note 8 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .

postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .

the measurement date used for the company 2019s employee benefit plans is september 30 .

effective january 1 , 2018 , the legacy u.s .

pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: .

net pension cost included in the preceding table that is attributable to international plans $ 34 $ 43 $ 35 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .

the settlement losses recorded in 2018 and 2016 primarily included lump sum benefit payments associated with the company 2019s u.s .

the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year. .

1	( millions of dollars )	pension plans 2018	pension plans 2017	pension plans 2016

2	service cost	$ 136	$ 110	$ 81

3	interest cost	90	61	72

4	expected return on plan assets	-154 ( 154 )	-112 ( 112 )	-109 ( 109 )

5	amortization of prior service credit	-13 ( 13 )	-14 ( 14 )	-15 ( 15 )

6	amortization of loss	78	92	77

7	settlements	2	2014	7

8	net pension cost	$ 137	$ 138	$ 113

9	net pension cost included in the preceding table that is attributable to international plans	$ 34	$ 43	$ 35

Question: what was the net pension cost in 2018?

Answer: 137.0


Question: and in 2017?

Answer: 138.0


what was the net pension cost in 2018?
and in 2017?

Question: combined, what was the total for these two years?

Answer: 275.0


combined, what was the total for these two years?

Question: and in 2016?

Answer: 113.0


Question: combined, what was the total for these three years?

Answer: 388.0


goodwill goodwill represents the excess of the solexa purchase price over the sum of the amounts assigned to assets acquired less liabilities assumed .

the company believes that the acquisition of solexa will produce the following significant benefits : 2022 increased market presence and opportunities .

the combination of the company and solexa should increase the combined company 2019s market presence and opportunities for growth in revenue , earnings and stockholder return .

the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers , as well as accelerate the develop- ment of additional technologies , products and services .

the company believes that integrating solexa 2019s capabilities with the company 2019s technologies will better position the company to address the emerging biomarker research and development and in-vitro and molecular diag- nostic markets .

the company began to recognize revenue from products shipped as a result of this acquisition during the first quarter of 2007 .

the combination of the company and solexa provides the opportunity for potential economies of scale and cost savings .

the company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for solexa , in relation to other acquired tangible and intangible assets , including in-process research and development .

the following unaudited pro forma information shows the results of the company 2019s operations for the specified reporting periods as though the acquisition had occurred as of the beginning of that period ( in thousands , except per share data ) : year ended december 30 , year ended december 31 .

the pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisition taken place as of the beginning of the periods presented , or the results that may occur in the future .

the pro forma results exclude the $ 303.4 million non-cash acquired ipr&d charge recorded upon the closing of the acquisition during the first quarter of 2007 .

investment in solexa on november 12 , 2006 , the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $ 50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies .

this investment was valued at $ 67.8 million as of december 31 , 2006 , which represented a market value of $ 13.15 per share of solexa common stock .

this investment was eliminated as part of the company 2019s purchase accounting upon the closing of the merger on january 26 , 2007 .

notes to consolidated financial statements 2014 ( continued ) .

1		year ended december 30 2007	year ended december 31 2006

2	revenue	$ 366854	$ 187103

3	net income ( loss )	$ 17388	$ -38957 ( 38957 )

4	net income ( loss ) per share basic	$ 0.32	$ -0.68 ( 0.68 )

5	net income ( loss ) per share diluted	$ 0.29	$ -0.68 ( 0.68 )

Question: what were revenues in 2007?

Answer: 366854.0


Question: what were they in 2006?

Answer: 187103.0


what were revenues in 2007?
what were they in 2006?

Question: what is the net difference?

Answer: 179751.0


what were revenues in 2007?
what were they in 2006?
what is the net difference?

Question: what is the difference divided by the 2006 revenues?

Answer: 0.96071


earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006 .

containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages .

converted products will be higher due to more shipping days , but expected softer demand should cause the ship- ments per day to decrease .

average sales price real- izations are expected to be comparable to fourth- quarter averages .

an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter .

costs for wood , energy , starch , adhesives and freight are expected to increase .

manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills .

euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs .

consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .

in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , manufacturing efficiency and product mix .

consumer packaging net sales increased 9% ( 9 % ) compared with 2005 and 7% ( 7 % ) compared with 2004 .

operating profits rose 8% ( 8 % ) from 2005 , but declined 15% ( 15 % ) from 2004 levels .

compared with 2005 , higher sales volumes ( $ 9 million ) , improved average sales price realizations ( $ 33 million ) , reduced lack-of-order downtime ( $ 18 million ) , and favorable mill oper- ations ( $ 25 million ) were partially offset by higher raw material costs ( $ 19 million ) and freight costs ( $ 21 million ) , unfavorable mix ( $ 14 million ) and other costs ( $ 21 million ) .

consumer packaging in millions 2006 2005 2004 .

coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .

sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .

in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .

average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .

operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .

the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .

foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .

sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .

operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .

raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .

shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .

sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .

average sales prices for the year were lower than in 2005 .

operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .

entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .

average sales price realizations are expected to rise with a price increase announced in january .

it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .

foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .

however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .

shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .

distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .

Question: what was the difference in shorewood net sales between 2005 and 2006?

Answer: -21.0


coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .

sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .

in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .

average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .

operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .

the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .

foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .

sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .

operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .

raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .

shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .

sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .

average sales prices for the year were lower than in 2005 .

operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .

entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .

average sales price realizations are expected to rise with a price increase announced in january .

it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .

foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .

however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .

shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .

distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .

what was the difference in shorewood net sales between 2005 and 2006?

Question: and the value for 2005 again?

