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CONVFINQA5127	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nreporting unit 2019s related goodwill assets . in 2013 , we recorded a non-cash goodwill impairment charge of $ 195 million , net of state tax benefits . see 201ccritical accounting policies - goodwill 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 1 2013 significant accounting policies 201d for more information on this impairment charge . changes in u.s . or foreign tax laws , including possibly with retroactive effect , and audits by tax authorities could result in unanticipated increases in our tax expense and affect profitability and cash flows . for example , proposals to lower the u.s . corporate income tax rate would require us to reduce our net deferred tax assets upon enactment of the related tax legislation , with a corresponding material , one-time increase to income tax expense , but our income tax expense and payments would be materially reduced in subsequent years . actual financial results could differ from our judgments and estimates . refer to 201ccritical accounting policies 201d in management 2019s discussion and analysis of financial condition and results of operations , and 201cnote 1 2013 significant accounting policies 201d of our consolidated financial statements for a complete discussion of our significant accounting policies and use of estimates . item 1b . unresolved staff comments . item 2 . properties . at december 31 , 2013 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories , and other facilities ) at 518 locations primarily in the u.s . additionally , we manage or occupy various u.s . government-owned facilities under lease and other arrangements . at december 31 , 2013 , we had significant operations in the following locations : 2022 aeronautics 2013 palmdale , california ; marietta , georgia ; greenville , south carolina ; fort worth and san antonio , texas ; and montreal , canada . 2022 information systems & global solutions 2013 goodyear , arizona ; sunnyvale , california ; colorado springs and denver , colorado ; gaithersburg and rockville , maryland ; valley forge , pennsylvania ; and houston , texas . 2022 missiles and fire control 2013 camden , arkansas ; orlando , florida ; lexington , kentucky ; and grand prairie , texas . 2022 mission systems and training 2013 orlando , florida ; baltimore , maryland ; moorestown/mt . laurel , new jersey ; owego and syracuse , new york ; akron , ohio ; and manassas , virginia . 2022 space systems 2013 huntsville , alabama ; sunnyvale , california ; denver , colorado ; albuquerque , new mexico ; and newtown , pennsylvania . 2022 corporate activities 2013 lakeland , florida and bethesda , maryland . in november 2013 , we committed to a plan to vacate our leased facilities in goodyear , arizona and akron , ohio , and close our owned facility in newtown , pennsylvania and certain owned buildings at our sunnyvale , california facility . we expect these closures , which include approximately 2.5 million square feet of facility space , will be substantially complete by the middle of 2015 . for information regarding these matters , see 201cnote 2 2013 restructuring charges 201d of our consolidated financial statements . the following is a summary of our square feet of floor space by business segment at december 31 , 2013 , inclusive of the facilities that we plan to vacate as mentioned above ( in millions ) : owned leased u.s . government- owned total . <table class='wikitable'><tr><td>1</td><td>-</td><td>owned</td><td>leased</td><td>u.s . government- owned</td><td>total</td></tr><tr><td>2</td><td>aeronautics</td><td>5.8</td><td>2.7</td><td>14.2</td><td>22.7</td></tr><tr><td>3</td><td>information systems & global solutions</td><td>2.5</td><td>5.7</td><td>2014</td><td>8.2</td></tr><tr><td>4</td><td>missiles and fire control</td><td>4.2</td><td>5.1</td><td>1.3</td><td>10.6</td></tr><tr><td>5</td><td>mission systems and training</td><td>5.8</td><td>5.3</td><td>0.4</td><td>11.5</td></tr><tr><td>6</td><td>space systems</td><td>8.5</td><td>1.6</td><td>7.9</td><td>18.0</td></tr><tr><td>7</td><td>corporate activities</td><td>3.0</td><td>0.9</td><td>2014</td><td>3.9</td></tr><tr><td>8</td><td>total</td><td>29.8</td><td>21.3</td><td>23.8</td><td>74.9</td></tr></table> we believe our facilities are in good condition and adequate for their current use . we may improve , replace , or reduce facilities as considered appropriate to meet the needs of our operations. .\nQuestion: what portion of total facilities is used for aeronautics as of dec 2013?\n" }, { "role": "agent", "content": "0.30307" } ]
CONVFINQA5659	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naffected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent . net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware . net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows . net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively . the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . 2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs . selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 . selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs . selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>operating profit as reported</td><td>$ 1169</td><td>$ 1053</td><td>$ 914</td></tr><tr><td>3</td><td>rationalization charges</td><td>4</td><td>22</td><td>18</td></tr><tr><td>4</td><td>gain from sale of property and equipment</td><td>2014</td><td>2014</td><td>-5 ( 5 )</td></tr><tr><td>5</td><td>operating profit as adjusted</td><td>$ 1173</td><td>$ 1075</td><td>$ 927</td></tr><tr><td>6</td><td>operating profit margins as reported</td><td>15.3% ( 15.3 % )</td><td>14.3% ( 14.3 % )</td><td>12.8% ( 12.8 % )</td></tr><tr><td>7</td><td>operating profit margins as adjusted</td><td>15.3% ( 15.3 % )</td><td>14.6% ( 14.6 % )</td><td>13.0% ( 13.0 % )</td></tr></table> operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs . .......................................................... . .................................................................. . ..................................... . ........................................................ . ............................................ . ............................................. .\nQuestion: what was the difference in adjusted operating profit margins between 2015 and 2016?\nAnswer: 0.016\nQuestion: and the difference in gross profit margin between 2016 and 2017?\nAnswer: 0.8\nQuestion: and what was the percentage change during this time?\n" }, { "role": "agent", "content": "0.02395" } ]
CONVFINQA6726	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index . the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/28/02</td><td>1/3/04</td><td>1/1/05</td><td>12/31/05</td><td>12/30/06</td><td>12/29/07</td></tr><tr><td>2</td><td>cadence design systems inc .</td><td>100.00</td><td>149.92</td><td>113.38</td><td>138.92</td><td>147.04</td><td>139.82</td></tr><tr><td>3</td><td>s & p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>nasdaq composite</td><td>100.00</td><td>149.75</td><td>164.64</td><td>168.60</td><td>187.83</td><td>205.22</td></tr><tr><td>5</td><td>s & p information technology</td><td>100.00</td><td>147.23</td><td>150.99</td><td>152.49</td><td>165.32</td><td>192.28</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance .\nQuestion: what was the stock price of cadence design systems in 2007?\nAnswer: 139.82\nQuestion: what was the price in 2006?\nAnswer: 147.04\nQuestion: what was the net change?\n" }, { "role": "agent", "content": "-7.22" } ]
CONVFINQA10074	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>other weighted average 3.72% ( 3.72 % ) as of dec . 31 2011 and 3.39% ( 3.39 % ) as of december 31 2010</td><td>33</td><td>24</td></tr><tr><td>3</td><td>total</td><td>$ 33</td><td>$ 24</td></tr></table> notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k .\nQuestion: what was the total of remaining shares, in millions?\nAnswer: 0.1\nQuestion: and how much is that, not in millions?\nAnswer: 100000.0\nQuestion: what would be the cost to repurchase those shares, considering the 2009 weighted average share price?\n" }, { "role": "agent", "content": "5666000.0" } ]
CONVFINQA8074	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .\nQuestion: what was the net change in expected volatility from 2012 to 2013?\nAnswer: 1.1\nQuestion: what was expected volatility in 2012?\nAnswer: 27.8\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.03957" } ]
CONVFINQA5649	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe environmental liability includes costs for remediation and restoration of sites , as well as for ongoing monitoring costs , but excludes any anticipated recoveries from third parties . cost estimates are based on information available for each site , financial viability of other potentially responsible parties , and existing technology , laws , and regulations . we believe that we have adequately accrued for our ultimate share of costs at sites subject to joint and several liability . however , the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site-specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . estimates may also vary due to changes in federal , state , and local laws governing environmental remediation . we do not expect current obligations to have a material adverse effect on our results of operations or financial condition . guarantees 2013 at december 31 , 2006 , we were contingently liable for $ 464 million in guarantees . we have recorded a liability of $ 6 million for the fair value of these obligations as of december 31 , 2006 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . indemnities 2013 our maximum potential exposure under indemnification arrangements , including certain tax indemnifications , can range from a specified dollar amount to an unlimited amount , depending on the nature of the transactions and the agreements . due to uncertainty as to whether claims will be made or how they will be resolved , we cannot reasonably determine the probability of an adverse claim or reasonably estimate any adverse liability or the total maximum exposure under these indemnification arrangements . we do not have any reason to believe that we will be required to make any material payments under these indemnity provisions . income taxes 2013 as previously reported in our form 10-q for the quarter ended september 30 , 2005 , the irs has completed its examinations and issued notices of deficiency for tax years 1995 through 2002 . among their proposed adjustments is the disallowance of tax deductions claimed in connection with certain donations of property . in the fourth quarter of 2005 , the irs national office issued a technical advice memorandum which left unresolved whether the deductions were proper , pending further factual development . we continue to dispute the donation issue , as well as many of the other proposed adjustments , and will contest the associated tax deficiencies through the irs appeals process , and , if necessary , litigation . in addition , the irs is examining the corporation 2019s federal income tax returns for tax years 2003 and 2004 and should complete their exam in 2007 . we do not expect that the ultimate resolution of these examinations will have a material adverse effect on our consolidated financial statements . 11 . other income other income included the following for the years ended december 31 : millions of dollars 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>rental income</td><td>$ 83</td><td>$ 59</td><td>$ 55</td></tr><tr><td>3</td><td>net gain on non-operating asset dispositions</td><td>72</td><td>135</td><td>69</td></tr><tr><td>4</td><td>interest income</td><td>29</td><td>17</td><td>10</td></tr><tr><td>5</td><td>sale of receivables fees</td><td>-33 ( 33 )</td><td>-23 ( 23 )</td><td>-11 ( 11 )</td></tr><tr><td>6</td><td>non-operating environmental costs and other</td><td>-33 ( 33 )</td><td>-43 ( 43 )</td><td>-35 ( 35 )</td></tr><tr><td>7</td><td>total</td><td>$ 118</td><td>$ 145</td><td>$ 88</td></tr></table> .\nQuestion: what was rental income in 2005?\nAnswer: 59.0\nQuestion: what was it in 2004?\n" }, { "role": "agent", "content": "55.0" } ]
CONVFINQA2438	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted average grant-date fair value</td></tr><tr><td>2</td><td>nonvested restricted stock at december 31 2006</td><td>1107455</td><td>$ 45.86</td></tr><tr><td>3</td><td>granted</td><td>852353</td><td>63.59</td></tr><tr><td>4</td><td>vested</td><td>-51206 ( 51206 )</td><td>56.93</td></tr><tr><td>5</td><td>forfeited</td><td>-63624 ( 63624 )</td><td>49.65</td></tr><tr><td>6</td><td>nonvested restricted stock at december 31 2007</td><td>1844978</td><td>$ 53.61</td></tr></table> the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .\nQuestion: in the year of 2007, what was the number of granted shares?\nAnswer: 852353.0\nQuestion: and what was it for vested ones?\nAnswer: 51206.0\nQuestion: how much, then, did the granted number represent in relation to the vested one?\n" }, { "role": "agent", "content": "16.64557" } ]
CONVFINQA1618	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwhile we have remediated the previously-identified material weakness in our internal control over financial reporting , we may identify other material weaknesses in the future . in november 2017 , we restated our consolidated financial statements for the quarters ended april 1 , 2017 and july 1 , 2017 in order to correctly classify cash receipts from the payments on sold receivables ( which are cash receipts on the underlying trade receivables that have already been securitized ) to cash provided by investing activities ( from cash provided by operating activities ) within our condensed consolidated statements of cash flows . in connection with these restatements , management identified a material weakness in our internal control over financial reporting related to the misapplication of accounting standards update 2016-15 . specifically , we did not maintain effective controls over the adoption of new accounting standards , including communication with the appropriate individuals in coming to our conclusions on the application of new accounting standards . as a result of this material weakness , our management concluded that we did not maintain effective internal control over financial reporting as of april 1 , 2017 and july 1 , 2017 . while we have remediated the material weakness and our management has determined that our disclosure controls and procedures were effective as of december 30 , 2017 , there can be no assurance that our controls will remain adequate . the effectiveness of our internal control over financial reporting is subject to various inherent limitations , including judgments used in decision-making , the nature and complexity of the transactions we undertake , assumptions about the likelihood of future events , the soundness of our systems , cost limitations , and other limitations . if other material weaknesses or significant deficiencies in our internal control are discovered or occur in the future or we otherwise must restate our financial statements , it could materially and adversely affect our business and results of operations or financial condition , restrict our ability to access the capital markets , require us to expend significant resources to correct the weaknesses or deficiencies , subject us to fines , penalties , investigations or judgments , harm our reputation , or otherwise cause a decline in investor confidence . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 30 , 2017 , we operated 83 manufacturing and processing facilities . we own 80 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 30 , 2017 was: . <table class='wikitable'><tr><td>1</td><td>-</td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>41</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>europe</td><td>11</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>26</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . item 3 . legal proceedings . we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business . while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations . item 4 . mine safety disclosures . not applicable. .\nQuestion: combined, what was the total owned facilities in the united states and canada?\nAnswer: 43.0\nQuestion: and the amount in europe?\nAnswer: 11.0\nQuestion: and the total for all three regions together?\nAnswer: 54.0\nQuestion: and the amount for the rest of the world?\nAnswer: 26.0\nQuestion: combined with the other three regions?\nAnswer: 80.0\nQuestion: and as a percentage of the total operated manufacturing and processing facilities?\n" }, { "role": "agent", "content": "0.96386" } ]
CONVFINQA10615	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndecember 2016 acquisition of camber and higher volumes in fleet support and oil and gas services , partially offset by lower nuclear and environmental volumes due to the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . segment operating income 2018 - operating income in the technical solutions segment for the year ended december 31 , 2018 , was $ 32 million , compared to operating income of $ 21 million in 2017 . the increase was primarily due to an allowance for accounts receivable in 2017 on a nuclear and environmental commercial contract and higher income from operating investments at our nuclear and environmental joint ventures , partially offset by one time employee bonus payments in 2018 related to the tax act and lower performance in fleet support services . 2017 - operating income in the technical solutions segment for the year ended december 31 , 2017 , was $ 21 million , compared to operating income of $ 8 million in 2016 . the increase was primarily due to improved performance in oil and gas services and higher volume in mdis services following the december 2016 acquisition of camber , partially offset by the establishment of an allowance for accounts receivable on a nuclear and environmental commercial contract in 2017 and the resolution in 2016 of outstanding contract changes on a nuclear and environmental commercial contract . backlog total backlog as of december 31 , 2018 , was approximately $ 23 billion . total backlog includes both funded backlog ( firm orders for which funding is contractually obligated by the customer ) and unfunded backlog ( firm orders for which funding is not currently contractually obligated by the customer ) . backlog excludes unexercised contract options and unfunded idiq orders . for contracts having no stated contract values , backlog includes only the amounts committed by the customer . the following table presents funded and unfunded backlog by segment as of december 31 , 2018 and 2017: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>december 31 2018 total backlog</td><td>december 31 2018 funded</td><td>december 31 2018 unfunded</td><td>total backlog</td></tr><tr><td>2</td><td>ingalls</td><td>$ 9943</td><td>$ 1422</td><td>$ 11365</td><td>$ 5920</td><td>$ 2071</td><td>$ 7991</td></tr><tr><td>3</td><td>newport news</td><td>6767</td><td>4144</td><td>10911</td><td>6976</td><td>5608</td><td>12584</td></tr><tr><td>4</td><td>technical solutions</td><td>339</td><td>380</td><td>719</td><td>478</td><td>314</td><td>792</td></tr><tr><td>5</td><td>total backlog</td><td>$ 17049</td><td>$ 5946</td><td>$ 22995</td><td>$ 13374</td><td>$ 7993</td><td>$ 21367</td></tr></table> we expect approximately 30% ( 30 % ) of the $ 23 billion total backlog as of december 31 , 2018 , to be converted into sales in 2019 . u.s . government orders comprised substantially all of the backlog as of december 31 , 2018 and 2017 . awards 2018 - the value of new contract awards during the year ended december 31 , 2018 , was approximately $ 9.8 billion . significant new awards during the period included contracts for the construction of three arleigh burke class ( ddg 51 ) destroyers , for the detail design and construction of richard m . mccool jr . ( lpd 29 ) , for procurement of long-lead-time material for enterprise ( cvn 80 ) , and for the construction of nsc 10 ( unnamed ) and nsc 11 ( unnamed ) . in addition , we received awards in 2019 valued at $ 15.2 billion for detail design and construction of the gerald r . ford class ( cvn 78 ) aircraft carriers enterprise ( cvn 80 ) and cvn 81 ( unnamed ) . 2017 - the value of new contract awards during the year ended december 31 , 2017 , was approximately $ 8.1 billion . significant new awards during this period included the detailed design and construction contract for bougainville ( lha 8 ) and the execution contract for the rcoh of uss george washington ( cvn 73 ) . .\nQuestion: what was the operating income in 2017?\nAnswer: 21.0\nQuestion: how much did this change from 2016?\nAnswer: 13.0\nQuestion: and the percentage increase during this time?\n" }, { "role": "agent", "content": "1.625" } ]
CONVFINQA5974	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmfc 2019s operating profit for 2013 increased $ 175 million , or 14% ( 14 % ) , compared to 2012 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for air and missile defense programs ( thaad and pac-3 ) due to increased risk retirements and volume ; about $ 85 million for fire control programs ( sniper ae , lantirn ae and apache ) due to increased risk retirements and higher volume ; and approximately $ 75 million for tactical missile programs ( hellfire and various programs ) due to increased risk retirements . the increases were partially offset by lower operating profit of about $ 45 million for the resolution of contractual matters in the second quarter of 2012 ; and approximately $ 15 million for various technical services programs due to lower volume partially offset by increased risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million higher for 2013 compared to 2012 . 2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 . net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) . the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) . mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 . the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters . partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs . adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011 . backlog backlog increased in 2013 compared to 2012 mainly due to higher orders on the thaad program and lower sales volume compared to new orders on certain fire control systems programs in 2013 , partially offset by lower orders on technical services programs and certain tactical missile programs . backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs . trends we expect mfc 2019s net sales to be flat to slightly down in 2014 compared to 2013 , primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs . operating profit is expected to decrease in the high single digit percentage range , driven by a reduction in expected risk retirements in 2014 . accordingly , operating profit margin is expected to slightly decline from 2013 . mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies . mst 2019s major programs include aegis combat system ( aegis ) , lcs , mh-60 , tpq-53 radar system , and mk-41 vertical launching system ( vls ) . mst 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net sales</td><td>$ 7153</td><td>$ 7579</td><td>$ 7132</td></tr><tr><td>3</td><td>operating profit</td><td>905</td><td>737</td><td>645</td></tr><tr><td>4</td><td>operating margins</td><td>12.7% ( 12.7 % )</td><td>9.7% ( 9.7 % )</td><td>9.0% ( 9.0 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>10800</td><td>10700</td><td>10500</td></tr></table> 2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume .\nQuestion: what was the operating profit in 2013?\nAnswer: 905.0\nQuestion: what was it in 2012?\n" }, { "role": "agent", "content": "737.0" } ]
CONVFINQA3292	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe long term . in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a . and vodafone group plc . we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward . in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas . a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low . in more developed urban locations within these markets , early-stage data network deployments are underway . carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate . in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology . consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially . recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks . smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service . finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base . with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity . we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets . as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth . we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn . our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites . property operations new site revenue growth . during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites . in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses . we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . <table class='wikitable'><tr><td>1</td><td>new sites ( acquired or constructed )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>u.s .</td><td>11595</td><td>900</td><td>5260</td></tr><tr><td>3</td><td>asia</td><td>2330</td><td>1560</td><td>1260</td></tr><tr><td>4</td><td>emea</td><td>4910</td><td>190</td><td>485</td></tr><tr><td>5</td><td>latin america</td><td>6535</td><td>5800</td><td>6065</td></tr></table> property operations expenses . direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance . these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations . in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year . as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow . we may , however , incur additional segment .\nQuestion: what is the sum of the number of sites acquired and constructed during 2014 in the us and asia?\nAnswer: 2460.0\nQuestion: what is the sum including emea sites?\nAnswer: 2650.0\nQuestion: what is the total sum including latin america?\n" }, { "role": "agent", "content": "8450.0" } ]
CONVFINQA806	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 25 , 2009 through october 26 , 2014 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 25 , 2009 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/25/2009</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td><td>10/27/2013</td><td>10/26/2014</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>97.43</td><td>101.85</td><td>88.54</td><td>151.43</td><td>183.29</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>116.52</td><td>125.94</td><td>145.09</td><td>184.52</td><td>216.39</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>121.00</td><td>132.42</td><td>124.95</td><td>163.20</td><td>207.93</td></tr></table> dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share . during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 . dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . $ 100 invested on 10/25/09 in stock or 10/31/09 in index , including reinvestment of dividends . indexes calculated on month-end basis . and the rdg semiconductor composite index 183145 97 102 121 132 10/25/09 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what is the yearly dividend per share in 2014?\n" }, { "role": "agent", "content": "0.4" } ]
CONVFINQA5409	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namount of commitment expiration per period other commercial commitments after millions total 2015 2016 2017 2018 2019 2019 . <table class='wikitable'><tr><td>1</td><td>other commercial commitmentsmillions</td><td>total</td><td>amount of commitment expiration per period 2015</td><td>amount of commitment expiration per period 2016</td><td>amount of commitment expiration per period 2017</td><td>amount of commitment expiration per period 2018</td><td>amount of commitment expiration per period 2019</td><td>amount of commitment expiration per period after2019</td></tr><tr><td>2</td><td>credit facilities [a]</td><td>$ 1700</td><td>$ -</td><td>$ -</td><td>$ -</td><td>$ -</td><td>$ 1700</td><td>$ -</td></tr><tr><td>3</td><td>receivables securitization facility [b]</td><td>650</td><td>-</td><td>-</td><td>650</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4</td><td>guarantees [c]</td><td>82</td><td>12</td><td>26</td><td>10</td><td>11</td><td>8</td><td>15</td></tr><tr><td>5</td><td>standby letters of credit [d]</td><td>40</td><td>34</td><td>6</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6</td><td>total commercialcommitments</td><td>$ 2472</td><td>$ 46</td><td>$ 32</td><td>$ 660</td><td>$ 11</td><td>$ 1708</td><td>$ 15</td></tr></table> [a] none of the credit facility was used as of december 31 , 2014 . [b] $ 400 million of the receivables securitization facility was utilized as of december 31 , 2014 , which is accounted for as debt . the full program matures in july 2017 . [c] includes guaranteed obligations related to our equipment financings and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2014 . off-balance sheet arrangements guarantees 2013 at december 31 , 2014 , and 2013 , we were contingently liable for $ 82 million and $ 299 million in guarantees . we have recorded liabilities of $ 0.3 million and $ 1 million for the fair value of these obligations as of december 31 , 2014 , and 2013 , respectively . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our equipment financings and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 approximately 85% ( 85 % ) of our 47201 full-time-equivalent employees are represented by 14 major rail unions . on january 1 , 2015 , current labor agreements became subject to modification and we began the current round of negotiations with the unions . existing agreements remain in effect until new agreements are reached or the railway labor act 2019s procedures ( which include mediation , cooling-off periods , and the possibility of presidential emergency boards and congressional intervention ) are exhausted . contract negotiations historically continue for an extended period of time and we rarely experience work stoppages while negotiations are pending . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2014 and 2013 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities. .\nQuestion: what portion of total commercial commitments is related to credit facilities?\n" }, { "role": "agent", "content": "0.6877" } ]
CONVFINQA9000	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following table presents the net periodic pension and opeb cost/ ( benefit ) for the years ended december 31 : millions 2013 2012 2011 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>est.2013</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net periodic pension cost</td><td>$ 111</td><td>$ 89</td><td>$ 78</td><td>$ 51</td></tr><tr><td>3</td><td>net periodic opeb cost/ ( benefit )</td><td>15</td><td>13</td><td>-6 ( 6 )</td><td>-14 ( 14 )</td></tr></table> our net periodic pension cost is expected to increase to approximately $ 111 million in 2013 from $ 89 million in 2012 . the increase is driven mainly by a decrease in the discount rate to 3.78% ( 3.78 % ) , our net periodic opeb expense is expected to increase to approximately $ 15 million in 2013 from $ 13 million in 2012 . the increase in our net periodic opeb cost is primarily driven by a decrease in the discount rate to 3.48% ( 3.48 % ) . cautionary information certain statements in this report , and statements in other reports or information filed or to be filed with the sec ( as well as information included in oral statements or other written statements made or to be made by us ) , are , or will be , forward-looking statements as defined by the securities act of 1933 and the securities exchange act of 1934 . these forward-looking statements and information include , without limitation , ( a ) statements in the ceo 2019s letter preceding part i ; statements regarding planned capital expenditures under the caption 201c2013 capital expenditures 201d in item 2 of part i ; statements regarding dividends in item 5 ; and statements and information set forth under the captions 201c2013 outlook 201d and 201cliquidity and capital resources 201d in this item 7 , and ( b ) any other statements or information in this report ( including information incorporated herein by reference ) regarding : expectations as to financial performance , revenue growth and cost savings ; the time by which goals , targets , or objectives will be achieved ; projections , predictions , expectations , estimates , or forecasts as to our business , financial and operational results , future economic performance , and general economic conditions ; expectations as to operational or service performance or improvements ; expectations as to the effectiveness of steps taken or to be taken to improve operations and/or service , including capital expenditures for infrastructure improvements and equipment acquisitions , any strategic business acquisitions , and modifications to our transportation plans ( including statements set forth in item 2 as to expectations related to our planned capital expenditures ) ; expectations as to existing or proposed new products and services ; expectations as to the impact of any new regulatory activities or legislation on our operations or financial results ; estimates of costs relating to environmental remediation and restoration ; estimates and expectations regarding tax matters ; expectations that claims , litigation , environmental costs , commitments , contingent liabilities , labor negotiations or agreements , or other matters will not have a material adverse effect on our consolidated results of operations , financial condition , or liquidity and any other similar expressions concerning matters that are not historical facts . forward-looking statements may be identified by their use of forward-looking terminology , such as 201cbelieves , 201d 201cexpects , 201d 201cmay , 201d 201cshould , 201d 201cwould , 201d 201cwill , 201d 201cintends , 201d 201cplans , 201d 201cestimates , 201d 201canticipates , 201d 201cprojects 201d and similar words , phrases or expressions . forward-looking statements should not be read as a guarantee of future performance or results , and will not necessarily be accurate indications of the times that , or by which , such performance or results will be achieved . forward-looking statements and information are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements and information . forward-looking statements and information reflect the good faith consideration by management of currently available information , and may be based on underlying assumptions believed to be reasonable under the circumstances . however , such information and assumptions ( and , therefore , such forward-looking statements and information ) are or may be subject to variables or unknown or unforeseeable events or circumstances over which management has little or no influence or control . the risk factors in item 1a of this report could affect our future results and could cause those results or other outcomes to differ materially from those expressed or implied in any forward-looking statements or information . to the extent circumstances require or we deem it otherwise necessary , we will update or amend these risk factors in a form 10-q , form 8-k or subsequent form 10-k . all forward-looking statements are qualified by , and should be read in conjunction with , these risk factors . forward-looking statements speak only as of the date the statement was made . we assume no obligation to update forward-looking information to reflect actual results , changes in assumptions or changes in other factors affecting forward-looking information . if we do update one or more forward-looking .\nQuestion: what is the net periodic pension cost in 2013?\nAnswer: 111.0\nQuestion: what was the value in 2012?\n" }, { "role": "agent", "content": "89.0" } ]
