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CONVFINQA9138	[ { "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 . 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 , 2009 . 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>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>215.0</td><td>227.3</td><td>235.5</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>0.8</td><td>1.0</td><td>2.0</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>215.8</td><td>228.3</td><td>237.5</td></tr></table> weighted average shares outstanding for basic net earnings per share 215.0 227.3 235.5 effect of dilutive stock options and other equity awards 0.8 1.0 2.0 weighted average shares outstanding for diluted net earnings per share 215.8 228.3 237.5 for the year ended december 31 , 2009 , an average of 14.3 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 , 2008 and 2007 , an average of 11.2 million and 3.1 million options , respectively , were not included . during 2009 , we repurchased approximately 19.8 million shares of our common stock at an average price of $ 46.56 per share for a total cash outlay of $ 923.7 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which was originally set to expire on december 31 , 2009 . in september 2009 , the board of directors extended this program to december 31 , 2010 . approximately $ 211.1 million remains authorized for future repurchases under this plan . 15 . segment data we design , develop , manufacture and market orthopaedic reconstructive implants , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in 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 reportable 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 , realignment and other expenses , net curtailment and settlement , 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 9 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c55340 pcn : 060000000 *%%pcmsg\|60 \|00007\|yes\|no\|02/24/2010 01:32\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: how many weighted average shares outstanding for basic net earning per share in 2009?\nAnswer: 215.0\nQuestion: what was it in 2008?\nAnswer: 227.3\nQuestion: what is the net change?\nAnswer: -12.3\nQuestion: what was the 2008 number?\nAnswer: 227.3\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "-0.05411" } ]
CONVFINQA8710	[ { "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 primarily to certain undistributed foreign earnings for which no u.s . taxes are provided because such earnings are intended to be indefinitely reinvested outside the u.s . the lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which u.s . income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the u.s . as of september 25 , 2010 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.4 billion , and deferred tax liabilities of $ 5.0 billion . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with future reversals of existing taxable temporary differences , will be sufficient to fully recover the deferred tax assets . the company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance . the internal revenue service ( the 201cirs 201d ) has completed its field audit of the company 2019s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments . the company has contested certain of these adjustments through the irs appeals office . the irs is currently examining the years 2007 through 2009 . all irs audit issues for years prior to 2004 have been resolved . during the third quarter of 2010 , the company reached a tax settlement with the irs for the years 2002 through 2003 . in addition , the company is subject to audits by state , local , and foreign tax authorities . management believes that adequate provision has been made for any adjustments that may result from tax examinations . however , the outcome of tax audits cannot be predicted with certainty . if any issues addressed in the company 2019s tax audits are resolved in a manner not consistent with management 2019s expectations , the company could be required to adjust its provision for income taxes in the period such resolution occurs . liquidity and capital resources the following table presents selected financial information and statistics as of and for the three years ended september 25 , 2010 ( in millions ) : as of september 25 , 2010 , the company had $ 51 billion in cash , cash equivalents and marketable securities , an increase of $ 17 billion from september 26 , 2009 . the principal component of this net increase was the cash generated by operating activities of $ 18.6 billion , which was partially offset by payments for acquisition of property , plant and equipment of $ 2 billion and payments made in connection with business acquisitions , net of cash acquired , of $ 638 million . the company 2019s marketable securities investment portfolio is invested primarily in highly rated securities , generally with a minimum rating of single-a or equivalent . as of september 25 , 2010 and september 26 , 2009 , $ 30.8 billion and $ 17.4 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 51011</td><td>$ 33992</td><td>$ 24490</td></tr><tr><td>3</td><td>accounts receivable net</td><td>$ 5510</td><td>$ 3361</td><td>$ 2422</td></tr><tr><td>4</td><td>inventories</td><td>$ 1051</td><td>$ 455</td><td>$ 509</td></tr><tr><td>5</td><td>working capital</td><td>$ 20956</td><td>$ 20049</td><td>$ 18645</td></tr><tr><td>6</td><td>annual operating cash flow</td><td>$ 18595</td><td>$ 10159</td><td>$ 9596</td></tr></table> .\nQuestion: what was the value of cash, cash equivalents and marketable securities in 2010?\n" }, { "role": "agent", "content": "51011.0" } ]
CONVFINQA6942	[ { "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 determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively . the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively . cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . <table class='wikitable'><tr><td>1</td><td>shares in thousands december 31 2013</td><td>nonvested incentive/ performance unit shares 1647</td><td>weighted-averagegrant datefair value $ 63.49</td><td>nonvested restricted stock/ share units 3483</td><td>weighted-averagegrant datefair value $ 62.70</td></tr><tr><td>2</td><td>granted</td><td>723</td><td>79.90</td><td>1276</td><td>81.29</td></tr><tr><td>3</td><td>vested/released</td><td>-513 ( 513 )</td><td>63.64</td><td>-962 ( 962 )</td><td>62.32</td></tr><tr><td>4</td><td>forfeited</td><td>-20 ( 20 )</td><td>69.18</td><td>-145 ( 145 )</td><td>69.44</td></tr><tr><td>5</td><td>december 31 2014</td><td>1837</td><td>$ 69.84</td><td>3652</td><td>$ 69.03</td></tr></table> the pnc financial services group , inc . 2013 form 10-k 185 .\nQuestion: what was the tax benefit realized from option exercises under all incentive plans in 2014, in millions?\nAnswer: 33.0\nQuestion: and what was it in 2013, also in millions?\nAnswer: 31.0\nQuestion: what was, then, in millions, the total tax of benefit realized from option exercises under all incentive plans for both years combined?\nAnswer: 64.0\nQuestion: what was that tax benefit in 2012, in millions?\nAnswer: 14.0\nQuestion: including, then, 2012, what then becomes that total of tax benefit realized from option exercises under all incentive plans, in millions?\nAnswer: 78.0\nQuestion: and what is, in millions, the average tax benefit between those three years?\n" }, { "role": "agent", "content": "26.0" } ]
CONVFINQA2799	[ { "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 arkansas , inc . and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities . results of operations net income 2011 compared to 2010 net income decreased $ 7.7 million primarily due to a higher effective income tax rate , lower other income , and higher other operation and maintenance expenses , substantially offset by higher net revenue , lower depreciation and amortization expenses , and lower interest expense . 2010 compared to 2009 net income increased $ 105.7 million primarily due to higher net revenue , a lower effective income tax rate , higher other income , and lower depreciation and amortization expenses , partially offset by higher other operation and maintenance expenses . net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2011 to 2010 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2010 net revenue</td><td>$ 1216.7</td></tr><tr><td>3</td><td>retail electric price</td><td>31.0</td></tr><tr><td>4</td><td>ano decommissioning trust</td><td>26.4</td></tr><tr><td>5</td><td>transmission revenue</td><td>13.1</td></tr><tr><td>6</td><td>volume/weather</td><td>-15.9 ( 15.9 )</td></tr><tr><td>7</td><td>net wholesale revenue</td><td>-11.9 ( 11.9 )</td></tr><tr><td>8</td><td>capacity acquisition recovery</td><td>-10.3 ( 10.3 )</td></tr><tr><td>9</td><td>other</td><td>3.2</td></tr><tr><td>10</td><td>2011 net revenue</td><td>$ 1252.3</td></tr></table> the retail electric price variance is primarily due to a base rate increase effective july 2010 . see note 2 to the financial statements for more discussion of the rate case settlement . the ano decommissioning trust variance is primarily related to the deferral of investment gains from the ano 1 and 2 decommissioning trust in 2010 in accordance with regulatory treatment . the gains resulted in an increase in 2010 in interest and investment income and a corresponding increase in regulatory charges with no effect on net income. .\nQuestion: what was the 2011 net revenue?\nAnswer: 1252.3\nQuestion: and for 2010?\nAnswer: 1216.7\nQuestion: so what was the difference between these two years?\nAnswer: 35.6\nQuestion: and the percentage increase during this time?\n" }, { "role": "agent", "content": "0.02926" } ]
CONVFINQA3558	[ { "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 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 . assets acquired , principally plant , totaled $ 17 . liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 . during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 . assets acquired , primarily utility plant , totaled $ 67 . liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 . included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities . the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations . the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition . the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes . similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable . the acquired debt was valued in a manner consistent with the company 2019s level 3 debt . see note 17 2014fair value of financial instruments . non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 . divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses . after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 . the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>operating revenues</td><td>$ 13</td><td>$ 23</td></tr><tr><td>3</td><td>total operating expenses net</td><td>19</td><td>26</td></tr><tr><td>4</td><td>loss from discontinued operations before income taxes</td><td>-6 ( 6 )</td><td>-3 ( 3 )</td></tr><tr><td>5</td><td>provision ( benefit ) for income taxes</td><td>1</td><td>-1 ( 1 )</td></tr><tr><td>6</td><td>loss from discontinued operations net of tax</td><td>$ -7 ( 7 )</td><td>$ -2 ( 2 )</td></tr></table> the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales . there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. .\nQuestion: what was the change in operating profits from 2013 to 2014?\n" }, { "role": "agent", "content": "-10.0" } ]
CONVFINQA2909	[ { "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\nconsume significant amounts of energy , and we may in the future incur additional or increased capital , operating and other expenditures from changes due to new or increased climate-related and other environmental regulations . we could also incur substantial liabilities , including fines or sanctions , enforcement actions , natural resource damages claims , cleanup and closure costs , and third-party claims for property damage and personal injury under environmental and common laws . the foreign corrupt practices act of 1977 and local anti-bribery laws , including those in brazil , china , mexico , india and the united kingdom ( where we maintain operations directly or through a joint venture ) , prohibit companies and their intermediaries from making improper payments to government officials for the purpose of influencing official decisions . our internal control policies and procedures , or those of our vendors , may not adequately protect us from reckless or criminal acts committed or alleged to have been committed by our employees , agents or vendors . any such violations could lead to civil or criminal monetary and non-monetary penalties and/or could damage our reputation . we are subject to a number of labor and employment laws and regulations that could significantly increase our operating costs and reduce our operational flexibility . additionally , changing privacy laws in the united states ( including the california consumer privacy act , which will become effective in january 2020 ) , europe ( where the general data protection regulation became effective in 2018 ) and elsewhere have created new individual privacy rights , imposed increased obligations on companies handling personal data and increased potential exposure to fines and penalties . item 1b . unresolved staff comments there are no unresolved sec staff comments . item 2 . properties we operate locations in north america , including the majority of u.s . states , south america , europe , asia and australia . we lease our principal offices in atlanta , ga . we believe that our existing production capacity is adequate to serve existing demand for our products and consider our plants and equipment to be in good condition . our corporate and operating facilities as of september 30 , 2019 are summarized below: . <table class='wikitable'><tr><td>1</td><td>segment</td><td>number of facilities owned</td><td>number of facilities leased</td><td>number of facilities total</td></tr><tr><td>2</td><td>corrugated packaging</td><td>112</td><td>61</td><td>173</td></tr><tr><td>3</td><td>consumer packaging</td><td>84</td><td>55</td><td>139</td></tr><tr><td>4</td><td>corporate and significant regional offices</td><td>2014</td><td>10</td><td>10</td></tr><tr><td>5</td><td>total</td><td>196</td><td>126</td><td>322</td></tr></table> the tables that follow show our annual production capacity by mill at september 30 , 2019 in thousands of tons , except for the north charleston , sc mill which reflects our capacity after the previously announced machine closure expected to occur in fiscal 2020 . our mill system production levels and operating rates may vary from year to year due to changes in market and other factors , including the impact of hurricanes and other weather-related events . our simple average mill system operating rates for the last three years averaged 94% ( 94 % ) . we own all of our mills. .\nQuestion: what is the amount of facilities that is owned by the company?\nAnswer: 196.0\nQuestion: and what is the total of those facilities?\nAnswer: 322.0\nQuestion: what percentage, then, of this total does that amount represent?\nAnswer: 0.6087\nQuestion: and what is the amount of facilities that are for consumer packaging?\nAnswer: 139.0\nQuestion: what percentage, then, does this amount represent?\n" }, { "role": "agent", "content": "0.43168" } ]
CONVFINQA111	[ { "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 difference in revenue between 2000 and 2001?\nAnswer: -94.0\nQuestion: and the value for 2000 specifically?\n" }, { "role": "agent", "content": "6241.0" } ]
CONVFINQA416	[ { "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\nissuer purchases of equity securities the following table provides information about our repurchases of common stock during the three-month period ended december 31 , 2012 . period total number of shares purchased average price paid per total number of shares purchased as part of publicly announced program ( a ) amount available for future share repurchases the program ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced program ( a )</td><td>amount available for future share repurchases under the program ( b ) ( in millions )</td></tr><tr><td>2</td><td>october 1 2012 2013 october 28 2012</td><td>842445</td><td>$ 93.38</td><td>842445</td><td>$ 2522</td></tr><tr><td>3</td><td>october 29 2012 2013 november 25 2012</td><td>872973</td><td>90.86</td><td>872973</td><td>2443</td></tr><tr><td>4</td><td>november 26 2012 2013 december 31 2012</td><td>1395288</td><td>92.02</td><td>1395288</td><td>2315</td></tr><tr><td>5</td><td>total</td><td>3110706</td><td>$ 92.07</td><td>3110706</td><td>$ 2315</td></tr></table> ( a ) we repurchased a total of 3.1 million shares of our common stock for $ 286 million during the quarter ended december 31 , 2012 under a share repurchase program that we announced in october 2010 . ( b ) our board of directors has approved a share repurchase program for the repurchase of our common stock from time-to-time , authorizing an amount available for share repurchases of $ 6.5 billion . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . the program does not have an expiration date . as of december 31 , 2012 , we had repurchased a total of 54.3 million shares under the program for $ 4.2 billion. .\nQuestion: what was the number of shares repurchased in october?\nAnswer: 842445.0\nQuestion: what was the average price per share?\nAnswer: 93.38\nQuestion: what is the total value of shares repurchased?\n" }, { "role": "agent", "content": "78667514.1" } ]
CONVFINQA2636	[ { "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\n17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2016 , and 2015 included $ 1997 million , net of $ 1121 million of accumulated depreciation , and $ 2273 million , net of $ 1189 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 , 2016 , 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>2017</td><td>$ 461</td><td>$ 221</td></tr><tr><td>3</td><td>2018</td><td>390</td><td>193</td></tr><tr><td>4</td><td>2019</td><td>348</td><td>179</td></tr><tr><td>5</td><td>2020</td><td>285</td><td>187</td></tr><tr><td>6</td><td>2021</td><td>245</td><td>158</td></tr><tr><td>7</td><td>later years</td><td>1314</td><td>417</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 3043</td><td>$ 1355</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-250 ( 250 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1105</td></tr></table> approximately 96% ( 96 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 535 million in 2016 , $ 590 million in 2015 , and $ 593 million in 2014 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 94% ( 94 % ) of the recorded liability is related to asserted claims and approximately 6% ( 6 % ) is related to unasserted claims at december 31 , 2016 . 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 approximately $ 290 million to $ 317 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .\nQuestion: what is the total minimum payments for operating leases?\n" }, { "role": "agent", "content": "3043.0" } ]
CONVFINQA7637	[ { "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\nfive-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2012 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2017 , we repurchased 37122405 shares of our common stock at an average price of $ 110.50 . the following table presents common stock repurchases during each month for the fourth quarter of 2017 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased [a]</td><td>average price paid per share</td><td>total number of shares purchased as part of a publicly announcedplan or program [b]</td><td>maximum number of shares remaining under the plan or program [b]</td></tr><tr><td>2</td><td>oct . 1 through oct . 31</td><td>3831636</td><td>$ 113.61</td><td>3800000</td><td>89078662</td></tr><tr><td>3</td><td>nov . 1 through nov . 30</td><td>3005225</td><td>117.07</td><td>2937410</td><td>86141252</td></tr><tr><td>4</td><td>dec . 1 through dec . 31</td><td>2718319</td><td>130.76</td><td>2494100</td><td>83647152</td></tr><tr><td>5</td><td>total</td><td>9555180</td><td>$ 119.58</td><td>9231510</td><td>n/a</td></tr></table> [a] total number of shares purchased during the quarter includes approximately 323670 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .\nQuestion: what portion of total number of shares purchased during the fourth quarter of 2007?\nAnswer: 0.401\nQuestion: what is the number of shares attested to upc by employees to pay stock option exercise prices during the last quarter of 2017?\nAnswer: 323670.0\nQuestion: wha about the total number of shares purchased during the fourth quarter of 2017?\n" }, { "role": "agent", "content": "9555180.0" } ]
CONVFINQA2265	[ { "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\ndepending upon our senior unsecured debt ratings . the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio . at december 31 , 2006 , we were in compliance with these covenants . the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral . in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 . neither of these lines of credit were used as of december 31 , 2006 . we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines . dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above . the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively . we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 . shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings . at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement . we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time . 6 . leases we lease certain locomotives , freight cars , and other property . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capital leases</td></tr><tr><td>2</td><td>2007</td><td>$ 624</td><td>$ 180</td></tr><tr><td>3</td><td>2008</td><td>546</td><td>173</td></tr><tr><td>4</td><td>2009</td><td>498</td><td>168</td></tr><tr><td>5</td><td>2010</td><td>456</td><td>148</td></tr><tr><td>6</td><td>2011</td><td>419</td><td>157</td></tr><tr><td>7</td><td>later years</td><td>2914</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5457</td><td>$ 1916</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-680 ( 680 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1236</td></tr></table> rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .\nQuestion: what is the sum of total minimum lease payments for operating and capital leases?\n" }, { "role": "agent", "content": "7373.0" } ]
CONVFINQA5345	[ { "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\n31mar201122064257 positions which were required to be capitalized . there are no positions which we anticipate could change materially within the next twelve months . liquidity and capital resources . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>fiscal years ended october 1 2010</td><td>fiscal years ended october 2 2009</td><td>fiscal years ended october 3 2008</td></tr><tr><td>2</td><td>cash and cash equivalents at beginning of period</td><td>$ 364221</td><td>$ 225104</td><td>$ 241577</td></tr><tr><td>3</td><td>net cash provided by operating activities</td><td>222962</td><td>218805</td><td>182673</td></tr><tr><td>4</td><td>net cash used in investing activities</td><td>-95329 ( 95329 )</td><td>-49528 ( 49528 )</td><td>-94959 ( 94959 )</td></tr><tr><td>5</td><td>net cash used in financing activities</td><td>-38597 ( 38597 )</td><td>-30160 ( 30160 )</td><td>-104187 ( 104187 )</td></tr><tr><td>6</td><td>cash and cash equivalents at end of period ( 1 )</td><td>$ 453257</td><td>$ 364221</td><td>$ 225104</td></tr></table> ( 1 ) does not include restricted cash balances cash flow from operating activities : cash provided from operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . for fiscal year 2010 we generated $ 223.0 million in cash flow from operations , an increase of $ 4.2 million when compared to the $ 218.8 million generated in fiscal year 2009 . during fiscal year 2010 , net income increased by $ 42.3 million to $ 137.3 million when compared to fiscal year 2009 . despite the increase in net income , net cash provided by operating activities remained relatively consistent . this was primarily due to : 2022 fiscal year 2010 net income included a deferred tax expense of $ 38.5 million compared to a $ 24.9 million deferred tax benefit included in 2009 net income due to the release of the tax valuation allowance in fiscal year 2009 . 2022 during fiscal year 2010 , the company invested in working capital as result of higher business activity . compared to fiscal year 2009 , accounts receivable , inventory and accounts payable increased by $ 60.9 million , $ 38.8 million and $ 42.9 million , respectively . cash flow from investing activities : cash flow from investing activities consists primarily of capital expenditures and acquisitions . we had net cash outflows of $ 95.3 million in fiscal year 2010 , compared to $ 49.5 million in fiscal year 2009 . the increase is primarily due to an increase of $ 49.8 million in capital expenditures . we anticipate our capital spending to be consistent in fiscal year 2011 to maintain our projected growth rate . cash flow from financing activities : cash flows from financing activities consist primarily of cash transactions related to debt and equity . during fiscal year 2010 , we had net cash outflows of $ 38.6 million , compared to $ 30.2 million in fiscal year 2009 . during the year we had the following significant transactions : 2022 we retired $ 53.0 million in aggregate principal amount ( carrying value of $ 51.1 million ) of 2007 convertible notes for $ 80.7 million , which included a $ 29.6 million premium paid for the equity component of the instrument . 2022 we received net proceeds from employee stock option exercises of $ 40.5 million in fiscal year 2010 , compared to $ 38.7 million in fiscal year 2009 . skyworks / 2010 annual report 103 .\nQuestion: what was the difference in cash and cash equivalents between 10/2/09 and 10/1/10?\n" }, { "role": "agent", "content": "139117.0" } ]
CONVFINQA9059	[ { "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\ncritical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s . ( gaap ) , are determined using best estimates and assumptions . while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented . we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill . we believe our accounting policies for these items are of critical importance to our consolidated financial statements . the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items . unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers . the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) . loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) . at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion . with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money . in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount . the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>2009 net losses</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>net losses</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td><td>$ 37112</td><td>$ 13520</td><td>$ 23592</td></tr><tr><td>3</td><td>losses and loss expenses incurred</td><td>11141</td><td>3719</td><td>7422</td><td>10944</td><td>3341</td><td>7603</td></tr><tr><td>4</td><td>losses and loss expenses paid</td><td>-11093 ( 11093 )</td><td>-4145 ( 4145 )</td><td>-6948 ( 6948 )</td><td>-9899 ( 9899 )</td><td>-3572 ( 3572 )</td><td>-6327 ( 6327 )</td></tr><tr><td>5</td><td>other ( including foreign exchange revaluation )</td><td>559</td><td>236</td><td>323</td><td>-1367 ( 1367 )</td><td>-387 ( 387 )</td><td>-980 ( 980 )</td></tr><tr><td>6</td><td>losses and loss expenses acquired</td><td>2013</td><td>2013</td><td>2013</td><td>386</td><td>33</td><td>353</td></tr><tr><td>7</td><td>balance end of year</td><td>$ 37783</td><td>$ 12745</td><td>$ 25038</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td></tr></table> ( 1 ) net of provision for uncollectible reinsurance .\nQuestion: what was the change in gross unpaid losses from 2008 to 2009?\nAnswer: 607.0\nQuestion: and what is this change as a percentage of those losses in 2008?\nAnswer: 0.01633\nQuestion: in that same period, what was the change in the net unpaid losses?\n" }, { "role": "agent", "content": "797.0" } ]
CONVFINQA4702	[ { "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( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) . additionally , operating profits in 2012 include costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items . industrial packaging . <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>$ 13280</td><td>$ 10430</td><td>$ 9840</td></tr><tr><td>3</td><td>operating profit</td><td>1066</td><td>1147</td><td>826</td></tr></table> north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 . operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 . sales volumes for the legacy business were about flat in 2012 compared with 2011 . average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year . input costs were lower for recycled fiber , wood and natural gas , but higher for starch . freight costs also increased . plan- ned maintenance downtime costs were higher than in 2011 . operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies . market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland . looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days . average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 . input costs are expected to be higher for recycled fiber , wood and starch . planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter . manufacturing operating costs are expected to be lower . european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 . operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 . sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe . demand for pack- aging in the agricultural markets was about flat year- over-year . average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs . other input costs were higher , primarily for energy and distribution . operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant . entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets . average sales margins are expected to improve due to lower input costs for containerboard . other input costs should be about flat . operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs . net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 . operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 . operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs . looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality . net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 . operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. .\nQuestion: what is the north american industrial packaging net sales in 2012, in millions?\nAnswer: 11600.0\nQuestion: what about the total sales?\nAnswer: 13280.0\nQuestion: what portion does this represent?\nAnswer: 0.87349\nQuestion: what about the north american industrial packaging net sales in 2011, in millions?\n" }, { "role": "agent", "content": "8600.0" } ]
CONVFINQA6525	[ { "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\nmarathon oil corporation notes to consolidated financial statements stock appreciation rights 2013 prior to 2005 , we granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , we granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , we discontinued granting stock-based performance awards and instead now grant cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 we grant restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . we also grant restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment , however , certain restricted stock awards granted in 2008 will vest over a four-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by our transfer agent . common stock units 2013 we maintain an equity compensation program for our non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . total stock-based compensation expense total employee stock-based compensation expense was $ 43 million , $ 66 million and $ 78 million in 2008 , 2007 and 2006 . the total related income tax benefits were $ 16 million , $ 24 million and $ 29 million . in 2008 and 2007 , cash received upon exercise of stock option awards was $ 9 million and $ 27 million . tax benefits realized for deductions during 2008 and 2007 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 7 million and $ 30 million . cash settlements of stock option awards totaled $ 1 million in 2007 . there were no cash settlements in 2008 . stock option awards during 2008 , 2007 and 2006 , we granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: . <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 exercise price per share</td><td>$ 51.74</td><td>$ 60.94</td><td>$ 37.84</td></tr><tr><td>3</td><td>expected annual dividends per share</td><td>$ 0.96</td><td>$ 0.96</td><td>$ 0.80</td></tr><tr><td>4</td><td>expected life in years</td><td>4.8</td><td>5.0</td><td>5.1</td></tr><tr><td>5</td><td>expected volatility</td><td>30% ( 30 % )</td><td>27% ( 27 % )</td><td>28% ( 28 % )</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>3.1% ( 3.1 % )</td><td>4.1% ( 4.1 % )</td><td>5.0% ( 5.0 % )</td></tr><tr><td>7</td><td>weighted average grant date fair value of stock option awards granted</td><td>$ 13.03</td><td>$ 17.24</td><td>$ 10.19</td></tr></table> .\nQuestion: what is the weighted average exercise price per share\tin 2008?\nAnswer: 51.74\nQuestion: what about in 2006?\nAnswer: 37.84\nQuestion: what is the net change?\nAnswer: 13.9\nQuestion: what growth rate does this represent?\n" }, { "role": "agent", "content": "0.36734" } ]
CONVFINQA6734	[ { "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 ( 4 ) the decline in cash flows was driven by the timing of inventory purchases at the end of 2014 versus 2013 . in order to manage our working capital and operating cash needs , we monitor our cash conversion cycle , defined as days of sales outstanding in accounts receivable plus days of supply in inventory minus days of purchases outstanding in accounts payable , based on a rolling three-month average . components of our cash conversion cycle are as follows: . <table class='wikitable'><tr><td>1</td><td>( in days )</td><td>december 31 , 2015</td><td>december 31 , 2014</td><td>december 31 , 2013</td></tr><tr><td>2</td><td>days of sales outstanding ( dso ) ( 1 )</td><td>48</td><td>42</td><td>44</td></tr><tr><td>3</td><td>days of supply in inventory ( dio ) ( 2 )</td><td>13</td><td>13</td><td>14</td></tr><tr><td>4</td><td>days of purchases outstanding ( dpo ) ( 3 )</td><td>-40 ( 40 )</td><td>-34 ( 34 )</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>cash conversion cycle</td><td>21</td><td>21</td><td>23</td></tr></table> ( 1 ) represents the rolling three-month average of the balance of trade accounts receivable , net at the end of the period divided by average daily net sales for the same three-month period . also incorporates components of other miscellaneous receivables . ( 2 ) represents the rolling three-month average of the balance of merchandise inventory at the end of the period divided by average daily cost of goods sold for the same three-month period . ( 3 ) represents the rolling three-month average of the combined balance of accounts payable-trade , excluding cash overdrafts , and accounts payable-inventory financing at the end of the period divided by average daily cost of goods sold for the same three-month period . the cash conversion cycle remained at 21 days at december 31 , 2015 and december 31 , 2014 . the increase in dso was primarily driven by a higher accounts receivable balance at december 31 , 2015 driven by higher public segment sales where customers generally take longer to pay than customers in our corporate segment , slower government payments in certain states due to budget issues and an increase in net sales and related accounts receivable for third-party services such as software assurance and warranties . these services have an unfavorable impact on dso as the receivable is recognized on the balance sheet on a gross basis while the corresponding sales amount in the statement of operations is recorded on a net basis . these services have a favorable impact on dpo as the payable is recognized on the balance sheet without a corresponding cost of sale in the statement of operations because the cost paid to the vendor or third-party service provider is recorded as a reduction to net sales . in addition to the impact of these services on dpo , dpo also increased due to the mix of payables with certain vendors that have longer payment terms . the cash conversion cycle decreased to 21 days at december 31 , 2014 compared to 23 days at december 31 , 2013 , primarily driven by improvement in dso . the decline in dso was primarily driven by improved collections and early payments from certain customers . additionally , the timing of inventory receipts at the end of 2014 had a favorable impact on dio and an unfavorable impact on dpo . investing activities net cash used in investing activities increased $ 189.6 million in 2015 compared to 2014 . the increase was primarily due to the completion of the acquisition of kelway by purchasing the remaining 65% ( 65 % ) of its outstanding common stock on august 1 , 2015 . additionally , capital expenditures increased $ 35.1 million to $ 90.1 million from $ 55.0 million for 2015 and 2014 , respectively , primarily for our new office location and an increase in spending related to improvements to our information technology systems . net cash used in investing activities increased $ 117.7 million in 2014 compared to 2013 . we paid $ 86.8 million in the fourth quarter of 2014 to acquire a 35% ( 35 % ) non-controlling interest in kelway . additionally , capital expenditures increased $ 7.9 million to $ 55.0 million from $ 47.1 million in 2014 and 2013 , respectively , primarily for improvements to our information technology systems during both years . financing activities net cash used in financing activities increased $ 114.5 million in 2015 compared to 2014 . the increase was primarily driven by share repurchases during the year ended december 31 , 2015 which resulted in an increase in cash used for financing activities of $ 241.3 million . for more information on our share repurchase program , see item 5 , 201cmarket for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . 201d the increase was partially offset by the changes in accounts payable-inventory financing , which resulted in an increase in cash provided for financing activities of $ 20.4 million , and the net impact of our debt transactions which resulted in cash outflows of $ 7.1 million and $ 145.9 million during the years .\nQuestion: what was the change in the length of the cash conversion cycle from 2013 to 2014?\n" }, { "role": "agent", "content": "2.0" } ]
CONVFINQA524	[ { "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?\n" }, { "role": "agent", "content": "482.0" } ]
CONVFINQA7406	[ { "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?\nAnswer: 728.0\nQuestion: and what was that total in the beginning of that year?\nAnswer: 627.0\nQuestion: what was, then, the change throughout the year?\nAnswer: 101.0\nQuestion: what was the total of undeveloped reserves in the end of 2014?\n" }, { "role": "agent", "content": "728.0" } ]
CONVFINQA147	[ { "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\npurchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period ( a )</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs ( b )</td><td>amount available for future share repurchases under the plans or programs ( b ) ( in millions )</td></tr><tr><td>2</td><td>september 29 2014 2013 october 26 2014</td><td>399259</td><td>$ 176.96</td><td>397911</td><td>$ 3825</td></tr><tr><td>3</td><td>october 27 2014 2013 november 30 2014</td><td>504300</td><td>$ 187.74</td><td>456904</td><td>$ 3739</td></tr><tr><td>4</td><td>december 1 2014 2013 december 31 2014</td><td>365683</td><td>$ 190.81</td><td>357413</td><td>$ 3671</td></tr><tr><td>5</td><td>total</td><td>1269242 ( c )</td><td>$ 185.23</td><td>1212228</td><td>$ 3671</td></tr></table> total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .\nQuestion: what was the average price of the purchased shares in november 2014?\nAnswer: 187.74\nQuestion: and what was it in october 2014?\nAnswer: 176.96\nQuestion: what was, then, the change over the month?\nAnswer: 10.78\nQuestion: and how much does this change represent in relation to that average price in october?\n" }, { "role": "agent", "content": "0.06092" } ]
