the company had net realized capital losses for 2015 of $ 184.1 million .

in 2015 , the company recorded $ 102.2 million of other-than-temporary impairments on fixed maturity securities , $ 45.6 million of losses due to fair value re-measurements and $ 36.3 million of net realized capital losses from sales of fixed maturity and equity securities .

in 2014 , net realized capital gains were $ 84.0 million due to $ 121.7 million of gains from fair value re-measurements on fixed maturity and equity securities and $ 1.9 million of net realized capital gains from sales of fixed maturity and equity securities , partially offset by $ 39.5 million of other-than- temporary impairments on fixed maturity securities .

in 2013 , net realized capital gains were $ 300.2 million due to $ 258.9 million of gains due to fair value re-measurements on fixed maturity and equity securities and $ 42.4 million of net realized capital gains from sales of fixed maturity and equity securities , partially offset by $ 1.1 million of other-than-temporary impairments on fixed maturity securities .

the company 2019s cash and invested assets totaled $ 17.7 billion at december 31 , 2015 , which consisted of 87.4% ( 87.4 % ) fixed maturities and cash , of which 91.4% ( 91.4 % ) were investment grade ; 8.2% ( 8.2 % ) equity securities and 4.4% ( 4.4 % ) other invested assets .

the average maturity of fixed maturity securities was 4.1 years at december 31 , 2015 , and their overall duration was 3.0 years .

as of december 31 , 2015 , the company did not have any direct investments in commercial real estate or direct commercial mortgages or any material holdings of derivative investments ( other than equity index put option contracts as discussed in item 8 , 201cfinancial statements and supplementary data 201d - note 4 of notes to consolidated financial statements ) or securities of issuers that are experiencing cash flow difficulty to an extent that the company 2019s management believes could threaten the issuer 2019s ability to meet debt service payments , except where other-than-temporary impairments have been recognized .

the company 2019s investment portfolio includes structured commercial mortgage-backed securities ( 201ccmbs 201d ) with a book value of $ 264.9 million and a market value of $ 266.3 million .

cmbs securities comprising more than 70% ( 70 % ) of the december 31 , 2015 market value are rated aaa by standard & poor 2019s financial services llc ( 201cstandard & poor 2019s 201d ) .

furthermore , securities comprising more than 90% ( 90 % ) of the market value are rated investment grade by standard & poor 2019s .

the following table reflects investment results for the company for the periods indicated: .

pre-tax pre-tax pre-tax pre-tax realized net unrealized net average investment effective capital ( losses ) capital gains ( dollars in millions ) investments ( 1 ) income ( 2 ) yield gains ( 3 ) ( losses ) 17430.8$ 473.8$ 2.72% ( 2.72 % ) ( 184.1 ) $ ( 194.0 ) $ 16831.9 530.6 3.15% ( 3.15 % ) 84.0 20.3 16472.5 548.5 3.33% ( 3.33 % ) 300.2 ( 467.2 ) 16220.9 600.2 3.70% ( 3.70 % ) 164.4 161.0 15680.9 620.0 3.95% ( 3.95 % ) 6.9 106.6 ( 1 ) average of the beginning and ending carrying values of investments and cash , less net funds held , future policy benefit reserve , and non-interest bearing cash .

bonds , common stock and redeemable and non-redeemable preferred stocks are carried at market value .

common stock which are actively managed are carried at fair value .

( 2 ) after investment expenses , excluding realized net capital gains ( losses ) .

( 3 ) included in 2015 , 2014 , 2013 , 2012 and 2011 are fair value re-measurements of ( $ 45.6 ) million , $ 121.7 million , $ 258.9 million , $ 118.1 million and ( $ 4.4 ) million , respectively. .

Question: at december 31 , what was the percentage change in investment income from 2011 to 2012

Answer: -0.03194


note 17 financial derivatives we use derivative financial instruments ( derivatives ) primarily to help manage exposure to interest rate , market and credit risk and reduce the effects that changes in interest rates may have on net income , fair value of assets and liabilities , and cash flows .

we also enter into derivatives with customers to facilitate their risk management activities .

derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract .

derivative transactions are often measured in terms of notional amount , but this amount is generally not exchanged and it is not recorded on the balance sheet .

the notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract .

the underlying is a referenced interest rate ( commonly libor ) , security price , credit spread or other index .

residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments .

the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 127 : total gross derivatives .

( a ) included in other assets on our consolidated balance sheet .