CONVFINQA10027	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncorporate & institutional banking corporate & institutional banking earned $ 1.9 billion in 2011 and $ 1.8 billion in 2010 . the increase in earnings was primarily due to an improvement in the provision for credit losses , which was a benefit in 2011 , partially offset by a reduction in the value of commercial mortgage servicing rights and lower net interest income . we continued to focus on adding new clients , increasing cross sales , and remaining committed to strong expense discipline . asset management group asset management group earned $ 141 million for 2011 compared with $ 137 million for 2010 . assets under administration were $ 210 billion at december 31 , 2011 and $ 212 billion at december 31 , 2010 . earnings for 2011 reflected a benefit from the provision for credit losses and growth in noninterest income , partially offset by higher noninterest expense and lower net interest income . for 2011 , the business delivered strong sales production , grew high value clients and benefitted from significant referrals from other pnc lines of business . over time and with stabilized market conditions , the successful execution of these strategies and the accumulation of our strong sales performance are expected to create meaningful growth in assets under management and noninterest income . residential mortgage banking residential mortgage banking earned $ 87 million in 2011 compared with $ 269 million in 2010 . the decline in earnings was driven by an increase in noninterest expense associated with increased costs for residential mortgage foreclosure- related expenses , primarily as a result of ongoing governmental matters , and lower net interest income , partially offset by an increase in loan originations and higher loans sales revenue . blackrock our blackrock business segment earned $ 361 million in 2011 and $ 351 million in 2010 . the higher business segment earnings from blackrock for 2011 compared with 2010 were primarily due to an increase in revenue . non-strategic assets portfolio this business segment ( formerly distressed assets portfolio ) consists primarily of acquired non-strategic assets that fall outside of our core business strategy . non-strategic assets portfolio had earnings of $ 200 million in 2011 compared with a loss of $ 57 million in 2010 . the increase was primarily attributable to a lower provision for credit losses partially offset by lower net interest income . 201cother 201d reported earnings of $ 376 million for 2011 compared with earnings of $ 386 million for 2010 . the decrease in earnings primarily reflected the noncash charge related to the redemption of trust preferred securities in the fourth quarter of 2011 and the gain related to the sale of a portion of pnc 2019s blackrock shares in 2010 partially offset by lower integration costs in 2011 . consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2011 was $ 3.1 billion compared with $ 3.4 billion for 2010 . results for 2011 include the impact of $ 324 million of residential mortgage foreclosure-related expenses primarily as a result of ongoing governmental matters , a $ 198 million noncash charge related to redemption of trust preferred securities and $ 42 million for integration costs . results for 2010 included the $ 328 million after-tax gain on our sale of gis , $ 387 million for integration costs , and $ 71 million of residential mortgage foreclosure-related expenses . for 2010 , net income attributable to common shareholders was also impacted by a noncash reduction of $ 250 million in connection with the redemption of tarp preferred stock . pnc 2019s results for 2011 were driven by good performance in a challenging environment of low interest rates , slow economic growth and new regulations . net interest income and net interest margin year ended december 31 dollars in millions 2011 2010 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net interest income</td><td>$ 8700</td><td>$ 9230</td></tr><tr><td>3</td><td>net interest margin</td><td>3.92% ( 3.92 % )</td><td>4.14% ( 4.14 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 analysis of year-to-year changes in net interest income and average consolidated balance sheet and net interest analysis in item 8 and the discussion of purchase accounting accretion in the consolidated balance sheet review in item 7 of this report for additional information . the decreases in net interest income and net interest margin for 2011 compared with 2010 were primarily attributable to a decrease in purchase accounting accretion on purchased impaired loans primarily due to lower excess cash recoveries . a decline in average loan balances and the low interest rate environment , partially offset by lower funding costs , also contributed to the decrease . the pnc financial services group , inc . 2013 form 10-k 35 .\nQuestion: for the combined years of 2010 and 2011, what were the total earnings from the black rock business segment?\nAnswer: 712.0\nQuestion: and in that first year, what was the noncash expense in connection with the redemption of tarp preferred stock?\nAnswer: 250.0\nQuestion: and what was the total net interest income?\n" }, { "role": "agent", "content": "9230.0" } ]
CONVFINQA586	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfederal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .\nQuestion: combined, what were the additions in 2006 and 207?\nAnswer: 197775.0\nQuestion: and in 2008?\nAnswer: 103.698\nQuestion: and converting this value into millions?\nAnswer: 103698.0\nQuestion: now combined with the values from 2006 and 2007?\nAnswer: 301473.0\nQuestion: so what is the average of these values?\n" }, { "role": "agent", "content": "100491.0" } ]
CONVFINQA4894	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nintangible assets such as patents , customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives . the weighted-average useful lives approximate the following: . <table class='wikitable'><tr><td>1</td><td>customer relationships</td><td>25</td><td>years</td></tr><tr><td>2</td><td>trademarks</td><td>25</td><td>years</td></tr><tr><td>3</td><td>completed technology/patents</td><td>10</td><td>years</td></tr><tr><td>4</td><td>other</td><td>25</td><td>years</td></tr></table> recoverability of intangible assets with finite useful lives is assessed in the same manner as property , plant and equipment as described above . income taxes : for purposes of the company 2019s consolidated financial statements for periods prior to the spin-off , income tax expense has been recorded as if the company filed tax returns on a stand-alone basis separate from ingersoll rand . this separate return methodology applies the accounting guidance for income taxes to the stand-alone financial statements as if the company was a stand-alone enterprise for the periods prior to the spin-off . therefore , cash tax payments and items of current and deferred taxes may not be reflective of the company 2019s actual tax balances prior to or subsequent to the spin-off . cash paid for income taxes , net of refunds for the twelve months ended december 31 , 2016 and 2015 was $ 10.4 million and $ 80.6 million , respectively . the 2016 net cash income taxes paid includes a refund of $ 46.2 million received from the canadian tax authorities . the income tax accounts reflected in the consolidated balance sheet as of december 31 , 2016 and 2015 include income taxes payable and deferred taxes allocated to the company at the time of the spin-off . the calculation of the company 2019s income taxes involves considerable judgment and the use of both estimates and allocations . deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse . the company recognizes future tax benefits , such as net operating losses and tax credits , to the extent that realizing these benefits is considered in its judgment to be more likely than not . the company regularly reviews the recoverability of its deferred tax assets considering its historic profitability , projected future taxable income , timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies . where appropriate , the company records a valuation allowance with respect to a future tax benefit . product warranties : standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience . the company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims , or as new information becomes available . revenue recognition : revenue is recognized and earned when all of the following criteria are satisfied : ( a ) persuasive evidence of a sales arrangement exists ; ( b ) the price is fixed or determinable ; ( c ) collectability is reasonably assured ; and ( d ) delivery has occurred or service has been rendered . delivery generally occurs when the title and the risks and rewards of ownership have transferred to the customer . both the persuasive evidence of a sales arrangement and fixed or determinable price criteria are deemed to be satisfied upon receipt of an executed and legally binding sales agreement or contract that clearly defines the terms and conditions of the transaction including the respective obligations of the parties . if the defined terms and conditions allow variability in all or a component of the price , revenue is not recognized until such time that the price becomes fixed or determinable . at the point of sale , the company validates the existence of an enforceable claim that requires payment within a reasonable amount of time and assesses the collectability of that claim . if collectability is not deemed to be reasonably assured , then revenue recognition is deferred until such time that collectability becomes probable or cash is received . delivery is not considered to have occurred until the customer has taken title and assumed the risks and rewards of ownership . service and installation revenue are recognized when earned . in some instances , customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the delivered product or service meets the criteria established in the order . in these instances , revenue recognition is deferred until the acceptance terms specified in the arrangement are fulfilled through customer acceptance or a demonstration that established criteria have been satisfied . if uncertainty exists about customer acceptance , revenue is not recognized until acceptance has occurred . the company offers various sales incentive programs to our customers , dealers , and distributors . sales incentive programs do not preclude revenue recognition , but do require an accrual for the company 2019s best estimate of expected activity . examples of the sales incentives that are accrued for as a contra receivable and sales deduction at the point of sale include , but are not limited to , discounts ( i.e . net 30 type ) , coupons , and rebates where the customer does not have to provide any additional requirements to receive the discount . sales returns and customer disputes involving a question of quantity or price are also accounted for as a .\nQuestion: what was the total cash paid for income taxes in the years of 2015 and 2016, combined?\n" }, { "role": "agent", "content": "91.0" } ]
CONVFINQA1805	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) the grant-date fair value of the award will be estimated using option-pricing models . in addition , certain tax effects of stock option exercises will be reported as a financing activity rather than an operating activity in the statements of cash flows . we adopted sfas 123r on january 1 , 2006 under the retrospective transition method using the black-scholes pricing model . the effect of expensing stock options under a fair value approach using the black-scholes pricing model on diluted earnings per common share for the years ended december 31 , 2005 , 2004 and 2003 is disclosed on page 69 . in addition , the classification of cash inflows from any excess tax benefit associated with exercising stock options will change from an operating activity to a financing activity in the consolidated statements of cash flows with no impact on total cash flows . we estimate the impact of this change in classification will decrease operating cash flows ( and increase financing cash flows ) by approximately $ 15.5 million in 2005 , $ 3.7 million in 2004 , and $ 15.2 million in 2003 . stock option expense after adopting sfas 123r is not expected to be materially different than our pro forma disclosure on page 69 and is dependent on levels of stock options granted during 2006 . 3 . acquisitions in january 2006 , our commercial segment reached an agreement to acquire cha service company , or cha health , a health plan serving employer groups in kentucky , for cash consideration of approximately $ 60.0 million plus any excess statutory surplus . this transaction , which is subject to regulatory approval , is expected to close effective in the second quarter of 2006 . on december 20 , 2005 , our commercial segment acquired corphealth , inc. , or corphealth , a behavioral health care management company , for cash consideration of approximately $ 54.2 million , including transaction costs . this acquisition allows humana to integrate coverage of medical and behavior health benefits . net tangible assets acquired of $ 6.0 million primarily consisted of cash and cash equivalents . the purchase price exceeded the estimated fair value of the net tangible assets acquired by approximately $ 48.2 million . we preliminarily allocated this excess purchase price to other intangible assets of $ 8.6 million and associated deferred tax liabilities of $ 3.2 million , and non-deductible goodwill of $ 42.8 million . the other intangible assets , which consist primarily of customer contracts , have a weighted average useful life of 14.7 years . the allocation is subject to change pending completion of the valuation by a third party valuation specialist firm assisting us in evaluating the fair value of the assets acquired . on february 16 , 2005 , our government segment acquired careplus health plans of florida , or careplus , as well as its affiliated 10 medical centers and pharmacy company . careplus provides medicare advantage hmo plans and benefits to medicare advantage members in miami-dade , broward and palm beach counties . this acquisition enhances our medicare market position in south florida . we paid approximately $ 444.9 million in cash , including transaction costs . we financed the transaction with $ 294.0 million of borrowings under our credit agreement and $ 150.9 million of cash on hand . the purchase price is subject to a balance sheet settlement process with a nine month claims run-out period . this settlement , which will be reflected as an adjustment to goodwill , is not expected to be material . the fair value of the acquired tangible assets ( assumed liabilities ) consisted of the following: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 92116</td></tr><tr><td>3</td><td>premiums receivable and other current assets</td><td>6510</td></tr><tr><td>4</td><td>property and equipment and other assets</td><td>21315</td></tr><tr><td>5</td><td>medical and other expenses payable</td><td>-37375 ( 37375 )</td></tr><tr><td>6</td><td>other current liabilities</td><td>-23359 ( 23359 )</td></tr><tr><td>7</td><td>other liabilities</td><td>-5915 ( 5915 )</td></tr><tr><td>8</td><td>net tangible assets acquired</td><td>$ 53292</td></tr></table> .\nQuestion: what was the value of medical and other expenses payable, in thousands?\n" }, { "role": "agent", "content": "37375.0" } ]
CONVFINQA6673	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncontainerboard , kraft papers and saturating kraft . kapstone also owns victory packaging , a packaging solutions distribution company with facilities in the u.s. , canada and mexico . we have included the financial results of kapstone in our corrugated packaging segment since the date of the acquisition . on september 4 , 2018 , we completed the acquisition ( the 201cschl fcter acquisition 201d ) of schl fcter print pharma packaging ( 201cschl fcter 201d ) . schl fcter is a leading provider of differentiated paper and packaging solutions and a german-based supplier of a full range of leaflets and booklets . the schl fcter acquisition allowed us to further enhance our pharmaceutical and automotive platform and expand our geographical footprint in europe to better serve our customers . we have included the financial results of the acquired operations in our consumer packaging segment since the date of the acquisition . on january 5 , 2018 , we completed the acquisition ( the 201cplymouth packaging acquisition 201d ) of substantially all of the assets of plymouth packaging , inc . ( 201cplymouth 201d ) . the assets we acquired included plymouth 2019s 201cbox on demand 201d systems , which are manufactured by panotec , an italian manufacturer of packaging machines . the addition of the box on demand systems enhanced our platform , differentiation and innovation . these systems , which are located on customers 2019 sites under multi-year exclusive agreements , use fanfold corrugated to produce custom , on-demand corrugated packaging that is accurately sized for any product type according to the customer 2019s specifications . fanfold corrugated is continuous corrugated board , folded periodically to form an accordion-like stack of corrugated material . as part of the transaction , westrock acquired plymouth 2019s equity interest in panotec and plymouth 2019s exclusive right from panotec to distribute panotec 2019s equipment in the u.s . and canada . we have fully integrated the approximately 60000 tons of containerboard used by plymouth annually . we have included the financial results of plymouth in our corrugated packaging segment since the date of the acquisition . see 201cnote 3 . acquisitions and investment 201d of the notes to consolidated financial statements for additional information . see also item 1a . 201crisk factors 2014 we may be unsuccessful in making and integrating mergers , acquisitions and investments , and completing divestitures 201d . business . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>year ended september 30 , 2019</td><td>year ended september 30 , 2018</td></tr><tr><td>2</td><td>net sales</td><td>$ 18289.0</td><td>$ 16285.1</td></tr><tr><td>3</td><td>segment income</td><td>$ 1790.2</td><td>$ 1707.6</td></tr></table> in fiscal 2019 , we continued to pursue our strategy of offering differentiated paper and packaging solutions that help our customers win . we successfully executed this strategy in fiscal 2019 in a rapidly changing cost and price environment . net sales of $ 18289.0 million for fiscal 2019 increased $ 2003.9 million , or 12.3% ( 12.3 % ) , compared to fiscal 2018 . the increase was primarily due to the kapstone acquisition and higher selling price/mix in our corrugated packaging and consumer packaging segments . these increases were partially offset by the absence of recycling net sales in fiscal 2019 as a result of conducting the operations primarily as a procurement function beginning in the first quarter of fiscal 2019 , lower volumes , unfavorable foreign currency impacts across our segments compared to the prior year and decreased land and development net sales . segment income increased $ 82.6 million in fiscal 2019 compared to fiscal 2018 , primarily due to increased corrugated packaging segment income that was partially offset by lower consumer packaging and land and development segment income . the impact of the contribution from the acquired kapstone operations , higher selling price/mix across our segments and productivity improvements was largely offset by lower volumes across our segments , economic downtime , cost inflation , increased maintenance and scheduled strategic outage expense ( including projects at our mahrt , al and covington , va mills ) and lower land and development segment income due to the wind-down of sales . with respect to segment income , we experienced higher levels of cost inflation in both our corrugated packaging and consumer packaging segments during fiscal 2019 as compared to fiscal 2018 that were partially offset by recovered fiber deflation . the primary inflationary items were virgin fiber , freight , energy and wage and other costs . we generated $ 2310.2 million of net cash provided by operating activities in fiscal 2019 , compared to $ 1931.2 million in fiscal 2018 . we remained committed to our disciplined capital allocation strategy during fiscal .\nQuestion: what was the value change in segment income?\nAnswer: 82.6\nQuestion: what was the percent change?\n" }, { "role": "agent", "content": "0.04837" } ]
CONVFINQA7612	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nreasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c48761 pcn : 058000000 *%%pcmsg\|58 \|00011\|yes\|no\|02/24/2009 19:25\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what is weighted average shares outstanding for diluted net earnings per share\t in 2007?\nAnswer: 237.5\nQuestion: what about in 2006?\nAnswer: 245.4\nQuestion: what is the ent change?\nAnswer: -7.9\nQuestion: what percentage change does this change represent?\n" }, { "role": "agent", "content": "-0.03219" } ]
CONVFINQA6843	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepatriated , the related u.s . tax liability may be reduced by any foreign income taxes paid on these earnings . as of november 30 , 2012 , the cumulative amount of earnings upon which u.s . income taxes have not been provided is approximately $ 2.9 billion . the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion . as of november 30 , 2012 , we have u.s . net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state . we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively . the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 . the state tax credit carryforwards can be carried forward indefinitely . the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized . in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation . these amounts are no longer included in our gross or net deferred tax assets . pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable . as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets . for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement . accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 163607</td><td>$ 156925</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>1038</td><td>11901</td></tr><tr><td>4</td><td>gross decreases in unrecognized tax benefits 2013 prior year tax positions</td><td>2014</td><td>-4154 ( 4154 )</td></tr><tr><td>5</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>23771</td><td>32420</td></tr><tr><td>6</td><td>settlements with taxing authorities</td><td>-1754 ( 1754 )</td><td>-29101 ( 29101 )</td></tr><tr><td>7</td><td>lapse of statute of limitations</td><td>-25387 ( 25387 )</td><td>-3825 ( 3825 )</td></tr><tr><td>8</td><td>foreign exchange gains and losses</td><td>-807 ( 807 )</td><td>-559 ( 559 )</td></tr><tr><td>9</td><td>ending balance</td><td>$ 160468</td><td>$ 163607</td></tr></table> as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed . our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable . we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .\nQuestion: what is the net change in the total gross amount of unrecognized tax benefits from 2010 to 2011?\nAnswer: 6682.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.04258" } ]
CONVFINQA3026	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2017</td><td>$ 1472.6</td></tr><tr><td>4</td><td>2016</td><td>301.2</td></tr><tr><td>5</td><td>2015</td><td>53.8</td></tr><tr><td>6</td><td>2014</td><td>56.3</td></tr><tr><td>7</td><td>2013</td><td>194.0</td></tr></table> our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .\nQuestion: what was the sum of pre-tax catastrophe loss in 2016 and 2017?\n" }, { "role": "agent", "content": "1773.8" } ]
CONVFINQA579	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-averageexercise price ofoutstanding options warrants and rights</td><td>number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1471449</td><td>$ 136.62</td><td>3578241</td></tr></table> part a0iii item a010 . directors , executive officers and corporate governance for the information required by this item a010 with respect to our executive officers , see part a0i , item 1 . of this report . for the other information required by this item a010 , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection a016 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the proxy statement for our 2019 annual meeting will be filed within 120 a0days after the end of the fiscal year covered by this annual report on form 10-k . item a011 . executive compensation for the information required by this item a011 , see 201ccompensation discussion and analysis , 201d 201ccompensation committee report , 201d and 201cexecutive compensation 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a012 . security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item a012 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . the following table sets forth certain information as of december a031 , 2018 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1471449 $ 136.62 3578241 ( 1 ) the number of securities in column ( a ) include 22290 shares of common stock underlying performance stock units if maximum performance levels are achieved ; the actual number of shares , if any , to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures . item a013 . certain relationships and related transactions , and director independence for the information required by this item a013 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference . item a014 . principal accounting fees and services for the information required by this item a014 , see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2019 annual meeting , which information is incorporated herein by reference. .\nQuestion: what was the number of securities to be issued upon exercise of outstanding options warrants and rights?\nAnswer: 1471449.0\nQuestion: what was the number of securities remaining available for future issuance under equity compensation plans?\nAnswer: 3578241.0\nQuestion: what is the sum total value?\n" }, { "role": "agent", "content": "5049690.0" } ]
CONVFINQA3954	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following is a reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefit 2014january 1 2008</td><td>$ 7928</td></tr><tr><td>2</td><td>ansoft unrecognized tax benefit 2014acquired july 31 2008</td><td>3525</td></tr><tr><td>3</td><td>gross increases 2014tax positions in prior period</td><td>2454</td></tr><tr><td>4</td><td>gross decreases 2014tax positions in prior period</td><td>-1572 ( 1572 )</td></tr><tr><td>5</td><td>gross increases 2014tax positions in current period</td><td>2255</td></tr><tr><td>6</td><td>reductions due to a lapse of the applicable statute of limitations</td><td>-1598 ( 1598 )</td></tr><tr><td>7</td><td>changes due to currency fluctuation</td><td>-259 ( 259 )</td></tr><tr><td>8</td><td>settlements</td><td>-317 ( 317 )</td></tr><tr><td>9</td><td>unrecognized tax benefit 2014december 31 2008</td><td>$ 12416</td></tr></table> included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate . also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes . the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months . the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense . related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 . penalties recorded during 2008 were insignificant . in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million . the company is subject to taxation in the u.s . and various states and foreign jurisdictions . the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service . the 2005 and 2006 federal returns are currently under examination . the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years . 10 . pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code . the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation . the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours . the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan . there is no matching employer contribution associated with this plan . the company also maintains various defined contribution pension arrangements for its international employees . expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 . 11 . non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and .\nQuestion: what was the change in unrecognized tax benefits\n" }, { "role": "agent", "content": "4488.0" } ]
CONVFINQA3272	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index as of the market close on september 30 , 2008 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . fiscal year ending september 30 . copyright 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright 2013 dow jones & co . all rights reserved . *$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 30 2008</td><td>september 30 2009</td><td>september 30 2010</td><td>september 30 2011</td><td>september 30 2012</td><td>september 30 2013</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 163</td><td>$ 250</td><td>$ 335</td><td>$ 589</td><td>$ 431</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 93</td><td>$ 103</td><td>$ 104</td><td>$ 135</td><td>$ 161</td></tr><tr><td>4</td><td>s&p computer hardware index</td><td>$ 100</td><td>$ 118</td><td>$ 140</td><td>$ 159</td><td>$ 255</td><td>$ 197</td></tr><tr><td>5</td><td>dow jones us technology supersector index</td><td>$ 100</td><td>$ 111</td><td>$ 124</td><td>$ 128</td><td>$ 166</td><td>$ 175</td></tr></table> .\nQuestion: what was the value of the s&p index in 2013?\nAnswer: 161.0\nQuestion: and what was the change in its value since 2008?\nAnswer: 61.0\nQuestion: in that same six year period, what was the change in the value of the apple inc . stock?\nAnswer: 331.0\nQuestion: and how much did this change represent in relation to that value in 2008?\nAnswer: 3.31\nQuestion: also in that period, what was the change in the value of the s&p computer hardware index?\nAnswer: 97.0\nQuestion: and what is this change as a portion of the 2008 value?\n" }, { "role": "agent", "content": "0.97" } ]
CONVFINQA2458	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2017 and 2016 , respectively: . <table class='wikitable'><tr><td>1</td><td>-</td><td>level 3</td></tr><tr><td>2</td><td>balance as of january 1 2017</td><td>$ 140</td></tr><tr><td>3</td><td>actual return on assets</td><td>2</td></tr><tr><td>4</td><td>purchases issuances and settlements net</td><td>136</td></tr><tr><td>5</td><td>balance as of december 31 2017</td><td>$ 278</td></tr></table> purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 4 ) balance as of december 31 , 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 140 the company 2019s postretirement benefit plans have different levels of funded status and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and meet the risk tolerance criteria of the company . the company periodically updates the long-term , strategic asset allocations for these plans through asset liability studies and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity needs , funding requirements , expected rates of return and the distribution of returns . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes , strategies are employed to provide adequate returns , diversification and liquidity . in 2012 , the company implemented a de-risking strategy for the american water pension plan after conducting an asset-liability study to reduce the volatility of the funded status of the plan . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of fixed-income assets relative to liabilities . the fixed income portion of the portfolio was designed to match the bond-like and long-dated nature of the postretirement liabilities . in 2017 , the company further increased its exposure to liability-driven investing and increased its fixed-income allocation to 50% ( 50 % ) , up from 40% ( 40 % ) , in an effort to further decrease the funded status volatility of the plan and hedge the portfolio from movements in interest rates . in 2012 , the company also implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . in 2017 , the company conducted a new asset-liability study that indicated medical trend inflation that outpaced the consumer price index by more than 2% ( 2 % ) for the last 20 years . given continuously rising medical costs , the company decided to increase the equity exposure of the portfolio to 30% ( 30 % ) , up from 20% ( 20 % ) , while reducing the fixed-income portion of the portfolio from 80% ( 80 % ) to 70% ( 70 % ) . the company also conducted an asset-liability study for the post-retirement non-bargaining medical plan . its allocation was adjusted to make it more conservative , reducing the equity allocation from 70% ( 70 % ) to 60% ( 60 % ) and increasing the fixed- income allocation from 30% ( 30 % ) to 40% ( 40 % ) . the post-retirement medical non-bargaining plan 2019s equity allocation was reduced due to the cap on benefits for some non-union participants and resultant reduction in the plan 2019s liabilities . these changes will take place in 2018 . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .\nQuestion: what was the change in the balance throughout 2017?\n" }, { "role": "agent", "content": "138.0" } ]
CONVFINQA6012	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nresult of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape . however , we continue to believe in the long term growth potential of this market . we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 . there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 . the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>global cruise guests ( 1 )</td><td>weighted-average supply of berths marketed globally ( 1 )</td><td>north american cruise guests ( 2 )</td><td>weighted-average supply of berths marketed in north america ( 1 )</td><td>european cruise guests</td><td>weighted-average supply of berths marketed in europe ( 1 )</td></tr><tr><td>2</td><td>2008</td><td>17184000</td><td>347000</td><td>10093000</td><td>219000</td><td>4500000</td><td>120000</td></tr><tr><td>3</td><td>2009</td><td>17340000</td><td>363000</td><td>10198000</td><td>222000</td><td>5000000</td><td>131000</td></tr><tr><td>4</td><td>2010</td><td>18800000</td><td>391000</td><td>10781000</td><td>232000</td><td>5540000</td><td>143000</td></tr><tr><td>5</td><td>2011</td><td>20227000</td><td>412000</td><td>11625000</td><td>245000</td><td>5894000</td><td>149000</td></tr><tr><td>6</td><td>2012</td><td>20823000</td><td>425000</td><td>12044000</td><td>254000</td><td>6040000</td><td>152000</td></tr></table> ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . ( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .\nQuestion: what was the total of global cruise guests in 2012?\nAnswer: 20823000.0\nQuestion: and what was that of 2008?\nAnswer: 17184000.0\nQuestion: what was, then, the change in global cruise guests over the years?\nAnswer: 3639000.0\nQuestion: what was the total of global cruise guests in 2008?\nAnswer: 17184000.0\nQuestion: and how much does that difference represent in relation to this total?\n" }, { "role": "agent", "content": "0.21177" } ]
CONVFINQA5745	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31 : 2007 2006 2005 ( in millions ) . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>united kingdom</td><td>$ 5951</td><td>$ 5531</td><td>$ 2696</td></tr><tr><td>3</td><td>canada</td><td>4565</td><td>2014</td><td>1463</td></tr><tr><td>4</td><td>australia</td><td>3567</td><td>1519</td><td>1441</td></tr><tr><td>5</td><td>netherlands</td><td>2014</td><td>2014</td><td>992</td></tr><tr><td>6</td><td>germany</td><td>2944</td><td>2696</td><td>4217</td></tr><tr><td>7</td><td>total cross-border outstandings</td><td>$ 17027</td><td>$ 9746</td><td>$ 10809</td></tr></table> the total cross-border outstandings presented in the table represented 12% ( 12 % ) , 9% ( 9 % ) and 11% ( 11 % ) of our consolidated total assets as of december 31 , 2007 , 2006 and 2005 , respectively . there were no cross- border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 , amounted to $ 1.05 billion ( canada ) and at december 31 , 2005 , amounted to $ 1.86 billion ( belgium and japan ) . capital regulatory and economic capital management both use key metrics evaluated by management to ensure that our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . the capital committee , working in conjunction with the asset and liability committee , referred to as 2018 2018alco , 2019 2019 oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve board . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve board and defined in the federal deposit insurance corporation improvement act of 1991 . state street bank must meet the regulatory capital thresholds for 2018 2018well capitalized 2019 2019 in order for the parent company to maintain its status as a financial holding company. .\nQuestion: what was the change in cross-border outstandings in the uk between 2006 and 2007?\n" }, { "role": "agent", "content": "420.0" } ]
CONVFINQA6308	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements 40 2016 ppg annual report and form 10-k 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition the company recognizes revenue when the earnings process is complete . revenue is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered . shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income . selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 322 million , $ 324 million and $ 297 million in 2016 , 2015 and 2014 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>research and development 2013 total</td><td>$ 487</td><td>$ 494</td><td>$ 499</td></tr><tr><td>3</td><td>less depreciation on research facilities</td><td>21</td><td>18</td><td>16</td></tr><tr><td>4</td><td>research and development net</td><td>$ 466</td><td>$ 476</td><td>$ 483</td></tr></table> legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . foreign currency translation the functional currency of most significant non-u.s . operations is their local currency . assets and liabilities of those operations are translated into u.s . dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period . unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity . cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less . short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year . the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows . marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .\nQuestion: what was the value for research and development net from 2015?\nAnswer: 476.0\nQuestion: what was the value in 2014?\n" }, { "role": "agent", "content": "483.0" } ]
CONVFINQA11023	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii , item 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income . 4 . acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash . eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels . the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) . <table class='wikitable'><tr><td>1</td><td>cash and short-term investments</td><td>$ 266</td></tr><tr><td>2</td><td>other current assets</td><td>23</td></tr><tr><td>3</td><td>fixed income investments held to maturity</td><td>54</td></tr><tr><td>4</td><td>vessels under construction</td><td>694</td></tr><tr><td>5</td><td>accounts payable and accrued liabilities</td><td>-17 ( 17 )</td></tr><tr><td>6</td><td>long-term debt</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>total purchase price</td><td>$ 838</td></tr></table> other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 . pro forma results pertaining to the above acquisitions are not presented as the impact was not significant . 5 . drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc . schlumberger records income relating to this venture using the equity method of accounting . the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet . schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 . schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 . the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice . if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. .\nQuestion: what was the value of long term debt?\n" }, { "role": "agent", "content": "182.0" } ]