CONVFINQA4896	[ { "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\nwestrock company notes to consolidated financial statements fffd ( continued ) at september 30 , 2018 and september 30 , 2017 , gross net operating losses for foreign reporting purposes of approximately $ 698.4 million and $ 673.7 million , respectively , were available for carryforward . a majority of these loss carryforwards generally expire between fiscal 2020 and 2038 , while a portion have an indefinite carryforward . the tax effected values of these net operating losses are $ 185.8 million and $ 182.6 million at september 30 , 2018 and 2017 , respectively , exclusive of valuation allowances of $ 161.5 million and $ 149.6 million at september 30 , 2018 and 2017 , respectively . at september 30 , 2018 and 2017 , we had state tax credit carryforwards of $ 64.8 million and $ 54.4 million , respectively . these state tax credit carryforwards generally expire within 5 to 10 years ; however , certain state credits can be carried forward indefinitely . valuation allowances of $ 56.1 million and $ 47.3 million at september 30 , 2018 and 2017 , respectively , have been provided on these assets . these valuation allowances have been recorded due to uncertainty regarding our ability to generate sufficient taxable income in the appropriate taxing jurisdiction . the following table represents a summary of the valuation allowances against deferred tax assets for fiscal 2018 , 2017 and 2016 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>balance at beginning of fiscal year</td><td>$ 219.1</td><td>$ 177.2</td><td>$ 100.2</td></tr><tr><td>3</td><td>increases</td><td>50.8</td><td>54.3</td><td>24.8</td></tr><tr><td>4</td><td>allowances related to purchase accounting ( 1 )</td><td>0.1</td><td>12.4</td><td>63.0</td></tr><tr><td>5</td><td>reductions</td><td>-40.6 ( 40.6 )</td><td>-24.8 ( 24.8 )</td><td>-10.8 ( 10.8 )</td></tr><tr><td>6</td><td>balance at end of fiscal year</td><td>$ 229.4</td><td>$ 219.1</td><td>$ 177.2</td></tr></table> ( 1 ) amounts in fiscal 2018 and 2017 relate to the mps acquisition . adjustments in fiscal 2016 relate to the combination and the sp fiber acquisition . consistent with prior years , we consider a portion of our earnings from certain foreign subsidiaries as subject to repatriation and we provide for taxes accordingly . however , we consider the unremitted earnings and all other outside basis differences from all other foreign subsidiaries to be indefinitely reinvested . accordingly , we have not provided for any taxes that would be due . as of september 30 , 2018 , we estimate our outside basis difference in foreign subsidiaries that are considered indefinitely reinvested to be approximately $ 1.5 billion . the components of the outside basis difference are comprised of purchase accounting adjustments , undistributed earnings , and equity components . except for the portion of our earnings from certain foreign subsidiaries where we provided for taxes , we have not provided for any taxes that would be due upon the reversal of the outside basis differences . however , in the event of a distribution in the form of dividends or dispositions of the subsidiaries , we may be subject to incremental u.s . income taxes , subject to an adjustment for foreign tax credits , and withholding taxes or income taxes payable to the foreign jurisdictions . as of september 30 , 2018 , the determination of the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis differences is not practicable. .\nQuestion: what was the change in the valuation allowances against deferred tax assets throughout 2018?\n" }, { "role": "agent", "content": "10.3" } ]
CONVFINQA7184	[ { "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\nadobe systems incorporated notes to consolidated financial statements ( continued ) note 15 . commitments and contingencies lease commitments we lease certain of our facilities and some of our equipment under non-cancellable operating lease arrangements that expire at various dates through 2028 . we also have one land lease that expires in 2091 . rent expense includes base contractual rent and variable costs such as building expenses , utilities , taxes , insurance and equipment rental . rent expense and sublease income for these leases for fiscal 2014 , 2013 and 2012 were as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>rent expense</td><td>$ 111149</td><td>$ 118976</td><td>$ 105809</td></tr><tr><td>3</td><td>less : sublease income</td><td>1412</td><td>3057</td><td>2330</td></tr><tr><td>4</td><td>net rent expense</td><td>$ 109737</td><td>$ 115919</td><td>$ 103479</td></tr></table> we occupy three office buildings in san jose , california where our corporate headquarters are located . we reference these office buildings as the almaden tower and the east and west towers . in august 2014 , we exercised our option to purchase the east and west towers for a total purchase price of $ 143.2 million . upon purchase , our investment in the lease receivable of $ 126.8 million was credited against the total purchase price and we were no longer required to maintain a standby letter of credit as stipulated in the east and west towers lease agreement . we capitalized the east and west towers as property and equipment on our consolidated balance sheets at $ 144.1 million , the lesser of cost or fair value , which represented the total purchase price plus other direct costs associated with the purchase . see note 6 for discussion of our east and west towers purchase . the lease agreement for the almaden tower is effective through march 2017 . we are the investors in the lease receivable related to the almaden tower lease in the amount of $ 80.4 million , which is recorded as investment in lease receivable on our consolidated balance sheets . as of november 28 , 2014 , the carrying value of the lease receivable related to the almaden tower approximated fair value . under the agreement for the almaden tower , we have the option to purchase the building at any time during the lease term for $ 103.6 million . if we purchase the building , the investment in the lease receivable may be credited against the purchase price . the residual value guarantee under the almaden tower obligation is $ 89.4 million . the almaden tower lease is subject to standard covenants including certain financial ratios that are reported to the lessor quarterly . as of november 28 , 2014 , we were in compliance with all of the covenants . in the case of a default , the lessor may demand we purchase the building for an amount equal to the lease balance , or require that we remarket or relinquish the building . if we choose to remarket or are required to do so upon relinquishing the building , we are bound to arrange the sale of the building to an unrelated party and will be required to pay the lessor any shortfall between the net remarketing proceeds and the lease balance , up to the residual value guarantee amount less our investment in lease receivable . the almaden tower lease qualifies for operating lease accounting treatment and , as such , the building and the related obligation are not included in our consolidated balance sheets . see note 16 for discussion of our capital lease obligation . unconditional purchase obligations our purchase obligations consist of agreements to purchase goods and services entered into in the ordinary course of business. .\nQuestion: what was the net rent expense in 2014?\nAnswer: 109737.0\nQuestion: and what was it in 2013?\n" }, { "role": "agent", "content": "115919.0" } ]
CONVFINQA1129	[ { "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 i item 1 . business . general development of business general : altria group , inc . is a holding company incorporated in the commonwealth of virginia in 1985 . at december 31 , 2014 , altria group , inc . 2019s wholly-owned subsidiaries included philip morris usa inc . ( 201cpm usa 201d ) , which is engaged predominantly in the manufacture and sale of cigarettes in the united states ; john middleton co . ( 201cmiddleton 201d ) , which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco , and is a wholly- owned subsidiary of pm usa ; and ust llc ( 201cust 201d ) , which through its wholly-owned subsidiaries , including u.s . smokeless tobacco company llc ( 201cusstc 201d ) and ste . michelle wine estates ltd . ( 201cste . michelle 201d ) , is engaged in the manufacture and sale of smokeless tobacco products and wine . altria group , inc . 2019s other operating companies included nu mark llc ( 201cnu mark 201d ) , a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products , and philip morris capital corporation ( 201cpmcc 201d ) , a wholly-owned subsidiary that maintains a portfolio of finance assets , substantially all of which are leveraged leases . other altria group , inc . wholly-owned subsidiaries included altria group distribution company , which provides sales , distribution and consumer engagement services to certain altria group , inc . operating subsidiaries , and altria client services inc. , which provides various support services , such as legal , regulatory , finance , human resources and external affairs , to altria group , inc . and its subsidiaries . at december 31 , 2014 , altria group , inc . also held approximately 27% ( 27 % ) of the economic and voting interest of sabmiller plc ( 201csabmiller 201d ) , which altria group , inc . accounts for under the equity method of accounting . source of funds : because altria group , inc . is a holding company , its access to the operating cash flows of its wholly- owned subsidiaries consists of cash received from the payment of dividends and distributions , and the payment of interest on intercompany loans by its subsidiaries . at december 31 , 2014 , altria group , inc . 2019s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests . in addition , altria group , inc . receives cash dividends on its interest in sabmiller if and when sabmiller pays such dividends . financial information about segments altria group , inc . 2019s reportable segments are smokeable products , smokeless products and wine . the financial services and the innovative tobacco products businesses are included in an all other category due to the continued reduction of the lease portfolio of pmcc and the relative financial contribution of altria group , inc . 2019s innovative tobacco products businesses to altria group , inc . 2019s consolidated results . altria group , inc . 2019s chief operating decision maker reviews operating companies income to evaluate the performance of , and allocate resources to , the segments . operating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses . interest and other debt expense , net , and provision for income taxes are centrally managed at the corporate level and , accordingly , such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by altria group , inc . 2019s chief operating decision maker . net revenues and operating companies income ( together with a reconciliation to earnings before income taxes ) attributable to each such segment for each of the last three years are set forth in note 15 . segment reporting to the consolidated financial statements in item 8 . financial statements and supplementary data of this annual report on form 10-k ( 201citem 8 201d ) . information about total assets by segment is not disclosed because such information is not reported to or used by altria group , inc . 2019s chief operating decision maker . segment goodwill and other intangible assets , net , are disclosed in note 4 . goodwill and other intangible assets , net to the consolidated financial statements in item 8 ( 201cnote 4 201d ) . the accounting policies of the segments are the same as those described in note 2 . summary of significant accounting policies to the consolidated financial statements in item 8 ( 201cnote 2 201d ) . the relative percentages of operating companies income ( loss ) attributable to each reportable segment and the all other category were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>smokeable products</td><td>87.2% ( 87.2 % )</td><td>84.5% ( 84.5 % )</td><td>83.7% ( 83.7 % )</td></tr><tr><td>3</td><td>smokeless products</td><td>13.4</td><td>12.2</td><td>12.5</td></tr><tr><td>4</td><td>wine</td><td>1.7</td><td>1.4</td><td>1.4</td></tr><tr><td>5</td><td>all other</td><td>-2.3 ( 2.3 )</td><td>1.9</td><td>2.4</td></tr><tr><td>6</td><td>total</td><td>100.0% ( 100.0 % )</td><td>100.0% ( 100.0 % )</td><td>100.0% ( 100.0 % )</td></tr></table> for items affecting the comparability of the relative percentages of operating companies income ( loss ) attributable to each reportable segment , see note 15 . segment reporting to the consolidated financial statements in item 8 ( 201cnote 15 201d ) . narrative description of business portions of the information called for by this item are included in item 7 . management 2019s discussion and analysis of financial condition and results of operations - operating results by business segment of this annual report on form 10-k . tobacco space altria group , inc . 2019s tobacco operating companies include pm usa , usstc and other subsidiaries of ust , middleton and nu mark . altria group distribution company provides sales , distribution and consumer engagement services to altria group , inc . 2019s tobacco operating companies . the products of altria group , inc . 2019s tobacco subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by pm usa and machine-made large altria_mdc_2014form10k_nolinks_crops.pdf 3 2/25/15 5:56 pm .\nQuestion: what was operating income related to smokeless products in 2014?\nAnswer: 13.4\nQuestion: what was the value in 2013?\nAnswer: 12.2\nQuestion: what is the net change in value?\nAnswer: 1.2\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.09836" } ]
CONVFINQA8158	[ { "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\nstock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2009 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>102</td><td>119</td><td>142</td><td>190</td><td>235</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>115</td><td>117</td><td>136</td><td>180</td><td>205</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>97</td><td>97</td><td>113</td><td>144</td><td>182</td></tr></table> s&p 500 healthcare equipment & supply index 100 97 97 113 144 182 .\nQuestion: what was the difference in the share price of teleflex incorporated between 2009 and 2010?\nAnswer: 2.0\nQuestion: and the price as of 2009?\n" }, { "role": "agent", "content": "100.0" } ]
CONVFINQA1451	[ { "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 include here by reference additional information relating to pnc common stock under the common stock prices/ dividends declared section in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2015 in the table ( with introductory paragraph and notes ) that appears under the caption 201capproval of 2016 incentive award plan 2013 item 3 201d in our proxy statement to be filed for the 2016 annual meeting of shareholders and is incorporated by reference herein and in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 registered shareholders may contact the above phone number regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2015 are included in the following table : in thousands , except per share data 2015 period total shares purchased ( a ) average paid per total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2015 period</td><td>total sharespurchased ( a )</td><td>averagepricepaid pershare</td><td>total sharespurchased aspartofpubliclyannouncedprograms ( b )</td><td>maximumnumberofshares thatmay yet bepurchasedunder theprograms ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>2528</td><td>$ 89.24</td><td>2506</td><td>85413</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1923</td><td>$ 94.06</td><td>1923</td><td>83490</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>1379</td><td>$ 95.20</td><td>1379</td><td>82111</td></tr><tr><td>5</td><td>total</td><td>5830</td><td>$ 92.24</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 12 employee benefit plans and note 13 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors had approved the establishment of a new stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . our 2015 capital plan , submitted as part of the ccar process and accepted by the federal reserve , included share repurchase programs of up to $ 2.875 billion for the five quarter period beginning with the second quarter of 2015 . this amount does not include share repurchases in connection with various employee benefit plans referenced in note ( a ) . in the fourth quarter of 2015 , in accordance with pnc 2019s 2015 capital plan and under the share repurchase authorization in effect during that period , we repurchased 5.8 million shares of common stock on the open market , with an average price of $ 92.26 per share and an aggregate repurchase price of $ .5 billion . 30 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what is the total shares purchased as part of publicly announced programs during october 2013?\nAnswer: 2506.0\nQuestion: what about during november 2013?\nAnswer: 1923.0\nQuestion: what is the total for two months?\n" }, { "role": "agent", "content": "4429.0" } ]
CONVFINQA10535	[ { "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 goldman sachs group , inc . and subsidiaries notes to consolidated financial statements lending commitments the firm 2019s lending commitments are agreements to lend with fixed termination dates and depend on the satisfaction of all contractual conditions to borrowing . these commitments are presented net of amounts syndicated to third parties . the total commitment amount does not necessarily reflect actual future cash flows because the firm may syndicate all or substantial additional portions of these commitments . in addition , commitments can expire unused or be reduced or cancelled at the counterparty 2019s request . the table below presents information about lending commitments. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2018</td><td>as of december 2017</td></tr><tr><td>2</td><td>held for investment</td><td>$ 120997</td><td>$ 124504</td></tr><tr><td>3</td><td>held for sale</td><td>8602</td><td>9838</td></tr><tr><td>4</td><td>at fair value</td><td>7983</td><td>9404</td></tr><tr><td>5</td><td>total</td><td>$ 137582</td><td>$ 143746</td></tr></table> in the table above : 2030 held for investment lending commitments are accounted for on an accrual basis . see note 9 for further information about such commitments . 2030 held for sale lending commitments are accounted for at the lower of cost or fair value . 2030 gains or losses related to lending commitments at fair value , if any , are generally recorded , net of any fees in other principal transactions . 2030 substantially all lending commitments relates to the firm 2019s investing & lending segment . commercial lending . the firm 2019s commercial lending commitments were primarily extended to investment-grade corporate borrowers . such commitments included $ 93.99 billion as of december 2018 and $ 85.98 billion as of december 2017 , related to relationship lending activities ( principally used for operating and general corporate purposes ) and $ 27.92 billion as of december 2018 and $ 42.41 billion as of december 2017 , related to other investment banking activities ( generally extended for contingent acquisition financing and are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources ) . the firm also extends lending commitments in connection with other types of corporate lending , as well as commercial real estate financing . see note 9 for further information about funded loans . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 15.52 billion as of december 2018 and $ 25.70 billion as of december 2017 . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.0 billion , of which $ 550 million of protection had been provided as of both december 2018 and december 2017 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting collateralized agreements / forward starting collateralized financings forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments included $ 2.42 billion as of december 2018 and $ 2.09 billion as of december 2017 , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . goldman sachs 2018 form 10-k 159 .\nQuestion: what is the commercial lending commitments in 2018?\nAnswer: 93.99\nQuestion: what about in 2017?\nAnswer: 85.98\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "8.01" } ]
CONVFINQA4720	[ { "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\nour refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation . the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as a proxy for the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil . the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude . in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin . in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand . sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 . the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years . ( dollars per barrel ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( dollars per barrel )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>chicago lls 6-3-2-1</td><td>$ 3.52</td><td>$ 3.27</td><td>$ 8.87</td></tr><tr><td>3</td><td>u.s . gulf coast lls 6-3-2-1</td><td>$ 2.54</td><td>$ 2.45</td><td>$ 6.42</td></tr><tr><td>4</td><td>sweet/sour differential ( a )</td><td>$ 5.82</td><td>$ 11.99</td><td>$ 11.59</td></tr></table> sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars . in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation . manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs . planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 . we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st . paul park refineries in 2007 . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline . in 2009 refined product demand continued to decline . for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels . market demand declines for gasoline and distillates generally reduce the product margin we can realize . we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels . the gross margin on merchandise sold at retail outlets has been historically less volatile. .\nQuestion: what was the average crack spread for sweet/sour differential in 2009?\n" }, { "role": "agent", "content": "5.82" } ]
CONVFINQA6433	[ { "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\npackaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 . stock-based compensation ( continued ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards . the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years . 5 . accrued liabilities the components of accrued liabilities are as follows: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>december 31 , 2006</td><td>december 31 , 2005</td></tr><tr><td>2</td><td>bonuses and incentives</td><td>$ 29822</td><td>$ 21895</td></tr><tr><td>3</td><td>medical insurance and workers 2019 compensation</td><td>18279</td><td>18339</td></tr><tr><td>4</td><td>vacation and holiday pay</td><td>14742</td><td>14159</td></tr><tr><td>5</td><td>customer volume discounts and rebates</td><td>13777</td><td>13232</td></tr><tr><td>6</td><td>franchise and property taxes</td><td>8432</td><td>8539</td></tr><tr><td>7</td><td>payroll and payroll taxes</td><td>5465</td><td>4772</td></tr><tr><td>8</td><td>other</td><td>9913</td><td>5889</td></tr><tr><td>9</td><td>total</td><td>$ 100430</td><td>$ 86825</td></tr></table> 6 . employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee . effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 . the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan . benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 . all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan . effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement . the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay . the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan . benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 . all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan . pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees . benefits are determined using the same formula as the pca pension plan but in addition to counting .\nQuestion: what was the value of payroll and payroll taxes from 2006?\nAnswer: 5465.0\nQuestion: what was the value from 2005?\n" }, { "role": "agent", "content": "4772.0" } ]
CONVFINQA5757	[ { "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./2012 annual report 119 implementing further revisions to the capital accord in the u.s . ( such further revisions are commonly referred to as 201cbasel iii 201d ) . basel iii revised basel ii by , among other things , narrowing the definition of capital , and increasing capital requirements for specific exposures . basel iii also includes higher capital ratio requirements and provides that the tier 1 common capital requirement will be increased to 7% ( 7 % ) , comprised of a minimum ratio of 4.5% ( 4.5 % ) plus a 2.5% ( 2.5 % ) capital conservation buffer . implementation of the 7% ( 7 % ) tier 1 common capital requirement is required by january 1 , in addition , global systemically important banks ( 201cgsibs 201d ) will be required to maintain tier 1 common requirements above the 7% ( 7 % ) minimum in amounts ranging from an additional 1% ( 1 % ) to an additional 2.5% ( 2.5 % ) . in november 2012 , the financial stability board ( 201cfsb 201d ) indicated that it would require the firm , as well as three other banks , to hold the additional 2.5% ( 2.5 % ) of tier 1 common ; the requirement will be phased in beginning in 2016 . the basel committee also stated it intended to require certain gsibs to hold an additional 1% ( 1 % ) of tier 1 common under certain circumstances , to act as a disincentive for the gsib from taking actions that would further increase its systemic importance . currently , no gsib ( including the firm ) is required to hold this additional 1% ( 1 % ) of tier 1 common . in addition , pursuant to the requirements of the dodd-frank act , u.s . federal banking agencies have proposed certain permanent basel i floors under basel ii and basel iii capital calculations . the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under basel iii rules , along with the firm 2019s estimated risk-weighted assets . tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of aoci related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans . the firm estimates that its tier 1 common ratio under basel iii rules would be 8.7% ( 8.7 % ) as of december 31 , 2012 . the tier 1 common ratio under both basel i and basel iii are non- gaap financial measures . however , such measures are used by bank regulators , investors and analysts as a key measure to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies . december 31 , 2012 ( in millions , except ratios ) . <table class='wikitable'><tr><td>1</td><td>tier 1 common under basel i rules</td><td>$ 140342</td></tr><tr><td>2</td><td>adjustments related to aoci for afs securities and defined benefit pension and opeb plans</td><td>4077</td></tr><tr><td>3</td><td>all other adjustments</td><td>-453 ( 453 )</td></tr><tr><td>4</td><td>estimated tier 1 common under basel iii rules</td><td>$ 143966</td></tr><tr><td>5</td><td>estimated risk-weighted assets under basel iii rules ( a )</td><td>$ 1647903</td></tr><tr><td>6</td><td>estimated tier 1 common ratio under basel iii rules ( b )</td><td>8.7% ( 8.7 % )</td></tr></table> estimated risk-weighted assets under basel iii rules ( a ) $ 1647903 estimated tier 1 common ratio under basel iii rules ( b ) 8.7% ( 8.7 % ) ( a ) key differences in the calculation of risk-weighted assets between basel i and basel iii include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk weightings which vary only by counterparty type and asset class ; ( 2 ) basel iii market risk rwa reflects the new capital requirements related to trading assets and securitizations , which include incremental capital requirements for stress var , correlation trading , and re-securitization positions ; and ( 3 ) basel iii includes rwa for operational risk , whereas basel i does not . the actual impact on the firm 2019s capital ratios upon implementation could differ depending on final implementation guidance from the regulators , as well as regulatory approval of certain of the firm 2019s internal risk models . ( b ) the tier 1 common ratio is tier 1 common divided by rwa . the firm 2019s estimate of its tier 1 common ratio under basel iii reflects its current understanding of the basel iii rules based on information currently published by the basel committee and u.s . federal banking agencies and on the application of such rules to its businesses as currently conducted ; it excludes the impact of any changes the firm may make in the future to its businesses as a result of implementing the basel iii rules , possible enhancements to certain market risk models , and any further implementation guidance from the regulators . the basel iii capital requirements are subject to prolonged transition periods . the transition period for banks to meet the tier 1 common requirement under basel iii was originally scheduled to begin in 2013 , with full implementation on january 1 , 2019 . in november 2012 , the u.s . federal banking agencies announced a delay in the implementation dates for the basel iii capital requirements . the additional capital requirements for gsibs will be phased in starting january 1 , 2016 , with full implementation on january 1 , 2019 . management 2019s current objective is for the firm to reach , by the end of 2013 , an estimated basel iii tier i common ratio of 9.5% ( 9.5 % ) . additional information regarding the firm 2019s capital ratios and the federal regulatory capital standards to which it is subject is presented in supervision and regulation on pages 1 20138 of the 2012 form 10-k , and note 28 on pages 306 2013 308 of this annual report . broker-dealer regulatory capital jpmorgan chase 2019s principal u.s . broker-dealer subsidiaries are j.p . morgan securities llc ( 201cjpmorgan securities 201d ) and j.p . morgan clearing corp . ( 201cjpmorgan clearing 201d ) . jpmorgan clearing is a subsidiary of jpmorgan securities and provides clearing and settlement services . jpmorgan securities and jpmorgan clearing are each subject to rule 15c3-1 under the securities exchange act of 1934 ( the 201cnet capital rule 201d ) . jpmorgan securities and jpmorgan clearing are also each registered as futures commission merchants and subject to rule 1.17 of the commodity futures trading commission ( 201ccftc 201d ) . jpmorgan securities and jpmorgan clearing have elected to compute their minimum net capital requirements in accordance with the 201calternative net capital requirements 201d of the net capital rule . at december 31 , 2012 , jpmorgan securities 2019 net capital , as defined by the net capital rule , was $ 13.5 billion , exceeding the minimum requirement by .\nQuestion: how much would be 9,5% of the estimated risk-weighted assets under basel iii rules ( a )?\nAnswer: 156550.785\nQuestion: and what is the total of estimated tier 1 common under basel iii rules?\n" }, { "role": "agent", "content": "143966.0" } ]
CONVFINQA5821	[ { "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 has a restricted stock plan for non-employee directors which reserves for issuance of 300000 shares of the company 2019s common stock . no restricted shares were issued in 2009 . the company has a directors 2019 deferral plan , which provides a means to defer director compensation , from time to time , on a deferred stock or cash basis . as of september 30 , 2009 , 86643 shares were held in trust , of which 4356 shares represented directors 2019 compensation in 2009 , in accordance with the provisions of the plan . under this plan , which is unfunded , directors have an unsecured contractual commitment from the company . the company also has a deferred compensation plan that allows certain highly-compensated employees , including executive officers , to defer salary , annual incentive awards and certain equity-based compensation . as of september 30 , 2009 , 557235 shares were issuable under this plan . note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>average common shares outstanding</td><td>240479</td><td>244323</td><td>244929</td></tr><tr><td>3</td><td>dilutive share equivalents from share-based plans</td><td>6319</td><td>8358</td><td>9881</td></tr><tr><td>4</td><td>average common and common equivalent sharesoutstanding 2014 assuming dilution</td><td>246798</td><td>252681</td><td>254810</td></tr></table> average common and common equivalent shares outstanding 2014 assuming dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246798 252681 254810 note 17 2014 segment data the company 2019s organizational structure is based upon its three principal business segments : bd medical ( 201cmedical 201d ) , bd diagnostics ( 201cdiagnostics 201d ) and bd biosciences ( 201cbiosciences 201d ) . the principal product lines in the medical segment include needles , syringes and intravenous catheters for medication delivery ; safety-engineered and auto-disable devices ; prefilled iv flush syringes ; syringes and pen needles for the self-injection of insulin and other drugs used in the treatment of diabetes ; prefillable drug delivery devices provided to pharmaceutical companies and sold to end-users as drug/device combinations ; surgical blades/scalpels and regional anesthesia needles and trays ; critical care monitoring devices ; ophthalmic surgical instruments ; and sharps disposal containers . the principal products and services in the diagnostics segment include integrated systems for specimen collection ; an extensive line of safety-engineered specimen blood collection products and systems ; plated media ; automated blood culturing systems ; molecular testing systems for sexually transmitted diseases and healthcare-associated infections ; microorganism identification and drug susceptibility systems ; liquid-based cytology systems for cervical cancer screening ; and rapid diagnostic assays . the principal product lines in the biosciences segment include fluorescence activated cell sorters and analyzers ; cell imaging systems ; monoclonal antibodies and kits for performing cell analysis ; reagent systems for life sciences research ; tools to aid in drug discovery and growth of tissue and cells ; cell culture media supplements for biopharmaceutical manufacturing ; and diagnostic assays . the company evaluates performance of its business segments based upon operating income . segment operating income represents revenues reduced by product costs and operating expenses . the company hedges against certain forecasted sales of u.s.-produced products sold outside the united states . gains and losses associated with these foreign currency translation hedges are reported in segment revenues based upon their proportionate share of these international sales of u.s.-produced products . becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what were the number of common shares outstanding in 2008?\nAnswer: 244323.0\nQuestion: what were the number of shares outstanding in 2009?\nAnswer: 240479.0\nQuestion: what is the value of 2008 less 2009?\nAnswer: 3844.0\nQuestion: what were the number of shares in 2008?\n" }, { "role": "agent", "content": "244323.0" } ]
CONVFINQA10388	[ { "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\nn o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price . <table class='wikitable'><tr><td>1</td><td>-</td><td>number of options</td><td>weightedaverageexercise price</td></tr><tr><td>2</td><td>options outstanding december 31 2005</td><td>12643761</td><td>$ 36.53</td></tr><tr><td>3</td><td>granted</td><td>1505215</td><td>$ 56.29</td></tr><tr><td>4</td><td>exercised</td><td>-1982560 ( 1982560 )</td><td>$ 33.69</td></tr><tr><td>5</td><td>forfeited</td><td>-413895 ( 413895 )</td><td>$ 39.71</td></tr><tr><td>6</td><td>options outstanding december 31 2006</td><td>11752521</td><td>$ 39.43</td></tr><tr><td>7</td><td>granted</td><td>1549091</td><td>$ 56.17</td></tr><tr><td>8</td><td>exercised</td><td>-1830004 ( 1830004 )</td><td>$ 35.73</td></tr><tr><td>9</td><td>forfeited</td><td>-200793 ( 200793 )</td><td>$ 51.66</td></tr><tr><td>10</td><td>options outstanding december 31 2007</td><td>11270815</td><td>$ 42.12</td></tr><tr><td>11</td><td>granted</td><td>1612507</td><td>$ 60.17</td></tr><tr><td>12</td><td>exercised</td><td>-2650733 ( 2650733 )</td><td>$ 36.25</td></tr><tr><td>13</td><td>forfeited</td><td>-309026 ( 309026 )</td><td>$ 54.31</td></tr><tr><td>14</td><td>options outstanding december 31 2008</td><td>9923563</td><td>$ 46.24</td></tr></table> the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 . the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 . the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 . the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively . the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million . restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock . the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule . the restricted stock is granted at market close price on the date of grant . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .\nQuestion: how many options outstanding were there at of december 31, 2008?\nAnswer: 9923563.0\nQuestion: how many options outstanding were there at of december 31, 2005?\nAnswer: 12643761.0\nQuestion: what was the net change in number of options?\nAnswer: -2720198.0\nQuestion: what was the percent change?\n" }, { "role": "agent", "content": "-0.21514" } ]
CONVFINQA10947	[ { "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 april 2009 , the fasb issued additional guidance under asc 820 which provides guidance on estimat- ing the fair value of an asset or liability ( financial or nonfinancial ) when the volume and level of activity for the asset or liability have significantly decreased , and on identifying transactions that are not orderly . the application of the requirements of this guidance did not have a material effect on the accompanying consolidated financial statements . in august 2009 , the fasb issued asu 2009-05 , 201cmeasuring liabilities at fair value , 201d which further amends asc 820 by providing clarification for cir- cumstances in which a quoted price in an active market for the identical liability is not available . the company included the disclosures required by this guidance in the accompanying consolidated financial statements . accounting for uncertainty in income taxes in june 2006 , the fasb issued guidance under asc 740 , 201cincome taxes 201d ( formerly fin 48 ) . this guid- ance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in tax returns . specifically , the financial statement effects of a tax position may be recognized only when it is determined that it is 201cmore likely than not 201d that , based on its technical merits , the tax position will be sustained upon examination by the relevant tax authority . the amount recognized shall be measured as the largest amount of tax benefits that exceed a 50% ( 50 % ) probability of being recognized . this guidance also expands income tax disclosure requirements . international paper applied the provisions of this guidance begin- ning in the first quarter of 2007 . the adoption of this guidance resulted in a charge to the beginning bal- ance of retained earnings of $ 94 million at the date of adoption . note 3 industry segment information financial information by industry segment and geo- graphic area for 2009 , 2008 and 2007 is presented on pages 47 and 48 . effective january 1 , 2008 , the company changed its method of allocating corpo- rate overhead expenses to its business segments to increase the expense amounts allocated to these businesses in reports reviewed by its chief executive officer to facilitate performance comparisons with other companies . accordingly , the company has revised its presentation of industry segment operat- ing profit to reflect this change in allocation method , and has adjusted all comparative prior period information on this basis . note 4 earnings per share attributable to international paper company common shareholders basic earnings per common share from continuing operations are computed by dividing earnings from continuing operations by the weighted average number of common shares outstanding . diluted earnings per common share from continuing oper- ations are computed assuming that all potentially dilutive securities , including 201cin-the-money 201d stock options , were converted into common shares at the beginning of each year . in addition , the computation of diluted earnings per share reflects the inclusion of contingently convertible securities in periods when dilutive . a reconciliation of the amounts included in the computation of basic earnings per common share from continuing operations , and diluted earnings per common share from continuing operations is as fol- in millions except per share amounts 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>in millions except per share amounts</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>earnings ( loss ) from continuing operations</td><td>$ 663</td><td>$ -1269 ( 1269 )</td><td>$ 1215</td></tr><tr><td>3</td><td>effect of dilutive securities ( a )</td><td>2013</td><td>2013</td><td>2013</td></tr><tr><td>4</td><td>earnings ( loss ) from continuing operations 2013 assumingdilution</td><td>$ 663</td><td>$ -1269 ( 1269 )</td><td>$ 1215</td></tr><tr><td>5</td><td>average common shares outstanding</td><td>425.3</td><td>421.0</td><td>428.9</td></tr><tr><td>6</td><td>effect of dilutive securities restricted performance share plan ( a )</td><td>2.7</td><td>2013</td><td>3.7</td></tr><tr><td>7</td><td>stock options ( b )</td><td>2013</td><td>2013</td><td>0.4</td></tr><tr><td>8</td><td>average common shares outstanding 2013 assuming dilution</td><td>428.0</td><td>421.0</td><td>433.0</td></tr><tr><td>9</td><td>basic earnings ( loss ) per common share from continuing operations</td><td>$ 1.56</td><td>$ -3.02 ( 3.02 )</td><td>$ 2.83</td></tr><tr><td>10</td><td>diluted earnings ( loss ) per common share from continuing operations</td><td>$ 1.55</td><td>$ -3.02 ( 3.02 )</td><td>$ 2.81</td></tr></table> average common shares outstanding 2013 assuming dilution 428.0 421.0 433.0 basic earnings ( loss ) per common share from continuing operations $ 1.56 $ ( 3.02 ) $ 2.83 diluted earnings ( loss ) per common share from continuing operations $ 1.55 $ ( 3.02 ) $ 2.81 ( a ) securities are not included in the table in periods when anti- dilutive . ( b ) options to purchase 22.2 million , 25.1 million and 17.5 million shares for the years ended december 31 , 2009 , 2008 and 2007 , respectively , were not included in the computation of diluted common shares outstanding because their exercise price exceeded the average market price of the company 2019s common stock for each respective reporting date . note 5 restructuring and other charges this footnote discusses restructuring and other charges recorded for each of the three years included in the period ended december 31 , 2009 . it .\nQuestion: what is the sum of earnings (loss) from continuing operations in 2008 and 2009?\n" }, { "role": "agent", "content": "-606.0" } ]
