capitalized if they clearly relate to the construction of the asset .general and administrative expenditures are expensed as incurred .normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized .these costs are allocated using appropriate statistical bases .total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 .assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .12 .accounts payable and other current liabilities dec .31 , dec .31 , millions 2013 2012 .
[['millions', 'dec . 31 2013', 'dec . 312012'], ['accounts payable', '$ 803', '$ 825'], ['income and other taxes payable', '491', '368'], ['accrued wages and vacation', '385', '376'], ['dividends payable', '356', '318'], ['accrued casualty costs', '207', '213'], ['interest payable', '169', '172'], ['equipment rents payable', '96', '95'], ['other', '579', '556'], ['total accounts payable and othercurrent liabilities', '$ 3086', '$ 2923']]
.
|
what was the percentage change in the total accounts payable and other current liabilities
|
5.6%
|
{
"answer": "5.6%",
"decimal": 0.055999999999999994,
"type": "percentage"
}
| |
performance graph the following graph compares the cumulative five-year total return provided shareholders on our class a common stock relative to the cumulative total returns of the s&p 500 index and two customized peer groups .the old peer group includes intercontinentalexchange , inc. , nyse euronext and the nasdaq omx group inc .the new peer group is the same as the old peer group with the addition of cboe holdings , inc .which completed its initial public offering in june 2010 .an investment of $ 100 ( with reinvestment of all dividends ) is assumed to have been made in our class a common stock , in the peer groups and the s&p 500 index on december 31 , 2005 and its relative performance is tracked through december 31 , 2010 .comparison of 5 year cumulative total return* among cme group inc. , the s&p 500 index , an old peer group and a new peer group 12/05 12/06 12/07 12/08 12/09 12/10 cme group inc .s&p 500 old peer group *$ 100 invested on 12/31/05 in stock or index , including reinvestment of dividends .fiscal year ending december 31 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .new peer group the stock price performance included in this graph is not necessarily indicative of future stock price performance .
[['', '2006', '2007', '2008', '2009', '2010'], ['cme group inc .', '$ 139.48', '$ 188.81', '$ 58.66', '$ 96.37', '$ 93.73'], ['s&p 500', '115.80', '122.16', '76.96', '97.33', '111.99'], ['old peer group', '155.58', '190.78', '72.25', '76.11', '87.61'], ['new peer group', '155.58', '190.78', '72.25', '76.11', '87.61']]
.
|
what was the percentual return for s&p 500 in the first year?
|
15.8%
|
{
"answer": "15.8%",
"decimal": 0.158,
"type": "percentage"
}
|
its the percentage of the difference between the initial $ 100 and the final $ 115
|
notes to consolidated financial statements derivatives with credit-related contingent features certain of the firm 2019s derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firm 2019s credit ratings .the firm assesses the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies .a downgrade by any one rating agency , depending on the agency 2019s relative ratings of the firm at the time of the downgrade , may have an impact which is comparable to the impact of a downgrade by all rating agencies .the table below presents the aggregate fair value of net derivative liabilities under such agreements ( excluding application of collateral posted to reduce these liabilities ) , the related aggregate fair value of the assets posted as collateral , and the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in the firm 2019s credit ratings. .
[['$ in millions', 'as of december 2014', 'as of december 2013'], ['net derivative liabilities under bilateral agreements', '$ 35764', '$ 22176'], ['collateral posted', '30824', '18178'], ['additional collateral or termination payments for a one-notch downgrade', '1072', '911'], ['additional collateral or termination payments for a two-notch downgrade', '2815', '2989']]
additional collateral or termination payments for a one-notch downgrade 1072 911 additional collateral or termination payments for a two-notch downgrade 2815 2989 credit derivatives the firm enters into a broad array of credit derivatives in locations around the world to facilitate client transactions and to manage the credit risk associated with market- making and investing and lending activities .credit derivatives are actively managed based on the firm 2019s net risk position .credit derivatives are individually negotiated contracts and can have various settlement and payment conventions .credit events include failure to pay , bankruptcy , acceleration of indebtedness , restructuring , repudiation and dissolution of the reference entity .credit default swaps .single-name credit default swaps protect the buyer against the loss of principal on one or more bonds , loans or mortgages ( reference obligations ) in the event the issuer ( reference entity ) of the reference obligations suffers a credit event .the buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract .if there is no credit event , as defined in the contract , the seller of protection makes no payments to the buyer of protection .however , if a credit event occurs , the seller of protection is required to make a payment to the buyer of protection , which is calculated in accordance with the terms of the contract .credit indices , baskets and tranches .credit derivatives may reference a basket of single-name credit default swaps or a broad-based index .if a credit event occurs in one of the underlying reference obligations , the protection seller pays the protection buyer .the payment is typically a pro-rata portion of the transaction 2019s total notional amount based on the underlying defaulted reference obligation .in certain transactions , the credit risk of a basket or index is separated into various portions ( tranches ) , each having different levels of subordination .the most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches , any excess loss is covered by the next most senior tranche in the capital structure .total return swaps .a total return swap transfers the risks relating to economic performance of a reference obligation from the protection buyer to the protection seller .typically , the protection buyer receives from the protection seller a floating rate of interest and protection against any reduction in fair value of the reference obligation , and in return the protection seller receives the cash flows associated with the reference obligation , plus any increase in the fair value of the reference obligation .132 goldman sachs 2014 annual report .
|
what was the percentage change in collateral posted between 2013 and 2014?
|
70%
|
{
"answer": "70%",
"decimal": 0.7,
"type": "percentage"
}
|
collateral posted grew substantially more than the underlying agreements .
|
performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. .