CONVFINQA771	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) detail with respect to our investment portfolio as of december 31 , 2014 and 2013 is provided in note 3 to the consolidated financial statements included under item 8 of this form 10-k . loans and leases averaged $ 15.91 billion for the year ended 2014 , up from $ 13.78 billion in 2013 . the increase was mainly related to mutual fund lending and our continued investment in senior secured bank loans . mutual fund lending and senior secured bank loans averaged approximately $ 9.12 billion and $ 1.40 billion , respectively , for the year ended december 31 , 2014 compared to $ 8.16 billion and $ 170 million for the year ended december 31 , 2013 , respectively . average loans and leases also include short- duration advances . table 13 : u.s . and non-u.s . short-duration advances years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>average u.s . short-duration advances</td><td>$ 2355</td><td>$ 2356</td><td>$ 1972</td></tr><tr><td>3</td><td>average non-u.s . short-duration advances</td><td>1512</td><td>1393</td><td>1393</td></tr><tr><td>4</td><td>average total short-duration advances</td><td>$ 3867</td><td>$ 3749</td><td>$ 3365</td></tr><tr><td>5</td><td>average short-durance advances to average loans and leases</td><td>24% ( 24 % )</td><td>27% ( 27 % )</td><td>29% ( 29 % )</td></tr></table> average u.s . short-duration advances $ 2355 $ 2356 $ 1972 average non-u.s . short-duration advances 1512 1393 1393 average total short-duration advances $ 3867 $ 3749 $ 3365 average short-durance advances to average loans and leases 24% ( 24 % ) 27% ( 27 % ) 29% ( 29 % ) the decline in proportion of the average daily short-duration advances to average loans and leases is primarily due to growth in the other segments of the loan and lease portfolio . short-duration advances provide liquidity to clients in support of their investment activities . although average short-duration advances for the year ended december 31 , 2014 increased compared to the year ended december 31 , 2013 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 15.94 billion for the year ended december 31 , 2014 from $ 11.16 billion for the year ended december 31 , 2013 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our enhanced custody business . aggregate average interest-bearing deposits increased to $ 130.30 billion for the year ended december 31 , 2014 from $ 109.25 billion for year ended 2013 . the higher levels were primarily the result of increases in both u.s . and non-u.s . transaction accounts and time deposits . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings increased to $ 4.18 billion for the year ended december 31 , 2014 from $ 3.79 billion for the year ended 2013 . the increase was the result of a higher level of client demand for our commercial paper . the decline in rates paid from 1.6% ( 1.6 % ) in 2013 to 0.1% ( 0.1 % ) in 2014 resulted from a reclassification of certain derivative contracts that hedge our interest-rate risk on certain assets and liabilities , which reduced interest revenue and interest expense . average long-term debt increased to $ 9.31 billion for the year ended december 31 , 2014 from $ 8.42 billion for the year ended december 31 , 2013 . the increase primarily reflected the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , $ 1.0 billion of senior debt issued in november 2013 , and $ 1.0 billion of senior debt issued in december 2014 . this is partially offset by the maturities of $ 500 million of senior debt in may 2014 and $ 250 million of senior debt in march 2014 . average other interest-bearing liabilities increased to $ 7.35 billion for the year ended december 31 , 2014 from $ 6.46 billion for the year ended december 31 , 2013 , primarily the result of higher levels of cash collateral received from clients in connection with our enhanced custody business . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay-downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , municipal securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to influence what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .\nQuestion: what was the average long-term debt in 2014, in billions?\nAnswer: 9.31\nQuestion: and what was it in 2013, also in billions?\nAnswer: 8.42\nQuestion: by how much, then, did it increase over the year, in billions?\nAnswer: 0.89\nQuestion: and what is that in millions?\nAnswer: 890.0\nQuestion: in that same period, what was the variation in the average total short-duration advances?\n" }, { "role": "agent", "content": "118.0" } ]
CONVFINQA7758	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfederal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2006 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2003</td><td>$ 514177</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>82551</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-1390 ( 1390 )</td></tr><tr><td>4</td><td>balance december 31 2004</td><td>595338</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>83656</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-15244 ( 15244 )</td></tr><tr><td>7</td><td>balance december 31 2005</td><td>663750</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>89564</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-12807 ( 12807 )</td></tr><tr><td>10</td><td>balance december 31 2006</td><td>$ 740507</td></tr></table> .\nQuestion: what was the ratio of the additions in 2005 to the ones in 2004?\nAnswer: 1.01339\nQuestion: and what is the difference between this value and the number one?\nAnswer: 0.01339\nQuestion: and in the previous year of this period, what was the total of deductions?\nAnswer: 1390.0\nQuestion: what was it in 2004?\nAnswer: 15244.0\nQuestion: what was, then, the combined total for both years?\n" }, { "role": "agent", "content": "16634.0" } ]
CONVFINQA4049	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nin february 2008 , we issued $ 300.0 million of 8.375% ( 8.375 % ) series o cumulative redeemable preferred shares . the indentures ( and related supplemental indentures ) governing our outstanding series of notes also require us to comply with financial ratios and other covenants regarding our operations . we were in compliance with all such covenants as of december 31 , 2007 . sale of real estate assets we utilize sales of real estate assets as an additional source of liquidity . we pursue opportunities to sell real estate assets at favorable prices to capture value created by us as well as to improve the overall quality of our portfolio by recycling sale proceeds into new properties with greater value creation opportunities . uses of liquidity our principal uses of liquidity include the following : 2022 property investments ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 other contractual obligations property investments we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2007 , 2006 and 2005 , respectively ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>recurring tenant improvements</td><td>$ 45296</td><td>$ 41895</td><td>$ 60633</td></tr><tr><td>3</td><td>recurring leasing costs</td><td>32238</td><td>32983</td><td>33175</td></tr><tr><td>4</td><td>building improvements</td><td>8402</td><td>8122</td><td>15232</td></tr><tr><td>5</td><td>totals</td><td>$ 85936</td><td>$ 83000</td><td>$ 109040</td></tr></table> dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . we paid dividends per share of $ 1.91 , $ 1.89 and $ 1.87 for the years ended december 31 , 2007 , 2006 and 2005 , respectively . we also paid a one-time special dividend of $ 1.05 per share in 2005 as a result of the significant gain realized from an industrial portfolio sale . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . debt maturities debt outstanding at december 31 , 2007 totaled $ 4.3 billion with a weighted average interest rate of 5.74% ( 5.74 % ) maturing at various dates through 2028 . we had $ 3.2 billion of unsecured notes , $ 546.1 million outstanding on our unsecured lines of credit and $ 524.4 million of secured debt outstanding at december 31 , 2007 . scheduled principal amortization and maturities of such debt totaled $ 249.8 million for the year ended december 31 , 2007 and $ 146.4 million of secured debt was transferred to unconsolidated subsidiaries in connection with the contribution of properties in 2007. .\nQuestion: what is the increase in dividends per share from 2006 to 2007?\nAnswer: 0.02\nQuestion: what is the dividends per share in 2006?\nAnswer: 1.89\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.01058" } ]
CONVFINQA2608	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naffiliated company . the loss recorded on the sale was approximately $ 14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations . in the second quarter of 2002 , the company recorded an impairment charge of approximately $ 40 million , after income taxes , on an equity method investment in a telecommunications company in latin america held by edc . the impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company . during 2001 , the company lost operational control of central electricity supply corporation ( 2018 2018cesco 2019 2019 ) , a distribution company located in the state of orissa , india . cesco is accounted for as a cost method investment . in may 2000 , the company completed the acquisition of 100% ( 100 % ) of tractebel power ltd ( 2018 2018tpl 2019 2019 ) for approximately $ 67 million and assumed liabilities of approximately $ 200 million . tpl owned 46% ( 46 % ) of nigen . the company also acquired an additional 6% ( 6 % ) interest in nigen from minority stockholders during the year ended december 31 , 2000 through the issuance of approximately 99000 common shares of aes stock valued at approximately $ 4.9 million . with the completion of these transactions , the company owns approximately 98% ( 98 % ) of nigen 2019s common stock and began consolidating its financial results beginning may 12 , 2000 . approximately $ 100 million of the purchase price was allocated to excess of costs over net assets acquired and was amortized through january 1 , 2002 at which time the company adopted sfas no . 142 and ceased amortization of goodwill . in august 2000 , a subsidiary of the company acquired a 49% ( 49 % ) interest in songas limited ( 2018 2018songas 2019 2019 ) for approximately $ 40 million . the company acquired an additional 16.79% ( 16.79 % ) of songas for approximately $ 12.5 million , and the company began consolidating this entity in 2002 . songas owns the songo songo gas-to-electricity project in tanzania . in december 2002 , the company signed a sales purchase agreement to sell songas . the sale is expected to close in early 2003 . see note 4 for further discussion of the transaction . the following table presents summarized comparative financial information ( in millions ) for the company 2019s investments in 50% ( 50 % ) or less owned investments accounted for using the equity method. . <table class='wikitable'><tr><td>1</td><td>as of and for the years ended december 31,</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>revenues</td><td>$ 2832</td><td>$ 6147</td><td>$ 6241</td></tr><tr><td>3</td><td>operating income</td><td>695</td><td>1717</td><td>1989</td></tr><tr><td>4</td><td>net income</td><td>229</td><td>650</td><td>859</td></tr><tr><td>5</td><td>current assets</td><td>1097</td><td>3700</td><td>2423</td></tr><tr><td>6</td><td>noncurrent assets</td><td>6751</td><td>14942</td><td>13080</td></tr><tr><td>7</td><td>current liabilities</td><td>1418</td><td>3510</td><td>3370</td></tr><tr><td>8</td><td>noncurrent liabilities</td><td>3349</td><td>8297</td><td>5927</td></tr><tr><td>9</td><td>stockholder's equity</td><td>3081</td><td>6835</td><td>6206</td></tr></table> in 2002 , 2001 and 2000 , the results of operations and the financial position of cemig were negatively impacted by the devaluation of the brazilian real and the impairment charge recorded in 2002 . the brazilian real devalued 32% ( 32 % ) , 19% ( 19 % ) and 8% ( 8 % ) for the years ended december 31 , 2002 , 2001 and 2000 , respectively . the company recorded $ 83 million , $ 210 million , and $ 64 million of pre-tax non-cash foreign currency transaction losses on its investments in brazilian equity method affiliates during 2002 , 2001 and 2000 , respectively. .\nQuestion: what was the change in revenues for investments in 50% or less owned investments between 2001 and 2002?\nAnswer: -3315.0\nQuestion: and the percentage change during this time?\nAnswer: -0.53929\nQuestion: what was the difference in revenues for investments in 50% or less owned investments between 2000 and 2001?\nAnswer: -94.0\nQuestion: and the percentage change during this time?\n" }, { "role": "agent", "content": "-0.01506" } ]
CONVFINQA9301	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nloan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities . loan commitments are agreements by state street to lend monies at a future date . asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities . standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur . standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 . these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans . the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk . approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue . sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements . the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>indemnified securities on loan</td><td>$ 113047</td><td>$ 101438</td></tr><tr><td>3</td><td>loan commitments</td><td>12962</td><td>11367</td></tr><tr><td>4</td><td>asset purchase agreements</td><td>10366</td><td>7112</td></tr><tr><td>5</td><td>standby letters of credit</td><td>3918</td><td>4028</td></tr><tr><td>6</td><td>letters of credit</td><td>164</td><td>218</td></tr></table> state street corporation 53 .\nQuestion: what was the balance of loan commitments in 2001, in millions?\nAnswer: 12962.0\nQuestion: and what was it in 2000, also in millions?\nAnswer: 11367.0\nQuestion: what was, then, the change in balance of loan commitments over the year?\nAnswer: 1595.0\nQuestion: what was the total balance of loan commitments in 2000, in millions?\nAnswer: 11367.0\nQuestion: and how much does that change represent, in percentage, in relation to this 2000 total?\n" }, { "role": "agent", "content": "0.14032" } ]
CONVFINQA8266	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal years</td><td>operating leases</td></tr><tr><td>2</td><td>2011</td><td>$ 21871</td></tr><tr><td>3</td><td>2012</td><td>12322</td></tr><tr><td>4</td><td>2013</td><td>9078</td></tr><tr><td>5</td><td>2014</td><td>6381</td></tr><tr><td>6</td><td>2015</td><td>5422</td></tr><tr><td>7</td><td>later years</td><td>30655</td></tr><tr><td>8</td><td>total</td><td>$ 85729</td></tr></table> 12 . commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes . as to such claims and litigation , the company can give no assurance that it will prevail . the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows . 13 . retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees . the company maintains a defined contribution plan for the benefit of its eligible u.s . employees . this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation . in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation . the total expense related to the defined contribution plan for u.s . employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 . the company also has various defined benefit pension and other retirement plans for certain non-u.s . employees that are consistent with local statutory requirements and practices . the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s . employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 . during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end . non-u.s . plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country . the plans 2019 assets consist primarily of u.s . and non-u.s . equity securities , bonds , property and cash . the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the change in the total expense related to the defined contribution plan for u.s employees from fiscal 2009 to 2010?\nAnswer: -1.0\nQuestion: and what was that total expense in 2009?\n" }, { "role": "agent", "content": "21.5" } ]
CONVFINQA1404	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwe maintain an effective universal shelf registration that allows for the public offering and sale of debt securities , capital securities , common stock , depositary shares and preferred stock , and warrants to purchase such securities , including any shares into which the preferred stock and depositary shares may be convertible , or any combination thereof . we have , as discussed previously , issued in the past , and we may issue in the future , securities pursuant to the shelf registration . the issuance of debt or equity securities will depend on future market conditions , funding needs and other factors . additional information about debt and equity securities issued pursuant to this shelf registration is provided in notes 9 and 12 to the consolidated financial statements included under item 8 . we currently maintain a corporate commercial paper program , under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue . at december 31 , 2011 , we had $ 2.38 billion of commercial paper outstanding , compared to $ 2.80 billion at december 31 , 2010 . additional information about our corporate commercial paper program is provided in note 8 to the consolidated financial statements included under item 8 . state street bank had initial board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 1 billion of subordinated bank notes . approximately $ 2.05 billion was available under this board authority as of december 31 , 2011 . in 2011 , $ 2.45 billion of senior notes , which were outstanding at december 31 , 2010 , matured . state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 787 million as of december 31 , 2011 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2011 , no balance was outstanding on this line of credit . contractual cash obligations . <table class='wikitable'><tr><td>1</td><td>as of december 31 2011 ( in millions )</td><td>payments due by period total</td><td>payments due by period less than 1 year</td><td>payments due by period 1-3 years</td><td>payments due by period 4-5 years</td><td>payments due by period over 5 years</td></tr><tr><td>2</td><td>long-term debt ( 1 )</td><td>$ 9276</td><td>$ 1973</td><td>$ 1169</td><td>$ 1944</td><td>$ 4190</td></tr><tr><td>3</td><td>operating leases</td><td>1129</td><td>237</td><td>389</td><td>228</td><td>275</td></tr><tr><td>4</td><td>capital lease obligations</td><td>989</td><td>68</td><td>136</td><td>138</td><td>647</td></tr><tr><td>5</td><td>total contractual cash obligations</td><td>$ 11394</td><td>$ 2278</td><td>$ 1694</td><td>$ 2310</td><td>$ 5112</td></tr></table> ( 1 ) long-term debt excludes capital lease obligations ( presented as a separate line item ) and the effect of interest-rate swaps . interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect as of december 31 , 2011 . the obligations presented in the table above are recorded in our consolidated statement of condition at december 31 , 2011 , except for interest on long-term debt and capital lease obligations . the table does not include obligations which will be settled in cash , primarily in less than one year , such as deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings . additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 7 and 8 to the consolidated financial statements included under item 8 . the table does not include obligations related to derivative instruments , because the amounts included in our consolidated statement of condition at december 31 , 2011 related to derivatives do not represent the amounts that may ultimately be paid under the contracts upon settlement . additional information about derivative contracts is provided in note 16 to the consolidated financial statements included under item 8 . we have obligations under pension and other post-retirement benefit plans , more fully described in note 18 to the consolidated financial statements included under item 8 , which are not included in the above table . additional information about contractual cash obligations related to long-term debt and operating and capital leases is provided in notes 9 and 19 to the consolidated financial statements included under item 8 . the consolidated statement of cash flows , also included under item 8 , provides additional liquidity information. .\nQuestion: in 2011, what amount of the long-term debt was due in less than 1 year?\nAnswer: 1973.0\nQuestion: and what was the total of that long-term debt?\nAnswer: 9276.0\nQuestion: what percentage, then, does that amount represent in relation to this total?\nAnswer: 0.2127\nQuestion: and concerning the entire period, what becomes this percentage of long-term debt due in less that one year to the total?\n" }, { "role": "agent", "content": "0.19993" } ]
CONVFINQA1501	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nzimmer biomet holdings , inc . and subsidiaries 2017 form 10-k annual report notes to consolidated financial statements ( continued ) substantially complete . the following table summarizes the liabilities related to these integration plans ( in millions ) : employee termination benefits contract terminations total . <table class='wikitable'><tr><td>1</td><td>-</td><td>employee termination benefits</td><td>contract terminations</td><td>total</td></tr><tr><td>2</td><td>balance december 31 2016</td><td>$ 38.1</td><td>$ 35.1</td><td>$ 73.2</td></tr><tr><td>3</td><td>additions</td><td>12.1</td><td>5.2</td><td>17.3</td></tr><tr><td>4</td><td>cash payments</td><td>-36.7 ( 36.7 )</td><td>-10.4 ( 10.4 )</td><td>-47.1 ( 47.1 )</td></tr><tr><td>5</td><td>foreign currency exchange rate changes</td><td>1.3</td><td>0.4</td><td>1.7</td></tr><tr><td>6</td><td>balance december 31 2017</td><td>$ 14.8</td><td>$ 30.3</td><td>$ 45.1</td></tr></table> we have also recognized other employee termination benefits related to ldr , other acquisitions and our operational excellence initiatives . dedicated project personnel expenses include the salary , benefits , travel expenses and other costs directly associated with employees who are 100 percent dedicated to our integration of acquired businesses , employees who have been notified of termination , but are continuing to work on transferring their responsibilities and employees working on our quality enhancement and remediation efforts and operational excellence initiatives . relocated facilities expenses are the moving costs , lease expenses and other facility costs incurred during the relocation period in connection with relocating certain facilities . certain litigation matters relate to net expenses recognized during the year for the estimated or actual settlement of certain pending litigation and similar claims , including matters where we recognized income from a settlement on more favorable terms than our previous estimate , or we reduced our estimate of a previously recorded contingent liability . these litigation matters have included royalty disputes , patent litigation matters , product liability litigation matters and commercial litigation matters . contract termination costs relate to terminated agreements in connection with the integration of acquired companies and changes to our distribution model as part of business restructuring and operational excellence initiatives . the terminated contracts primarily relate to sales agents and distribution agreements . information technology integration costs are non- capitalizable costs incurred related to integrating information technology platforms of acquired companies or other significant software implementations as part of our quality and operational excellence initiatives . as part of the biomet merger , we recognized $ 209.0 million of intangible assets for in-process research and development ( 201cipr&d 201d ) projects . during 2017 and 2016 , we recorded impairment losses of $ 18.8 million and $ 30.0 million , respectively , related to these ipr&d intangible assets . the impairments were primarily due to the termination of certain ipr&d projects . we also recognized $ 479.0 million of intangible assets for trademarks that we designated as having an indefinite life . during 2017 , we reclassified one of these trademarks to a finite life asset which resulted in an impairment of $ 8.0 million . loss/impairment on disposal of assets relates to assets that we have sold or intend to sell , or for which the economic useful life of the asset has been significantly reduced due to integration or our quality and operational excellence initiatives . contingent consideration adjustments represent the changes in the fair value of contingent consideration obligations to be paid to the prior owners of acquired businesses . certain r&d agreements relate to agreements with upfront payments to obtain intellectual property to be used in r&d projects that have no alternative future use in other projects . cash and cash equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and cash equivalents are valued at cost , which approximates their fair value . accounts receivable 2013 accounts receivable consists of trade and other miscellaneous receivables . we grant credit to customers in the normal course of business and maintain an allowance for doubtful accounts for potential credit losses . we determine the allowance for doubtful accounts by geographic market and take into consideration historical credit experience , creditworthiness of the customer and other pertinent information . we make concerted efforts to collect all accounts receivable , but sometimes we have to write-off the account against the allowance when we determine the account is uncollectible . the allowance for doubtful accounts was $ 60.2 million and $ 51.6 million as of december 31 , 2017 and 2016 , respectively . inventories 2013 inventories are stated at the lower of cost or market , with cost determined on a first-in first-out basis . property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements and three to eight years for machinery and equipment . maintenance and repairs are expensed as incurred . we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable . an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount . an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value . software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended . capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related .\nQuestion: what was the allowance for doubtful accounts as of 12/31/17?\n" }, { "role": "agent", "content": "60.2" } ]
CONVFINQA5666	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsynopsys , inc . notes to consolidated financial statements 2014continued acquisition of magma design automation , inc . ( magma ) on february 22 , 2012 , the company acquired all outstanding shares of magma , a chip design software provider , at a per-share price of $ 7.35 . additionally , the company assumed unvested restricted stock units ( rsus ) and stock options , collectively called 201cequity awards . 201d the aggregate purchase price was approximately $ 550.2 million . this acquisition enables the company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools . as of october 31 , 2012 , the total purchase consideration and the preliminary purchase price allocation were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash paid</td><td>$ 543437</td></tr><tr><td>3</td><td>fair value of assumed equity awards allocated to purchase consideration</td><td>6797</td></tr><tr><td>4</td><td>total purchase consideration</td><td>$ 550234</td></tr><tr><td>5</td><td>goodwill</td><td>316263</td></tr><tr><td>6</td><td>identifiable intangibles assets acquired</td><td>184300</td></tr><tr><td>7</td><td>cash and other assets acquired</td><td>116265</td></tr><tr><td>8</td><td>debt and liabilities assumed</td><td>-66594 ( 66594 )</td></tr><tr><td>9</td><td>total purchase allocation</td><td>$ 550234</td></tr></table> goodwill of $ 316.3 million , which is not deductible for tax purposes , primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of magma 2019s technology and operations with the company 2019s technology and operations . identifiable intangible assets , consisting primarily of technology , customer relationships , backlog and trademarks , were valued using the income method , and are being amortized over three to ten years . acquisition-related costs directly attributable to the business combination totaling $ 33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs , contract terminations , professional services , and facilities closure costs . fair value of equity awards assumed . the company assumed unvested restricted stock units ( rsus ) and stock options with a fair value of $ 22.2 million . the black-scholes option-pricing model was used to determine the fair value of these stock options , whereas the fair value of the rsus was based on the market price on the grant date of the instruments . the black-scholes option-pricing model incorporates various subjective assumptions including expected volatility , expected term and risk-free interest rates . the expected volatility was estimated by a combination of implied and historical stock price volatility of the options . of the total fair value of the equity awards assumed , $ 6.8 million was allocated to the purchase consideration and $ 15.4 million was allocated to future services to be expensed over their remaining service periods on a straight-line basis . supplemental pro forma information ( unaudited ) . the financial information in the table below summarizes the combined results of operations of the company and magma , on a pro forma basis , as though the companies had been combined as of the beginning of fiscal 2011. .\nQuestion: what is the sum of goodwill and identifiable intangibles assets acquired\nAnswer: 500563.0\nQuestion: what was the total purchase allocation?\nAnswer: 550234.0\nQuestion: what is the prior sum divided by the total purchase allocation?\n" }, { "role": "agent", "content": "0.90973" } ]
CONVFINQA2577	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n$ 25.7 million in cash , including $ 4.2 million in taxes and 1373609 of hep 2019s common units having a fair value of $ 53.5 million . roadrunner / beeson pipelines transaction also on december 1 , 2009 , hep acquired our two newly constructed pipelines for $ 46.5 million , consisting of a 65- mile , 16-inch crude oil pipeline ( the 201croadrunner pipeline 201d ) that connects our navajo refinery lovington facility to a terminus of centurion pipeline l.p . 2019s pipeline extending between west texas and cushing , oklahoma and a 37- mile , 8-inch crude oil pipeline that connects hep 2019s new mexico crude oil gathering system to our navajo refinery lovington facility ( the 201cbeeson pipeline 201d ) . tulsa west loading racks transaction on august 1 , 2009 , hep acquired from us , certain truck and rail loading/unloading facilities located at our tulsa west facility for $ 17.5 million . the racks load refined products and lube oils produced at the tulsa west facility onto rail cars and/or tanker trucks . lovington-artesia pipeline transaction on june 1 , 2009 , hep acquired our newly constructed , 16-inch intermediate pipeline for $ 34.2 million that runs 65 miles from our navajo refinery 2019s crude oil distillation and vacuum facilities in lovington , new mexico to its petroleum refinery located in artesia , new mexico . slc pipeline joint venture interest on march 1 , 2009 , hep acquired a 25% ( 25 % ) joint venture interest in the slc pipeline , a new 95-mile intrastate pipeline system jointly owned with plains . the slc pipeline commenced operations effective march 2009 and allows various refineries in the salt lake city area , including our woods cross refinery , to ship crude oil into the salt lake city area from the utah terminus of the frontier pipeline as well as crude oil flowing from wyoming and utah via plains 2019 rocky mountain pipeline . hep 2019s capitalized joint venture contribution was $ 25.5 million . rio grande pipeline sale on december 1 , 2009 , hep sold its 70% ( 70 % ) interest in rio grande pipeline company ( 201crio grande 201d ) to a subsidiary of enterprise products partners lp for $ 35 million . results of operations of rio grande are presented in discontinued operations . in accounting for this sale , hep recorded a gain of $ 14.5 million and a receivable of $ 2.2 million representing its final distribution from rio grande . the recorded net asset balance of rio grande at december 1 , 2009 , was $ 22.7 million , consisting of cash of $ 3.1 million , $ 29.9 million in properties and equipment , net and $ 10.3 million in equity , representing bp , plc 2019s 30% ( 30 % ) noncontrolling interest . the following table provides income statement information related to hep 2019s discontinued operations : year ended december 31 , 2009 ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2009 ( in thousands )</td></tr><tr><td>2</td><td>income from discontinued operations before income taxes</td><td>$ 5367</td></tr><tr><td>3</td><td>income tax expense</td><td>-942 ( 942 )</td></tr><tr><td>4</td><td>income from discontinued operations net</td><td>4425</td></tr><tr><td>5</td><td>gain on sale of discontinued operations before income taxes</td><td>14479</td></tr><tr><td>6</td><td>income tax expense</td><td>-1978 ( 1978 )</td></tr><tr><td>7</td><td>gain on sale of discontinued operations net</td><td>12501</td></tr><tr><td>8</td><td>income from discontinued operations net</td><td>$ 16926</td></tr></table> transportation agreements hep serves our refineries under long-term pipeline and terminal , tankage and throughput agreements expiring in 2019 through 2026 . under these agreements , we pay hep fees to transport , store and throughput volumes of refined product and crude oil on hep 2019s pipeline and terminal , tankage and loading rack facilities that result in minimum annual payments to hep . under these agreements , the agreed upon tariff rates are subject to annual tariff rate adjustments on july 1 at a rate based upon the percentage change in producer price index ( 201cppi 201d ) or federal energy .\nQuestion: what is the value of cash?\nAnswer: 25.7\nQuestion: what is the value of taxes?\nAnswer: 4.2\nQuestion: what is the sum of cash and taxes?\nAnswer: 29.9\nQuestion: what is the total fair value less the sum of cash and taxes?\n" }, { "role": "agent", "content": "23.6" } ]
