Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 7 . acquisitions ( continued ) was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .

1	current assets	$ 28.1

2	property and equipment net	0.2

3	goodwill	258.9

4	ipr&d	190.0

5	current liabilities assumed	-32.9 ( 32.9 )

6	deferred income taxes	-66.0 ( 66.0 )

7	contingent consideration	-30.3 ( 30.3 )

8	total cash purchase price	348.0

9	less : cash acquired	-27.9 ( 27.9 )

10	total cash purchase price net of cash acquired	$ 320.1

 goodwill includes expected synergies and other benefits the company believes will result from the acquisition . goodwill was assigned to the company 2019s united states segment and is not deductible for tax purposes . ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods . the fair value of the ipr&d was determined using the income approach . this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return . the discount rate used to determine the fair value of the ipr&d was 16.5% ( 16.5 % ) . completion of successful design developments , bench testing , pre-clinical studies and human clinical studies are required prior to selling any product . the risks and uncertainties associated with completing development within a reasonable period of time include those related to the design , development , and manufacturability of the product , the success of pre-clinical and clinical studies , and the timing of regulatory approvals . the valuation assumed $ 97.7 million of additional research and development expenditures would be incurred prior to the date of product introduction , and the company does not currently anticipate significant changes to forecasted research and development expenditures associated with the cardiaq program . the company 2019s valuation model also assumed net cash inflows would commence in late 2018 , if successful clinical trial experiences lead to a ce mark approval . upon completion of development , the underlying research and development intangible asset will be amortized over its estimated useful life . the company disclosed in early february 2017 that it had voluntarily paused enrollment in its clinical trials for the edwards-cardiaq valve to perform further design validation testing on a feature of the valve . this testing has been completed and , in collaboration with clinical investigators , the company has decided to resume screening patients for enrollment in its clinical trials . the results of operations for cardiaq have been included in the accompanying consolidated financial statements from the date of acquisition . pro forma results have not been presented as the results of cardiaq are not material in relation to the consolidated financial statements of the company . 8 . goodwill and other intangible assets on july 3 , 2015 , the company acquired cardiaq ( see note 7 ) . this transaction resulted in an increase to goodwill of $ 258.9 million and ipr&d of $ 190.0 million. .
Conversations:
q0: what is the amount of the goodwill? {answer0}
Question: and what is the total cash purchase price net of cash acquired?
Answer:

Answer: 320.1


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 7 . acquisitions ( continued ) was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .

1	current assets	$ 28.1

2	property and equipment net	0.2

3	goodwill	258.9

4	ipr&d	190.0

5	current liabilities assumed	-32.9 ( 32.9 )

6	deferred income taxes	-66.0 ( 66.0 )

7	contingent consideration	-30.3 ( 30.3 )

8	total cash purchase price	348.0

9	less : cash acquired	-27.9 ( 27.9 )

10	total cash purchase price net of cash acquired	$ 320.1

 goodwill includes expected synergies and other benefits the company believes will result from the acquisition . goodwill was assigned to the company 2019s united states segment and is not deductible for tax purposes . ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods . the fair value of the ipr&d was determined using the income approach . this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return . the discount rate used to determine the fair value of the ipr&d was 16.5% ( 16.5 % ) . completion of successful design developments , bench testing , pre-clinical studies and human clinical studies are required prior to selling any product . the risks and uncertainties associated with completing development within a reasonable period of time include those related to the design , development , and manufacturability of the product , the success of pre-clinical and clinical studies , and the timing of regulatory approvals . the valuation assumed $ 97.7 million of additional research and development expenditures would be incurred prior to the date of product introduction , and the company does not currently anticipate significant changes to forecasted research and development expenditures associated with the cardiaq program . the company 2019s valuation model also assumed net cash inflows would commence in late 2018 , if successful clinical trial experiences lead to a ce mark approval . upon completion of development , the underlying research and development intangible asset will be amortized over its estimated useful life . the company disclosed in early february 2017 that it had voluntarily paused enrollment in its clinical trials for the edwards-cardiaq valve to perform further design validation testing on a feature of the valve . this testing has been completed and , in collaboration with clinical investigators , the company has decided to resume screening patients for enrollment in its clinical trials . the results of operations for cardiaq have been included in the accompanying consolidated financial statements from the date of acquisition . pro forma results have not been presented as the results of cardiaq are not material in relation to the consolidated financial statements of the company . 8 . goodwill and other intangible assets on july 3 , 2015 , the company acquired cardiaq ( see note 7 ) . this transaction resulted in an increase to goodwill of $ 258.9 million and ipr&d of $ 190.0 million. .
Conversations:
q0: what is the amount of the goodwill? {answer0}
q1: and what is the total cash purchase price net of cash acquired? {answer1}
Question: what percentage, then, does that amount represent in relation to this purchase price?
Answer:

Answer: 0.80881


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements ( continued ) 7 . acquisitions ( continued ) was recorded to goodwill . the following table summarizes the fair values of the assets acquired and liabilities assumed ( in millions ) : .

1	current assets	$ 28.1

2	property and equipment net	0.2

3	goodwill	258.9

4	ipr&d	190.0

5	current liabilities assumed	-32.9 ( 32.9 )

6	deferred income taxes	-66.0 ( 66.0 )

7	contingent consideration	-30.3 ( 30.3 )

8	total cash purchase price	348.0

9	less : cash acquired	-27.9 ( 27.9 )

10	total cash purchase price net of cash acquired	$ 320.1

 goodwill includes expected synergies and other benefits the company believes will result from the acquisition . goodwill was assigned to the company 2019s united states segment and is not deductible for tax purposes . ipr&d has been capitalized at fair value as an intangible asset with an indefinite life and will be assessed for impairment in subsequent periods . the fair value of the ipr&d was determined using the income approach . this approach determines fair value based on cash flow projections which are discounted to present value using a risk-adjusted rate of return . the discount rate used to determine the fair value of the ipr&d was 16.5% ( 16.5 % ) . completion of successful design developments , bench testing , pre-clinical studies and human clinical studies are required prior to selling any product . the risks and uncertainties associated with completing development within a reasonable period of time include those related to the design , development , and manufacturability of the product , the success of pre-clinical and clinical studies , and the timing of regulatory approvals . the valuation assumed $ 97.7 million of additional research and development expenditures would be incurred prior to the date of product introduction , and the company does not currently anticipate significant changes to forecasted research and development expenditures associated with the cardiaq program . the company 2019s valuation model also assumed net cash inflows would commence in late 2018 , if successful clinical trial experiences lead to a ce mark approval . upon completion of development , the underlying research and development intangible asset will be amortized over its estimated useful life . the company disclosed in early february 2017 that it had voluntarily paused enrollment in its clinical trials for the edwards-cardiaq valve to perform further design validation testing on a feature of the valve . this testing has been completed and , in collaboration with clinical investigators , the company has decided to resume screening patients for enrollment in its clinical trials . the results of operations for cardiaq have been included in the accompanying consolidated financial statements from the date of acquisition . pro forma results have not been presented as the results of cardiaq are not material in relation to the consolidated financial statements of the company . 8 . goodwill and other intangible assets on july 3 , 2015 , the company acquired cardiaq ( see note 7 ) . this transaction resulted in an increase to goodwill of $ 258.9 million and ipr&d of $ 190.0 million. .
Conversations:
q0: what is the amount of the goodwill? {answer0}
q1: and what is the total cash purchase price net of cash acquired? {answer1}
q2: what percentage, then, does that amount represent in relation to this purchase price? {answer2}
Question: and concerning that goodwill, what percentage does it represent in relation to the current assets?
Answer:

Answer: 9.21352


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: contractual obligations for future payments under existing debt and lease commitments and purchase obli- gations at december 31 , 2005 , were as follows : in millions 2006 2007 2008 2009 2010 thereafter .