[['', '12/12', '12/13', '12/14', '12/15', '12/16', '12/17'], ['royal caribbean cruises ltd .', '100.00', '142.11', '251.44', '313.65', '260.04', '385.47'], ['s&p 500', '100.00', '132.39', '150.51', '152.59', '170.84', '208.14'], ['dow jones us travel & leisure', '100.00', '145.48', '169.28', '179.27', '192.85', '238.77']]
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
|
what is the mathematical mean for all three investments as of dec 31 , 2017?
|
277.46
|
{
"answer": "277.46",
"decimal": 277.46,
"type": "float"
}
|
average
|
llc 201d ) , that will focus on the deployment of a nationwide 4g wire- less network .we , together with the other members of the investor group , have invested $ 3.2 billion in clearwire llc .our portion of the investment was $ 1.05 billion .as a result of our investment , we received ownership units ( 201cownership units 201d ) of clearwire llc and class b stock ( 201cvoting stock 201d ) of clearwire corporation , the pub- licly traded holding company that controls clearwire llc .the voting stock has voting rights equal to those of the publicly traded class a stock of clearwire corporation , but has only minimal economic rights .we hold our economic rights through the owner- ship units , which have limited voting rights .one ownership unit combined with one share of voting stock are exchangeable into one share of clearwire corporation 2019s publicly traded class a stock .at closing , we received 52.5 million ownership units and 52.5 million shares of voting stock , which represents an approx- imate 7% ( 7 % ) ownership interest on a fully diluted basis .during the first quarter of 2009 , the purchase price per share is expected to be adjusted based on the trading prices of clearwire corporation 2019s publicly traded class a stock .after the post-closing adjustment , we anticipate that we will have an approximate 8% ( 8 % ) ownership interest on a fully diluted basis .in connection with the clearwire transaction , we entered into an agreement with sprint that allows us to offer wireless services utilizing certain of sprint 2019s existing wireless networks and an agreement with clearwire llc that allows us to offer wireless serv- ices utilizing clearwire 2019s next generation wireless broadband network .we allocated a portion of our $ 1.05 billion investment to the related agreements .we will account for our investment under the equity method and record our share of net income or loss one quarter in arrears .clearwire llc is expected to incur losses in the early years of operation , which under the equity method of accounting , will be reflected in our future operating results and reduce the cost basis of our investment .we evaluated our investment at december 31 , 2008 to determine if an other than temporary decline in fair value below our cost basis had occurred .the primary input in estimating the fair value of our investment was the quoted market value of clearwire publicly traded class a shares at december 31 , 2008 , which declined significantly from the date of our initial agreement in may 2008 .as a result of the severe decline in the quoted market value , we recognized an impairment in other income ( expense ) of $ 600 million to adjust our cost basis in our investment to its esti- mated fair value .in the future , our evaluation of other than temporary declines in fair value of our investment will include a comparison of actual operating results and updated forecasts to the projected discounted cash flows that were used in making our initial investment decision , other impairment indicators , such as changes in competition or technology , as well as a comparison to the value that would be obtained by exchanging our investment into clearwire corporation 2019s publicly traded class a shares .cost method airtouch communications , inc .we hold two series of preferred stock of airtouch communica- tions , inc .( 201cairtouch 201d ) , a subsidiary of vodafone , which are redeemable in april 2020 .as of december 31 , 2008 and 2007 , the airtouch preferred stock was recorded at $ 1.479 billion and $ 1.465 billion , respectively .as of december 31 , 2008 , the estimated fair value of the airtouch preferred stock was $ 1.357 billion , which is below our carrying amount .the recent decline in fair value is attributable to changes in interest rates .we have determined this decline to be temporary .the factors considered were the length of time and the extent to which the market value has been less than cost , the credit rating of airtouch , and our intent and ability to retain the investment for a period of time sufficient to allow for recovery .specifically , we expect to hold the two series of airtouch preferred stock until their redemption in 2020 .the dividend and redemption activity of the airtouch preferred stock determines the dividend and redemption payments asso- ciated with substantially all of the preferred shares issued by one of our consolidated subsidiaries , which is a vie .the subsidiary has three series of preferred stock outstanding with an aggregate redemption value of $ 1.750 billion .substantially all of the preferred shares are redeemable in april 2020 at a redemption value of $ 1.650 billion .as of december 31 , 2008 and 2007 , the two redeemable series of subsidiary preferred shares were recorded at $ 1.468 billion and $ 1.465 billion , respectively , and those amounts are included in other noncurrent liabilities .the one nonredeemable series of subsidiary preferred shares was recorded at $ 100 million as of both december 31 , 2008 and 2007 and those amounts are included in minority interest on our consolidated balance sheet .investment income ( loss ) , net .
