entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .

( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .

( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .

the contracts include a one-time fee for generation prior to april 7 , 1983 .

entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term ( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations .

( e ) the fair value excludes lease obligations of $ 149 million at entergy louisiana and $ 97 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 95 million at entergy , and includes debt due within one year .

fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .

the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2013 , for the next five years are as follows : amount ( in thousands ) .

in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .

entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .

in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .

this liability was recorded upon the purchase of indian point 2 in september 2001 .

in july 2003 a payment of $ 102 million was made prior to maturity on the note payable to nypa .

under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .

entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015 .

entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015 .

entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014 .

capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .

Question: what is the amount of long-term debt due in 2014?

Answer: 385373.0


what is the amount of long-term debt due in 2014?

Question: what is the amount due in 2015?

Answer: 1110566.0


Question: what is the sum?

Answer: 1495939.0


Question: what is the sum divided by 1000?

Answer: 1495.939


the pnc financial services group , inc .

2013 form 10-k 155 of such other legal proceedings will have a material adverse effect on our financial position .

however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period .

note 20 commitments in the normal course of business , we have various commitments outstanding , certain of which are not included on our consolidated balance sheet .

the following table presents our outstanding commitments to extend credit along with significant other commitments as of december 31 , 2018 and 2017 , respectively .

table 94 : commitments to extend credit and other commitments in millions december 31 december 31 .

commitments to extend credit , or net unfunded loan commitments , represent arrangements to lend funds or provide liquidity subject to specified contractual conditions .

these commitments generally have fixed expiration dates , may require payment of a fee , and generally contain termination clauses in the event the customer 2019s credit quality deteriorates .

net outstanding standby letters of credit we issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution .

approximately 91% ( 91 % ) of our net outstanding standby letters of credit were rated as pass at both december 31 , 2018 and 2017 , with the remainder rated as criticized .

an internal credit rating of pass indicates the expected risk of loss is currently low , while a rating of criticized indicates a higher degree of risk .

if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them .

the standby letters of credit outstanding on december 31 , 2018 had terms ranging from less than one year to six years .

as of december 31 , 2018 , assets of $ 1.1 billion secured certain specifically identified standby letters of credit .

in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us .

the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ .2 billion at december 31 , 2018 and is included in other liabilities on our consolidated balance sheet. .

1	in millions	december 31 2018	december 312017

2	commitments to extend credit

3	total commercial lending	$ 120165	$ 112125

4	home equity lines of credit	16944	17852

5	credit card	27100	24911

6	other	5069	4753

7	total commitments to extend credit	169278	159641

8	net outstanding standby letters of credit ( a )	8655	8651

9	reinsurance agreements ( b )	1549	1654

10	standby bond purchase agreements ( c )	1000	843

11	other commitments ( d )	1130	1732

12	total commitments to extend credit and other commitments	$ 181612	$ 172521

Question: what is the net change in total commitments to extend credit and other commitments from 2017 to 2018?

Answer: 9091.0


what is the net change in total commitments to extend credit and other commitments from 2017 to 2018?

Question: what is the value in 2017?

Answer: 172521.0


Question: what is the net change divided by the 2017 value?

Answer: 0.0527


the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .

the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .

the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .

while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .

however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .

it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 .

our effective tax rate and net income in any given future period could therefore be materially impacted .

discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo .

the disposal of sul was completed in october 2016 .

in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares .

aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .

the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 .

we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented .

upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul .

prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .

however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group .

on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .

upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million .

the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion .

this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million .

sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively .

sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million .

prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment .

as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no .

discontinued operations prior to adoption of asu no .

2014-08 include the results of cameroon , saurashtra and various u.s .

wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .

1	december 31,	2016	2015	2014

2	balance at january 1	$ 373	$ 394	$ 392

3	additions for current year tax positions	8	7	7

4	additions for tax positions of prior years	1	12	14

5	reductions for tax positions of prior years	-1 ( 1 )	-7 ( 7 )	-2 ( 2 )

6	effects of foreign currency translation	2	-7 ( 7 )	-3 ( 3 )

7	settlements	-13 ( 13 )	-19 ( 19 )	-2 ( 2 )

8	lapse of statute of limitations	-1 ( 1 )	-7 ( 7 )	-12 ( 12 )

9	balance at december 31	$ 369	$ 373	$ 394

Question: what was the value of unrecognized tax benefits in 2016?