1	in millions	2006	2007	2008	2009	2010	thereafter

2	total debt	$ 1181	$ 570	$ 308	$ 2330	$ 1534	$ 6281

3	lease obligations	172	144	119	76	63	138

4	purchase obligations ( a )	3264	393	280	240	204	1238

5	total	$ 4617	$ 1107	$ 707	$ 2646	$ 1801	$ 7657

 ( a ) the 2006 amount includes $ 2.4 billion for contracts made in the ordinary course of business to purchase pulpwood , logs and wood chips . the majority of our other purchase obligations are take-or-pay or purchase commitments made in the ordinary course of business related to raw material purchases and energy contracts . other significant items include purchase obligations related to contracted services . transformation plan in july 2005 , the company announced a plan to focus its business portfolio on two key global platform businesses : uncoated papers ( including distribution ) and packaging . the plan also focuses on improving shareholder return through mill realignments in those two businesses , additional cost improvements and exploring strategic options for other businesses , includ- ing possible sale or spin-off . in connection with this process , in the third quarter of 2005 , the company completed the sale of its 50.5% ( 50.5 % ) interest in carter holt harvey limited . other businesses currently under re- view include : 2022 the coated and supercalendered papers busi- ness , including the coated groundwood mill and associated assets in brazil , 2022 the beverage packaging business , including the pine bluff , arkansas mill , 2022 the kraft papers business , including the roa- noke rapids , north carolina mill , 2022 arizona chemical , 2022 the wood products business , and 2022 segments or potentially all of the company 2019s 6.5 million acres of u.s . forestlands . consistent with this evaluation process , the com- pany has distributed bid package information for some of these businesses . the exact timing of this evaluation process will vary by business ; however , it is anticipated that decisions will be made for some of these businesses during 2006 . while the exact use of any proceeds from potential future sales is dependent upon various factors affecting future cash flows , such as the amount of any proceeds received and changes in market conditions , input costs and capital spending , the company remains committed to using its free cash flow in 2006 to pay down debt , to return value to shareholders , and for se- lective high-return investments . critical accounting policies the preparation of financial statements in con- formity with generally accepted accounting principles in the united states requires international paper to estab- lish accounting policies and to make estimates that af- fect both the amounts and timing of the recording of assets , liabilities , revenues and expenses . some of these estimates require judgments about matters that are in- herently uncertain . accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper , and that can require judgments by management that affect their application , include sfas no . 5 , 201caccounting for contingencies , 201d sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d sfas no . 142 , 201cgoodwill and other intangible assets , 201d sfas no . 87 , 201cemployers 2019 accounting for pensions , 201d sfas no . 106 , 201cemployers 2019 accounting for postretirement benefits other than pensions , 201d as amended by sfas nos . 132 and 132r , 201cemployers 2019 disclosures about pension and other postretirement benefits , 201d and sfas no . 109 , 201caccounting for income taxes . 201d the following is a discussion of the impact of these accounting policies on international paper : contingent liabilities . accruals for contingent li- abilities , including legal and environmental matters , are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated . liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel . additionally , as dis- cussed in note 10 of the notes to consolidated finan- cial statements in item 8 . financial statements and supplementary data , reserves for projected future claims settlements relating to exterior siding and roofing prod- ucts previously manufactured by masonite require judgments regarding projections of future claims rates and amounts . international paper utilizes an in- dependent third party consultant to assist in developing these estimates . liabilities for environmental matters require evaluations of relevant environmental regu- lations and estimates of future remediation alternatives and costs . international paper determines these esti- mates after a detailed evaluation of each site . impairment of long-lived assets and goodwill . an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value , and is recorded when the carrying amount is not recoverable through future operations . a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value . assessments of possible impairments of long-lived assets and goodwill are made when events or changes in cir- cumstances indicate that the carrying value of the asset .
Conversations:
Question: what was the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations as of 12/31/05 between 2008 and 2009?
Answer:

Answer: 2022.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: contractual obligations for future payments under existing debt and lease commitments and purchase obli- gations at december 31 , 2005 , were as follows : in millions 2006 2007 2008 2009 2010 thereafter .