Answer: 691.0


coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .

sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .

in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .

average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .

operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .

the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .

foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .

sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .

operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .

raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .

shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .

sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .

average sales prices for the year were lower than in 2005 .

operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .

entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .

average sales price realizations are expected to rise with a price increase announced in january .

it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .

foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .

however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .

shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .

distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .

Question: so what was the percentage reduction during this time?

Answer: -0.03039


american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) at december 31 , 2005 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.2 billion and $ 2.4 billion , respectively .

if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .

109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2005 , the company has provided a valuation allowance of approximately $ 422.4 million , including approximately $ 249.5 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards .

approximately $ 237.8 million of the spectrasite valuation allowance was assumed as of the acquisition date .

the balance of the valuation allowance primarily relates to net state deferred tax assets .

the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .

the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses .

in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million .

based on preliminary discussions with tax authorities , the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $ 65.0 million as a result of these claims by the end of 2006 .

there can be no assurances , however , with respect to the specific amount and timing of any refund .

the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .

the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .

accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .

based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .

the realization of the company 2019s deferred tax assets as of december 31 , 2005 will be dependent upon its ability to generate approximately $ 1.3 billion in taxable income from january 1 , 2006 to december 31 , 2025 .

if the company is unable to generate sufficient taxable income in the future , or carry back losses , as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .

from time to time the company is subject to examination by various tax authorities in jurisdictions in which the company has significant business operations .

the company regularly assesses the likelihood of additional assessments in each of the tax jurisdictions resulting from these examinations .

Question: what was the total value of net operating loss carryforwards?

Answer: 4575515.0


what was the total value of net operating loss carryforwards?

Question: and how much do the net operating loss carryforwards related to state represent in relation to this total?

Answer: 0.52847


the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 on december 8 , 2017 , the board of directors declared a quarterly common stock dividend of $ 0.13 per share payable on february 15 , 2018 to shareholders of record at the close of business on february 1 , 2018 .

stock repurchase program 2014 no shares were repurchased in 2017 .

the cumulative repurchases from the commencement of the program in july 2010 through december 31 , 2017 totaled 154.3 million shares for a total cost of $ 1.9 billion , at an average price per share of $ 12.12 ( including a nominal amount of commissions ) .

as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .

the common stock repurchased has been classified as treasury stock and accounted for using the cost method .

a total of 155924785 and 156878891 shares were held as treasury stock at december 31 , 2017 and 2016 , respectively .

restricted stock units under the company's employee benefit plans are issued from treasury stock .

the company has not retired any common stock repurchased since it began the program in july 2010 .

segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business .

during the third quarter of 2017 , the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu .

the management reporting structure is organized by five sbus led by our president and chief executive officer : us , andes , brazil , mcac and eurasia sbus .

the company determined that it has five operating and five reportable segments corresponding to its sbus .

all prior period results have been retrospectively revised to reflect the new segment reporting structure .

in february 2018 , we announced a reorganization as a part of our ongoing strategy to simplify our portfolio , optimize our cost structure , and reduce our carbon intensity .

the company is currently evaluating the impact this reorganization will have on our segment reporting structure .

corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation .

the company uses adjusted ptc as its primary segment performance measure .

adjusted ptc , a non-gaap measure , is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to ( a ) unrealized gains or losses related to derivative transactions ; ( b ) unrealized foreign currency gains or losses ; ( c ) gains , losses and associated benefits and costs due to dispositions and acquisitions of business interests , including early plant closures ; ( d ) losses due to impairments ; ( e ) gains , losses and costs due to the early retirement of debt ; and ( f ) costs directly associated with a major restructuring program , including , but not limited to , workforce reduction efforts , relocations , and office consolidation .

adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities .

the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments .

additionally , given its large number of businesses and complexity , the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results .

revenue and adjusted ptc are presented before inter-segment eliminations , which includes the effect of intercompany transactions with other segments except for interest , charges for certain management fees , and the write-off of intercompany balances , as applicable .

all intra-segment activity has been eliminated within the segment .

inter-segment activity has been eliminated within the total consolidated results .

the following tables present financial information by segment for the periods indicated ( in millions ) : .

1	year ended december 31,	total revenue 2017	total revenue 2016	total revenue 2015

2	us sbu	$ 3229	$ 3429	$ 3593

3	andes sbu	2710	2506	2489

4	brazil sbu	542	450	962

5	mcac sbu	2448	2172	2353

6	eurasia sbu	1590	1670	1875

7	corporate and other	35	77	31

8	eliminations	-24 ( 24 )	-23 ( 23 )	-43 ( 43 )

9	total revenue	$ 10530	$ 10281	$ 11260

Question: what was the total net revenue in 2017, in millions?

Answer: 10530.0


the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 on december 8 , 2017 , the board of directors declared a quarterly common stock dividend of $ 0.13 per share payable on february 15 , 2018 to shareholders of record at the close of business on february 1 , 2018 .

stock repurchase program 2014 no shares were repurchased in 2017 .

the cumulative repurchases from the commencement of the program in july 2010 through december 31 , 2017 totaled 154.3 million shares for a total cost of $ 1.9 billion , at an average price per share of $ 12.12 ( including a nominal amount of commissions ) .

as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .

the common stock repurchased has been classified as treasury stock and accounted for using the cost method .

a total of 155924785 and 156878891 shares were held as treasury stock at december 31 , 2017 and 2016 , respectively .

restricted stock units under the company's employee benefit plans are issued from treasury stock .

the company has not retired any common stock repurchased since it began the program in july 2010 .

segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business .

during the third quarter of 2017 , the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu .

the management reporting structure is organized by five sbus led by our president and chief executive officer : us , andes , brazil , mcac and eurasia sbus .