Answer: 369.0


the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .

the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .

while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .

however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .

it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 .

our effective tax rate and net income in any given future period could therefore be materially impacted .

discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo .

the disposal of sul was completed in october 2016 .

in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares .

aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .

the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 .

we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented .

upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul .

prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .

however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group .

on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .

upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million .

the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion .

this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million .

sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively .

sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million .

prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment .

as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no .

discontinued operations prior to adoption of asu no .

2014-08 include the results of cameroon , saurashtra and various u.s .

wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .

what was the value of unrecognized tax benefits in 2016?

Question: what was it in 2015?

Answer: 373.0


the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .

the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .

while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .

however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .

it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 .

our effective tax rate and net income in any given future period could therefore be materially impacted .

discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo .

the disposal of sul was completed in october 2016 .

in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares .

aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .

the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 .

we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented .

upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul .

prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .

however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group .

on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .

upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million .

the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion .

this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million .

sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively .

sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million .

prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment .

as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no .

discontinued operations prior to adoption of asu no .

2014-08 include the results of cameroon , saurashtra and various u.s .

wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .

Question: what is the 2016 value less the 2015?

Answer: -4.0


the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .

the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .

while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .

however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .

it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 .

our effective tax rate and net income in any given future period could therefore be materially impacted .

discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo .

the disposal of sul was completed in october 2016 .

in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares .

aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .

the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 .

we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented .

upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul .

prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .

however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group .

on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .

upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million .

the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion .

this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million .

sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively .

sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million .

prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment .

as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no .

discontinued operations prior to adoption of asu no .

2014-08 include the results of cameroon , saurashtra and various u.s .

wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .

Question: what is the 2015 value?

Answer: 373.0


the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years .

the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded .

while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits .

however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty .

it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 .

our effective tax rate and net income in any given future period could therefore be materially impacted .

discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo .

the disposal of sul was completed in october 2016 .

in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares .

aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance .

the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 .

we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented .

upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul .

prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell .

however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group .

on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration .

upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million .

the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion .

this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million .

sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively .

sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million .

prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment .

as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no .

discontinued operations prior to adoption of asu no .

2014-08 include the results of cameroon , saurashtra and various u.s .

wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .

Question: what is the net change over the 2015 value?

Answer: -0.01072


divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by two percent .

net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware .

net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products .

net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .

our gross profit margins were 32.2 percent , 34.2 percent and 33.4 percent in 2018 , 2017 and 2016 , respectively .

the 2018 gross profit margin was negatively impacted by an increase in commodity costs , the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler , an increase in other expenses ( such as logistics costs and salaries ) and unfavorable sales mix .

these negative impacts were partially offset by an increase in net selling prices , the benefits associated with cost savings initiatives , and increased sales volume .

the 2017 gross profit margin was positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .

selling , general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016 .

the decrease in selling , general and administrative expenses , as a percentage of sales , was driven by leverage of fixed expenses , due primarily to increased sales volume , and improved cost control .

the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: .

operating profit margin in 2018 was negatively affected by an increase in commodity costs , the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler and an increase in other expenses ( such as logistics costs , salaries and erp costs ) .

these negative impacts were partially offset by increased net selling prices , benefits associated with cost savings initiatives and increased sales volume .

operating profit margin in 2017 was positively impacted by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .

operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .

due to the recently-announced increase in tariffs on imported materials from china , and assuming tariffs rise to 25 percent in 2019 , we could be exposed to approximately $ 150 million of potential annual direct cost increases .

we will work to mitigate the impact of these tariffs through a combination of price increases , supplier negotiations , supply chain repositioning and other internal productivity measures .

other income ( expense ) , net other , net , for 2018 included $ 14 million of net periodic pension and post-retirement benefit cost and $ 8 million of realized foreign currency losses .

these expenses were partially offset by $ 3 million of earnings related to equity method investments and $ 1 million related to distributions from private equity funds .

other , net , for 2017 included $ 26 million related to periodic pension and post-retirement benefit costs , $ 13 million net loss related to the divestitures of moores and arrow and $ 2 million related to the impairment of a private equity fund , partially offset by $ 3 million related to distributions from private equity funds and $ 1 million of earnings related to equity method investments. .