( b ) included in other liabilities on our consolidated balance sheet .

all derivatives are carried on our consolidated balance sheet at fair value .

derivative balances are presented on the consolidated balance sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and any related cash collateral exchanged with counterparties .

further discussion regarding the rights of setoff associated with these legally enforceable master netting agreements is included in the offsetting , counterparty credit risk , and contingent features section below .

our exposure related to risk participations where we sold protection is discussed in the credit derivatives section below .

any nonperformance risk , including credit risk , is included in the determination of the estimated net fair value of the derivatives .

further discussion on how derivatives are accounted for is included in note 1 accounting policies .

derivatives designated as hedging instruments under gaap certain derivatives used to manage interest rate risk as part of our asset and liability risk management activities are designated as accounting hedges under gaap .

derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges , derivatives hedging the variability of expected future cash flows are considered cash flow hedges , and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges .

designating derivatives as accounting hedges allows for gains and losses on those derivatives , to the extent effective , to be recognized in the income statement in the same period the hedged items affect earnings .

the pnc financial services group , inc .

1	in millions	december 31 2013 notional/contractamount	december 31 2013 assetfairvalue ( a )	december 31 2013 liabilityfairvalue ( b )	december 31 2013 notional/contractamount	december 31 2013 assetfairvalue ( a )	liabilityfairvalue ( b )

2	derivatives designated as hedging instruments under gaap	$ 36197	$ 1189	$ 364	$ 29270	$ 1872	$ 152

3	derivatives not designated as hedging instruments under gaap	345059	3604	3570	337086	6696	6458

4	total gross derivatives	$ 381256	$ 4793	$ 3934	$ 366356	$ 8568	$ 6610

Question: at the end of 2014 , the notional value of derivatives designated as hedging instruments under gaap was what percent of the fair value?

Answer: 30.44323


approximately 26% ( 26 % ) of 2017 net sales were to international markets .

this segment sells directly through its own sales force and indirectly through independent manufacturers 2019 representatives , primarily to wholesalers , home centers , mass merchandisers and industrial distributors .

in aggregate , sales to the home depot and lowe 2019s comprised approximately 23% ( 23 % ) of net sales of the plumbing segment in 2017 .

this segment 2019s chief competitors include delta ( owned by masco ) , kohler , pfister ( owned by spectrum brands ) , american standard ( owned by lixil group ) , insinkerator ( owned by emerson electronic company ) and imported private-label brands .

our doors segment manufactures and sells fiberglass and steel entry door systems under the therma-tru brand and urethane millwork product lines under the fypon brand .

this segment benefits from the long-term trend away from traditional materials , such as wood , steel and aluminum , toward more energy-efficient and durable synthetic materials .

therma-tru products include fiberglass and steel residential entry door and patio door systems , primarily for sale in the u.s .

this segment 2019s principal customers are home centers , millwork building products and wholesale distributors , and specialty dealers that provide products to the residential new construction market , as well as to the remodeling and renovation markets .

in aggregate , sales to the home depot and lowe 2019s comprised approximately 14% ( 14 % ) of net sales of the doors segment in 2017 .

this segment 2019s competitors include masonite , jeld-wen , plastpro and pella .

our security segment 2019s products consist of locks , safety and security devices , and electronic security products manufactured , sourced and distributed primarily under the master lock brand and fire resistant safes , security containers and commercial cabinets manufactured , sourced and distributed under the sentrysafe brand .

this segment sells products principally in the u.s. , canada , europe , central america , japan and australia .

approximately 25% ( 25 % ) of 2017 net sales were to international markets .

this segment manufactures and sells key-controlled and combination padlocks , bicycle and cable locks , built-in locker locks , door hardware , automotive , trailer and towing locks , electronic access control solutions , and other specialty safety and security devices for consumer use to hardware , home center and other retail outlets .

in addition , the segment sells lock systems and fire resistant safes to locksmiths , industrial and institutional users , and original equipment manufacturers .

in aggregate , sales to the home depot and lowe 2019s comprised approximately 18% ( 18 % ) of the net sales of the security segment in 2017 .

brady , hampton , kwikset ( owned by spectrum brands ) , schlage ( owned by allegion ) , assa abloy and various imports , and sentrysafe competes with first alert , magnum , fortress , stack-on and fire king .

annual net sales for each of the last three fiscal years for each of our business segments were as follows : ( in millions ) 2017 2016 2015 .

for additional financial information for each of our business segments , refer to note 18 , 201cinformation on business segments , 201d to the consolidated financial statements in item 8 of this annual report on form other information raw materials .

the table below indicates the principal raw materials used by each of our segments .

these materials are available from a number of sources .

volatility in the prices of commodities and energy used in making and distributing our products impacts the cost of manufacturing our products. .

Question: what was the percentage growth in sales of cabinets from 2016 to 2017

Answer: 0.0289


and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 27.4 million primarily due to higher nuclear refueling outage expenses , higher depreciation and amortization expenses , higher taxes other than income taxes , and higher interest expense , partially offset by higher other income .