[['year ended december 31 ( in millions )', '2008', '2007', '2006'], ['gains on sales and exchanges of investments net', '$ 8', '$ 151', '$ 733'], ['investment impairment losses', '-28 ( 28 )', '-4 ( 4 )', '-4 ( 4 )'], ['unrealized gains ( losses ) on trading securities and hedged items', '-1117 ( 1117 )', '315', '339'], ['mark to market adjustments on derivatives related to trading securities and hedged items', '1120', '-188 ( 188 )', '-238 ( 238 )'], ['mark to market adjustments on derivatives', '57', '160', '-18 ( 18 )'], ['interest and dividend income', '149', '199', '212'], ['other', '-100 ( 100 )', '-32 ( 32 )', '-34 ( 34 )'], ['investment income ( loss ) net', '$ 89', '$ 601', '$ 990']]
55 comcast 2008 annual report on form 10-k .
|
what was the percentage change in investment income ( loss ) net from 2006 to 2007?
|
-389
|
{
"answer": "-389",
"decimal": -389,
"type": "float"
}
| |
during 2014 , $ 91 million of provision recapture was recorded for purchased impaired loans compared to $ 11 million of provision expense for 2013 .the charge-offs ( which were specifically for commercial loans greater than a defined threshold ) during 2014 were $ 42 million compared to $ 104 million for 2013 .at december 31 , 2014 , the allowance for loan and lease losses was $ .9 billion on $ 4.4 billion of purchased impaired loans while the remaining $ .5 billion of purchased impaired loans required no allowance as the net present value of expected cash flows equaled or exceeded the recorded investment .as of december 31 , 2013 , the allowance for loan and lease losses related to purchased impaired loans was $ 1.0 billion .if any allowance for loan losses is recognized on a purchased impaired pool , which is accounted for as a single asset , the entire balance of that pool would be disclosed as requiring an allowance .subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded allowance for loan and lease losses , to the extent applicable , and/or a reclassification from non-accretable difference to accretable yield , which will be recognized prospectively .individual loan transactions where final dispositions have occurred ( as noted above ) result in removal of the loans from their applicable pools for cash flow estimation purposes .the cash flow re-estimation process is completed quarterly to evaluate the appropriateness of the allowance associated with the purchased impaired loans .activity for the accretable yield during 2014 and 2013 follows : table 72 : purchased impaired loans 2013 accretable yield .
[['in millions', '2014', '2013'], ['january 1', '$ 2055', '$ 2166'], ['accretion ( including excess cash recoveries )', '-587 ( 587 )', '-695 ( 695 )'], ['net reclassifications to accretable from non-accretable ( a )', '208', '613'], ['disposals', '-118 ( 118 )', '-29 ( 29 )'], ['december 31', '$ 1558', '$ 2055']]
( a ) approximately 93% ( 93 % ) of net reclassifications for the year ended december 31 , 2014 were within the commercial portfolio as compared to 37% ( 37 % ) for year ended december 31 , 2013 .note 5 allowances for loan and lease losses and unfunded loan commitments and letters of credit allowance for loan and lease losses we maintain the alll at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date .we use the two main portfolio segments 2013 commercial lending and consumer lending 2013 and develop and document the alll under separate methodologies for each of these segments as discussed in note 1 accounting policies .a rollforward of the alll and associated loan data is presented below .the pnc financial services group , inc .2013 form 10-k 143 .
|
what was the dollar amount in millions for net reclassifications for the year ended december 31 , 2013 due to the commercial portfolio?
|
760.35
|
{
"answer": "760.35",
"decimal": 760.35,
"type": "float"
}
| |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis other principal transactions revenues in the consolidated statements of earnings were $ 3.20 billion for 2016 , 36% ( 36 % ) lower than 2015 , primarily due to significantly lower revenues from investments in equities , primarily reflecting a significant decrease in net gains from private equities , driven by company-specific events and corporate performance .in addition , revenues in debt securities and loans were significantly lower compared with 2015 , reflecting significantly lower revenues related to relationship lending activities , due to the impact of changes in credit spreads on economic hedges .losses related to these hedges were $ 596 million in 2016 , compared with gains of $ 329 million in 2015 .this decrease was partially offset by higher net gains from investments in debt instruments .see note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities .net interest income .net interest income in the consolidated statements of earnings was $ 2.59 billion for 2016 , 16% ( 16 % ) lower than 2015 , reflecting an increase in interest expense primarily due to the impact of higher interest rates on other interest-bearing liabilities , interest- bearing deposits and collateralized financings , and increases in total average long-term borrowings and total average interest-bearing deposits .the increase in interest expense was partially offset by higher interest income related to collateralized agreements , reflecting the impact of higher interest rates , and loans receivable , reflecting an increase in total average balances and the impact of higher interest rates .see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income .operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity .compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits .discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment .in addition , see 201cuse of estimates 201d for further information about expenses that may arise from litigation and regulatory proceedings .in the context of the challenging environment , we completed an initiative during 2016 that identified areas where we can operate more efficiently , resulting in a reduction of approximately $ 900 million in annual run rate compensation .for 2016 , net savings from this initiative , after severance and other related costs , were approximately $ 500 million .the table below presents our operating expenses and total staff ( including employees , consultants and temporary staff ) . .