the company determined that it has five operating and five reportable segments corresponding to its sbus .

all prior period results have been retrospectively revised to reflect the new segment reporting structure .

in february 2018 , we announced a reorganization as a part of our ongoing strategy to simplify our portfolio , optimize our cost structure , and reduce our carbon intensity .

the company is currently evaluating the impact this reorganization will have on our segment reporting structure .

corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation .

the company uses adjusted ptc as its primary segment performance measure .

adjusted ptc , a non-gaap measure , is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to ( a ) unrealized gains or losses related to derivative transactions ; ( b ) unrealized foreign currency gains or losses ; ( c ) gains , losses and associated benefits and costs due to dispositions and acquisitions of business interests , including early plant closures ; ( d ) losses due to impairments ; ( e ) gains , losses and costs due to the early retirement of debt ; and ( f ) costs directly associated with a major restructuring program , including , but not limited to , workforce reduction efforts , relocations , and office consolidation .

adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities .

the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments .

additionally , given its large number of businesses and complexity , the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results .

revenue and adjusted ptc are presented before inter-segment eliminations , which includes the effect of intercompany transactions with other segments except for interest , charges for certain management fees , and the write-off of intercompany balances , as applicable .

all intra-segment activity has been eliminated within the segment .

inter-segment activity has been eliminated within the total consolidated results .

the following tables present financial information by segment for the periods indicated ( in millions ) : .

what was the total net revenue in 2017, in millions?

Question: and what was the net revenue only in the us segment, also in millions?

Answer: 3229.0


the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 on december 8 , 2017 , the board of directors declared a quarterly common stock dividend of $ 0.13 per share payable on february 15 , 2018 to shareholders of record at the close of business on february 1 , 2018 .

stock repurchase program 2014 no shares were repurchased in 2017 .

the cumulative repurchases from the commencement of the program in july 2010 through december 31 , 2017 totaled 154.3 million shares for a total cost of $ 1.9 billion , at an average price per share of $ 12.12 ( including a nominal amount of commissions ) .

as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .

the common stock repurchased has been classified as treasury stock and accounted for using the cost method .

a total of 155924785 and 156878891 shares were held as treasury stock at december 31 , 2017 and 2016 , respectively .

restricted stock units under the company's employee benefit plans are issued from treasury stock .

the company has not retired any common stock repurchased since it began the program in july 2010 .

segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business .

during the third quarter of 2017 , the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu .

the management reporting structure is organized by five sbus led by our president and chief executive officer : us , andes , brazil , mcac and eurasia sbus .

the company determined that it has five operating and five reportable segments corresponding to its sbus .

all prior period results have been retrospectively revised to reflect the new segment reporting structure .

in february 2018 , we announced a reorganization as a part of our ongoing strategy to simplify our portfolio , optimize our cost structure , and reduce our carbon intensity .

the company is currently evaluating the impact this reorganization will have on our segment reporting structure .

corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation .

the company uses adjusted ptc as its primary segment performance measure .

adjusted ptc , a non-gaap measure , is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to ( a ) unrealized gains or losses related to derivative transactions ; ( b ) unrealized foreign currency gains or losses ; ( c ) gains , losses and associated benefits and costs due to dispositions and acquisitions of business interests , including early plant closures ; ( d ) losses due to impairments ; ( e ) gains , losses and costs due to the early retirement of debt ; and ( f ) costs directly associated with a major restructuring program , including , but not limited to , workforce reduction efforts , relocations , and office consolidation .

adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities .

the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments .

additionally , given its large number of businesses and complexity , the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results .

revenue and adjusted ptc are presented before inter-segment eliminations , which includes the effect of intercompany transactions with other segments except for interest , charges for certain management fees , and the write-off of intercompany balances , as applicable .

all intra-segment activity has been eliminated within the segment .

inter-segment activity has been eliminated within the total consolidated results .

the following tables present financial information by segment for the periods indicated ( in millions ) : .

and what was the net revenue only in the us segment, also in millions?

Question: what was, then, in millions of dollars, the total net revenue in 2017 without counting the us?

Answer: 7301.0


the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 on december 8 , 2017 , the board of directors declared a quarterly common stock dividend of $ 0.13 per share payable on february 15 , 2018 to shareholders of record at the close of business on february 1 , 2018 .

stock repurchase program 2014 no shares were repurchased in 2017 .

the cumulative repurchases from the commencement of the program in july 2010 through december 31 , 2017 totaled 154.3 million shares for a total cost of $ 1.9 billion , at an average price per share of $ 12.12 ( including a nominal amount of commissions ) .

as of december 31 , 2017 , $ 246 million remained available for repurchase under the program .

the common stock repurchased has been classified as treasury stock and accounted for using the cost method .

a total of 155924785 and 156878891 shares were held as treasury stock at december 31 , 2017 and 2016 , respectively .

restricted stock units under the company's employee benefit plans are issued from treasury stock .

the company has not retired any common stock repurchased since it began the program in july 2010 .

segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business .

during the third quarter of 2017 , the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu .

the management reporting structure is organized by five sbus led by our president and chief executive officer : us , andes , brazil , mcac and eurasia sbus .

the company determined that it has five operating and five reportable segments corresponding to its sbus .

all prior period results have been retrospectively revised to reflect the new segment reporting structure .

in february 2018 , we announced a reorganization as a part of our ongoing strategy to simplify our portfolio , optimize our cost structure , and reduce our carbon intensity .

the company is currently evaluating the impact this reorganization will have on our segment reporting structure .

corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation .

the company uses adjusted ptc as its primary segment performance measure .