2016 compared to 2015 net income increased $ 92.9 million primarily due to higher net revenue and lower other operation and maintenance expenses , partially offset by a higher effective income tax rate and higher depreciation and amortization expenses .

net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . a0 a0following is an analysis of the change in net revenue comparing 2017 to 2016 .

the retail electric price variance is primarily due to the implementation of formula rate plan rates effective with the first billing cycle of january 2017 and an increase in base rates effective february 24 , 2016 , each as approved by the apsc .

a significant portion of the base rate increase was related to the purchase of power block 2 of the union power station in march 2016 .

the increase was partially offset by decreases in the energy efficiency rider , as approved by the apsc , effective april 2016 and january 2017 .

see note 2 to the financial statements for further discussion of the rate case and formula rate plan filings .

see note 14 to the financial statements for further discussion of the union power station purchase .

the opportunity sales variance results from the estimated net revenue effect of the 2017 and 2016 ferc orders in the opportunity sales proceeding attributable to wholesale customers .

see note 2 to the financial statements for further discussion of the opportunity sales proceeding. .

1		amount ( in millions )

2	2016 net revenue	$ 1520.5

3	retail electric price	33.8

4	opportunity sales	5.6

5	asset retirement obligation	-14.8 ( 14.8 )

6	volume/weather	-29.0 ( 29.0 )

7	other	6.5

8	2017 net revenue	$ 1522.6

Question: what was the average net revenue between 2016 and 2017 in millions

Answer: 1521.55


stockholder return performance graphs 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 and the s&p 400 information technology index .

the graph assumes that the value of the investment in our common stock and in each index ( including reinvestment of dividends ) was $ 100 on december 29 , 2007 and tracks it through december 29 , 2012 .

comparison of 5 year cumulative total return* among cadence design systems , inc. , the nasdaq composite index , and s&p 400 information technology cadence design systems , inc .

nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$ 100 invested on 12/29/07 in stock or 12/31/07 in index , including reinvestment of dividends .

copyright a9 2013 s&p , a division of the mcgraw-hill companies inc .

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

Question: what was the percentage cumulative 5-year total stockholder return for cadence design systems inc . for the five years ended 12/29/2012?

Answer: -0.2108


Question: what was the difference in percentage cumulative 5-year total stockholder return for cadence design systems inc . compared to the nasdaq composite for the five years ended 12/29/2012?

Answer: -31.86


transaction and commercial issues in many of our businesses .

these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions .

the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows ; however , there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond .

asset sales during 2003 , we continued the initiative to sell all or part of certain of the company 2019s subsidiaries .

this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity .

the following chart details the asset sales that were closed during 2003 .

sales proceeds project name date completed ( in millions ) location .

the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future .

however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet .

for any sales that happen in the future , there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries .

depending on which businesses are eventually sold , the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations .

furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve .

subsidiary restructuring during 2003 , we completed and initiated restructuring transactions for several of our south american businesses .

the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities .

businesses impacted include eletropaulo , tiete , uruguaiana and sul in brazil and gener in chile .

aes has owned an interest in eletropaulo since april 1998 , when the company was privatized .

in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it .

aes financed a significant portion of the acquisition of eletropaulo , including both common and preferred shares , through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 ( 2018 2018bndes 2019 2019 ) , and its wholly-owned subsidiary , bndes participac 0327o 0303es s.a .

( 2018 2018bndespar 2019 2019 ) , to aes 2019s subsidiaries , aes elpa s.a .

( 2018 2018aes elpa 2019 2019 ) and aes transgas empreendimentos , s.a .

1	project name	date completed	sales proceeds ( in millions )	location

2	cilcorp/medina valley	january 2003	$ 495	united states

3	aes ecogen/aes mt . stuart	january 2003	$ 59	australia

4	mountainview	march 2003	$ 30	united states

5	kelvin	march 2003	$ 29	south africa

6	songas	april 2003	$ 94	tanzania

7	aes barry limited	july 2003	a340/$ 62	united kingdom

8	aes haripur private ltd/aes meghnaghat ltd	december 2003	$ 145	bangladesh

9	aes mtkvari/aes khrami/aes telasi	august 2003	$ 23	republic of georgia

10	medway power limited/aes medway operations limited	november 2003	a347/$ 78	united kingdom

11	aes oasis limited	december 2003	$ 150	pakistan/oman

Question: for the three months ended december 2003 what were the total sales proceeds for subsidiaries assets in millions?

Answer: 396.0


shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates it by reference into such filing .

the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .

the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .

securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2006 regarding compensation plans under which our class a common stock is authorized for issuance .

these plans do not authorize the issuance of our class b common stock. .

Question: for the five years ended 12/31/2006 what is the performance difference of the class b common stock of united parcel service , inc . and the s&p 500 index?