1	in millions	2006	2007	2008	2009	2010	thereafter

2	total debt	$ 1181	$ 570	$ 308	$ 2330	$ 1534	$ 6281

3	lease obligations	172	144	119	76	63	138

4	purchase obligations ( a )	3264	393	280	240	204	1238

5	total	$ 4617	$ 1107	$ 707	$ 2646	$ 1801	$ 7657

 ( a ) the 2006 amount includes $ 2.4 billion for contracts made in the ordinary course of business to purchase pulpwood , logs and wood chips . the majority of our other purchase obligations are take-or-pay or purchase commitments made in the ordinary course of business related to raw material purchases and energy contracts . other significant items include purchase obligations related to contracted services . transformation plan in july 2005 , the company announced a plan to focus its business portfolio on two key global platform businesses : uncoated papers ( including distribution ) and packaging . the plan also focuses on improving shareholder return through mill realignments in those two businesses , additional cost improvements and exploring strategic options for other businesses , includ- ing possible sale or spin-off . in connection with this process , in the third quarter of 2005 , the company completed the sale of its 50.5% ( 50.5 % ) interest in carter holt harvey limited . other businesses currently under re- view include : 2022 the coated and supercalendered papers busi- ness , including the coated groundwood mill and associated assets in brazil , 2022 the beverage packaging business , including the pine bluff , arkansas mill , 2022 the kraft papers business , including the roa- noke rapids , north carolina mill , 2022 arizona chemical , 2022 the wood products business , and 2022 segments or potentially all of the company 2019s 6.5 million acres of u.s . forestlands . consistent with this evaluation process , the com- pany has distributed bid package information for some of these businesses . the exact timing of this evaluation process will vary by business ; however , it is anticipated that decisions will be made for some of these businesses during 2006 . while the exact use of any proceeds from potential future sales is dependent upon various factors affecting future cash flows , such as the amount of any proceeds received and changes in market conditions , input costs and capital spending , the company remains committed to using its free cash flow in 2006 to pay down debt , to return value to shareholders , and for se- lective high-return investments . critical accounting policies the preparation of financial statements in con- formity with generally accepted accounting principles in the united states requires international paper to estab- lish accounting policies and to make estimates that af- fect both the amounts and timing of the recording of assets , liabilities , revenues and expenses . some of these estimates require judgments about matters that are in- herently uncertain . accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper , and that can require judgments by management that affect their application , include sfas no . 5 , 201caccounting for contingencies , 201d sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d sfas no . 142 , 201cgoodwill and other intangible assets , 201d sfas no . 87 , 201cemployers 2019 accounting for pensions , 201d sfas no . 106 , 201cemployers 2019 accounting for postretirement benefits other than pensions , 201d as amended by sfas nos . 132 and 132r , 201cemployers 2019 disclosures about pension and other postretirement benefits , 201d and sfas no . 109 , 201caccounting for income taxes . 201d the following is a discussion of the impact of these accounting policies on international paper : contingent liabilities . accruals for contingent li- abilities , including legal and environmental matters , are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated . liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel . additionally , as dis- cussed in note 10 of the notes to consolidated finan- cial statements in item 8 . financial statements and supplementary data , reserves for projected future claims settlements relating to exterior siding and roofing prod- ucts previously manufactured by masonite require judgments regarding projections of future claims rates and amounts . international paper utilizes an in- dependent third party consultant to assist in developing these estimates . liabilities for environmental matters require evaluations of relevant environmental regu- lations and estimates of future remediation alternatives and costs . international paper determines these esti- mates after a detailed evaluation of each site . impairment of long-lived assets and goodwill . an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value , and is recorded when the carrying amount is not recoverable through future operations . a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value . assessments of possible impairments of long-lived assets and goodwill are made when events or changes in cir- cumstances indicate that the carrying value of the asset .
Conversations:
q0: what was the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations as of 12/31/05 between 2008 and 2009? {answer0}
Question: and between 2007 and 2008?
Answer:

Answer: -262.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

 for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Conversations:
Question: what is the value of net earnings for basic and diluted eps in 2017?
Answer:

Answer: 6021.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

 for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Conversations:
q0: what is the value of net earnings for basic and diluted eps in 2017? {answer0}
Question: what was the value in 2016?
Answer:

Answer: 6948.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

 for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Conversations:
q0: what is the value of net earnings for basic and diluted eps in 2017? {answer0}
q1: what was the value in 2016? {answer1}
Question: what is the net change?
Answer:

Answer: -927.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

 for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Conversations:
q0: what is the value of net earnings for basic and diluted eps in 2017? {answer0}
q1: what was the value in 2016? {answer1}
q2: what is the net change? {answer2}
Question: what was the 2016 value?
Answer:

Answer: 6948.0


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

 for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .
Conversations:
q0: what is the value of net earnings for basic and diluted eps in 2017? {answer0}
q1: what was the value in 2016? {answer1}
q2: what is the net change? {answer2}
q3: what was the 2016 value? {answer3}
Question: what is the net change over the 2016 value?
Answer:

Answer: -0.13342


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

 as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Conversations:
Question: what is the weighted average cost per share in 2017?
Answer:

Answer: 63.84


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

 as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Conversations:
q0: what is the weighted average cost per share in 2017? {answer0}
Question: what about in 2016?
Answer:

Answer: 48.56


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

 as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Conversations:
q0: what is the weighted average cost per share in 2017? {answer0}
q1: what about in 2016? {answer1}
Question: what is the net change?
Answer:

Answer: 15.28


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

 as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Conversations:
q0: what is the weighted average cost per share in 2017? {answer0}
q1: what about in 2016? {answer1}
q2: what is the net change? {answer2}
Question: what is the weighted average cost per share in 2016?
Answer:

Answer: 48.56


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively . as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

 as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities . in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 . before this , $ 98.4 million remained under a prior authorization . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share . cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 . 13 . earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc . by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .
Conversations:
q0: what is the weighted average cost per share in 2017? {answer0}
q1: what about in 2016? {answer1}
q2: what is the net change? {answer2}
q3: what is the weighted average cost per share in 2016? {answer3}
Question: what percentage change does this represent?
Answer:

Answer: 0.31466


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: entergy new orleans , inc . 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 ) .

1		amount ( in millions )

2	2007 net revenue	$ 231.0

3	volume/weather	15.5

4	net gas revenue	6.6

5	rider revenue	3.9

6	base revenue	-11.3 ( 11.3 )

7	other	7.0

8	2008 net revenue	$ 252.7

 the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007 . entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31 , 2008 , compared to approximately 132000 electric customers and 86000 gas customers as of december 31 , 2007 . billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007 , an increase of 4% ( 4 % ) . the net gas revenue variance is primarily due to an increase in base rates in march and november 2007 . refer to note 2 to the financial statements for a discussion of the base rate increase . the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the base revenue variance is primarily due to a base rate recovery credit , effective january 2008 . the base rate credit is discussed in note 2 to the financial statements . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales ; an increase of $ 47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage ; and an increase of $ 22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007 . fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand. .
Conversations:
Question: what is the net change in revenue from 2007 to 2008?
Answer:

Answer: 21.7


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: entergy new orleans , inc . 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 ) .

1		amount ( in millions )

2	2007 net revenue	$ 231.0

3	volume/weather	15.5

4	net gas revenue	6.6

5	rider revenue	3.9

6	base revenue	-11.3 ( 11.3 )

7	other	7.0

8	2008 net revenue	$ 252.7

 the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007 . entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31 , 2008 , compared to approximately 132000 electric customers and 86000 gas customers as of december 31 , 2007 . billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007 , an increase of 4% ( 4 % ) . the net gas revenue variance is primarily due to an increase in base rates in march and november 2007 . refer to note 2 to the financial statements for a discussion of the base rate increase . the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the base revenue variance is primarily due to a base rate recovery credit , effective january 2008 . the base rate credit is discussed in note 2 to the financial statements . gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales ; an increase of $ 47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage ; and an increase of $ 22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007 . fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand. .
Conversations:
q0: what is the net change in revenue from 2007 to 2008? {answer0}
Question: what is that divided by the 2007 net revenues?
Answer:

Answer: 0.09394


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: liquidity and capital resources we maintained a strong financial position throughout fiscal year 2019 . as of 30 september 2019 , our consolidated balance sheet included cash and cash items of $ 2248.7 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2019 , we had $ 971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2248.7 . as a result of the tax act , we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s . income tax upon subsequent repatriation to the united states . the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside . however , because we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 23 , income taxes , for additional information . the table below summarizes our cash flows from operating activities , investing activities , and financing activities from continuing operations as reflected on the consolidated statements of cash flows: .

1	cash provided by ( used for )	2019	2018

2	operating activities	$ 2969.9	$ 2547.2

3	investing activities	-2113.4 ( 2113.4 )	-1641.6 ( 1641.6 )

4	financing activities	-1370.5 ( 1370.5 )	-1359.8 ( 1359.8 )

 operating activities for the fiscal year ended 30 september 2019 , cash provided by operating activities was $ 2969.9 . income from continuing operations of $ 1760.0 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , a charge for the facility closure of one of our customers , undistributed earnings of unconsolidated affiliates , gain on sale of assets and investments , share-based compensation , noncurrent capital lease receivables , and certain other adjustments . the caption "gain on sale of assets and investments" includes a gain of $ 14.1 recognized on the disposition of our interest in high-tech gases ( beijing ) co. , ltd. , a previously held equity investment in our industrial gases 2013 asia segment . refer to note 7 , acquisitions , to the consolidated financial statements for additional information . the working capital accounts were a use of cash of $ 25.3 , primarily driven by $ 69.0 from trade receivables and $ 41.8 from payables and accrued liabilities , partially offset by $ 79.8 from other receivables . the use of cash within "payables and accrued liabilities" was primarily driven by a $ 48.9 decrease in accrued utilities and a $ 30.3 decrease in accrued interest , partially offset by a $ 51.6 increase in customer advances primarily related to sale of equipment activity . the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment . the source of cash from other receivables of $ 79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes . for the fiscal year ended 30 september 2018 , cash provided by operating activities was $ 2547.2 , including income from continuing operations of $ 1455.6 . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures. .
Conversations:
Question: what was the amount of cash provided by operating activities?
Answer:

Answer: 2547.2


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: liquidity and capital resources we maintained a strong financial position throughout fiscal year 2019 . as of 30 september 2019 , our consolidated balance sheet included cash and cash items of $ 2248.7 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2019 , we had $ 971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2248.7 . as a result of the tax act , we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s . income tax upon subsequent repatriation to the united states . the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside . however , because we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 23 , income taxes , for additional information . the table below summarizes our cash flows from operating activities , investing activities , and financing activities from continuing operations as reflected on the consolidated statements of cash flows: .

1	cash provided by ( used for )	2019	2018

2	operating activities	$ 2969.9	$ 2547.2

3	investing activities	-2113.4 ( 2113.4 )	-1641.6 ( 1641.6 )

4	financing activities	-1370.5 ( 1370.5 )	-1359.8 ( 1359.8 )

 operating activities for the fiscal year ended 30 september 2019 , cash provided by operating activities was $ 2969.9 . income from continuing operations of $ 1760.0 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , a charge for the facility closure of one of our customers , undistributed earnings of unconsolidated affiliates , gain on sale of assets and investments , share-based compensation , noncurrent capital lease receivables , and certain other adjustments . the caption "gain on sale of assets and investments" includes a gain of $ 14.1 recognized on the disposition of our interest in high-tech gases ( beijing ) co. , ltd. , a previously held equity investment in our industrial gases 2013 asia segment . refer to note 7 , acquisitions , to the consolidated financial statements for additional information . the working capital accounts were a use of cash of $ 25.3 , primarily driven by $ 69.0 from trade receivables and $ 41.8 from payables and accrued liabilities , partially offset by $ 79.8 from other receivables . the use of cash within "payables and accrued liabilities" was primarily driven by a $ 48.9 decrease in accrued utilities and a $ 30.3 decrease in accrued interest , partially offset by a $ 51.6 increase in customer advances primarily related to sale of equipment activity . the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment . the source of cash from other receivables of $ 79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes . for the fiscal year ended 30 september 2018 , cash provided by operating activities was $ 2547.2 , including income from continuing operations of $ 1455.6 . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures. .
Conversations:
q0: what was the amount of cash provided by operating activities? {answer0}
Question: what was cash spent from investing activities?
Answer:

Answer: 1641.6


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: liquidity and capital resources we maintained a strong financial position throughout fiscal year 2019 . as of 30 september 2019 , our consolidated balance sheet included cash and cash items of $ 2248.7 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2019 , we had $ 971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2248.7 . as a result of the tax act , we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s . income tax upon subsequent repatriation to the united states . the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside . however , because we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 23 , income taxes , for additional information . the table below summarizes our cash flows from operating activities , investing activities , and financing activities from continuing operations as reflected on the consolidated statements of cash flows: .

1	cash provided by ( used for )	2019	2018

2	operating activities	$ 2969.9	$ 2547.2

3	investing activities	-2113.4 ( 2113.4 )	-1641.6 ( 1641.6 )

4	financing activities	-1370.5 ( 1370.5 )	-1359.8 ( 1359.8 )

 operating activities for the fiscal year ended 30 september 2019 , cash provided by operating activities was $ 2969.9 . income from continuing operations of $ 1760.0 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , a charge for the facility closure of one of our customers , undistributed earnings of unconsolidated affiliates , gain on sale of assets and investments , share-based compensation , noncurrent capital lease receivables , and certain other adjustments . the caption "gain on sale of assets and investments" includes a gain of $ 14.1 recognized on the disposition of our interest in high-tech gases ( beijing ) co. , ltd. , a previously held equity investment in our industrial gases 2013 asia segment . refer to note 7 , acquisitions , to the consolidated financial statements for additional information . the working capital accounts were a use of cash of $ 25.3 , primarily driven by $ 69.0 from trade receivables and $ 41.8 from payables and accrued liabilities , partially offset by $ 79.8 from other receivables . the use of cash within "payables and accrued liabilities" was primarily driven by a $ 48.9 decrease in accrued utilities and a $ 30.3 decrease in accrued interest , partially offset by a $ 51.6 increase in customer advances primarily related to sale of equipment activity . the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment . the source of cash from other receivables of $ 79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes . for the fiscal year ended 30 september 2018 , cash provided by operating activities was $ 2547.2 , including income from continuing operations of $ 1455.6 . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures. .
Conversations:
q0: what was the amount of cash provided by operating activities? {answer0}
q1: what was cash spent from investing activities? {answer1}
Question: what is cash provided from operating activities less cash spent from investing activities?
Answer:

Answer: 905.6


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: liquidity and capital resources we maintained a strong financial position throughout fiscal year 2019 . as of 30 september 2019 , our consolidated balance sheet included cash and cash items of $ 2248.7 . we continue to have consistent access to commercial paper markets , and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future . as of 30 september 2019 , we had $ 971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $ 2248.7 . as a result of the tax act , we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s . income tax upon subsequent repatriation to the united states . the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside . however , because we have significant current investment plans outside the u.s. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s . refer to note 23 , income taxes , for additional information . the table below summarizes our cash flows from operating activities , investing activities , and financing activities from continuing operations as reflected on the consolidated statements of cash flows: .