adjusted ptc , a non-gaap measure , is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to ( a ) unrealized gains or losses related to derivative transactions ; ( b ) unrealized foreign currency gains or losses ; ( c ) gains , losses and associated benefits and costs due to dispositions and acquisitions of business interests , including early plant closures ; ( d ) losses due to impairments ; ( e ) gains , losses and costs due to the early retirement of debt ; and ( f ) costs directly associated with a major restructuring program , including , but not limited to , workforce reduction efforts , relocations , and office consolidation .

adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities .

the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments .

additionally , given its large number of businesses and complexity , the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results .

revenue and adjusted ptc are presented before inter-segment eliminations , which includes the effect of intercompany transactions with other segments except for interest , charges for certain management fees , and the write-off of intercompany balances , as applicable .

all intra-segment activity has been eliminated within the segment .

inter-segment activity has been eliminated within the total consolidated results .

the following tables present financial information by segment for the periods indicated ( in millions ) : .

what was, then, in millions of dollars, the total net revenue in 2017 without counting the us?

Question: and how much is that in dollars?

Answer: 7301000000.0


income tax liabilities tax liabilities related to unrecognized tax benefits as of 30 september 2018 were $ 233.6 .

these tax liabilities were excluded from the contractual obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .

in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .

however , the contractual obligations table above includes our accrued liability of approximately $ 184 for deemed repatriation tax that is payable over eight years related to the tax act .

refer to note 22 , income taxes , to the consolidated financial statements for additional information .

obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .

air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .

in total , we expect to invest approximately $ 100 in this joint venture .

as of 30 september 2018 , we recorded a noncurrent liability of $ 94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan .

expected investment in joint venture on 12 august 2018 , air products entered an agreement to form a gasification/power joint venture ( "jv" ) with saudi aramco and acwa in jazan , saudi arabia .

air products will own at least 55% ( 55 % ) of the jv , with saudi aramco and acwa power owning the balance .

the jv will purchase the gasification assets , power block , and the associated utilities from saudi aramco for approximately $ 8 billion .

our expected investment has been excluded from the contractual obligations table above pending closing , which is currently expected in fiscal year 2020 .

the jv will own and operate the facility under a 25-year contract for a fixed monthly fee .

saudi aramco will supply feedstock to the jv , and the jv will produce power , hydrogen and other utilities for saudi aramco .

pension benefits the company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .

the principal defined benefit pension plans are the u.s .

these plans were closed to new participants in 2005 , after which defined contribution plans were offered to new employees .

the shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions .

the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .

the projected benefit obligation for these plans was $ 4583.3 and $ 5107.2 at the end of fiscal years 2018 and 2017 , respectively .

the net unfunded liability decreased $ 387.8 from $ 698.0 to $ 310.2 , primarily due to higher discount rates and favorable asset experience .

refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .

1		2018	2017	2016

2	pension expense 2013 continuing operations	$ 91.8	$ 72.0	$ 55.8

3	settlements termination benefits and curtailments ( included above )	48.9	15.0	6.0

4	weighted average discount rate 2013 service cost	3.2% ( 3.2 % )	2.9% ( 2.9 % )	4.1% ( 4.1 % )

5	weighted average discount rate 2013 interest cost	2.9% ( 2.9 % )	2.5% ( 2.5 % )	3.4% ( 3.4 % )

6	weighted average expected rate of return on plan assets	6.9% ( 6.9 % )	7.4% ( 7.4 % )	7.5% ( 7.5 % )

7	weighted average expected rate of compensation increase	3.5% ( 3.5 % )	3.5% ( 3.5 % )	3.5% ( 3.5 % )

Question: what was the total of operating expenses in 2018?

Answer: 91.8


income tax liabilities tax liabilities related to unrecognized tax benefits as of 30 september 2018 were $ 233.6 .

these tax liabilities were excluded from the contractual obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .

in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .

however , the contractual obligations table above includes our accrued liability of approximately $ 184 for deemed repatriation tax that is payable over eight years related to the tax act .

refer to note 22 , income taxes , to the consolidated financial statements for additional information .

obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .

air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .

in total , we expect to invest approximately $ 100 in this joint venture .

as of 30 september 2018 , we recorded a noncurrent liability of $ 94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan .

expected investment in joint venture on 12 august 2018 , air products entered an agreement to form a gasification/power joint venture ( "jv" ) with saudi aramco and acwa in jazan , saudi arabia .

air products will own at least 55% ( 55 % ) of the jv , with saudi aramco and acwa power owning the balance .

the jv will purchase the gasification assets , power block , and the associated utilities from saudi aramco for approximately $ 8 billion .

our expected investment has been excluded from the contractual obligations table above pending closing , which is currently expected in fiscal year 2020 .

the jv will own and operate the facility under a 25-year contract for a fixed monthly fee .

saudi aramco will supply feedstock to the jv , and the jv will produce power , hydrogen and other utilities for saudi aramco .

pension benefits the company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .

the principal defined benefit pension plans are the u.s .

these plans were closed to new participants in 2005 , after which defined contribution plans were offered to new employees .

the shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions .

the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .

the projected benefit obligation for these plans was $ 4583.3 and $ 5107.2 at the end of fiscal years 2018 and 2017 , respectively .

the net unfunded liability decreased $ 387.8 from $ 698.0 to $ 310.2 , primarily due to higher discount rates and favorable asset experience .

refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .

what was the total of operating expenses in 2018?

Question: and what was it in 2017?