CONVFINQA9035	[ { "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\namerican tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 . ( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) . the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy . the company received $ 0.5 million of this amount in january 2005 . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes . pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 . 4 . property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>towers</td><td>$ 4134155</td><td>$ 2788162</td></tr><tr><td>3</td><td>equipment</td><td>167504</td><td>115244</td></tr><tr><td>4</td><td>buildings and improvements</td><td>184951</td><td>162120</td></tr><tr><td>5</td><td>land and improvements</td><td>215974</td><td>176937</td></tr><tr><td>6</td><td>construction-in-progress</td><td>36991</td><td>27866</td></tr><tr><td>7</td><td>total</td><td>4739575</td><td>3270329</td></tr><tr><td>8</td><td>less accumulated depreciation and amortization</td><td>-1279049 ( 1279049 )</td><td>-996973 ( 996973 )</td></tr><tr><td>9</td><td>property and equipment net</td><td>$ 3460526</td><td>$ 2273356</td></tr></table> 5 . goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment . the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc . ( see note 2. ) .\nQuestion: what was the amount of property and equipment net in 2005?\nAnswer: 3460526.0\nQuestion: and what was it in 2004?\nAnswer: 2273356.0\nQuestion: what was, then, the increase over the year?\nAnswer: 1187170.0\nQuestion: and what is this increase as a percentage of the 2004 amount?\nAnswer: 0.52221\nQuestion: and what was the increase in the amount of total property and equipment in that same period?\nAnswer: 1469246.0\nQuestion: how much did this increase represent in relation to that amount in 2004, in percentage?\n" }, { "role": "agent", "content": "0.44927" } ]
CONVFINQA3106	[ { "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 are total minimum payments for operating leases?\nAnswer: 5909.0\nQuestion: what are they for capital leases?\nAnswer: 1898.0\nQuestion: what is the sum?\nAnswer: 7807.0\nQuestion: what is the operating leases value?\n" }, { "role": "agent", "content": "5909.0" } ]
CONVFINQA7138	[ { "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\ncapital resources and liquidity capital resources overview capital is generally generated via earnings from operating businesses . this is augmented through issuance of common stock , convertible preferred stock , preferred stock , subordinated debt , and equity issued through awards under employee benefit plans . capital is used primarily to support assets in the company 2019s businesses and to absorb unexpected market , credit or operational losses . the company 2019s uses of capital , particularly to pay dividends and repurchase common stock , became severely restricted during the latter half of 2008 . see 201cthe company , 201d 201cmanagement 2019s discussion and analysis 2013 events in 2008 , 201d 201ctarp and other regulatory programs , 201d 201crisk factors 201d and 201ccommon equity 201d on pages 2 , 9 , 44 , 47 and 95 , respectively . citigroup 2019s capital management framework is designed to ensure that citigroup and its principal subsidiaries maintain sufficient capital consistent with the company 2019s risk profile , all applicable regulatory standards and guidelines , and external rating agency considerations . the capital management process is centrally overseen by senior management and is reviewed at the consolidated , legal entity , and country level . senior management oversees the capital management process of citigroup and its principal subsidiaries mainly through citigroup 2019s finance and asset and liability committee ( finalco ) . the committee is composed of the senior-most management of citigroup for the purpose of engaging management in decision-making and related discussions on capital and liquidity items . among other things , the committee 2019s responsibilities include : determining the financial structure of citigroup and its principal subsidiaries ; ensuring that citigroup and its regulated entities are adequately capitalized ; determining appropriate asset levels and return hurdles for citigroup and individual businesses ; reviewing the funding and capital markets plan for citigroup ; and monitoring interest-rate risk , corporate and bank liquidity , the impact of currency translation on non-u.s . earnings and capital . the finalco has established capital targets for citigroup and for significant subsidiaries . at december 31 , 2008 , these targets exceeded the regulatory standards . common and preferred stock issuances as discussed under 201cevents in 2008 201d on page 9 , during 2008 , the company issued $ 45 billion in preferred stock and warrants under tarp , $ 12.5 billion of convertible preferred stock in a private offering , $ 11.7 billion of non-convertible preferred stock in public offerings , $ 3.2 billion of convertible preferred stock in public offerings , and $ 4.9 billion of common stock in public offerings . on january 23 , 2009 , pursuant to our prior agreement with the purchasers of the $ 12.5 billion convertible preferred stock issued in the private offering , the conversion price was reset from $ 31.62 per share to $ 26.35 per share . the reset will result in citigroup 2019s issuing approximately 79 million additional common shares if converted . there will be no impact to net income , total stockholders 2019 equity or capital ratios due to the reset . however , the reset will result in a reclassification from retained earnings to additional paid-in capital of $ 1.2 billion to reflect the benefit of the reset to the preferred stockholders . capital ratios citigroup is subject to risk-based capital ratio guidelines issued by the federal reserve board ( frb ) . capital adequacy is measured via two risk- based ratios , tier 1 and total capital ( tier 1 + tier 2 capital ) . tier 1 capital is considered core capital while total capital also includes other items such as subordinated debt and loan loss reserves . both measures of capital are stated as a percentage of risk-weighted assets . risk-weighted assets are measured primarily on their perceived credit risk and include certain off-balance-sheet exposures , such as unfunded loan commitments and letters of credit , and the notional amounts of derivative and foreign- exchange contracts . citigroup is also subject to the leverage ratio requirement , a non-risk-based asset ratio , which is defined as tier 1 capital as a percentage of adjusted average assets . to be 201cwell capitalized 201d under federal bank regulatory agency definitions , a bank holding company must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) , and a leverage ratio of at least 3% ( 3 % ) , and not be subject to an frb directive to maintain higher capital levels . as noted in the following table , citigroup maintained a 201cwell capitalized 201d position during both 2008 and 2007 . citigroup regulatory capital ratios at year end 2008 2007 . <table class='wikitable'><tr><td>1</td><td>at year end</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>tier 1 capital</td><td>11.92% ( 11.92 % )</td><td>7.12% ( 7.12 % )</td></tr><tr><td>3</td><td>total capital ( tier 1 and tier 2 )</td><td>15.70</td><td>10.70</td></tr><tr><td>4</td><td>leverage ( 1 )</td><td>6.08</td><td>4.03</td></tr></table> leverage ( 1 ) 6.08 4.03 ( 1 ) tier 1 capital divided by adjusted average assets . events occurring during 2008 , including the transactions with the u.s . government , affected citigroup 2019s capital ratios , and any additional u.s . government financial involvement with the company could further impact the company 2019s capital ratios . in addition , future operations will affect capital levels , and changes that the fasb has proposed regarding off-balance-sheet assets , consolidation and sale treatment could also have an impact on capital ratios . see also note 23 to the consolidated financial statements on page 175 , including 201cfunding liquidity facilities and subordinate interests . 201d .\nQuestion: what was the conversion price before the reset of convertible preferred stock issued in the private offering?\nAnswer: 31.62\nQuestion: and what became the conversion price with that reset?\nAnswer: 26.35\nQuestion: what, then, was the change in the conversion price because of that reset?\nAnswer: 5.27\nQuestion: and how much does this change represent in relation to the original conversion price, in percentage?\n" }, { "role": "agent", "content": "0.16667" } ]
CONVFINQA9113	[ { "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\nshareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index and the s&p financial index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return . <table class='wikitable'><tr><td>1</td><td>-</td><td>2007</td><td>2008</td><td>2009</td><td>2010</td><td>2011</td><td>2012</td></tr><tr><td>2</td><td>state street corporation</td><td>$ 100</td><td>$ 49</td><td>$ 55</td><td>$ 58</td><td>$ 52</td><td>$ 61</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>63</td><td>80</td><td>92</td><td>94</td><td>109</td></tr><tr><td>4</td><td>s&p financial index</td><td>100</td><td>45</td><td>52</td><td>59</td><td>49</td><td>63</td></tr></table> .\nQuestion: what is the change in the value of an investment in state street corporation from 2007 to 2009?\n" }, { "role": "agent", "content": "-45.0" } ]
CONVFINQA3255	[ { "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 a new business model such as the retail segment is inherently risky , particularly in light of the significant investment involved , the current economic climate , and the fixed nature of a substantial portion of the retail segment's operating expenses . results for this segment are dependent upon a number of risks and uncertainties , some of which are discussed below under the heading \"factors that may affect future results and financial condition.\" backlog in the company's experience , the actual amount of product backlog at any particular time is not a meaningful indication of its future business prospects . in particular , backlog often increases in anticipation of or immediately following new product introductions because of over- ordering by dealers anticipating shortages . backlog often is reduced once dealers and customers believe they can obtain sufficient supply . because of the foregoing , backlog cannot be considered a reliable indicator of the company's ability to achieve any particular level of revenue or financial performance . further information regarding the company's backlog may be found below under the heading \"factors that may affect future results and financial condition.\" gross margin gross margin for the three fiscal years ended september 28 , 2002 are as follows ( in millions , except gross margin percentages ) : gross margin increased to 28% ( 28 % ) of net sales in 2002 from 23% ( 23 % ) in 2001 . as discussed below , gross margin in 2001 was unusually low resulting from negative gross margin of 2% ( 2 % ) experienced in the first quarter of 2001 . as a percentage of net sales , the company's quarterly gross margins declined during fiscal 2002 from 31% ( 31 % ) in the first quarter down to 26% ( 26 % ) in the fourth quarter . this decline resulted from several factors including a rise in component costs as the year progressed and aggressive pricing by the company across its products lines instituted as a result of continued pricing pressures in the personal computer industry . the company anticipates that its gross margin and the gross margin of the overall personal computer industry will remain under pressure throughout fiscal 2003 in light of weak economic conditions , flat demand for personal computers in general , and the resulting pressure on prices . the foregoing statements regarding anticipated gross margin in 2003 and the general demand for personal computers during 2003 are forward- looking . gross margin could differ from anticipated levels because of several factors , including certain of those set forth below in the subsection entitled \"factors that may affect future results and financial condition.\" there can be no assurance that current gross margins will be maintained , targeted gross margin levels will be achieved , or current margins on existing individual products will be maintained . in general , gross margins and margins on individual products will remain under significant downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and potential changes to the company's product mix , including higher unit sales of consumer products with lower average selling prices and lower gross margins . in response to these downward pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company's ability to effectively manage quality problems and warranty costs and to stimulate demand for certain of its products . the company's operating strategy and pricing take into account anticipated changes in foreign currency exchange rates over time ; however , the company's results of operations can be significantly affected in the short-term by fluctuations in exchange rates . the company orders components for its products and builds inventory in advance of product shipments . because the company's markets are volatile and subject to rapid technology and price changes , there is a risk the company will forecast incorrectly and produce or order from third parties excess or insufficient inventories of particular products or components . the company's operating results and financial condition have been in the past and may in the future be materially adversely affected by the company's ability to manage its inventory levels and outstanding purchase commitments and to respond to short-term shifts in customer demand patterns . gross margin declined to 23% ( 23 % ) of net sales in 2001 from 27% ( 27 % ) in 2000 . this decline resulted primarily from gross margin of negative 2% ( 2 % ) experienced during the first quarter of 2001 compared to 26% ( 26 % ) gross margin for the same quarter in 2000 . in addition to lower than normal net . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net sales</td><td>$ 5742</td><td>$ 5363</td><td>$ 7983</td></tr><tr><td>3</td><td>cost of sales</td><td>4139</td><td>4128</td><td>5817</td></tr><tr><td>4</td><td>gross margin</td><td>$ 1603</td><td>$ 1235</td><td>$ 2166</td></tr><tr><td>5</td><td>gross margin percentage</td><td>28% ( 28 % )</td><td>23% ( 23 % )</td><td>27% ( 27 % )</td></tr></table> .\nQuestion: what were net sales in 2002?\n" }, { "role": "agent", "content": "5742.0" } ]
CONVFINQA489	[ { "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\nbasel iii ( full implementation ) citigroup 2019s capital resources under basel iii ( full implementation ) citi currently estimates that its effective minimum common equity tier 1 capital , tier 1 capital and total capital ratio requirements under the u.s . basel iii rules , on a fully implemented basis and assuming a 3% ( 3 % ) gsib surcharge , may be 10% ( 10 % ) , 11.5% ( 11.5 % ) and 13.5% ( 13.5 % ) , respectively . further , under the u.s . basel iii rules , citi must also comply with a 4% ( 4 % ) minimum tier 1 leverage ratio requirement and an effective 5% ( 5 % ) minimum supplementary leverage ratio requirement . the following tables set forth the capital tiers , total risk-weighted assets , risk-based capital ratios , quarterly adjusted average total assets , total leverage exposure and leverage ratios , assuming full implementation under the u.s . basel iii rules , for citi as of december 31 , 2015 and december 31 , 2014 . citigroup capital components and ratios under basel iii ( full implementation ) december 31 , 2015 december 31 , 2014 ( 1 ) in millions of dollars , except ratios advanced approaches standardized approach advanced approaches standardized approach . <table class='wikitable'><tr><td>1</td><td>in millions of dollars except ratios</td><td>december 31 2015 advanced approaches</td><td>december 31 2015 standardized approach</td><td>december 31 2015 advanced approaches</td><td>standardized approach</td></tr><tr><td>2</td><td>common equity tier 1 capital</td><td>$ 146865</td><td>$ 146865</td><td>$ 136597</td><td>$ 136597</td></tr><tr><td>3</td><td>tier 1 capital</td><td>164036</td><td>164036</td><td>148066</td><td>148066</td></tr><tr><td>4</td><td>total capital ( tier 1 capital + tier 2 capital ) ( 2 )</td><td>186097</td><td>198655</td><td>165454</td><td>178413</td></tr><tr><td>5</td><td>total risk-weighted assets</td><td>1216277</td><td>1162884</td><td>1292605</td><td>1228488</td></tr><tr><td>6</td><td>common equity tier 1 capital ratio ( 3 ) ( 4 )</td><td>12.07% ( 12.07 % )</td><td>12.63% ( 12.63 % )</td><td>10.57% ( 10.57 % )</td><td>11.12% ( 11.12 % )</td></tr><tr><td>7</td><td>tier 1 capital ratio ( 3 ) ( 4 )</td><td>13.49</td><td>14.11</td><td>11.45</td><td>12.05</td></tr><tr><td>8</td><td>total capital ratio ( 3 ) ( 4 )</td><td>15.30</td><td>17.08</td><td>12.80</td><td>14.52</td></tr></table> common equity tier 1 capital ratio ( 3 ) ( 4 ) 12.07% ( 12.07 % ) 12.63% ( 12.63 % ) 10.57% ( 10.57 % ) 11.12% ( 11.12 % ) tier 1 capital ratio ( 3 ) ( 4 ) 13.49 14.11 11.45 12.05 total capital ratio ( 3 ) ( 4 ) 15.30 17.08 12.80 14.52 in millions of dollars , except ratios december 31 , 2015 december 31 , 2014 ( 1 ) quarterly adjusted average total assets ( 5 ) $ 1724710 $ 1835637 total leverage exposure ( 6 ) 2317849 2492636 tier 1 leverage ratio ( 4 ) 9.51% ( 9.51 % ) 8.07% ( 8.07 % ) supplementary leverage ratio ( 4 ) 7.08 5.94 ( 1 ) restated to reflect the retrospective adoption of asu 2014-01 for lihtc investments , consistent with current period presentation . ( 2 ) under the advanced approaches framework eligible credit reserves that exceed expected credit losses are eligible for inclusion in tier 2 capital to the extent the excess reserves do not exceed 0.6% ( 0.6 % ) of credit risk-weighted assets , which differs from the standardized approach in which the allowance for credit losses is eligible for inclusion in tier 2 capital up to 1.25% ( 1.25 % ) of credit risk-weighted assets , with any excess allowance for credit losses being deducted in arriving at credit risk-weighted assets . ( 3 ) as of december 31 , 2015 and december 31 , 2014 , citi 2019s common equity tier 1 capital , tier 1 capital , and total capital ratios were the lower derived under the basel iii advanced approaches framework . ( 4 ) citi 2019s basel iii capital ratios and related components , on a fully implemented basis , are non-gaap financial measures . citi believes these ratios and the related components provide useful information to investors and others by measuring citi 2019s progress against future regulatory capital standards . ( 5 ) tier 1 leverage ratio denominator . ( 6 ) supplementary leverage ratio denominator. .\nQuestion: what is the tier 1 capital ratio for advance approaches in 2015?\nAnswer: 13.49\nQuestion: what about for the standardized approach?\nAnswer: 14.11\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "-0.62" } ]
CONVFINQA6160	[ { "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?\nAnswer: 2250.0\nQuestion: what is the value of total debt obligations less those due in under 1 year?\n" }, { "role": "agent", "content": "18154.0" } ]
CONVFINQA6797	[ { "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\non december 19 , 2011 , we redeemed the remaining $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 , and all $ 300 million of our outstanding 6.125% ( 6.125 % ) notes due january 15 , 2012 . the redemptions resulted in an early extinguishment charge of $ 5 million in the fourth quarter of 2011 . receivables securitization facility 2013 as of december 31 , 2013 and 2012 , we recorded $ 0 and $ 100 million , respectively , 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 , including our headquarters building ) 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 vies . the future minimum lease payments associated with the vie leases totaled $ 3.3 billion as of december 31 , 2013 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2013 and 2012 included $ 2486 million , net of $ 1092 million of accumulated depreciation , and $ 2467 million , net of $ 966 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 , 2013 , 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>2014</td><td>$ 512</td><td>$ 272</td></tr><tr><td>3</td><td>2015</td><td>477</td><td>260</td></tr><tr><td>4</td><td>2016</td><td>438</td><td>239</td></tr><tr><td>5</td><td>2017</td><td>400</td><td>247</td></tr><tr><td>6</td><td>2018</td><td>332</td><td>225</td></tr><tr><td>7</td><td>later years</td><td>1907</td><td>957</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4066</td><td>$ 2200</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-498 ( 498 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1702</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 618 million in 2013 , $ 631 million in 2012 , and $ 637 million in 2011 . 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 value of the remaining non-cancelable operating leases that is due in 2015?\nAnswer: 477.0\nQuestion: what is the total minimum lease payments for operating leases?\nAnswer: 4066.0\nQuestion: what portion does this represent?\nAnswer: 0.11731\nQuestion: what is the total minimum lease payments for capital leases?\n" }, { "role": "agent", "content": "2200.0" } ]
CONVFINQA9598	[ { "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\nassumed health care cost trend rates for the u.s . retiree health care benefit plan as of december 31 are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>assumed health care cost trend rate for next year</td><td>7.50% ( 7.50 % )</td><td>6.75% ( 6.75 % )</td></tr><tr><td>3</td><td>ultimate trend rate</td><td>5.00% ( 5.00 % )</td><td>5.00% ( 5.00 % )</td></tr><tr><td>4</td><td>year in which ultimate trend rate is reached</td><td>2028</td><td>2024</td></tr></table> a one percentage point increase or decrease in health care cost trend rates over all future periods would have increased or decreased the accumulated postretirement benefit obligation for the u.s . retiree health care benefit plan as of december 31 , 2017 , by $ 1 million . the service cost and interest cost components of 2017 plan expense would have increased or decreased by less than $ 1 million . deferred compensation arrangements we have a deferred compensation plan that allows u.s . employees whose base salary and management responsibility exceed a certain level to defer receipt of a portion of their cash compensation . payments under this plan are made based on the participant 2019s distribution election and plan balance . participants can earn a return on their deferred compensation based on notional investments in the same investment funds that are offered in our defined contribution plans . as of december 31 , 2017 , our liability to participants of the deferred compensation plans was $ 255 million and is recorded in other long-term liabilities on our consolidated balance sheets . this amount reflects the accumulated participant deferrals and earnings thereon as of that date . as of december 31 , 2017 , we held $ 236 million in mutual funds related to these plans that are recorded in long-term investments on our consolidated balance sheets , and serve as an economic hedge against changes in fair values of our other deferred compensation liabilities . we record changes in the fair value of the liability and the related investment in sg&a as discussed in note 8 . 11 . debt and lines of credit short-term borrowings we maintain a line of credit to support commercial paper borrowings , if any , and to provide additional liquidity through bank loans . as of december 31 , 2017 , we had a variable-rate revolving credit facility from a consortium of investment-grade banks that allows us to borrow up to $ 2 billion until march 2022 . the interest rate on borrowings under this credit facility , if drawn , is indexed to the applicable london interbank offered rate ( libor ) . as of december 31 , 2017 , our credit facility was undrawn and we had no commercial paper outstanding . long-term debt we retired $ 250 million of maturing debt in march 2017 and another $ 375 million in june 2017 . in may 2017 , we issued an aggregate principal amount of $ 600 million of fixed-rate , long-term debt . the offering consisted of the reissuance of $ 300 million of 2.75% ( 2.75 % ) notes due in 2021 at a premium and the issuance of $ 300 million of 2.625% ( 2.625 % ) notes due in 2024 at a discount . we incurred $ 3 million of issuance and other related costs . the proceeds of the offerings were $ 605 million , net of the original issuance discount and premium , and were used for the repayment of maturing debt and general corporate purposes . in november 2017 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2027 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 494 million , net of the original issuance discount , and were used for general corporate purposes . in may 2016 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2022 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 499 million , net of the original issuance discount , and were used toward the repayment of a portion of $ 1.0 billion of maturing debt retired in may 2016 . in may 2015 , we issued a principal amount of $ 500 million of fixed-rate , long-term debt due in 2020 . we incurred $ 3 million of issuance and other related costs . the proceeds of the offering were $ 498 million , net of the original issuance discount , and were used toward the repayment of a portion of the debt that matured in august 2015 . we retired $ 250 million of maturing debt in april 2015 and another $ 750 million in august 2015 . texas instruments 2022 2017 form 10-k 51 .\nQuestion: what amount of long-term debt was retired during 2017?\n" }, { "role": "agent", "content": "625.0" } ]
CONVFINQA8623	[ { "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 grand gulf recovery variance is primarily due to increased recovery of higher costs resulting from the grand gulf uprate . the volume/weather variance is primarily due to the effects of more favorable weather on residential sales and an increase in industrial sales primarily due to growth in the refining segment . the fuel recovery variance is primarily due to : 2022 the deferral of increased capacity costs that will be recovered through fuel adjustment clauses ; 2022 the expiration of the evangeline gas contract on january 1 , 2013 ; and 2022 an adjustment to deferred fuel costs recorded in the third quarter 2012 in accordance with a rate order from the puct issued in september 2012 . see note 2 to the financial statements for further discussion of this puct order issued in entergy texas's 2011 rate case . the miso deferral variance is primarily due to the deferral in april 2013 , as approved by the apsc , of costs incurred since march 2010 related to the transition and implementation of joining the miso rto . the decommissioning trusts variance is primarily due to lower regulatory credits resulting from higher realized income on decommissioning trust fund investments . there is no effect on net income as the credits are offset by interest and investment income . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2013 to 2012 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2012 net revenue</td><td>$ 1854</td></tr><tr><td>3</td><td>mark-to-market</td><td>-58 ( 58 )</td></tr><tr><td>4</td><td>nuclear volume</td><td>-24 ( 24 )</td></tr><tr><td>5</td><td>nuclear fuel expenses</td><td>-20 ( 20 )</td></tr><tr><td>6</td><td>nuclear realized price changes</td><td>58</td></tr><tr><td>7</td><td>other</td><td>-8 ( 8 )</td></tr><tr><td>8</td><td>2013 net revenue</td><td>$ 1802</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 52 million in 2013 primarily due to : 2022 the effect of rising forward power prices on electricity derivative instruments that are not designated as hedges , including additional financial power sales conducted in the fourth quarter 2013 to offset the planned exercise of in-the-money protective call options and to lock in margins . these additional sales did not qualify for hedge accounting treatment , and increases in forward prices after those sales were made accounted for the majority of the negative mark-to-market variance . it is expected that the underlying transactions will result in earnings in first quarter 2014 as these positions settle . see note 16 to the financial statements for discussion of derivative instruments ; 2022 the decrease in net revenue compared to prior year resulting from the exercise of resupply options provided for in purchase power agreements where entergy wholesale commodities may elect to supply power from another source when the plant is not running . amounts related to the exercise of resupply options are included in the gwh billed in the table below ; and entergy corporation and subsidiaries management's financial discussion and analysis .\nQuestion: what was the net change in revenue?\nAnswer: -52.0\nQuestion: what was the percent change?\n" }, { "role": "agent", "content": "-0.02805" } ]
CONVFINQA1379	[ { "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 fiscal 2006 , we repurchased 19 million shares of common stock for an aggregate purchase price of $ 892 million , of which $ 7 million settled after the end of our fiscal year . in fiscal 2005 , we repurchased 17 million shares of common stock for an aggregate purchase price of $ 771 million . a total of 146 million shares were held in treasury at may 28 , 2006 . we also used cash from operations to repay $ 189 million in outstanding debt in fiscal 2006 . in fiscal 2005 , we repaid nearly $ 2.2 billion of debt , including the purchase of $ 760 million principal amount of our 6 percent notes due in 2012 . fiscal 2005 debt repurchase costs were $ 137 million , consisting of $ 73 million of noncash interest rate swap losses reclassified from accumulated other comprehen- sive income , $ 59 million of purchase premium and $ 5 million of noncash unamortized cost of issuance expense . capital structure in millions may 28 , may 29 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>may 282006</td><td>may 292005</td></tr><tr><td>2</td><td>notes payable</td><td>$ 1503</td><td>$ 299</td></tr><tr><td>3</td><td>current portion of long-term debt</td><td>2131</td><td>1638</td></tr><tr><td>4</td><td>long-term debt</td><td>2415</td><td>4255</td></tr><tr><td>5</td><td>total debt</td><td>6049</td><td>6192</td></tr><tr><td>6</td><td>minority interests</td><td>1136</td><td>1133</td></tr><tr><td>7</td><td>stockholders 2019 equity</td><td>5772</td><td>5676</td></tr><tr><td>8</td><td>total capital</td><td>$ 12957</td><td>$ 13001</td></tr></table> we have $ 2.1 billion of long-term debt maturing in the next 12 months and classified as current , including $ 131 million that may mature in fiscal 2007 based on the put rights of those note holders . we believe that cash flows from operations , together with available short- and long- term debt financing , will be adequate to meet our liquidity and capital needs for at least the next 12 months . on october 28 , 2005 , we repurchased a significant portion of our zero coupon convertible debentures pursuant to put rights of the holders for an aggregate purchase price of $ 1.33 billion , including $ 77 million of accreted original issue discount . these debentures had an aggregate prin- cipal amount at maturity of $ 1.86 billion . we incurred no gain or loss from this repurchase . as of may 28 , 2006 , there were $ 371 million in aggregate principal amount at matu- rity of the debentures outstanding , or $ 268 million of accreted value . we used proceeds from the issuance of commercial paper to fund the purchase price of the deben- tures . we also have reclassified the remaining zero coupon convertible debentures to long-term debt based on the october 2008 put rights of the holders . on march 23 , 2005 , we commenced a cash tender offer for our outstanding 6 percent notes due in 2012 . the tender offer resulted in the purchase of $ 500 million principal amount of the notes . subsequent to the expiration of the tender offer , we purchased an additional $ 260 million prin- cipal amount of the notes in the open market . the aggregate purchases resulted in the debt repurchase costs as discussed above . our minority interests consist of interests in certain of our subsidiaries that are held by third parties . general mills cereals , llc ( gmc ) , our subsidiary , holds the manufac- turing assets and intellectual property associated with the production and retail sale of big g ready-to-eat cereals , progresso soups and old el paso products . in may 2002 , one of our wholly owned subsidiaries sold 150000 class a preferred membership interests in gmc to an unrelated third-party investor in exchange for $ 150 million , and in october 2004 , another of our wholly owned subsidiaries sold 835000 series b-1 preferred membership interests in gmc in exchange for $ 835 million . all interests in gmc , other than the 150000 class a interests and 835000 series b-1 interests , but including all managing member inter- ests , are held by our wholly owned subsidiaries . in fiscal 2003 , general mills capital , inc . ( gm capital ) , a subsidiary formed for the purpose of purchasing and collecting our receivables , sold $ 150 million of its series a preferred stock to an unrelated third-party investor . the class a interests of gmc receive quarterly preferred distributions at a floating rate equal to ( i ) the sum of three- month libor plus 90 basis points , divided by ( ii ) 0.965 . this rate will be adjusted by agreement between the third- party investor holding the class a interests and gmc every five years , beginning in june 2007 . under certain circum- stances , gmc also may be required to be dissolved and liquidated , including , without limitation , the bankruptcy of gmc or its subsidiaries , failure to deliver the preferred distributions , failure to comply with portfolio requirements , breaches of certain covenants , lowering of our senior debt rating below either baa3 by moody 2019s or bbb by standard & poor 2019s , and a failed attempt to remarket the class a inter- ests as a result of a breach of gmc 2019s obligations to assist in such remarketing . in the event of a liquidation of gmc , each member of gmc would receive the amount of its then current capital account balance . the managing member may avoid liquidation in most circumstances by exercising an option to purchase the class a interests . the series b-1 interests of gmc are entitled to receive quarterly preferred distributions at a fixed rate of 4.5 percent per year , which is scheduled to be reset to a new fixed rate through a remarketing in october 2007 . beginning in october 2007 , the managing member of gmc may elect to repurchase the series b-1 interests for an amount equal to the holder 2019s then current capital account balance plus any applicable make-whole amount . gmc is not required to purchase the series b-1 interests nor may these investors put these interests to us . the series b-1 interests will be exchanged for shares of our perpetual preferred stock upon the occurrence of any of the following events : our senior unsecured debt rating falling below either ba3 as rated by moody 2019s or bb- as rated by standard & poor 2019s or fitch , inc. .\nQuestion: in the year of 2006, what was the amount of the current portion of long-term debt?\nAnswer: 2131.0\nQuestion: and what was the total capital structure of total debt?\nAnswer: 6049.0\nQuestion: what percentage, then, of the total structure did that amount represent?\nAnswer: 0.35229\nQuestion: and in the year before, what was the aggregate purchase price of the repurchased shares of common stock?\n" }, { "role": "agent", "content": "771.0" } ]
CONVFINQA5521	[ { "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\nfor the year ended december 31 , 2005 , we realized net losses of $ 1 million on sales of available-for- sale securities . unrealized gains of $ 1 million were included in other comprehensive income at december 31 , 2004 , net of deferred taxes of less than $ 1 million , related to these sales . for the year ended december 31 , 2004 , we realized net gains of $ 26 million on sales of available-for- sale securities . unrealized gains of $ 11 million were included in other comprehensive income at december 31 , 2003 , net of deferred taxes of $ 7 million , related to these sales . note 13 . equity-based compensation the 2006 equity incentive plan was approved by shareholders in april 2006 , and 20000000 shares of common stock were approved for issuance for stock and stock-based awards , including stock options , stock appreciation rights , restricted stock , deferred stock and performance awards . in addition , up to 8000000 shares from our 1997 equity incentive plan , that were available to issue or become available due to cancellations and forfeitures , may be awarded under the 2006 plan . the 1997 plan expired on december 18 , 2006 . as of december 31 , 2006 , 1305420 shares from the 1997 plan have been added to and may be awarded from the 2006 plan . as of december 31 , 2006 , 106045 awards have been made under the 2006 plan . we have stock options outstanding from previous plans , including the 1997 plan , under which no further grants can be made . the exercise price of non-qualified and incentive stock options and stock appreciation rights may not be less than the fair value of such shares at the date of grant . stock options and stock appreciation rights issued under the 2006 plan and the prior 1997 plan generally vest over four years and expire no later than ten years from the date of grant . for restricted stock awards issued under the 2006 plan and the prior 1997 plan , stock certificates are issued at the time of grant and recipients have dividend and voting rights . in general , these grants vest over three years . for deferred stock awards issued under the 2006 plan and the prior 1997 plan , no stock is issued at the time of grant . generally , these grants vest over two- , three- or four-year periods . performance awards granted under the 2006 equity incentive plan and the prior 1997 plan are earned over a performance period based on achievement of goals , generally over two- to three- year periods . payment for performance awards is made in shares of our common stock or in cash equal to the fair market value of our common stock , based on certain financial ratios after the conclusion of each performance period . we record compensation expense , equal to the estimated fair value of the options on the grant date , on a straight-line basis over the options 2019 vesting period . we use a black-scholes option-pricing model to estimate the fair value of the options granted . the weighted-average assumptions used in connection with the option-pricing model were as follows for the years indicated. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>dividend yield</td><td>1.41% ( 1.41 % )</td><td>1.85% ( 1.85 % )</td><td>1.35% ( 1.35 % )</td></tr><tr><td>3</td><td>expected volatility</td><td>26.50</td><td>28.70</td><td>27.10</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>4.60</td><td>4.19</td><td>3.02</td></tr><tr><td>5</td><td>expected option lives ( in years )</td><td>7.8</td><td>7.8</td><td>5.0</td></tr></table> compensation expense related to stock options , stock appreciation rights , restricted stock awards , deferred stock awards and performance awards , which we record as a component of salaries and employee benefits expense in our consolidated statement of income , was $ 208 million , $ 110 million and $ 74 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . the related total income tax benefit recorded in our consolidated statement of income was $ 83 million , $ 44 million and $ 30 million for 2006 , 2005 and 2004 , respectively . seq 87 copyarea : 38 . x 54 . trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\\\fc\\\\delivery_1024177\\\\2771-1-do_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:11:13 2007 ( v 2.247w--stp1pae18 ) .\nQuestion: what was the net change in the value of employee benefit expense from 2004 to 2006?\nAnswer: 134.0\nQuestion: what is that net change over the 2004 value?\n" }, { "role": "agent", "content": "1.81081" } ]
