( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .

our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .

our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .

available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .

we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .

we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .

purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .

our global sourcing team works closely with both teams .

in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .

the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .

what was the beginning number of stores in 2012?

Question: and what was the number of stores in the end of that year?

Answer: 3460.0


the following table sets forth information concerning increases in the total number of our aap stores during the past five years: .

( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .

our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .

our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .

available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .

we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .

we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .

purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .

our global sourcing team works closely with both teams .

in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .

the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .

and what was the number of stores in the end of that year?

Question: what was, then, the change in that number throughout the year?

Answer: 116.0


( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .

our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .

our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .

available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .

we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .

we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .

purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .

our global sourcing team works closely with both teams .

in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .

the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .

what was, then, the change in that number throughout the year?

Question: what was the ending number of stores in 2012?

Answer: 3460.0


( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .

our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .

our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .

available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .

we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .

we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .

purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .

our global sourcing team works closely with both teams .

in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .

the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .

what was the ending number of stores in 2012?

Question: and how much does that change represent in relation to this number?

Answer: 0.03353


market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2010 and 2009. .

on february 11 , 2011 , the closing price of our common stock was $ 56.73 per share as reported on the nyse .

as of february 11 , 2011 , we had 397612895 outstanding shares of common stock and 463 registered holders .

dividends we have not historically paid a dividend on our common stock .

payment of dividends in the future , when , as and if authorized by our board of directors , would depend upon many factors , including our earnings and financial condition , restrictions under applicable law and our current and future loan agreements , our debt service requirements , our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time , including the potential determination to elect reit status .

in addition , the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied .

for more information about the restrictions under the loan agreement for the revolving credit facility and term loan , our notes indentures and the loan agreement related to our securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report. .

1	2010	high	low

2	quarter ended march 31	$ 44.61	$ 40.10

3	quarter ended june 30	45.33	38.86

4	quarter ended september 30	52.11	43.70

5	quarter ended december 31	53.14	49.61

6	2009	high	low

7	quarter ended march 31	$ 32.53	$ 25.45

8	quarter ended june 30	34.52	27.93

9	quarter ended september 30	37.71	29.89

10	quarter ended december 31	43.84	35.03

Question: what was the change in the share price from lowest to highest during the quarter ended september 30 of 2010?

Answer: 8.41


what was the change in the share price from lowest to highest during the quarter ended september 30 of 2010?

Question: and how much does this change represent in relation to the lowest price of that quarter, in percentage?

Answer: 0.19245


five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2007 , assuming that dividends were reinvested .

the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group .

snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .

( 1 ) assumes $ 100 was invested on december 31 , 2007 , and that dividends were reinvested quarterly .

( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 .

( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w .

cooper industries plc , a former member of the peer group , was removed , as it was acquired by a larger , non-comparable company in 2012 .

2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012 .

Question: what is the value of the investment in snap-onincorporated	in 2008?

Answer: 83.66


what is the value of the investment in snap-onincorporated	in 2008?

Question: what is the net change in value?

Answer: -16.34


Question: what percentage change does this represent?

Answer: -0.1634


the following table presents information regarding capital stock: .

cme group has no shares of preferred stock issued and outstanding .

members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access open outcry trading , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents .

each class of cme group class b common stock is associated with a membership in a specific division for trading at cme .

a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group .

the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below .

trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships .

members of cbot , nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits .

holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares .

these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections .

votes on changes to these core rights are weighted by class .

each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share .

the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights .

holders of shares of class a common stock do not have the right to vote on changes to core rights .

with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required .

in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share .

each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group .

these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights .

the cme group board of directors is currently comprised of 20 members .

holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders .

the remaining directors are elected by the class a and class b shareholders voting as a single class. .

1	( in thousands )	december 31 , 2017	december 31 , 2016

2	class a common stock authorized	1000000	1000000

3	class a common stock issued and outstanding	339235	338240

4	class b-1 common stock authorized issued and outstanding	0.6	0.6

5	class b-2 common stock authorized issued and outstanding	0.8	0.8

6	class b-3 common stock authorized issued and outstanding	1.3	1.3

7	class b-4 common stock authorized issued and outstanding	0.4	0.4

Question: between the years of 2016 and 2017, what was the change in the number of class a common stocks issued and outstanding?