Answer: 72.0


income tax liabilities tax liabilities related to unrecognized tax benefits as of 30 september 2018 were $ 233.6 .

these tax liabilities were excluded from the contractual obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .

in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .

however , the contractual obligations table above includes our accrued liability of approximately $ 184 for deemed repatriation tax that is payable over eight years related to the tax act .

refer to note 22 , income taxes , to the consolidated financial statements for additional information .

obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .

air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .

in total , we expect to invest approximately $ 100 in this joint venture .

as of 30 september 2018 , we recorded a noncurrent liability of $ 94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan .

expected investment in joint venture on 12 august 2018 , air products entered an agreement to form a gasification/power joint venture ( "jv" ) with saudi aramco and acwa in jazan , saudi arabia .

air products will own at least 55% ( 55 % ) of the jv , with saudi aramco and acwa power owning the balance .

the jv will purchase the gasification assets , power block , and the associated utilities from saudi aramco for approximately $ 8 billion .

our expected investment has been excluded from the contractual obligations table above pending closing , which is currently expected in fiscal year 2020 .

the jv will own and operate the facility under a 25-year contract for a fixed monthly fee .

saudi aramco will supply feedstock to the jv , and the jv will produce power , hydrogen and other utilities for saudi aramco .

pension benefits the company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .

the principal defined benefit pension plans are the u.s .

these plans were closed to new participants in 2005 , after which defined contribution plans were offered to new employees .

the shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions .

the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .

the projected benefit obligation for these plans was $ 4583.3 and $ 5107.2 at the end of fiscal years 2018 and 2017 , respectively .

the net unfunded liability decreased $ 387.8 from $ 698.0 to $ 310.2 , primarily due to higher discount rates and favorable asset experience .

refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .

Question: how much does the 2018 total of operating expenses represent in relation to this 2017 one?

Answer: 1.275


income tax liabilities tax liabilities related to unrecognized tax benefits as of 30 september 2018 were $ 233.6 .

these tax liabilities were excluded from the contractual obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws , tax rates , and our operating results .

in addition , there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities .

however , the contractual obligations table above includes our accrued liability of approximately $ 184 for deemed repatriation tax that is payable over eight years related to the tax act .

refer to note 22 , income taxes , to the consolidated financial statements for additional information .

obligation for future contribution to an equity affiliate on 19 april 2015 , a joint venture between air products and acwa holding entered into a 20-year oxygen and nitrogen supply agreement to supply saudi aramco 2019s oil refinery and power plant being built in jazan , saudi arabia .

air products owns 25% ( 25 % ) of the joint venture and guarantees the repayment of its share of an equity bridge loan .

in total , we expect to invest approximately $ 100 in this joint venture .

as of 30 september 2018 , we recorded a noncurrent liability of $ 94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan .

expected investment in joint venture on 12 august 2018 , air products entered an agreement to form a gasification/power joint venture ( "jv" ) with saudi aramco and acwa in jazan , saudi arabia .

air products will own at least 55% ( 55 % ) of the jv , with saudi aramco and acwa power owning the balance .

the jv will purchase the gasification assets , power block , and the associated utilities from saudi aramco for approximately $ 8 billion .

our expected investment has been excluded from the contractual obligations table above pending closing , which is currently expected in fiscal year 2020 .

the jv will own and operate the facility under a 25-year contract for a fixed monthly fee .

saudi aramco will supply feedstock to the jv , and the jv will produce power , hydrogen and other utilities for saudi aramco .

pension benefits the company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees .

the principal defined benefit pension plans are the u.s .

these plans were closed to new participants in 2005 , after which defined contribution plans were offered to new employees .

the shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions .

the fair market value of plan assets for our defined benefit pension plans as of the 30 september 2018 measurement date decreased to $ 4273.1 from $ 4409.2 at the end of fiscal year 2017 .

the projected benefit obligation for these plans was $ 4583.3 and $ 5107.2 at the end of fiscal years 2018 and 2017 , respectively .

the net unfunded liability decreased $ 387.8 from $ 698.0 to $ 310.2 , primarily due to higher discount rates and favorable asset experience .

refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .

how much does the 2018 total of operating expenses represent in relation to this 2017 one?

Question: and what is the difference between this value and the number one?

Answer: 0.275


entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to : fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding ; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates ; and fffd lower interest earned on declining deferred fuel balances .

the decrease in interest charges in 2002 is primarily due to : fffd a decrease of $ 31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002 ; and fffd a decrease of $ 76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001 .

2001 compared to 2000 results for the year ended december 31 , 2001 for u.s .

utility were also affected by an increase in interest charges of $ 61.5 million primarily due to : fffd the final ferc order addressing the 1995 system energy rate filing ; fffd debt issued at entergy arkansas in july 2001 , at entergy gulf states in june 2000 and august 2001 , at entergy mississippi in january 2001 , and at entergy new orleans in july 2000 and february 2001 ; and fffd borrowings under credit facilities during 2001 , primarily at entergy arkansas .

non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively .

the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 .

following are key performance measures for non-utility nuclear: .

2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .

1		2002	2001	2000

2	net mw in operation at december 31	3955	3445	2475

3	generation in gwh for the year	29953	22614	7171

4	capacity factor for the year	93% ( 93 % )	93% ( 93 % )	94% ( 94 % )

Question: what were operating revenues in 2002?

Answer: 1.2


Question: what is that times 1000?

Answer: 1200.0


what were operating revenues in 2002?
what is that times 1000?

Question: what was the amount operating revenues increased in 2002?

Answer: 411.0


what was the amount operating revenues increased in 2002?

Question: what is the prior product less the amount operating revenues increased?

Answer: 789.0


what is the prior product less the amount operating revenues increased?

Question: what is that over the amount operating revenues increased?

Answer: 1.91971


management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks .

the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities .

treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio .

treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives .

for further information on derivatives , refer to note 5 .

in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments .

for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 .

for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 .

the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s .

government securities , obligations of u.s .

states and municipalities , other abs and corporate debt securities .

at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .

refer to note 10 for further information on the firm 2019s investment securities portfolio .

selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 .

for additional information , refer to notes 1 and 10. .