CONVFINQA7034	[ { "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 notes to consolidated financial statements the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2004 , for the next five years are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2005</td><td>$ 467298</td></tr><tr><td>3</td><td>2006</td><td>$ 75896</td></tr><tr><td>4</td><td>2007</td><td>$ 199539</td></tr><tr><td>5</td><td>2008</td><td>$ 747246</td></tr><tr><td>6</td><td>2009</td><td>$ 512584</td></tr></table> in november 2000 , entergy's non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above . in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa . under a provision in a letter of credit supporting these notes , if certain of the domestic utility companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization . if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur . the long-term securities issuances of entergy corporation , entergy gulf states , entergy louisiana , entergy mississippi , and system energy also are limited to amounts authorized by the sec . under its current sec order , and without further authorization , entergy corporation cannot incur additional indebtedness or issue other securities unless ( a ) it and each of its public utility subsidiaries maintain a common equity ratio of at least 30% ( 30 % ) and ( b ) the security to be issued ( if rated ) and all outstanding securities of entergy corporation that are rated , are rated investment grade by at least one nationally recognized statistical rating agency . under their current sec orders , and without further authorization , entergy gulf states , entergy louisiana , and entergy mississippi cannot incur additional indebtedness or issue other securities unless ( a ) the issuer and entergy corporation maintains a common equity ratio of at least 30% ( 30 % ) and ( b ) the security to be issued ( if rated ) and all outstanding securities of the issuer ( other than preferred stock of entergy gulf states ) , as well as all outstanding securities of entergy corporation , that are rated , are rated investment grade . junior subordinated deferrable interest debentures and implementation of fin 46 entergy implemented fasb interpretation no . 46 , \"consolidation of variable interest entities\" effective december 31 , 2003 . fin 46 requires existing unconsolidated variable interest entities to be consolidated by their primary beneficiaries if the entities do not effectively disperse risks among their investors . variable interest entities ( vies ) , generally , are entities that do not have sufficient equity to permit the entity to finance its operations without additional financial support from its equity interest holders and/or the group of equity interest holders are collectively not able to exercise control over the entity . the primary beneficiary is the party that absorbs a majority of the entity's expected losses , receives a majority of its expected residual returns , or both as a result of holding the variable interest . a company may have an interest in a vie through ownership or other contractual rights or obligations . entergy louisiana capital i , entergy arkansas capital i , and entergy gulf states capital i ( trusts ) were established as financing subsidiaries of entergy louisiana , entergy arkansas , and entergy gulf states .\nQuestion: what was the amount of the long-term debt in the year of 2005, in thousands?\nAnswer: 467298.0\nQuestion: and what was it in 2006, also in thousands?\nAnswer: 75896.0\nQuestion: what was, then, in thousands, the total sum of the long-term debt in those two years?\nAnswer: 543194.0\nQuestion: and how much would that be in millions?\n" }, { "role": "agent", "content": "543.194" } ]
CONVFINQA8031	[ { "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\ntroubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 312014</td><td>december 312013</td></tr><tr><td>2</td><td>total consumer lending</td><td>$ 2041</td><td>$ 2161</td></tr><tr><td>3</td><td>total commercial lending</td><td>542</td><td>578</td></tr><tr><td>4</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr><tr><td>5</td><td>nonperforming</td><td>$ 1370</td><td>$ 1511</td></tr><tr><td>6</td><td>accruing ( a )</td><td>1083</td><td>1062</td></tr><tr><td>7</td><td>credit card</td><td>130</td><td>166</td></tr><tr><td>8</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr></table> ( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what were specific reserves in 2013?\nAnswer: 0.5\nQuestion: what were they in 2014?\nAnswer: 0.4\nQuestion: what is the sum?\n" }, { "role": "agent", "content": "0.9" } ]
CONVFINQA4231	[ { "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( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) . we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries . our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 . we operate in two business segments : rental and management and network development services . for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report . products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment . this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively . our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management . wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue . we also own and operate communications towers in india , where we commenced operations in the second half of 2007 . in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil . approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively . as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states . . . . . . . . . . . 19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors . mexico . . . . . . . . . . . . . . . . 2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco . brazil . . . . . . . . . . . . . . . . . 1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba . india . . . . . . . . . . . . . . . . . . 200 initial-phase coverage ( operations established in the second half of 2007 ) . we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax . paging and fixed microwave . our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa . our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil . for the year ended december 31 . <table class='wikitable'><tr><td>1</td><td>country</td><td>number of owned sites ( approx )</td><td>coverage area</td></tr><tr><td>2</td><td>united states</td><td>19400</td><td>coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors .</td></tr><tr><td>3</td><td>mexico</td><td>2500</td><td>coverage primarily concentrated in highly populated areas including mexico city monterrey guadalajara and acapulco .</td></tr><tr><td>4</td><td>brazil</td><td>1100</td><td>coverage primarily concentrated in major metropolitan areas in central and southern brazil including sao paulo rio de janeiro brasilia and curitiba .</td></tr><tr><td>5</td><td>india</td><td>200</td><td>initial-phase coverage ( operations established in the second half of 2007 ) .</td></tr></table> ( 201cati 201d ) and spectrasite communications , llc ( 201cspectrasite 201d ) . we conduct our international operations through our subsidiary , american tower international , inc. , which in turn conducts operations through its various international operating subsidiaries . our international operations consist primarily of our operations in mexico and brazil , and also include operations in india , which we established in the second half of 2007 . we operate in two business segments : rental and management and network development services . for more information about our business segments , as well as financial information about the geographic areas in which we operate , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 201d and note 18 to our consolidated financial statements included in this annual report . products and services rental and management our primary business is our communications site leasing business , which we conduct through our rental and management segment . this segment accounted for approximately 97% ( 97 % ) , 98% ( 98 % ) and 98% ( 98 % ) of our total revenues for the years ended december 31 , 2008 , 2007 and 2006 , respectively . our rental and management segment is comprised of our domestic and international site leasing business , including the operation of wireless communications towers , broadcast communications towers and das networks , as well as rooftop management . wireless communications towers.we are a leading owner and operator of wireless communications towers in the united states , mexico and brazil , based on number of towers and revenue . we also own and operate communications towers in india , where we commenced operations in the second half of 2007 . in addition to owned wireless communications towers , we also manage wireless communications sites for property owners in the united states , mexico and brazil . approximately 92% ( 92 % ) , 91% ( 91 % ) and 91% ( 91 % ) of our rental and management segment revenue was attributable to our wireless communications towers for the years ended december 31 , 2008 , 2007 and 2006 , respectively . as of december 31 , 2008 , our wireless communications tower portfolio included the following : country number of owned sites ( approx ) coverage area united states . . . . . . . . . . . 19400 coverage spans 49 states and the district of columbia ; 90% ( 90 % ) of network provides coverage in the top 100 markets or core areas such as high traffic interstate corridors . mexico . . . . . . . . . . . . . . . . 2500 coverage primarily concentrated in highly populated areas , including mexico city , monterrey , guadalajara and acapulco . brazil . . . . . . . . . . . . . . . . . 1100 coverage primarily concentrated in major metropolitan areas in central and southern brazil , including sao paulo , rio de janeiro , brasilia and curitiba . india . . . . . . . . . . . . . . . . . . 200 initial-phase coverage ( operations established in the second half of 2007 ) . we lease space on our wireless communications towers to customers in a diverse range of wireless industries , including personal communications services , cellular , enhanced specialized mobile radio , wimax . paging and fixed microwave . our major domestic wireless customers include at&t mobility , sprint nextel , verizon wireless ( which completed its merger with alltel in january 2009 ) and t-mobile usa . our major international wireless customers include grupo iusacell ( iusacell celular and unefon in mexico ) , nextel international in mexico and brazil , telefonica ( movistar in mexico and vivo in brazil ) , america movil ( telcel in mexico and claro in brazil ) and telecom italia mobile ( tim ) in brazil . for the year ended december 31 .\nQuestion: what is the total number of owned sites in united states and mexico, combined?\nAnswer: 21900.0\nQuestion: including brazil, what would then be the total number of owned sites for the three countries?\nAnswer: 23000.0\nQuestion: and including india, what then becomes the total number of owned sites?\nAnswer: 23200.0\nQuestion: what is that number for the us?\n" }, { "role": "agent", "content": "19400.0" } ]
CONVFINQA5838	[ { "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\nbased on the foregoing evaluation of management performance , the personnel committee approved the following annual incentive plan payouts to each named executive officer for 2017 : named executive officer base salary target as percentage of base salary payout as percentage of target 2017 annual incentive award . <table class='wikitable'><tr><td>1</td><td>named executive officer</td><td>base salary</td><td>target as percentage of base salary</td><td>payout as percentage of target</td><td>2017 annualincentive award</td></tr><tr><td>2</td><td>a . christopher bakken iii</td><td>$ 620125</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 559973</td></tr><tr><td>3</td><td>marcus v . brown</td><td>$ 630000</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 568890</td></tr><tr><td>4</td><td>leo p . denault</td><td>$ 1230000</td><td>135% ( 135 % )</td><td>129% ( 129 % )</td><td>$ 2142045</td></tr><tr><td>5</td><td>haley r . fisackerly</td><td>$ 355300</td><td>40% ( 40 % )</td><td>119% ( 119 % )</td><td>$ 169123</td></tr><tr><td>6</td><td>andrew s . marsh</td><td>$ 600000</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 541800</td></tr><tr><td>7</td><td>phillip r . may jr .</td><td>$ 366150</td><td>60% ( 60 % )</td><td>137% ( 137 % )</td><td>$ 300000</td></tr><tr><td>8</td><td>sallie t . rainer</td><td>$ 328275</td><td>40% ( 40 % )</td><td>119% ( 119 % )</td><td>$ 156259</td></tr><tr><td>9</td><td>charles l . rice jr .</td><td>$ 286424</td><td>40% ( 40 % )</td><td>79% ( 79 % )</td><td>$ 91000</td></tr><tr><td>10</td><td>richard c . riley</td><td>$ 344200</td><td>40% ( 40 % )</td><td>204% ( 204 % )</td><td>$ 280661</td></tr><tr><td>11</td><td>roderick k . west</td><td>$ 675598</td><td>70% ( 70 % )</td><td>129% ( 129 % )</td><td>$ 610065</td></tr></table> nuclear retention plan mr . a0bakken participates in the nuclear retention plan , a retention plan for officers and other leaders with expertise in the nuclear industry . the personnel committee authorized this plan to attract and retain key management and employee talent in the nuclear power field , a field that requires unique technical and other expertise that is in great demand in the utility industry . the plan provides for bonuses to be paid annually over a three-year employment period with the bonus opportunity dependent on the participant 2019s management level and continued employment . each annual payment is equal to an amount ranging from 15% ( 15 % ) to 30% ( 30 % ) of the employee 2019s base salary as of their date of enrollment in the plan . mr . a0bakken 2019s participation in the plan commenced in may 2016 and in accordance with the terms and conditions of the plan , in may 2017 , 2018 , and 2019 , subject to his continued employment , mr . a0bakken will receive a cash bonus equal to 30% ( 30 % ) of his base salary as of may a01 , 2016 . this plan does not allow for accelerated or prorated payout upon termination of any kind . the three-year coverage period and percentage of base salary payable under the plan are consistent with the terms of participation of other senior nuclear officers who participate in this plan . in may 2017 , mr . bakken received a cash bonus of $ 181500 which equaled 30% ( 30 % ) of his may a01 , 2016 , base salary of $ 605000 . long-term incentive compensation entergy corporation 2019s goal for its long-term incentive compensation is to focus the executive officers on building shareholder value and to increase the executive officers 2019 ownership of entergy corporation 2019s common stock in order to more closely align their interest with those of entergy corporation 2019s shareholders . in its long-term incentive compensation programs , entergy corporation uses a mix of performance units , restricted stock , and stock options . performance units are used to deliver more than a majority of the total target long-term incentive awards . for periods through the end of 2017 , performance units reward the named executive officers on the basis of total shareholder return , which is a measure of stock price appreciation and dividend payments , in relation to the companies in the philadelphia utility index . beginning with the 2018-2020 performance period , a cumulative utility earnings metric has been added to the long-term performance unit program to supplement the relative total shareholder return measure that historically has been used in this program with each measure equally weighted . restricted stock ties the executive officers 2019 long-term financial interest to the long-term financial interests of entergy corporation 2019s shareholders . stock options provide a direct incentive to increase the value of entergy corporation 2019s common stock . in general , entergy corporation seeks to allocate the total value of long-term incentive compensation 60% ( 60 % ) to performance units and 40% ( 40 % ) to a combination of stock options and restricted stock , equally divided in value , based on the value the compensation model seeks to deliver . awards for individual named executive officers may vary from this target as a result of individual performance , promotions , and internal pay equity . the performance units for the 2015-2017 performance period were awarded under the 2011 equity ownership plan and long-term cash incentive plan ( the 201c2011 equity ownership plan 201d ) and the performance units for the .\nQuestion: in the year of 2017, what was the difference between the highest and the second highest base salary?\nAnswer: 554402.0\nQuestion: and what was the difference between the highest and the lowest one?\n" }, { "role": "agent", "content": "943576.0" } ]
CONVFINQA6220	[ { "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\nimpairment of long-lived assets , goodwill and intangible assets - we assess our long-lived assets for impairment based on statement 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d a long-lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying amount may exceed its fair value . fair values are based on the sum of the undiscounted future cash flows expected to result from the use and eventual disposition of the assets . we assess our goodwill and intangible assets for impairment at least annually based on statement 142 , 201cgoodwill and other intangible assets . 201d there were no impairment charges resulting from the july 1 , 2007 , impairment tests and no events indicating an impairment have occurred subsequent to that date . an initial assessment is made by comparing the fair value of the operations with goodwill , as determined in accordance with statement 142 , to the book value of each reporting unit . if the fair value is less than the book value , an impairment is indicated , and we must perform a second test to measure the amount of the impairment . in the second test , we calculate the implied fair value of the goodwill by deducting the fair value of all tangible and intangible net assets of the operations with goodwill from the fair value determined in step one of the assessment . if the carrying value of the goodwill exceeds this calculated implied fair value of the goodwill , we will record an impairment charge . at december 31 , 2007 , we had $ 600.7 million of goodwill recorded on our consolidated balance sheet as shown below. . <table class='wikitable'><tr><td>1</td><td>-</td><td>( thousands of dollars )</td></tr><tr><td>2</td><td>oneok partners</td><td>$ 431418</td></tr><tr><td>3</td><td>distribution</td><td>157953</td></tr><tr><td>4</td><td>energy services</td><td>10255</td></tr><tr><td>5</td><td>other</td><td>1099</td></tr><tr><td>6</td><td>total goodwill</td><td>$ 600725</td></tr></table> ( thousands of dollars ) intangible assets with a finite useful life are amortized over their estimated useful life , while intangible assets with an indefinite useful life are not amortized . all intangible assets are subject to impairment testing . our oneok partners segment had $ 443.0 million of intangible assets recorded on our consolidated balance sheet as of december 31 , 2007 , of which $ 287.5 million is being amortized over an aggregate weighted-average period of 40 years , while the remaining balance has an indefinite life . during 2006 , we recorded a goodwill and asset impairment related to oneok partners 2019 black mesa pipeline of $ 8.4 million and $ 3.6 million , respectively , which were recorded as depreciation and amortization . the reduction to our net income , net of minority interests and income taxes , was $ 3.0 million . in the third quarter of 2005 , we made the decision to sell our spring creek power plant , located in oklahoma , and exit the power generation business . in october 2005 , we concluded that our spring creek power plant had been impaired and recorded an impairment expense of $ 52.2 million . this conclusion was based on our statement 144 impairment analysis of the results of operations for this plant through september 30 , 2005 , and also the net sales proceeds from the anticipated sale of the plant . the sale was completed on october 31 , 2006 . this component of our business is accounted for as discontinued operations in accordance with statement 144 . see 201cdiscontinued operations 201d on page 46 for additional information . our total unamortized excess cost over underlying fair value of net assets accounted for under the equity method was $ 185.6 million as of december 31 , 2007 and 2006 . based on statement 142 , this amount , referred to as equity method goodwill , should continue to be recognized in accordance with apb opinion no . 18 , 201cthe equity method of accounting for investments in common stock . 201d accordingly , we included this amount in investment in unconsolidated affiliates on our accompanying consolidated balance sheets . pension and postretirement employee benefits - we have defined benefit retirement plans covering certain full-time employees . we sponsor welfare plans that provide postretirement medical and life insurance benefits to certain employees who retire with at least five years of service . our actuarial consultant calculates the expense and liability related to these plans and uses statistical and other factors that attempt to anticipate future events . these factors include assumptions about the discount rate , expected return on plan assets , rate of future compensation increases , age and employment periods . in determining the projected benefit obligations and costs , assumptions can change from period to period and result in material changes in the costs and liabilities we recognize . see note j of the notes to consolidated financial statements in this annual report on form 10-k for additional information. .\nQuestion: what is the goodwill value from oneok partners?\nAnswer: 431418.0\nQuestion: what about the total goodwill?\nAnswer: 600725.0\nQuestion: what proportion of total goodwill is related to oneok partners?\nAnswer: 0.71816\nQuestion: what about the goodwill value from energy services?\nAnswer: 10255.0\nQuestion: what portion of total goodwill is related to energy services?\n" }, { "role": "agent", "content": "0.01707" } ]
CONVFINQA3985	[ { "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\nequity equity at december 31 , 2014 was $ 6.6 billion , a decrease of $ 1.6 billion from december 31 , 2013 . the decrease resulted primarily due to share repurchases of $ 2.3 billion , $ 273 million of dividends to shareholders , and an increase in accumulated other comprehensive loss of $ 760 million , partially offset by net income of $ 1.4 billion . the $ 760 million increase in accumulated other comprehensive loss from december 31 , 2013 , primarily reflects the following : 2022 negative net foreign currency translation adjustments of $ 504 million , which are attributable to the strengthening of the u.s . dollar against certain foreign currencies , 2022 an increase of $ 260 million in net post-retirement benefit obligations , 2022 net derivative gains of $ 5 million , and 2022 net investment losses of $ 1 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>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>revenue</td><td>$ 7834</td><td>$ 7789</td><td>$ 7632</td></tr><tr><td>3</td><td>operating income</td><td>1648</td><td>1540</td><td>1493</td></tr><tr><td>4</td><td>operating margin</td><td>21.0% ( 21.0 % )</td><td>19.8% ( 19.8 % )</td><td>19.6% ( 19.6 % )</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 with employment levels , corporate revenue and asset values . during 2014 , pricing was flat on average globally , and we would still consider this to be a \"soft market.\" in a soft market , premium rates flatten or decrease , along with commission revenues , due to increased competition for market share among insurance carriers or increased underwriting capacity . changes in premiums have a direct and potentially material impact on the insurance brokerage industry , as commission revenues are generally based on a percentage of the premiums paid by insureds . additionally , continuing through 2014 , we faced difficult conditions as a result of continued weakness in the global economy , the repricing of credit risk and the deterioration of the financial markets . weak economic conditions in many markets around the globe have reduced our customers' demand for our retail brokerage and reinsurance brokerage products , which have had a negative impact on our operational results . risk solutions generated approximately 65% ( 65 % ) of our consolidated total revenues in 2014 . revenues are generated primarily through fees paid by clients , commissions and fees paid by insurance and reinsurance companies , and investment income on funds held on behalf of clients . our revenues vary from quarter to quarter throughout the year as a result of the timing of our clients' policy renewals , the net effect of new and lost business , the timing of services provided to our clients , and the income we earn on investments , which is heavily influenced by short-term interest rates . we operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms , as well as with individual brokers , agents , and direct writers of insurance coverage . specifically , we address the highly specialized .\nQuestion: what was the net change in revenue from 2013 to 2014?\nAnswer: 45.0\nQuestion: what was net revenue in 2013?\nAnswer: 7789.0\nQuestion: what was the percent change?\n" }, { "role": "agent", "content": "0.00578" } ]
CONVFINQA4504	[ { "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 . 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 , 2009 . 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>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>215.0</td><td>227.3</td><td>235.5</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>0.8</td><td>1.0</td><td>2.0</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>215.8</td><td>228.3</td><td>237.5</td></tr></table> weighted average shares outstanding for basic net earnings per share 215.0 227.3 235.5 effect of dilutive stock options and other equity awards 0.8 1.0 2.0 weighted average shares outstanding for diluted net earnings per share 215.8 228.3 237.5 for the year ended december 31 , 2009 , an average of 14.3 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 , 2008 and 2007 , an average of 11.2 million and 3.1 million options , respectively , were not included . during 2009 , we repurchased approximately 19.8 million shares of our common stock at an average price of $ 46.56 per share for a total cash outlay of $ 923.7 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which was originally set to expire on december 31 , 2009 . in september 2009 , the board of directors extended this program to december 31 , 2010 . approximately $ 211.1 million remains authorized for future repurchases under this plan . 15 . segment data we design , develop , manufacture and market orthopaedic reconstructive implants , dental implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in 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 reportable 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 , realignment and other expenses , net curtailment and settlement , 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 9 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c55340 pcn : 060000000 *%%pcmsg\|60 \|00007\|yes\|no\|02/24/2010 01:32\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what was the net change in weighted shares outstanding for basic net earnings per share from 2007 to 2009?\nAnswer: -20.5\nQuestion: what was the number of shares outstanding in 2007?\n" }, { "role": "agent", "content": "235.5" } ]
CONVFINQA5561	[ { "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\n17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 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 , 2017 , 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>2018</td><td>$ 398</td><td>$ 173</td></tr><tr><td>3</td><td>2019</td><td>359</td><td>156</td></tr><tr><td>4</td><td>2020</td><td>297</td><td>164</td></tr><tr><td>5</td><td>2021</td><td>259</td><td>168</td></tr><tr><td>6</td><td>2022</td><td>221</td><td>147</td></tr><tr><td>7</td><td>later years</td><td>1115</td><td>271</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 2649</td><td>$ 1079</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-187 ( 187 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 892</td></tr></table> approximately 97% ( 97 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 480 million in 2017 , $ 535 million in 2016 , and $ 590 million in 2015 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 95% ( 95 % ) of the recorded liability is related to asserted claims and approximately 5% ( 5 % ) is related to unasserted claims at december 31 , 2017 . 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 approximately $ 285 million to $ 310 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .\nQuestion: what is the total value of operating leases?\nAnswer: 2649.0\nQuestion: what is the total value of capital leases?\n" }, { "role": "agent", "content": "1079.0" } ]
CONVFINQA3560	[ { "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 , the company closed on thirteen acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $ 9 . assets acquired , principally plant , totaled $ 17 . liabilities assumed totaled $ 8 , including $ 5 of contributions in aid of construction and assumed debt of $ 2 . during 2013 , the company closed on fifteen acquisitions of various regulated water and wastewater systems for a total aggregate net purchase price of $ 24 . assets acquired , primarily utility plant , totaled $ 67 . liabilities assumed totaled $ 43 , including $ 26 of contributions in aid of construction and assumed debt of $ 13 . included in these totals was the company 2019s november 14 , 2013 acquisition of all of the capital stock of dale service corporation ( 201cdale 201d ) , a regulated wastewater utility company , for a total cash purchase price of $ 5 ( net of cash acquired of $ 7 ) , plus assumed liabilities . the dale acquisition was accounted for as a business combination ; accordingly , operating results from november 14 , 2013 were included in the company 2019s results of operations . the purchase price was allocated to the net tangible and intangible assets based upon their estimated fair values at the date of acquisition . the company 2019s regulatory practice was followed whereby property , plant and equipment ( rate base ) was considered fair value for business combination purposes . similarly , regulatory assets and liabilities acquired were recorded at book value and are subject to regulatory approval where applicable . the acquired debt was valued in a manner consistent with the company 2019s level 3 debt . see note 17 2014fair value of financial instruments . non-cash assets acquired in the dale acquisition , primarily utility plant , totaled $ 41 ; liabilities assumed totaled $ 36 , including debt assumed of $ 13 and contributions of $ 19 . divestitures in november 2014 , the company completed the sale of terratec , previously included in the market-based businesses . after post-close adjustments , net proceeds from the sale totaled $ 1 , and the company recorded a pretax loss on sale of $ 1 . the following table summarizes the operating results of discontinued operations presented in the accompanying consolidated statements of operations for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>operating revenues</td><td>$ 13</td><td>$ 23</td></tr><tr><td>3</td><td>total operating expenses net</td><td>19</td><td>26</td></tr><tr><td>4</td><td>loss from discontinued operations before income taxes</td><td>-6 ( 6 )</td><td>-3 ( 3 )</td></tr><tr><td>5</td><td>provision ( benefit ) for income taxes</td><td>1</td><td>-1 ( 1 )</td></tr><tr><td>6</td><td>loss from discontinued operations net of tax</td><td>$ -7 ( 7 )</td><td>$ -2 ( 2 )</td></tr></table> the provision for income taxes of discontinued operations includes the recognition of tax expense related to the difference between the tax basis and book basis of assets upon the sales of terratec that resulted in taxable gains , since an election was made under section 338 ( h ) ( 10 ) of the internal revenue code to treat the sales as asset sales . there were no assets or liabilities of discontinued operations in the accompanying consolidated balance sheets as of december 31 , 2015 and 2014. .\nQuestion: what was the change in operating profits from 2013 to 2014?\nAnswer: -10.0\nQuestion: and what were the total operating profits in 2013?\nAnswer: 23.0\nQuestion: how much, then, does that change represent in relation to this 2013 total?\n" }, { "role": "agent", "content": "-0.43478" } ]
CONVFINQA1716	[ { "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\nkimco realty corporation and subsidiaries notes to consolidated financial statements , continued investment in retail store leases 2014 the company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers . these premises have been sublet to retailers who lease the stores pursuant to net lease agreements . income from the investment in these retail store leases during the years ended december 31 , 2010 , 2009 and 2008 , was approximately $ 1.6 million , $ 0.8 million and $ 2.7 million , respectively . these amounts represent sublease revenues during the years ended december 31 , 2010 , 2009 and 2008 , of approximately $ 5.9 million , $ 5.2 million and $ 7.1 million , respectively , less related expenses of $ 4.3 million , $ 4.4 million and $ 4.4 million , respectively . the company 2019s future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases , assuming no new or renegotiated leases are executed for such premises , for future years are as follows ( in millions ) : 2011 , $ 5.2 and $ 3.4 ; 2012 , $ 4.1 and $ 2.6 ; 2013 , $ 3.8 and $ 2.3 ; 2014 , $ 2.9 and $ 1.7 ; 2015 , $ 2.1 and $ 1.3 , and thereafter , $ 2.8 and $ 1.6 , respectively . leveraged lease 2014 during june 2002 , the company acquired a 90% ( 90 % ) equity participation interest in an existing leveraged lease of 30 properties . the properties are leased under a long-term bond-type net lease whose primary term expires in 2016 , with the lessee having certain renewal option rights . the company 2019s cash equity investment was approximately $ 4.0 million . this equity investment is reported as a net investment in leveraged lease in accordance with the fasb 2019s lease guidance . as of december 31 , 2010 , 18 of these properties were sold , whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $ 31.2 million and the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $ 33.4 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease . as an equity participant in the leveraged lease , the company has no recourse obligation for principal or interest payments on the debt , which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease . accordingly , this obligation has been offset against the related net rental receivable under the lease . at december 31 , 2010 and 2009 , the company 2019s net investment in the leveraged lease consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>remaining net rentals</td><td>$ 37.6</td><td>$ 44.1</td></tr><tr><td>3</td><td>estimated unguaranteed residual value</td><td>31.7</td><td>31.7</td></tr><tr><td>4</td><td>non-recourse mortgage debt</td><td>-30.1 ( 30.1 )</td><td>-34.5 ( 34.5 )</td></tr><tr><td>5</td><td>unearned and deferred income</td><td>-34.2 ( 34.2 )</td><td>-37.0 ( 37.0 )</td></tr><tr><td>6</td><td>net investment in leveraged lease</td><td>$ 5.0</td><td>$ 4.3</td></tr></table> 10 . variable interest entities : consolidated operating properties 2014 included within the company 2019s consolidated operating properties at december 31 , 2010 are four consolidated entities that are vies and for which the company is the primary beneficiary . all of these entities have been established to own and operate real estate property . the company 2019s involvement with these entities is through its majority ownership of the properties . these entities were deemed vies primarily based on the fact that the voting rights of the equity investors are not proportional to their obligation to absorb expected losses or receive the expected residual returns of the entity and substantially all of the entity 2019s activities are conducted on behalf of the investor which has disproportionately fewer voting rights . the company determined that it was the primary beneficiary of these vies as a result of its controlling financial interest . during 2010 , the company sold two consolidated vie 2019s which the company was the primary beneficiary. .\nQuestion: what was sublease revenue in 2010?\nAnswer: 5.9\nQuestion: what was it in 2009?\nAnswer: 5.2\nQuestion: what is the sum?\nAnswer: 11.1\nQuestion: what is the total sum including 2008?\n" }, { "role": "agent", "content": "18.2" } ]
CONVFINQA631	[ { "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 goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues the table below presents net revenues by line item. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2018</td><td>year ended december 2017</td><td>year ended december 2016</td></tr><tr><td>2</td><td>investment banking</td><td>$ 7862</td><td>$ 7371</td><td>$ 6273</td></tr><tr><td>3</td><td>investment management</td><td>6514</td><td>5803</td><td>5407</td></tr><tr><td>4</td><td>commissions and fees</td><td>3199</td><td>3051</td><td>3208</td></tr><tr><td>5</td><td>market making</td><td>9451</td><td>7660</td><td>9933</td></tr><tr><td>6</td><td>other principal transactions</td><td>5823</td><td>5913</td><td>3382</td></tr><tr><td>7</td><td>totalnon-interestrevenues</td><td>32849</td><td>29798</td><td>28203</td></tr><tr><td>8</td><td>interest income</td><td>19679</td><td>13113</td><td>9691</td></tr><tr><td>9</td><td>interest expense</td><td>15912</td><td>10181</td><td>7104</td></tr><tr><td>10</td><td>net interest income</td><td>3767</td><td>2932</td><td>2587</td></tr><tr><td>11</td><td>total net revenues</td><td>$ 36616</td><td>$ 32730</td><td>$ 30790</td></tr></table> in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments . these activities are included in our investment banking segment . 2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families . these activities are included in our investment management segment . 2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions . these activities are included in our institutional client services and investment management segments . 2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products . these activities are included in our institutional client services segment . 2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients . in addition , other principal transactions includes revenues related to our consolidated investments . these activities are included in our investing & lending segment . provision for credit losses , previously reported in other principal transactions revenues , is now reported as a separate line item in the consolidated statements of earnings . previously reported amounts have been conformed to the current presentation . operating environment . during 2018 , our market- making activities reflected generally higher levels of volatility and improved client activity , compared with a low volatility environment in 2017 . in investment banking , industry-wide mergers and acquisitions volumes increased compared with 2017 , while industry-wide underwriting transactions decreased . our other principal transactions revenues benefited from company-specific events , including sales , and strong corporate performance , while investments in public equities reflected losses , as global equity prices generally decreased in 2018 , particularly towards the end of the year . in investment management , our assets under supervision increased reflecting net inflows in liquidity products , fixed income assets and equity assets , partially offset by depreciation in client assets , primarily in equity assets . if market-making or investment banking activity levels decline , or assets under supervision decline , or asset prices continue to decline , net revenues would likely be negatively impacted . see 201csegment operating results 201d for further information about the operating environment and material trends and uncertainties that may impact our results of operations . during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions . however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities . 2018 versus 2017 net revenues in the consolidated statements of earnings were $ 36.62 billion for 2018 , 12% ( 12 % ) higher than 2017 , primarily due to significantly higher market making revenues and net interest income , as well as higher investment management revenues and investment banking revenues . non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.86 billion for 2018 , 7% ( 7 % ) higher than 2017 . revenues in financial advisory were higher , reflecting an increase in industry-wide completed mergers and acquisitions volumes . revenues in underwriting were slightly higher , due to significantly higher revenues in equity underwriting , driven by initial public offerings , partially offset by lower revenues in debt underwriting , reflecting a decline in leveraged finance activity . investment management revenues in the consolidated statements of earnings were $ 6.51 billion for 2018 , 12% ( 12 % ) higher than 2017 , primarily due to significantly higher incentive fees , as a result of harvesting . management and other fees were also higher , reflecting higher average assets under supervision and the impact of the recently adopted revenue recognition standard , partially offset by shifts in the mix of client assets and strategies . see note 3 to the consolidated financial statements for further information about asu no . 2014-09 , 201crevenue from contracts with customers ( topic 606 ) . 201d 52 goldman sachs 2018 form 10-k .\nQuestion: what was the total net revenues for 2018?\nAnswer: 36616.0\nQuestion: and for 2017?\nAnswer: 32730.0\nQuestion: so what was the difference in this value between the two years?\nAnswer: 3886.0\nQuestion: and the value for 2017 again?\nAnswer: 32730.0\nQuestion: so what was the growth rate?\n" }, { "role": "agent", "content": "0.11873" } ]