1	cash provided by ( used for )	2019	2018

2	operating activities	$ 2969.9	$ 2547.2

3	investing activities	-2113.4 ( 2113.4 )	-1641.6 ( 1641.6 )

4	financing activities	-1370.5 ( 1370.5 )	-1359.8 ( 1359.8 )

 operating activities for the fiscal year ended 30 september 2019 , cash provided by operating activities was $ 2969.9 . income from continuing operations of $ 1760.0 was adjusted for items including depreciation and amortization , deferred income taxes , impacts from the tax act , a charge for the facility closure of one of our customers , undistributed earnings of unconsolidated affiliates , gain on sale of assets and investments , share-based compensation , noncurrent capital lease receivables , and certain other adjustments . the caption "gain on sale of assets and investments" includes a gain of $ 14.1 recognized on the disposition of our interest in high-tech gases ( beijing ) co. , ltd. , a previously held equity investment in our industrial gases 2013 asia segment . refer to note 7 , acquisitions , to the consolidated financial statements for additional information . the working capital accounts were a use of cash of $ 25.3 , primarily driven by $ 69.0 from trade receivables and $ 41.8 from payables and accrued liabilities , partially offset by $ 79.8 from other receivables . the use of cash within "payables and accrued liabilities" was primarily driven by a $ 48.9 decrease in accrued utilities and a $ 30.3 decrease in accrued interest , partially offset by a $ 51.6 increase in customer advances primarily related to sale of equipment activity . the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment . the source of cash from other receivables of $ 79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes . for the fiscal year ended 30 september 2018 , cash provided by operating activities was $ 2547.2 , including income from continuing operations of $ 1455.6 . other adjustments of $ 131.6 include a $ 54.9 net impact from the remeasurement of intercompany transactions . the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities . in addition , other adjustments were impacted by cash received from the early termination of a cross currency swap of $ 54.4 , as well as the excess of pension expense over pension contributions of $ 23.5 . the working capital accounts were a use of cash of $ 265.4 , primarily driven by payables and accrued liabilities , inventories , and trade receivables , partially offset by other receivables . the use of cash in payables and accrued liabilities of $ 277.7 includes a decrease in customer advances of $ 145.7 primarily related to sale of equipment activity and $ 67.1 for maturities of forward exchange contracts that hedged foreign currency exposures . the use of cash in inventories primarily resulted from the purchase of helium molecules . in addition , inventories reflect the noncash impact of our change in accounting for u.s . inventories from lifo to fifo . the source of cash from other receivables of $ 128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures. .
Conversations:
q0: what was the amount of cash provided by operating activities? {answer0}
q1: what was cash spent from investing activities? {answer1}
q2: what is cash provided from operating activities less cash spent from investing activities? {answer2}
Question: what is that less cash spent in financing activities?
Answer:

Answer: -454.2


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .

1	year ended december 31 , ( in millions except ratios )	year ended december 31 , 2005	year ended december 31 , 2004	year ended december 31 , change	2005	2004

2	investment bank	$ 3658	$ 2948	24% ( 24 % )	18% ( 18 % )	17% ( 17 % )

3	retail financial services	3427	2199	56	26	24

4	card services	1907	1274	50	16	17

5	commercial banking	1007	608	66	30	29

6	treasury & securities services	1037	440	136	55	17

7	asset & wealth management	1216	681	79	51	17

8	corporate	-1731 ( 1731 )	61	nm	nm	nm

9	total	$ 10521	$ 8211	28% ( 28 % )	17% ( 17 % )	16% ( 16 % )

 jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments .
Conversations:
Question: what was the percentage of total segment operations that was made of investment banking in 2005?
Answer:

Answer: 0.34769


Question:
In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) .

1	year ended december 31 , ( in millions except ratios )	year ended december 31 , 2005	year ended december 31 , 2004	year ended december 31 , change	2005	2004

2	investment bank	$ 3658	$ 2948	24% ( 24 % )	18% ( 18 % )	17% ( 17 % )

3	retail financial services	3427	2199	56	26	24

4	card services	1907	1274	50	16	17

5	commercial banking	1007	608	66	30	29

6	treasury & securities services	1037	440	136	55	17

7	asset & wealth management	1216	681	79	51	17

8	corporate	-1731 ( 1731 )	61	nm	nm	nm

9	total	$ 10521	$ 8211	28% ( 28 % )	17% ( 17 % )	16% ( 16 % )

 jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments .
Conversations:
q0: what was the percentage of total segment operations that was made of investment banking in 2005? {answer0}
Question: what would 2005 operating income be without the commercial banking segment?
Answer:

Answer: 9514.0