[['$ in millions', 'year ended december 2017', 'year ended december 2016', 'year ended december 2015'], ['compensation and benefits', '$ 11853', '$ 11647', '$ 12678'], ['brokerage clearing exchangeand distribution fees', '2540', '2555', '2576'], ['market development', '588', '457', '557'], ['communications and technology', '897', '809', '806'], ['depreciation and amortization', '1152', '998', '991'], ['occupancy', '733', '788', '772'], ['professional fees', '965', '882', '963'], ['other expenses', '2213', '2168', '5699'], ['totalnon-compensationexpenses', '9088', '8657', '12364'], ['total operating expenses', '$ 20941', '$ 20304', '$ 25042'], ['total staff atperiod-end', '36600', '34400', '36800']]
in the table above , other expenses for 2015 included $ 3.37 billion recorded for the settlement agreement with the rmbs working group .see note 27 to the consolidated financial statements in part ii , item 8 of our annual report on form 10-k for the year ended december 31 , 2015 for further information .2017 versus 2016 .operating expenses in the consolidated statements of earnings were $ 20.94 billion for 2017 , 3% ( 3 % ) higher than 2016 .compensation and benefits expenses in the consolidated statements of earnings were $ 11.85 billion for 2017 , 2% ( 2 % ) higher than 2016 .the ratio of compensation and benefits to net revenues for 2017 was 37.0% ( 37.0 % ) compared with 38.1% ( 38.1 % ) for 2016 .non-compensation expenses in the consolidated statements of earnings were $ 9.09 billion for 2017 , 5% ( 5 % ) higher than 2016 , primarily driven by our investments to fund growth .the increase compared with 2016 reflected higher expenses related to consolidated investments and our digital lending and deposit platform , marcus : by goldman sachs ( marcus ) .these increases were primarily included in depreciation and amortization expenses , market development expenses and other expenses .in addition , technology expenses increased , reflecting higher expenses related to cloud-based services and software depreciation , and professional fees increased , primarily related to consulting costs .these increases were partially offset by lower net provisions for litigation and regulatory proceedings , and lower occupancy expenses ( primarily related to exit costs in 2016 ) .net provisions for litigation and regulatory proceedings for 2017 were $ 188 million compared with $ 396 million for 2016 .2017 included a $ 127 million charitable contribution to goldman sachs gives , our donor-advised fund .compensation was reduced to fund this charitable contribution to goldman sachs gives .we ask our participating managing directors to make recommendations regarding potential charitable recipients for this contribution .54 goldman sachs 2017 form 10-k .
|
what portion of total operating expenses is related to compensation and benefits in 2016?
|
57.4%
|
{
"answer": "57.4%",
"decimal": 0.574,
"type": "percentage"
}
| |
expected term 2014 the company uses historical employee exercise and option expiration data to estimate the expected term assumption for the black-scholes grant-date valuation .the company believes that this historical data is currently the best estimate of the expected term of a new option , and that generally its employees exhibit similar exercise behavior .risk-free interest rate 2014 the yield on zero-coupon u.s .treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate .expected dividend yield 2014 expected dividend yield is calculated by annualizing the cash dividend declared by the company 2019s board of directors for the current quarter and dividing that result by the closing stock price on the date of grant .until such time as the company 2019s board of directors declares a cash dividend for an amount that is different from the current quarter 2019s cash dividend , the current dividend will be used in deriving this assumption .cash dividends are not paid on options , restricted stock or restricted stock units .in connection with the acquisition , the company granted restricted stock awards to replace outstanding restricted stock awards of linear employees .these restricted stock awards entitle recipients to voting and nonforfeitable dividend rights from the date of grant .stock-based compensation expensexp p the amount of stock-based compensation expense recognized during a period is based on the value of the awards that are ultimately expected to vest .forfeitures are estimated at the time of grant and revised , if necessary , in subsequent periods if actual forfeitures differ from those estimates .the term 201cforfeitures 201d is distinct from 201ccancellations 201d or 201cexpirations 201d and represents only the unvested portion of the surrendered stock-based award .based on an analysis of its historical forfeitures , the company has applied an annual forfeitureff rate of 5.0% ( 5.0 % ) to all unvested stock-based awards as of november 2 , 2019 .this analysis will be re-evaluated quarterly and the forfeiture rate will be adjusted as necessary .ultimately , the actual expense recognized over the vesting period will only be for those awards that vest .total stock-based compensation expense recognized is as follows: .
[['', '2019', '2018', '2017'], ['cost of sales', '$ 20628', '$ 18733', '$ 12569'], ['research and development', '75305', '81444', '51258'], ['selling marketing general and administrative', '51829', '50988', '40361'], ['special charges', '2538', '2014', '2014'], ['total stock-based compensation expense', '$ 150300', '$ 151165', '$ 104188']]
as of november 2 , 2019 and november 3 , 2018 , the company capitalized $ 6.8 million and $ 7.1 million , respectively , of stock-based compensation in inventory .additional paid-in-capital ( apic ) pp poolp p ( ) the company adopted asu 2016-09 during fiscal 2018 .asu 2016-09 eliminated the apic pool and requires that excess tax benefits and tax deficiencies be recorded in the income statement when awards are settled .as a result of this adoption the company recorded total excess tax benefits of $ 28.7 million and $ 26.2 million in fiscal 2019 and fiscal 2018 , respectively , from its stock-based compensation payments within income tax expense in its consolidated statements of income .for fiscal 2017 , the apic pool represented the excess tax benefits related to stock-based compensation that were available to absorb future tax deficiencies .if the amount of future tax deficiencies was greater than the available apic pool , the company recorded the excess as income tax expense in its consolidated statements of income .for fiscal 2017 , the company had a sufficient apic pool to cover any tax deficiencies recorded and as a result , these deficiencies did not affect its results of operations .analog devices , inc .notes to consolidated financial statements 2014 ( continued ) .
|
what is the growth rate in the cost of sales in 2019?
|
10.1%
|
{
"answer": "10.1%",
"decimal": 0.10099999999999999,
"type": "percentage"
}
| |
year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december 31 , 2004 and 2003 are set forth below : for the year ended december 31 , ( in millions ) 2004 2003 change .