CONVFINQA4254	[ { "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\nmastercard incorporated notes to consolidated financial statements 2014continued the municipal bond portfolio is comprised of tax exempt bonds and is diversified across states and sectors . the portfolio has an average credit quality of double-a . the short-term bond funds invest in fixed income securities , including corporate bonds , mortgage-backed securities and asset-backed securities . the company holds investments in ars . interest on these securities is exempt from u.s . federal income tax and the interest rate on the securities typically resets every 35 days . the securities are fully collateralized by student loans with guarantees , ranging from approximately 95% ( 95 % ) to 98% ( 98 % ) of principal and interest , by the u.s . government via the department of education . beginning on february 11 , 2008 , the auction mechanism that normally provided liquidity to the ars investments began to fail . since mid-february 2008 , all investment positions in the company 2019s ars investment portfolio have experienced failed auctions . the securities for which auctions have failed have continued to pay interest in accordance with the contractual terms of such instruments and will continue to accrue interest and be auctioned at each respective reset date until the auction succeeds , the issuer redeems the securities or they mature . during 2008 , ars were reclassified as level 3 from level 2 . as of december 31 , 2010 , the ars market remained illiquid , but issuer call and redemption activity in the ars student loan sector has occurred periodically since the auctions began to fail . during 2010 and 2009 , the company did not sell any ars in the auction market , but there were calls at par . the table below includes a roll-forward of the company 2019s ars investments from january 1 , 2009 to december 31 , 2010 . significant unobservable inputs ( level 3 ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>significant unobservable inputs ( level 3 ) ( in millions )</td></tr><tr><td>2</td><td>fair value december 31 2008</td><td>$ 192</td></tr><tr><td>3</td><td>calls at par</td><td>-28 ( 28 )</td></tr><tr><td>4</td><td>recovery of unrealized losses due to issuer calls</td><td>5</td></tr><tr><td>5</td><td>increase in fair value</td><td>11</td></tr><tr><td>6</td><td>fair value december 31 2009</td><td>180</td></tr><tr><td>7</td><td>calls at par</td><td>-94 ( 94 )</td></tr><tr><td>8</td><td>recovery of unrealized losses due to issuer calls</td><td>13</td></tr><tr><td>9</td><td>increase in fair value</td><td>7</td></tr><tr><td>10</td><td>fair value december 31 2010</td><td>$ 106</td></tr></table> the company evaluated the estimated impairment of its ars portfolio to determine if it was other-than- temporary . the company considered several factors including , but not limited to , the following : ( 1 ) the reasons for the decline in value ( changes in interest rates , credit event , or market fluctuations ) ; ( 2 ) assessments as to whether it is more likely than not that it will hold and not be required to sell the investments for a sufficient period of time to allow for recovery of the cost basis ; ( 3 ) whether the decline is substantial ; and ( 4 ) the historical and anticipated duration of the events causing the decline in value . the evaluation for other-than-temporary impairments is a quantitative and qualitative process , which is subject to various risks and uncertainties . the risks and uncertainties include changes in credit quality , market liquidity , timing and amounts of issuer calls and interest rates . as of december 31 , 2010 , the company believed that the unrealized losses on the ars were not related to credit quality but rather due to the lack of liquidity in the market . the company believes that it is more .\nQuestion: what was the total of significant unobservable inputs in 2009?\nAnswer: 180.0\nQuestion: and what was that total in 2008?\n" }, { "role": "agent", "content": "192.0" } ]
CONVFINQA9245	[ { "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 192 jpmorgan chase & co . / 2008 annual report consolidation analysis the multi-seller conduits administered by the firm were not consoli- dated at december 31 , 2008 and 2007 , because each conduit had issued expected loss notes ( 201celns 201d ) , the holders of which are com- mitted to absorbing the majority of the expected loss of each respective conduit . implied support the firm did not have and continues not to have any intent to pro- tect any eln holders from potential losses on any of the conduits 2019 holdings and has no plans to remove any assets from any conduit unless required to do so in its role as administrator . should such a transfer occur , the firm would allocate losses on such assets between itself and the eln holders in accordance with the terms of the applicable eln . expected loss modeling in determining the primary beneficiary of the conduits the firm uses a monte carlo 2013based model to estimate the expected losses of each of the conduits and considers the relative rights and obliga- tions of each of the variable interest holders . the firm 2019s expected loss modeling treats all variable interests , other than the elns , as its own to determine consolidation . the variability to be considered in the modeling of expected losses is based on the design of the enti- ty . the firm 2019s traditional multi-seller conduits are designed to pass credit risk , not liquidity risk , to its variable interest holders , as the assets are intended to be held in the conduit for the longer term . under fin 46 ( r ) , the firm is required to run the monte carlo-based expected loss model each time a reconsideration event occurs . in applying this guidance to the conduits , the following events , are considered to be reconsideration events , as they could affect the determination of the primary beneficiary of the conduits : 2022 new deals , including the issuance of new or additional variable interests ( credit support , liquidity facilities , etc ) ; 2022 changes in usage , including the change in the level of outstand- ing variable interests ( credit support , liquidity facilities , etc ) ; 2022 modifications of asset purchase agreements ; and 2022 sales of interests held by the primary beneficiary . from an operational perspective , the firm does not run its monte carlo-based expected loss model every time there is a reconsideration event due to the frequency of their occurrence . instead , the firm runs its expected loss model each quarter and includes a growth assump- tion for each conduit to ensure that a sufficient amount of elns exists for each conduit at any point during the quarter . as part of its normal quarterly modeling , the firm updates , when applicable , the inputs and assumptions used in the expected loss model . specifically , risk ratings and loss given default assumptions are continually updated . the total amount of expected loss notes out- standing at december 31 , 2008 and 2007 , were $ 136 million and $ 130 million , respectively . management has concluded that the model assumptions used were reflective of market participants 2019 assumptions and appropriately considered the probability of changes to risk ratings and loss given defaults . qualitative considerations the multi-seller conduits are primarily designed to provide an effi- cient means for clients to access the commercial paper market . the firm believes the conduits effectively disperse risk among all parties and that the preponderance of the economic risk in the firm 2019s multi- seller conduits is not held by jpmorgan chase . consolidated sensitivity analysis on capital the table below shows the impact on the firm 2019s reported assets , lia- bilities , tier 1 capital ratio and tier 1 leverage ratio if the firm were required to consolidate all of the multi-seller conduits that it admin- isters at their current carrying value . december 31 , 2008 ( in billions , except ratios ) reported pro forma ( a ) ( b ) . <table class='wikitable'><tr><td>1</td><td>( in billions except ratios )</td><td>reported</td><td>pro forma ( a ) ( b )</td></tr><tr><td>2</td><td>assets</td><td>$ 2175.1</td><td>$ 2218.2</td></tr><tr><td>3</td><td>liabilities</td><td>2008.2</td><td>2051.3</td></tr><tr><td>4</td><td>tier 1 capital ratio</td><td>10.9% ( 10.9 % )</td><td>10.9% ( 10.9 % )</td></tr><tr><td>5</td><td>tier 1 leverage ratio</td><td>6.9</td><td>6.8</td></tr></table> ( a ) the table shows the impact of consolidating the assets and liabilities of the multi- seller conduits at their current carrying value ; as such , there would be no income statement or capital impact at the date of consolidation . if the firm were required to consolidate the assets and liabilities of the conduits at fair value , the tier 1 capital ratio would be approximately 10.8% ( 10.8 % ) . the fair value of the assets is primarily based upon pricing for comparable transactions . the fair value of these assets could change significantly because the pricing of conduit transactions is renegotiated with the client , generally , on an annual basis and due to changes in current market conditions . ( b ) consolidation is assumed to occur on the first day of the quarter , at the quarter-end levels , in order to provide a meaningful adjustment to average assets in the denomi- nator of the leverage ratio . the firm could fund purchases of assets from vies should it become necessary . 2007 activity in july 2007 , a reverse repurchase agreement collateralized by prime residential mortgages held by a firm-administered multi-seller conduit was put to jpmorgan chase under its deal-specific liquidity facility . the asset was transferred to and recorded by jpmorgan chase at its par value based on the fair value of the collateral that supported the reverse repurchase agreement . during the fourth quarter of 2007 , additional information regarding the value of the collateral , including performance statistics , resulted in the determi- nation by the firm that the fair value of the collateral was impaired . impairment losses were allocated to the eln holder ( the party that absorbs the majority of the expected loss from the conduit ) in accor- dance with the contractual provisions of the eln note . on october 29 , 2007 , certain structured cdo assets originated in the second quarter of 2007 and backed by subprime mortgages were transferred to the firm from two firm-administered multi-seller conduits . it became clear in october that commercial paper investors and rating agencies were becoming increasingly concerned about cdo assets backed by subprime mortgage exposures . because of these concerns , and to ensure the continuing viability of the two conduits as financing vehicles for clients and as investment alternatives for commercial paper investors , the firm , in its role as administrator , transferred the cdo assets out of the multi-seller con- duits . the structured cdo assets were transferred to the firm at .\nQuestion: what is the balance of reported liabilities?\nAnswer: 2008.2\nQuestion: what about the balance of assets?\nAnswer: 2175.1\nQuestion: what is the debt-to-assets ratio?\n" }, { "role": "agent", "content": "0.92327" } ]
CONVFINQA6301	[ { "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\napply as it has no impact on plan obligations . for 2015 , the healthcare trend rate was 7% ( 7 % ) , the ultimate trend rate was 5% ( 5 % ) , and the year the ultimate trend rate is reached was 2019 . projected benefit payments are as follows: . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 11.5</td></tr><tr><td>2</td><td>2018</td><td>11.0</td></tr><tr><td>3</td><td>2019</td><td>10.7</td></tr><tr><td>4</td><td>2020</td><td>10.2</td></tr><tr><td>5</td><td>2021</td><td>9.7</td></tr><tr><td>6</td><td>2022 20132026</td><td>35.3</td></tr></table> these estimated benefit payments are based on assumptions about future events . actual benefit payments may vary significantly from these estimates . 17 . commitments and contingencies litigation we are involved in various legal proceedings , including commercial , competition , environmental , health , safety , product liability , and insurance matters . in september 2010 , the brazilian administrative council for economic defense ( cade ) issued a decision against our brazilian subsidiary , air products brasil ltda. , and several other brazilian industrial gas companies for alleged anticompetitive activities . cade imposed a civil fine of r$ 179.2 million ( approximately $ 55 at 30 september 2016 ) on air products brasil ltda . this fine was based on a recommendation by a unit of the brazilian ministry of justice , whose investigation began in 2003 , alleging violation of competition laws with respect to the sale of industrial and medical gases . the fines are based on a percentage of our total revenue in brazil in 2003 . we have denied the allegations made by the authorities and filed an appeal in october 2010 with the brazilian courts . on 6 may 2014 , our appeal was granted and the fine against air products brasil ltda . was dismissed . cade has appealed that ruling and the matter remains pending . we , with advice of our outside legal counsel , have assessed the status of this matter and have concluded that , although an adverse final judgment after exhausting all appeals is possible , such a judgment is not probable . as a result , no provision has been made in the consolidated financial statements . we estimate the maximum possible loss to be the full amount of the fine of r$ 179.2 million ( approximately $ 55 at 30 september 2016 ) plus interest accrued thereon until final disposition of the proceedings . other than this matter , we do not currently believe there are any legal proceedings , individually or in the aggregate , that are reasonably possible to have a material impact on our financial condition , results of operations , or cash flows . environmental in the normal course of business , we are involved in legal proceedings under the comprehensive environmental response , compensation , and liability act ( cercla : the federal superfund law ) ; resource conservation and recovery act ( rcra ) ; and similar state and foreign environmental laws relating to the designation of certain sites for investigation or remediation . presently , there are approximately 33 sites on which a final settlement has not been reached where we , along with others , have been designated a potentially responsible party by the environmental protection agency or are otherwise engaged in investigation or remediation , including cleanup activity at certain of our current and former manufacturing sites . we continually monitor these sites for which we have environmental exposure . accruals for environmental loss contingencies are recorded when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated . the consolidated balance sheets at 30 september 2016 and 2015 included an accrual of $ 81.4 and $ 80.6 , respectively , primarily as part of other noncurrent liabilities . the environmental liabilities will be paid over a period of up to 30 years . we estimate the exposure for environmental loss contingencies to range from $ 81 to a reasonably possible upper exposure of $ 95 as of 30 september 2016. .\nQuestion: how much does projected benefit payments of 2020 represents in relation to that of 2019?\nAnswer: 0.95327\nQuestion: what is the difference between that and the number 1 that represents 100%?\nAnswer: -0.04673\nQuestion: how much is that difference in percentage (base 100)?\n" }, { "role": "agent", "content": "-4.6729" } ]
CONVFINQA488	[ { "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\nbasel iii ( full implementation ) citigroup 2019s capital resources under basel iii ( full implementation ) citi currently estimates that its effective minimum common equity tier 1 capital , tier 1 capital and total capital ratio requirements under the u.s . basel iii rules , on a fully implemented basis and assuming a 3% ( 3 % ) gsib surcharge , may be 10% ( 10 % ) , 11.5% ( 11.5 % ) and 13.5% ( 13.5 % ) , respectively . further , under the u.s . basel iii rules , citi must also comply with a 4% ( 4 % ) minimum tier 1 leverage ratio requirement and an effective 5% ( 5 % ) minimum supplementary leverage ratio requirement . the following tables set forth the capital tiers , total risk-weighted assets , risk-based capital ratios , quarterly adjusted average total assets , total leverage exposure and leverage ratios , assuming full implementation under the u.s . basel iii rules , for citi as of december 31 , 2015 and december 31 , 2014 . citigroup capital components and ratios under basel iii ( full implementation ) december 31 , 2015 december 31 , 2014 ( 1 ) in millions of dollars , except ratios advanced approaches standardized approach advanced approaches standardized approach . <table class='wikitable'><tr><td>1</td><td>in millions of dollars except ratios</td><td>december 31 2015 advanced approaches</td><td>december 31 2015 standardized approach</td><td>december 31 2015 advanced approaches</td><td>standardized approach</td></tr><tr><td>2</td><td>common equity tier 1 capital</td><td>$ 146865</td><td>$ 146865</td><td>$ 136597</td><td>$ 136597</td></tr><tr><td>3</td><td>tier 1 capital</td><td>164036</td><td>164036</td><td>148066</td><td>148066</td></tr><tr><td>4</td><td>total capital ( tier 1 capital + tier 2 capital ) ( 2 )</td><td>186097</td><td>198655</td><td>165454</td><td>178413</td></tr><tr><td>5</td><td>total risk-weighted assets</td><td>1216277</td><td>1162884</td><td>1292605</td><td>1228488</td></tr><tr><td>6</td><td>common equity tier 1 capital ratio ( 3 ) ( 4 )</td><td>12.07% ( 12.07 % )</td><td>12.63% ( 12.63 % )</td><td>10.57% ( 10.57 % )</td><td>11.12% ( 11.12 % )</td></tr><tr><td>7</td><td>tier 1 capital ratio ( 3 ) ( 4 )</td><td>13.49</td><td>14.11</td><td>11.45</td><td>12.05</td></tr><tr><td>8</td><td>total capital ratio ( 3 ) ( 4 )</td><td>15.30</td><td>17.08</td><td>12.80</td><td>14.52</td></tr></table> common equity tier 1 capital ratio ( 3 ) ( 4 ) 12.07% ( 12.07 % ) 12.63% ( 12.63 % ) 10.57% ( 10.57 % ) 11.12% ( 11.12 % ) tier 1 capital ratio ( 3 ) ( 4 ) 13.49 14.11 11.45 12.05 total capital ratio ( 3 ) ( 4 ) 15.30 17.08 12.80 14.52 in millions of dollars , except ratios december 31 , 2015 december 31 , 2014 ( 1 ) quarterly adjusted average total assets ( 5 ) $ 1724710 $ 1835637 total leverage exposure ( 6 ) 2317849 2492636 tier 1 leverage ratio ( 4 ) 9.51% ( 9.51 % ) 8.07% ( 8.07 % ) supplementary leverage ratio ( 4 ) 7.08 5.94 ( 1 ) restated to reflect the retrospective adoption of asu 2014-01 for lihtc investments , consistent with current period presentation . ( 2 ) under the advanced approaches framework eligible credit reserves that exceed expected credit losses are eligible for inclusion in tier 2 capital to the extent the excess reserves do not exceed 0.6% ( 0.6 % ) of credit risk-weighted assets , which differs from the standardized approach in which the allowance for credit losses is eligible for inclusion in tier 2 capital up to 1.25% ( 1.25 % ) of credit risk-weighted assets , with any excess allowance for credit losses being deducted in arriving at credit risk-weighted assets . ( 3 ) as of december 31 , 2015 and december 31 , 2014 , citi 2019s common equity tier 1 capital , tier 1 capital , and total capital ratios were the lower derived under the basel iii advanced approaches framework . ( 4 ) citi 2019s basel iii capital ratios and related components , on a fully implemented basis , are non-gaap financial measures . citi believes these ratios and the related components provide useful information to investors and others by measuring citi 2019s progress against future regulatory capital standards . ( 5 ) tier 1 leverage ratio denominator . ( 6 ) supplementary leverage ratio denominator. .\nQuestion: what is the tier 1 capital ratio for advance approaches in 2015?\nAnswer: 13.49\nQuestion: what about for the standardized approach?\n" }, { "role": "agent", "content": "14.11" } ]
CONVFINQA1030	[ { "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\nn o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2009 , 2008 , and 2007 . the amount of dividends available to be paid in 2010 , without prior approval from the state insurance departments , totals $ 733 million . the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries as at and for the years ended december 31 , 2009 , 2008 , and 2007 , are as follows: . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>bermuda subsidiaries 2007</td><td>bermuda subsidiaries 2009</td><td>bermuda subsidiaries 2008</td><td>2007</td></tr><tr><td>2</td><td>statutory capital and surplus</td><td>$ 9299</td><td>$ 6205</td><td>$ 8579</td><td>$ 5801</td><td>$ 5368</td><td>$ 5321</td></tr><tr><td>3</td><td>statutory net income</td><td>$ 2472</td><td>$ 2196</td><td>$ 1535</td><td>$ 870</td><td>$ 818</td><td>$ 873</td></tr></table> as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 215 million , $ 211 million , and $ 140 million at december 31 , 2009 , 2008 , and 2007 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements . 21 . information provided in connection with outstanding debt of subsidiaries the following tables present condensed consolidating financial information at december 31 , 2009 , and december 31 , 2008 , and for the years ended december 31 , 2009 , 2008 , and 2007 , for ace limited ( the parent guarantor ) and its 201csubsidiary issuer 201d , ace ina holdings , inc . the subsidiary issuer is an indirect 100 percent-owned subsidiary of the parent guarantor . investments in subsidiaries are accounted for by the parent guarantor under the equity method for purposes of the supplemental consolidating presentation . earnings of subsidiaries are reflected in the parent guarantor 2019s investment accounts and earnings . the parent guarantor fully and unconditionally guarantees certain of the debt of the subsidiary issuer. .\nQuestion: what is the ratio of statutory capital and surplus to statutory net income in 2009?\n" }, { "role": "agent", "content": "3.76173" } ]
CONVFINQA3024	[ { "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 npr is generally consistent with the basel committee 2019s lcr . however , it includes certain more stringent requirements , including an accelerated implementation time line and modifications to the definition of high-quality liquid assets and expected outflow assumptions . we continue to analyze the proposed rules and analyze their impact as well as develop strategies for compliance . the principles of the lcr are consistent with our liquidity management framework ; however , the specific calibrations of various elements within the final lcr rule , such as the eligibility of assets as hqla , operational deposit requirements and net outflow requirements could have a material effect on our liquidity , funding and business activities , including the management and composition of our investment securities portfolio and our ability to extend committed contingent credit facilities to our clients . in january 2014 , the basel committee released a revised proposal with respect to the net stable funding ratio , or nsfr , which will establish a one-year liquidity standard representing the proportion of long-term assets funded by long-term stable funding , scheduled for global implementation in 2018 . the revised nsfr has made some favorable changes regarding the treatment of operationally linked deposits and a reduction in the funding required for certain securities . however , we continue to review the specifics of the basel committee's release and will be evaluating the u.s . implementation of this standard to analyze the impact and develop strategies for compliance . u.s . banking regulators have not yet issued a proposal to implement the nsfr . contractual cash obligations and other commitments the following table presents our long-term contractual cash obligations , in total and by period due as of december 31 , 2013 . these obligations were recorded in our consolidated statement of condition as of that date , except for operating leases and the interest portions of long-term debt and capital leases . contractual cash obligations . <table class='wikitable'><tr><td>1</td><td>as of december 31 2013 ( in millions )</td><td>payments due by period total</td><td>payments due by period less than 1year</td><td>payments due by period 1-3years</td><td>payments due by period 4-5years</td><td>payments due by period over 5years</td></tr><tr><td>2</td><td>long-term debt ( 1 )</td><td>$ 10630</td><td>$ 1015</td><td>$ 2979</td><td>$ 2260</td><td>$ 4376</td></tr><tr><td>3</td><td>operating leases</td><td>923</td><td>208</td><td>286</td><td>209</td><td>220</td></tr><tr><td>4</td><td>capital lease obligations</td><td>1051</td><td>99</td><td>185</td><td>169</td><td>598</td></tr><tr><td>5</td><td>total contractual cash obligations</td><td>$ 12604</td><td>$ 1322</td><td>$ 3450</td><td>$ 2638</td><td>$ 5194</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 , 2013 . the table above does not include obligations which will be settled in cash , primarily in less than one year , such as client 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 8 and 9 to the consolidated financial statements included under item 8 of this form 10-k . the table does not include obligations related to derivative instruments because the derivative-related amounts recorded in our consolidated statement of condition as of december 31 , 2013 did not represent the amounts that may ultimately be paid under the contracts upon settlement . additional information about our derivative instruments is provided in note 16 to the consolidated financial statements included under item 8 of this form 10-k . we have obligations under pension and other post-retirement benefit plans , more fully described in note 19 to the consolidated financial statements included under item 8 of this form 10-k , 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 10 and 20 to the consolidated financial statements included under item 8 of this form 10-k . our consolidated statement of cash flows , also included under item 8 of this form 10-k , provides additional liquidity information . the following table presents our commitments , other than the contractual cash obligations presented above , in total and by duration as of december 31 , 2013 . these commitments were not recorded in our consolidated statement of condition as of that date. .\nQuestion: what were the operating leases, in millions?\nAnswer: 923.0\nQuestion: and what were the capital lease obligations, also in millions?\nAnswer: 1051.0\nQuestion: what was, then, the total of contractual lease obligations, in millions?\n" }, { "role": "agent", "content": "1974.0" } ]
CONVFINQA8307	[ { "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\n82 \| 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows . reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td></tr><tr><td>2</td><td>balance at january 1,</td><td>$ 1032</td><td>$ 968</td></tr><tr><td>3</td><td>additions for tax positions related to current year</td><td>270</td><td>73</td></tr><tr><td>4</td><td>additions for tax positions related to prior years</td><td>20</td><td>55</td></tr><tr><td>5</td><td>reductions for tax positions related to prior years</td><td>-27 ( 27 )</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>reductions for settlements2</td><td>-9 ( 9 )</td><td>-24 ( 24 )</td></tr><tr><td>7</td><td>reductions for expiration of statute of limitations</td><td>2014</td><td>-4 ( 4 )</td></tr><tr><td>8</td><td>balance at december 31,</td><td>$ 1286</td><td>$ 1032</td></tr><tr><td>9</td><td>amount that if recognized would impact the effective tax rate</td><td>$ 1209</td><td>$ 963</td></tr></table> 1 foreign currency impacts are included within each line as applicable . 2 includes cash payment or other reduction of assets to settle liability . we classify interest and penalties on income taxes as a component of the provision for income taxes . we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively . on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s . income tax returns for 2010 to 2012 . in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines . we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion . we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines . we have filed u.s . income tax returns on this same basis for years after 2012 . based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months . we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations . with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s . tax assessment . in our major non-u.s . jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years . due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. .\nQuestion: in the years of 2017 and 2016, combined, what was the total provision for interest and penalties?\nAnswer: 72.0\nQuestion: including to that period 2015, what becomes this total?\n" }, { "role": "agent", "content": "92.0" } ]
CONVFINQA1704	[ { "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\nas of december 31 , 2017 , the aggregate future minimum payments under non-cancelable operating leases consist of the following ( in thousands ) : years ending december 31 . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 9127</td></tr><tr><td>2</td><td>2019</td><td>8336</td></tr><tr><td>3</td><td>2020</td><td>8350</td></tr><tr><td>4</td><td>2021</td><td>7741</td></tr><tr><td>5</td><td>2022</td><td>7577</td></tr><tr><td>6</td><td>thereafter</td><td>9873</td></tr><tr><td>7</td><td>total minimum future lease payments</td><td>$ 51004</td></tr></table> rent expense for all operating leases amounted to $ 9.4 million , $ 8.1 million and $ 5.4 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . financing obligation 2014build-to-suit lease in august 2012 , we executed a lease for a building then under construction in santa clara , california to serve as our headquarters . the lease term is 120 months and commenced in august 2013 . based on the terms of the lease agreement and due to our involvement in certain aspects of the construction , we were deemed the owner of the building ( for accounting purposes only ) during the construction period . upon completion of construction in 2013 , we concluded that we had forms of continued economic involvement in the facility , and therefore did not meet with the provisions for sale-leaseback accounting . we continue to maintain involvement in the property post construction and lack transferability of the risks and rewards of ownership , due to our required maintenance of a $ 4.0 million letter of credit , in addition to our ability and option to sublease our portion of the leased building for fees substantially higher than our base rate . therefore , the lease is accounted for as a financing obligation and lease payments will be attributed to ( 1 ) a reduction of the principal financing obligation ; ( 2 ) imputed interest expense ; and ( 3 ) land lease expense , representing an imputed cost to lease the underlying land of the building . at the conclusion of the initial lease term , we will de-recognize both the net book values of the asset and the remaining financing obligation . as of december 31 , 2017 and 2016 , we have recorded assets of $ 53.4 million , representing the total costs of the building and improvements incurred , including the costs paid by the lessor ( the legal owner of the building ) and additional improvement costs paid by us , and a corresponding financing obligation of $ 39.6 million and $ 41.2 million , respectively . as of december 31 , 2017 , $ 1.9 million and $ 37.7 million were recorded as short-term and long-term financing obligations , respectively . land lease expense under our lease financing obligation amounted to $ 1.3 million for each of the years ended december 31 , 2017 , 2016 and 2015 respectively. .\nQuestion: what was the total of future minimum payments under non-cancelable operating leases in 2018?\nAnswer: 9127.0\nQuestion: and what was it in 2019?\nAnswer: 8336.0\nQuestion: how much, then, did the 2018 total represent in relation to the 2019 one?\nAnswer: 1.09489\nQuestion: and in the two years precedent to this period, what was the total rent expense, in millions?\nAnswer: 17.5\nQuestion: including 2015, what then becomes this total?\n" }, { "role": "agent", "content": "22.9" } ]
CONVFINQA6284	[ { "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\ninstitutions . international paper continually monitors its positions with and the credit quality of these financial institutions and does not expect non- performance by the counterparties . note 14 capital stock the authorized capital stock at both december 31 , 2006 and 2005 , consisted of 990850000 shares of common stock , $ 1 par value ; 400000 shares of cumulative $ 4 preferred stock , without par value ( stated value $ 100 per share ) ; and 8750000 shares of serial preferred stock , $ 1 par value . the serial preferred stock is issuable in one or more series by the board of directors without further shareholder action . in july 2006 , in connection with the planned use of projected proceeds from the company 2019s trans- formation plan , international paper 2019s board of direc- tors authorized a share repurchase program to acquire up to $ 3.0 billion of the company 2019s stock . in a modified 201cdutch auction 201d tender offer completed in september 2006 , international paper purchased 38465260 shares of its common stock at a price of $ 36.00 per share , plus costs to acquire the shares , for a total cost of approximately $ 1.4 billion . in addition , in december 2006 , the company purchased an addi- tional 1220558 shares of its common stock in the open market at an average price of $ 33.84 per share , plus costs to acquire the shares , for a total cost of approximately $ 41 million . following the completion of these share repurchases , international paper had approximately 454 million shares of common stock issued and outstanding . note 15 retirement plans u.s . defined benefit plans international paper maintains pension plans that provide retirement benefits to substantially all domestic employees hired prior to july 1 , 2004 . these employees generally are eligible to participate in the plans upon completion of one year of service and attainment of age 21 . employees hired after june 30 , 2004 , who are not eligible for these pension plans receive an additional company contribution to their savings plan ( see 201cother plans 201d on page 83 ) . the plans provide defined benefits based on years of credited service and either final average earnings ( salaried employees ) , hourly job rates or specified benefit rates ( hourly and union employees ) . for its qualified defined benefit pension plan , interna- tional paper makes contributions that are sufficient to fully fund its actuarially determined costs , gen- erally equal to the minimum amounts required by the employee retirement income security act ( erisa ) . in addition , international paper made volun- tary contributions of $ 1.0 billion to the qualified defined benefit plan in 2006 , and does not expect to make any contributions in 2007 . the company also has two unfunded nonqualified defined benefit pension plans : a pension restoration plan available to employees hired prior to july 1 , 2004 that provides retirement benefits based on eligible compensation in excess of limits set by the internal revenue service , and a supplemental retirement plan for senior managers ( serp ) , which is an alternative retirement plan for senior vice presi- dents and above who are designated by the chief executive officer as participants . these nonqualified plans are only funded to the extent of benefits paid , which are expected to be $ 41 million in 2007 . net periodic pension expense service cost is the actuarial present value of benefits attributed by the plans 2019 benefit formula to services rendered by employees during the year . interest cost represents the increase in the projected benefit obli- gation , which is a discounted amount , due to the passage of time . the expected return on plan assets reflects the computed amount of current year earn- ings from the investment of plan assets using an estimated long-term rate of return . net periodic pension expense for qualified and nonqualified u.s . defined benefit plans comprised the following : in millions 2006 2005 2004 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2006</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>service cost</td><td>$ 141</td><td>$ 129</td><td>$ 115</td></tr><tr><td>3</td><td>interest cost</td><td>506</td><td>474</td><td>467</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>-540 ( 540 )</td><td>-556 ( 556 )</td><td>-592 ( 592 )</td></tr><tr><td>5</td><td>actuarial loss</td><td>243</td><td>167</td><td>94</td></tr><tr><td>6</td><td>amortization of prior service cost</td><td>27</td><td>29</td><td>27</td></tr><tr><td>7</td><td>net periodic pension expense ( a )</td><td>$ 377</td><td>$ 243</td><td>$ 111</td></tr></table> ( a ) excludes $ 9.1 million , $ 6.5 million and $ 3.4 million in 2006 , 2005 and 2004 , respectively , in curtailment losses , and $ 8.7 million , $ 3.6 million and $ 1.4 million in 2006 , 2005 and 2004 , respectively , of termination benefits , in connection with cost reduction programs and facility rationalizations that were recorded in restructuring and other charges in the con- solidated statement of operations . also excludes $ 77.2 million and $ 14.3 million in 2006 and 2005 , respectively , in curtailment losses , and $ 18.6 million and $ 7.6 million of termination bene- fits in 2006 and 2005 , respectively , related to certain divest- itures recorded in net losses on sales and impairments of businesses held for sale in the consolidated statement of oper- ations. .\nQuestion: what is the net periodic pension expense in 2005?\nAnswer: 243.0\nQuestion: what about in 2004?\nAnswer: 111.0\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "132.0" } ]
CONVFINQA116	[ { "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\nrisks related to our common stock our stock price is extremely volatile . the trading price of our common stock has been extremely volatile and may continue to be volatile in the future . many factors could have an impact on our stock price , including fluctuations in our or our competitors 2019 operating results , clinical trial results or adverse events associated with our products , product development by us or our competitors , changes in laws , including healthcare , tax or intellectual property laws , intellectual property developments , changes in reimbursement or drug pricing , the existence or outcome of litigation or government proceedings , including the sec/doj investigation , failure to resolve , delays in resolving or other developments with respect to the issues raised in the warning letter , acquisitions or other strategic transactions , and the perceptions of our investors that we are not performing or meeting expectations . the trading price of the common stock of many biopharmaceutical companies , including ours , has experienced extreme price and volume fluctuations , which have at times been unrelated to the operating performance of the companies whose stocks were affected . anti-takeover provisions in our charter and bylaws and under delaware law could make a third-party acquisition of us difficult and may frustrate any attempt to remove or replace our current management . our corporate charter and by-law provisions may discourage certain types of transactions involving an actual or potential change of control that might be beneficial to us or our stockholders . our bylaws provide that special meetings of our stockholders may be called only by the chairman of the board , the president , the secretary , or a majority of the board of directors , or upon the written request of stockholders who together own of record 25% ( 25 % ) of the outstanding stock of all classes entitled to vote at such meeting . our bylaws also specify that the authorized number of directors may be changed only by resolution of the board of directors . our charter does not include a provision for cumulative voting for directors , which may have enabled a minority stockholder holding a sufficient percentage of a class of shares to elect one or more directors . under our charter , our board of directors has the authority , without further action by stockholders , to designate up to 5 shares of preferred stock in one or more series . the rights of the holders of common stock will be subject to , and may be adversely affected by , the rights of the holders of any class or series of preferred stock that may be issued in the future . because we are a delaware corporation , the anti-takeover provisions of delaware law could make it more difficult for a third party to acquire control of us , even if the change in control would be beneficial to stockholders . we are subject to the provisions of section 203 of the delaware general laws , which prohibits a person who owns in excess of 15% ( 15 % ) of our outstanding voting stock from merging or combining with us for a period of three years after the date of the transaction in which the person acquired in excess of 15% ( 15 % ) of our outstanding voting stock , unless the merger or combination is approved in a prescribed manner . item 1b . unresolved staff comments . item 2 . properties . we conduct our primary operations at the owned and leased facilities described below . location operations conducted approximate square feet expiration new haven , connecticut corporate headquarters and executive , sales , research and development offices 514000 2030 dublin , ireland global supply chain , distribution , and administration offices 160000 owned . <table class='wikitable'><tr><td>1</td><td>location</td><td>operations conducted</td><td>approximatesquare feet</td><td>leaseexpirationdates</td></tr><tr><td>2</td><td>new haven connecticut</td><td>corporate headquarters and executive sales research and development offices</td><td>514000</td><td>2030</td></tr><tr><td>3</td><td>dublin ireland</td><td>global supply chain distribution and administration offices</td><td>160000</td><td>owned</td></tr><tr><td>4</td><td>athlone ireland</td><td>commercial research and development manufacturing</td><td>80000</td><td>owned</td></tr><tr><td>5</td><td>lexington massachusetts</td><td>research and development offices</td><td>81000</td><td>2019</td></tr><tr><td>6</td><td>bogart georgia</td><td>commercial research and development manufacturing</td><td>70000</td><td>owned</td></tr><tr><td>7</td><td>smithfield rhode island</td><td>commercial research and development manufacturing</td><td>67000</td><td>owned</td></tr><tr><td>8</td><td>zurich switzerland</td><td>regional executive and sales offices</td><td>69000</td><td>2025</td></tr></table> we believe that our administrative office space is adequate to meet our needs for the foreseeable future . we also believe that our research and development facilities and our manufacturing facilities , together with third party manufacturing facilities , will be adequate for our on-going activities . in addition to the locations above , we also lease space in other u.s . locations and in foreign countries to support our operations as a global organization. .\nQuestion: what is the square feet of the owned global supply chain distribution and administration offices?\nAnswer: 160000.0\nQuestion: what is the square feet of the owned commercial research and development manufacturing?\nAnswer: 80000.0\nQuestion: what is the sum of those values?\nAnswer: 240000.0\nQuestion: what is the total sum including square feet of commercial research and development manufacturing in bogart, georgia?\n" }, { "role": "agent", "content": "310000.0" } ]