CONVFINQA7071	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfoodservice sales volumes increased in 2012 compared with 2011 . average sales margins were higher reflecting the realization of sales price increases for the pass-through of earlier cost increases . raw material costs for board and resins were lower . operating costs and distribution costs were both higher . the u.s . shorewood business was sold december 31 , 2011 and the non-u.s . business was sold in january looking ahead to the first quarter of 2013 , coated paperboard sales volumes are expected to increase slightly from the fourth quarter of 2012 . average sales price realizations are expected to be slightly lower , but margins should benefit from a more favorable product mix . input costs are expected to be higher for energy and wood . no planned main- tenance outages are scheduled in the first quarter . in january 2013 the company announced the perma- nent shutdown of a coated paperboard machine at the augusta mill with an annual capacity of 140000 tons . foodservice sales volumes are expected to increase . average sales margins are expected to decrease due to the realization of sales price decreases effective with our january contract open- ers . input costs for board and resin are expected to be lower and operating costs are also expected to decrease . european consumer packaging net sales in 2012 were $ 380 million compared with $ 375 million in 2011 and $ 345 million in 2010 . operating profits in 2012 were $ 99 million compared with $ 93 million in 2011 and $ 76 million in 2010 . sales volumes in 2012 increased from 2011 . average sales price realizations were higher in russian markets , but were lower in european markets . input costs decreased , primarily for wood , and planned maintenance downtime costs were lower in 2012 than in 2011 . looking forward to the first quarter of 2013 , sales volumes are expected to decrease in both europe and russia . average sales price realizations are expected to be higher in russia , but be more than offset by decreases in europe . input costs are expected to increase for wood and chemicals . no maintenance outages are scheduled for the first quarter . asian consumer packaging net sales were $ 830 million in 2012 compared with $ 855 million in 2011 and $ 705 million in 2010 . operating profits in 2012 were $ 4 million compared with $ 35 million in 2011 and $ 34 million in 2010 . sales volumes increased in 2012 compared with 2011 partially due to the start-up of a new coated paperboard machine . average sales price realizations were significantly lower , but were partially offset by lower input costs for purchased pulp . start-up costs for a new coated paperboard machine adversely impacted operating profits in 2012 . in the first quarter of 2013 , sales volumes are expected to increase slightly . average sales price realizations for folding carton board and bristols board are expected to be lower reflecting increased competitive pressures and seasonally weaker market demand . input costs should be higher for pulp and chemicals . however , costs related to the ramp-up of the new coated paperboard machine should be lower . distribution xpedx , our distribution business , is one of north america 2019s leading business-to-business distributors to manufacturers , facility managers and printers , providing customized solutions that are designed to improve efficiency , reduce costs and deliver results . customer demand is generally sensitive to changes in economic conditions and consumer behavior , along with segment specific activity including corpo- rate advertising and promotional spending , government spending and domestic manufacturing activity . distribution 2019s margins are relatively stable across an economic cycle . providing customers with the best choice for value in both products and supply chain services is a key competitive factor . addition- ally , efficient customer service , cost-effective logis- tics and focused working capital management are key factors in this segment 2019s profitability . distribution . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>sales</td><td>$ 6040</td><td>$ 6630</td><td>$ 6735</td></tr><tr><td>3</td><td>operating profit</td><td>22</td><td>34</td><td>78</td></tr></table> distr ibut ion 2019s 2012 annual sales decreased 9% ( 9 % ) from 2011 , and decreased 10% ( 10 % ) from 2010 . operating profits in 2012 were $ 22 million ( $ 71 million exclud- ing reorganization costs ) compared with $ 34 million ( $ 86 million excluding reorganization costs ) in 2011 and $ 78 million in 2010 . annual sales of printing papers and graphic arts supplies and equipment totaled $ 3.5 billion in 2012 compared with $ 4.0 billion in 2011 and $ 4.2 billion in 2010 , reflecting declining demand and the exiting of unprofitable businesses . trade margins as a percent of sales for printing papers were relatively even with both 2011 and 2010 . revenue from packaging prod- ucts was flat at $ 1.6 billion in both 2012 and 2011 and up slightly compared to $ 1.5 billion in 2010 . pack- aging margins increased in 2012 from both 2011 and 2010 , reflecting the successful execution of strategic sourcing initiatives . facility supplies annual revenue was $ 0.9 billion in 2012 , down compared to $ 1.0 bil- lion in 2011 and 2010 . operating profits in 2012 included $ 49 million of reorganization costs for severance , professional services and asset write-downs compared with $ 52 .\nQuestion: what are the total annual sales of printing papers and graphic arts supplies and equipment in 2012, in millions?\nAnswer: 3500.0\nQuestion: what is the sales generated via distribution channel in 2012?\nAnswer: 6040.0\nQuestion: what portion of total sales is via distribution?\nAnswer: 0.57947\nQuestion: what about the total annual sales of printing papers and graphic arts supplies and equipment in 2011, in millions?\n" }, { "role": "agent", "content": "4000.0" } ]
CONVFINQA7403	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring 2014 , 2013 and 2012 , netherland , sewell & associates , inc . ( \"nsai\" ) prepared a certification of the prior year's reserves for the alba field in e.g . the nsai summary reports are filed as an exhibit to this annual report on form 10-k . members of the nsai team have multiple years of industry experience , having worked for large , international oil and gas companies before joining nsai . the senior technical advisor has over 35 years of practical experience in petroleum geosciences , with over 15 years experience in the estimation and evaluation of reserves . the second team member has over 10 years of practical experience in petroleum engineering , with 5 years experience in the estimation and evaluation of reserves . both are registered professional engineers in the state of texas . ryder scott company ( \"ryder scott\" ) also performed audits of the prior years' reserves of several of our fields in 2014 , 2013 and 2012 . their summary reports are filed as exhibits to this annual report on form 10-k . the team lead for ryder scott has over 20 years of industry experience , having worked for a major international oil and gas company before joining ryder scott . he is a member of spe , where he served on the oil and gas reserves committee , and is a registered professional engineer in the state of texas . changes in proved undeveloped reserves as of december 31 , 2014 , 728 mmboe of proved undeveloped reserves were reported , an increase of 101 mmboe from december 31 , 2013 . the following table shows changes in total proved undeveloped reserves for 2014 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>627</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>1</td></tr><tr><td>3</td><td>improved recovery</td><td>1</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>4</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>227</td></tr><tr><td>6</td><td>dispositions</td><td>-29 ( 29 )</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-103 ( 103 )</td></tr><tr><td>8</td><td>end of year</td><td>728</td></tr></table> significant additions to proved undeveloped reserves during 2014 included 121 mmboe in the eagle ford and 61 mmboe in the bakken shale plays due to development drilling . transfers from proved undeveloped to proved developed reserves included 67 mmboe in the eagle ford , 26 mmboe in the bakken and 1 mmboe in the oklahoma resource basins due to development drilling and completions . costs incurred in 2014 , 2013 and 2012 relating to the development of proved undeveloped reserves , were $ 3149 million , $ 2536 million and $ 1995 million . a total of 102 mmboe was booked as extensions , discoveries or other additions due to the application of reliable technology . technologies included statistical analysis of production performance , decline curve analysis , pressure and rate transient analysis , reservoir simulation and volumetric analysis . the statistical nature of production performance coupled with highly certain reservoir continuity or quality within the reliable technology areas and sufficient proved undeveloped locations establish the reasonable certainty criteria required for booking proved reserves . projects can remain in proved undeveloped reserves for extended periods in certain situations such as large development projects which take more than five years to complete , or the timing of when additional gas compression is needed . of the 728 mmboe of proved undeveloped reserves at december 31 , 2014 , 19 percent of the volume is associated with projects that have been included in proved reserves for more than five years . the majority of this volume is related to a compression project in e.g . that was sanctioned by our board of directors in 2004 . the timing of the installation of compression is being driven by the reservoir performance with this project intended to maintain maximum production levels . performance of this field since the board sanctioned the project has far exceeded expectations . estimates of initial dry gas in place increased by roughly 10 percent between 2004 and 2010 . during 2012 , the compression project received the approval of the e.g . government , allowing design and planning work to progress towards implementation , with completion expected by mid-2016 . the other component of alba proved undeveloped reserves is an infill well approved in 2013 and to be drilled in the second quarter of 2015 . proved undeveloped reserves for the north gialo development , located in the libyan sahara desert , were booked for the first time in 2010 . this development , which is anticipated to take more than five years to develop , is executed by the operator and encompasses a multi-year drilling program including the design , fabrication and installation of extensive liquid handling and gas recycling facilities . anecdotal evidence from similar development projects in the region lead to an expected project execution time frame of more than five years from the time the reserves were initially booked . interruptions associated with the civil unrest in 2011 and third-party labor strikes and civil unrest in 2013-2014 have also extended the project duration . as of december 31 , 2014 , future development costs estimated to be required for the development of proved undeveloped crude oil and condensate , ngls , natural gas and synthetic crude oil reserves related to continuing operations for the years 2015 through 2019 are projected to be $ 2915 million , $ 2598 million , $ 2493 million , $ 2669 million and $ 2745 million. .\nQuestion: what was the total of undeveloped reserves in the end of 2014?\n" }, { "role": "agent", "content": "728.0" } ]
CONVFINQA4409	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npage 31 of 98 additional details about the company 2019s receivables sales agreement and debt are available in notes 6 and 12 , respectively , accompanying the consolidated financial statements within item 8 of this report . other liquidity items cash payments required for long-term debt maturities , rental payments under noncancellable operating leases and purchase obligations in effect at december 31 , 2006 , are summarized in the following table: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>payments due by period ( a ) total</td><td>payments due by period ( a ) less than1 year</td><td>payments due by period ( a ) 1-3 years</td><td>payments due by period ( a ) 3-5 years</td><td>payments due by period ( a ) more than 5 years</td></tr><tr><td>2</td><td>long-term debt</td><td>$ 2301.6</td><td>$ 38.5</td><td>$ 278.4</td><td>$ 972.9</td><td>$ 1011.8</td></tr><tr><td>3</td><td>capital lease obligations</td><td>7.6</td><td>2.7</td><td>2.4</td><td>0.4</td><td>2.1</td></tr><tr><td>4</td><td>interest payments on long-term debt ( b )</td><td>826.5</td><td>138.8</td><td>259.4</td><td>204.8</td><td>223.5</td></tr><tr><td>5</td><td>operating leases</td><td>185.9</td><td>45.0</td><td>58.5</td><td>38.7</td><td>43.7</td></tr><tr><td>6</td><td>purchase obligations ( c )</td><td>7450.4</td><td>2682.5</td><td>3169.4</td><td>1524.6</td><td>73.9</td></tr><tr><td>7</td><td>total payments on contractual obligations</td><td>$ 10772.0</td><td>$ 2907.5</td><td>$ 3768.1</td><td>$ 2741.4</td><td>$ 1355.0</td></tr></table> total payments on contractual obligations $ 10772.0 $ 2907.5 $ 3768.1 $ 2741.4 $ 1355.0 ( a ) amounts reported in local currencies have been translated at the year-end exchange rates . ( b ) for variable rate facilities , amounts are based on interest rates in effect at year end . ( c ) the company 2019s purchase obligations include contracted amounts for aluminum , steel , plastic resin and other direct materials . also included are commitments for purchases of natural gas and electricity , aerospace and technologies contracts and other less significant items . in cases where variable prices and/or usage are involved , management 2019s best estimates have been used . depending on the circumstances , early termination of the contracts may not result in penalties and , therefore , actual payments could vary significantly . contributions to the company 2019s defined benefit pension plans , not including the unfunded german plans , are expected to be $ 69.1 million in 2007 . this estimate may change based on plan asset performance . benefit payments related to these plans are expected to be $ 62.6 million , $ 65.1 million , $ 68.9 million , $ 73.9 million and $ 75.1 million for the years ending december 31 , 2007 through 2011 , respectively , and $ 436.7 million combined for 2012 through 2016 . payments to participants in the unfunded german plans are expected to be $ 24.6 million , $ 25.1 million , $ 25.5 million , $ 25.9 million and $ 26.1 million in the years 2007 through 2011 , respectively , and a total of $ 136.6 million thereafter . we reduced our share repurchase program in 2006 to $ 45.7 million , net of issuances , compared to $ 358.1 million net repurchases in 2005 and $ 50 million in 2004 . the net repurchases in 2006 did not include a forward contract entered into in december 2006 for the repurchase of 1200000 shares . the contract was settled on january 5 , 2007 , for $ 51.9 million in cash . in 2007 we expect to repurchase approximately $ 175 million , net of issuances , and to reduce debt levels by more than $ 125 million . annual cash dividends paid on common stock were 40 cents per share in 2006 and 2005 and 35 cents per share in 2004 . total dividends paid were $ 41 million in 2006 , $ 42.5 million in 2005 and $ 38.9 million in 2004. .\nQuestion: what was the value of share repurchases in 2005?\n" }, { "role": "agent", "content": "358.1" } ]
CONVFINQA6633	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\no 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years . employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value . participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan . the stock purchase plan authorizes up to 2600000 shares to be granted . during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share . during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share . during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share . sfas no . 123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees . during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 . at december 31 , 2006 , approximately 400000 shares were reserved for future issuance . other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service . the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed . the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors . the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock . a total of 4200000 shares of common stock have been authorized for issuance under this plan . during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 . during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 . during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 . the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 . the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 . the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 . the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 . a portion of these shares related to profit sharing contributions accrued in prior periods . at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan . the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred . shares are forfeited when an employee ceases employment . a total of 800000 shares of common stock have been authorized for issuance under this plan . shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period . the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 . the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 . the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 . the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively . the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 . the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 . the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 . the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 . compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period . changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted-average grant date fair value</td></tr><tr><td>2</td><td>non-vested at december 31 2005</td><td>15052</td><td>$ 22.68</td></tr><tr><td>3</td><td>granted during the period</td><td>18698</td><td>33.12</td></tr><tr><td>4</td><td>vested during the period</td><td>-15685 ( 15685 )</td><td>26.49</td></tr><tr><td>5</td><td>forfeited during the period</td><td>-1774 ( 1774 )</td><td>27.94</td></tr><tr><td>6</td><td>non-vested at december 31 2006</td><td>16291</td><td>$ 30.80</td></tr></table> at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan . n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .\nQuestion: how many shares were issued in 2006?\nAnswer: 165306.0\nQuestion: what was the average price per share?\n" }, { "role": "agent", "content": "27.36" } ]
CONVFINQA2968	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand . although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end . we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards . these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) . 2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low . throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel . overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 . we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel . the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement . 2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 . free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k . we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 3234</td><td>$ 4070</td><td>$ 3277</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-2175 ( 2175 )</td><td>-2764 ( 2764 )</td><td>-2426 ( 2426 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-544 ( 544 )</td><td>-481 ( 481 )</td><td>-364 ( 364 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 515</td><td>$ 825</td><td>$ 487</td></tr></table> 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees . we will continue implementing total safety culture ( tsc ) throughout our operations . tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers . this process allows us to identify and implement best practices for employee and operational safety . reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities . 2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization . we plan to adjust manpower and our locomotive and rail car fleets to .\nQuestion: what was the value of free cash flow in 2009?\nAnswer: 515.0\nQuestion: what is the value for 2008?\nAnswer: 825.0\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "-310.0" } ]
CONVFINQA8732	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating lease agreements . included in these amounts was contingent rent expense of $ 3.6 million , $ 2.0 million and $ 0.6 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . the operating lease obligations included above do not include any contingent rent . sponsorships and other marketing commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2011 : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2012</td><td>$ 52855</td></tr><tr><td>2</td><td>2013</td><td>46910</td></tr><tr><td>3</td><td>2014</td><td>42514</td></tr><tr><td>4</td><td>2015</td><td>22689</td></tr><tr><td>5</td><td>2016</td><td>3580</td></tr><tr><td>6</td><td>2017 and thereafter</td><td>966</td></tr><tr><td>7</td><td>total future minimum sponsorship and other marketing payments</td><td>$ 169514</td></tr></table> the amounts listed above are the minimum obligations required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . the company is , from time to time , involved in routine legal matters incidental to its business . the company believes that the ultimate resolution of any such current proceedings and claims will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . 9 . stockholders 2019 equity the company 2019s class a common stock and class b convertible common stock have an authorized number of shares of 100.0 million shares and 11.3 million shares , respectively , and each have a par value of $ 0.0003 1/3 per share . holders of class a common stock and class b convertible common stock have identical rights , including liquidation preferences , except that the holders of class a common stock are entitled to one vote per share and holders of class b convertible common stock are entitled to 10 votes per share on all matters submitted to a stockholder vote . class b convertible common stock may only be held by kevin plank .\nQuestion: what was the change in rent expense from 2010 to 2011?\n" }, { "role": "agent", "content": "1.6" } ]
CONVFINQA6333	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhumana inc . notes to consolidated financial statements 2014 ( continued ) the total intrinsic value of stock options exercised during 2007 was $ 133.9 million , compared with $ 133.7 million during 2006 and $ 57.8 million during 2005 . cash received from stock option exercises for the years ended december 31 , 2007 , 2006 , and 2005 totaled $ 62.7 million , $ 49.2 million , and $ 36.4 million , respectively . total compensation expense related to nonvested options not yet recognized was $ 23.6 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.6 years . restricted stock awards restricted stock awards are granted with a fair value equal to the market price of our common stock on the date of grant . compensation expense is recorded straight-line over the vesting period , generally three years from the date of grant . the weighted average grant date fair value of our restricted stock awards was $ 63.59 , $ 54.36 , and $ 32.81 for the years ended december 31 , 2007 , 2006 , and 2005 , respectively . activity for our restricted stock awards was as follows for the year ended december 31 , 2007 : shares weighted average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares</td><td>weighted average grant-date fair value</td></tr><tr><td>2</td><td>nonvested restricted stock at december 31 2006</td><td>1107455</td><td>$ 45.86</td></tr><tr><td>3</td><td>granted</td><td>852353</td><td>63.59</td></tr><tr><td>4</td><td>vested</td><td>-51206 ( 51206 )</td><td>56.93</td></tr><tr><td>5</td><td>forfeited</td><td>-63624 ( 63624 )</td><td>49.65</td></tr><tr><td>6</td><td>nonvested restricted stock at december 31 2007</td><td>1844978</td><td>$ 53.61</td></tr></table> the fair value of shares vested during the years ended december 31 , 2007 , 2006 , and 2005 was $ 3.4 million , $ 2.3 million , and $ 0.6 million , respectively . total compensation expense related to nonvested restricted stock awards not yet recognized was $ 44.7 million at december 31 , 2007 . we expect to recognize this compensation expense over a weighted average period of approximately 1.4 years . there are no other contractual terms covering restricted stock awards once vested. .\nQuestion: what was the net change in the weighted average grant-date fair value from 2006 to 2007?\n" }, { "role": "agent", "content": "9.23" } ]
CONVFINQA9298	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nloan commitments ( unfunded loans and unused lines of credit ) , asset purchase agreements , standby letters of credit and letters of credit are issued to accommodate the financing needs of state street 2019s clients and to provide credit enhancements to special purpose entities . loan commitments are agreements by state street to lend monies at a future date . asset purchase agreements are commitments to purchase receivables or securities , subject to conditions established in the agreements , and at december 31 , 2001 , include $ 8.0 billion outstanding to special purpose entities . standby letters of credit and letters of credit commit state street to make payments on behalf of clients and special purpose entities when certain specified events occur . standby letters of credit outstanding to special purpose entities were $ 608 million at december 31 , 2001 . these loan , asset purchase and letter of credit commitments are subject to the same credit policies and reviews as loans . the amount and nature of collateral are obtained based upon management 2019s assessment of the credit risk . approximately 89% ( 89 % ) of the loan commitments and asset purchase agreements expire within one year from the date of issue . sincemany of the commitments are expected to expire or renewwithout being drawn , the total commitment amounts do not necessarily represent future cash requirements . the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>indemnified securities on loan</td><td>$ 113047</td><td>$ 101438</td></tr><tr><td>3</td><td>loan commitments</td><td>12962</td><td>11367</td></tr><tr><td>4</td><td>asset purchase agreements</td><td>10366</td><td>7112</td></tr><tr><td>5</td><td>standby letters of credit</td><td>3918</td><td>4028</td></tr><tr><td>6</td><td>letters of credit</td><td>164</td><td>218</td></tr></table> state street corporation 53 .\nQuestion: what was the balance of loan commitments in 2001, in millions?\nAnswer: 12962.0\nQuestion: and what was it in 2000, also in millions?\n" }, { "role": "agent", "content": "11367.0" } ]
CONVFINQA4192	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 31 , 2010 through october 25 , 2015 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 31 , 2010 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/31/10 in stock or index , including reinvestment of dividends . indexes calculated on month-end basis . 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td><td>10/27/2013</td><td>10/26/2014</td><td>10/25/2015</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>104.54</td><td>90.88</td><td>155.43</td><td>188.13</td><td>150.26</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>108.09</td><td>124.52</td><td>158.36</td><td>185.71</td><td>195.37</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>110.04</td><td>104.07</td><td>136.15</td><td>172.41</td><td>170.40</td></tr></table> dividends during each of fiscal 2015 and 2014 , applied's board of directors declared four quarterly cash dividends of $ 0.10 per share . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share and one quarterly cash dividend of $ 0.09 per share . dividends paid during fiscal 2015 , 2014 and 2013 amounted to $ 487 million , $ 485 million and $ 456 million , respectively . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 104 136 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 10/25/15 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what is the net change in value of an investment in s&p500 from 2010 to 2011?\nAnswer: 8.09\nQuestion: what is the initial value?\nAnswer: 100.0\nQuestion: what rate of return does this represent?\nAnswer: 0.0809\nQuestion: what is the quarterly cash dividends for the first three quarters?\nAnswer: 0.3\nQuestion: what about the fourth quarter?\nAnswer: 0.09\nQuestion: what is the total dividends in 2013?\n" }, { "role": "agent", "content": "0.39" } ]
CONVFINQA3341	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases . a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2009</td><td>$ 657</td><td>$ 188</td></tr><tr><td>3</td><td>2010</td><td>614</td><td>168</td></tr><tr><td>4</td><td>2011</td><td>580</td><td>178</td></tr><tr><td>5</td><td>2012</td><td>465</td><td>122</td></tr><tr><td>6</td><td>2013</td><td>389</td><td>152</td></tr><tr><td>7</td><td>later years</td><td>3204</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5909</td><td>$ 1898</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>628</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1270</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 15 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from .\nQuestion: as of december 31, 2008, what was the amount of future minimum lease payments for operating and capital leases that was due in 2009?\n" }, { "role": "agent", "content": "845.0" } ]
CONVFINQA2136	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 . operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s . dollar denominated net debt . ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand . sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china . sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard . average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets . average sales price realizations in russian markets increased year over year for all products . input costs were higher in 2018 , primarily for wood , fuel and chemicals . distribution costs were negatively impacted by tariffs and inflation . the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days . based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china . input costs are projected to be relatively flat , while distribution costs are expected to increase . equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 . the company received cash dividends from the investment of $ 25 million in 2018 . liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products . while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle . cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program . cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 . cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 . investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending . in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested . the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle . capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 . across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 . the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>industrial packaging</td><td>$ 1061</td><td>$ 836</td><td>$ 832</td></tr><tr><td>3</td><td>global cellulose fibers</td><td>183</td><td>188</td><td>174</td></tr><tr><td>4</td><td>printing papers</td><td>303</td><td>235</td><td>215</td></tr><tr><td>5</td><td>subtotal</td><td>1547</td><td>1259</td><td>1221</td></tr><tr><td>6</td><td>corporate and other</td><td>25</td><td>21</td><td>20</td></tr><tr><td>7</td><td>capital spending</td><td>$ 1572</td><td>$ 1280</td><td>$ 1241</td></tr></table> capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .\nQuestion: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?\nAnswer: 1061.0\nQuestion: and what was it in 2017, also in millions?\nAnswer: 836.0\nQuestion: what was, then, the change over the year?\nAnswer: 225.0\nQuestion: and how much does that change represent, in percentage, in relation to the capital expenditures for operations in the industrial packaging business segment in 2017?\n" }, { "role": "agent", "content": "0.26914" } ]
CONVFINQA10910	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) sales of businesses and investments 2013 primarily includes realized gains and losses relating to the sales of businesses , cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our rabbi trusts . during 2009 , we realized a gain of $ 15.2 related to the sale of an investment in our rabbi trusts , which was partially offset by losses realized from the sale of various businesses . losses in 2007 primarily related to the sale of several businesses within draftfcb for a loss of $ 9.3 and charges at lowe of $ 7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses . vendor discounts and credit adjustments 2013 we are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 annual report on form 10-k . these adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed . litigation settlement 2013 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 . investment impairments 2013 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities . see note 12 for further information . note 5 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values . the changes in the carrying value of goodwill for our segments , integrated agency networks ( 201cian 201d ) and constituency management group ( 201ccmg 201d ) , for the years ended december 31 , 2009 and 2008 are listed below. . <table class='wikitable'><tr><td>1</td><td>-</td><td>ian</td><td>cmg</td><td>total 1</td></tr><tr><td>2</td><td>balance as of december 31 2007</td><td>$ 2789.7</td><td>$ 441.9</td><td>$ 3231.6</td></tr><tr><td>3</td><td>current year acquisitions</td><td>99.5</td><td>1.8</td><td>101.3</td></tr><tr><td>4</td><td>contingent and deferred payments for prior acquisitions</td><td>28.9</td><td>1.1</td><td>30.0</td></tr><tr><td>5</td><td>other ( primarily foreign currency translation )</td><td>-128.1 ( 128.1 )</td><td>-13.9 ( 13.9 )</td><td>-142.0 ( 142.0 )</td></tr><tr><td>6</td><td>balance as of december 31 2008</td><td>$ 2790.0</td><td>$ 430.9</td><td>$ 3220.9</td></tr><tr><td>7</td><td>current year acquisitions2</td><td>5.2</td><td>2014</td><td>5.2</td></tr><tr><td>8</td><td>contingent and deferred payments for prior acquisitions</td><td>14.2</td><td>2014</td><td>14.2</td></tr><tr><td>9</td><td>other ( primarily foreign currency translation )</td><td>76.2</td><td>4.5</td><td>80.7</td></tr><tr><td>10</td><td>balance as of december 31 2009</td><td>$ 2885.6</td><td>$ 435.4</td><td>$ 3321.0</td></tr></table> 1 for all periods presented we have not recorded a goodwill impairment charge . 2 for acquisitions completed after january 1 , 2009 , amount includes contingent and deferred payments , which are recorded at fair value on the acquisition date . see note 6 for further information . see note 1 for further information regarding our annual impairment methodology . other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization . other intangible assets primarily include customer lists and trade names . intangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years . amortization expense for other intangible assets for the years ended december 31 , 2009 , 2008 and 2007 was $ 19.3 , $ 14.4 and $ 8.5 , respectively . the following table provides a summary of other intangible assets , which are included in other assets on our consolidated balance sheets. .\nQuestion: what was the total amortization expense for other intangible assets in 2008 and 2009?\nAnswer: 33.7\nQuestion: and including the value for 2007?\nAnswer: 42.2\nQuestion: so what was the average value during this time?\nAnswer: 14.06667\nQuestion: in 2007, what was the percentage of the investment impairments to the investment in auction rate securities?\n" }, { "role": "agent", "content": "0.464" } ]
CONVFINQA4075	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 122 jpmorgan chase & co./2015 annual report wholesale credit portfolio the firm 2019s wholesale businesses are exposed to credit risk through underwriting , lending , market-making , and hedging activities with and for clients and counterparties , as well as through various operating services such as cash management and clearing activities . a portion of the loans originated or acquired by the firm 2019s wholesale businesses is generally retained on the balance sheet . the firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk . the wholesale credit portfolio , excluding oil & gas , continued to be generally stable throughout 2015 , characterized by low levels of criticized exposure , nonaccrual loans and charge-offs . growth in loans retained was driven by increased client activity , notably in commercial real estate . discipline in underwriting across all areas of lending continues to remain a key point of focus . the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of client credit quality and transaction structure , inclusive of collateral where applicable ; and of industry , product and client concentrations . wholesale credit portfolio december 31 , credit exposure nonperforming ( c ) . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2015</td><td>december 31 , 2014</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>loans retained</td><td>$ 357050</td><td>$ 324502</td><td>$ 988</td><td>$ 599</td></tr><tr><td>3</td><td>loans held-for-sale</td><td>1104</td><td>3801</td><td>3</td><td>4</td></tr><tr><td>4</td><td>loans at fair value</td><td>2861</td><td>2611</td><td>25</td><td>21</td></tr><tr><td>5</td><td>loans 2013 reported</td><td>361015</td><td>330914</td><td>1016</td><td>624</td></tr><tr><td>6</td><td>derivative receivables</td><td>59677</td><td>78975</td><td>204</td><td>275</td></tr><tr><td>7</td><td>receivables from customers and other ( a )</td><td>13372</td><td>28972</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total wholesale credit-related assets</td><td>434064</td><td>438861</td><td>1220</td><td>899</td></tr><tr><td>9</td><td>lending-related commitments</td><td>366399</td><td>366881</td><td>193</td><td>103</td></tr><tr><td>10</td><td>total wholesale credit exposure</td><td>$ 800463</td><td>$ 805742</td><td>$ 1413</td><td>$ 1002</td></tr><tr><td>11</td><td>credit derivatives usedin credit portfolio management activities ( b )</td><td>$ -20681 ( 20681 )</td><td>$ -26703 ( 26703 )</td><td>$ -9 ( 9 )</td><td>$ 2014</td></tr><tr><td>12</td><td>liquid securities and other cash collateral held against derivatives</td><td>-16580 ( 16580 )</td><td>-19604 ( 19604 )</td><td>na</td><td>na</td></tr></table> receivables from customers and other ( a ) 13372 28972 2014 2014 total wholesale credit- related assets 434064 438861 1220 899 lending-related commitments 366399 366881 193 103 total wholesale credit exposure $ 800463 $ 805742 $ 1413 $ 1002 credit derivatives used in credit portfolio management activities ( b ) $ ( 20681 ) $ ( 26703 ) $ ( 9 ) $ 2014 liquid securities and other cash collateral held against derivatives ( 16580 ) ( 19604 ) na na ( a ) receivables from customers and other include $ 13.3 billion and $ 28.8 billion of margin loans at december 31 , 2015 and 2014 , respectively , to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets . ( b ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s . gaap . for additional information , see credit derivatives on page 129 , and note 6 . ( c ) excludes assets acquired in loan satisfactions. .\nQuestion: what is the balance of loans retained as of december 31, 2015?\nAnswer: 357050.0\nQuestion: what about 2014?\nAnswer: 324502.0\nQuestion: what is the net change among these years?\nAnswer: 32548.0\nQuestion: what growth rate does this represent?\n" }, { "role": "agent", "content": "0.1003" } ]