[['( in millions )', 'for the year ended december 31 , 2004', 'for the year ended december 31 , 2003', 'change'], ['net sales', '$ 1890.1', '$ 1735.5', '$ 154.6'], ['income before interest and taxes', '$ 140.5', '$ 96.9', '$ 43.6'], ['interest expense net', '-29.6 ( 29.6 )', '-121.8 ( 121.8 )', '92.2'], ['income ( loss ) before taxes', '110.9', '-24.9 ( 24.9 )', '135.8'], ['( provision ) benefit for income taxes', '-42.2 ( 42.2 )', '10.5', '-52.7 ( 52.7 )'], ['net income ( loss )', '$ 68.7', '$ -14.4 ( 14.4 )', '$ 83.1']]
net sales net sales increased by $ 154.6 million , or 8.9% ( 8.9 % ) , for the year ended december 31 , 2004 from the year ended december 31 , 2003 .net sales increased due to improved sales volumes and prices of corrugated products and containerboard compared to 2003 .total corrugated products volume sold increased 6.6% ( 6.6 % ) to 29.9 billion square feet in 2004 compared to 28.1 billion square feet in 2003 .on a comparable shipment-per-workday basis , corrugated products sales volume increased 7.0% ( 7.0 % ) in 2004 from 2003 .excluding pca 2019s acquisition of acorn in february 2004 , corrugated products volume was 5.3% ( 5.3 % ) higher in 2004 than 2003 and up 5.8% ( 5.8 % ) compared to 2003 on a shipment-per-workday basis .shipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year .the larger percentage increase was due to the fact that 2004 had one less workday ( 251 days ) , those days not falling on a weekend or holiday , than 2003 ( 252 days ) .containerboard sales volume to external domestic and export customers increased 6.8% ( 6.8 % ) to 475000 tons for the year ended december 31 , 2004 from 445000 tons in 2003 .income before interest and taxes income before interest and taxes increased by $ 43.6 million , or 45.1% ( 45.1 % ) , for the year ended december 31 , 2004 compared to 2003 .included in income before interest and taxes for the year ended december 31 , 2004 is income of $ 27.8 million , net of expenses , attributable to a dividend paid to pca by stv , the timberlands joint venture in which pca owns a 311 20443% ( 20443 % ) ownership interest .included in income before interest and taxes for the year ended december 31 , 2003 is a $ 3.3 million charge for fees and expenses related to the company 2019s debt refinancing which was completed in july 2003 , and a fourth quarter charge of $ 16.0 million to settle certain benefits related matters with pactiv corporation dating back to april 12 , 1999 when pca became a stand-alone company , as described below .during the fourth quarter of 2003 , pactiv notified pca that we owed pactiv additional amounts for hourly pension benefits and workers 2019 compensation liabilities dating back to april 12 , 1999 .a settlement of $ 16.0 million was negotiated between pactiv and pca in december 2003 .the full amount of the settlement was accrued in the fourth quarter of 2003 .excluding these special items , operating income decreased $ 3.4 million in 2004 compared to 2003 .the $ 3.4 million decrease in income before interest and taxes was primarily attributable to increased energy and transportation costs ( $ 19.2 million ) , higher recycled and wood fiber costs ( $ 16.7 million ) , increased salary expenses related to annual increases and new hires ( $ 5.7 million ) , and increased contractual hourly labor costs ( $ 5.6 million ) , which was partially offset by increased sales volume and sales prices ( $ 44.3 million ) . .
|
( in millions ) for 2004 and 2003 what were total net sales?
|
3625.6
|
{
"answer": "3625.6",
"decimal": 3625.6,
"type": "float"
}
| |
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 .total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
[['', 'total number ofshares ( or units ) purchased1', 'average price paidper share ( or unit ) 2', 'total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3', 'maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3'], ['october 1 - 31', '2140511', '$ 20.54', '2139507', '$ 227368014'], ['november 1 - 30', '1126378', '$ 22.95', '1124601', '$ 201557625'], ['december 1 - 31', '1881992', '$ 22.97', '1872650', '$ 158553178'], ['total', '5148881', '$ 21.96', '5136758', '']]
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 .2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) .on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program .there is no expiration date associated with the share repurchase programs. .
|
what is the total cash used for the repurchase of shares during october , ( in millions ) ?
|
44.0
|
{
"answer": "44.0",
"decimal": 44,
"type": "float"
}
| |
the hartford financial services group , inc .notes to consolidated financial statements ( continued ) 5 .investments and derivative instruments ( continued ) collateral arrangements the company enters into various collateral arrangements in connection with its derivative instruments , which require both the pledging and accepting of collateral .as of december 31 , 2011 and 2010 , collateral pledged having a fair value of $ 1.1 billion and $ 790 , respectively , was included in fixed maturities , afs , in the consolidated balance sheets .from time to time , the company enters into secured borrowing arrangements as a means to increase net investment income .the company received cash collateral of $ 33 as of december 31 , 2011 and 2010 .the following table presents the classification and carrying amount of loaned securities and derivative instruments collateral pledged. .