Answer: 13.9


notes to consolidated financial statements note 12 .

other assets other assets are generally less liquid , non-financial assets .

the table below presents other assets by type. .

net of accumulated depreciation and amortization of $ 9.05 billion and $ 8.46 billion as of december 2012 and december 2011 , respectively .

includes $ 149 million of intangible assets classified as held for sale .

see note 13 for further information about goodwill and identifiable intangible assets .

see note 24 for further information about income taxes .

excludes investments accounted for at fair value under the fair value option where the firm would otherwise apply the equity method of accounting of $ 5.54 billion and $ 4.17 billion as of december 2012 and december 2011 , respectively , which are included in 201cfinancial instruments owned , at fair value . 201d the firm has generally elected the fair value option for such investments acquired after the fair value option became available .

includes $ 16.77 billion of assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012 .

assets held for sale in the fourth quarter of 2012 , the firm classified its reinsurance business within its institutional client services segment as held for sale .

assets related to this business of $ 16.92 billion , consisting primarily of available-for-sale securities and separate account assets at fair value , are included in 201cother assets . 201d liabilities related to the business of $ 14.62 billion are included in 201cother liabilities and accrued expenses . 201d see note 8 for further information about insurance-related assets and liabilities held for sale at fair value .

the firm expects to complete the sale of a majority stake in its reinsurance business in 2013 and does not expect to recognize a material gain or loss upon the sale .

upon completion of the sale , the firm will no longer consolidate this business .

property , leasehold improvements and equipment property , leasehold improvements and equipment included $ 6.20 billion and $ 6.48 billion as of december 2012 and december 2011 , respectively , related to property , leasehold improvements and equipment that the firm uses in connection with its operations .

the remainder is held by investment entities , including vies , consolidated by the firm .

substantially all property and equipment are depreciated on a straight-line basis over the useful life of the asset .

leasehold improvements are amortized on a straight-line basis over the useful life of the improvement or the term of the lease , whichever is shorter .

certain costs of software developed or obtained for internal use are capitalized and amortized on a straight-line basis over the useful life of the software .

property , leasehold improvements and equipment are tested for impairment whenever events or changes in circumstances suggest that an asset 2019s or asset group 2019s carrying value may not be fully recoverable .

the firm 2019s policy for impairment testing of property , leasehold improvements and equipment is the same as is used for identifiable intangible assets with finite lives .

1	in millions	as of december 2012	as of december 2011

2	property leasehold improvements andequipment1	$ 8217	$ 8697

3	goodwill and identifiable intangibleassets2	5099	5468

4	income tax-related assets3	5620	5017

5	equity-method investments4	453	664

6	miscellaneous receivables and other5	20234	3306

7	total	$ 39623	$ 23152

Question: for miscellaneous receivables and other assets , what was the percentage that represented assets related to the firm 2019s reinsurance business which were classified as held for sale as of december 2012?

Answer: 3.464


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 is the growth rate in net revenue in 2016 for entergy texas , inc.?

Answer: 0.01099


annual report 2013 duke realty corporation 37 in addition to the capitalization of overhead costs discussed above , we also capitalized $ 16.8 million , $ 9.4 million and $ 4.3 million of interest costs in the years ended december 31 , 2013 , 2012 and 2011 , respectively .

the following table summarizes our second generation capital expenditures by reportable operating segment ( in thousands ) : .

both our first and second generation expenditures vary significantly between leases on a per square foot basis , dependent upon several factors including the product type , the nature of a tenant's operations , the specific physical characteristics of each individual property as well as the market in which the property is located .

second generation expenditures related to the 79 suburban office buildings that were sold in the blackstone office disposition totaled $ 26.2 million in 2011 .

dividends and distributions we are required to meet the distribution requirements of the internal revenue code of 1986 , as amended ( the "code" ) , in order to maintain our reit status .

we paid dividends of $ 0.68 per common share for each of the years ended december 31 , 2013 , 2012 and 2011 .

we expect to continue to distribute at least an amount equal to our taxable earnings , to meet the requirements to maintain our reit status , and additional amounts as determined by our board of directors .

distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant .

at december 31 , 2013 we had three series of preferred stock outstanding .

the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 6.625% ( 6.625 % ) and are paid quarterly in arrears .

in february 2013 , we redeemed all of our outstanding series o shares for a total payment of $ 178.0 million , thus reducing our future quarterly dividend commitments by $ 3.7 million .

in march 2012 , we redeemed all of our 6.950% ( 6.950 % ) series m cumulative redeemable preferred shares ( "series m shares" ) for a total payment of $ 168.3 million , thus reducing our future quarterly dividend commitments by $ 2.9 million .

in july 2011 , we redeemed all of our 7.25% ( 7.25 % ) series n cumulative redeemable preferred shares ( "series n shares" ) for a total payment of $ 108.6 million , thus reducing our future quarterly dividend commitments by $ 2.0 million .

debt maturities debt outstanding at december 31 , 2013 had a face value totaling $ 4.3 billion with a weighted average interest rate of 5.49% ( 5.49 % ) and with maturity dates ranging between 2014 and 2028 .

of this total amount , we had $ 3.1 billion of unsecured debt , $ 1.1 billion of secured debt and $ 88.0 million outstanding on the drlp unsecured line of credit at december 31 , 2013 .

we made scheduled and unscheduled principal payments of $ 1.0 billion on outstanding debt during the year ended december 31 , 2013. .