CONVFINQA8843	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\na wholly-owned subsidiary of the company is a registered life insurance company that maintains separate account assets , representing segregated funds held for purposes of funding individual and group pension contracts , and equal and offsetting separate account liabilities . at decem - ber 31 , 2008 and 2007 , the level 3 separate account assets were approximately $ 4 and $ 12 , respectively . the changes in level 3 assets primarily relate to purchases , sales and gains/ ( losses ) . the net investment income and net gains and losses attributable to separate account assets accrue directly to the contract owner and are not reported as non-operating income ( expense ) on the consolidated statements of income . level 3 assets , which includes equity method investments or consolidated investments of real estate funds , private equity funds and funds of private equity funds are valued based upon valuations received from internal as well as third party fund managers . fair valuations at the underlying funds are based on a combination of methods which may include third-party independent appraisals and discounted cash flow techniques . direct investments in private equity companies held by funds of private equity funds are valued based on an assessment of each under - lying investment , incorporating evaluation of additional significant third party financing , changes in valuations of comparable peer companies and the business environment of the companies , among other factors . see note 2 for further detail on the fair value policies by the underlying funds . changes in level 3 assets measured at fair value on a recurring basis for the year ended december 31 , 2008 . <table class='wikitable'><tr><td>1</td><td>-</td><td>investments</td><td>other assets</td></tr><tr><td>2</td><td>december 31 2007</td><td>$ 1240</td><td>$ 2014</td></tr><tr><td>3</td><td>realized and unrealized gains / ( losses ) net</td><td>-409 ( 409 )</td><td>-16 ( 16 )</td></tr><tr><td>4</td><td>purchases sales other settlements and issuances net</td><td>11</td><td>2</td></tr><tr><td>5</td><td>net transfers in and/or out of level 3</td><td>-29 ( 29 )</td><td>78</td></tr><tr><td>6</td><td>december 31 2008</td><td>$ 813</td><td>$ 64</td></tr><tr><td>7</td><td>total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets stillheld at the reporting date</td><td>$ -366 ( 366 )</td><td>$ -17 ( 17 )</td></tr></table> total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets still held at the reporting date $ ( 366 ) $ ( 17 ) realized and unrealized gains and losses recorded for level 3 assets are reported in non-operating income ( expense ) on the consolidated statements of income . non-controlling interest expense is recorded for consoli- dated investments to reflect the portion of gains and losses not attributable to the company . the company transfers assets in and/or out of level 3 as significant inputs , including performance attributes , used for the fair value measurement become observable . 6 . variable interest entities in the normal course of business , the company is the manager of various types of sponsored investment vehicles , including collateralized debt obligations and sponsored investment funds , that may be considered vies . the company receives management fees or other incen- tive related fees for its services and may from time to time own equity or debt securities or enter into derivatives with the vehicles , each of which are considered variable inter- ests . the company engages in these variable interests principally to address client needs through the launch of such investment vehicles . the vies are primarily financed via capital contributed by equity and debt holders . the company 2019s involvement in financing the operations of the vies is limited to its equity interests , unfunded capital commitments for certain sponsored investment funds and its capital support agreements for two enhanced cash funds . the primary beneficiary of a vie is the party that absorbs a majority of the entity 2019s expected losses , receives a major - ity of the entity 2019s expected residual returns or both as a result of holding variable interests . in order to determine whether the company is the primary beneficiary of a vie , management must make significant estimates and assumptions of probable future cash flows and assign probabilities to different cash flow scenarios . assumptions made in such analyses include , but are not limited to , market prices of securities , market interest rates , poten- tial credit defaults on individual securities or default rates on a portfolio of securities , gain realization , liquidity or marketability of certain securities , discount rates and the probability of certain other outcomes . vies in which blackrock is the primary beneficiary at december 31 , 2008 , the company was the primary beneficiary of three vies , which resulted in consolidation of three sponsored investment funds ( including two cash management funds and one private equity fund of funds ) . creditors of the vies do not have recourse to the credit of the company . during 2008 , the company determined it became the primary beneficiary of two enhanced cash management funds as a result of concluding that under various cash 177528_txt_59_96:layout 1 3/26/09 10:32 pm page 73 .\nQuestion: what was the value of the balance of level 3 investment assets in 2008?\n" }, { "role": "agent", "content": "813.0" } ]
CONVFINQA8818	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n39 annual report 2010 duke realty corporation \| \| related party transactions we provide property and asset management , leasing , construction and other tenant related services to unconsolidated companies in which we have equity interests . for the years ended december 31 , 2010 , 2009 and 2008 , respectively , we earned management fees of $ 7.6 million , $ 8.4 million and $ 7.8 million , leasing fees of $ 2.7 million , $ 4.2 million and $ 2.8 million and construction and development fees of $ 10.3 million , $ 10.2 million and $ 12.7 million from these companies . we recorded these fees based on contractual terms that approximate market rates for these types of services , and we have eliminated our ownership percentages of these fees in the consolidated financial statements . commitments and contingencies we have guaranteed the repayment of $ 95.4 million of economic development bonds issued by various municipalities in connection with certain commercial developments . we will be required to make payments under our guarantees to the extent that incremental taxes from specified developments are not sufficient to pay the bond debt service . management does not believe that it is probable that we will be required to make any significant payments in satisfaction of these guarantees . we also have guaranteed the repayment of secured and unsecured loans of six of our unconsolidated subsidiaries . at december 31 , 2010 , the maximum guarantee exposure for these loans was approximately $ 245.4 million . with the exception of the guarantee of the debt of 3630 peachtree joint venture , for which we recorded a contingent liability in 2009 of $ 36.3 million , management believes it probable that we will not be required to satisfy these guarantees . we lease certain land positions with terms extending to december 2080 , with a total obligation of $ 103.6 million . no payments on these ground leases are material in any individual year . we are subject to various legal proceedings and claims that arise in the ordinary course of business . in the opinion of management , the amount of any ultimate liability with respect to these actions will not materially affect our consolidated financial statements or results of operations . contractual obligations at december 31 , 2010 , we were subject to certain contractual payment obligations as described in the table below: . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>payments due by period ( in thousands ) total</td><td>payments due by period ( in thousands ) 2011</td><td>payments due by period ( in thousands ) 2012</td><td>payments due by period ( in thousands ) 2013</td><td>payments due by period ( in thousands ) 2014</td><td>payments due by period ( in thousands ) 2015</td><td>payments due by period ( in thousands ) thereafter</td></tr><tr><td>2</td><td>long-term debt ( 1 )</td><td>$ 5413606</td><td>$ 629781</td><td>$ 548966</td><td>$ 725060</td><td>$ 498912</td><td>$ 473417</td><td>$ 2537470</td></tr><tr><td>3</td><td>lines of credit ( 2 )</td><td>214225</td><td>28046</td><td>9604</td><td>176575</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4</td><td>share of debt of unconsolidated joint ventures ( 3 )</td><td>447573</td><td>87602</td><td>27169</td><td>93663</td><td>34854</td><td>65847</td><td>138438</td></tr><tr><td>5</td><td>ground leases</td><td>103563</td><td>2199</td><td>2198</td><td>2169</td><td>2192</td><td>2202</td><td>92603</td></tr><tr><td>6</td><td>operating leases</td><td>2704</td><td>840</td><td>419</td><td>395</td><td>380</td><td>370</td><td>300</td></tr><tr><td>7</td><td>development and construction backlog costs ( 4 )</td><td>521041</td><td>476314</td><td>44727</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>8</td><td>other</td><td>1967</td><td>1015</td><td>398</td><td>229</td><td>90</td><td>54</td><td>181</td></tr><tr><td>9</td><td>total contractual obligations</td><td>$ 6704679</td><td>$ 1225797</td><td>$ 633481</td><td>$ 998091</td><td>$ 536428</td><td>$ 541890</td><td>$ 2768992</td></tr></table> ( 1 ) our long-term debt consists of both secured and unsecured debt and includes both principal and interest . interest expense for variable rate debt was calculated using the interest rates as of december 31 , 2010 . ( 2 ) our unsecured lines of credit consist of an operating line of credit that matures february 2013 and the line of credit of a consolidated subsidiary that matures july 2011 . interest expense for our unsecured lines of credit was calculated using the most recent stated interest rates that were in effect . ( 3 ) our share of unconsolidated joint venture debt includes both principal and interest . interest expense for variable rate debt was calculated using the interest rate at december 31 , 2010 . ( 4 ) represents estimated remaining costs on the completion of owned development projects and third-party construction projects. .\nQuestion: what is the total long-term debt?\nAnswer: 5413606.0\nQuestion: what are the total contractual obligations?\nAnswer: 6704679.0\nQuestion: what fraction of total contractual obligations is long-term debt?\n" }, { "role": "agent", "content": "0.80744" } ]
CONVFINQA5658	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\naffected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent . net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware . net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows . net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively . the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . 2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs . selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 . selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs . selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>operating profit as reported</td><td>$ 1169</td><td>$ 1053</td><td>$ 914</td></tr><tr><td>3</td><td>rationalization charges</td><td>4</td><td>22</td><td>18</td></tr><tr><td>4</td><td>gain from sale of property and equipment</td><td>2014</td><td>2014</td><td>-5 ( 5 )</td></tr><tr><td>5</td><td>operating profit as adjusted</td><td>$ 1173</td><td>$ 1075</td><td>$ 927</td></tr><tr><td>6</td><td>operating profit margins as reported</td><td>15.3% ( 15.3 % )</td><td>14.3% ( 14.3 % )</td><td>12.8% ( 12.8 % )</td></tr><tr><td>7</td><td>operating profit margins as adjusted</td><td>15.3% ( 15.3 % )</td><td>14.6% ( 14.6 % )</td><td>13.0% ( 13.0 % )</td></tr></table> operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs . .......................................................... . .................................................................. . ..................................... . ........................................................ . ............................................ . ............................................. .\nQuestion: what was the difference in adjusted operating profit margins between 2015 and 2016?\nAnswer: 0.016\nQuestion: and the difference in gross profit margin between 2016 and 2017?\n" }, { "role": "agent", "content": "0.8" } ]
CONVFINQA1210	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nto , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 7525</td><td>$ 7344</td><td>$ 7385</td></tr><tr><td>3</td><td>cash used in investing activities</td><td>-3393 ( 3393 )</td><td>-4476 ( 4476 )</td><td>-4249 ( 4249 )</td></tr><tr><td>4</td><td>dividends paid</td><td>-1879 ( 1879 )</td><td>-2344 ( 2344 )</td><td>-1632 ( 1632 )</td></tr><tr><td>5</td><td>free cash flow</td><td>$ 2253</td><td>$ 524</td><td>$ 1504</td></tr></table> 2017 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2017 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability with our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . continuing lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments . f0b7 capital plan 2013 in 2017 , we expect our capital plan to be approximately $ 3.1 billion , including expenditures for ptc , approximately 60 locomotives scheduled to be delivered , and intermodal containers and chassis , and freight cars . the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 economic conditions in many of our market sectors continue to drive uncertainty with respect to our volume levels . we expect volume to grow in the low single digit range in 2017 compared to 2016 , but it will depend on the overall economy and market conditions . one of the more significant uncertainties is the outlook for energy markets , which will bring both challenges and opportunities . in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives , and the ability to leverage our resources and strengthen our franchise . over the longer term , we expect the overall u.s . economy to continue to improve at a modest pace , with some markets outperforming others. .\nQuestion: what was the net change in cash provided by operating activities from 2015 to 2016?\n" }, { "role": "agent", "content": "181.0" } ]
CONVFINQA1464	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured . both the amount and the duration of the cash flows are considered from a market participant perspective . our estimates of market participant net cash flows considered historical and projected pricing , remaining developmental effort , operational performance including company- specific synergies , aftermarket retention , product life cycles , material and labor pricing , and other relevant customer , contractual and market factors . where appropriate , the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions , as well as the risk profile of the net cash flows utilized in the valuation . the adjusted future cash flows are then discounted to present value using an appropriate discount rate . projected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets , liabilities , or a group of assets and liabilities . valuation techniques consistent with the market approach often use market multiples derived from a set of comparables . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for property , plant and equipment . the cost to replace a given asset reflects the estimated reproduction or replacement cost , less an allowance for loss in value due to depreciation . the purchase price allocation resulted in the recognition of $ 2.8 billion of goodwill , all of which is expected to be amortizable for tax purposes . substantially all of the goodwill was assigned to our rms business . the goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of sikorsky , costs synergies resulting from the consolidation or elimination of certain functions , and intangible assets that do not qualify for separate recognition , such as the assembled workforce of sikorsky . determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments , including the amount and timing of expected future cash flows , long-term growth rates and discount rates . the cash flows employed in the dcf analyses are based on our best estimate of future sales , earnings and cash flows after considering factors such as general market conditions , customer budgets , existing firm orders , expected future orders , contracts with suppliers , labor agreements , changes in working capital , long term business plans and recent operating performance . use of different estimates and judgments could yield different results . impact to 2015 financial results sikorsky 2019s 2015 financial results have been included in our consolidated financial results only for the period from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated financial results for the year ended december 31 , 2015 do not reflect a full year of sikorsky 2019s results . from the november 6 , 2015 acquisition date through december 31 , 2015 , sikorsky generated net sales of approximately $ 400 million and operating loss of approximately $ 45 million , inclusive of intangible amortization and adjustments required to account for the acquisition . we incurred approximately $ 38 million of non-recoverable transaction costs associated with the sikorsky acquisition in 2015 that were expensed as incurred . these costs are included in other income , net on our consolidated statements of earnings . we also incurred approximately $ 48 million in costs associated with issuing the $ 7.0 billion november 2015 notes used to repay all outstanding borrowings under the 364-day facility used to finance the acquisition . the financing costs were recorded as a reduction of debt and will be amortized to interest expense over the term of the related debt . supplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire years in 2015 and 2014 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net sales</td><td>$ 45366</td><td>$ 47369</td></tr><tr><td>3</td><td>net earnings</td><td>3534</td><td>3475</td></tr><tr><td>4</td><td>basic earnings per common share</td><td>11.39</td><td>10.97</td></tr><tr><td>5</td><td>diluted earnings per common share</td><td>11.23</td><td>10.78</td></tr></table> the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorsky with pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2014 . significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition . these .\nQuestion: what was the net sales in 2015?\nAnswer: 45366.0\nQuestion: and in 2014?\n" }, { "role": "agent", "content": "47369.0" } ]
CONVFINQA5339	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .\nQuestion: what was the net interest income in 2012?\nAnswer: 9640.0\nQuestion: and in 2011?\nAnswer: 8700.0\nQuestion: so what was the change in this value between these years?\nAnswer: 940.0\nQuestion: and the specific value for 2011 again?\nAnswer: 8700.0\nQuestion: and the percentage change during this time?\n" }, { "role": "agent", "content": "0.10805" } ]
CONVFINQA6792	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n. <table class='wikitable'><tr><td>1</td><td>-</td><td>12/07</td><td>12/08</td><td>12/09</td><td>12/10</td><td>12/11</td><td>12/12</td></tr><tr><td>2</td><td>fidelity national information services inc .</td><td>100.00</td><td>70.08</td><td>101.93</td><td>120.01</td><td>117.34</td><td>157.38</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>63.00</td><td>79.67</td><td>91.67</td><td>93.61</td><td>108.59</td></tr><tr><td>4</td><td>s&p supercap data processing & outsourced services</td><td>100.00</td><td>68.26</td><td>99.41</td><td>97.33</td><td>118.68</td><td>151.90</td></tr></table> s&p supercap data processing & outsourced 100.00 68.26 99.41 97.33 118.68 151.90 item 6 . selected financial data . the selected financial data set forth below constitutes historical financial data of fis and should be read in conjunction with item 7 , management 2019s discussion and analysis of financial condition and results of operations , and item 8 , financial statements and supplementary data , included elsewhere in this report . on october 1 , 2009 , we completed the acquisition of metavante technologies , inc . ( \"metavante\" ) . the results of operations and financial position of metavante are included in the consolidated financial statements since the date of acquisition . on july 2 , 2008 , we completed the spin-off of lender processing services , inc. , which was a former wholly-owned subsidiary ( \"lps\" ) . for accounting purposes , the results of lps are presented as discontinued operations . accordingly , all prior periods have been restated to present the results of fis on a stand alone basis and include the results of lps up to july 2 , 2008 , as discontinued operations. .\nQuestion: what was the change in value of fidelity national information systems common stock from 12/07 to 12/12?\n" }, { "role": "agent", "content": "57.38" } ]
CONVFINQA2936	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nabiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) evidence of an arrangement exists , ( 2 ) delivery has occurred or services have been rendered , ( 3 ) the seller 2019s price to the buyer is fixed or determinable , and ( 4 ) collectibility is reasonably assured . further , sab 104 requires that both title and the risks and rewards of ownership be transferred to the buyer before revenue can be recognized . in addition to sab 104 , we follow the guidance of eitf 00-21 , revenue arrangements with multiple deliverables . we derive our revenues primarily from product sales , including maintenance service agreements . the great majority of our product revenues are derived from shipments of our ab5000 and bvs 5000 product lines to fulfill customer orders for a specified number of consoles and/or blood pumps for a specified price . we recognize revenues and record costs related to such sales upon product shipment . maintenance and service support contract revenues are recognized ratably over the term of the service contracts based upon the elapsed term of the service contract . government-sponsored research and development contracts and grants generally provide for payment on a cost-plus-fixed-fee basis . revenues from these contracts and grants are recognized as work is performed , provided the government has appropriated sufficient funds for the work . under contracts in which the company elects to spend significantly more on the development project during the term of the contract than the total contract amount , the company prospectively recognizes revenue on such contracts ratably over the term of the contract as it incurs related research and development costs , provided the government has appropriated sufficient funds for the work . ( d ) translation of foreign currencies all assets and liabilities of the company 2019s non-u.s . subsidiaries are translated at year-end exchange rates , and revenues and expenses are translated at average exchange rates for the year in accordance with sfas no . 52 , foreign currency translation . resulting translation adjustments are reflected in the accumulated other comprehensive loss component of shareholders 2019 equity . currency transaction gains and losses are included in the accompanying statement of income and are not material for the three years presented . ( e ) warranties the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . our products are subject to rigorous regulation and quality standards . warranty costs are included in cost of product revenues within the consolidated statements of operations . the following table summarizes the activities in the warranty reserve for the two fiscal years ended march 31 , 2006 ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2006</td></tr><tr><td>2</td><td>balance at the beginning of the year</td><td>$ 245</td><td>$ 231</td></tr><tr><td>3</td><td>accrual for warranties</td><td>198</td><td>193</td></tr><tr><td>4</td><td>warranty expense incurred for the year</td><td>-212 ( 212 )</td><td>-257 ( 257 )</td></tr><tr><td>5</td><td>balance at the end of the year</td><td>$ 231</td><td>$ 167</td></tr></table> .\nQuestion: what was the balance of warranty reserves at the end of 2006?\nAnswer: 167.0\nQuestion: what was the balance end the end of 2005?\nAnswer: 231.0\nQuestion: what is the net difference?\nAnswer: -64.0\nQuestion: what was the 2005 balance?\n" }, { "role": "agent", "content": "231.0" } ]
CONVFINQA9897	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 2 : properties information concerning applied 2019s properties is set forth below: . <table class='wikitable'><tr><td>1</td><td>( square feet in thousands )</td><td>united states</td><td>other countries</td><td>total</td></tr><tr><td>2</td><td>owned</td><td>4530</td><td>2417</td><td>6947</td></tr><tr><td>3</td><td>leased</td><td>1037</td><td>1341</td><td>2378</td></tr><tr><td>4</td><td>total</td><td>5567</td><td>3758</td><td>9325</td></tr></table> because of the interrelation of applied 2019s operations , properties within a country may be shared by the segments operating within that country . the company 2019s headquarters offices are in santa clara , california . products in semiconductor systems are manufactured in santa clara , california ; austin , texas ; gloucester , massachusetts ; kalispell , montana ; rehovot , israel ; and singapore . remanufactured equipment products in the applied global services segment are produced primarily in austin , texas . products in the display and adjacent markets segment are manufactured in alzenau , germany and tainan , taiwan . other products are manufactured in treviso , italy . applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan . these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support . applied also owns a total of approximately 269 acres of buildable land in montana , texas , california , israel and italy that could accommodate additional building space . applied considers the properties that it owns or leases as adequate to meet its current and future requirements . applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .\nQuestion: what portion of the total area the company uses is owned by them?\nAnswer: 0.74499\nQuestion: and what is that ratio only for facilities in the us?\n" }, { "role": "agent", "content": "0.81372" } ]
CONVFINQA6159	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 triggering our obligation to make payments under any financial guarantee , letter of credit or other credit support we have provided to or on behalf of such subsidiary ; 2022 causing us to record a loss in the event the lender forecloses on the assets ; and 2022 triggering defaults in our outstanding debt at the parent company . for example , our senior secured credit facility and outstanding debt securities at the parent company include events of default for certain bankruptcy related events involving material subsidiaries . in addition , our revolving credit agreement at the parent company includes events of default related to payment defaults and accelerations of outstanding debt of material subsidiaries . some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness . the total non-recourse debt classified as current in the accompanying consolidated balance sheets amounts to $ 2.2 billion . the portion of current debt related to such defaults was $ 1 billion at december 31 , 2017 , all of which was non-recourse debt related to three subsidiaries 2014 alto maipo , aes puerto rico , and aes ilumina . see note 10 2014debt in item 8 . 2014financial statements and supplementary data of this form 10-k for additional detail . none of the subsidiaries that are currently in default are subsidiaries that met the applicable definition of materiality under aes' corporate debt agreements as of december 31 , 2017 in order for such defaults to trigger an event of default or permit acceleration under aes' indebtedness . however , as a result of additional dispositions of assets , other significant reductions in asset carrying values or other matters in the future that may impact our financial position and results of operations or the financial position of the individual subsidiary , it is possible that one or more of these subsidiaries could fall within the definition of a \"material subsidiary\" and thereby upon an acceleration trigger an event of default and possible acceleration of the indebtedness under the parent company's outstanding debt securities . a material subsidiary is defined in the company's senior secured revolving credit facility as any business that contributed 20% ( 20 % ) or more of the parent company's total cash distributions from businesses for the four most recently completed fiscal quarters . as of december 31 , 2017 , none of the defaults listed above individually or in the aggregate results in or is at risk of triggering a cross-default under the recourse debt of the company . contractual obligations and parent company contingent contractual obligations a summary of our contractual obligations , commitments and other liabilities as of december 31 , 2017 is presented below and excludes any businesses classified as discontinued operations or held-for-sale ( in millions ) : contractual obligations total less than 1 year more than 5 years other footnote reference ( 4 ) debt obligations ( 1 ) $ 20404 $ 2250 $ 2431 $ 5003 $ 10720 $ 2014 10 interest payments on long-term debt ( 2 ) 9103 1172 2166 1719 4046 2014 n/a . <table class='wikitable'><tr><td>1</td><td>contractual obligations</td><td>total</td><td>less than 1 year</td><td>1-3 years</td><td>3-5 years</td><td>more than 5 years</td><td>other</td><td>footnote reference ( 4 )</td></tr><tr><td>2</td><td>debt obligations ( 1 )</td><td>$ 20404</td><td>$ 2250</td><td>$ 2431</td><td>$ 5003</td><td>$ 10720</td><td>$ 2014</td><td>10</td></tr><tr><td>3</td><td>interest payments on long-term debt ( 2 )</td><td>9103</td><td>1172</td><td>2166</td><td>1719</td><td>4046</td><td>2014</td><td>n/a</td></tr><tr><td>4</td><td>capital lease obligations</td><td>18</td><td>2</td><td>2</td><td>2</td><td>12</td><td>2014</td><td>11</td></tr><tr><td>5</td><td>operating lease obligations</td><td>935</td><td>58</td><td>116</td><td>117</td><td>644</td><td>2014</td><td>11</td></tr><tr><td>6</td><td>electricity obligations</td><td>4501</td><td>581</td><td>948</td><td>907</td><td>2065</td><td>2014</td><td>11</td></tr><tr><td>7</td><td>fuel obligations</td><td>5859</td><td>1759</td><td>1642</td><td>992</td><td>1466</td><td>2014</td><td>11</td></tr><tr><td>8</td><td>other purchase obligations</td><td>4984</td><td>1488</td><td>1401</td><td>781</td><td>1314</td><td>2014</td><td>11</td></tr><tr><td>9</td><td>other long-term liabilities reflected on aes' consolidated balance sheet under gaap ( 3 )</td><td>701</td><td>2014</td><td>284</td><td>118</td><td>277</td><td>22</td><td>n/a</td></tr><tr><td>10</td><td>total</td><td>$ 46505</td><td>$ 7310</td><td>$ 8990</td><td>$ 9639</td><td>$ 20544</td><td>$ 22</td><td>-</td></tr></table> _____________________________ ( 1 ) includes recourse and non-recourse debt presented on the consolidated balance sheet . these amounts exclude capital lease obligations which are included in the capital lease category . ( 2 ) interest payments are estimated based on final maturity dates of debt securities outstanding at december 31 , 2017 and do not reflect anticipated future refinancing , early redemptions or new debt issuances . variable rate interest obligations are estimated based on rates as of december 31 , 2017 . ( 3 ) these amounts do not include current liabilities on the consolidated balance sheet except for the current portion of uncertain tax obligations . noncurrent uncertain tax obligations are reflected in the \"other\" column of the table above as the company is not able to reasonably estimate the timing of the future payments . in addition , these amounts do not include : ( 1 ) regulatory liabilities ( see note 9 2014regulatory assets and liabilities ) , ( 2 ) contingencies ( see note 12 2014contingencies ) , ( 3 ) pension and other postretirement employee benefit liabilities ( see note 13 2014benefit plans ) , ( 4 ) derivatives and incentive compensation ( see note 5 2014derivative instruments and hedging activities ) or ( 5 ) any taxes ( see note 20 2014income taxes ) except for uncertain tax obligations , as the company is not able to reasonably estimate the timing of future payments . see the indicated notes to the consolidated financial statements included in item 8 of this form 10-k for additional information on the items excluded . ( 4 ) for further information see the note referenced below in item 8 . 2014financial statements and supplementary data of this form 10-k. .\nQuestion: what are total debt obligations?\nAnswer: 20404.0\nQuestion: what is the value of debt obligations due in under 1 year?\n" }, { "role": "agent", "content": "2250.0" } ]
CONVFINQA1456	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nguarantees we adopted fasb interpretation no . 45 ( 201cfin 45 201d ) , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d at the beginning of our fiscal 2003 . see 201crecent accounting pronouncements 201d for further information regarding fin 45 . the lease agreements for our three office buildings in san jose , california provide for residual value guarantees . these lease agreements were in place prior to december 31 , 2002 and are disclosed in note 14 . in the normal course of business , we provide indemnifications of varying scope to customers against claims of intellectual property infringement made by third parties arising from the use of our products . historically , costs related to these indemnification provisions have not been significant and we are unable to estimate the maximum potential impact of these indemnification provisions on our future results of operations . we have commitments to make certain milestone and/or retention payments typically entered into in conjunction with various acquisitions , for which we have made accruals in our consolidated financial statements . in connection with our purchases of technology assets during fiscal 2003 , we entered into employee retention agreements totaling $ 2.2 million . we are required to make payments upon satisfaction of certain conditions in the agreements . as permitted under delaware law , we have agreements whereby we indemnify our officers and directors for certain events or occurrences while the officer or director is , or was serving , at our request in such capacity . the indemnification period covers all pertinent events and occurrences during the officer 2019s or director 2019s lifetime . the maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited ; however , we have director and officer insurance coverage that limits our exposure and enables us to recover a portion of any future amounts paid . we believe the estimated fair value of these indemnification agreements in excess of applicable insurance coverage is minimal . as part of our limited partnership interests in adobe ventures , we have provided a general indemnification to granite ventures , an independent venture capital firm and sole general partner of adobe ventures , for certain events or occurrences while granite ventures is , or was serving , at our request in such capacity provided that granite ventures acts in good faith on behalf of the partnerships . we are unable to develop an estimate of the maximum potential amount of future payments that could potentially result from any hypothetical future claim , but believe the risk of having to make any payments under this general indemnification to be remote . we accrue for costs associated with future obligations which include costs for undetected bugs that are discovered only after the product is installed and used by customers . the accrual remaining at the end of fiscal 2003 primarily relates to new releases of our creative suites products during the fourth quarter of fiscal 2003 . the table below summarizes the activity related to the accrual during fiscal 2003 : balance at november 29 , 2002 accruals payments balance at november 28 , 2003 . <table class='wikitable'><tr><td>1</td><td>balance at november 29 2002</td><td>accruals</td><td>payments</td><td>balance at november 28 2003</td></tr><tr><td>2</td><td>$ 2014</td><td>$ 5554</td><td>$ -2369 ( 2369 )</td><td>$ 3185</td></tr></table> advertising expenses we expense all advertising costs as incurred and classify these costs under sales and marketing expense . advertising expenses for fiscal years 2003 , 2002 , and 2001 were $ 24.0 million , $ 26.7 million and $ 30.5 million , respectively . foreign currency and other hedging instruments statement of financial accounting standards no . 133 ( 201csfas no . 133 201d ) , 201caccounting for derivative instruments and hedging activities , 201d establishes accounting and reporting standards for derivative instruments and hedging activities and requires us to recognize these as either assets or liabilities on the balance sheet and measure them at fair value . as described in note 15 , gains and losses resulting from .\nQuestion: what was the difference in advertising expense between 2001 and 2002?\nAnswer: -3.8\nQuestion: and the growth rate during this time?\n" }, { "role": "agent", "content": "-0.12459" } ]