[['', 'december 31 2011', 'december 31 2010'], ['fixed maturities afs', '$ 1086', '$ 823'], ['short-term investments', '199', '2014'], ['total collateral pledged', '$ 1285', '$ 823']]
as of december 31 , 2011 and 2010 , the company had accepted collateral with a fair value of $ 2.6 billion and $ 1.5 billion , respectively , of which $ 2.0 billion and $ 1.1 billion , respectively , was cash collateral which was invested and recorded in the consolidated balance sheets in fixed maturities and short-term investments with corresponding amounts recorded in other assets and other liabilities .the company is only permitted by contract to sell or repledge the noncash collateral in the event of a default by the counterparty .as of december 31 , 2011 and 2010 , noncash collateral accepted was held in separate custodial accounts and was not included in the company 2019s consolidated balance sheets .securities on deposit with states the company is required by law to deposit securities with government agencies in states where it conducts business .as of december 31 , 2011 and 2010 , the fair value of securities on deposit was approximately $ 1.6 billion and $ 1.4 billion , respectively. .
|
what is the change in fair value of securities on deposits from 2010 to 2011 , ( in billions ) ?
|
0.2
|
{
"answer": "0.2",
"decimal": 0.2,
"type": "float"
}
| |
future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2015 , and thereafter in the aggregate , are as follows ( in millions ) : .
[['2011', '$ 65.1'], ['2012', '47.6'], ['2013', '35.7'], ['2014', '27.8'], ['2015', '24.3'], ['thereafter', '78.1'], ['total', '$ 278.6']]
in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.3 million per year which renew on a short-term basis .rent expense incurred under all operating leases during the years ended december 31 , 2010 , 2009 and 2008 was $ 116.1 million , $ 100.2 million and $ 117.0 million , respectively .included in discontinued operations in the consolidated statements of earnings was rent expense of $ 2.0 million , $ 1.8 million and $ 17.0 million for the years ended december 31 , 2010 , 2009 and 2008 , respectively .data processing and maintenance services agreements .the company has agreements with various vendors , which expire between 2011 and 2017 , for portions of its computer data processing operations and related functions .the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 554.3 million as of december 31 , 2010 .however , this amount could be more or less depending on various factors such as the inflation rate , foreign exchange rates , the introduction of significant new technologies , or changes in the company 2019s data processing needs .( 16 ) employee benefit plans stock purchase plan fis employees participate in an employee stock purchase plan ( espp ) .eligible employees may voluntarily purchase , at current market prices , shares of fis 2019 common stock through payroll deductions .pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions .shares purchased are allocated to employees based upon their contributions .the company contributes varying matching amounts as specified in the espp .the company recorded an expense of $ 14.3 million , $ 12.4 million and $ 14.3 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the espp .included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.0 million for the years ended december 31 , 2009 and 2008 , respectively .401 ( k ) profit sharing plan the company 2019s employees are covered by a qualified 401 ( k ) plan .eligible employees may contribute up to 40% ( 40 % ) of their pretax annual compensation , up to the amount allowed pursuant to the internal revenue code .the company generally matches 50% ( 50 % ) of each dollar of employee contribution up to 6% ( 6 % ) of the employee 2019s total eligible compensation .the company recorded expense of $ 23.1 million , $ 16.6 million and $ 18.5 million , respectively , for the years ended december 31 , 2010 , 2009 and 2008 , relating to the participation of fis employees in the 401 ( k ) plan .included in discontinued operations in the consolidated statements of earnings was expense of $ 0.1 million and $ 3.9 million for the years ended december 31 , 2009 and 2008 , respectively .fidelity national information services , inc .and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : g26369 pcn : 083000000 ***%%pcmsg|83 |00006|yes|no|03/28/2011 17:32|0|0|page is valid , no graphics -- color : n| .
|
what is the increase in rent expense from 2008 to 2009?
|
-14.4%
|
{
"answer": "-14.4%",
"decimal": -0.14400000000000002,
"type": "percentage"
}
| |
backlog applied manufactures systems to meet demand represented by order backlog and customer commitments .backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months .backlog by reportable segment as of october 25 , 2015 and october 26 , 2014 was as follows : 2015 2014 ( in millions , except percentages ) .
[['', '2015', '2014', '', '( in millions except percentages )'], ['silicon systems', '$ 1720', '55% ( 55 % )', '$ 1400', '48% ( 48 % )'], ['applied global services', '812', '26% ( 26 % )', '775', '27% ( 27 % )'], ['display', '525', '16% ( 16 % )', '593', '20% ( 20 % )'], ['energy and environmental solutions', '85', '3% ( 3 % )', '149', '5% ( 5 % )'], ['total', '$ 3142', '100% ( 100 % )', '$ 2917', '100% ( 100 % )']]
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or order cancellations .customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties .delays in delivery schedules or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations .manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies that are used to manufacture systems .applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including germany , israel , italy , singapore , taiwan , the united states and other countries in asia .applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products , including some systems being completed at customer sites .although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible .accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers .applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by selecting and qualifying alternate suppliers for key parts ; monitoring the financial condition of key suppliers ; maintaining appropriate inventories of key parts ; qualifying new parts on a timely basis ; and ensuring quality and performance of parts. .
|
what is the growth rate in the segment of display from 2014 to 2015?
|
-11.5%
|
{
"answer": "-11.5%",
"decimal": -0.115,
"type": "percentage"
}
| |
based on the foregoing evaluation of management performance , the personnel committee approved the following annual incentive plan payouts to each named executive officer for 2017 : named executive officer base salary target as percentage of base salary payout as percentage of target 2017 annual incentive award .