CONVFINQA9317	[ { "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 competitive environment and general economic and business conditions , among other factors . pullmantur is a brand targeted primarily at the spanish , portu- guese and latin american markets and although pullmantur has diversified its passenger sourcing over the past few years , spain still represents pullmantur 2019s largest market . as previously disclosed , during 2012 european economies continued to demonstrate insta- bility in light of heightened concerns over sovereign debt issues as well as the impact of proposed auster- ity measures on certain markets . the spanish econ- omy was more severely impacted than many other economies and there is significant uncertainty as to when it will recover . in addition , the impact of the costa concordia incident has had a more lingering effect than expected and the impact in future years is uncertain . these factors were identified in the past as significant risks which could lead to the impairment of pullmantur 2019s goodwill . more recently , the spanish economy has progressively worsened and forecasts suggest the challenging operating environment will continue for an extended period of time . the unemployment rate in spain reached 26% ( 26 % ) during the fourth quarter of 2012 and is expected to rise further in 2013 . the international monetary fund , which had projected gdp growth of 1.8% ( 1.8 % ) a year ago , revised its 2013 gdp projections downward for spain to a contraction of 1.3% ( 1.3 % ) during the fourth quarter of 2012 and further reduced it to a contraction of 1.5% ( 1.5 % ) in january of 2013 . during the latter half of 2012 new austerity measures , such as increases to the value added tax , cuts to benefits , the phasing out of exemptions and the suspension of government bonuses , were implemented by the spanish government . we believe these austerity measures are having a larger impact on consumer confidence and discretionary spending than previously anticipated . as a result , there has been a significant deterioration in bookings from guests sourced from spain during the 2013 wave season . the combination of all of these factors has caused us to negatively adjust our cash flow projections , especially our closer-in net yield assumptions and the expectations regarding future capacity growth for the brand . based on our updated cash flow projections , we determined the implied fair value of goodwill for the pullmantur reporting unit was $ 145.5 million and rec- ognized an impairment charge of $ 319.2 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . there have been no goodwill impairment charges related to the pullmantur reporting unit in prior periods . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) perform worse than contemplated in our discounted cash flow model , or if there are material changes to the projected future cash flows used in the impair- ment analyses , especially in net yields , an additional impairment charge of the pullmantur reporting unit 2019s goodwill may be required . note 4 . intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>indefinite-life intangible asset 2014pullmantur trademarks and trade names</td><td>$ 218883</td><td>$ 225679</td></tr><tr><td>3</td><td>impairment charge</td><td>-17356 ( 17356 )</td><td>2014</td></tr><tr><td>4</td><td>foreign currency translation adjustment</td><td>3339</td><td>-6796 ( 6796 )</td></tr><tr><td>5</td><td>total</td><td>$ 204866</td><td>$ 218883</td></tr></table> during the fourth quarter of 2012 , we performed the annual impairment review of our trademarks and trade names using a discounted cash flow model and the relief-from-royalty method . the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry . these trademarks and trade names relate to pullmantur and we have used a discount rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test . as described in note 3 . goodwill , the continued deterioration of the spanish economy caused us to negatively adjust our cash flow projections for the pullmantur reporting unit , especially our closer-in net yield assumptions and the timing of future capacity growth for the brand . based on our updated cash flow projections , we determined that the fair value of pullmantur 2019s trademarks and trade names no longer exceeded their carrying value . accordingly , we recog- nized an impairment charge of approximately $ 17.4 million to write down trademarks and trade names to their fair value of $ 204.9 million . this impairment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impairment of pullmantur related assets within our consolidated statements of comprehensive income ( loss ) . see note 13 . fair value measurements and derivative instruments for further discussion . if the spanish economy weakens further or recovers more slowly than contemplated or if the economies of other markets ( e.g . france , brazil , latin america ) 0494.indd 76 3/27/13 12:53 pm .\nQuestion: what is net change in total value of intangible assets from 2011 to 2012?\n" }, { "role": "agent", "content": "-14017.0" } ]
CONVFINQA3132	[ { "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\ncash flows from operations . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>fiscal year 2018</td><td>fiscal year 2017</td><td>fiscal year 2016</td></tr><tr><td>2</td><td>net earnings including earnings attributable to redeemable and noncontrollinginterests</td><td>$ 2163.0</td><td>$ 1701.1</td><td>$ 1736.8</td></tr><tr><td>3</td><td>depreciation and amortization</td><td>618.8</td><td>603.6</td><td>608.1</td></tr><tr><td>4</td><td>after-taxearnings from joint ventures</td><td>-84.7 ( 84.7 )</td><td>-85.0 ( 85.0 )</td><td>-88.4 ( 88.4 )</td></tr><tr><td>5</td><td>distributions of earnings from joint ventures</td><td>113.2</td><td>75.6</td><td>75.1</td></tr><tr><td>6</td><td>stock-based compensation</td><td>77.0</td><td>95.7</td><td>89.8</td></tr><tr><td>7</td><td>deferred income taxes</td><td>-504.3 ( 504.3 )</td><td>183.9</td><td>120.6</td></tr><tr><td>8</td><td>pension and other postretirement benefit plan contributions</td><td>-31.8 ( 31.8 )</td><td>-45.4 ( 45.4 )</td><td>-47.8 ( 47.8 )</td></tr><tr><td>9</td><td>pension and other postretirement benefit plan costs</td><td>4.6</td><td>35.7</td><td>118.1</td></tr><tr><td>10</td><td>divestitures loss ( gain )</td><td>-</td><td>13.5</td><td>-148.2 ( 148.2 )</td></tr><tr><td>11</td><td>restructuring impairment and other exit costs</td><td>126.0</td><td>117.0</td><td>107.2</td></tr><tr><td>12</td><td>changes in current assets and liabilities excluding the effects of acquisitions anddivestitures</td><td>542.1</td><td>-194.2 ( 194.2 )</td><td>298.5</td></tr><tr><td>13</td><td>other net</td><td>-182.9 ( 182.9 )</td><td>-86.3 ( 86.3 )</td><td>-105.6 ( 105.6 )</td></tr><tr><td>14</td><td>net cash provided by operating activities</td><td>$ 2841.0</td><td>$ 2415.2</td><td>$ 2764.2</td></tr></table> in fiscal 2018 , cash provided by operations was $ 2.8 billion compared to $ 2.4 billion in fiscal 2017 . the $ 426 million increase was primarily driven by the $ 462 million increase in net earnings and the $ 736 million change in current assets and liabilities , partially offset by a $ 688 million change in deferred income taxes . the change in deferred income taxes was primarily related to the $ 638 million provisional benefit from revaluing our net u.s . deferred tax liabilities to reflect the new u.s . corporate tax rate as a result of the tcja . the $ 736 million change in current assets and liabilities was primarily due to changes in accounts payable of $ 476 million related to the extension of payment terms and timing of payments , and $ 264 million of changes in other current liabilities primarily driven by changes in income taxes payable , trade and advertising accruals , and incentive accruals . we strive to grow core working capital at or below the rate of growth in our net sales . for fiscal 2018 , core working capital decreased 27 percent , compared to a net sales increase of 1 percent . in fiscal 2017 , core working capital increased 9 percent , compared to a net sales decline of 6 percent , and in fiscal 2016 , core working capital decreased 41 percent , compared to net sales decline of 6 percent . in fiscal 2017 , our operations generated $ 2.4 billion of cash , compared to $ 2.8 billion in fiscal 2016 . the $ 349 million decrease was primarily driven by a $ 493 million change in current assets and liabilities . the $ 493 million change in current assets and liabilities was primarily due to changes in other current liabilities driven by changes in income taxes payable , a decrease in incentive accruals , and changes in trade and advertising accruals due to reduced spending . the change in current assets and liabilities was also impacted by the timing of accounts payable . additionally , we recorded a $ 14 million loss on a divestiture during fiscal 2017 , compared to a $ 148 million net gain on divestitures during fiscal 2016 , and classified the related cash flows as investing activities. .\nQuestion: what was the change in net earnings including earnings attributable to redeemable and non-controlling interests between 2017 and 2018?\n" }, { "role": "agent", "content": "461.9" } ]
CONVFINQA4119	[ { "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\nstate street corporation \| 52 shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2012 . it also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available , capitalization-weighted index , comprised of 67 of the standard & poor 2019s 500 companies , representing 27 diversified financial services companies , 23 insurance companies , and 17 banking companies . the kbw bank index is a modified cap-weighted index consisting of 24 exchange-listed stocks , representing national money center banks and leading regional institutions. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td></tr><tr><td>2</td><td>state street corporation</td><td>$ 100</td><td>$ 159</td><td>$ 172</td><td>$ 148</td><td>$ 178</td><td>$ 227</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>132</td><td>151</td><td>153</td><td>171</td><td>208</td></tr><tr><td>4</td><td>s&p financial index</td><td>100</td><td>136</td><td>156</td><td>154</td><td>189</td><td>230</td></tr><tr><td>5</td><td>kbw bank index</td><td>100</td><td>138</td><td>151</td><td>151</td><td>195</td><td>231</td></tr></table> .\nQuestion: what was the value of the s&p500 index in 2015?\nAnswer: 153.0\nQuestion: and what was the original amount invested in it in 2012?\nAnswer: 100.0\nQuestion: what was, then, the change in the value of the stock from 2012 to 2015?\nAnswer: 53.0\nQuestion: what was the original amount invested in the stock in 2012?\n" }, { "role": "agent", "content": "100.0" } ]
CONVFINQA3566	[ { "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\nmasco corporation notes to consolidated financial statements ( continued ) m . employee retirement plans ( continued ) plan assets . our qualified defined-benefit pension plan weighted average asset allocation , which is based upon fair value , was as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>equity securities</td><td>34% ( 34 % )</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>debt securities</td><td>49% ( 49 % )</td><td>28% ( 28 % )</td></tr><tr><td>4</td><td>other</td><td>17% ( 17 % )</td><td>17% ( 17 % )</td></tr><tr><td>5</td><td>total</td><td>100% ( 100 % )</td><td>100% ( 100 % )</td></tr></table> for our qualified defined-benefit pension plans , we have adopted accounting guidance that defines fair value , establishes a framework for measuring fair value and prescribes disclosures about fair value measurements . accounting guidance defines fair value as \"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\" following is a description of the valuation methodologies used for assets measured at fair value . there have been no changes in the methodologies used at december 31 , 2018 compared to december 31 , 2017 . common and preferred stocks and short-term and other investments : valued at the closing price reported on the active market on which the individual securities are traded or based on the active market for similar securities . certain investments are valued based on net asset value ( \"nav\" ) , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are no unfunded commitments or other restrictions associated with these investments . private equity and hedge funds : valued based on an estimated fair value using either a market approach or an income approach , both of which require a significant degree of judgment . there is no active trading market for these investments and they are generally illiquid . due to the significant unobservable inputs , the fair value measurements used to estimate fair value are a level 3 input . certain investments are valued based on nav , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are no unfunded commitments or other restrictions associated with the investments valued at nav . corporate , government and other debt securities : valued based on either the closing price reported on the active market on which the individual securities are traded or using pricing models maximizing the use of observable inputs for similar securities . this includes basing value on yields currently available on comparable securities of issuers with similar credit ratings . certain investments are valued based on nav , which approximates fair value . such basis is determined by referencing the respective fund's underlying assets . there are unfunded commitments of $ 1 million and no other restrictions associated with these investments . common collective trust fund : valued based on an amortized cost basis , which approximates fair value . such basis is determined by reference to the respective fund's underlying assets , which are primarily cash equivalents . there are no unfunded commitments or other restrictions associated with this fund . buy-in annuity : valued based on the associated benefit obligation for which the buy-in annuity covers the benefits , which approximates fair value . such basis is determined based on various assumptions , including the discount rate , long-term rate of return on plan assets and mortality rate . the methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values . furthermore , while we believe our valuation methods are appropriate and consistent with other market participants , the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date . the following tables set forth , by level within the fair value hierarchy , the qualified defined-benefit pension plan assets at fair value as of december 31 , 2018 and 2017 , as well as those valued at nav using the practical expedient , which approximates fair value , in millions. .\nQuestion: what were the debt securities in 2018?\nAnswer: 49.0\nQuestion: and what were they in 2017?\nAnswer: 28.0\nQuestion: what was, then, the increase over the year?\n" }, { "role": "agent", "content": "21.0" } ]
CONVFINQA8186	[ { "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\nfuture impairments would be recorded in income from continuing operations . the statement provides specific guidance for testing goodwill for impairment . the company had $ 3.2 billion of goodwill at december 31 , 2001 . goodwill amortization was $ 62 million for the year ended december 31 , 2001 . the company is currently assessing the impact of sfas no . 142 on its financial position and results of operations . in june 2001 , the fasb issued sfas no . 143 , 2018 2018accounting for asset retirement obligations , 2019 2019 which addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs . this statement is effective for financial statements issued for fiscal years beginning after june 15 , 2002 . the statement requires recognition of legal obligations associated with the retirement of a long-lived asset , except for certain obligations of lessees . the company is currently assessing the impact of sfas no . 143 on its financial position and results of operations . in december 2001 , the fasb revised its earlier conclusion , derivatives implementation group ( 2018 2018dig 2019 2019 ) issue c-15 , related to contracts involving the purchase or sale of electricity . contracts for the purchase or sale of electricity , both forward and option contracts , including capacity contracts , may qualify for the normal purchases and sales exemption and are not required to be accounted for as derivatives under sfas no . 133 . in order for contracts to qualify for this exemption , they must meet certain criteria , which include the requirement for physical delivery of the electricity to be purchased or sold under the contract only in the normal course of business . additionally , contracts that have a price based on an underlying that is not clearly and closely related to the electricity being sold or purchased or that are denominated in a currency that is foreign to the buyer or seller are not considered normal purchases and normal sales and are required to be accounted for as derivatives under sfas no . 133 . this revised conclusion is effective beginning april 1 , 2002 . the company is currently assessing the impact of revised dig issue c-15 on its financial condition and results of operations . 2001 compared to 2000 revenues revenues increased $ 1.8 billion , or 24% ( 24 % ) to $ 9.3 billion in 2001 from $ 7.5 billion in 2000 . the increase in revenues is due to the acquisition of new businesses , new operations from greenfield projects and positive improvements from existing operations . excluding businesses acquired or that commenced commercial operations in 2001 or 2000 , revenues increased 5% ( 5 % ) to $ 7.1 billion in 2001 . the following table shows the revenue of each segment: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2001</td><td>2000</td><td>% ( % ) change</td></tr><tr><td>2</td><td>contract generation</td><td>$ 2.5 billion</td><td>$ 1.7 billion</td><td>47% ( 47 % )</td></tr><tr><td>3</td><td>competitive supply</td><td>$ 2.7 billion</td><td>$ 2.4 billion</td><td>13% ( 13 % )</td></tr><tr><td>4</td><td>large utilities</td><td>$ 2.4 billion</td><td>$ 2.1 billion</td><td>14% ( 14 % )</td></tr><tr><td>5</td><td>growth distribution</td><td>$ 1.7 billion</td><td>$ 1.3 billion</td><td>31% ( 31 % )</td></tr></table> contract generation revenues increased $ 800 million , or 47% ( 47 % ) to $ 2.5 billion in 2001 from $ 1.7 billion in 2000 , principally resulting from the addition of revenues attributable to businesses acquired during 2001 or 2000 . excluding businesses acquired or that commenced commercial operations in 2001 or 2000 , contract generation revenues increased 2% ( 2 % ) to $ 1.7 billion in 2001 . the increase in contract generation segment revenues was due primarily to increases in south america , europe/africa and asia . in south america , contract generation segment revenues increased $ 472 million due mainly to the acquisition of gener and the full year of operations at uruguaiana offset by reduced revenues at tiete from the electricity rationing in brazil . in europe/africa , contract generation segment revenues increased $ 88 million , and the acquisition of a controlling interest in kilroot during 2000 was the largest contributor to the increase . in asia , contract generation segment revenues increased $ 96 million , and increased operations from our ecogen peaking plant was the most significant contributor to the .\nQuestion: what was the amount of goodwill in 2001, converted to the thousands?\nAnswer: 3200.0\nQuestion: and the goodwill amortization for that year?\nAnswer: 62.0\nQuestion: so based on the current amount of annual amortization, how many years will it take to fully amortize the goodwill balance?\n" }, { "role": "agent", "content": "51.6129" } ]
CONVFINQA5575	[ { "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 goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non-investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending , as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 25.70 billion and $ 26.88 billion as of december 2017 and december 2016 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 550 million and $ 768 million of protection had been provided as of december 2017 and december 2016 , respectively . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of retail and corporate loans . contingent and forward starting collateralized agreements / forward starting collateralized financings contingent and forward starting collateralized agreements includes resale and securities borrowing agreements , and forward starting collateralized financings includes repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments investment commitments includes commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments included $ 2.09 billion and $ 2.10 billion as of december 2017 and december 2016 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2017 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2017</td></tr><tr><td>2</td><td>2018</td><td>$ 299</td></tr><tr><td>3</td><td>2019</td><td>282</td></tr><tr><td>4</td><td>2020</td><td>262</td></tr><tr><td>5</td><td>2021</td><td>205</td></tr><tr><td>6</td><td>2022</td><td>145</td></tr><tr><td>7</td><td>2023 - thereafter</td><td>771</td></tr><tr><td>8</td><td>total</td><td>$ 1964</td></tr></table> rent charged to operating expenses was $ 273 million for 2017 , $ 244 million for 2016 and $ 249 million for 2015 . goldman sachs 2017 form 10-k 163 .\nQuestion: as of december 2017, what percentage of the total future minimum rental payments were due after 2022?\n" }, { "role": "agent", "content": "0.39257" } ]
CONVFINQA9359	[ { "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\ndevon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note . geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs . the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly . the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly . the schedule below summarizes the key terms of these notes ( in millions ) . . <table class='wikitable'><tr><td>1</td><td>floating rate due december 15 2015</td><td>$ 500</td></tr><tr><td>2</td><td>floating rate due december 15 2016</td><td>350</td></tr><tr><td>3</td><td>1.20% ( 1.20 % ) due december 15 2016 ( 1 )</td><td>650</td></tr><tr><td>4</td><td>2.25% ( 2.25 % ) due december 15 2018</td><td>750</td></tr><tr><td>5</td><td>discount and issuance costs</td><td>-2 ( 2 )</td></tr><tr><td>6</td><td>net proceeds</td><td>$ 2248</td></tr></table> ( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 . the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 . on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt . additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs . in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s . in june 2014 , at which point the term loan was terminated. .\nQuestion: what was the total value of proceeds from floating rates in 2015 and 2016?\n" }, { "role": "agent", "content": "850.0" } ]
CONVFINQA8260	[ { "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\napple inc . \| 2016 form 10-k \| 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 24 , 2016 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 23 , 2011 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2016 s&p , a division of mcgraw hill financial . all rights reserved . copyright a9 2016 dow jones & co . all rights reserved . september september september september september september . <table class='wikitable'><tr><td>1</td><td>-</td><td>september2011</td><td>september2012</td><td>september2013</td><td>september2014</td><td>september2015</td><td>september2016</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 166</td><td>$ 123</td><td>$ 183</td><td>$ 212</td><td>$ 213</td></tr><tr><td>3</td><td>s&p 500 index</td><td>$ 100</td><td>$ 130</td><td>$ 155</td><td>$ 186</td><td>$ 185</td><td>$ 213</td></tr><tr><td>4</td><td>s&p information technology index</td><td>$ 100</td><td>$ 132</td><td>$ 142</td><td>$ 183</td><td>$ 187</td><td>$ 230</td></tr><tr><td>5</td><td>dow jones u.s . technology supersector index</td><td>$ 100</td><td>$ 130</td><td>$ 137</td><td>$ 178</td><td>$ 177</td><td>$ 217</td></tr></table> .\nQuestion: what was the value of the dow jones u.s. technology supersector index in 2016?\nAnswer: 217.0\nQuestion: what was the value of the dow jones u.s. technology supersector index in 2011?\nAnswer: 100.0\nQuestion: what is the difference between those two value?\n" }, { "role": "agent", "content": "117.0" } ]
CONVFINQA4170	[ { "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\n82 \| 2017 form 10-k a reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions , including positions impacting only the timing of tax benefits , follows . reconciliation of unrecognized tax benefits:1 years a0ended a0december a031 . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>years ended december 31 , 2017</td><td>years ended december 31 , 2016</td></tr><tr><td>2</td><td>balance at january 1,</td><td>$ 1032</td><td>$ 968</td></tr><tr><td>3</td><td>additions for tax positions related to current year</td><td>270</td><td>73</td></tr><tr><td>4</td><td>additions for tax positions related to prior years</td><td>20</td><td>55</td></tr><tr><td>5</td><td>reductions for tax positions related to prior years</td><td>-27 ( 27 )</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>reductions for settlements2</td><td>-9 ( 9 )</td><td>-24 ( 24 )</td></tr><tr><td>7</td><td>reductions for expiration of statute of limitations</td><td>2014</td><td>-4 ( 4 )</td></tr><tr><td>8</td><td>balance at december 31,</td><td>$ 1286</td><td>$ 1032</td></tr><tr><td>9</td><td>amount that if recognized would impact the effective tax rate</td><td>$ 1209</td><td>$ 963</td></tr></table> 1 foreign currency impacts are included within each line as applicable . 2 includes cash payment or other reduction of assets to settle liability . we classify interest and penalties on income taxes as a component of the provision for income taxes . we recognized a net provision for interest and penalties of $ 38 million , $ 34 million and $ 20 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the total amount of interest and penalties accrued was $ 157 million and $ 120 million as of december a031 , 2017 and 2016 , respectively . on january 31 , 2018 , we received a revenue agent 2019s report from the irs indicating the end of the field examination of our u.s . income tax returns for 2010 to 2012 . in the audits of 2007 to 2012 including the impact of a loss carryback to 2005 , the irs has proposed to tax in the united states profits earned from certain parts transactions by csarl , based on the irs examination team 2019s application of the 201csubstance-over-form 201d or 201cassignment-of-income 201d judicial doctrines . we are vigorously contesting the proposed increases to tax and penalties for these years of approximately $ 2.3 billion . we believe that the relevant transactions complied with applicable tax laws and did not violate judicial doctrines . we have filed u.s . income tax returns on this same basis for years after 2012 . based on the information currently available , we do not anticipate a significant increase or decrease to our unrecognized tax benefits for this matter within the next 12 months . we currently believe the ultimate disposition of this matter will not have a material adverse effect on our consolidated financial position , liquidity or results of operations . with the exception of a loss carryback to 2005 , tax years prior to 2007 are generally no longer subject to u.s . tax assessment . in our major non-u.s . jurisdictions including australia , brazil , china , germany , japan , mexico , switzerland , singapore and the u.k. , tax years are typically subject to examination for three to ten years . due to the uncertainty related to the timing and potential outcome of audits , we cannot estimate the range of reasonably possible change in unrecognized tax benefits in the next 12 months. .\nQuestion: combined, what were the net provision for interest and penalties for 2017 and 2016?\n" }, { "role": "agent", "content": "72.0" } ]
CONVFINQA11077	[ { "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 louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2007 net revenue</td><td>$ 991.1</td></tr><tr><td>3</td><td>retail electric price</td><td>-17.1 ( 17.1 )</td></tr><tr><td>4</td><td>purchased power capacity</td><td>-12.0 ( 12.0 )</td></tr><tr><td>5</td><td>net wholesale revenue</td><td>-7.4 ( 7.4 )</td></tr><tr><td>6</td><td>other</td><td>4.6</td></tr><tr><td>7</td><td>2008 net revenue</td><td>$ 959.2</td></tr></table> the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 . refer to \"hurricane rita and hurricane katrina\" and \"state and local rate regulation\" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing . the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 . purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges . see \"state and local rate regulation\" below for a discussion of the formula rate plan filing . the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales . gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage . the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .\nQuestion: what is the sum of the retail electric price and purchased power capacity?\nAnswer: -29.1\nQuestion: what is the sum including new wholesale revenue?\n" }, { "role": "agent", "content": "-36.5" } ]
CONVFINQA3903	[ { "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\nasbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>asbestos cases</td></tr><tr><td>2</td><td>as of december 31 2009</td><td>526</td></tr><tr><td>3</td><td>case adjustments</td><td>2</td></tr><tr><td>4</td><td>new cases filed</td><td>41</td></tr><tr><td>5</td><td>resolved cases</td><td>-70 ( 70 )</td></tr><tr><td>6</td><td>as of december 31 2010</td><td>499</td></tr></table> because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg* transmitting job : d77691 pcn : 148000000 *%%pcmsg\|148 \|00010\|yes\|no\|02/08/2011 16:10\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the total of asbestos cases in 2010?\n" }, { "role": "agent", "content": "499.0" } ]
CONVFINQA3211	[ { "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\n2007 annual report 39 corporate snap-on 2019s general corporate expenses totaled $ 53.8 million in 2006 , up from $ 46.4 million in 2005 , primarily due to $ 15.2 million of increased stock-based and performance-based incentive compensation , including $ 6.3 million from the january 1 , 2006 , adoption of sfas no . 123 ( r ) . increased expenses in 2006 also included $ 4.2 million of higher insurance and other costs . these expense increases were partially offset by $ 9.5 million of benefits from rci initiatives . see note 13 to the consolidated financial statements for information on the company 2019s adoption of sfas no . 123 ( r ) . financial condition snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing . snap-on believes that its cash from operations , coupled with its sources of borrowings , are sufficient to fund its anticipated requirements for working capital , capital expenditures , restructuring activities , acquisitions , common stock repurchases and dividend payments . due to snap-on 2019s credit rating over the years , external funds have been available at a reasonable cost . as of the close of business on february 15 , 2008 , snap-on 2019s long-term debt and commercial paper was rated a3 and p-2 by moody 2019s investors service and a- and a-2 by standard & poor 2019s . snap-on believes that the strength of its balance sheet , combined with its cash flows from operating activities , affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions . the following discussion focuses on information included in the accompanying consolidated balance sheets . snap-on has been focused on improving asset utilization by making more effective use of its investment in certain working capital items . the company assesses management 2019s operating performance and effectiveness relative to those components of working capital , particularly accounts receivable and inventories , that are more directly impacted by operational decisions . as of december 29 , 2007 , working capital ( current assets less current liabilities ) of $ 548.2 million was up $ 117.0 million from $ 431.2 million as of december 30 , 2006 . the increase in year-over-year working capital primarily reflects higher levels of 201ccash and cash equivalents 201d of $ 29.6 million , lower 201cnotes payable and current maturities of long-term debt 201d of $ 27.7 million , and $ 27.7 million of increased 201caccounts receivable 2013 net of allowances . 201d the following represents the company 2019s working capital position as of december 29 , 2007 , and december 30 , 2006 . ( amounts in millions ) 2007 2006 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions ) ad</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 93.0</td><td>$ 63.4</td></tr><tr><td>3</td><td>accounts receivable 2013 net of allowances</td><td>586.9</td><td>559.2</td></tr><tr><td>4</td><td>inventories</td><td>322.4</td><td>323.0</td></tr><tr><td>5</td><td>other current assets</td><td>185.1</td><td>167.6</td></tr><tr><td>6</td><td>total current assets</td><td>1187.4</td><td>1113.2</td></tr><tr><td>7</td><td>accounts payable</td><td>-171.6 ( 171.6 )</td><td>-178.8 ( 178.8 )</td></tr><tr><td>8</td><td>notes payable and current maturities of long-term debt</td><td>-15.9 ( 15.9 )</td><td>-43.6 ( 43.6 )</td></tr><tr><td>9</td><td>other current liabilities</td><td>-451.7 ( 451.7 )</td><td>-459.6 ( 459.6 )</td></tr><tr><td>10</td><td>total current liabilities</td><td>-639.2 ( 639.2 )</td><td>-682.0 ( 682.0 )</td></tr><tr><td>11</td><td>total working capital</td><td>$ 548.2</td><td>$ 431.2</td></tr></table> accounts receivable at the end of 2007 was $ 586.9 million , up $ 27.7 million from year-end 2006 levels . the year-over- year increase in accounts receivable primarily reflects the impact of higher sales in the fourth quarter of 2007 and $ 25.1 million of currency translation . this increase in accounts receivable was partially offset by lower levels of receivables as a result of an improvement in days sales outstanding from 76 days at year-end 2006 to 73 days at year-end 2007. .\nQuestion: what was the change in value of total current liabilities from 2006 to 2007?\nAnswer: -42.8\nQuestion: what was the value of total current liabilities in 2006?\n" }, { "role": "agent", "content": "682.0" } ]
CONVFINQA1721	[ { "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\nadobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2013 and 2012 , 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>2013</td><td>2012</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 160468</td><td>$ 163607</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>20244</td><td>1038</td></tr><tr><td>4</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>16777</td><td>23771</td></tr><tr><td>5</td><td>settlements with taxing authorities</td><td>-55851 ( 55851 )</td><td>-1754 ( 1754 )</td></tr><tr><td>6</td><td>lapse of statute of limitations</td><td>-4066 ( 4066 )</td><td>-25387 ( 25387 )</td></tr><tr><td>7</td><td>foreign exchange gains and losses</td><td>-1474 ( 1474 )</td><td>-807 ( 807 )</td></tr><tr><td>8</td><td>ending balance</td><td>$ 136098</td><td>$ 160468</td></tr></table> as of november 29 , 2013 , 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 $ 11.4 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 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering our fiscal years 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , we initiated a restructuring plan consisting of reductions in workforce and the consolidation of facilities in order to better align our resources around our digital media and digital marketing strategies . during fiscal 2013 , we continued to implement restructuring activities under this plan . total costs incurred to date and expected to be incurred for closing redundant facilities are $ 12.2 million as all facilities under this plan have been exited as of november 29 , 2013 . other restructuring plans other restructuring plans include other adobe plans and other plans associated with certain of our acquisitions that are substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant . our other restructuring plans primarily consist of the 2009 restructuring plan , which was implemented in the fourth quarter of fiscal 2009 , in order to appropriately align our costs in connection with our fiscal 2010 operating plan. .\nQuestion: what was the gross amount of unrecognized tax benefits in 2012?\nAnswer: 160468.0\nQuestion: and what was it in 2011?\nAnswer: 163607.0\nQuestion: what was, then, the change over the year?\nAnswer: -3139.0\nQuestion: what was the gross amount of unrecognized tax benefits in 2011?\nAnswer: 163607.0\nQuestion: and how much does that change represent in relation to this 2011 gross amount, in percentage?\n" }, { "role": "agent", "content": "-0.01919" } ]