CONVFINQA10524	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management's financial discussion and analysis refer to 201cselected financial data - five-year comparison of entergy corporation and subsidiaries 201d which accompanies entergy corporation 2019s financial statements in this report for further information with respect to operating statistics . in november 2007 the board approved a plan to pursue a separation of entergy 2019s non-utility nuclear business from entergy through a spin-off of the business to entergy shareholders . in april 2010 , entergy announced that it planned to unwind the business infrastructure associated with the proposed spin-off transaction . as a result of the plan to unwind the business infrastructure , entergy recorded expenses in 2010 for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction . these costs are discussed in more detail below and throughout this section . net revenue utility following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2009 net revenue</td><td>$ 4694</td></tr><tr><td>3</td><td>volume/weather</td><td>231</td></tr><tr><td>4</td><td>retail electric price</td><td>137</td></tr><tr><td>5</td><td>provision for regulatory proceedings</td><td>26</td></tr><tr><td>6</td><td>rough production cost equalization</td><td>19</td></tr><tr><td>7</td><td>ano decommissioning trust</td><td>-24 ( 24 )</td></tr><tr><td>8</td><td>fuel recovery</td><td>-44 ( 44 )</td></tr><tr><td>9</td><td>other</td><td>12</td></tr><tr><td>10</td><td>2010 net revenue</td><td>$ 5051</td></tr></table> the volume/weather variance is primarily due to an increase of 8362 gwh , or 8% ( 8 % ) , in billed electricity usage in all retail sectors , including the effect on the residential sector of colder weather in the first quarter 2010 compared to 2009 and warmer weather in the second and third quarters 2010 compared to 2009 . the industrial sector reflected strong sales growth on continuing signs of economic recovery . the improvement in this sector was primarily driven by inventory restocking and strong exports with the chemicals , refining , and miscellaneous manufacturing sectors leading the improvement . the retail electric price variance is primarily due to : increases in the formula rate plan riders at entergy gulf states louisiana effective november 2009 , january 2010 , and september 2010 , at entergy louisiana effective november 2009 , and at entergy mississippi effective july 2009 ; a base rate increase at entergy arkansas effective july 2010 ; rate actions at entergy texas , including base rate increases effective in may and august 2010 ; a formula rate plan provision of $ 16.6 million recorded in the third quarter 2009 for refunds that were made to customers in accordance with settlements approved by the lpsc ; and the recovery in 2009 by entergy arkansas of 2008 extraordinary storm costs , as approved by the apsc , which ceased in january 2010 . the recovery of storm costs is offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the proceedings referred to above. .\nQuestion: what was net revenue in 2010?\nAnswer: 5051.0\nQuestion: what was net revenue in 2009?\n" }, { "role": "agent", "content": "4694.0" } ]
CONVFINQA10888	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsecurity ownership of 5% ( 5 % ) holders , directors , nominees and executive officers shares of common stock percent of common stock name of beneficial owner beneficially owned ( 1 ) outstanding . <table class='wikitable'><tr><td>1</td><td>name of beneficial owner</td><td>shares of common stock beneficially owned ( 1 )</td><td>-</td><td>percent of common stock outstanding</td></tr><tr><td>2</td><td>fidelity investments</td><td>56583870</td><td>-2 ( 2 )</td><td>6.49% ( 6.49 % )</td></tr><tr><td>3</td><td>steven p . jobs</td><td>5546451</td><td>-</td><td></td></tr><tr><td>4</td><td>william v . campbell</td><td>112900</td><td>-3 ( 3 )</td><td></td></tr><tr><td>5</td><td>timothy d . cook</td><td>13327</td><td>-4 ( 4 )</td><td></td></tr><tr><td>6</td><td>millard s . drexler</td><td>230000</td><td>-5 ( 5 )</td><td></td></tr><tr><td>7</td><td>tony fadell</td><td>288702</td><td>-6 ( 6 )</td><td></td></tr><tr><td>8</td><td>albert a . gore jr .</td><td>70000</td><td>-7 ( 7 )</td><td></td></tr><tr><td>9</td><td>ronald b . johnson</td><td>1450620</td><td>-8 ( 8 )</td><td></td></tr><tr><td>10</td><td>arthur d . levinson</td><td>365015</td><td>-9 ( 9 )</td><td></td></tr><tr><td>11</td><td>peter oppenheimer</td><td>14873</td><td>-10 ( 10 )</td><td></td></tr><tr><td>12</td><td>eric e . schmidt</td><td>12284</td><td>-11 ( 11 )</td><td></td></tr><tr><td>13</td><td>jerome b . york</td><td>90000</td><td>-12 ( 12 )</td><td>*</td></tr><tr><td>14</td><td>all current executive officers and directors as a group ( 14 persons )</td><td>8352396</td><td>-13 ( 13 )</td><td>1.00% ( 1.00 % )</td></tr></table> all current executive officers and directors as a group ( 14 persons ) 8352396 ( 13 ) 1.00% ( 1.00 % ) ( 1 ) represents shares of the company 2019s common stock held and options held by such individuals that were exercisable at the table date or within 60 days thereafter . this does not include options or restricted stock units that vest more than 60 days after the table date . ( 2 ) based on a form 13g/a filed february 14 , 2007 by fmr corp . fmr corp . lists its address as 82 devonshire street , boston , ma 02109 , in such filing . ( 3 ) includes 110000 shares of the company 2019s common stock that mr . campbell has the right to acquire by exercise of stock options . ( 4 ) excludes 600000 unvested restricted stock units . ( 5 ) includes 40000 shares of the company 2019s common stock that mr . drexler holds indirectly and 190000 shares of the company 2019s common stock that mr . drexler has the right to acquire by exercise of stock options . ( 6 ) includes 275 shares of the company 2019s common stock that mr . fadell holds indirectly , 165875 shares of the company 2019s common stock that mr . fadell has the right to acquire by exercise of stock options within 60 days after the table date , 1157 shares of the company 2019s common stock held by mr . fadell 2019s spouse , and 117375 shares of the company 2019s common stock that mr . fadell 2019s spouse has the right to acquire by exercise of stock options within 60 days after the table date . excludes 210000 unvested restricted stock units held by mr . fadell and 40000 unvested restricted stock units held by mr . fadell 2019s spouse . ( 7 ) consists of 70000 shares of the company 2019s common stock that mr . gore has the right to acquire by exercise of stock options . ( 8 ) includes 1300000 shares of the company 2019s common stock that mr . johnson has the right to acquire by exercise of stock options and excludes 450000 unvested restricted stock units . ( 9 ) includes 2000 shares of the company 2019s common stock held by dr . levinson 2019s spouse and 110000 shares of the company 2019s common stock that dr . levinson has the right to acquire by exercise of stock options . ( 10 ) excludes 450000 unvested restricted stock units. .\nQuestion: what is the sum of total executive shares owned plus the unvested shares of mr. johnson?\nAnswer: 8802396.0\nQuestion: what are the total of unvested shares of mr. johnson?\nAnswer: 450000.0\nQuestion: what is the total shared owned plus total unvested shares?\nAnswer: 9252396.0\nQuestion: what are the unvested shares by mr. fadell?\n" }, { "role": "agent", "content": "210000.0" } ]
CONVFINQA3492	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2016 annual report 35 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced united states of america ( 201cu.s . 201d ) equity benchmark consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2011 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2011 2012 2013 2014 2015 2016 . <table class='wikitable'><tr><td>1</td><td>december 31 ( in dollars )</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td></tr><tr><td>2</td><td>jpmorgan chase</td><td>$ 100.00</td><td>$ 136.18</td><td>$ 186.17</td><td>$ 204.57</td><td>$ 221.68</td><td>$ 298.31</td></tr><tr><td>3</td><td>kbw bank index</td><td>100.00</td><td>133.03</td><td>183.26</td><td>200.42</td><td>201.40</td><td>258.82</td></tr><tr><td>4</td><td>s&p financial index</td><td>100.00</td><td>128.75</td><td>174.57</td><td>201.06</td><td>197.92</td><td>242.94</td></tr><tr><td>5</td><td>s&p 500 index</td><td>100.00</td><td>115.99</td><td>153.55</td><td>174.55</td><td>176.95</td><td>198.10</td></tr></table> december 31 , ( in dollars ) .\nQuestion: what was the change in the value of jpmorgan chase from the original investment in 2011 to 2016?\nAnswer: 198.31\nQuestion: and how much does this change represent in relation to the original investment?\n" }, { "role": "agent", "content": "1.9831" } ]
CONVFINQA8183	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2016 annual report 103 risk in the derivatives portfolio . in addition , the firm 2019s risk management process takes into consideration the potential impact of wrong-way risk , which is broadly defined as the potential for increased correlation between the firm 2019s exposure to a counterparty ( avg ) and the counterparty 2019s credit quality . many factors may influence the nature and magnitude of these correlations over time . to the extent that these correlations are identified , the firm may adjust the cva associated with that counterparty 2019s avg . the firm risk manages exposure to changes in cva by entering into credit derivative transactions , as well as interest rate , foreign exchange , equity and commodity derivative transactions . the accompanying graph shows exposure profiles to the firm 2019s current derivatives portfolio over the next 10 years as calculated by the peak , dre and avg metrics . the three measures generally show that exposure will decline after the first year , if no new trades are added to the portfolio . exposure profile of derivatives measures december 31 , 2016 ( in billions ) the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of all collateral , at the dates indicated . the ratings scale is based on the firm 2019s internal ratings , which generally correspond to the ratings as defined by s&p and moody 2019s . ratings profile of derivative receivables rating equivalent 2016 2015 ( a ) december 31 , ( in millions , except ratios ) exposure net of all collateral % ( % ) of exposure net of all collateral exposure net of all collateral % ( % ) of exposure net of all collateral . <table class='wikitable'><tr><td>1</td><td>rating equivalent december 31 ( in millions except ratios )</td><td>rating equivalent exposure net of all collateral</td><td>rating equivalent % ( % ) of exposure netof all collateral</td><td>exposure net of all collateral</td><td>% ( % ) of exposure netof all collateral</td></tr><tr><td>2</td><td>aaa/aaa to aa-/aa3</td><td>$ 11449</td><td>28% ( 28 % )</td><td>$ 10371</td><td>24% ( 24 % )</td></tr><tr><td>3</td><td>a+/a1 to a-/a3</td><td>8505</td><td>20</td><td>10595</td><td>25</td></tr><tr><td>4</td><td>bbb+/baa1 to bbb-/baa3</td><td>13127</td><td>32</td><td>13807</td><td>32</td></tr><tr><td>5</td><td>bb+/ba1 to b-/b3</td><td>7308</td><td>18</td><td>7500</td><td>17</td></tr><tr><td>6</td><td>ccc+/caa1 and below</td><td>984</td><td>2</td><td>824</td><td>2</td></tr><tr><td>7</td><td>total</td><td>$ 41373</td><td>100% ( 100 % )</td><td>$ 43097</td><td>100% ( 100 % )</td></tr></table> ( a ) prior period amounts have been revised to conform with the current period presentation . as previously noted , the firm uses collateral agreements to mitigate counterparty credit risk . the percentage of the firm 2019s derivatives transactions subject to collateral agreements 2014 excluding foreign exchange spot trades , which are not typically covered by collateral agreements due to their short maturity 2014 was 90% ( 90 % ) as of december 31 , 2016 , largely unchanged compared with 87% ( 87 % ) as of december 31 , 2015 . credit derivatives the firm uses credit derivatives for two primary purposes : first , in its capacity as a market-maker , and second , as an end-user to manage the firm 2019s own credit risk associated with various exposures . for a detailed description of credit derivatives , see credit derivatives in note 6 . credit portfolio management activities included in the firm 2019s end-user activities are credit derivatives used to mitigate the credit risk associated with traditional lending activities ( loans and unfunded commitments ) and derivatives counterparty exposure in the firm 2019s wholesale businesses ( collectively , 201ccredit portfolio management 201d activities ) . information on credit portfolio management activities is provided in the table below . for further information on derivatives used in credit portfolio management activities , see credit derivatives in note 6 . the firm also uses credit derivatives as an end-user to manage other exposures , including credit risk arising from certain securities held in the firm 2019s market-making businesses . these credit derivatives are not included in credit portfolio management activities ; for further information on these credit derivatives as well as credit derivatives used in the firm 2019s capacity as a market-maker in credit derivatives , see credit derivatives in note 6. .\nQuestion: in the year of 2016, how much did the aaa/aaa to aa-/aa3 amount represent in relation to the a+/a1 to a-/a3 one?\nAnswer: 1.34615\nQuestion: and in the year before, what was the total percentage of the ratings profile of derivative receivables that had a rating equivalent for junk ratings?\n" }, { "role": "agent", "content": "19.0" } ]
CONVFINQA9356	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( a ) the net change in the total valuation allowance for the years ended december 31 , 2018 and 2017 was an increase of $ 12 million and an increase of $ 26 million , respectively . deferred income tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred charges and other assets and deferred income taxes . there was a decrease in deferred income tax assets principally relating to the utilization of u.s . federal alternative minimum tax credits as permitted under tax reform . deferred tax liabilities increased primarily due to the tax deferral of the book gain recognized on the transfer of the north american consumer packaging business to a subsidiary of graphic packaging holding company . of the $ 1.5 billion of deferred tax liabilities for forestlands , related installment sales , and investment in subsidiary , $ 884 million is attributable to an investment in subsidiary and relates to a 2006 international paper installment sale of forestlands and $ 538 million is attributable to a 2007 temple-inland installment sale of forestlands ( see note 14 ) . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended december 31 , 2018 , 2017 and 2016 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ -188 ( 188 )</td><td>$ -98 ( 98 )</td><td>$ -150 ( 150 )</td></tr><tr><td>3</td><td>( additions ) reductions based on tax positions related to current year</td><td>-7 ( 7 )</td><td>-54 ( 54 )</td><td>-4 ( 4 )</td></tr><tr><td>4</td><td>( additions ) for tax positions of prior years</td><td>-37 ( 37 )</td><td>-40 ( 40 )</td><td>-3 ( 3 )</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>5</td><td>4</td><td>33</td></tr><tr><td>6</td><td>settlements</td><td>2</td><td>6</td><td>19</td></tr><tr><td>7</td><td>expiration of statutes oflimitations</td><td>2</td><td>1</td><td>5</td></tr><tr><td>8</td><td>currency translation adjustment</td><td>3</td><td>-7 ( 7 )</td><td>2</td></tr><tr><td>9</td><td>balance at december 31</td><td>$ -220 ( 220 )</td><td>$ -188 ( 188 )</td><td>$ -98 ( 98 )</td></tr></table> if the company were to prevail on the unrecognized tax benefits recorded , substantially all of the balances at december 31 , 2018 , 2017 and 2016 would benefit the effective tax rate . the company accrues interest on unrecognized tax benefits as a component of interest expense . penalties , if incurred , are recognized as a component of income tax expense . the company had approximately $ 21 million and $ 17 million accrued for the payment of estimated interest and penalties associated with unrecognized tax benefits at december 31 , 2018 and 2017 , respectively . the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia . generally , tax years 2006 through 2017 remain open and subject to examination by the relevant tax authorities . the company frequently faces challenges regarding the amount of taxes due . these challenges include positions taken by the company related to the timing , nature , and amount of deductions and the allocation of income among various tax jurisdictions . pending audit settlements and the expiration of statute of limitations could reduce the uncertain tax positions by $ 30 million during the next twelve months . the brazilian federal revenue service has challenged the deductibility of goodwill amortization generated in a 2007 acquisition by international paper do brasil ltda. , a wholly-owned subsidiary of the company . the company received assessments for the tax years 2007-2015 totaling approximately $ 150 million in tax , and $ 380 million in interest and penalties as of december 31 , 2018 ( adjusted for variation in currency exchange rates ) . after a previous favorable ruling challenging the basis for these assessments , we received an unfavorable decision in october 2018 from the brazilian administrative council of tax appeals . the company intends to further appeal the matter in the brazilian federal courts in 2019 ; however , this tax litigation matter may take many years to resolve . the company believes that it has appropriately evaluated the transaction underlying these assessments , and has concluded based on brazilian tax law , that its tax position would be sustained . the company intends to vigorously defend its position against the current assessments and any similar assessments that may be issued for tax years subsequent to 2015 . international paper uses the flow-through method to account for investment tax credits earned on eligible open-loop biomass facilities and combined heat and power system expenditures . under this method , the investment tax credits are recognized as a reduction to income tax expense in the year they are earned rather than a reduction in the asset basis . the company recorded a tax benefit of $ 6 million during 2018 and recorded a tax benefit of $ 68 million during 2017 related to investment tax credits earned in tax years 2013-2017. .\nQuestion: what is the net change in the unrecognized tax benefits from 2017 to 2018?\nAnswer: 32.0\nQuestion: what is the unrecognized tax benefits in 2017?\nAnswer: 188.0\nQuestion: what percentage change does this represent?\nAnswer: 0.17021\nQuestion: what about the unrecognized tax benefits in 2016?\n" }, { "role": "agent", "content": "98.0" } ]
CONVFINQA3206	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart iii item 10 . directors , and executive officers and corporate governance . pursuant to section 406 of the sarbanes-oxley act of 2002 , we have adopted a code of ethics for senior financial officers that applies to our principal executive officer and principal financial officer , principal accounting officer and controller , and other persons performing similar functions . our code of ethics for senior financial officers is publicly available on our website at www.hologic.com . we intend to satisfy the disclosure requirement under item 5.05 of current report on form 8-k regarding an amendment to , or waiver from , a provision of this code by posting such information on our website , at the address specified above . the additional information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 11 . executive compensation . the information required by this item is incorporated by reference to our definitive proxy statement for our annual meeting of stockholders to be filed with the securities and exchange commission within 120 days after the close of our fiscal year . item 12 . security ownership of certain beneficial owners and management and related stockholder matters . we maintain a number of equity compensation plans for employees , officers , directors and others whose efforts contribute to our success . the table below sets forth certain information as of the end of our fiscal year ended september 27 , 2008 regarding the shares of our common stock available for grant or granted under stock option plans and equity incentives that ( i ) were approved by our stockholders , and ( ii ) were not approved by our stockholders . the number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock splits effected on november 30 , 2005 and april 2 , 2008 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15370814 $ 16.10 19977099 equity compensation plans not approved by security holders ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582881 $ 3.79 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( a )</td><td>weighted-average exercise price of outstanding options warrants and rights ( b )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>15370814</td><td>$ 16.10</td><td>19977099</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 1 )</td><td>582881</td><td>$ 3.79</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>15953695</td><td>$ 15.65</td><td>19977099</td></tr></table> ( 1 ) includes the following plans : 1997 employee equity incentive plan and 2000 acquisition equity incentive plan . a description of each of these plans is as follows : 1997 employee equity incentive plan . the purposes of the 1997 employee equity incentive plan ( the 201c1997 plan 201d ) , adopted by the board of directors in may 1997 , are to attract and retain key employees , consultants and advisors , to provide an incentive for them to assist us in achieving long-range performance goals , and to enable such person to participate in our long-term growth . in general , under the 1997 plan , all employees .\nQuestion: what was the total of equity compensation plans approved by security holders?\n" }, { "role": "agent", "content": "15370814.0" } ]
CONVFINQA5083	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>year ended december 2012</td><td>year ended december 2011</td><td>year ended december 2010</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 9914</td><td>$ 9018</td><td>$ 13707</td></tr><tr><td>3</td><td>equities client execution1</td><td>3171</td><td>3031</td><td>3231</td></tr><tr><td>4</td><td>commissions and fees</td><td>3053</td><td>3633</td><td>3426</td></tr><tr><td>5</td><td>securities services</td><td>1986</td><td>1598</td><td>1432</td></tr><tr><td>6</td><td>total equities</td><td>8210</td><td>8262</td><td>8089</td></tr><tr><td>7</td><td>total net revenues</td><td>18124</td><td>17280</td><td>21796</td></tr><tr><td>8</td><td>operating expenses</td><td>12480</td><td>12837</td><td>14994</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 5644</td><td>$ 4443</td><td>$ 6802</td></tr></table> 1 . includes net revenues related to reinsurance of $ 1.08 billion , $ 880 million and $ 827 million for the years ended december 2012 , december 2011 and december 2010 , respectively . 2012 versus 2011 . net revenues in institutional client services were $ 18.12 billion for 2012 , 5% ( 5 % ) higher than 2011 . net revenues in fixed income , currency and commodities client execution were $ 9.91 billion for 2012 , 10% ( 10 % ) higher than 2011 . these results reflected strong net revenues in mortgages , which were significantly higher compared with 2011 . in addition , net revenues in credit products and interest rate products were solid and higher compared with 2011 . these increases were partially offset by significantly lower net revenues in commodities and slightly lower net revenues in currencies . although broad market concerns persisted during 2012 , fixed income , currency and commodities client execution operated in a generally improved environment characterized by tighter credit spreads and less challenging market-making conditions compared with 2011 . net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of approximately $ 500 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting lower market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . if these concerns and uncertainties continue over the long term , net revenues in fixed income , currency and commodities client execution and equities would likely be negatively impacted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre-tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . 2011 versus 2010 . net revenues in institutional client services were $ 17.28 billion for 2011 , 21% ( 21 % ) lower than 2010 . net revenues in fixed income , currency and commodities client execution were $ 9.02 billion for 2011 , 34% ( 34 % ) lower than 2010 . although activity levels during 2011 were generally consistent with 2010 levels , and results were solid during the first quarter of 2011 , the environment during the remainder of 2011 was characterized by broad market concerns and uncertainty , resulting in volatile markets and significantly wider credit spreads , which contributed to difficult market-making conditions and led to reductions in risk by us and our clients . as a result of these conditions , net revenues across the franchise were lower , including significant declines in mortgages and credit products , compared with 2010 . 54 goldman sachs 2012 annual report .\nQuestion: what was the total of net revenues in 2011?\nAnswer: 17280.0\nQuestion: and what was it in 2010?\nAnswer: 21796.0\nQuestion: what was, then, the change over the year?\nAnswer: -4516.0\nQuestion: what was the total of net revenues in 2010?\n" }, { "role": "agent", "content": "21796.0" } ]
CONVFINQA4355	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 2 ) in 2013 , our principal u.k subsidiary agreed with the trustees of one of the u.k . plans to contribute an average of $ 11 million per year to that pension plan for the next three years . the trustees of the plan have certain rights to request that our u.k . subsidiary advance an amount equal to an actuarially determined winding-up deficit . as of december 31 , 2015 , the estimated winding-up deficit was a3240 million ( $ 360 million at december 31 , 2015 exchange rates ) . the trustees of the plan have accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up deficit be paid . ( 3 ) purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally binding on us , and that specifies all significant terms , including what is to be purchased , at what price and the approximate timing of the transaction . most of our purchase obligations are related to purchases of information technology services or other service contracts . ( 4 ) excludes $ 12 million of unfunded commitments related to an investment in a limited partnership due to our inability to reasonably estimate the period ( s ) when the limited partnership will request funding . ( 5 ) excludes $ 218 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period ( s ) when potential cash settlements will be made . financial condition at december 31 , 2015 , our net assets were $ 6.2 billion , representing total assets minus total liabilities , a decrease from $ 6.6 billion at december 31 , 2014 . the decrease was due primarily to share repurchases of $ 1.6 billion , dividends of $ 323 million , and an increase in accumulated other comprehensive loss of $ 289 million related primarily to an increase in the post- retirement benefit obligation , partially offset by net income of $ 1.4 billion for the year ended december 31 , 2015 . working capital increased by $ 77 million from $ 809 million at december 31 , 2014 to $ 886 million at december 31 , 2015 . accumulated other comprehensive loss increased $ 289 million at december 31 , 2015 as compared to december 31 , 2014 , which was primarily driven by the following : 2022 negative net foreign currency translation adjustments of $ 436 million , which are attributable to the strengthening of the u.s . dollar against certain foreign currencies , 2022 a decrease of $ 155 million in net post-retirement benefit obligations , and 2022 net financial instrument losses of $ 8 million . review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network . 2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . risk solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31 ( millions except percentage data )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>revenue</td><td>$ 7426</td><td>$ 7834</td><td>$ 7789</td></tr><tr><td>3</td><td>operating income</td><td>1506</td><td>1648</td><td>1540</td></tr><tr><td>4</td><td>operating margin</td><td>20.3% ( 20.3 % )</td><td>21.0% ( 21.0 % )</td><td>19.8% ( 19.8 % )</td></tr></table> the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business . the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated .\nQuestion: what is the net income in 2015, in billions?\n" }, { "role": "agent", "content": "1.4" } ]
CONVFINQA5313	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 at december 31 , 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10. ) 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 4.2 billion as of december 31 , 2010 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2010 and 2009 included $ 2520 million , net of $ 901 million of accumulated depreciation , and $ 2754 million , net of $ 927 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2010 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2011</td><td>$ 613</td><td>$ 311</td></tr><tr><td>3</td><td>2012</td><td>526</td><td>251</td></tr><tr><td>4</td><td>2013</td><td>461</td><td>253</td></tr><tr><td>5</td><td>2014</td><td>382</td><td>261</td></tr><tr><td>6</td><td>2015</td><td>340</td><td>262</td></tr><tr><td>7</td><td>later years</td><td>2599</td><td>1355</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 4921</td><td>$ 2693</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-784 ( 784 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1909</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 624 million in 2010 , $ 686 million in 2009 , and $ 747 million in 2008 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .\nQuestion: what is the difference in operating and capital leases for 2011?\nAnswer: 302.0\nQuestion: what is the value of operating leases?\nAnswer: 613.0\nQuestion: what is the difference divided by the operating leases?\n" }, { "role": "agent", "content": "0.49266" } ]
CONVFINQA1457	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncorporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .\nQuestion: what were operating expenses in 2008?\n" }, { "role": "agent", "content": "510.0" } ]
CONVFINQA2589	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nin june 2011 , the fasb issued asu no . 2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income . this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity . the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income . the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 . the company adopted this guidance in the first quarter of 2012 . the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years . the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively . as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( \"fifo\" ) method . product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 292012</td><td>december 312011</td></tr><tr><td>2</td><td>inventories at fifo net</td><td>$ 2182419</td><td>$ 1941055</td></tr><tr><td>3</td><td>adjustments to state inventories at lifo</td><td>126190</td><td>102103</td></tr><tr><td>4</td><td>inventories at lifo net</td><td>$ 2308609</td><td>$ 2043158</td></tr></table> inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .\nQuestion: what were inventories at lifo at the end of 2012?\nAnswer: 2308609.0\nQuestion: what were they at the start of 2011?\nAnswer: 1941055.0\nQuestion: what is the net change?\nAnswer: 367554.0\nQuestion: what is the net change over the value at the start of 2011?\n" }, { "role": "agent", "content": "0.18936" } ]
CONVFINQA6505	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases . a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2009</td><td>$ 657</td><td>$ 188</td></tr><tr><td>3</td><td>2010</td><td>614</td><td>168</td></tr><tr><td>4</td><td>2011</td><td>580</td><td>178</td></tr><tr><td>5</td><td>2012</td><td>465</td><td>122</td></tr><tr><td>6</td><td>2013</td><td>389</td><td>152</td></tr><tr><td>7</td><td>later years</td><td>3204</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5909</td><td>$ 1898</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>628</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1270</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 15 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from .\nQuestion: what is the sum of operating and capital leases in 2009?\n" }, { "role": "agent", "content": "845.0" } ]
CONVFINQA9737	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to five year summary ( a ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in management 2019s discussion and analysis of financial condition and results of operations ( md&a ) ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 214 million , $ 139 million after tax ( $ 0.31 per share ) . also includes a reduction in income tax expense of $ 62 million ( $ 0.14 per share ) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion ( eti ) tax benefits . these items increased earnings by $ 201 million after tax ( $ 0.45 per share ) . ( b ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , increased earnings from continuing operations before income taxes by $ 173 million , $ 113 million after tax ( $ 0.25 per share ) . ( c ) includes the effects of items not considered in the assessment of the operating performance of our business segments ( see the section , 201cresults of operations 2013 unallocated corporate ( expense ) income , net 201d in md&a ) which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 215 million , $ 154 million after tax ( $ 0.34 per share ) . also includes a reduction in income tax expense resulting from the closure of an internal revenue service examination of $ 144 million ( $ 0.32 per share ) . these items reduced earnings by $ 10 million after tax ( $ 0.02 per share ) . ( d ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 153 million , $ 102 million after tax ( $ 0.22 per share ) . ( e ) includes the effects of items not considered in the assessment of the operating performance of our business segments which , on a combined basis , decreased earnings from continuing operations before income taxes by $ 1112 million , $ 632 million after tax ( $ 1.40 per share ) . ( f ) we define return on invested capital ( roic ) as net earnings plus after-tax interest expense divided by average invested capital ( stockholders 2019 equity plus debt ) , after adjusting stockholders 2019 equity by adding back adjustments related to postretirement benefit plans . we believe that reporting roic provides investors with greater visibility into how effectively we use the capital invested in our operations . we use roic to evaluate multi-year investment decisions and as a long-term performance measure , and also use it as a factor in evaluating management performance under certain of our incentive compensation plans . roic is not a measure of financial performance under gaap , and may not be defined and calculated by other companies in the same manner . roic should not be considered in isolation or as an alternative to net earnings as an indicator of performance . we calculate roic as follows : ( in millions ) 2006 2005 2004 2003 2002 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2006</td><td>2005</td><td>2004</td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>net earnings</td><td>$ 2529</td><td>$ 1825</td><td>$ 1266</td><td>$ 1053</td><td>$ 500</td></tr><tr><td>3</td><td>interest expense ( multiplied by 65% ( 65 % ) ) 1</td><td>235</td><td>241</td><td>276</td><td>317</td><td>378</td></tr><tr><td>4</td><td>return</td><td>$ 2764</td><td>$ 2066</td><td>$ 1542</td><td>$ 1370</td><td>$ 878</td></tr><tr><td>5</td><td>average debt2 5</td><td>$ 4727</td><td>$ 5077</td><td>$ 5932</td><td>$ 6612</td><td>$ 7491</td></tr><tr><td>6</td><td>average equity3 5</td><td>7686</td><td>7590</td><td>7015</td><td>6170</td><td>6853</td></tr><tr><td>7</td><td>average benefit plan adjustments3 45</td><td>2006</td><td>1545</td><td>1296</td><td>1504</td><td>341</td></tr><tr><td>8</td><td>average invested capital</td><td>$ 14419</td><td>$ 14212</td><td>$ 14243</td><td>$ 14286</td><td>$ 14685</td></tr><tr><td>9</td><td>return on invested capital</td><td>19.2% ( 19.2 % )</td><td>14.5% ( 14.5 % )</td><td>10.8% ( 10.8 % )</td><td>9.6% ( 9.6 % )</td><td>6.0% ( 6.0 % )</td></tr></table> 1 represents after-tax interest expense utilizing the federal statutory rate of 35% ( 35 % ) . 2 debt consists of long-term debt , including current maturities , and short-term borrowings ( if any ) . 3 equity includes non-cash adjustments , primarily for the additional minimum pension liability in all years and the adoption of fas 158 in 2006 . 4 average benefit plan adjustments reflect the cumulative value of entries identified in our statement of stockholders equity under the captions 201cadjustment for adoption of fas 158 201d and 201cminimum pension liability . 201d the annual benefit plan adjustments to equity were : 2006 = ( $ 1883 ) million ; 2005 = ( $ 105 ) million ; 2004 = ( $ 285 ) million ; 2003 = $ 331 million ; and 2002 = ( $ 1537 ) million . as these entries are recorded in the fourth quarter , the value added back to our average equity in a given year is the cumulative impact of all prior year entries plus 20% ( 20 % ) of the current year entry value . 5 yearly averages are calculated using balances at the start of the year and at the end of each quarter. .\nQuestion: what was the total of net earnings in 2006?\nAnswer: 2529.0\nQuestion: and what was it in 2005?\n" }, { "role": "agent", "content": "1825.0" } ]