Question: in 2012 what was the percent of the total second generation capital expenditures by reportable operating segment that was office related

Answer: 0.47104


Question: what was the percent of the debt maturities outstanding at december 31 , 2013 that was unsecured debt

Answer: 0.72093


entergy corporation notes to consolidated financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , certain series of which are secured by non-interest bearing first mortgage bonds .

( b ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2005 and can then be remarketed .

( c ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2004 and can then be remarketed .

( d ) the bonds had a mandatory tender date of october 1 , 2003 .

entergy louisiana purchased the bonds from the holders , pursuant to the mandatory tender provision , and has not remarketed the bonds at this time .

entergy louisiana used a combination of cash on hand and short-term borrowing to buy-in the bonds .

( e ) on june 1 , 2002 , entergy louisiana remarketed $ 55 million st .

charles parish pollution control revenue refunding bonds due 2030 , resetting the interest rate to 4.9% ( 4.9 % ) through may 2005 .

( f ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on june 1 , 2005 and can then be remarketed .

( g ) pursuant to the nuclear waste policy act of 1982 , entergy's 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 ( h ) the fair value excludes lease obligations , long-term doe obligations , and other long-term debt and includes debt due within one year .

it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms .

the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2003 , for the next five years are as follows: .

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

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

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

in accordance with the purchase agreement with nypa , the purchase of indian point 2 resulted in entergy's non-utility nuclear business becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .

this liability was recorded upon the purchase of indian point 2 in september 2001 , and is included in the note payable to nypa balance above .

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

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

covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .

if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur. .

Question: what amount of long-term debt due in the next 24 months as of december 31 , 2003 , in millions?

Answer: 965.635


notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases .

the amount of such parent company guarantees was $ 255.7 and $ 327.1 as of december 31 , 2008 and 2007 , respectively .

in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .

as of december 31 , 2008 , there are no material assets pledged as security for such parent company guarantees .

contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity .

in addition , we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries .

the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity , the timing of the exercise of these rights , changes in foreign currency exchange rates and other factors .

we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable .

when the contingent acquisition obligations have been met and consideration is determinable and distributable , we record the fair value of this consideration as an additional cost of the acquired entity .

however , certain acquisitions contain deferred payments that are fixed and determinable on the acquisition date .

in such cases , we record a liability for the payment and record this consideration as an additional cost of the acquired entity on the acquisition date .

if deferred payments and purchases of additional interests after the effective date of purchase are contingent upon the future employment of the former owners then we recognize these payments as compensation expense .

compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses .

this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners .

the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid in the event of exercise at the earliest exercise date .

we have certain put options that are exercisable at the discretion of the minority owners as of december 31 , 2008 .

as such , these estimated acquisition payments of $ 5.5 have been included within the total payments expected to be made in 2009 in the table below and , if not made in 2009 , will continue to carry forward into 2010 or beyond until they are exercised or expire .

all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress .

as of december 31 , 2008 , our estimated future contingent acquisition obligations payable in cash are as follows: .

1 we have entered into certain acquisitions that contain both put and call options with similar terms and conditions .

in such instances , we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable .

as a result of revisions made during 2008 to eitf topic no .

d-98 , classification and measurement of redeemable securities ( 201ceitf d-98 201d ) .

Question: what is the percentage change in the amount of guarantees from parent company from 2007 to 2008?

Answer: -0.21828


notes to consolidated financial statements ( continued ) certain states and foreign jurisdictions to fully utilize available tax credits and other attributes .

the deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized .

income taxes on the earnings of foreign subsidiaries unless the subsidiaries 2019 earnings are considered permanently reinvested outside the united states or are exempted from taxation as a result of the new territorial tax system .

to the extent that the foreign earnings previously treated as permanently reinvested are repatriated , the related u.s .

tax liability may be reduced by any foreign income taxes paid on these earnings .

as of november 30 , 2018 , the cumulative amount of earnings upon which u.s .

income taxes have not been provided is approximately $ 275 million .

the unrecognized deferred tax liability for these earnings is approximately $ 57.8 million .

as of november 30 , 2018 , we have net operating loss carryforwards of approximately $ 881.1 million for federal and $ 349.7 million for state .

we also have federal , state and foreign tax credit carryforwards of approximately $ 8.8 million , $ 189.9 million and $ 14.9 million , respectively .

the net operating loss carryforward assets and tax credits will expire in various years from fiscal 2019 through 2036 .

the state tax credit carryforwards and a portion of the federal net operating loss carryforwards can be carried forward indefinitely .

the net operating loss carryforward assets and certain credits are reduced by the valuation allowance and are subject to an annual limitation under internal revenue code section 382 , the carrying amount of which are expected to be fully realized .