1	as of or for the year ended december 31 ( in millions )	2018	2017	2016

2	investment securities gains/ ( losses )	$ -395 ( 395 )	$ -78 ( 78 )	$ 132

3	available-for-sale ( 201cafs 201d ) investment securities ( average )	203449	219345	226892

4	held-to-maturity ( 201chtm 201d ) investment securities ( average )	31747	47927	51358

5	investment securities portfolio ( average )	235197	267272	278250

6	afs investment securities ( period-end )	228681	200247	236670

7	htm investment securities ( period-end )	31434	47733	50168

8	investment securities portfolio ( period 2013end )	260115	247980	286838

Question: what is the value of the afs investment securities in 2018?

Answer: 228681.0


what is the value of the afs investment securities in 2018?

Question: what is the value in 2017?

Answer: 200247.0


Question: what is the sum?

Answer: 428928.0


Question: what is the value of the afs investment securities in 2016?

Answer: 236670.0


what is the value of the afs investment securities in 2016?

Question: what is the total sum?

Answer: 665598.0


Question: what is that divided by 3?

Answer: 221866.0


net revenues include $ 3.8 billion in 2017 and $ 739 million in 2016 related to the sale of rrps , mainly driven by japan .

these net revenue amounts include excise taxes billed to customers .

excluding excise taxes , net revenues for rrps were $ 3.6 billion in 2017 and $ 733 million in 2016 .

in some jurisdictions , including japan , we are not responsible for collecting excise taxes .

in 2017 , approximately $ 0.9 billion of our $ 3.6 billion in rrp net revenues , excluding excise taxes , were from iqos devices and accessories .

excise taxes on products increased by $ 1.1 billion , due to : 2022 higher excise taxes resulting from changes in retail prices and tax rates ( $ 4.6 billion ) , partially offset by 2022 favorable currency ( $ 1.9 billion ) and 2022 lower excise taxes resulting from volume/mix ( $ 1.6 billion ) .

our cost of sales ; marketing , administration and research costs ; and operating income were as follows : for the years ended december 31 , variance .

cost of sales increased by $ 1.0 billion , due to : 2022 higher cost of sales resulting from volume/mix ( $ 1.1 billion ) , partly offset by 2022 lower manufacturing costs ( $ 36 million ) and 2022 favorable currency ( $ 30 million ) .

marketing , administration and research costs increased by $ 320 million , due to : 2022 higher expenses ( $ 570 million , largely reflecting increased investment behind reduced-risk products , predominately in the european union and asia ) , partly offset by 2022 favorable currency ( $ 250 million ) .

operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) .

interest expense , net , of $ 914 million increased by $ 23 million , due primarily to unfavorably currency and higher average debt levels , partly offset by higher interest income .

our effective tax rate increased by 12.8 percentage points to 40.7% ( 40.7 % ) .

the 2017 effective tax rate was unfavorably impacted by $ 1.6 billion due to the tax cuts and jobs act .

for further details , see item 8 , note 11 .

income taxes to our consolidated financial statements .

we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability .

based upon our current interpretation of the tax cuts and jobs act , we estimate that our 2018 effective tax rate will be approximately 28% ( 28 % ) , subject to future regulatory developments and earnings mix by taxing jurisdiction .

we are regularly examined by tax authorities around the world , and we are currently under examination in a number of jurisdictions .

it is reasonably possible that within the next 12 months certain tax examinations will close , which could result in a change in unrecognized tax benefits along with related interest and penalties .

an estimate of any possible change cannot be made at this time .

net earnings attributable to pmi of $ 6.0 billion decreased by $ 932 million ( 13.4% ( 13.4 % ) ) .

this decrease was due primarily to a higher effective tax rate as discussed above , partly offset by higher operating income .

diluted and basic eps of $ 3.88 decreased by 13.4% ( 13.4 % ) .

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

2	cost of sales	$ 10432	$ 9391	$ 1041	11.1% ( 11.1 % )

3	marketing administration and research costs	6725	6405	320	5.0% ( 5.0 % )

4	operating income	11503	10815	688	6.4% ( 6.4 % )

Question: by what amount did the net earnings attributable to pmi decrease over the year, in millions?

Answer: 932.0


by what amount did the net earnings attributable to pmi decrease over the year, in millions?

Question: and what percentage of those net earnings in the previous year is represented by this amount?

Answer: 0.134


and what percentage of those net earnings in the previous year is represented by this amount?

Question: considering, then, this decrease amount and the percentage of the net earnings it represents, what was the total of those net earnings in the previous year, in millions?

Answer: 6955.22388


considering, then, this decrease amount and the percentage of the net earnings it represents, what was the total of those net earnings in the previous year, in millions?

Question: and how much is that in billions?

Answer: 6.95522


goodwill goodwill represents the excess of the solexa purchase price over the sum of the amounts assigned to assets acquired less liabilities assumed .

the company believes that the acquisition of solexa will produce the following significant benefits : 2022 increased market presence and opportunities .

the combination of the company and solexa should increase the combined company 2019s market presence and opportunities for growth in revenue , earnings and stockholder return .

the company believes that the solexa technology is highly complementary to the company 2019s own portfolio of products and services and will enhance the company 2019s capabilities to service its existing customers , as well as accelerate the develop- ment of additional technologies , products and services .

the company believes that integrating solexa 2019s capabilities with the company 2019s technologies will better position the company to address the emerging biomarker research and development and in-vitro and molecular diag- nostic markets .

the company began to recognize revenue from products shipped as a result of this acquisition during the first quarter of 2007 .

the combination of the company and solexa provides the opportunity for potential economies of scale and cost savings .