1		2018	2017	2016

2	operating profit as reported	$ 1211	$ 1194	$ 1087

3	rationalization charges	14	4	22

4	kichler inventory step up adjustment	40	2014	2014

5	operating profit as adjusted	$ 1265	$ 1198	$ 1109

6	operating profit margins as reported	14.5% ( 14.5 % )	15.6% ( 15.6 % )	14.8% ( 14.8 % )

7	operating profit margins as adjusted	15.1% ( 15.1 % )	15.7% ( 15.7 % )	15.1% ( 15.1 % )

Question: what was the operating profit margin as adjusted in 2017?

Answer: 0.157


what was the operating profit margin as adjusted in 2017?

Question: and what was it in 2016?

Answer: 0.151


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

Answer: 0.006


what was, then, the change over the year?

Question: and over the subsequent year, what was this change?

Answer: -0.006


and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue .

2015 compared to 2014 net income decreased $ 5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses , partially offset by higher net revenue and a lower effective tax rate .

net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .

following is an analysis of the change in net revenue comparing 2016 to 2015 .

the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement , each in november 2015 , and entergy texas 2019s exit from the system agreement in august 2016 .

see note 2 to the financial statements for a discussion of the system agreement .

the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 , as well as capacity cost changes for ongoing purchased power capacity contracts .

the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso. .

1		amount ( in millions )

2	2015 net revenue	$ 637.2

3	reserve equalization	14.3

4	purchased power capacity	12.4

5	transmission revenue	7.0

6	retail electric price	5.4

7	net wholesale	-27.8 ( 27.8 )

8	other	-4.3 ( 4.3 )

9	2016 net revenue	$ 644.2

Question: what was the total value of both the reserve equalization and the purchased power capacity as a change in net revenue from 2015 to 2016, in millions?

Answer: 26.7


what was the total value of both the reserve equalization and the purchased power capacity as a change in net revenue from 2015 to 2016, in millions?

Question: including the transmission revenue, what then becomes that total value?

Answer: 33.7


market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is traded on the nasdaq global select market under the symbol cdns .

as of february 2 , 2019 , we had 523 registered stockholders and approximately 56000 beneficial owners of our common stock .

stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index .

the graph assumes that the value of the investment in our common stock and in each index on december 28 , 2013 ( including reinvestment of dividends ) was $ 100 and tracks it each year thereafter on the last day of our fiscal year through december 29 , 2018 and , for each index , on the last day of the calendar year .

comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$ 100 invested on 12/28/13 in stock or index , including reinvestment of dividends .

copyright a9 2019 standard & poor 2019s , a division of s&p global .

nasdaq compositecadence design systems , inc .

s&p 500 s&p 500 information technology .

the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what is the value of cadence design system in 2018 less an initial investment of $100?

Answer: 211.13


what is the value of cadence design system in 2018 less an initial investment of $100?

Question: what is that divided by 100?

Answer: 2.1113


Question: what is the value of the nasdaq composite in 2018 less 100?

Answer: 65.84


what is the value of the nasdaq composite in 2018 less 100?

Question: what is that divided by 100?

Answer: 0.6584


Question: what is the difference of the cadence percent change and that of the nasdaq?

Answer: 1.4529


performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31 , 2018 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2017 .

the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .

comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .

Question: what was the fluctuation in the total return of citi common stock for the five year period ended 2017?

Answer: 93.5


what was the fluctuation in the total return of citi common stock for the five year period ended 2017?

Question: and what is this fluctuation as a percentage of that return in 2012?

Answer: 0.935


and what is this fluctuation as a percentage of that return in 2012?

Question: in that same period, what was that fluctuation for the s&p 500?

Answer: 108.1


in that same period, what was that fluctuation for the s&p 500?

Question: how much did this s&p 500 fluctuation represent in relation to that citi one?

Answer: 1.15615


market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .

the company 2019s common stock is listed on the new york stock exchange .

prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) .

as a result of the reverse stock split , every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share .

the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares .

the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 .

on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation .

the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders .

the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date .

the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation .

the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 .

the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. .

the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. .

Question: what was the high sales price in the second quarter of 2016?

Answer: 34.5


what was the high sales price in the second quarter of 2016?

Question: what was the high price in the first quarter?

Answer: 30.66


what was the high price in the first quarter?

Question: what is the ratio of the high prices, second quarter to first quarter?

Answer: 1.12524


what is the ratio of the high prices, second quarter to first quarter?

Question: what is that less 1?

Answer: 0.12524


the analysis of our depreciation studies .

changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .

under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .

the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .

the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .

because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .

in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .

any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .

for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .

a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .

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 replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .

costs that are directly attributable to capital projects ( including overhead costs ) 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 .

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 .

these costs are allocated using appropriate statistical bases .

total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 .

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 .

1	millions	dec . 31 2014	dec . 312013

2	accounts payable	$ 877	$ 803

3	dividends payable	438	356

4	income and other taxes payable	412	491

5	accrued wages and vacation	409	385

6	accrued casualty costs	249	207

7	interest payable	178	169

8	equipment rents payable	100	96

9	other	640	579

10	total accounts payable and othercurrent liabilities	$ 3303	$ 3086

Question: what is the balance of total accounts payable and other current liabilities in 2014?

Answer: 3303.0


the analysis of our depreciation studies .

changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .

under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .

the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .

the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .

because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .

in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .

any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .

for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .

a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .

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 replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .

costs that are directly attributable to capital projects ( including overhead costs ) 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 .

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 .

these costs are allocated using appropriate statistical bases .

total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 .

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 .

what is the balance of total accounts payable and other current liabilities in 2014?

Question: what about in 2013?

Answer: 3086.0


the analysis of our depreciation studies .

changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .

under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .

the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .

the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .

because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .

in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .

any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .

for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .

a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .

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 replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .

costs that are directly attributable to capital projects ( including overhead costs ) 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 .

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 .

these costs are allocated using appropriate statistical bases .

total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 .

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 .

Question: what is the net change?

Answer: 217.0


the analysis of our depreciation studies .

changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively .

under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized .

the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies .

the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes .

because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate .

in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies .

any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets .

for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies .

a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations .

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 replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects .

costs that are directly attributable to capital projects ( including overhead costs ) 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 .

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 .

these costs are allocated using appropriate statistical bases .

total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 .

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 .

Question: what about percentage change?

Answer: 0.07032


during 2015 , $ 82 million of provision recapture was recorded for purchased impaired loans compared to $ 91 million of provision recapture during 2014 .

charge-offs ( which were specifically for commercial loans greater than a defined threshold ) during 2015 were $ 12 million compared to $ 42 million during 2014 .

at december 31 , 2015 and december 31 , 2014 , the alll on total purchased impaired loans was $ .3 billion and $ .9 billion , respectively .

the decline in alll was primarily due to the change in our derecognition policy .

for purchased impaired loan pools where an allowance has been recognized , subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded alll to the extent applicable , and/or a reclassification from non-accretable difference to accretable yield , which will be recognized prospectively .

individual loan transactions where final dispositions have occurred ( as noted above ) result in removal of the loans from their applicable pools for cash flow estimation purposes .

the cash flow re- estimation process is completed quarterly to evaluate the appropriateness of the alll associated with the purchased impaired loans .

activity for the accretable yield during 2015 and 2014 follows : table 66 : purchased impaired loans 2013 accretable yield .

note 5 allowances for loan and lease losses and unfunded loan commitments and letters of credit allowance for loan and lease losses we maintain the alll at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date .

we use the two main portfolio segments 2013 commercial lending and consumer lending 2013 and develop and document the alll under separate methodologies for each of these segments as discussed in note 1 accounting policies .

a rollforward of the alll and associated loan data follows .

the pnc financial services group , inc .

1	in millions	2015	2014

2	january 1	$ 1558	$ 2055

3	accretion ( including excess cash recoveries )	-466 ( 466 )	-587 ( 587 )

4	net reclassifications to accretable from non-accretable	226	208

5	disposals	-68 ( 68 )	-118 ( 118 )

6	december 31	$ 1250	$ 1558

Question: what was the net change on all total purchased impaired loans between 12/31/15 and 12/31/14?

Answer: -0.6


what was the net change on all total purchased impaired loans between 12/31/15 and 12/31/14?

Question: what was the total provision recapture for purchased impaired loans between 2014 and 2015?

Answer: 173.0


what was the total provision recapture for purchased impaired loans between 2014 and 2015?

Question: so what was the average during this time?

Answer: 86.5


the hartford financial services group , inc .

notes to consolidated financial statements ( continued ) 7 .

deferred policy acquisition costs and present value of future profits ( continued ) results changes in the dac balance are as follows: .