[['named executive officer', 'base salary', 'target as percentage of base salary', 'payout as percentage of target', '2017 annualincentive award'], ['a . christopher bakken iii', '$ 620125', '70% ( 70 % )', '129% ( 129 % )', '$ 559973'], ['marcus v . brown', '$ 630000', '70% ( 70 % )', '129% ( 129 % )', '$ 568890'], ['leo p . denault', '$ 1230000', '135% ( 135 % )', '129% ( 129 % )', '$ 2142045'], ['haley r . fisackerly', '$ 355300', '40% ( 40 % )', '119% ( 119 % )', '$ 169123'], ['andrew s . marsh', '$ 600000', '70% ( 70 % )', '129% ( 129 % )', '$ 541800'], ['phillip r . may jr .', '$ 366150', '60% ( 60 % )', '137% ( 137 % )', '$ 300000'], ['sallie t . rainer', '$ 328275', '40% ( 40 % )', '119% ( 119 % )', '$ 156259'], ['charles l . rice jr .', '$ 286424', '40% ( 40 % )', '79% ( 79 % )', '$ 91000'], ['richard c . riley', '$ 344200', '40% ( 40 % )', '204% ( 204 % )', '$ 280661'], ['roderick k . west', '$ 675598', '70% ( 70 % )', '129% ( 129 % )', '$ 610065']]
nuclear retention plan mr . a0bakken participates in the nuclear retention plan , a retention plan for officers and other leaders with expertise in the nuclear industry .the personnel committee authorized this plan to attract and retain key management and employee talent in the nuclear power field , a field that requires unique technical and other expertise that is in great demand in the utility industry .the plan provides for bonuses to be paid annually over a three-year employment period with the bonus opportunity dependent on the participant 2019s management level and continued employment .each annual payment is equal to an amount ranging from 15% ( 15 % ) to 30% ( 30 % ) of the employee 2019s base salary as of their date of enrollment in the plan .mr . a0bakken 2019s participation in the plan commenced in may 2016 and in accordance with the terms and conditions of the plan , in may 2017 , 2018 , and 2019 , subject to his continued employment , mr . a0bakken will receive a cash bonus equal to 30% ( 30 % ) of his base salary as of may a01 , 2016 .this plan does not allow for accelerated or prorated payout upon termination of any kind .the three-year coverage period and percentage of base salary payable under the plan are consistent with the terms of participation of other senior nuclear officers who participate in this plan .in may 2017 , mr .bakken received a cash bonus of $ 181500 which equaled 30% ( 30 % ) of his may a01 , 2016 , base salary of $ 605000 .long-term incentive compensation entergy corporation 2019s goal for its long-term incentive compensation is to focus the executive officers on building shareholder value and to increase the executive officers 2019 ownership of entergy corporation 2019s common stock in order to more closely align their interest with those of entergy corporation 2019s shareholders .in its long-term incentive compensation programs , entergy corporation uses a mix of performance units , restricted stock , and stock options .performance units are used to deliver more than a majority of the total target long-term incentive awards .for periods through the end of 2017 , performance units reward the named executive officers on the basis of total shareholder return , which is a measure of stock price appreciation and dividend payments , in relation to the companies in the philadelphia utility index .beginning with the 2018-2020 performance period , a cumulative utility earnings metric has been added to the long-term performance unit program to supplement the relative total shareholder return measure that historically has been used in this program with each measure equally weighted .restricted stock ties the executive officers 2019 long-term financial interest to the long-term financial interests of entergy corporation 2019s shareholders .stock options provide a direct incentive to increase the value of entergy corporation 2019s common stock .in general , entergy corporation seeks to allocate the total value of long-term incentive compensation 60% ( 60 % ) to performance units and 40% ( 40 % ) to a combination of stock options and restricted stock , equally divided in value , based on the value the compensation model seeks to deliver .awards for individual named executive officers may vary from this target as a result of individual performance , promotions , and internal pay equity .the performance units for the 2015-2017 performance period were awarded under the 2011 equity ownership plan and long-term cash incentive plan ( the 201c2011 equity ownership plan 201d ) and the performance units for the .
|
what is the difference between the highest and the lowest base salary?
|
943576
|
{
"answer": "943576",
"decimal": 943576,
"type": "float"
}
| |
recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities , pnc has sold commercial mortgage , residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement .one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets .commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program .we participated in a similar program with the fhlmc .under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement .at december 31 , 2013 and december 31 , 2012 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 11.7 billion and $ 12.8 billion , respectively .the potential maximum exposure under the loss share arrangements was $ 3.6 billion at december 31 , 2013 and $ 3.9 billion at december 31 , 2012 .we maintain a reserve for estimated losses based upon our exposure .the reserve for losses under these programs totaled $ 33 million and $ 43 million as of december 31 , 2013 and december 31 , 2012 , respectively , and is included in other liabilities on our consolidated balance sheet .if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses .our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment .table 152 : analysis of commercial mortgage recourse obligations .