the company believes that these primary factors support the amount of goodwill recognized as a result of the purchase price paid for solexa , in relation to other acquired tangible and intangible assets , including in-process research and development .

the following unaudited pro forma information shows the results of the company 2019s operations for the specified reporting periods as though the acquisition had occurred as of the beginning of that period ( in thousands , except per share data ) : year ended december 30 , year ended december 31 .

the pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the actual results of operations had the acquisition taken place as of the beginning of the periods presented , or the results that may occur in the future .

the pro forma results exclude the $ 303.4 million non-cash acquired ipr&d charge recorded upon the closing of the acquisition during the first quarter of 2007 .

investment in solexa on november 12 , 2006 , the company entered into a definitive securities purchase agreement with solexa in which the company invested approximately $ 50 million in solexa in exchange for 5154639 newly issued shares of solexa common stock in conjunction with the merger of the two companies .

this investment was valued at $ 67.8 million as of december 31 , 2006 , which represented a market value of $ 13.15 per share of solexa common stock .

this investment was eliminated as part of the company 2019s purchase accounting upon the closing of the merger on january 26 , 2007 .

notes to consolidated financial statements 2014 ( continued ) .

Question: in the year of 2007, what was the net income as a portion of the revenue?

Answer: 0.0474


in the year of 2007, what was the net income as a portion of the revenue?

Question: and what was the change in that net income since 2006?

Answer: 56345.0


and what was the change in that net income since 2006?

Question: what percentage does this change represent in relation to the 2006 net income?

Answer: 1.44634


when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use .

however , many of our assets are self-constructed .

a large portion of our capital expenditures is for track structure expansion ( capacity projects ) and replacement ( program projects ) , which is typically performed by our employees .

approximately 13% ( 13 % ) of our full-time equivalent employees are dedicated to the construction of capital assets .

costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized .

direct costs that are capitalized as part of self-constructed assets include material , labor , and work equipment .

indirect costs are capitalized if they clearly relate to the construction of the asset .

these costs are allocated using appropriate statistical bases .

the capitalization of indirect costs is consistent with fasb statement no .

67 , accounting for costs and initial rental operations of real estate projects .

general and administrative expenditures are expensed as incurred .

normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized .

assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .

amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .

accounts payable and other current liabilities dec .

fair value measurements during the first quarter of 2008 , we fully adopted fasb statement no .

157 , fair value measurements ( fas 157 ) .

fas 157 established a framework for measuring fair value and expanded disclosures about fair value measurements .

the adoption of fas 157 had no impact on our financial position or results of operations .

fas 157 applies to all assets and liabilities that are measured and reported on a fair value basis .

this enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values .

the statement requires that each asset and liability carried at fair value be classified into one of the following categories : level 1 : quoted market prices in active markets for identical assets or liabilities .

level 2 : observable market based inputs or unobservable inputs that are corroborated by market data .

level 3 : unobservable inputs that are not corroborated by market data. .

1	millions of dollars	dec . 31 2008	dec . 31 2007

2	accounts payable	$ 629	$ 732

3	accrued wages and vacation	367	394

4	accrued casualty costs	390	371

5	income and other taxes	207	343

6	dividends and interest	328	284

7	equipment rents payable	93	103

8	other	546	675

9	total accounts payable and other current liabilities	$ 2560	$ 2902

Question: as of december 31, 2008, what was the amount of the accrued wages and vacation?

Answer: 367.0


as of december 31, 2008, what was the amount of the accrued wages and vacation?

Question: and what was the total of accounts payable and other current liabilities?

Answer: 2560.0


and what was the total of accounts payable and other current liabilities?

Question: what percentage, then, did that amount represent in relation to this total?

Answer: 0.14336


what percentage, then, did that amount represent in relation to this total?

Question: and from 2007 to that year, what was the change in the total of equipment rents payable?

Answer: -10.0


and from 2007 to that year, what was the change in the total of equipment rents payable?

Question: what is this change as a percentage of that total in 2007?

Answer: -0.09709


and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure .

2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels .

where the counterparty netting is across levels , the netting is included in cross-level counterparty netting .

significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives .

level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 .

in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts .

2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative .

2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments .

an average greater than the median indicates that the majority of inputs are below the average .

for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range .

2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative .

for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative .

accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives .

2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models .

2030 the fair value of any one instrument may be determined using multiple valuation techniques .

for example , option pricing models and discounted cash flows models are typically used together to determine fair value .

therefore , the level 3 balance encompasses both of these techniques .

2030 correlation within currencies and equities includes cross- product type correlation .

2030 natural gas spread represents the spread per million british thermal units of natural gas .

2030 oil spread represents the spread per barrel of oil and refined products .

range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation .

ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions .

generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type .

ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices .

for example , volatility of equity indices is generally lower than volatility of single stocks .

2030 credit spreads , upfront credit points and recovery rates .

the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) .

the broad range of this population gives rise to the width of the ranges of significant unobservable inputs .

Question: between 2016 and 2017, what was the variation in the credit net?

Answer: -999.0


in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts .

2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative .

2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments .

an average greater than the median indicates that the majority of inputs are below the average .

for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range .

2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative .

for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative .

accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives .

2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models .

2030 the fair value of any one instrument may be determined using multiple valuation techniques .

for example , option pricing models and discounted cash flows models are typically used together to determine fair value .

therefore , the level 3 balance encompasses both of these techniques .

2030 correlation within currencies and equities includes cross- product type correlation .

2030 natural gas spread represents the spread per million british thermal units of natural gas .

2030 oil spread represents the spread per barrel of oil and refined products .

range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation .

ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions .

generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type .

ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices .

for example , volatility of equity indices is generally lower than volatility of single stocks .

2030 credit spreads , upfront credit points and recovery rates .

the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) .

the broad range of this population gives rise to the width of the ranges of significant unobservable inputs .

between 2016 and 2017, what was the variation in the credit net?

Question: and what was that credit net in 2016?

Answer: 2504.0


in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts .

2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative .

2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments .

an average greater than the median indicates that the majority of inputs are below the average .

for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range .

2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative .

for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative .

accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives .

2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models .

2030 the fair value of any one instrument may be determined using multiple valuation techniques .

for example , option pricing models and discounted cash flows models are typically used together to determine fair value .

therefore , the level 3 balance encompasses both of these techniques .

2030 correlation within currencies and equities includes cross- product type correlation .

2030 natural gas spread represents the spread per million british thermal units of natural gas .

2030 oil spread represents the spread per barrel of oil and refined products .

range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation .

ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions .

generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type .

ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices .

for example , volatility of equity indices is generally lower than volatility of single stocks .

2030 credit spreads , upfront credit points and recovery rates .

the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) .

the broad range of this population gives rise to the width of the ranges of significant unobservable inputs .

Question: what was, then, that variation as a percent of this 2016 amount?

Answer: -0.39896


in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts .

2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative .

2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments .

an average greater than the median indicates that the majority of inputs are below the average .

for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range .

2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative .

for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative .

accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives .

2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models .

2030 the fair value of any one instrument may be determined using multiple valuation techniques .

for example , option pricing models and discounted cash flows models are typically used together to determine fair value .

therefore , the level 3 balance encompasses both of these techniques .

2030 correlation within currencies and equities includes cross- product type correlation .

2030 natural gas spread represents the spread per million british thermal units of natural gas .

2030 oil spread represents the spread per barrel of oil and refined products .

range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation .

ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions .

generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type .

ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices .

for example , volatility of equity indices is generally lower than volatility of single stocks .

2030 credit spreads , upfront credit points and recovery rates .

the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) .

the broad range of this population gives rise to the width of the ranges of significant unobservable inputs .

what was, then, that variation as a percent of this 2016 amount?

Question: and in that same period, what was that variation for the net comodities?

Answer: -26.0


in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts .

2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative .

2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments .

an average greater than the median indicates that the majority of inputs are below the average .

for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range .

2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative .

for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative .

accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives .

2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models .

2030 the fair value of any one instrument may be determined using multiple valuation techniques .

for example , option pricing models and discounted cash flows models are typically used together to determine fair value .

therefore , the level 3 balance encompasses both of these techniques .

2030 correlation within currencies and equities includes cross- product type correlation .

2030 natural gas spread represents the spread per million british thermal units of natural gas .

2030 oil spread represents the spread per barrel of oil and refined products .

range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation .

ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions .

generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type .

ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices .

for example , volatility of equity indices is generally lower than volatility of single stocks .

2030 credit spreads , upfront credit points and recovery rates .

the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) .

the broad range of this population gives rise to the width of the ranges of significant unobservable inputs .

and in that same period, what was that variation for the net comodities?

Question: and what percentage did this variation represent in relation to the 2016 commodities?

Answer: -0.35616


of exiting a business in japan , economic weakness in asia and political unrest in thailand , partially offset by growth in new zealand and certain emerging markets .

reinsurance commissions , fees and other revenue increased 48% ( 48 % ) , due mainly to the benfield merger , partially offset by unfavorable foreign currency translation .

organic revenue is even with 2008 , as growth in domestic treaty business and slightly higher pricing was offset by greater client retention , and declines in investment banking and facultative placements .

operating income operating income increased $ 54 million or 6% ( 6 % ) from 2008 to $ 900 million in 2009 .

in 2009 , operating income margins in this segment were 14.3% ( 14.3 % ) , up 60 basis points from 13.7% ( 13.7 % ) in 2008 .

contributing to increased operating income and margins were the merger with benfield , lower e&o costs due to insurance recoveries , a pension curtailment gain of $ 54 million in 2009 versus a curtailment loss of $ 6 million in 2008 , declines in anti-corruption and compliance initiative costs of $ 35 million , restructuring savings , and other cost savings initiatives .

these items were partially offset by an increase of $ 140 million in restructuring costs , $ 95 million of lower fiduciary investment income , benfield integration costs and higher amortization of intangible assets obtained in the merger , and unfavorable foreign currency translation .

our consulting segment generated 17% ( 17 % ) of our consolidated total revenues in 2009 and provides a broad range of human capital consulting services , as follows : consulting services : 1 .

health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees .

benefits consulting include health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services .

retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration .

compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries .

strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management .

outsourcing offers employment processing , performance improvement , benefits administration and other employment-related services .

beginning in late 2008 and continuing throughout 2009 , the disruption in the global credit markets and the deterioration of the financial markets has created significant uncertainty in the marketplace .

the prolonged economic downturn is adversely impacting our clients 2019 financial condition and the levels of business activities in the industries and geographies where we operate .

while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and depressing the price of those services , which is having an adverse effect on our new business and results of operations. .

1	years ended december 31,	2009	2008	2007

2	segment revenue	$ 1267	$ 1356	$ 1345

3	segment operating income	203	208	180

4	segment operating income margin	16.0% ( 16.0 % )	15.3% ( 15.3 % )	13.4% ( 13.4 % )

Question: what is the difference in segment revenue from 2008 to 2009?

Answer: -89.0


what is the difference in segment revenue from 2008 to 2009?

Question: what is the 2008 value?

Answer: 1356.0


Question: what is the net change over the 2008 value?

Answer: -0.06563