as of november 30 , 2018 , a valuation allowance of $ 174.5 million has been established for certain deferred tax assets related to certain state and foreign assets .

for fiscal 2018 , the total change in the valuation allowance was $ 80.9 million .

accounting for uncertainty in income taxes during fiscal 2018 and 2017 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .

the combined amount of accrued interest and penalties related to tax positions taken on our tax returns were approximately $ 24.6 million and $ 23.6 million for fiscal 2018 and 2017 , respectively .

these amounts were included in long-term income taxes payable in their respective years .

we file income tax returns in the united states on a federal basis and in many u.s .

we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .

our major tax jurisdictions are ireland , california and the united states .

for ireland , california and the united states , the earliest fiscal years open for examination are 2008 , 2014 and 2015 , respectively .

we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from these examinations .

we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .

the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .

these events could cause large fluctuations in the balance of short-term and long- term assets , liabilities and income taxes payable .

we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both .

given the uncertainties described above , we can only determine a range of estimated potential effect in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 45 million. .

1		2018	2017

2	beginning balance	$ 172945	$ 178413

3	gross increases in unrecognized tax benefits 2013 prior year tax positions	16191	3680

4	gross decreases in unrecognized tax benefits 2013 prior year tax positions	-4000 ( 4000 )	-30166 ( 30166 )

5	gross increases in unrecognized tax benefits 2013 current year tax positions	60721	24927

6	settlements with taxing authorities	2014	-3876 ( 3876 )

7	lapse of statute of limitations	-45922 ( 45922 )	-8819 ( 8819 )

8	foreign exchange gains and losses	-3783 ( 3783 )	8786

9	ending balance	$ 196152	$ 172945

Question: what is the percentage change in total gross amount of unrecognized tax benefits from 2016 to 2017?

Answer: -0.03065


the selection and disclosure of our critical accounting estimates have been discussed with our audit committee .

the following is a discussion of the more significant assumptions , estimates , accounting policies and methods used in the preparation of our consolidated financial statements : 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists , delivery of product has occurred , the sales price is fixed or determinable and collectability is reasonably assured .

for our company , this means that revenue is recognized when title and risk of loss is transferred to our customers .

title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction .

the company estimates the cost of sales returns based on historical experience , and these estimates are normally immaterial .

2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review .

we perform our annual impairment analysis in the first quarter of each year .

while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists , the company elects to perform the quantitative assessment for our annual impairment analysis .

the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value .

if the carrying value exceeds the fair value , goodwill or a non-amortizable intangible asset is considered impaired .

to determine the fair value of goodwill , we primarily use a discounted cash flow model , supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry .

at december 31 , 2015 , the carrying value of our goodwill was $ 7.4 billion , which is related to ten reporting units , each of which is comprised of a group of markets with similar economic characteristics .

the estimated fair value of our ten reporting units exceeded the carrying value as of december 31 , 2015 .

to determine the fair value of non-amortizable intangible assets , we primarily use a discounted cash flow model applying the relief-from-royalty method .

we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value , and any reasonable movement in the assumptions would not result in an impairment .

these discounted cash flow models include management assumptions relevant for forecasting operating cash flows , which are subject to changes in business conditions , such as volumes and prices , costs to produce , discount rates and estimated capital needs .

management considers historical experience and all available information at the time the fair values are estimated , and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use .

since the march 28 , 2008 , spin-off from altria , we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets .

2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising , marketing , consumer engagement and trade promotions .

the costs of our advertising and marketing programs are expensed in accordance with u.s .

recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program .

for volume-based incentives provided to customers , management continually assesses and estimates , by customer , the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made .

for other trade promotions , management relies on estimated utilization rates that have been developed from historical experience .

changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position , results of operations or operating cash flows .

we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years .

2022 employee benefit plans - as discussed in item 8 , note 13 .

benefit plans to our consolidated financial statements , we provide a range of benefits to our employees and retired employees , including pensions , postretirement health care and postemployment benefits ( primarily severance ) .

we record annual amounts relating to these plans based on calculations specified by u.s .

these calculations include various actuarial assumptions , such as discount rates , assumed rates of return on plan assets , compensation increases , mortality , turnover rates and health care cost trend rates .

we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so .

gaap , any effect of the modifications is generally amortized over future periods .

we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries .

weighted-average discount rate assumptions for pensions and postretirement plans are as follows: .

we anticipate that assumption changes , coupled with decreased amortization of deferred losses , will decrease 2016 pre-tax u.s .

pension and postretirement expense to approximately $ 209 million as compared with approximately $ 240 million in 2015 , excluding .

Question: what is the percentage change in the weighted-average discount rate for u.s . pension plans from 2014 to 2015?