[1] the most significant contributors to the unlock charge recorded during the year ended december 31 , 2011 were assumption changes which reduced expected future gross profits including additional costs associated with implementing the japan hedging strategy and the u.s .

variable annuity macro hedge program , as well as actual separate account returns below our aggregated estimated return .

the most significant contributors to the unlock benefit recorded during the year ended december 31 , 2010 were actual separate account returns being above our aggregated estimated return .

also included in the benefit are assumption updates related to benefits from withdrawals and lapses , offset by hedging , annuitization estimates on japan products , and long-term expected rate of return updates .

the most significant contributors to the unlock charge recorded during the year ended december 31 , 2009 were the results of actual separate account returns being significantly below our aggregated estimated return for the first quarter of 2009 , partially offset by actual returns being greater than our aggregated estimated return for the period from april 1 , 2009 to december 31 , 2009 .

[2] the most significant contributor to the adjustments was the effect of declining interest rates , resulting in unrealized gains on securities classified in aoci .

other includes a $ 34 decrease as a result of the disposition of dac from the sale of the hartford investment canadian canada in 2010 .

[3] for the year ended december 31 , 2010 the effect of adopting new accounting guidance for embedded credit derivatives resulted in a decrease to retained earnings and , as a result , a dac benefit .

in addition , an offsetting amount was recorded in unrealized losses as unrealized losses decreased upon adoption of the new accounting guidance .

for the year ended december 31 , 2009 the effect of adopting new accounting guidance for investments other- than- temporarily impaired resulted in an increase to retained earnings and , as a result , a dac charge .

in addition , an offsetting amount was recorded in unrealized losses as unrealized losses increased upon adoption of the new accounting guidance .

as of december 31 , 2011 , estimated future net amortization expense of present value of future profits for the succeeding five years is $ 39 , $ 58 , $ 24 , $ 23 and $ 22 in 2012 , 2013 , 2014 , 2015 and 2016 , respectively. .

1		2011	2010	2009

2	balance january 1	$ 9857	$ 10686	$ 13248

3	deferred costs	2608	2648	2853

4	amortization 2014 dac	-2920 ( 2920 )	-2665 ( 2665 )	-3247 ( 3247 )

5	amortization 2014 dac from discontinued operations	2014	-17 ( 17 )	-10 ( 10 )

6	amortization 2014 unlock benefit ( charge ) pre-tax [1]	-507 ( 507 )	138	-1010 ( 1010 )

7	adjustments to unrealized gains and losses on securities available-for-sale and other [2]	-377 ( 377 )	-1159 ( 1159 )	-1031 ( 1031 )

8	effect of currency translation	83	215	-39 ( 39 )

9	cumulative effect of accounting change pre-tax [3]	2014	11	-78 ( 78 )

10	balance december 31	$ 8744	$ 9857	$ 10686

Question: what is the net change in estimated future net amortization expense of present value of future profits from 2013 to 2014?

Answer: -34.0


what is the net change in estimated future net amortization expense of present value of future profits from 2013 to 2014?

Question: what percentage change does this represent?

Answer: -0.58621


rights each holder of a share of outstanding common stock also holds one share purchase right ( a "right" ) for each share of common stock .

each right entitles the holder to purchase from the company one half of one-hundredth of a share of series a junior participating preferred stock , $ 0.01 par value ( the "junior preferred shares" ) , of the company at a price of $ 135 per one half of one-hundredth of a junior preferred share ( the "purchase price" ) .

the rights are not exercisable until the earlier of acquisition by a person or group of 15% ( 15 % ) or more of the outstanding common stock ( an "acquiring person" ) or the announcement of an intention to make or commencement of a tender offer or exchange offer , the consummation of which would result in the beneficial ownership by a person or group of 15% ( 15 % ) or more of the outstanding common stock .

in the event that any person or group becomes an acquiring person , each holder of a right other than the acquiring person will thereafter have the right to receive upon exercise that number of shares of common stock having a market value of two times the purchase price and , in the event that the company is acquired in a business combination transaction or 50% ( 50 % ) or more of its assets are sold , each holder of a right will thereafter have the right to receive upon exercise that number of shares of common stock of the acquiring company which at the time of the transaction will have a market value of two times the purchase price .

under certain specified circumstances , the board of directors of the company may cause the rights ( other than rights owned by such person or group ) to be exchanged , in whole or in part , for common stock or junior preferred shares , at an exchange rate of one share of common stock per right or one half of one-hundredth of a junior preferred share per right .

at any time prior to the acquisition by a person or group of beneficial ownership of 15% ( 15 % ) or more of the outstanding common stock , the board of directors of the company may redeem the rights in whole at a price of $ 0.01 per right .