CONVFINQA5344	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 5 . pension and other benefit plans ( continued ) the funded status of the group 2019s allocation of defined benefit plans , excluding the retirement plan , reconciles with amounts recognized in the 1998 statements of assets and liabilities and interdivision account as follows ( in thousands ) : actuarial present value at september 30 , 1998 2014 . <table class='wikitable'><tr><td>1</td><td>vested benefit obligation</td><td>$ -98512 ( 98512 )</td></tr><tr><td>2</td><td>accumulated benefit obligation</td><td>-108716 ( 108716 )</td></tr><tr><td>3</td><td>projected benefit obligation</td><td>$ -108716 ( 108716 )</td></tr><tr><td>4</td><td>plan assets at fair value at september 30 1998</td><td>146579</td></tr><tr><td>5</td><td>unrecognized transition liability</td><td>-1092 ( 1092 )</td></tr><tr><td>6</td><td>unrecognized net gain</td><td>-14623 ( 14623 )</td></tr><tr><td>7</td><td>unrecognized prior service cost</td><td>13455</td></tr><tr><td>8</td><td>prepaid pension cost at december 31 1998</td><td>$ 35603</td></tr></table> the weighted average discount rate used in determining the actuarial present value of the benefit obligations was 7.00% ( 7.00 % ) for the year ended december 31 , 1998 . the weighted average expected long-term rate of return on plan assets was 10% ( 10 % ) for 1998 . middle management employees participate in a variety of incentive compensation plans . these plans provide for incentive payments based on the achievement of certain targeted operating results and other specific business goals . the targeted operating results are determined each year by senior management of packaging . the amounts charged to expense for these plans were $ 1599000 for the period ended april 11 , 1999 . in june , 1992 , tenneco initiated an employee stock purchase plan ( 2018 2018espp 2019 2019 ) . the plan allows u.s . and canadian employees of the group to purchase tenneco inc . common stock through payroll deductions at a 15% ( 15 % ) discount . each year , an employee in the plan may purchase shares with a discounted value not to exceed $ 21250 . the weighted average fair value of the employee purchase right , which was estimated using the black-scholes option pricing model and the assumptions described below except that the average life of each purchase right was assumed to be 90 days , was $ 6.31 for the period ended december 31 , 1998 . the espp was terminated as of september 30 , 1996 . tenneco adopted a new employee stock purchase plan effective april 1 , 1997 . under the respective espps , tenneco sold 36883 shares to group employees for the period ended april 11 , 1999 . in december , 1996 , tenneco adopted the 1996 stock ownership plan , which permits the granting of a variety of awards , including common stock , restricted stock , performance units , stock appreciation rights , and stock options to officers and employees of tenneco . tenneco can issue up to 17000000 shares of common stock under this plan , which will terminate december 31 , 2001 . the april 11 , 1999 , fair market value of the options granted was calculated using tenneco 2019s stock price at the grant date and multiplying the amount by the historical percentage of past black-scholes pricing values fair value ( approximately 25% ( 25 % ) ) . the fair value of each stock option issued by tenneco to the group in prior periods was estimated on the date of grant using the black-sholes option pricing model using the following ranges of weighted average assumptions for grants during the past three .\nQuestion: what was the unrecognized prior service cost as a percentage of prepaid pension cost at 12/31/98?\nAnswer: 0.37792\nQuestion: was the projected benefit obligation bigger than the plan assets at fair value at 9/30/98?\n" }, { "role": "agent", "content": "no" } ]
CONVFINQA5603	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmeasurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite . <table class='wikitable'><tr><td>1</td><td>measurement pointdecember 31</td><td>booking holdings inc .</td><td>nasdaqcomposite index</td><td>s&p 500index</td><td>rdg internetcomposite</td></tr><tr><td>2</td><td>2012</td><td>100.00</td><td>100.00</td><td>100.00</td><td>100.00</td></tr><tr><td>3</td><td>2013</td><td>187.37</td><td>141.63</td><td>132.39</td><td>163.02</td></tr><tr><td>4</td><td>2014</td><td>183.79</td><td>162.09</td><td>150.51</td><td>158.81</td></tr><tr><td>5</td><td>2015</td><td>205.51</td><td>173.33</td><td>152.59</td><td>224.05</td></tr><tr><td>6</td><td>2016</td><td>236.31</td><td>187.19</td><td>170.84</td><td>235.33</td></tr><tr><td>7</td><td>2017</td><td>280.10</td><td>242.29</td><td>208.14</td><td>338.52</td></tr></table> sales of unregistered securities between october 1 , 2017 and december 31 , 2017 , we issued 103343 shares of our common stock in connection with the conversion of $ 196.1 million principal amount of our 1.0% ( 1.0 % ) convertible senior notes due 2018 . the conversions were effected in accordance with the indenture , which provides that the principal amount of converted notes be paid in cash and the conversion premium be paid in cash and/or shares of common stock at our election . in each case , we chose to pay the conversion premium in shares of common stock ( fractional shares are paid in cash ) . the issuances of the shares were not registered under the securities act of 1933 , as amended ( the \"act\" ) pursuant to section 3 ( a ) ( 9 ) of the act. .\nQuestion: what was the difference between the booking holdings inc. of 2017 and 2012?\nAnswer: 180.1\nQuestion: how much, in percentage, does that difference represent in relation to the booking holdings inc. of 2012?\nAnswer: 1.801\nQuestion: and what was the difference between the s&p 500 index of 2017 and 2012?\n" }, { "role": "agent", "content": "108.14" } ]
CONVFINQA1061	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncgmhi also has substantial borrowing arrangements consisting of facilities that cgmhi has been advised are available , but where no contractual lending obligation exists . these arrangements are reviewed on an ongoing basis to ensure flexibility in meeting cgmhi 2019s short-term requirements . the company issues both fixed and variable rate debt in a range of currencies . it uses derivative contracts , primarily interest rate swaps , to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt . the maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged . in addition , the company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances . at december 31 , 2008 , the company 2019s overall weighted average interest rate for long-term debt was 3.83% ( 3.83 % ) on a contractual basis and 4.19% ( 4.19 % ) including the effects of derivative contracts . aggregate annual maturities of long-term debt obligations ( based on final maturity dates ) including trust preferred securities are as follows : in millions of dollars 2009 2010 2011 2012 2013 thereafter . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>thereafter</td></tr><tr><td>2</td><td>citigroup parent company</td><td>$ 13463</td><td>$ 17500</td><td>$ 19864</td><td>$ 21135</td><td>$ 17525</td><td>$ 102794</td></tr><tr><td>3</td><td>other citigroup subsidiaries</td><td>55853</td><td>16198</td><td>18607</td><td>2718</td><td>4248</td><td>11691</td></tr><tr><td>4</td><td>citigroup global markets holdings inc .</td><td>1524</td><td>2352</td><td>1487</td><td>2893</td><td>392</td><td>11975</td></tr><tr><td>5</td><td>citigroup funding inc .</td><td>17632</td><td>5381</td><td>2154</td><td>1253</td><td>3790</td><td>7164</td></tr><tr><td>6</td><td>total</td><td>$ 88472</td><td>$ 41431</td><td>$ 42112</td><td>$ 27999</td><td>$ 25955</td><td>$ 133624</td></tr></table> long-term debt at december 31 , 2008 and december 31 , 2007 includes $ 24060 million and $ 23756 million , respectively , of junior subordinated debt . the company formed statutory business trusts under the laws of the state of delaware . the trusts exist for the exclusive purposes of ( i ) issuing trust securities representing undivided beneficial interests in the assets of the trust ; ( ii ) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures ( subordinated debentures ) of its parent ; and ( iii ) engaging in only those activities necessary or incidental thereto . upon approval from the federal reserve , citigroup has the right to redeem these securities . citigroup has contractually agreed not to redeem or purchase ( i ) the 6.50% ( 6.50 % ) enhanced trust preferred securities of citigroup capital xv before september 15 , 2056 , ( ii ) the 6.45% ( 6.45 % ) enhanced trust preferred securities of citigroup capital xvi before december 31 , 2046 , ( iii ) the 6.35% ( 6.35 % ) enhanced trust preferred securities of citigroup capital xvii before march 15 , 2057 , ( iv ) the 6.829% ( 6.829 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xviii before june 28 , 2047 , ( v ) the 7.250% ( 7.250 % ) enhanced trust preferred securities of citigroup capital xix before august 15 , 2047 , ( vi ) the 7.875% ( 7.875 % ) enhanced trust preferred securities of citigroup capital xx before december 15 , 2067 , and ( vii ) the 8.300% ( 8.300 % ) fixed rate/floating rate enhanced trust preferred securities of citigroup capital xxi before december 21 , 2067 unless certain conditions , described in exhibit 4.03 to citigroup 2019s current report on form 8-k filed on september 18 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on november 28 , 2006 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on march 8 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on july 2 , 2007 , in exhibit 4.02 to citigroup 2019s current report on form 8-k filed on august 17 , 2007 , in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on november 27 , 2007 , and in exhibit 4.2 to citigroup 2019s current report on form 8-k filed on december 21 , 2007 , respectively , are met . these agreements are for the benefit of the holders of citigroup 2019s 6.00% ( 6.00 % ) junior subordinated deferrable interest debentures due 2034 . citigroup owns all of the voting securities of these subsidiary trusts . these subsidiary trusts have no assets , operations , revenues or cash flows other than those related to the issuance , administration and repayment of the subsidiary trusts and the subsidiary trusts 2019 common securities . these subsidiary trusts 2019 obligations are fully and unconditionally guaranteed by citigroup. .\nQuestion: in 2009, what percentage of the total due aggregate annual maturities of long-term debt obligations ( based on final maturity dates ), including trust preferred securities, were related to citigroup funding inc .?\nAnswer: 0.19929\nQuestion: and three years later, in 2012, what were those total aggregate annual maturities of long-term debt obligations?\nAnswer: 27999.0\nQuestion: what were they in 2011?\nAnswer: 42112.0\nQuestion: what was, then, the change over the year?\nAnswer: -14113.0\nQuestion: and what is this change as a percentage of those 2011 obligations?\n" }, { "role": "agent", "content": "-0.33513" } ]
CONVFINQA5610	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .\nQuestion: what was the value of unrecognized tax benefits at the end of 2012?\nAnswer: 82.0\nQuestion: what was the value at the end of 2011?\nAnswer: 107.0\nQuestion: what is the net change in value?\nAnswer: -25.0\nQuestion: what is the 2011 value?\nAnswer: 107.0\nQuestion: what is the net change over the 2011 value?\n" }, { "role": "agent", "content": "-0.23364" } ]
CONVFINQA2759	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nunited parcel service , inc . and subsidiaries notes to consolidated financial statements floating-rate senior notes the floating-rate senior notes with principal amounts totaling $ 1.043 billion , bear interest at either one or three-month libor , less a spread ranging from 30 to 45 basis points . the average interest rate for 2017 and 2016 was 0.74% ( 0.74 % ) and 0.21% ( 0.21 % ) , respectively . these notes are callable at various times after 30 years at a stated percentage of par value , and putable by the note holders at various times after one year at a stated percentage of par value . the notes have maturities ranging from 2049 through 2067 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . in march and november 2017 , we issued floating-rate senior notes in the principal amounts of $ 147 and $ 64 million , respectively , which are included in the $ 1.043 billion floating-rate senior notes described above . these notes will bear interest at three-month libor less 30 and 35 basis points , respectively and mature in 2067 . the remaining three floating-rate senior notes in the principal amounts of $ 350 , $ 400 and $ 500 million , bear interest at three-month libor , plus a spread ranging from 15 to 45 basis points . the average interest rate for 2017 and 2016 was 0.50% ( 0.50 % ) and 0.0% ( 0.0 % ) , respectively . these notes are not callable . the notes have maturities ranging from 2021 through 2023 . we classified the floating-rate senior notes that are putable by the note holder as a long-term liability , due to our intent and ability to refinance the debt if the put option is exercised by the note holder . capital lease obligations we have certain property , plant and equipment subject to capital leases . some of the obligations associated with these capital leases have been legally defeased . the recorded value of our property , plant and equipment subject to capital leases is as follows as of december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>vehicles</td><td>$ 70</td><td>$ 68</td></tr><tr><td>3</td><td>aircraft</td><td>2291</td><td>2291</td></tr><tr><td>4</td><td>buildings</td><td>285</td><td>190</td></tr><tr><td>5</td><td>accumulated amortization</td><td>-990 ( 990 )</td><td>-896 ( 896 )</td></tr><tr><td>6</td><td>property plant and equipment subject to capital leases</td><td>$ 1656</td><td>$ 1653</td></tr></table> these capital lease obligations have principal payments due at various dates from 2018 through 3005 . facility notes and bonds we have entered into agreements with certain municipalities to finance the construction of , or improvements to , facilities that support our u.s . domestic package and supply chain & freight operations in the united states . these facilities are located around airport properties in louisville , kentucky ; dallas , texas ; and philadelphia , pennsylvania . under these arrangements , we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities , as follows : 2022 bonds with a principal balance of $ 149 million issued by the louisville regional airport authority associated with our worldport facility in louisville , kentucky . the bonds , which are due in january 2029 , bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.83% ( 0.83 % ) and 0.37% ( 0.37 % ) , respectively . 2022 bonds with a principal balance of $ 42 million and due in november 2036 issued by the louisville regional airport authority associated with our air freight facility in louisville , kentucky . the bonds bear interest at a variable rate , and the average interest rates for 2017 and 2016 were 0.80% ( 0.80 % ) and 0.36% ( 0.36 % ) , respectively . 2022 bonds with a principal balance of $ 29 million issued by the dallas / fort worth international airport facility improvement corporation associated with our dallas , texas airport facilities . the bonds are due in may 2032 and bear interest at a variable rate , however the variable cash flows on the obligation have been swapped to a fixed 5.11% ( 5.11 % ) . 2022 in september 2015 , we entered into an agreement with the delaware county , pennsylvania industrial development authority , associated with our philadelphia , pennsylvania airport facilities , for bonds issued with a principal balance of $ 100 million . these bonds , which are due september 2045 , bear interest at a variable rate . the average interest rate for 2017 and 2016 was 0.78% ( 0.78 % ) and 0.40% ( 0.40 % ) , respectively. .\nQuestion: what is the balance of buildings subject to capital lease in 2017?\n" }, { "role": "agent", "content": "285.0" } ]
CONVFINQA6662	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2009 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 130.29</td><td>$ 135.35</td><td>$ 140.54</td><td>$ 205.95</td><td>$ 223.79</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.06</td><td>$ 117.48</td><td>$ 136.26</td><td>$ 180.38</td><td>$ 205.05</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 126.74</td><td>$ 126.75</td><td>$ 136.24</td><td>$ 192.61</td><td>$ 240.91</td></tr></table> .\nQuestion: what was the variation in the performance price of the ups from 2010 to 2012?\n" }, { "role": "agent", "content": "10.25" } ]
CONVFINQA1358	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe weighted average fair value of options granted during 2010 , 2009 and 2008 was estimated to be $ 7.84 , $ 7.18 and $ 3.84 , respectively , using the black-scholes option pricing model with the assumptions below: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>risk free interest rate</td><td>1.1% ( 1.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.8% ( 2.8 % )</td></tr><tr><td>3</td><td>volatility</td><td>35.6% ( 35.6 % )</td><td>35.0% ( 35.0 % )</td><td>26.0% ( 26.0 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>0.7% ( 0.7 % )</td><td>1.0% ( 1.0 % )</td><td>1.0% ( 1.0 % )</td></tr><tr><td>5</td><td>weighted average expected life ( years )</td><td>4.4</td><td>5.0</td><td>5.3</td></tr></table> at december 31 , 2010 and 2009 , the total unrecognized compensation cost related to non-vested stock awards is $ 129.3 million and $ 93.5 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.7 years as of both year ends . the company granted a total of 1.5 million restricted stock awards at prices ranging from $ 25.76 to $ 28.15 on various dates in 2010 . these awards vest annually over three years . the company also granted 0.9 million performance restricted stock units during 2010 . these performance restricted stock units have been granted at the maximum achievable level and the number of shares that can vest is based on specific revenue and ebitda goals for periods from 2010 through 2012 . during 2009 , we granted 0.5 million shares of restricted stock at a price of $ 22.55 that vest annually over 3 years . on october 1 , 2009 , the company granted 0.4 million restricted stock units at a price of $ 24.85 per share that vested over six months . on march 20 , 2008 , we granted 0.4 million shares of restricted stock at a price of $ 38.75 that were to vest quarterly over 2 years . on july 2 , 2008 , 0.2 million of these shares were canceled and assumed by lps . the remaining unvested restricted shares were converted by the conversion factor of 1.7952 . these awards vested as of october 1 , 2009 , under the change in control provisions due to the metavante acquisition . on october 27 , 2008 , we granted 0.8 million shares of restricted stock at a price of $ 14.35 that vest annually over 3 years . as of december 31 , 2010 and 2009 , we have approximately 2.2 million and 1.4 million unvested restricted shares remaining . as of december 31 , 2010 we also have 0.6 million of restricted stock units that have not vested . share repurchase plans on october 25 , 2006 , our board of directors approved a plan authorizing repurchases of up to $ 200.0 million worth of our common stock ( the 201cold plan 201d ) . on april 17 , 2008 , our board of directors approved a plan authorizing repurchases of up to an additional $ 250.0 million worth of our common stock ( the 201cnew plan 201d ) . under the new plan we repurchased 5.8 million shares of our stock for $ 226.2 million , at an average price of $ 38.97 for the year ended december 31 , 2008 . during the year ended december 31 , 2008 , we also repurchased an additional 0.2 million shares of our stock for $ 10.0 million at an average price of $ 40.56 under the old plan . during 2007 , the company repurchased 1.6 million shares at an average price of $ 49.15 under the old plan . on february 4 , 2010 our board of directors approved a plan authorizing repurchases of up to 15.0 million shares of our common stock in the open market , at prevailing market prices or in privately negotiated transactions , through january 31 , 2013 . we repurchased 1.4 million shares of our common stock for $ 32.2 million , at an average price of $ 22.97 through march 31 , 2010 . no additional shares were repurchased under this plan during the year ended december 31 , 2010 . approximately 13.6 million shares of our common stock remain available to repurchase under this plan as of december 31 , 2010 . on may 25 , 2010 , our board of directors authorized a leveraged recapitalization plan to repurchase up to $ 2.5 billion of our common stock at a price range of $ 29.00 2014 $ 31.00 per share of common stock through a modified 201cdutch auction 201d tender offer ( the 201ctender offer 201d ) . the tender offer commenced on july 6 , 2010 and expired on august 3 , 2010 . the tender offer was oversubscribed at $ 29.00 , resulting in the purchase of 86.2 million shares , including 6.4 million shares underlying previously unexercised stock options . the repurchased shares were added to treasury stock . fidelity national information services , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : g26369 pcn : 087000000 *%%pcmsg\|87 \|00008\|yes\|no\|03/28/2011 17:32\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the change in the fair value of the options from 2009 to 2010?\n" }, { "role": "agent", "content": "0.66" } ]
CONVFINQA526	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncitigroup 2019s repurchases are primarily from government sponsored entities . the specific representations and warranties made by the company depend on the nature of the transaction and the requirements of the buyer . market conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the company may agree to in loan sales . in the event of a breach of the representations and warranties , the company may be required to either repurchase the mortgage loans ( generally at unpaid principal balance plus accrued interest ) with the identified defects or indemnify ( 201cmake-whole 201d ) the investor or insurer . the company has recorded a repurchase reserve that is included in other liabilities in the consolidated balance sheet . in the case of a repurchase , the company will bear any subsequent credit loss on the mortgage loans . the company 2019s representations and warranties are generally not subject to stated limits in amount or time of coverage . however , contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach . in the case of a repurchase , the loan is typically considered a credit- impaired loan and accounted for under sop 03-3 , 201caccounting for certain loans and debt securities , acquired in a transfer 201d ( now incorporated into asc 310-30 , receivables 2014loans and debt securities acquired with deteriorated credit quality ) . these repurchases have not had a material impact on nonperforming loan statistics , because credit-impaired purchased sop 03-3 loans are not included in nonaccrual loans . the company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole . this estimate is calculated separately by sales vintage ( i.e. , the year the loans were sold ) based on a combination of historical trends and forecasted repurchases and losses considering the : ( 1 ) trends in requests by investors for loan documentation packages to be reviewed ; ( 2 ) trends in recent repurchases and make-wholes ; ( 3 ) historical percentage of claims made as a percentage of loan documentation package requests ; ( 4 ) success rate in appealing claims ; ( 5 ) inventory of unresolved claims ; and ( 6 ) estimated loss given repurchase or make-whole , including the loss of principal , accrued interest , and foreclosure costs . the company does not change its estimation methodology by counterparty , but the historical experience and trends are considered when evaluating the overall reserve . the request for loan documentation packages is an early indicator of a potential claim . during 2009 , loan documentation package requests and the level of outstanding claims increased . in addition , our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience . these factors contributed to a $ 493 million change in estimate for this reserve in 2009 . as indicated above , the repurchase reserve is calculated by sales vintage . the majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages , which also represent the vintages with the largest loss- given-repurchase . an insignificant percentage of 2009 repurchases were from vintages prior to 2006 , and this is expected to decrease , because those vintages are later in the credit cycle . although early in the credit cycle , the company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages . in the case of a repurchase of a credit-impaired sop 03-3 loan ( now incorporated into asc 310-30 ) , the difference between the loan 2019s fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve . payments to make the investor whole are also treated as utilizations and charged directly against the reserve . the provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale , which is included in other revenue in the consolidated statement of income . a liability for representations and warranties is estimated when the company sells loans and is updated quarterly . any subsequent adjustment to the provision is recorded in other revenue in the consolidated statement of income . the activity in the repurchase reserve for the years ended december 31 , 2009 and 2008 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance beginning of the year</td><td>$ 75</td><td>$ 2</td></tr><tr><td>3</td><td>additions for new sales</td><td>33</td><td>23</td></tr><tr><td>4</td><td>change in estimate</td><td>493</td><td>59</td></tr><tr><td>5</td><td>utilizations</td><td>-119 ( 119 )</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>balance end of the year</td><td>$ 482</td><td>$ 75</td></tr></table> goodwill goodwill represents an acquired company 2019s acquisition cost over the fair value of net tangible and intangible assets acquired . goodwill is subject to annual impairment tests , whereby goodwill is allocated to the company 2019s reporting units and an impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value . furthermore , on any business dispositions , goodwill is allocated to the business disposed of based on the ratio of the fair value of the business disposed of to the fair value of the reporting unit . intangible assets intangible assets 2014including core deposit intangibles , present value of future profits , purchased credit card relationships , other customer relationships , and other intangible assets , but excluding msrs 2014are amortized over their estimated useful lives . intangible assets deemed to have indefinite useful lives , primarily certain asset management contracts and trade names , are not amortized and are subject to annual impairment tests . an impairment exists if the carrying value of the indefinite-lived intangible asset exceeds its fair value . for other intangible assets subject to amortization , an impairment is recognized if the carrying amount is not recoverable and exceeds the fair value of the intangible asset . other assets and other liabilities other assets include , among other items , loans held-for-sale , deferred tax assets , equity-method investments , interest and fees receivable , premises and equipment , end-user derivatives in a net receivable position , repossessed assets , and other receivables. .\nQuestion: what is the end year balance of the repurchase reserve in 2009?\nAnswer: 482.0\nQuestion: what about in 2008?\nAnswer: 75.0\nQuestion: what is the net change in these years?\n" }, { "role": "agent", "content": "407.0" } ]
CONVFINQA3940	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 138 jpmorgan chase & co./2013 annual report the credit derivatives used in credit portfolio management activities do not qualify for hedge accounting under u.s . gaap ; these derivatives are reported at fair value , with gains and losses recognized in principal transactions revenue . in contrast , the loans and lending-related commitments being risk-managed are accounted for on an accrual basis . this asymmetry in accounting treatment , between loans and lending-related commitments and the credit derivatives used in credit portfolio management activities , causes earnings volatility that is not representative , in the firm 2019s view , of the true changes in value of the firm 2019s overall credit exposure . the effectiveness of the firm 2019s credit default swap ( 201ccds 201d ) protection as a hedge of the firm 2019s exposures may vary depending on a number of factors , including the named reference entity ( i.e. , the firm may experience losses on specific exposures that are different than the named reference entities in the purchased cds ) , and the contractual terms of the cds ( which may have a defined credit event that does not align with an actual loss realized by the firm ) and the maturity of the firm 2019s cds protection ( which in some cases may be shorter than the firm 2019s exposures ) . however , the firm generally seeks to purchase credit protection with a maturity date that is the same or similar to the maturity date of the exposure for which the protection was purchased , and remaining differences in maturity are actively monitored and managed by the firm . credit portfolio hedges the following table sets out the fair value related to the firm 2019s credit derivatives used in credit portfolio management activities , the fair value related to the cva ( which reflects the credit quality of derivatives counterparty exposure ) , as well as certain other hedges used in the risk management of cva . these results can vary from period-to- period due to market conditions that affect specific positions in the portfolio . net gains and losses on credit portfolio hedges year ended december 31 , ( in millions ) 2013 2012 2011 hedges of loans and lending- related commitments $ ( 142 ) $ ( 163 ) $ ( 32 ) . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>hedges of loans and lending-related commitments</td><td>$ -142 ( 142 )</td><td>$ -163 ( 163 )</td><td>$ -32 ( 32 )</td></tr><tr><td>3</td><td>cva and hedges of cva</td><td>-130 ( 130 )</td><td>127</td><td>-769 ( 769 )</td></tr><tr><td>4</td><td>net gains/ ( losses )</td><td>$ -272 ( 272 )</td><td>$ -36 ( 36 )</td><td>$ -801 ( 801 )</td></tr></table> community reinvestment act exposure the community reinvestment act ( 201ccra 201d ) encourages banks to meet the credit needs of borrowers in all segments of their communities , including neighborhoods with low or moderate incomes . the firm is a national leader in community development by providing loans , investments and community development services in communities across the united states . at december 31 , 2013 and 2012 , the firm 2019s cra loan portfolio was approximately $ 18 billion and $ 16 billion , respectively . at december 31 , 2013 and 2012 , 50% ( 50 % ) and 62% ( 62 % ) , respectively , of the cra portfolio were residential mortgage loans ; 26% ( 26 % ) and 13% ( 13 % ) , respectively , were commercial real estate loans ; 16% ( 16 % ) and 18% ( 18 % ) , respectively , were business banking loans ; and 8% ( 8 % ) and 7% ( 7 % ) , respectively , were other loans . cra nonaccrual loans were 3% ( 3 % ) and 4% ( 4 % ) , respectively , of the firm 2019s total nonaccrual loans . for the years ended december 31 , 2013 and 2012 , net charge-offs in the cra portfolio were 1% ( 1 % ) and 3% ( 3 % ) , respectively , of the firm 2019s net charge-offs in both years. .\nQuestion: how much did the firm 2019s cra loan portfolio in 2013 represent in relation to the one in 2012?\nAnswer: 1.125\nQuestion: and in that same year of 2013, what percentage of the total hedges of loans and lending-related commitments was from cva and hedges of cva?\n" }, { "role": "agent", "content": "0.47794" } ]
CONVFINQA10946	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2012 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 146.54</td><td>$ 159.23</td><td>$ 148.89</td><td>$ 182.70</td><td>$ 195.75</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 132.38</td><td>$ 150.49</td><td>$ 152.55</td><td>$ 170.79</td><td>$ 208.06</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 141.38</td><td>$ 176.83</td><td>$ 147.19</td><td>$ 179.37</td><td>$ 213.49</td></tr></table> .\nQuestion: what was the change in the value of the united parcel service inc . considering its value in 2017 and the original amount invested in it in 2012?\nAnswer: 95.75\nQuestion: and how much does this change represent in relation to this original amount, in percentage?\n" }, { "role": "agent", "content": "0.9575" } ]
CONVFINQA296	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe target awards for the other named executive officers were set as follows : joseph f . domino , ceo - entergy texas ( 50% ( 50 % ) ) ; hugh t . mcdonald , ceo - entergy arkansas ( 50% ( 50 % ) ) ; haley fisackerly , ceo - entergy mississippi ( 40% ( 40 % ) ) ; william m . mohl ( 60% ( 60 % ) ) , ceo - entergy gulf states and entergy louisiana ; charles l . rice , jr . ( 40% ( 40 % ) ) , ceo - entergy new orleans and theodore h . bunting , jr . - principal accounting officer - the subsidiaries ( 60% ( 60 % ) ) . the target awards for the named executive officers ( other than entergy named executive officers ) were set by their respective supervisors ( subject to ultimate approval of entergy 2019s chief executive officer ) who allocated a potential incentive pool established by the personnel committee among various of their direct and indirect reports . in setting the target awards , the supervisor took into account considerations similar to those used by the personnel committee in setting the target awards for entergy 2019s named executive officers . target awards are set based on an executive officer 2019s current position and executive management level within the entergy organization . executive management levels at entergy range from level 1 thorough level 4 . mr . denault and mr . taylor hold positions in level 2 whereas mr . bunting and mr . mohl hold positions in level 3 and mr . domino , mr . fisackerly , mr . mcdonald and mr . rice hold positions in level 4 . accordingly , their respective incentive targets differ one from another based on the external market data developed by the committee 2019s independent compensation consultant and the other factors noted above . in december 2010 , the committee determined the executive incentive plan targets to be used for purposes of establishing annual bonuses for 2011 . the committee 2019s determination of the target levels was made after full board review of management 2019s 2011 financial plan for entergy corporation , upon recommendation of the finance committee , and after the committee 2019s determination that the established targets aligned with entergy corporation 2019s anticipated 2011 financial performance as reflected in the financial plan . the targets established to measure management performance against as reported results were: . <table class='wikitable'><tr><td>1</td><td>-</td><td>minimum</td><td>target</td><td>maximum</td></tr><tr><td>2</td><td>earnings per share ( $ )</td><td>$ 6.10</td><td>$ 6.60</td><td>$ 7.10</td></tr><tr><td>3</td><td>operating cash flow ( $ in billions )</td><td>$ 2.97</td><td>$ 3.35</td><td>$ 3.70</td></tr></table> operating cash flow ( $ in billions ) in january 2012 , after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the committee determined that entergy corporation had exceeded as reported earnings per share target of $ 6.60 by $ 0.95 in 2011 while falling short of the operating cash flow goal of $ 3.35 billion by $ 221 million in 2011 . in accordance with the terms of the annual incentive plan , in january 2012 , the personnel committee certified the 2012 entergy achievement multiplier at 128% ( 128 % ) of target . under the terms of the management effectiveness program , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive if the pre- established underlying performance goals established by the personnel committee are satisfied at the end of the performance period , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether . in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee a mechanism to take into consideration specific achievement factors relating to the overall performance of entergy corporation . in january 2012 , the committee eliminated the management effectiveness factor with respect to the 2011 incentive awards , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management . the annual incentive awards for the named executive officers ( other than mr . leonard , mr . denault and mr . taylor ) are awarded from an incentive pool approved by the committee . from this pool , each named executive officer 2019s supervisor determines the annual incentive payment based on the entergy achievement multiplier . the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance . the incentive awards are subject to the ultimate approval of entergy 2019s chief executive officer. .\nQuestion: what was the shortfall in operating cash flow in 2011?\nAnswer: 221.0\nQuestion: what is that divided by1000000?\nAnswer: 0.00022\nQuestion: what was the target operating cash flow divided by the total shortfall?\n" }, { "role": "agent", "content": "3.34978" } ]