Answer: 995.0


cme group has no shares of preferred stock issued and outstanding .

members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access open outcry trading , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents .

each class of cme group class b common stock is associated with a membership in a specific division for trading at cme .

a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group .

the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below .

trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships .

members of cbot , nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits .

holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares .

these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections .

votes on changes to these core rights are weighted by class .

each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share .

the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights .

holders of shares of class a common stock do not have the right to vote on changes to core rights .

with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required .

in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share .

each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group .

these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights .

the cme group board of directors is currently comprised of 20 members .

holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders .

the remaining directors are elected by the class a and class b shareholders voting as a single class. .

between the years of 2016 and 2017, what was the change in the number of class a common stocks issued and outstanding?

Question: and in that year of 2017, what percentage did this number represent in relation to the total amount of class a common stock authorized?

Answer: 0.33924


our debt issuances in 2014 were as follows : ( in millions ) type face value ( e ) interest rate issuance maturity euro notes ( a ) 20ac750 ( approximately $ 1029 ) 1.875% ( 1.875 % ) march 2014 march 2021 euro notes ( a ) 20ac1000 ( approximately $ 1372 ) 2.875% ( 2.875 % ) march 2014 march 2026 euro notes ( b ) 20ac500 ( approximately $ 697 ) 2.875% ( 2.875 % ) may 2014 may 2029 swiss franc notes ( c ) chf275 ( approximately $ 311 ) 0.750% ( 0.750 % ) may 2014 december 2019 swiss franc notes ( b ) chf250 ( approximately $ 283 ) 1.625% ( 1.625 % ) may 2014 may 2024 u.s .

dollar notes ( d ) $ 500 1.250% ( 1.250 % ) november 2014 november 2017 u.s .

dollar notes ( d ) $ 750 3.250% ( 3.250 % ) november 2014 november 2024 u.s .

dollar notes ( d ) $ 750 4.250% ( 4.250 % ) november 2014 november 2044 ( a ) interest on these notes is payable annually in arrears beginning in march 2015 .

( b ) interest on these notes is payable annually in arrears beginning in may 2015 .

( c ) interest on these notes is payable annually in arrears beginning in december 2014 .

( d ) interest on these notes is payable semiannually in arrears beginning in may 2015 .

dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance .

the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes .

the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2013 and 2014 .

2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below .

guarantees 2013 at december 31 , 2014 , we were contingently liable for $ 1.0 billion of guarantees of our own performance , which were primarily related to excise taxes on the shipment of our products .

there is no liability in the consolidated financial statements associated with these guarantees .

at december 31 , 2014 , our third-party guarantees were insignificant. .

1	type		face value ( e )	interest rate	issuance	maturity

2	euro notes	( a )	20ac750 ( approximately $ 1029 )	1.875% ( 1.875 % )	march 2014	march 2021

3	euro notes	( a )	20ac1000 ( approximately $ 1372 )	2.875% ( 2.875 % )	march 2014	march 2026

4	euro notes	( b )	20ac500 ( approximately $ 697 )	2.875% ( 2.875 % )	may 2014	may 2029

5	swiss franc notes	( c )	chf275 ( approximately $ 311 )	0.750% ( 0.750 % )	may 2014	december 2019

6	swiss franc notes	( b )	chf250 ( approximately $ 283 )	1.625% ( 1.625 % )	may 2014	may 2024

7	u.s . dollar notes	( d )	$ 500	1.250% ( 1.250 % )	november 2014	november 2017

8	u.s . dollar notes	( d )	$ 750	3.250% ( 3.250 % )	november 2014	november 2024

9	u.s . dollar notes	( d )	$ 750	4.250% ( 4.250 % )	november 2014	november 2044

Question: what is the value of euro notes with march 2021 maturities?

Answer: 1029.0


what is the value of euro notes with march 2021 maturities?

Question: what is the value with march 2026 maturities?

Answer: 1372.0


what is the value with march 2026 maturities?