Answer: 0.08861


we have adequate access to capital markets to meet any foreseeable cash requirements , and we have sufficient financial capacity to satisfy our current liabilities .

operating activities higher net income in 2014 increased cash provided by operating activities compared to 2013 , despite higher income tax payments .

2014 income tax payments were higher than 2013 primarily due to higher income , but also because we paid taxes previously deferred by bonus depreciation ( discussed below ) .

higher net income in 2013 increased cash provided by operating activities compared to 2012 .

in addition , we made payments in 2012 for past wages as a result of national labor negotiations , which reduced cash provided by operating activities in 2012 .

lower tax benefits from bonus depreciation ( as discussed below ) partially offset the increases .

federal tax law provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012-2013 .

as a result , the company deferred a substantial portion of its 2011-2013 income tax expense , contributing to the positive operating cash flow in those years .

congress extended 50% ( 50 % ) bonus depreciation for 2014 , but this extension occurred in december and did not have a significant benefit on our income tax payments during 2014 .

investing activities higher capital investments , including the early buyout of the long-term operating lease of our headquarters building for approximately $ 261 million , drove the increase in cash used in investing activities compared to 2013 .

significant investments also were made for new locomotives , freight cars and containers , and capacity and commercial facility projects .

capital investments in 2014 also included $ 99 million for the early buyout of locomotives and freight cars under long-term operating leases , which we exercised due to favorable economic terms and market conditions .

lower capital investments in locomotives and freight cars in 2013 drove the decrease in cash used in investing activities compared to 2012 .

included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions. .

1	cash flowsmillions	2014	2013	2012

2	cash provided by operating activities	$ 7385	$ 6823	$ 6161

3	cash used in investing activities	-4249 ( 4249 )	-3405 ( 3405 )	-3633 ( 3633 )

4	cash used in financing activities	-2982 ( 2982 )	-3049 ( 3049 )	-2682 ( 2682 )

5	net change in cash and cashequivalents	$ 154	$ 369	$ -154 ( 154 )

Question: what was the cost per car for the buyout of locomotives in 2012?

Answer: 454545.45455


notes to consolidated financial statements 2014 ( continued ) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan .

the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter .

for the years ended december 31 , 2017 , 2016 and 2015 , issuances under this plan totaled 113941 shares , 130085 shares and 141055 shares , respectively .

as of december 31 , 2017 , shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $ 1.8 million for the purchase of common stock .

stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2017 and 2016 follows ( in millions except per share amounts ) : .

as of december 31 , 2017 , there were 0.5 million repurchased shares pending settlement and $ 33.8 million was unpaid and included within other accrued liabilities .

in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 .

before this , $ 98.4 million remained under a prior authorization .

share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .

while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .

the share repurchase program may be extended , suspended or discontinued at any time .

as of december 31 , 2017 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.8 billion .

in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued .

in doing so , the number of our issued shares was reduced by the stated amount .

our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital .

the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital .

there was no effect on our total stockholders 2019 equity position as a result of the change .

dividends in october 2017 , our board of directors approved a quarterly dividend of $ 0.345 per share .

cash dividends declared were $ 446.3 million , $ 423.8 million and $ 404.3 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .

as of december 31 , 2017 , we recorded a quarterly dividend payable of $ 114.4 million to shareholders of record at the close of business on january 2 , 2018 .

earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc .

by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the .

1		2017	2016

2	number of shares repurchased	9.6	8.4

3	amount paid	$ 610.7	$ 403.8

4	weighted average cost per share	$ 63.84	$ 48.56

Question: as part of the employee stock purchase plan what was the percent of the decline in issuance under this plan from 2016 to 2017

Answer: -0.1241


included in the corporate and consumer loan tables above are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup .

in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield .

accordingly , these loans have been excluded from the impaired loan information presented above .

in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield .

however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield .

where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method .

the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .

the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2010 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .

( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 130 million of purchased loans accounted for under the level-yield method and $ 0 under the cost-recovery method .

these balances represent the fair value of these loans at their acquisition date .

the related total expected cash flows for the level-yield loans were $ 131 million at their acquisition dates .

( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 315 million of loans accounted for under the level-yield method and $ 154 million accounted for under the cost-recovery method. .

1	in millions of dollars	accretable yield	carrying amount of loan receivable	allowance

2	beginning balance	$ 27	$ 920	$ 95

3	purchases ( 1 )	1	130	2014

4	disposals/payments received	-11 ( 11 )	-594 ( 594 )	2014

5	accretion	-44 ( 44 )	44	2014

6	builds ( reductions ) to the allowance	128	2014	-18 ( 18 )

7	increase to expected cash flows	-2 ( 2 )	19	2014

8	fx/other	17	-50 ( 50 )	2014

9	balance at december 31 2010 ( 2 )	$ 116	$ 469	$ 77

Question: at december 31 , 2010 what was the percent of the net allowance to the the carrying amount of the company 2019s purchased distressed loan portfolio

Answer: 0.19643


Question: what is the percentage of allowance of the company's purchased distressed loan portfolio at december 31 , 2010?