[['in millions', '2013', '2012'], ['january 1', '$ 43', '$ 47'], ['reserve adjustments net', '-9 ( 9 )', '4'], ['losses 2013 loan repurchases and settlements', '-1 ( 1 )', '-8 ( 8 )'], ['december 31', '$ 33', '$ 43']]
residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors .these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements .for additional information on loan sales see note 3 loan sale and servicing activities and variable interest entities .our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal .repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment .in the fourth quarter of 2013 , pnc reached agreements with both fnma and fhlmc to resolve their repurchase claims with respect to loans sold between 2000 and 2008 .pnc paid a total of $ 191 million related to these settlements .pnc 2019s repurchase obligations also include certain brokered home equity loans/lines of credit that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition of national city .pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of loans sold in these transactions .repurchase activity associated with brokered home equity loans/lines of credit is reported in the non-strategic assets portfolio segment .indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management .initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in residential mortgage revenue on the consolidated income statement .since pnc is no longer engaged in the brokered home equity lending business , only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability .these adjustments are recognized in other noninterest income on the consolidated income statement .214 the pnc financial services group , inc .2013 form 10-k .
|
in millions for 2013 , what was the net change in commercial mortgage recourse obligations?
|
10
|
{
"answer": "10",
"decimal": 10,
"type": "float"
}
| |
celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2014 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .
[['period', 'totalnumberof sharespurchased ( 1 )', 'averageprice paidper share', 'total numberof sharespurchased aspart of publiclyannounced program', 'approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )'], ['october 1 - 31 2014', '192580', '$ 58.02', '164800', '$ 490000000'], ['november 1 - 30 2014', '468128', '$ 59.25', '468128', '$ 463000000'], ['december 1 - 31 2014', '199796', '$ 60.78', '190259', '$ 451000000'], ['total', '860504', '', '823187', '']]
___________________________ ( 1 ) includes 27780 and 9537 for october and december 2014 , respectively , related to shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .( 2 ) our board of directors has authorized the aggregate repurchase of $ 1.4 billion of our common stock since february 2008 .see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information .performance graph the following performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that we specifically incorporate it by reference into such filing .comparison of cumulative total return .
|
what is the total value paid for purchased shares during november 2014?
|
27.7
|
{
"answer": "27.7",
"decimal": 27.7,
"type": "float"
}
| |
direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies .the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 .17 .leases we lease certain locomotives , freight cars , and other property .the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases .
[['millions', 'operatingleases', 'capitalleases'], ['2015', '$ 508', '$ 253'], ['2016', '484', '249'], ['2017', '429', '246'], ['2018', '356', '224'], ['2019', '323', '210'], ['later years', '1625', '745'], ['total minimum leasepayments', '$ 3725', '$ 1927'], ['amount representing interest', 'n/a', '-407 ( 407 )'], ['present value of minimum leasepayments', 'n/a', '$ 1520']]
approximately 95% ( 95 % ) of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant .18 .commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .we use an actuarial analysis to measure the expense and liability , including unasserted claims .the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work .our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments .approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 .because of the uncertainty .
|
in december 2014 , what was the percentage of the total future minimum lease payments that was due in 2016
|
13%
|
{
"answer": "13%",
"decimal": 0.13,
"type": "percentage"
}
| |
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 .the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2007 and that all dividends were reinvested .purchases of equity securities 2013 during 2012 , we repurchased 13804709 shares of our common stock at an average price of $ 115.33 .the following table presents common stock repurchases during each month for the fourth quarter of 2012 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .
[['period', 'total number ofsharespurchased [a]', 'averageprice paidper share', 'total number of sharespurchased as part of apublicly announced planor program [b]', 'maximum number ofshares that may yetbe purchased under the planor program [b]'], ['oct . 1 through oct . 31', '1068414', '121.70', '1028300', '16041399'], ['nov . 1 through nov . 30', '659631', '120.84', '655000', '15386399'], ['dec . 1 through dec . 31', '411683', '124.58', '350450', '15035949'], ['total', '2139728', '$ 121.99', '2033750', 'n/a']]
[a] total number of shares purchased during the quarter includes approximately 105978 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .[b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 .these repurchases may be made on the open market or through other transactions .our management has sole discretion with respect to determining the timing and amount of these transactions. .
|
what portion of the 2011 plan repurchases were repurchased in 2012?
|
34.5%
|
{
"answer": "34.5%",
"decimal": 0.345,
"type": "percentage"
}
| |
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 .the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2009 and that all dividends were reinvested .the information below is historical in nature and is not necessarily indicative of future performance .purchases of equity securities 2013 during 2014 , we repurchased 33035204 shares of our common stock at an average price of $ 100.24 .the following table presents common stock repurchases during each month for the fourth quarter of 2014 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .
[['period', 'total number ofsharespurchased[a]', 'averageprice paidpershare', 'total number of sharespurchased as part of apublicly announcedplan or program [b]', 'maximum number ofshares that may yetbe purchased under the planor program [b]'], ['oct . 1 through oct . 31', '3087549', '$ 107.59', '3075000', '92618000'], ['nov . 1 through nov . 30', '1877330', '119.84', '1875000', '90743000'], ['dec . 1 through dec . 31', '2787108', '116.54', '2786400', '87956600'], ['total', '7751987', '$ 113.77', '7736400', 'n/a']]
[a] total number of shares purchased during the quarter includes approximately 15587 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .[b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 .these repurchases may be made on the open market or through other transactions .our management has sole discretion with respect to determining the timing and amount of these transactions. .
|
what wa the total spent on share repurchases during 2014?
|
3311448849
|
{
"answer": "3311448849",
"decimal": 3311448849,
"type": "float"
}
|
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