Question: what is the sum?

Answer: 2401.0


Question: what is the value of euro notes with may 2029 maturities?

Answer: 697.0


what is the value of euro notes with may 2029 maturities?

Question: what is the total sum of the 3?

Answer: 3098.0


note 10 2013 debt our long-term debt consisted of the following ( in millions ) : .

revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

Question: what was the total long-term debt net in 2015?

Answer: 15261.0


revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

what was the total long-term debt net in 2015?

Question: and what was it in 2014?

Answer: 6142.0


revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

Question: what was, then, the change over the year?

Answer: 9119.0


revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

what was, then, the change over the year?

Question: what was the total long-term debt net in 2014?

Answer: 6142.0


revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

what was the total long-term debt net in 2014?

Question: and how much does that change represent in relation to this 2014 long-term debt, in percentage?

Answer: 1.4847


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 was the amount of the afs investment securities in 2018?

Answer: 228681.0


what was the amount of the afs investment securities in 2018?

Question: and what was it in 2017?

Answer: 200247.0


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

Answer: 428928.0


what was, then, the combined total for the two years?

Question: including 2016, what then becomes this total?

Answer: 665598.0


including 2016, what then becomes this total?

Question: and what was the average between the three years?

Answer: 221866.0


and what was the average between the three years?

Question: and between the last two years of that period, from 2017 to 2018, what was the change in the ending available for sale investment securities?

Answer: 28434.0


stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .

( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc .

company index november 17 , december 31 , december 31 , december 31 , december 31 .

dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares .

the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 .

in january 2014 , the board of directors increased the quarterly dividend rate to $ 0.25 per ordinary share , which was paid in each quarter of 2014 .

in addition , in january 2015 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2015 to shareholders of record at the close of business on february 18 , 2015. .

Question: what is the net change in value of delphi automotive plc from 2011 to 2014?

Answer: 250.82


what is the net change in value of delphi automotive plc from 2011 to 2014?

Question: what is that divided by 100?

Answer: 2.5082


backlog applied manufactures systems to meet demand represented by order backlog and customer commitments .

backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months .

backlog by reportable segment as of october 27 , 2013 and october 28 , 2012 was as follows : 2013 2012 ( in millions , except percentages ) .

applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders .

customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties .

delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations .

manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems .

applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites .

applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products .

although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible .

accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers .

applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers .

research , development and engineering applied 2019s long-term growth strategy requires continued development of new products .

the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle .

applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements .

product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china .

in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india .

process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel .

applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 , and $ 1.1 billion ( 11 percent of net sales ) in fiscal 2011 .

applied has spent an average of 14 percent of net sales in rd&e over the last five years .

in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. .

Question: what was the change in rd&e spendings from 2013 to 2014?

Answer: 0.1


applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders .

customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties .

delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations .

manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems .

applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites .

applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products .

although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible .

accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers .

applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers .

research , development and engineering applied 2019s long-term growth strategy requires continued development of new products .

the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle .

applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements .

product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china .

in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india .

process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel .

applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 , and $ 1.1 billion ( 11 percent of net sales ) in fiscal 2011 .

applied has spent an average of 14 percent of net sales in rd&e over the last five years .

in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. .

what was the change in rd&e spendings from 2013 to 2014?

Question: and how much does this change represent in relation to those spendings in 2013, in percentage?

Answer: 0.08333


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: what was the difference in accrued wages and vacation between 2007 and 2008?

Answer: -27.0


what was the difference in accrued wages and vacation between 2007 and 2008?

Question: so what was the percentage change over this time?

Answer: -0.06853


the amounts ultimately applied against our offset agreements are based on negotiations with the customer and generally require cash outlays that represent only a fraction of the original amount in the offset agreement .

at december 31 , 2005 , we had outstanding offset agreements totaling $ 8.4 bil- lion , primarily related to our aeronautics segment , that extend through 2015 .

to the extent we have entered into purchase obligations at december 31 , 2005 that also satisfy offset agree- ments , those amounts are included in the preceding table .

we have entered into standby letter of credit agreements and other arrangements with financial institutions and custom- ers mainly relating to advances received from customers and/or the guarantee of future performance on some of our contracts .

at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .

( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .

included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities .

approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer .

these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms .

similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance .

at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) .

quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates .

our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt .

if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt .

the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion .

the majority of our long-term debt obligations are not callable until maturity .

we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place .

we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment .

these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities .

related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted .

to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period .

at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material .

we do not hold or issue derivative financial instruments for trad- ing or speculative purposes .

recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows .

fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .

1	( in millions )	commitment expiration by period total commitment	commitment expiration by period less than 1 year ( a )	commitment expiration by period 1-3 years ( a )	commitment expiration by period 3-5 years	commitment expiration by period after 5 years

2	standby letters of credit	$ 2630	$ 2425	$ 171	$ 18	$ 16

3	surety bonds	434	79	352	3	2014

4	guarantees	2	1	1	2014	2014

5	total commitments	$ 3066	$ 2505	$ 524	$ 21	$ 16

Question: what was the percentage of total commitments that expire in less than a year?

Answer: 0.81703


( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .

included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities .

approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer .

these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms .

similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance .

at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) .

quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates .

our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt .

if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt .

the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion .

the majority of our long-term debt obligations are not callable until maturity .

we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place .

we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment .

these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities .

related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted .

to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period .

at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material .

we do not hold or issue derivative financial instruments for trad- ing or speculative purposes .

recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows .

fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .

what was the percentage of total commitments that expire in less than a year?

Question: what percentage of total commitments expire in 1-3 years?

Answer: 0.17091


management 2019s discussion and analysis of financial condition and results of operations our management 2019s discussion and analysis of financial condition and results of operations ( md&a ) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations , financial condition , and cash flows .

md&a is organized as follows : 2022 overview .

discussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of md&a .

accounting estimates that we believe are most important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts .

an analysis of our financial results comparing 2013 to 2012 and comparing 2012 to 2022 liquidity and capital resources .

an analysis of changes in our balance sheets and cash flows , and discussion of our financial condition and potential sources of liquidity .

2022 fair value of financial instruments .

discussion of the methodologies used in the valuation of our financial instruments .

2022 contractual obligations and off-balance-sheet arrangements .

overview of contractual obligations , contingent liabilities , commitments , and off-balance-sheet arrangements outstanding as of december 28 , 2013 , including expected payment schedule .

the various sections of this md&a contain a number of forward-looking statements that involve a number of risks and uncertainties .

words such as 201canticipates , 201d 201cexpects , 201d 201cintends , 201d 201cplans , 201d 201cbelieves , 201d 201cseeks , 201d 201cestimates , 201d 201ccontinues , 201d 201cmay , 201d 201cwill , 201d 201cshould , 201d and variations of such words and similar expressions are intended to identify such forward-looking statements .

in addition , any statements that refer to projections of our future financial performance , our anticipated growth and trends in our businesses , uncertain events or assumptions , and other characterizations of future events or circumstances are forward-looking statements .

such statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in 201crisk factors 201d in part i , item 1a of this form 10-k .

our actual results may differ materially , and these forward-looking statements do not reflect the potential impact of any divestitures , mergers , acquisitions , or other business combinations that had not been completed as of february 14 , 2014 .

overview our results of operations for each period were as follows: .

revenue for 2013 was down 1% ( 1 % ) from 2012 .

pccg experienced lower platform unit sales in the first half of the year , but saw offsetting growth in the back half as the pc market began to show signs of stabilization .

dcg continued to benefit from the build out of internet cloud computing and the strength of our product portfolio resulting in increased platform volumes for dcg for the year .

higher factory start-up costs for our next-generation 14nm process technology led to a decrease in gross margin compared to 2012 .

in response to the current business environment and to better align resources , management approved several restructuring actions including targeted workforce reductions as well as the exit of certain businesses and facilities .

these actions resulted in restructuring and asset impairment charges of $ 240 million for 2013 .

Question: what was the change in the net revenue from 2012 to 2013?

Answer: -633.0


what was the change in the net revenue from 2012 to 2013?