common stock reserved for future issuance at december 31 , 2003 , the company has reserved shares of common stock for future issuance under all equity compensation plans as follows ( shares in thousands ) : p .

significant revenue arrangements the company has formed strategic collaborations with major pharmaceutical companies in the areas of drug discovery , development , and commercialization .

research and development agreements provide the company with financial support and other valuable resources for research programs and development of clinical drug candidates , product development and marketing and sales of products .

collaborative research and development agreements in the company's collaborative research , development and commercialization programs the company seeks to discover , develop and commercialize major pharmaceutical products in conjunction with and supported by the company's collaborators .

collaborative research and development arrangements provide research funding over an initial contract period with renewal and termination options that vary by agreement .

the agreements also include milestone payments based on the achievement or the occurrence of a designated event .

the agreements may also contain development reimbursement provisions , royalty rights or profit sharing rights and manufacturing options .

the company has entered into significant research and development collaborations with large pharmaceutical companies .

significant revenue arrangements novartis in may 2000 , the company and novartis pharma ag ( "novartis" ) entered into an agreement to collaborate on the discovery , development and commercialization of small molecule drugs directed at targets in the kinase protein family .

under the agreement , novartis agreed to pay the company an up-front payment of $ 15000000 made upon signing of the agreement , up to $ 200000000 in product research funding over six .

1	common stock under stock and option plans	21829

2	common stock under the vertex purchase plan	249

3	common stock under the vertex 401 ( k ) plan	125

4	total	22203

Question: what was the difference common stock under stock and option plans and the total number?

Answer: 374.0


what was the difference common stock under stock and option plans and the total number?

Question: so what was the percentage change?

Answer: 0.01713


market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities .

the company 2019s common stock is listed on the new york stock exchange .

prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) .

as a result of the reverse stock split , every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share .

the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares .

the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 .

on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation .

the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders .

the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date .

the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation .

see disposition of retained shares in note c to the consolidated financial statements in part ii item 8 of this form 10-k .

the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 .

the prices listed below for those dates prior to november 1 , 2016 reflect stock trading prices of alcoa inc .

prior to the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to the company 2019s post-separation prices. .

the number of holders of record of common stock was approximately 12271 as of february 16 , 2018. .

Question: what is the highest stock price in the second quarter of 2017?

Answer: 28.65


what is the highest stock price in the second quarter of 2017?

Question: what about the lowest stock price?

Answer: 21.76


Question: what is the sum of these two?

Answer: 50.41


Question: what about the average?

Answer: 25.205


entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .

( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .

( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .

the contracts include a one-time fee for generation prior to april 7 , 1983 .

entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .

( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations .

( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year .

fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .

the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .

in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .

entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .

in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .

this liability was recorded upon the purchase of indian point 2 in september 2001 .

as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .

with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement .

under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .

entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 .

entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .

entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 .

capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .

Question: what was the amount of long-term debt maturities in 2018?

Answer: 822690.0


what was the amount of long-term debt maturities in 2018?

Question: and in 2019?

Answer: 768588.0


Question: so what was the difference between these two years?

Answer: 54102.0


so what was the difference between these two years?

Question: and the value for 2019 specifically?

Answer: 768588.0


Question: and the percentage change during this time?

Answer: 0.07039


use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period .

actual results could differ from those estimates .

( 3 ) significant acquisitions and dispositions acquisitions we acquired total income producing real estate related assets of $ 219.9 million , $ 948.4 million and $ 295.6 million in 2007 , 2006 and 2005 , respectively .

in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings , in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .

the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .

of the total purchase price , $ 66.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 3.3 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .

this allocation of purchase price based on the fair value of assets acquired is preliminary .

the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .

in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm .

the primary reason for the acquisition was to expand our development capabilities within the health care real estate market .

the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over the next three years .

approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce .

the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements .

in february 2006 , we acquired the majority of a washington , d.c .

metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) .

the assets acquired for a purchase price of approximately $ 867.6 million are comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company .

the acquisition was financed primarily through assumed mortgage loans and new borrowings .

the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : .

purchase price , net of assumed liabilities $ 713202 .

1	operating rental properties	$ 602011

2	land held for development	154300

3	total real estate investments	756311

4	other assets	10478

5	lease related intangible assets	86047

6	goodwill	14722

7	total assets acquired	867558

8	debt assumed	-148527 ( 148527 )

9	other liabilities assumed	-5829 ( 5829 )

10	purchase price net of assumed liabilities	$ 713202

Question: what was the value of liabilities assumed?