CONVFINQA8582	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 the total amount of unrecognized tax benefits anticipated to result in a net decrease to unrecognized tax benefits within 12 months of december 31 , 2017 is estimated to be between $ 5 million and $ 15 million , primarily relating to statute of limitation lapses and tax exam settlements . the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 352</td><td>$ 364</td><td>$ 384</td></tr><tr><td>3</td><td>additions for current year tax positions</td><td>2014</td><td>2</td><td>2</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>2</td><td>1</td><td>12</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-5 ( 5 )</td><td>-1 ( 1 )</td><td>-7 ( 7 )</td></tr><tr><td>6</td><td>effects of foreign currency translation</td><td>2014</td><td>2014</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>settlements</td><td>2014</td><td>-13 ( 13 )</td><td>-17 ( 17 )</td></tr><tr><td>8</td><td>lapse of statute of limitations</td><td>-1 ( 1 )</td><td>-1 ( 1 )</td><td>-7 ( 7 )</td></tr><tr><td>9</td><td>balance at december 31</td><td>$ 348</td><td>$ 352</td><td>$ 364</td></tr></table> the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years . the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded . while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits . however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty . it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2017 . our effective tax rate and net income in any given future period could therefore be materially impacted . 21 . discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market . eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance . upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business . as a result , the company deconsolidated eletropaulo . after deconsolidation , the company's 17% ( 17 % ) ownership interest is reflected as an equity method investment . the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl . in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation . therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented . eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively . eletropaulo's pre-tax income attributable to aes for the year ended december 31 , 2015 was $ 73 million . prior to its classification as discontinued operations , eletropaulo was reported in the brazil sbu reportable segment . sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 . the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented . upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul . prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell . however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group . on october 31 , 2016 , the company completed the sale of sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration . upon disposal of sul , the company incurred an additional after-tax .\nQuestion: what was the amount of the after-tax loss on deconsolidation that hit ordinary income in 2017?\n" }, { "role": "agent", "content": "243.0" } ]
CONVFINQA354	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2005 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 201020092008200720062005 s&p 500 ups dj transport . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/05</td><td>12/31/06</td><td>12/31/07</td><td>12/31/08</td><td>12/31/09</td><td>12/31/10</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 101.76</td><td>$ 98.20</td><td>$ 78.76</td><td>$ 84.87</td><td>$ 110.57</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 115.79</td><td>$ 122.16</td><td>$ 76.96</td><td>$ 97.33</td><td>$ 111.99</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 109.82</td><td>$ 111.38</td><td>$ 87.52</td><td>$ 103.79</td><td>$ 131.59</td></tr></table> .\nQuestion: what was the performance value of the united parcel service inc . in 2010?\nAnswer: 110.57\nQuestion: and what was the change in this performance from 2005 to 2010?\nAnswer: 10.57\nQuestion: what is, then, the return on that stock, or how much does this change represent in relation to that performance value in 2005, in percentage?\nAnswer: 0.1057\nQuestion: what was the change in the performance value of the standard & poor 2019s 500 index from 2005 to 2010?\nAnswer: 11.99\nQuestion: what was, then, the return on that stock for that period, in percentage?\nAnswer: 0.1199\nQuestion: and what is the difference between the return for the united parcel service inc . and the one for standard & poor 2019s 500 index?\n" }, { "role": "agent", "content": "-0.0142" } ]
CONVFINQA10150	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nabiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 8 . stock award plans and stock-based compensation ( continued ) restricted stock and restricted stock units the following table summarizes restricted stock and restricted stock unit activity for the fiscal year ended march 31 , 2012 : number of shares ( in thousands ) weighted average grant date fair value ( per share ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of shares ( in thousands )</td><td>weighted average grant date fair value ( per share )</td></tr><tr><td>2</td><td>restricted stock and restricted stock units at beginning of year</td><td>407</td><td>$ 9.84</td></tr><tr><td>3</td><td>granted</td><td>607</td><td>18.13</td></tr><tr><td>4</td><td>vested</td><td>-134 ( 134 )</td><td>10.88</td></tr><tr><td>5</td><td>forfeited</td><td>-9 ( 9 )</td><td>13.72</td></tr><tr><td>6</td><td>restricted stock and restricted stock units at end of year</td><td>871</td><td>$ 15.76</td></tr></table> the remaining unrecognized compensation expense for outstanding restricted stock and restricted stock units , including performance-based awards , as of march 31 , 2012 was $ 7.1 million and the weighted-average period over which this cost will be recognized is 2.2 years . the weighted average grant-date fair value for restricted stock and restricted stock units granted during the years ended march 31 , 2012 , 2011 , and 2010 was $ 18.13 , $ 10.00 and $ 7.67 per share , respectively . the total fair value of restricted stock and restricted stock units vested in fiscal years 2012 , 2011 , and 2010 was $ 1.5 million , $ 1.0 million and $ 0.4 million , respectively . performance-based awards included in the restricted stock and restricted stock units activity discussed above are certain awards granted in fiscal years 2012 , 2011 and 2010 that vest subject to certain performance-based criteria . in june 2010 , 311000 shares of restricted stock and a performance-based award for the potential issuance of 45000 shares of common stock were issued to certain executive officers and members of senior management of the company , all of which would vest upon achievement of prescribed service milestones by the award recipients and performance milestones by the company . during the year ended march 31 , 2011 , the company determined that it met the prescribed performance targets and a portion of these shares and stock options vested . the remaining shares will vest upon satisfaction of prescribed service conditions by the award recipients . during the three months ended june 30 , 2011 , the company determined that it should have been using the graded vesting method instead of the straight-line method to expense stock-based compensation for the performance-based awards issued in june 2010 . this resulted in additional stock based compensation expense of approximately $ 0.6 million being recorded during the three months ended june 30 , 2011 that should have been recorded during the year ended march 31 , 2011 . the company believes that the amount is not material to its march 31 , 2011 consolidated financial statements and therefore recorded the adjustment in the quarter ended june 30 , 2011 . during the three months ended june 30 , 2011 , performance-based awards of restricted stock units for the potential issuance of 284000 shares of common stock were issued to certain executive officers and members of the senior management , all of which would vest upon achievement of prescribed service milestones by the award recipients and revenue performance milestones by the company . as of march 31 , 2012 , the company determined that it met the prescribed targets for 184000 shares underlying these awards and it believes it is probable that the prescribed performance targets will be met for the remaining 100000 shares , and the compensation expense is being recognized accordingly . during the year ended march 31 , 2012 , the company has recorded $ 3.3 million in stock-based compensation expense for equity awards in which the prescribed performance milestones have been achieved or are probable of being achieved . the remaining unrecognized compensation expense related to these equity awards at march 31 , 2012 is $ 3.6 million based on the company 2019s current assessment of probability of achieving the performance milestones . the weighted-average period over which this cost will be recognized is 2.1 years. .\nQuestion: what was the number of vested shares in 2012?\nAnswer: 134.0\nQuestion: what was the average price per share?\nAnswer: 10.88\nQuestion: what is the total value of vested shares?\n" }, { "role": "agent", "content": "1457.92" } ]
CONVFINQA1395	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries . the amount of parent company guarantees on lease obligations was $ 857.3 and $ 619.4 as of december 31 , 2016 and 2015 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 395.6 and $ 336.5 as of december 31 , 2016 and 2015 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2016 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>thereafter</td><td>total</td></tr><tr><td>2</td><td>deferred acquisition payments</td><td>$ 76.9</td><td>$ 31.6</td><td>$ 25.1</td><td>$ 8.9</td><td>$ 26.9</td><td>$ 11.4</td><td>$ 180.8</td></tr><tr><td>3</td><td>redeemable noncontrolling interests and call options with affiliates1</td><td>34.7</td><td>76.5</td><td>32.9</td><td>3.9</td><td>3.1</td><td>4.2</td><td>155.3</td></tr><tr><td>4</td><td>total contingent acquisition payments</td><td>$ 111.6</td><td>$ 108.1</td><td>$ 58.0</td><td>$ 12.8</td><td>$ 30.0</td><td>$ 15.6</td><td>$ 336.1</td></tr></table> 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2016 . these estimated payments of $ 25.9 are included within the total payments expected to be made in 2017 , and will continue to be carried forward into 2018 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 4 for further information relating to the payment structure of our acquisitions . legal matters in the normal course of business , we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company is in the process of concluding a settlement related to these matters with government agencies . the company confirmed that one of its standalone domestic agencies has been contacted by the department of justice antitrust division for documents regarding video production practices and is cooperating with the government. .\nQuestion: what is the value of total redeemable noncontrolling interests and call options with affiliates in?\n" }, { "role": "agent", "content": "155.3" } ]
CONVFINQA10485	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe following is a reconciliation of the total amounts of unrecognized tax benefits for the year : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>unrecognized tax benefit 2014january 1 2008</td><td>$ 7928</td></tr><tr><td>2</td><td>ansoft unrecognized tax benefit 2014acquired july 31 2008</td><td>3525</td></tr><tr><td>3</td><td>gross increases 2014tax positions in prior period</td><td>2454</td></tr><tr><td>4</td><td>gross decreases 2014tax positions in prior period</td><td>-1572 ( 1572 )</td></tr><tr><td>5</td><td>gross increases 2014tax positions in current period</td><td>2255</td></tr><tr><td>6</td><td>reductions due to a lapse of the applicable statute of limitations</td><td>-1598 ( 1598 )</td></tr><tr><td>7</td><td>changes due to currency fluctuation</td><td>-259 ( 259 )</td></tr><tr><td>8</td><td>settlements</td><td>-317 ( 317 )</td></tr><tr><td>9</td><td>unrecognized tax benefit 2014december 31 2008</td><td>$ 12416</td></tr></table> included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.6 million of tax benefits that , if recognized , would affect the effective tax rate . also included in the balance of unrecognized tax benefits at december 31 , 2008 are $ 5.0 million of tax benefits that , if recognized , would result in a decrease to goodwill recorded in purchase business combinations , and $ 1.9 million of tax benefits that , if recognized , would result in adjustments to other tax accounts , primarily deferred taxes . the company believes it is reasonably possible that uncertain tax positions of approximately $ 2.6 million as of december 31 , 2008 will be resolved within the next twelve months . the company recognizes interest and penalties related to unrecognized tax benefits as income tax expense . related to the uncertain tax benefits noted above , the company recorded interest of $ 171000 during 2008 . penalties recorded during 2008 were insignificant . in total , as of december 31 , 2008 , the company has recognized a liability for penalties of $ 498000 and interest of $ 1.8 million . the company is subject to taxation in the u.s . and various states and foreign jurisdictions . the company 2019s 2005 through 2008 tax years are open to examination by the internal revenue service . the 2005 and 2006 federal returns are currently under examination . the company also has various foreign subsidiaries with tax filings under examination , as well as numerous foreign and state tax filings subject to examination for various years . 10 . pension and profit-sharing plans the company has 401 ( k ) /profit-sharing plans for all qualifying full-time domestic employees that permit participants to make contributions by salary reduction pursuant to section 401 ( k ) of the internal revenue code . the company makes matching contributions on behalf of each eligible participant in an amount equal to 100% ( 100 % ) of the first 3% ( 3 % ) and an additional 25% ( 25 % ) of the next 5% ( 5 % ) , for a maximum total of 4.25% ( 4.25 % ) of the employee 2019s compensation . the company may make a discretionary profit sharing contribution in the amount of 0% ( 0 % ) to 5% ( 5 % ) based on the participant 2019s eligible compensation , provided the employee is employed at the end of the year and has worked at least 1000 hours . the qualifying domestic employees of the company 2019s ansoft subsidiary , acquired on july 31 , 2008 , also participate in a 401 ( k ) plan . there is no matching employer contribution associated with this plan . the company also maintains various defined contribution pension arrangements for its international employees . expenses related to the company 2019s retirement programs were $ 3.7 million in 2008 , $ 4.7 million in 2007 and $ 4.1 million in 2006 . 11 . non-compete and employment agreements employees of the company have signed agreements under which they have agreed not to disclose trade secrets or confidential information and , where legally permitted , that restrict engagement in or connection with any business that is competitive with the company anywhere in the world while employed by the company ( and .\nQuestion: what was the value in unrecognized tax benefits at the end of 2008?\n" }, { "role": "agent", "content": "12416.0" } ]
CONVFINQA2103	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi compensation survey group ( 12 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi compensation survey group ( 12 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2010</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2011</td><td>$ 139.80</td><td>$ 114.10</td><td>$ 102.10</td></tr><tr><td>4</td><td>december 31 2012</td><td>$ 154.60</td><td>$ 128.00</td><td>$ 118.50</td></tr><tr><td>5</td><td>december 31 2013</td><td>$ 167.70</td><td>$ 163.60</td><td>$ 156.80</td></tr><tr><td>6</td><td>december 31 2014</td><td>$ 164.20</td><td>$ 170.10</td><td>$ 178.30</td></tr><tr><td>7</td><td>december 31 2015</td><td>$ 186.20</td><td>$ 179.20</td><td>$ 180.80</td></tr></table> ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc . ( 2 ) on october 1 , 2012 , international , inc . ( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc . ( nasdaq : krft ) . international , inc . was retained in the pmi compensation survey group index because of its global footprint . the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc . and kraft foods group , inc . on october 2 , 2012 . note : figures are rounded to the nearest $ 0.10. .\nQuestion: what was the value of pmi at end of 2015?\nAnswer: 186.2\nQuestion: what is that less the initial $100 assumption?\nAnswer: 86.2\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.862" } ]
CONVFINQA7681	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nprior to its adoption of sfas no . 123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period . if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture . as required upon adoption of sfas no . 123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered . actual forfeitures are no longer recorded in the period of forfeiture . in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no . 123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited . a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair . <table class='wikitable'><tr><td>1</td><td>-</td><td>shares ( in thousands )</td><td>weighted- average grant date fair value</td></tr><tr><td>2</td><td>non-vested at december 31 2006:</td><td>2878</td><td>$ 13.01</td></tr><tr><td>3</td><td>issued</td><td>830</td><td>$ 22.85</td></tr><tr><td>4</td><td>released ( vested )</td><td>-514 ( 514 )</td><td>$ 15.93</td></tr><tr><td>5</td><td>canceled</td><td>-1197 ( 1197 )</td><td>$ 13.75</td></tr><tr><td>6</td><td>non-vested at december 31 2007:</td><td>1997</td><td>$ 15.91</td></tr></table> as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards . this cost is expected to be recognized over a weighted-average period of 1.6 years . the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively . employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods . under sfas no . 123 ( r ) , the 2002 purchase plan was considered compensatory . effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision . as a result , the purchase plan was not compensatory beginning august 1 , 2005 . for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 . at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan . 401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements . the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company . total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. .\nQuestion: what was the total contribution expense in 2007?\n" }, { "role": "agent", "content": "5.7" } ]
CONVFINQA9324	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations state street corporation \| 90 table 30 : total deposits average balance december 31 years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>december 31 2017</td><td>december 31 2016</td><td>december 31 2017</td><td>2016</td></tr><tr><td>2</td><td>client deposits</td><td>$ 180149</td><td>$ 176693</td><td>$ 158996</td><td>$ 156029</td></tr><tr><td>3</td><td>wholesale cds</td><td>4747</td><td>10470</td><td>4812</td><td>14456</td></tr><tr><td>4</td><td>total deposits</td><td>$ 184896</td><td>$ 187163</td><td>$ 163808</td><td>$ 170485</td></tr></table> short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively . state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2017 , there was no balance outstanding on this line of credit . long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients . in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds . in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts . a majority of our derivative contracts have been entered into under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings . we assess the impact of these arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies . the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k . other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. .\nQuestion: what was the balance of collateral in the form of high-quality investment securities in 2016?\nAnswer: 4.4\nQuestion: and what was it in 2017?\nAnswer: 2.84\nQuestion: what is, then, the difference between the 2016 balance and the 2017 one?\nAnswer: 1.56\nQuestion: what was the balance of collateral in the form of high-quality investment securities in 2017?\nAnswer: 2.84\nQuestion: and how much does that difference represent in relation to this 2017 balance, in percentage?\n" }, { "role": "agent", "content": "0.5493" } ]
CONVFINQA6720	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nexpenditures and acquisitions of leased properties are funded by the original contributor of the assets , but no change in ownership interest may result from these contributions . an excess of ashland funded improvements over marathon funded improvements results in a net gain and an excess of marathon funded improvements over ashland funded improvements results in a net loss . cost of revenues increased by $ 8.718 billion in 2003 from 2002 and $ 367 million in 2002 from 2001 . the increases in the oerb segment were primarily a result of higher natural gas and liquid hydrocarbon costs . the increases in the rm&t segment primarily reflected higher acquisition costs for crude oil , refined products , refinery charge and blend feedstocks and increased manufacturing expenses . selling , general and administrative expenses increased by $ 107 million in 2003 from 2002 and $ 125 million in 2002 from 2001 . the increase in 2003 was primarily a result of increased employee benefits ( caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets ) and other employee related costs . also , marathon changed assumptions in the health care cost trend rate from 7.5% ( 7.5 % ) to 10% ( 10 % ) , resulting in higher retiree health care costs . additionally , during 2003 , marathon recorded a charge of $ 24 million related to organizational and business process changes . the increase in 2002 primarily reflected increased employee related costs . inventory market valuation reserve is established to reduce the cost basis of inventories to current market value . the 2002 results of operations include credits to income from operations of $ 71 million , reversing the imv reserve at december 31 , 2001 . for additional information on this adjustment , see 201cmanagement 2019s discussion and analysis of critical accounting estimates 2013 net realizable value of inventories 201d on page 31 . net interest and other financial costs decreased by $ 82 million in 2003 from 2002 , following an increase of $ 96 million in 2002 from 2001 . the decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects , the favorable effect of interest rate swaps , the favorable effect of interest on tax deficiencies and increased interest income on investments . the increase in 2002 was primarily due to higher average debt levels resulting from acquisitions and the separation . additionally , included in net interest and other financing costs are foreign currency gains of $ 13 million and $ 8 million for 2003 and 2002 and losses of $ 5 million for 2001 . loss from early extinguishment of debt in 2002 was attributable to the retirement of $ 337 million aggregate principal amount of debt , resulting in a loss of $ 53 million . as a result of the adoption of statement of financial accounting standards no . 145 201crescission of fasb statements no . 4 , 44 , and 64 , amendment of fasb statement no . 13 , and technical corrections 201d ( 201csfas no . 145 201d ) , the loss from early extinguishment of debt that was previously reported as an extraordinary item ( net of taxes of $ 20 million ) has been reclassified into income before income taxes . the adoption of sfas no . 145 had no impact on net income for 2002 . minority interest in income of map , which represents ashland 2019s 38 percent ownership interest , increased by $ 129 million in 2003 from 2002 , following a decrease of $ 531 million in 2002 from 2001 . map income was higher in 2003 compared to 2002 as discussed below in the rm&t segment . map income was significantly lower in 2002 compared to 2001 as discussed below in the rm&t segment . provision for income taxes increased by $ 215 million in 2003 from 2002 , following a decrease of $ 458 million in 2002 from 2001 , primarily due to $ 720 million increase and $ 1.356 billion decrease in income before income taxes . the effective tax rate for 2003 was 36.6% ( 36.6 % ) compared to 42.1% ( 42.1 % ) and 37.1% ( 37.1 % ) for 2002 and 2001 . the higher rate in 2002 was due to the united kingdom enactment of a supplementary 10 percent tax on profits from the north sea oil and gas production , retroactively effective to april 17 , 2002 . in 2002 , marathon recognized a one-time noncash deferred tax adjustment of $ 61 million as a result of the rate increase . the following is an analysis of the effective tax rate for the periods presented: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>statutory tax rate</td><td>35.0% ( 35.0 % )</td><td>35.0% ( 35.0 % )</td><td>35.0% ( 35.0 % )</td></tr><tr><td>3</td><td>effects of foreign operations ( a )</td><td>-0.4 ( 0.4 )</td><td>5.6</td><td>-0.7 ( 0.7 )</td></tr><tr><td>4</td><td>state and local income taxes after federal income tax effects</td><td>2.2</td><td>3.9</td><td>3.0</td></tr><tr><td>5</td><td>other federal tax effects</td><td>-0.2 ( 0.2 )</td><td>-2.4 ( 2.4 )</td><td>-0.2 ( 0.2 )</td></tr><tr><td>6</td><td>effective tax rate</td><td>36.6% ( 36.6 % )</td><td>42.1% ( 42.1 % )</td><td>37.1% ( 37.1 % )</td></tr></table> ( a ) the deferred tax effect related to the enactment of a supplemental tax in the u.k . increased the effective tax rate 7.0 percent in 2002. .\nQuestion: what was the state and local income taxes after federal income tax effects in 2003?\nAnswer: 2.2\nQuestion: what was the state and local income taxes after federal income tax effects in 2002?\n" }, { "role": "agent", "content": "3.9" } ]
CONVFINQA7066	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) the following table presents average u.s . and non-u.s . short-duration advances for the years ended december 31 : years ended december 31 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>average u.s . short-duration advances</td><td>$ 2356</td><td>$ 1972</td><td>$ 1994</td></tr><tr><td>3</td><td>average non-u.s . short-duration advances</td><td>1393</td><td>1393</td><td>1585</td></tr><tr><td>4</td><td>average total short-duration advances</td><td>$ 3749</td><td>$ 3365</td><td>$ 3579</td></tr></table> although average short-duration advances for the year ended december 31 , 2013 increased compared to the year ended december 31 , 2012 , such average advances remained low relative to historical levels , mainly the result of clients continuing to hold higher levels of liquidity . average other interest-earning assets increased to $ 11.16 billion for the year ended december 31 , 2013 from $ 7.38 billion for the year ended december 31 , 2012 . the increased levels were primarily the result of higher levels of cash collateral provided in connection with our participation in principal securities finance transactions . aggregate average interest-bearing deposits increased to $ 109.25 billion for the year ended december 31 , 2013 from $ 98.39 billion for the year ended december 31 , 2012 . this increase was mainly due to higher levels of non-u.s . transaction accounts associated with the growth of new and existing business in assets under custody and administration . future transaction account levels will be influenced by the underlying asset servicing business , as well as market conditions , including the general levels of u.s . and non-u.s . interest rates . average other short-term borrowings declined to $ 3.79 billion for the year ended december 31 , 2013 from $ 4.68 billion for the year ended december 31 , 2012 , as higher levels of client deposits provided additional liquidity . average long-term debt increased to $ 8.42 billion for the year ended december 31 , 2013 from $ 7.01 billion for the year ended december 31 , 2012 . the increase primarily reflected the issuance of $ 1.0 billion of extendible notes by state street bank in december 2012 , the issuance of $ 1.5 billion of senior and subordinated debt in may 2013 , and the issuance of $ 1.0 billion of senior debt in november 2013 . this increase was partly offset by maturities of $ 1.75 billion of senior debt in the second quarter of 2012 . average other interest-bearing liabilities increased to $ 6.46 billion for the year ended december 31 , 2013 from $ 5.90 billion for the year ended december 31 , 2012 , primarily the result of higher levels of cash collateral received from clients in connection with our participation in principal securities finance transactions . several factors could affect future levels of our net interest revenue and margin , including the mix of client liabilities ; actions of various central banks ; changes in u.s . and non-u.s . interest rates ; changes in the various yield curves around the world ; revised or proposed regulatory capital or liquidity standards , or interpretations of those standards ; the amount of discount accretion generated by the former conduit securities that remain in our investment securities portfolio ; and the yields earned on securities purchased compared to the yields earned on securities sold or matured . based on market conditions and other factors , we continue to reinvest the majority of the proceeds from pay- downs and maturities of investment securities in highly-rated securities , such as u.s . treasury and agency securities , federal agency mortgage-backed securities and u.s . and non-u.s . mortgage- and asset-backed securities . the pace at which we continue to reinvest and the types of investment securities purchased will depend on the impact of market conditions and other factors over time . we expect these factors and the levels of global interest rates to dictate what effect our reinvestment program will have on future levels of our net interest revenue and net interest margin. .\nQuestion: what was the average total short-duration advances in 2013?\nAnswer: 3749.0\nQuestion: and in 2012?\nAnswer: 3365.0\nQuestion: so what is the difference between these two values?\n" }, { "role": "agent", "content": "384.0" } ]
CONVFINQA6050	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2022 the failure of our information systems to function as intended or their penetration by outside parties with the intent to corrupt them or our failure to comply with privacy laws and regulations could result in business disruption , litigation and regulatory action , and loss of revenue , assets or personal or other confidential data . we use information systems to help manage business processes , collect and interpret business data and communicate internally and externally with employees , suppliers , customers and others . some of these information systems are managed by third-party service providers . we have backup systems and business continuity plans in place , and we take care to protect our systems and data from unauthorized access . nevertheless , failure of our systems to function as intended , or penetration of our systems by outside parties intent on extracting or corrupting information or otherwise disrupting business processes , could place us at a competitive disadvantage , result in a loss of revenue , assets or personal or other sensitive data , litigation and regulatory action , cause damage to our reputation and that of our brands and result in significant remediation and other costs . failure to protect personal data and respect the rights of data subjects could subject us to substantial fines under regulations such as the eu general data protection regulation . 2022 we may be required to replace third-party contract manufacturers or service providers with our own resources . in certain instances , we contract with third parties to manufacture some of our products or product parts or to provide other services . we may be unable to renew these agreements on satisfactory terms for numerous reasons , including government regulations . accordingly , our costs may increase significantly if we must replace such third parties with our own resources . item 1b . unresolved staff comments . item 2 . properties . at december 31 , 2017 , we operated and owned 46 manufacturing facilities and maintained contract manufacturing relationships with 25 third-party manufacturers across 23 markets . in addition , we work with 38 third-party operators in indonesia who manufacture our hand-rolled cigarettes . pmi-owned manufacturing facilities eema asia america canada total . <table class='wikitable'><tr><td>1</td><td>-</td><td>eu ( 1 )</td><td>eema</td><td>asia</td><td>latinamerica&canada</td><td>total</td></tr><tr><td>2</td><td>fully integrated</td><td>7</td><td>8</td><td>9</td><td>7</td><td>31</td></tr><tr><td>3</td><td>make-pack</td><td>3</td><td>2014</td><td>1</td><td>2</td><td>6</td></tr><tr><td>4</td><td>other</td><td>3</td><td>1</td><td>3</td><td>2</td><td>9</td></tr><tr><td>5</td><td>total</td><td>13</td><td>9</td><td>13</td><td>11</td><td>46</td></tr></table> ( 1 ) includes facilities that produced heated tobacco units in 2017 . in 2017 , 23 of our facilities each manufactured over 10 billion cigarettes , of which eight facilities each produced over 30 billion units . our largest factories are in karawang and sukorejo ( indonesia ) , izmir ( turkey ) , krakow ( poland ) , st . petersburg and krasnodar ( russia ) , batangas and marikina ( philippines ) , berlin ( germany ) , kharkiv ( ukraine ) , and kutna hora ( czech republic ) . our smallest factories are mostly in latin america and asia , where due to tariff and other constraints we have established small manufacturing units in individual markets . we will continue to optimize our manufacturing base , taking into consideration the evolution of trade blocks . the plants and properties owned or leased and operated by our subsidiaries are maintained in good condition and are believed to be suitable and adequate for our present needs . we are integrating the production of heated tobacco units into a number of our existing manufacturing facilities and progressing with our plans to build manufacturing capacity for our other rrp platforms. .\nQuestion: how much do the facilities located in the eu represent in relation to the total?\n" }, { "role": "agent", "content": "0.28261" } ]
CONVFINQA1228	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\noperating expenses operating expenses were $ 2.9 billion , an increase of 8% ( 8 % ) over 2000 . adjusted for the formation of citistreet , operating expenses grew 10% ( 10 % ) . expense growth in 2001 of 10% ( 10 % ) is significantly lower than the comparable 20% ( 20 % ) expense growth for 2000 compared to 1999 . state street successfully reduced the growth rate of expenses as revenue growth slowed during the latter half of 2000 and early 2001 . the expense growth in 2001 reflects higher expenses for salaries and employee benefits , as well as information systems and communications . o p e r a t i n g e x p e n s e s ( dollars in millions ) 2001 2000 1999 change adjusted change 00-01 ( 1 ) . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001</td><td>2000</td><td>1999</td><td>change 00-01</td><td>adjusted change 00-01 ( 1 )</td></tr><tr><td>2</td><td>salaries and employee benefits</td><td>$ 1663</td><td>$ 1524</td><td>$ 1313</td><td>9% ( 9 % )</td><td>11% ( 11 % )</td></tr><tr><td>3</td><td>information systems and communications</td><td>365</td><td>305</td><td>287</td><td>20</td><td>22</td></tr><tr><td>4</td><td>transaction processing services</td><td>247</td><td>268</td><td>237</td><td>-8 ( 8 )</td><td>-7 ( 7 )</td></tr><tr><td>5</td><td>occupancy</td><td>229</td><td>201</td><td>188</td><td>15</td><td>16</td></tr><tr><td>6</td><td>other</td><td>363</td><td>346</td><td>311</td><td>5</td><td>7</td></tr><tr><td>7</td><td>total operating expenses</td><td>$ 2867</td><td>$ 2644</td><td>$ 2336</td><td>8</td><td>10</td></tr><tr><td>8</td><td>number of employees</td><td>19753</td><td>17604</td><td>17213</td><td>12</td><td>-</td></tr></table> ( 1 ) 2000 results adjusted for the formation of citistreet expenses related to salaries and employee benefits increased $ 139million in 2001 , or $ 163millionwhen adjusted for the formation of citistreet . the adjusted increase reflects more than 2100 additional staff to support the large client wins and new business from existing clients and acquisitions . this expense increase was partially offset by lower incentive-based compensation . information systems and communications expense was $ 365 million in 2001 , up 20% ( 20 % ) from the prior year . adjusted for the formation of citistreet , information systems and communications expense increased 22% ( 22 % ) . this growth reflects both continuing investment in software and hardware , aswell as the technology costs associated with increased staffing levels . expenses related to transaction processing services were $ 247 million , down $ 21 million , or 8% ( 8 % ) . these expenses are volume related and include external contract services , subcustodian fees , brokerage services and fees related to securities settlement . lower mutual fund shareholder activities , and lower subcustodian fees resulting from both the decline in asset values and lower transaction volumes , drove the decline . occupancy expensewas $ 229million , up 15% ( 15 % ) . the increase is due to expenses necessary to support state street 2019s global growth , and expenses incurred for leasehold improvements and other operational costs . other expenses were $ 363 million , up $ 17 million , or 5% ( 5 % ) . these expenses include professional services , advertising and sales promotion , and internal operational expenses . the increase over prior year is due to a $ 21 million increase in the amortization of goodwill , primarily from acquisitions in 2001 . in accordance with recent accounting pronouncements , goodwill amortization expense will be eliminated in 2002 . state street recorded approximately $ 38 million , or $ .08 per share after tax , of goodwill amortization expense in 2001 . state street 2019s cost containment efforts , which reduced discretionary spending , partially offset the increase in other expenses . state street corporation 9 .\nQuestion: what was the number of employees in 2001?\nAnswer: 19753.0\nQuestion: and in 2000?\nAnswer: 17604.0\nQuestion: and the difference between these two years?\nAnswer: 2149.0\nQuestion: and the number in 2000 again?\nAnswer: 17604.0\nQuestion: so what was the growth rate between these two years?\n" }, { "role": "agent", "content": "0.12207" } ]

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