CONVFINQA4181	[ { "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\nnote 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>weighted average common shares outstanding for basic computations</td><td>284.5</td><td>287.8</td><td>299.3</td></tr><tr><td>3</td><td>weighted average dilutive effect of equity awards</td><td>2.3</td><td>2.8</td><td>3.8</td></tr><tr><td>4</td><td>weighted average common shares outstanding for diluted computations</td><td>286.8</td><td>290.6</td><td>303.1</td></tr></table> we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units ( rsus ) , performance stock units ( psus ) and exercise of outstanding stock options based on the treasury stock method . there were no significant anti-dilutive equity awards for the years ended december 31 , 2018 , 2017 and 2016 . note 3 2013 acquisition and divestitures consolidation of awe management limited on august 24 , 2016 , we increased our ownership interest in the awe joint venture , which operates the united kingdom 2019s nuclear deterrent program , from 33% ( 33 % ) to 51% ( 51 % ) . consequently , we began consolidating awe and our operating results include 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . prior to increasing our ownership interest , we accounted for our investment in awe using the equity method of accounting . under the equity method , we recognized only 33% ( 33 % ) of awe 2019s earnings or losses and no sales . accordingly , prior to august 24 , 2016 , the date we obtained control , we recorded 33% ( 33 % ) of awe 2019s net earnings in our operating results and subsequent to august 24 , 2016 , we recognized 100% ( 100 % ) of awe 2019s sales and 51% ( 51 % ) of its operating profit . we accounted for this transaction as a 201cstep acquisition 201d ( as defined by u.s . gaap ) , which requires us to consolidate and record the assets and liabilities of awe at fair value . accordingly , we recorded intangible assets of $ 243 million related to customer relationships , $ 32 million of net liabilities , and noncontrolling interests of $ 107 million . the intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows . in 2016 , we recognized a non-cash net gain of $ 104 million associated with obtaining a controlling interest in awe , which consisted of a $ 127 million pretax gain recognized in the operating results of our space business segment and $ 23 million of tax-related items at our corporate office . the gain represented the fair value of our 51% ( 51 % ) interest in awe , less the carrying value of our previously held investment in awe and deferred taxes . the gain was recorded in other income , net on our consolidated statements of earnings . the fair value of awe ( including the intangible assets ) , our controlling interest , and the noncontrolling interests were determined using the income approach . divestiture of the information systems & global solutions business on august 16 , 2016 , we divested our former is&gs business , which merged with leidos , in a reverse morris trust transaction ( the 201ctransaction 201d ) . the transaction was completed in a multi-step process pursuant to which we initially contributed the is&gs business to abacus innovations corporation ( abacus ) , a wholly owned subsidiary of lockheed martin created to facilitate the transaction , and the common stock of abacus was distributed to participating lockheed martin stockholders through an exchange offer . under the terms of the exchange offer , lockheed martin stockholders had the option to exchange shares of lockheed martin common stock for shares of abacus common stock . at the conclusion of the exchange offer , all shares of abacus common stock were exchanged for 9369694 shares of lockheed martin common stock held by lockheed martin stockholders that elected to participate in the exchange . the shares of lockheed martin common stock that were exchanged and accepted were retired , reducing the number of shares of our common stock outstanding by approximately 3% ( 3 % ) . following the exchange offer , abacus merged with a subsidiary of leidos , with abacus continuing as the surviving corporation and a wholly-owned subsidiary of leidos . as part of the merger , each share of abacus common stock was automatically converted into one share of leidos common stock . we did not receive any shares of leidos common stock as part of the transaction and do not hold any shares of leidos or abacus common stock following the transaction . based on an opinion of outside tax counsel , subject to customary qualifications and based on factual representations , the exchange offer and merger will qualify as tax-free transactions to lockheed martin and its stockholders , except to the extent that cash was paid to lockheed martin stockholders in lieu of fractional shares . in connection with the transaction , abacus borrowed an aggregate principal amount of approximately $ 1.84 billion under term loan facilities with third party financial institutions , the proceeds of which were used to make a one-time special cash payment of $ 1.80 billion to lockheed martin and to pay associated borrowing fees and expenses . the entire special cash payment was used to repay debt , pay dividends and repurchase stock during the third and fourth quarters of 2016 . the obligations under the abacus term loan facilities were guaranteed by leidos as part of the transaction. .\nQuestion: what was the total of weighted average common shares outstanding for basic computations in 2018?\nAnswer: 284.5\nQuestion: and what was it in 2017?\nAnswer: 287.8\nQuestion: what was, then, the change over the year?\nAnswer: -3.3\nQuestion: what was the total of weighted average common shares outstanding for basic computations in 2017?\n" }, { "role": "agent", "content": "287.8" } ]
CONVFINQA818	[ { "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 table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss . <table class='wikitable'><tr><td>1</td><td>contract type</td><td>balance in accumulated other comprehensive loss 2009</td><td>balance in accumulated other comprehensive loss 2008</td></tr><tr><td>2</td><td>interest rate swaps</td><td>$ 13053</td><td>$ 18874</td></tr></table> note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments . the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) . the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date . active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis . 2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date . level 2 includes those financial instruments that are valued using models or other valuation methodologies . these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures . substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace . 2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources . these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant . the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) . changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings . assets and liabilities measured at fair value are based on one or more of three valuation techniques . the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) .\nQuestion: what was the value of interest rate swaps in 2009?\nAnswer: 13053.0\nQuestion: and in 2008?\nAnswer: 18874.0\nQuestion: so how much did this value change during this time?\n" }, { "role": "agent", "content": "-5821.0" } ]
CONVFINQA4884	[ { "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\ncdw corporation and subsidiaries notes to consolidated financial statements 2013 denominator was impacted by the common shares issued during both the ipo and the underwriters 2019 exercise in full of the overallotment option granted to them in connection with the ipo . because such common shares were issued on july 2 , 2013 and july 31 , 2013 , respectively , they are only partially reflected in the 2013 denominator . such shares will be fully reflected in the 2014 denominator . see note 9 for additional discussion of the ipo . the dilutive effect of outstanding restricted stock , restricted stock units , stock options and mpk plan units is reflected in the denominator for diluted earnings per share using the treasury stock method . the following is a reconciliation of basic shares to diluted shares: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>weighted-average shares - basic</td><td>156.6</td><td>145.1</td><td>144.8</td></tr><tr><td>3</td><td>effect of dilutive securities</td><td>2.1</td><td>0.7</td><td>0.1</td></tr><tr><td>4</td><td>weighted-average shares - diluted</td><td>158.7</td><td>145.8</td><td>144.9</td></tr></table> for the years ended december 31 , 2013 , 2012 and 2011 , diluted earnings per share excludes the impact of 0.0 million , 0.0 million , and 4.3 million potential common shares , respectively , as their inclusion would have had an anti-dilutive effect . 12 . deferred compensation plan on march 10 , 2010 , in connection with the company 2019s purchase of $ 28.5 million principal amount of its outstanding senior subordinated debt , the company established the restricted debt unit plan ( the 201crdu plan 201d ) , an unfunded nonqualified deferred compensation plan . the total number of rdus that can be granted under the rdu plan is 28500 . at december 31 , 2013 , 28500 rdus were outstanding . rdus that are outstanding vest daily on a pro rata basis over the three-year period from january 1 , 2012 ( or , if later , the date of hire or the date of a subsequent rdu grant ) through december 31 , 2014 . participants have no rights to the underlying debt . the total amount of compensation available to be paid under the rdu plan was initially to be based on two components , a principal component and an interest component . the principal component credits the rdu plan with a notional amount equal to the $ 28.5 million face value of the senior subordinated notes ( the 201cdebt pool 201d ) , together with certain redemption premium equivalents as noted below . the interest component credits the rdu plan with amounts equal to the interest that would have been earned on the debt pool from march 10 , 2010 through maturity on october 12 , 2017 , except as discussed below . interest amounts for 2010 and 2011 were deferred until 2012 , and thereafter , interest amounts were paid to participants semi-annually on the interest payment due dates . payments totaling $ 1.7 million and $ 1.3 million were made to participants under the rdu plan in april and october 2013 , respectively , in connection with the semi-annual interest payments due . the company used a portion of the ipo proceeds together with incremental borrowings to redeem $ 324.0 million of the total senior subordinated notes outstanding on august 1 , 2013 . in connection with the ipo and the partial redemption of the senior subordinated notes , the company amended the rdu plan to increase the retentive value of the plan . in accordance with the original terms of the rdu plan , the principal component of the rdus converted to a cash-denominated pool upon the redemption of the senior subordinated notes . in addition , the company added $ 1.4 million to the principal component in the year ended december 31 , 2013 as redemption premium equivalents in accordance with the terms of the rdu plan . under the terms of the amended rdu plan , upon the partial redemption of outstanding senior subordinated notes , the rdus ceased to accrue the proportionate related interest component credits . the .\nQuestion: in the year of the 2011, what would have been the diluted earnings per share if the impact of 4.3 million potential common shares had not been excluded?\n" }, { "role": "agent", "content": "149.2" } ]
CONVFINQA9905	[ { "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\nfrom time to time , we may elect to use foreign currency forward contracts to reduce the risk from exchange rate fluctuations on intercompany transactions and projected inventory purchases for our european and canadian subsidiaries . in addition , we may elect to enter into foreign currency forward contracts to reduce the risk associated with foreign currency exchange rate fluctuations on pound sterling denominated balance sheet items . we do not enter into derivative financial instruments for speculative or trading purposes . based on the foreign currency forward contracts outstanding as of december 31 , 2011 , we receive u.s . dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.03 cad per $ 1.00 , u.s . dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 20ac0.77 per $ 1.00 and euros in exchange for pounds sterling at a weighted average contractual foreign currency exchange rate of a30.84 per 20ac1.00 . as of december 31 , 2011 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 51.1 million with contract maturities of 1 month or less , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 50.0 million with contract maturities of 1 month . as of december 31 , 2011 , the notional value of our outstanding foreign currency forward contract used to mitigate the foreign currency exchange rate fluctuations on pound sterling denominated balance sheet items was 20ac10.5 million , or $ 13.6 million , with a contract maturity of 1 month . the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other expense , net on the consolidated statements of income . the fair values of our foreign currency forward contracts were liabilities of $ 0.7 million and $ 0.6 million as of december 31 , 2011 and 2010 , respectively , and were included in accrued expenses on the consolidated balance sheet . refer to note 10 to the consolidated financial statements for a discussion of the fair value measurements . included in other expense , net were the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in thousands )</td><td>year ended december 31 , 2011</td><td>year ended december 31 , 2010</td><td>2009</td></tr><tr><td>2</td><td>unrealized foreign currency exchange rate gains ( losses )</td><td>$ -4027 ( 4027 )</td><td>$ -1280 ( 1280 )</td><td>$ 5222</td></tr><tr><td>3</td><td>realized foreign currency exchange rate gains ( losses )</td><td>298</td><td>-2638 ( 2638 )</td><td>-261 ( 261 )</td></tr><tr><td>4</td><td>unrealized derivative losses</td><td>-31 ( 31 )</td><td>-809 ( 809 )</td><td>-1060 ( 1060 )</td></tr><tr><td>5</td><td>realized derivative gains ( losses )</td><td>1696</td><td>3549</td><td>-4412 ( 4412 )</td></tr></table> we enter into foreign currency forward contracts with major financial institutions with investment grade credit ratings and are exposed to credit losses in the event of non-performance by these financial institutions . this credit risk is generally limited to the unrealized gains in the foreign currency forward contracts . however , we monitor the credit quality of these financial institutions and consider the risk of counterparty default to be minimal . although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations . inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results . although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. .\nQuestion: what is the change in the balance of foreign currency forward contracts liability from 2010 to 2011?\nAnswer: 0.1\nQuestion: what is the balance of foreign currency forward contracts liability in 2010?\n" }, { "role": "agent", "content": "0.6" } ]
CONVFINQA6780	[ { "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 level 3 rollforward if a derivative was transferred to level 3 during a reporting period , its entire gain or loss for the period is included in level 3 . transfers between levels are reported at the beginning of the reporting period in which they occur . in the tables below , negative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities . gains and losses on level 3 derivatives should be considered in the context of the following : 2030 a derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input . 2030 if there is one significant level 3 input , the entire gain or loss from adjusting only observable inputs ( i.e. , level 1 and level 2 inputs ) is classified as level 3 . 2030 gains or losses that have been reported in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1 , level 2 and level 3 cash instruments . as a result , gains/ ( losses ) included in the level 3 rollforward below do not necessarily represent the overall impact on the firm 2019s results of operations , liquidity or capital resources . the tables below present changes in fair value for all derivatives categorized as level 3 as of the end of the year. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance beginning of year</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 net realized gains/ ( losses )</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 net unrealized gains/ ( losses ) relating to instruments still held at year-end</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 purchases</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 sales</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 settlements</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers into level 3</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 transfers out of level 3</td><td>level 3 derivative assets and liabilities at fair value for the year ended december 2013 asset/ ( liability ) balance endof year</td></tr><tr><td>2</td><td>interest rates 2014 net</td><td>$ -355 ( 355 )</td><td>$ -78 ( 78 )</td><td>$ 168</td><td>$ 1</td><td>$ -8 ( 8 )</td><td>$ 196</td><td>$ -9 ( 9 )</td><td>$ -1 ( 1 )</td><td>$ -86 ( 86 )</td></tr><tr><td>3</td><td>credit 2014 net</td><td>6228</td><td>-1 ( 1 )</td><td>-977 ( 977 )</td><td>201</td><td>-315 ( 315 )</td><td>-1508 ( 1508 )</td><td>695</td><td>-147 ( 147 )</td><td>4176</td></tr><tr><td>4</td><td>currencies 2014 net</td><td>35</td><td>-93 ( 93 )</td><td>-419 ( 419 )</td><td>22</td><td>-6 ( 6 )</td><td>169</td><td>139</td><td>-47 ( 47 )</td><td>-200 ( 200 )</td></tr><tr><td>5</td><td>commodities 2014 net</td><td>-304 ( 304 )</td><td>-6 ( 6 )</td><td>58</td><td>21</td><td>-48 ( 48 )</td><td>281</td><td>50</td><td>8</td><td>60</td></tr><tr><td>6</td><td>equities 2014 net</td><td>-1248 ( 1248 )</td><td>-67 ( 67 )</td><td>-202 ( 202 )</td><td>77</td><td>-472 ( 472 )</td><td>1020</td><td>-15 ( 15 )</td><td>-52 ( 52 )</td><td>-959 ( 959 )</td></tr><tr><td>7</td><td>total derivatives 2014 net</td><td>$ 4356</td><td>$ ( 245 ) 1</td><td>$ ( 1372 ) 1</td><td>$ 322</td><td>$ -849 ( 849 )</td><td>$ 158</td><td>$ 860</td><td>$ -239 ( 239 )</td><td>$ 2991</td></tr></table> 1 . the aggregate amounts include losses of approximately $ 1.29 billion and $ 324 million reported in 201cmarket making 201d and 201cother principal transactions , 201d respectively . the net unrealized loss on level 3 derivatives of $ 1.37 billion for 2013 principally resulted from changes in level 2 inputs and was primarily attributable to losses on certain credit derivatives , principally due to the impact of tighter credit spreads , and losses on certain currency derivatives , primarily due to changes in foreign exchange rates . transfers into level 3 derivatives during 2013 primarily reflected transfers of credit derivative assets from level 2 , principally due to reduced transparency of upfront credit points and correlation inputs used to value these derivatives . transfers out of level 3 derivatives during 2013 primarily reflected transfers of certain credit derivatives to level 2 , principally due to unobservable credit spread and correlation inputs no longer being significant to the valuation of these derivatives and unobservable inputs not being significant to the net risk of certain portfolios . goldman sachs 2013 annual report 143 .\nQuestion: what was the change in the total derivatives for level 3 derivative assets and liabilities at fair value throughout 2013, in millions?\n" }, { "role": "agent", "content": "-1365.0" } ]
CONVFINQA1685	[ { "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 segment had operating earnings of $ 709 million in 2007 , compared to operating earnings of $ 787 million in 2006 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by : ( i ) lower net sales of iden infrastructure equipment , and ( ii ) continued competitive pricing pressure in the market for gsm infrastructure equipment , partially offset by : ( i ) increased net sales of digital entertainment devices , and ( ii ) the reversal of reorganization of business accruals recorded in 2006 relating to employee severance which were no longer needed . sg&a expenses increased primarily due to the expenses from recently acquired businesses , partially offset by savings from cost-reduction initiatives . r&d expenditures decreased primarily due to savings from cost- reduction initiatives , partially offset by expenditures by recently acquired businesses and continued investment in digital entertainment devices and wimax . as a percentage of net sales in 2007 as compared to 2006 , gross margin , sg&a expenses , r&d expenditures and operating margin all decreased . in 2007 , sales to the segment 2019s top five customers represented approximately 43% ( 43 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.6 billion at december 31 , 2007 , compared to $ 3.2 billion at december 31 , 2006 . in the home business , demand for the segment 2019s products depends primarily on the level of capital spending by broadband operators for constructing , rebuilding or upgrading their communications systems , and for offering advanced services . during the second quarter of 2007 , the segment began shipping digital set-tops that support the federal communications commission ( 201cfcc 201d ) 2014 mandated separable security requirement . fcc regulations mandating the separation of security functionality from set-tops went into effect on july 1 , 2007 . as a result of these regulations , many cable service providers accelerated their purchases of set-tops in the first half of 2007 . additionally , in 2007 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly hd/dvr devices . during 2007 , the segment completed the acquisitions of : ( i ) netopia , inc. , a broadband equipment provider for dsl customers , which allows for phone , tv and fast internet connections , ( ii ) tut systems , inc. , a leading developer of edge routing and video encoders , ( iii ) modulus video , inc. , a provider of mpeg-4 advanced coding compression systems designed for delivery of high-value video content in ip set-top devices for the digital video , broadcast and satellite marketplaces , ( iv ) terayon communication systems , inc. , a provider of real-time digital video networking applications to cable , satellite and telecommunication service providers worldwide , and ( v ) leapstone systems , inc. , a provider of intelligent multimedia service delivery and content management applications to networks operators . these acquisitions enhance our ability to provide complete end-to-end systems for the delivery of advanced video , voice and data services . in december 2007 , motorola completed the sale of ecc to emerson for $ 346 million in cash . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radio , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 201cgovernment and public safety market 201d ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 201ccommercial enterprise market 201d ) . in 2008 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2007 and 13% ( 13 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 2008</td><td>years ended december 31 2007</td><td>years ended december 31 2006</td><td>years ended december 31 2008 20142007</td><td>2007 20142006</td></tr><tr><td>2</td><td>segment net sales</td><td>$ 8093</td><td>$ 7729</td><td>$ 5400</td><td>5% ( 5 % )</td><td>43% ( 43 % )</td></tr><tr><td>3</td><td>operating earnings</td><td>1496</td><td>1213</td><td>958</td><td>23% ( 23 % )</td><td>27% ( 27 % )</td></tr></table> segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 5% ( 5 % ) to $ 8.1 billion , compared to $ 7.7 billion in 2007 . the 5% ( 5 % ) increase in net sales reflects an 8% ( 8 % ) increase in net sales to the government and public safety market , partially offset by a 2% ( 2 % ) decrease in net sales to the commercial enterprise market . the increase in net sales to the government and public safety market was primarily driven by : ( i ) increased net sales outside of north america , and ( ii ) the net sales generated by vertex standard co. , ltd. , a business the company acquired a controlling interest of in january 2008 , partially offset by lower net sales in north america . on a geographic basis , the segment 2019s net sales were higher in emea , asia and latin america and lower in north america . 65management 2019s discussion and analysis of financial condition and results of operations %%transmsg* transmitting job : c49054 pcn : 068000000 *%%pcmsg\|65 \|00024\|yes\|no\|02/24/2009 12:31\|0\|0\|page is valid , no graphics -- color : n\| .\nQuestion: what was the amount of the reduction in the segment 2019s backlog in 2007?\nAnswer: 2.6\nQuestion: what was the amount in 2006?\nAnswer: 3.2\nQuestion: what is the net difference?\n" }, { "role": "agent", "content": "-0.6" } ]
CONVFINQA3177	[ { "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 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather . the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . see note 2 to the financial statements for further discussion of the business combination and customer credits . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2014 net revenue</td><td>$ 2224</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-310 ( 310 )</td></tr><tr><td>4</td><td>vermont yankee shutdown in december 2014</td><td>-305 ( 305 )</td></tr><tr><td>5</td><td>nuclear volume excluding vermont yankee effect</td><td>20</td></tr><tr><td>6</td><td>other</td><td>37</td></tr><tr><td>7</td><td>2015 net revenue</td><td>$ 1666</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 . the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .\nQuestion: what was the tax benefit from the the stipulated settlement in the business combination granting customer credits in 2015?\n" }, { "role": "agent", "content": "41.0" } ]
CONVFINQA8883	[ { "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\non a regular basis our special asset committee closely monitors loans , primarily commercial loans , that are not included in the nonperforming or accruing past due categories and for which we are uncertain about the borrower 2019s ability to comply with existing repayment terms . these loans totaled $ .2 billion at both december 31 , 2014 and december 31 , 2013 . home equity loan portfolio our home equity loan portfolio totaled $ 34.7 billion as of december 31 , 2014 , or 17% ( 17 % ) of the total loan portfolio . of that total , $ 20.4 billion , or 59% ( 59 % ) , was outstanding under primarily variable-rate home equity lines of credit and $ 14.3 billion , or 41% ( 41 % ) , consisted of closed-end home equity installment loans . approximately 3% ( 3 % ) of the home equity portfolio was on nonperforming status as of december 31 , 2014 . as of december 31 , 2014 , we are in an originated first lien position for approximately 51% ( 51 % ) of the total portfolio and , where originated as a second lien , we currently hold or service the first lien position for approximately an additional 2% ( 2 % ) of the portfolio . the remaining 47% ( 47 % ) of the portfolio was secured by second liens where we do not hold the first lien position . the credit performance of the majority of the home equity portfolio where we are in , hold or service the first lien position , is superior to the portion of the portfolio where we hold the second lien position but do not hold the first lien . lien position information is generally based upon original ltv at the time of origination . however , after origination pnc is not typically notified when a senior lien position that is not held by pnc is satisfied . therefore , information about the current lien status of junior lien loans is less readily available in cases where pnc does not also hold the senior lien . additionally , pnc is not typically notified when a junior lien position is added after origination of a pnc first lien . this updated information for both junior and senior liens must be obtained from external sources , and therefore , pnc has contracted with an industry-leading third-party service provider to obtain updated loan , lien and collateral data that is aggregated from public and private sources . we track borrower performance monthly , including obtaining original ltvs , updated fico scores at least quarterly , updated ltvs semi-annually , and other credit metrics at least quarterly , including the historical performance of any mortgage loans regardless of lien position that we do or do not hold . this information is used for internal reporting and risk management . for internal reporting and risk management we also segment the population into pools based on product type ( e.g. , home equity loans , brokered home equity loans , home equity lines of credit , brokered home equity lines of credit ) . as part of our overall risk analysis and monitoring , we segment the home equity portfolio based upon the delinquency , modification status and bankruptcy status of these loans , as well as the delinquency , modification status and bankruptcy status of any mortgage loan with the same borrower ( regardless of whether it is a first lien senior to our second lien ) . in establishing our alll for non-impaired loans , we primarily utilize a delinquency roll-rate methodology for pools of loans . in accordance with accounting principles , under this methodology , we establish our allowance based upon incurred losses , not lifetime expected losses . the roll-rate methodology estimates transition/roll of loan balances from one delinquency state ( e.g. , 30-59 days past due ) to another delinquency state ( e.g. , 60-89 days past due ) and ultimately to charge-off . the roll through to charge-off is based on pnc 2019s actual loss experience for each type of pool . each of our home equity pools contains both first and second liens . our experience has been that the ratio of first to second lien loans has been consistent over time and the charge-off amounts for the pools , used to establish our allowance , include losses on both first and second liens loans . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20-year amortization term . during the draw period , we have home equity lines of credit where borrowers pay either interest or principal and interest . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . the risk associated with the borrower 2019s ability to satisfy the loan terms upon the draw period ending is considered in establishing our alll . based upon outstanding balances at december 31 , 2014 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 36 : home equity lines of credit 2013 draw period end in millions interest only product principal and interest product . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>interest onlyproduct</td><td>principal andinterest product</td></tr><tr><td>2</td><td>2015</td><td>$ 1597</td><td>$ 541</td></tr><tr><td>3</td><td>2016</td><td>1366</td><td>437</td></tr><tr><td>4</td><td>2017</td><td>2434</td><td>596</td></tr><tr><td>5</td><td>2018</td><td>1072</td><td>813</td></tr><tr><td>6</td><td>2019 and thereafter</td><td>3880</td><td>5391</td></tr><tr><td>7</td><td>total ( a ) ( b )</td><td>$ 10349</td><td>$ 7778</td></tr></table> ( a ) includes all home equity lines of credit that mature in 2015 or later , including those with borrowers where we have terminated borrowing privileges . ( b ) includes approximately $ 154 million , $ 48 million , $ 57 million , $ 42 million and $ 564 million of home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2015 , 2016 , 2017 , 2018 and 2019 and thereafter , respectively . 76 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: as of december 31, 2014 what was the value of the home equity loan portfolio, in billions?\nAnswer: 34.7\nQuestion: and what percentage did it represent in relation to the total loan portfolio?\nAnswer: 17.0\nQuestion: what amount, then, in hundreds of billions, was this total loan portfolio?\nAnswer: 2.04118\nQuestion: and what is that in billions?\nAnswer: 204.11765\nQuestion: in that same date, what percentage of the total includes home equity lines of credit with balloon payments , including those where we have terminated borrowing privileges , with draw periods scheduled to end in 2016?\n" }, { "role": "agent", "content": "0.00464" } ]
CONVFINQA9346	[ { "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\ncertain reclassifications and format changes have been made to prior years 2019 amounts to conform to the 2015 presentation . b . investments . fixed maturity and equity security investments available for sale , at market value , reflect unrealized appreciation and depreciation , as a result of temporary changes in market value during the period , in shareholders 2019 equity , net of income taxes in 201caccumulated other comprehensive income ( loss ) 201d in the consolidated balance sheets . fixed maturity and equity securities carried at fair value reflect fair value re- measurements as net realized capital gains and losses in the consolidated statements of operations and comprehensive income ( loss ) . the company records changes in fair value for its fixed maturities available for sale , at market value through shareholders 2019 equity , net of taxes in accumulated other comprehensive income ( loss ) since cash flows from these investments will be primarily used to settle its reserve for losses and loss adjustment expense liabilities . the company anticipates holding these investments for an extended period as the cash flow from interest and maturities will fund the projected payout of these liabilities . fixed maturities carried at fair value represent a portfolio of convertible bond securities , which have characteristics similar to equity securities and at times , designated foreign denominated fixed maturity securities , which will be used to settle loss and loss adjustment reserves in the same currency . the company carries all of its equity securities at fair value except for mutual fund investments whose underlying investments are comprised of fixed maturity securities . for equity securities , available for sale , at fair value , the company reflects changes in value as net realized capital gains and losses since these securities may be sold in the near term depending on financial market conditions . interest income on all fixed maturities and dividend income on all equity securities are included as part of net investment income in the consolidated statements of operations and comprehensive income ( loss ) . unrealized losses on fixed maturities , which are deemed other-than-temporary and related to the credit quality of a security , are charged to net income ( loss ) as net realized capital losses . short-term investments are stated at cost , which approximates market value . realized gains or losses on sales of investments are determined on the basis of identified cost . for non- publicly traded securities , market prices are determined through the use of pricing models that evaluate securities relative to the u.s . treasury yield curve , taking into account the issue type , credit quality , and cash flow characteristics of each security . for publicly traded securities , market value is based on quoted market prices or valuation models that use observable market inputs . when a sector of the financial markets is inactive or illiquid , the company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value . retrospective adjustments are employed to recalculate the values of asset-backed securities . each acquisition lot is reviewed to recalculate the effective yield . the recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition . outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities . conditional prepayment rates , computed with life to date factor histories and weighted average maturities , are used to effect the calculation of projected and prepayments for pass-through security types . other invested assets include limited partnerships and rabbi trusts . limited partnerships are accounted for under the equity method of accounting , which can be recorded on a monthly or quarterly lag . c . uncollectible receivable balances . the company provides reserves for uncollectible reinsurance recoverable and premium receivable balances based on management 2019s assessment of the collectability of the outstanding balances . such reserves are presented in the table below for the periods indicated. . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td></tr><tr><td>2</td><td>reinsurance receivables and premium receivables</td><td>$ 22878</td><td>$ 29497</td></tr></table> .\nQuestion: what was the change in the balance of reinsurance receivables and premium receivables from 2014 to 2015?\nAnswer: -6619.0\nQuestion: and what was that balance in 2014?\n" }, { "role": "agent", "content": "29497.0" } ]
CONVFINQA11084	[ { "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\ncontractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2018 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management fffds estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>payments due by period total</td><td>payments due by period fiscal 2019</td><td>payments due by period fiscal 2020and 2021</td><td>payments due by period fiscal 2022and 2023</td><td>payments due by period thereafter</td></tr><tr><td>2</td><td>long-term debt including current portionexcluding capital lease obligations ( 1 )</td><td>$ 6039.0</td><td>$ 726.6</td><td>$ 824.8</td><td>$ 1351.0</td><td>$ 3136.6</td></tr><tr><td>3</td><td>operating lease obligations ( 2 )</td><td>615.8</td><td>132.1</td><td>199.9</td><td>118.4</td><td>165.4</td></tr><tr><td>4</td><td>capital lease obligations ( 3 )</td><td>152.5</td><td>5.0</td><td>6.7</td><td>2.7</td><td>138.1</td></tr><tr><td>5</td><td>purchase obligations and other ( 4 ) ( 5 ) ( 6 )</td><td>2210.5</td><td>1676.6</td><td>224.1</td><td>114.9</td><td>194.9</td></tr><tr><td>6</td><td>total</td><td>$ 9017.8</td><td>$ 2540.3</td><td>$ 1255.5</td><td>$ 1587.0</td><td>$ 3635.0</td></tr></table> ( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 205.2 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see fffdnote 13 . debt fffd fffd of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see fffdnote 14 . operating leases fffd of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 18.5 million is excluded . see fffdnote 13 . debt fffd fffd capital lease and other indebtednesstt fffd of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 247.8 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2018 due to lack of definite payout terms for certain of the obligations . see fffdnote 4 . retirement plans fffd multiemployer plans fffd of the notes to consolidated financial statements for additional information . ( 6 ) we have not included the following items in the table : fffd an item labeled fffdother long-term liabilities fffd reflected on our consolidated balance sheet because these liabilities do not have a definite pay-out scheme . fffd $ 158.4 million from the line item fffdpurchase obligations and other fffd for certain provisions of the financial accounting standards board fffds ( fffdfasb fffd ) accounting standards codification ( fffdasc fffd ) 740 , fffdincome taxes fffd associated with liabilities for uncertain tax positions due to the uncertainty as to the amount and timing of payment , if any . in addition to the enforceable and legally binding obligations presented in the table above , we have other obligations for goods and services and raw materials entered into in the normal course of business . these contracts , however , are subject to change based on our business decisions . expenditures for environmental compliance see item 1 . fffdbusiness fffd fffd governmental regulation fffd environmental and other matters fffd , fffdbusiness fffd fffd governmental regulation fffd cercla and other remediation costs fffd , and fffd fffdbusiness fffd fffd governmental regulation fffd climate change fffd for a discussion of our expenditures for environmental compliance. .\nQuestion: what is the total of payments differed until after 2023?\nAnswer: 3635.0\nQuestion: and what is the full amount of all payments?\n" }, { "role": "agent", "content": "9017.8" } ]
CONVFINQA3498	[ { "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\n152 the pnc financial services group , inc . 2013 form 10-k in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted . we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position . however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period . note 20 commitments in the normal course of business , we have various commitments outstanding , certain of which are not included on our consolidated balance sheet . the following table presents our outstanding commitments to extend credit along with significant other commitments as of december 31 , 2017 and december 31 , 2016 , respectively . table 98 : commitments to extend credit and other commitments in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 31 2017</td><td>december 31 2016</td></tr><tr><td>2</td><td>commitments to extend credit</td><td>-</td><td>-</td></tr><tr><td>3</td><td>total commercial lending</td><td>$ 112125</td><td>$ 108256</td></tr><tr><td>4</td><td>home equity lines of credit</td><td>17852</td><td>17438</td></tr><tr><td>5</td><td>credit card</td><td>24911</td><td>22095</td></tr><tr><td>6</td><td>other</td><td>4753</td><td>4192</td></tr><tr><td>7</td><td>total commitments to extend credit</td><td>159641</td><td>151981</td></tr><tr><td>8</td><td>net outstanding standby letters ofcredit ( a )</td><td>8651</td><td>8324</td></tr><tr><td>9</td><td>reinsurance agreements ( b )</td><td>1654</td><td>1835</td></tr><tr><td>10</td><td>standby bond purchase agreements ( c )</td><td>843</td><td>790</td></tr><tr><td>11</td><td>other commitments ( d )</td><td>1732</td><td>967</td></tr><tr><td>12</td><td>total commitments to extendcredit and other commitments</td><td>$ 172521</td><td>$ 163897</td></tr></table> commitments to extend credit , or net unfunded loan commitments , represent arrangements to lend funds or provide liquidity subject to specified contractual conditions . these commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates . net outstanding standby letters of credit we issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . approximately 91% ( 91 % ) and 94% ( 94 % ) of our net outstanding standby letters of credit were rated as pass as of december 31 , 2017 and december 31 , 2016 , respectively , with the remainder rated as below pass . an internal credit rating of pass indicates the expected risk of loss is currently low , while a rating of below pass indicates a higher degree of risk . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2017 had terms ranging from less than one year to seven years . as of december 31 , 2017 , assets of $ 1.3 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ .2 billion at december 31 , 2017 and is included in other liabilities on our consolidated balance sheet. .\nQuestion: what was the change in total commitments to extend credit from 2016 to 2017?\n" }, { "role": "agent", "content": "7660.0" } ]
CONVFINQA176	[ { "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\nmarathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions . ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios . in february 2008 , the outstanding balance was repaid and the facility was terminated . ( i ) these notes are senior secured notes of marathon oil canada corporation . the notes were secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million . ( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million . of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero . ( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable . ( m ) see note 17 for information on interest rate swaps . on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 . interest on both issues is payable semi- annually beginning august 15 , 2009 . 21 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>asset retirement obligations as of january 1</td><td>$ 1134</td><td>$ 1044</td></tr><tr><td>3</td><td>liabilities incurred including acquisitions</td><td>30</td><td>60</td></tr><tr><td>4</td><td>liabilities settled</td><td>-94 ( 94 )</td><td>-10 ( 10 )</td></tr><tr><td>5</td><td>accretion expense ( included in depreciation depletion and amortization )</td><td>66</td><td>61</td></tr><tr><td>6</td><td>revisions to previous estimates</td><td>24</td><td>-17 ( 17 )</td></tr><tr><td>7</td><td>held for sale ( a )</td><td>-195 ( 195 )</td><td>2013</td></tr><tr><td>8</td><td>deconsolidation of egholdings</td><td>2013</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>asset retirement obligations as of december 31 ( b )</td><td>$ 965</td><td>$ 1134</td></tr></table> asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale . ( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. .\nQuestion: what was the value of asset retirement obligations at the end of 2008?\n" }, { "role": "agent", "content": "965.0" } ]