Answer: 5829.0


use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period .

actual results could differ from those estimates .

( 3 ) significant acquisitions and dispositions acquisitions we acquired total income producing real estate related assets of $ 219.9 million , $ 948.4 million and $ 295.6 million in 2007 , 2006 and 2005 , respectively .

in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings , in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .

the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .

of the total purchase price , $ 66.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 3.3 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .

this allocation of purchase price based on the fair value of assets acquired is preliminary .

the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .

in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm .

the primary reason for the acquisition was to expand our development capabilities within the health care real estate market .

the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over the next three years .

approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce .

the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements .

in february 2006 , we acquired the majority of a washington , d.c .

metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) .

the assets acquired for a purchase price of approximately $ 867.6 million are comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company .

the acquisition was financed primarily through assumed mortgage loans and new borrowings .

the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : .

what was the value of liabilities assumed?

Question: what is the positive value of debt assumed?

Answer: 148527.0


use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period .

actual results could differ from those estimates .

( 3 ) significant acquisitions and dispositions acquisitions we acquired total income producing real estate related assets of $ 219.9 million , $ 948.4 million and $ 295.6 million in 2007 , 2006 and 2005 , respectively .

in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings , in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .

the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .

of the total purchase price , $ 66.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 3.3 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .

this allocation of purchase price based on the fair value of assets acquired is preliminary .

the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .

in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm .

the primary reason for the acquisition was to expand our development capabilities within the health care real estate market .

the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over the next three years .

approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce .

the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements .

in february 2006 , we acquired the majority of a washington , d.c .

metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) .

the assets acquired for a purchase price of approximately $ 867.6 million are comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company .

the acquisition was financed primarily through assumed mortgage loans and new borrowings .

the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : .

what is the positive value of debt assumed?

Question: what is the sum?

Answer: 154356.0


use of estimates the preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period .

actual results could differ from those estimates .

( 3 ) significant acquisitions and dispositions acquisitions we acquired total income producing real estate related assets of $ 219.9 million , $ 948.4 million and $ 295.6 million in 2007 , 2006 and 2005 , respectively .

in december 2007 , in order to further establish our property positions around strategic port locations , we purchased a portfolio of five industrial buildings , in seattle , virginia and houston , as well as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston .

the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million .

of the total purchase price , $ 66.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 3.3 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities .

this allocation of purchase price based on the fair value of assets acquired is preliminary .

the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements .

in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm .

the primary reason for the acquisition was to expand our development capabilities within the health care real estate market .

the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over the next three years .

approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce .

the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements .

in february 2006 , we acquired the majority of a washington , d.c .

metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) .

the assets acquired for a purchase price of approximately $ 867.6 million are comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company .

the acquisition was financed primarily through assumed mortgage loans and new borrowings .

the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : .

Question: what is the sum over the value of total assets acquired?

Answer: 0.17792


in 2006 , our board of directors approved a projected $ 3.2 billion expansion of our garyville , louisiana refinery by 180 mbpd to 425 mbpd , which will increase our total refining capacity to 1.154 million barrels per day ( 2018 2018mmbpd 2019 2019 ) .

we recently received air permit approval from the louisiana department of environmental quality for this project and construction is expected to begin in mid-2007 , with startup planned for the fourth quarter of 2009 .

we have also commenced front-end engineering and design ( 2018 2018feed 2019 2019 ) for a potential heavy oil upgrading project at our detroit refinery , which would allow us to process increased volumes of canadian oil sands production , and are undertaking a feasibility study for a similar upgrading project at our catlettsburg refinery .

marketing we are a supplier of gasoline and distillates to resellers and consumers within our market area in the midwest , the upper great plains and southeastern united states .

in 2006 , our refined product sales volumes ( excluding matching buy/sell transactions ) totaled 21.5 billion gallons , or 1.401 mmbpd .

the average sales price of our refined products in aggregate was $ 77.76 per barrel for 2006 .

the following table sets forth our refined product sales by product group and our average sales price for each of the last three years .

refined product sales ( thousands of barrels per day ) 2006 2005 2004 .