Question: and what was that net revenue in 2012?

Answer: 53341.0


Question: how much, then, does that change represent in relation to this 2012 net revenue, in percentage?

Answer: -0.01187


investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 .

average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 .

other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors .

net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 .

administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 .

this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions .

changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .

our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 .

the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program .

reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses .

average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 .

advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment .

depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans .

other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries .

our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs .

our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .

the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .

the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .

lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments .

the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 .

our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) .

c a p i t a l r e s o u r c e s a n d l i q u i d i t y .

during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion .

we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 .

tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion .

given the availability of these financial resources , we do not maintain an available external source of liquidity .

1		2008	2009	change

2	other than temporary impairments recognized	$ -91.3 ( 91.3 )	$ -36.1 ( 36.1 )	$ 55.2

3	capital gain distributions received	5.6	2.0	-3.6 ( 3.6 )

4	net gain ( loss ) realized on fund dispositions	-4.5 ( 4.5 )	7.4	11.9

5	net loss recognized on fund holdings	$ -90.2 ( 90.2 )	$ -26.7 ( 26.7 )	$ 63.5

Question: between the years of 2008 and 2009, what was the variation in the capital gain distributions?

Answer: -2.7


investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 .

average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 .

other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors .

net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 .

administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 .

this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions .

changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .

our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 .

the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program .

reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses .

average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 .

advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment .

depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans .

other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries .

our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs .

our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .

the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .

the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .

between the years of 2008 and 2009, what was the variation in the capital gain distributions?

Question: and what is this variation as a percent of those distributions in 2008?

Answer: -0.48214


investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 .

average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 .

other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors .

net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 .

administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 .

this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions .

changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .

our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 .

the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program .

reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses .

average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 .

advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment .

depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans .

other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries .

our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs .

our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .

the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .

the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .

and what is this variation as a percent of those distributions in 2008?

Question: and in the subsequent year of this period, in 2010, what was the average price for which the shares were repurchased?

Answer: 48.0


2022 a financial safeguard package for cleared over-the-counter credit default swap contracts , and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts .

in the unlikely event of a payment default by a clearing firm , we would first apply assets of the defaulting clearing firm to satisfy its payment obligation .

these assets include the defaulting firm 2019s guaranty fund contributions , performance bonds and any other available assets , such as assets required for membership and any associated trading rights .

in addition , we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm .

thereafter , if the payment default remains unsatisfied , we would use the corporate contributions designated for the respective financial safeguard package .

we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit .

we maintain a $ 5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing .

we have the option to request an increase in the line from $ 5.0 billion to $ 7.0 billion .

we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default , in the event of a liquidity constraint or default by a depositary ( custodian of the collateral ) , or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms .

the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit .

pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s .

treasury or agency securities , as well as select money market mutual funds approved for our select interest earning facility ( ief ) programs .

performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line .

in addition to the 364-day multi- currency line of credit , we also have the option to use our $ 1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default .

aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $ 86.8 billion , including $ 5.6 billion of cash performance bond deposits and $ 4.2 billion of letters of credit .

a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm .

the following shows the available assets at december 31 , 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets : ( in millions ) cme clearing available assets designated corporate contributions for futures and options ( 1 ) .

$ 100.0 guaranty fund contributions ( 2 ) .

7973.6 minimum total assets available for default ( 4 ) .

$ 10973.1 ( 1 ) cme clearing designates $ 100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit .

( 2 ) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms , but do not include any excess deposits held by us at the direction of clearing firms .

( 3 ) in the event of a clearing firm default , if a loss continues to exist after the utilization of the assets of the defaulted firm , our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions , we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund .

( 4 ) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral. .

1	( in millions )	cme clearingavailable assets

2	designated corporate contributions for futures and options ( 1 )	$ 100.0

3	guaranty fund contributions ( 2 )	2899.5

4	assessment powers ( 3 )	7973.6

5	minimum total assets available for default ( 4 )	$ 10973.1

Question: what is the maximum potential change that can be made by cme on their current line of credit?

Answer: 2.0