CONVFINQA3257	[ { "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 a new business model such as the retail segment is inherently risky , particularly in light of the significant investment involved , the current economic climate , and the fixed nature of a substantial portion of the retail segment's operating expenses . results for this segment are dependent upon a number of risks and uncertainties , some of which are discussed below under the heading \"factors that may affect future results and financial condition.\" backlog in the company's experience , the actual amount of product backlog at any particular time is not a meaningful indication of its future business prospects . in particular , backlog often increases in anticipation of or immediately following new product introductions because of over- ordering by dealers anticipating shortages . backlog often is reduced once dealers and customers believe they can obtain sufficient supply . because of the foregoing , backlog cannot be considered a reliable indicator of the company's ability to achieve any particular level of revenue or financial performance . further information regarding the company's backlog may be found below under the heading \"factors that may affect future results and financial condition.\" gross margin gross margin for the three fiscal years ended september 28 , 2002 are as follows ( in millions , except gross margin percentages ) : gross margin increased to 28% ( 28 % ) of net sales in 2002 from 23% ( 23 % ) in 2001 . as discussed below , gross margin in 2001 was unusually low resulting from negative gross margin of 2% ( 2 % ) experienced in the first quarter of 2001 . as a percentage of net sales , the company's quarterly gross margins declined during fiscal 2002 from 31% ( 31 % ) in the first quarter down to 26% ( 26 % ) in the fourth quarter . this decline resulted from several factors including a rise in component costs as the year progressed and aggressive pricing by the company across its products lines instituted as a result of continued pricing pressures in the personal computer industry . the company anticipates that its gross margin and the gross margin of the overall personal computer industry will remain under pressure throughout fiscal 2003 in light of weak economic conditions , flat demand for personal computers in general , and the resulting pressure on prices . the foregoing statements regarding anticipated gross margin in 2003 and the general demand for personal computers during 2003 are forward- looking . gross margin could differ from anticipated levels because of several factors , including certain of those set forth below in the subsection entitled \"factors that may affect future results and financial condition.\" there can be no assurance that current gross margins will be maintained , targeted gross margin levels will be achieved , or current margins on existing individual products will be maintained . in general , gross margins and margins on individual products will remain under significant downward pressure due to a variety of factors , including continued industry wide global pricing pressures , increased competition , compressed product life cycles , potential increases in the cost and availability of raw material and outside manufacturing services , and potential changes to the company's product mix , including higher unit sales of consumer products with lower average selling prices and lower gross margins . in response to these downward pressures , the company expects it will continue to take pricing actions with respect to its products . gross margins could also be affected by the company's ability to effectively manage quality problems and warranty costs and to stimulate demand for certain of its products . the company's operating strategy and pricing take into account anticipated changes in foreign currency exchange rates over time ; however , the company's results of operations can be significantly affected in the short-term by fluctuations in exchange rates . the company orders components for its products and builds inventory in advance of product shipments . because the company's markets are volatile and subject to rapid technology and price changes , there is a risk the company will forecast incorrectly and produce or order from third parties excess or insufficient inventories of particular products or components . the company's operating results and financial condition have been in the past and may in the future be materially adversely affected by the company's ability to manage its inventory levels and outstanding purchase commitments and to respond to short-term shifts in customer demand patterns . gross margin declined to 23% ( 23 % ) of net sales in 2001 from 27% ( 27 % ) in 2000 . this decline resulted primarily from gross margin of negative 2% ( 2 % ) experienced during the first quarter of 2001 compared to 26% ( 26 % ) gross margin for the same quarter in 2000 . in addition to lower than normal net . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net sales</td><td>$ 5742</td><td>$ 5363</td><td>$ 7983</td></tr><tr><td>3</td><td>cost of sales</td><td>4139</td><td>4128</td><td>5817</td></tr><tr><td>4</td><td>gross margin</td><td>$ 1603</td><td>$ 1235</td><td>$ 2166</td></tr><tr><td>5</td><td>gross margin percentage</td><td>28% ( 28 % )</td><td>23% ( 23 % )</td><td>27% ( 27 % )</td></tr></table> .\nQuestion: what were net sales in 2002?\nAnswer: 5742.0\nQuestion: what were net sales in 2001?\nAnswer: 5363.0\nQuestion: what was the net change?\n" }, { "role": "agent", "content": "379.0" } ]
CONVFINQA644	[ { "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 arkansas , inc . management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue . the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case . the base rate case is discussed in more detail in note 2 to the financial statements . 2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate . the decrease was partially offset by higher net revenue . net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2007 net revenue</td><td>$ 1110.6</td></tr><tr><td>3</td><td>rider revenue</td><td>13.6</td></tr><tr><td>4</td><td>purchased power capacity</td><td>4.8</td></tr><tr><td>5</td><td>volume/weather</td><td>-14.6 ( 14.6 )</td></tr><tr><td>6</td><td>other</td><td>3.5</td></tr><tr><td>7</td><td>2008 net revenue</td><td>$ 1117.9</td></tr></table> the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 . the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income . also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues . the corresponding increase is in taxes other than income taxes , resulting in no effect on net income . the purchased power capacity variance is primarily due to lower reserve equalization expenses . the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class . billed electricity usage decreased 333 gwh in all sectors . see \"critical accounting estimates\" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .\nQuestion: what was the net revenue in 2007?\nAnswer: 1110.6\nQuestion: and in 2008?\nAnswer: 1117.9\nQuestion: so what was the difference between these two values?\n" }, { "role": "agent", "content": "-7.3" } ]
CONVFINQA3041	[ { "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\n22 general mills 2014 annual report 23 gross margin declined 1 percent in fiscal 2014 versus fiscal 2013 . gross margin as a percent of net sales of 36 percent was relatively flat compared to fiscal 2013 . selling , general and administrative ( sg&a ) expenses decreased $ 78 million in fiscal 2014 versus fiscal 2013 . the decrease in sg&a expenses was primarily driven by a 3 percent decrease in advertising and media expense , a smaller contribution to the general mills foundation , a decrease in incentive compensation expense and lower pension expense compared to fiscal 2013 . in fiscal 2014 , we recorded a $ 39 million charge related to venezuela currency devaluation compared to a $ 9 million charge in fiscal 2013 . in addition , we recorded $ 12 million of inte- gration costs in fiscal 2013 related to our acquisition of yoki . sg&a expenses as a percent of net sales decreased 1 percent compared to fiscal 2013 . restructuring , impairment , and other exit costs totaled $ 4 million in fiscal 2014 . the restructuring charge related to a productivity and cost savings plan approved in the fourth quarter of fiscal 2012 . these restructuring actions were completed in fiscal 2014 . in fiscal 2014 , we paid $ 22 million in cash related to restructuring actions . during fiscal 2014 , we recorded a divestiture gain of $ 66 million related to the sale of certain grain elevators in our u.s . retail segment . there were no divestitures in fiscal 2013 . interest , net for fiscal 2014 totaled $ 302 million , $ 15 million lower than fiscal 2013 . the average interest rate decreased 41 basis points , including the effect of the mix of debt , generating a $ 31 million decrease in net interest . average interest bearing instruments increased $ 367 million , generating a $ 16 million increase in net interest . our consolidated effective tax rate for fiscal 2014 was 33.3 percent compared to 29.2 percent in fiscal 2013 . the 4.1 percentage point increase was primarily related to the restructuring of our general mills cereals , llc ( gmc ) subsidiary during the first quarter of 2013 which resulted in a $ 63 million decrease to deferred income tax liabilities related to the tax basis of the investment in gmc and certain distributed assets , with a correspond- ing non-cash reduction to income taxes . during fiscal 2013 , we also recorded a $ 34 million discrete decrease in income tax expense and an increase in our deferred tax assets related to certain actions taken to restore part of the tax benefits associated with medicare part d subsidies which had previously been reduced in fiscal 2010 with the enactment of the patient protection and affordable care act , as amended by the health care and education reconciliation act of 2010 . our fiscal 2013 tax expense also includes a $ 12 million charge associated with the liquidation of a corporate investment . after-tax earnings from joint ventures for fiscal 2014 decreased to $ 90 million compared to $ 99 million in fiscal 2013 primarily driven by increased consumer spending at cereal partners worldwide ( cpw ) and unfavorable foreign currency exchange from h e4agen- dazs japan , inc . ( hdj ) . the change in net sales for each joint venture is set forth in the following table : joint venture change in net sales as reported constant currency basis fiscal 2014 fiscal 2014 vs . 2013 vs . 2013 cpw ( 1 ) % ( % ) flat . <table class='wikitable'><tr><td>1</td><td>cpw</td><td>as reported fiscal 2014 vs . 2013 ( 1 ) % ( % )</td><td>constant currency basis fiscal 2014 vs . 2013 flat</td><td>-</td></tr><tr><td>2</td><td>hdj</td><td>-8 ( 8 )</td><td>9</td><td>% ( % )</td></tr><tr><td>3</td><td>joint ventures</td><td>( 2 ) % ( % )</td><td>2</td><td>% ( % )</td></tr></table> in fiscal 2014 , cpw net sales declined by 1 percent- age point due to unfavorable foreign currency exchange . contribution from volume growth was flat compared to fiscal 2013 . in fiscal 2014 , net sales for hdj decreased 8 percentage points from fiscal 2013 as 11 percentage points of contributions from volume growth was offset by 17 percentage points of net sales decline from unfa- vorable foreign currency exchange and 2 percentage points of net sales decline attributable to unfavorable net price realization and mix . average diluted shares outstanding decreased by 20 million in fiscal 2014 from fiscal 2013 due primar- ily to the repurchase of 36 million shares , partially offset by the issuance of 7 million shares related to stock compensation plans . fiscal 2014 consolidated balance sheet analysis cash and cash equivalents increased $ 126 million from fiscal 2013 . receivables increased $ 37 million from fiscal 2013 pri- marily driven by timing of sales . inventories increased $ 14 million from fiscal 2013 . prepaid expenses and other current assets decreased $ 29 million from fiscal 2013 , mainly due to a decrease in other receivables related to the liquidation of a corporate investment . land , buildings , and equipment increased $ 64 million from fiscal 2013 , as $ 664 million of capital expenditures .\nQuestion: what was the change in earnings generated from joint ventures from 2013 to 2014?\n" }, { "role": "agent", "content": "-9.0" } ]
CONVFINQA974	[ { "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 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . cib 2019s markets businesses represent both fixed income markets and equity markets . the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) . management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 48 . ( c ) prior period amounts were revised to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 61 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions except rates )</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>net interest income 2013 managed basis ( a ) ( b )</td><td>$ 47292</td><td>$ 44620</td><td>$ 44619</td></tr><tr><td>3</td><td>less : cib markets net interest income ( c )</td><td>6334</td><td>5298</td><td>6032</td></tr><tr><td>4</td><td>net interest income excluding cib markets ( a )</td><td>$ 40958</td><td>$ 39322</td><td>$ 38587</td></tr><tr><td>5</td><td>average interest-earning assets</td><td>$ 2101604</td><td>$ 2088242</td><td>$ 2049093</td></tr><tr><td>6</td><td>less : average cib markets interest-earning assets ( c )</td><td>520307</td><td>510292</td><td>522989</td></tr><tr><td>7</td><td>average interest-earning assets excluding cib markets</td><td>$ 1581297</td><td>$ 1577950</td><td>$ 1526104</td></tr><tr><td>8</td><td>net interest yield on average interest-earning assets 2013 managed basis</td><td>2.25% ( 2.25 % )</td><td>2.14% ( 2.14 % )</td><td>2.18% ( 2.18 % )</td></tr><tr><td>9</td><td>net interest yield on average cib markets interest-earning assets ( c )</td><td>1.22</td><td>1.04</td><td>1.15</td></tr><tr><td>10</td><td>net interest yield on average interest-earning assets excluding cib markets</td><td>2.59% ( 2.59 % )</td><td>2.49% ( 2.49 % )</td><td>2.53% ( 2.53 % )</td></tr></table> jpmorgan chase & co./2016 annual report 49 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . cib 2019s markets businesses represent both fixed income markets and equity markets . the data presented below are non-gaap financial measures due to the exclusion of net interest income from cib 2019s markets businesses ( 201ccib markets 201d ) . management believes this exclusion provides investors and analysts with another measure by which to analyze the non- markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . year ended december 31 , ( in millions , except rates ) 2016 2015 2014 net interest income 2013 managed basis ( a ) ( b ) $ 47292 $ 44620 $ 44619 less : cib markets net interest income ( c ) 6334 5298 6032 net interest income excluding cib markets ( a ) $ 40958 $ 39322 $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 less : average cib markets interest-earning assets ( c ) 520307 510292 522989 average interest-earning assets excluding cib markets $ 1581297 $ 1577950 $ 1526104 net interest yield on average interest-earning assets 2013 managed basis 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) 2.18% ( 2.18 % ) net interest yield on average cib markets interest- earning assets ( c ) 1.22 1.04 1.15 net interest yield on average interest-earning assets excluding cib markets 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) 2.53% ( 2.53 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 48 . ( c ) prior period amounts were revised to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 61 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .\nQuestion: as of 2016, what percentage did the the cib markets net interest income represent in relation to the total net interest income 2013 managed basis?i\nAnswer: 0.13393\nQuestion: in that same year, what were the average interest-earning assets, in millions?\nAnswer: 2101604.0\nQuestion: and what was the net interest yield of those assets?\n" }, { "role": "agent", "content": "0.0225" } ]
CONVFINQA8770	[ { "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 statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2012 and 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries</td><td>$ 6410</td><td>$ 7388</td></tr><tr><td>3</td><td>property and casualty insurance subsidiaries</td><td>7645</td><td>7412</td></tr><tr><td>4</td><td>total</td><td>$ 14055</td><td>$ 14800</td></tr></table> statutory capital and surplus for the u.s . life insurance subsidiaries , including domestic captive insurance subsidiaries , decreased by $ 978 , primarily due to variable annuity surplus impacts of approximately $ 425 , a $ 200 increase in reserves on a change in valuation basis , $ 200 transfer of the mutual funds business from the u.s . life insurance companies to the life holding company , and an increase in the asset valuation reserve of $ 115 . as a result of the january 2013 statutory gain from the sale of the retirement plans and individual life businesses , the company's pro forma january 2 , 2013 u.s . life statutory surplus was estimated to be $ 8.1 billion , before approximately $ 1.5 billion in extraordinary dividends and return of capital to hfsg holding company . statutory capital and surplus for the property and casualty insurance subsidiaries increased by $ 233 , primarily due to statutory net income , after tax , of $ 727 , unrealized gains of $ 249 , and an increase in statutory admitted deferred tax assets of $ 77 , capital contributions of $ 14 , and an increase of statutory admitted assets of $ 7 , partially offset by dividends to the hfsg holding company of $ 841 . both net income and dividends are net of interest payments and dividends , respectively , on an intercompany note between hartford holdings , inc . and hartford fire insurance company . the company also holds regulatory capital and surplus for its operations in japan . under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.1 billion and $ 1.3 billion as of december 31 , 2012 and 2011 , respectively . statutory capital the company 2019s stockholders 2019 equity , as prepared using u.s . generally accepted accounting principles ( 201cu.s . gaap 201d ) was $ 22.4 billion as of december 31 , 2012 . the company 2019s estimated aggregate statutory capital and surplus , as prepared in accordance with the national association of insurance commissioners 2019 accounting practices and procedures manual ( 201cu.s . stat 201d ) was $ 14.1 billion as of december 31 , 2012 . significant differences between u.s . gaap stockholders 2019 equity and aggregate statutory capital and surplus prepared in accordance with u.s . stat include the following : 2022 u.s . stat excludes equity of non-insurance and foreign insurance subsidiaries not held by u.s . insurance subsidiaries . 2022 costs incurred by the company to acquire insurance policies are deferred under u.s . gaap while those costs are expensed immediately under u.s . 2022 temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under u.s . gaap while those amounts deferred are subject to limitations under u.s . stat . 2022 the assumptions used in the determination of life benefit reserves is prescribed under u.s . stat , while the assumptions used under u.s . gaap are generally the company 2019s best estimates . the methodologies for determining life insurance reserve amounts may also be different . for example , reserving for living benefit reserves under u.s . stat is generally addressed by the commissioners 2019 annuity reserving valuation methodology and the related actuarial guidelines , while under u.s . gaap , those same living benefits may be considered embedded derivatives and recorded at fair value or they may be considered sop 03-1 reserves . the sensitivity of these life insurance reserves to changes in equity markets , as applicable , will be different between u.s . gaap and u.s . stat . 2022 the difference between the amortized cost and fair value of fixed maturity and other investments , net of tax , is recorded as an increase or decrease to the carrying value of the related asset and to equity under u.s . gaap , while u.s . stat only records certain securities at fair value , such as equity securities and certain lower rated bonds required by the naic to be recorded at the lower of amortized cost or fair value . 2022 u.s . stat for life insurance companies establishes a formula reserve for realized and unrealized losses due to default and equity risks associated with certain invested assets ( the asset valuation reserve ) , while u.s . gaap does not . also , for those realized gains and losses caused by changes in interest rates , u.s . stat for life insurance companies defers and amortizes the gains and losses , caused by changes in interest rates , into income over the original life to maturity of the asset sold ( the interest maintenance reserve ) while u.s . gaap does not . 2022 goodwill arising from the acquisition of a business is tested for recoverability on an annual basis ( or more frequently , as necessary ) for u.s . gaap , while under u.s . stat goodwill is amortized over a period not to exceed 10 years and the amount of goodwill is limited. .\nQuestion: in 2012, what percentage did the property and casualty insurance subsidiaries represent in relation to the total statutory surplus for the company 2019s insurance companies?\n" }, { "role": "agent", "content": "0.54393" } ]
CONVFINQA2230	[ { "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\nn o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively . for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively . during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) . once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 . it will continue in effect until terminated by the board . this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards . during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares . accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units . the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan . as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan . under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp . as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp . stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant . stock options are generally granted with a 3-year vesting period and a 10-year term . the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants . the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table . the risk-free inter- est rate is based on the u.s . treasury yield curve in effect at the time of grant . the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees . expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options . the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>dividend yield</td><td>1.80% ( 1.80 % )</td><td>1.78% ( 1.78 % )</td><td>1.64% ( 1.64 % )</td></tr><tr><td>3</td><td>expected volatility</td><td>32.20% ( 32.20 % )</td><td>27.43% ( 27.43 % )</td><td>31.29% ( 31.29 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>3.15% ( 3.15 % )</td><td>4.51% ( 4.51 % )</td><td>4.60% ( 4.60 % )</td></tr><tr><td>5</td><td>forfeiture rate</td><td>7.5% ( 7.5 % )</td><td>7.5% ( 7.5 % )</td><td>7.5% ( 7.5 % )</td></tr><tr><td>6</td><td>expected life</td><td>5.7 years</td><td>5.6 years</td><td>6 years</td></tr></table> .\nQuestion: what is the risk-free interest rate in 2008?\nAnswer: 3.15\nQuestion: what about in 2007?\n" }, { "role": "agent", "content": "4.51" } ]
CONVFINQA4039	[ { "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\neach clearing firm is required to deposit and maintain balances in the form of cash , u.s . government securities , certain foreign government securities , bank letters of credit or other approved investments to satisfy performance bond and guaranty fund requirements . all non-cash deposits are marked-to-market and haircut on a daily basis . securities deposited by the clearing firms are not reflected in the consolidated financial statements and the clearing house does not earn any interest on these deposits . these balances may fluctuate significantly over time due to investment choices available to clearing firms and changes in the amount of contributions required . in addition , the rules and regulations of cbot require that collateral be provided for delivery of physical commodities , maintenance of capital requirements and deposits on pending arbitration matters . to satisfy these requirements , clearing firms that have accounts that trade certain cbot products have deposited cash , u.s . treasury securities or letters of credit . the clearing house marks-to-market open positions at least once a day ( twice a day for futures and options contracts ) , and require payment from clearing firms whose positions have lost value and make payments to clearing firms whose positions have gained value . the clearing house has the capability to mark-to-market more frequently as market conditions warrant . under the extremely unlikely scenario of simultaneous default by every clearing firm who has open positions with unrealized losses , the maximum exposure related to positions other than credit default and interest rate swap contracts would be one half day of changes in fair value of all open positions , before considering the clearing houses 2019 ability to access defaulting clearing firms 2019 collateral deposits . for cleared credit default swap and interest rate swap contracts , the maximum exposure related to cme 2019s guarantee would be one full day of changes in fair value of all open positions , before considering cme 2019s ability to access defaulting clearing firms 2019 collateral . during 2017 , the clearing house transferred an average of approximately $ 2.4 billion a day through the clearing system for settlement from clearing firms whose positions had lost value to clearing firms whose positions had gained value . the clearing house reduces the guarantee exposure through initial and maintenance performance bond requirements and mandatory guaranty fund contributions . the company believes that the guarantee liability is immaterial and therefore has not recorded any liability at december 31 , 2017 . at december 31 , 2016 , performance bond and guaranty fund contribution assets on the consolidated balance sheets included cash as well as u.s . treasury and u.s . government agency securities with maturity dates of 90 days or less . the u.s . treasury and u.s . government agency securities were purchased by cme , at its discretion , using cash collateral . the benefits , including interest earned , and risks of ownership accrue to cme . interest earned is included in investment income on the consolidated statements of income . there were no u.s . treasury and u.s . government agency securities held at december 31 , 2017 . the amortized cost and fair value of these securities at december 31 , 2016 were as follows : ( in millions ) amortized . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016 amortizedcost</td><td>2016 fairvalue</td></tr><tr><td>2</td><td>u.s . treasury securities</td><td>$ 5548.9</td><td>$ 5549.0</td></tr><tr><td>3</td><td>u.s . government agency securities</td><td>1228.3</td><td>1228.3</td></tr></table> cme has been designated as a systemically important financial market utility by the financial stability oversight council and maintains a cash account at the federal reserve bank of chicago . at december 31 , 2017 and december 31 , 2016 , cme maintained $ 34.2 billion and $ 6.2 billion , respectively , within the cash account at the federal reserve bank of chicago . clearing firms , at their option , may instruct cme to deposit the cash held by cme into one of the ief programs . the total principal in the ief programs was $ 1.1 billion at december 31 , 2017 and $ 6.8 billion at december 31 .\nQuestion: what was the total principal in the ief programs in 2017, in billions?\nAnswer: 1.1\nQuestion: and what was that in 2016, also in bllions?\n" }, { "role": "agent", "content": "6.8" } ]
CONVFINQA11081	[ { "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\nincome and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses . deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes . deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect . determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and valuation allowances of $ 21 million and $ 18 million were deemed necessary as of december 31 , 2012 and 2011 , respectively . uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements . we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority . if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return . penalties , if probable and reasonably estimable , are recognized as a component of income tax expense . we also recognize accrued interest related to uncertain tax positions in income tax expense . the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes . see note 11 : income taxes . under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined . cash and cash equivalents - the carrying amounts of cash and cash equivalents approximate fair value due to the short-term nature of these items , having original maturity dates of 90 days or less . accounts receivable - accounts receivable include amounts billed and currently due from customers , amounts currently due but unbilled , certain estimated contract change amounts , claims or requests for equitable adjustment in negotiation that are probable of recovery , and amounts retained by the customer pending contract completion . inventoried costs - inventoried costs primarily relate to work in process under contracts that recognize revenues using labor dollars or units of delivery as the basis of the percentage-of-completion calculation . these costs represent accumulated contract costs less cost of sales , as calculated using the percentage-of-completion method . accumulated contract costs include direct production costs , factory and engineering overhead , production tooling costs , and , for government contracts , allowable general and administrative expenses . according to the provisions of the company's u.s . government contracts , the customer asserts title to , or a security interest in , inventories related to such contracts as a result of contract advances , performance-based payments , and progress payments . in accordance with industry practice , inventoried costs are classified as a current asset and include amounts related to contracts having production cycles longer than one year . inventoried costs also include company owned raw materials , which are stated at the lower of cost or market , generally using the average cost method . property , plant , and equipment - depreciable properties owned by the company are recorded at cost and depreciated over the estimated useful lives of individual assets . costs incurred for computer software developed or obtained for internal use are capitalized and amortized over the expected useful life of the software , not to exceed nine years . leasehold improvements are amortized over the shorter of their useful lives or the term of the lease . the remaining assets are depreciated using the straight-line method , with the following lives: . <table class='wikitable'><tr><td>1</td><td>land improvements</td><td>years 3</td><td>years -</td><td>years 45</td></tr><tr><td>2</td><td>buildings and improvements</td><td>3</td><td>-</td><td>60</td></tr><tr><td>3</td><td>capitalized software costs</td><td>3</td><td>-</td><td>9</td></tr><tr><td>4</td><td>machinery and other equipment</td><td>2</td><td>-</td><td>45</td></tr></table> the company evaluates the recoverability of its property , plant and equipment when there are changes in economic circumstances or business objectives that indicate the carrying value may not be recoverable . the company's evaluations include estimated future cash flows , profitability and other factors in determining fair value . as these assumptions and estimates may change over time , it may or may not be necessary to record impairment charges. .\nQuestion: what was the net change in valuation allowance from 2011 to 2012?\nAnswer: 3.0\nQuestion: what was the valuation allowance in 2011?\n" }, { "role": "agent", "content": "18.0" } ]
CONVFINQA10218	[ { "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\nmorgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s . dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 . in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes . the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . the company generally carries the entire structured borrowings at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 3 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 . junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 . maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate . effective average borrowing rate. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>weighted average coupon of long-term borrowings at period-end ( 1 )</td><td>4.0% ( 4.0 % )</td><td>4.2% ( 4.2 % )</td><td>4.4% ( 4.4 % )</td></tr><tr><td>3</td><td>effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )</td><td>2.1% ( 2.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.2% ( 2.2 % )</td></tr></table> .\nQuestion: in 2015, what was the change on the effective borrowing rate due to the use of swaps?\nAnswer: 1.9\nQuestion: and what was that same change in 2014?\n" }, { "role": "agent", "content": "1.9" } ]
CONVFINQA5953	[ { "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 ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 29 2007</td><td>september 30 2006</td><td>september 24 2005</td></tr><tr><td>2</td><td>beginning allowance balance</td><td>$ 52</td><td>$ 46</td><td>$ 47</td></tr><tr><td>3</td><td>charged to costs and expenses</td><td>12</td><td>17</td><td>8</td></tr><tr><td>4</td><td>deductions</td><td>-17 ( 17 )</td><td>-11 ( 11 )</td><td>-9 ( 9 )</td></tr><tr><td>5</td><td>ending allowance balance</td><td>$ 47</td><td>$ 52</td><td>$ 46</td></tr></table> vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .\nQuestion: what was the balance in the allowance for doubtful accounts in 2006?\nAnswer: 52.0\nQuestion: what was the balance in 2005?\nAnswer: 46.0\nQuestion: what is the net difference?\nAnswer: 6.0\nQuestion: what was the 2005 balance?\nAnswer: 46.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.13043" } ]
CONVFINQA3760	[ { "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./2009 annual report 181 the following table shows the current credit risk of derivative receivables after netting adjustments , and the current liquidity risk of derivative payables after netting adjustments , as of december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td>december 31 2009 ( in millions )</td><td>derivative receivables</td><td>derivative payables</td></tr><tr><td>2</td><td>gross derivative fair value</td><td>$ 1565518</td><td>$ 1519183</td></tr><tr><td>3</td><td>nettingadjustment 2013 offsetting receivables/payables</td><td>-1419840 ( 1419840 )</td><td>-1419840 ( 1419840 )</td></tr><tr><td>4</td><td>nettingadjustment 2013 cash collateral received/paid</td><td>-65468 ( 65468 )</td><td>-39218 ( 39218 )</td></tr><tr><td>5</td><td>carrying value on consolidated balance sheets</td><td>$ 80210</td><td>$ 60125</td></tr></table> in addition to the collateral amounts reflected in the table above , at december 31 , 2009 , the firm had received and posted liquid secu- rities collateral in the amount of $ 15.5 billion and $ 11.7 billion , respectively . the firm also receives and delivers collateral at the initiation of derivative transactions , which is available as security against potential exposure that could arise should the fair value of the transactions move in the firm 2019s or client 2019s favor , respectively . furthermore , the firm and its counterparties hold collateral related to contracts that have a non-daily call frequency for collateral to be posted , and collateral that the firm or a counterparty has agreed to return but has not yet settled as of the reporting date . at december 31 , 2009 , the firm had received $ 16.9 billion and delivered $ 5.8 billion of such additional collateral . these amounts were not netted against the derivative receivables and payables in the table above , because , at an individual counterparty level , the collateral exceeded the fair value exposure at december 31 , 2009 . credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) . credit derivatives expose the protection purchaser to the creditworthiness of the protection seller , as the protection seller is required to make payments under the contract when the reference entity experiences a credit event , such as a bankruptcy , a failure to pay its obligation or a restructuring . the seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event . the firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes . first , in its capacity as a market-maker in the dealer/client business , the firm actively risk manages a portfolio of credit derivatives by purchasing and selling credit protection , pre- dominantly on corporate debt obligations , to meet the needs of customers . as a seller of protection , the firm 2019s exposure to a given reference entity may be offset partially , or entirely , with a contract to purchase protection from another counterparty on the same or similar reference entity . second , the firm uses credit derivatives to mitigate credit risk associated with its overall derivative receivables and traditional commercial credit lending exposures ( loans and unfunded commitments ) as well as to manage its exposure to residential and commercial mortgages . see note 3 on pages 156--- 173 of this annual report for further information on the firm 2019s mortgage-related exposures . in accomplishing the above , the firm uses different types of credit derivatives . following is a summary of various types of credit derivatives . credit default swaps credit derivatives may reference the credit of either a single refer- ence entity ( 201csingle-name 201d ) or a broad-based index , as described further below . the firm purchases and sells protection on both single- name and index-reference obligations . single-name cds and index cds contracts are both otc derivative contracts . single- name cds are used to manage the default risk of a single reference entity , while cds index are used to manage credit risk associated with the broader credit markets or credit market segments . like the s&p 500 and other market indices , a cds index is comprised of a portfolio of cds across many reference entities . new series of cds indices are established approximately every six months with a new underlying portfolio of reference entities to reflect changes in the credit markets . if one of the reference entities in the index experi- ences a credit event , then the reference entity that defaulted is removed from the index . cds can also be referenced against spe- cific portfolios of reference names or against customized exposure levels based on specific client demands : for example , to provide protection against the first $ 1 million of realized credit losses in a $ 10 million portfolio of exposure . such structures are commonly known as tranche cds . for both single-name cds contracts and index cds , upon the occurrence of a credit event , under the terms of a cds contract neither party to the cds contract has recourse to the reference entity . the protection purchaser has recourse to the protection seller for the difference between the face value of the cds contract and the fair value of the reference obligation at the time of settling the credit derivative contract , also known as the recovery value . the protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the cds contract when a credit event occurs . credit-linked notes a credit linked note ( 201ccln 201d ) is a funded credit derivative where the issuer of the cln purchases credit protection on a referenced entity from the note investor . under the contract , the investor pays the issuer par value of the note at the inception of the transaction , and in return , the issuer pays periodic payments to the investor , based on the credit risk of the referenced entity . the issuer also repays the investor the par value of the note at maturity unless the reference entity experiences a specified credit event . in that event , the issuer is not obligated to repay the par value of the note , but rather , the issuer pays the investor the difference between the par value of the note .\nQuestion: what was the value of netting adjustment 2013 cash collateral received/paid?\nAnswer: 65468.0\nQuestion: what is that value time 1000000?\nAnswer: 65468000000.0\nQuestion: what was product of liquid securities collateral by 1000000?\n" }, { "role": "agent", "content": "15500000.0" } ]

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