( a ) includes matching buy/sell volumes of 24 mbpd , 77 mbpd and 71 mbpd in 2006 , 2005 and 2004 .

on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .

this change resulted in lower refined product sales volumes for the remainder of 2006 than would have been reported under the previous accounting practices .

see note 2 to the consolidated financial statements .

the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 71 percent of our refined product sales volumes in 2006 .

we sold 52 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis .

half of our propane is sold into the home heating market , with the balance being purchased by industrial consumers .

propylene , cumene , aromatics , aliphatics , and sulfur are domestically marketed to customers in the chemical industry .

base lube oils , maleic anhydride , slack wax , extract and pitch are sold throughout the united states and canada , with pitch products also being exported worldwide .

we market asphalt through owned and leased terminals throughout the midwest , the upper great plains and southeastern united states .

our customer base includes approximately 800 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers .

we blended 35 mbpd of ethanol into gasoline in 2006 .

in 2005 and 2004 , we blended 35 mbpd and 30 mbpd of ethanol .

the expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations .

we sell reformulated gasoline in parts of our marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin , and we sell low-vapor-pressure gasoline in nine states .

as of december 31 , 2006 , we supplied petroleum products to about 4200 marathon branded retail outlets located primarily in ohio , michigan , indiana , kentucky and illinois .

branded retail outlets are also located in florida , georgia , minnesota , wisconsin , west virginia , tennessee , virginia , north carolina , pennsylvania , alabama and south carolina .

sales to marathon brand jobbers and dealers accounted for 14 percent of our refined product sales volumes in 2006 .

ssa sells gasoline and diesel fuel through company-operated retail outlets .

sales of refined products through these ssa retail outlets accounted for 15 percent of our refined product sales volumes in 2006 .

as of december 31 , 2006 , ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica . 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.7 billion in 2006 , compared with $ 2.5 billion in 2005 .

1	( thousands of barrels per day )	2006	2005	2004

2	gasoline	804	836	807

3	distillates	375	385	373

4	propane	23	22	22

5	feedstocks and special products	106	96	92

6	heavy fuel oil	26	29	27

7	asphalt	91	87	79

8	total ( a )	1425	1455	1400

9	average sales price ( $ per barrel )	$ 77.76	$ 66.42	$ 49.53

Question: what is the buy/sell volume in 2006?

Answer: 24.0


( a ) includes matching buy/sell volumes of 24 mbpd , 77 mbpd and 71 mbpd in 2006 , 2005 and 2004 .

on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .

this change resulted in lower refined product sales volumes for the remainder of 2006 than would have been reported under the previous accounting practices .

see note 2 to the consolidated financial statements .

the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers and sales in the spot market accounted for 71 percent of our refined product sales volumes in 2006 .

we sold 52 percent of our gasoline volumes and 89 percent of our distillates volumes on a wholesale or spot market basis .

half of our propane is sold into the home heating market , with the balance being purchased by industrial consumers .

propylene , cumene , aromatics , aliphatics , and sulfur are domestically marketed to customers in the chemical industry .

base lube oils , maleic anhydride , slack wax , extract and pitch are sold throughout the united states and canada , with pitch products also being exported worldwide .

we market asphalt through owned and leased terminals throughout the midwest , the upper great plains and southeastern united states .

our customer base includes approximately 800 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers .

we blended 35 mbpd of ethanol into gasoline in 2006 .

in 2005 and 2004 , we blended 35 mbpd and 30 mbpd of ethanol .

the expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and changes in government regulations .

we sell reformulated gasoline in parts of our marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin , and we sell low-vapor-pressure gasoline in nine states .

as of december 31 , 2006 , we supplied petroleum products to about 4200 marathon branded retail outlets located primarily in ohio , michigan , indiana , kentucky and illinois .

branded retail outlets are also located in florida , georgia , minnesota , wisconsin , west virginia , tennessee , virginia , north carolina , pennsylvania , alabama and south carolina .

sales to marathon brand jobbers and dealers accounted for 14 percent of our refined product sales volumes in 2006 .

ssa sells gasoline and diesel fuel through company-operated retail outlets .

sales of refined products through these ssa retail outlets accounted for 15 percent of our refined product sales volumes in 2006 .

as of december 31 , 2006 , ssa had 1636 retail outlets in nine states that sold petroleum products and convenience store merchandise and services , primarily under the brand names 2018 2018speedway 2019 2019 and 2018 2018superamerica . 2019 2019 ssa 2019s revenues from the sale of non-petroleum merchandise totaled $ 2.7 billion in 2006 , compared with $ 2.5 billion in 2005 .

Question: what is the value in 2005?

Answer: 77.0