Answer: 0.16418


page 19 of 94 responded to the request for information pursuant to section 104 ( e ) of cercla .

the usepa has initially estimated cleanup costs to be between $ 4 million and $ 5 million .

based on the information available to the company at the present time , the company does not believe that this matter will have a material adverse effect upon the liquidity , results of operations or financial condition of the company .

europe in january 2003 the german government passed legislation that imposed a mandatory deposit of 25 eurocents on all one-way packages containing beverages except milk , wine , fruit juices and certain alcoholic beverages .

ball packaging europe gmbh ( bpe ) , together with certain other plaintiffs , contested the enactment of the mandatory deposit for non-returnable containers based on the german packaging regulation ( verpackungsverordnung ) in federal and state administrative court .

all other proceedings have been terminated except for the determination of minimal court fees that are still outstanding in some cases , together with minimal ancillary legal fees .

the relevant industries , including bpe and its competitors , have successfully set up a germany-wide return system for one-way beverage containers , which has been operational since may 1 , 2006 , the date required under the deposit legislation .

submission of matters to a vote of security holders there were no matters submitted to the security holders during the fourth quarter of 2007 .

market for the registrant 2019s common stock and related stockholder matters ball corporation common stock ( bll ) is traded on the new york stock exchange and the chicago stock exchange .

there were 5424 common shareholders of record on february 3 , 2008 .

common stock repurchases the following table summarizes the company 2019s repurchases of its common stock during the quarter ended december 31 , 2007 .

purchases of securities total number of shares purchased ( a ) average price paid per share total number of shares purchased as part of publicly announced plans or programs maximum number of shares that may yet be purchased under the plans or programs ( b ) .

( a ) includes open market purchases and/or shares retained by the company to settle employee withholding tax liabilities .

( b ) the company has an ongoing repurchase program for which shares are authorized for repurchase from time to time by ball 2019s board of directors .

on january 23 , 2008 , ball's board of directors authorized the repurchase by the company of up to a total of 12 million shares of its common stock .

this repurchase authorization replaces all previous authorizations .

( c ) does not include 675000 shares under a forward share repurchase agreement entered into in december 2007 and settled on january 7 , 2008 , for approximately $ 31 million .

also does not include shares to be acquired in 2008 under an accelerated share repurchase program entered into in december 2007 and funded on january 7 , 2008. .

1		total number of shares purchased ( a )	average pricepaid per share	total number of shares purchased as part of publicly announced plans or programs	maximum number of shares that may yet be purchased under the plans or programs ( b )

2	october 1 to october 28 2007	705292	$ 53.53	705292	4904824

3	october 29 to november 25 2007	431170	$ 48.11	431170	4473654

4	november 26 to december 31 2007	8310 ( c )	$ 44.99	8310	4465344

5	total	1144772	$ 51.42	1144772

Question: what is the total amount of cash outflow used for shares repurchased during october 2007 , in millions?

Answer: 37.75428


in our primary disbursement accounts which were reclassified as accounts payable and other accrued liabilities on our consolidated balance sheet .

concentration of credit risk financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents , trade accounts receivable and derivative instruments .

we place our cash and cash equivalents with high quality financial institutions .

such balances may be in excess of fdic insured limits .

in order to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .

concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .

we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico .

we perform ongoing credit evaluations of our customers , but do not require collateral to support customer receivables .

we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .

no customer exceeded 5% ( 5 % ) of our outstanding accounts receivable balance at december 31 , 2009 or 2008 .

accounts receivable , net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services .

our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .

the carrying value of our receivables , net of the allowance for doubtful accounts , represents their estimated net realizable value .

provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .

we also review outstanding balances on an account-specific basis .

in general , reserves are provided for accounts receivable in excess of ninety days old .

past due receivable balances are written-off when our collection efforts have been unsuccess- ful in collecting amounts due .

the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31 , 2009 , 2008 and 2007: .

subsequent to our acquisition of allied , we recorded a provision for doubtful accounts of $ 14.2 million to adjust the allowance acquired from allied to conform to republic 2019s accounting policies .

we also recorded $ 5.4 million to provide for specific bankruptcy exposures in 2008 .

in 2007 , we recorded a $ 4.3 million reduction in our allowance for doubtful accounts as a result of refining our estimate of the allowance based on our historical collection experience .

restricted cash as of december 31 , 2009 , we had $ 236.6 million of restricted cash , of which $ 93.1 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital republic services , inc .

and subsidiaries notes to consolidated financial statements , continued .

Question: in 2009 what was the change in the allowance for doubtful accounts

Answer: -10.5


in our primary disbursement accounts which were reclassified as accounts payable and other accrued liabilities on our consolidated balance sheet .

concentration of credit risk financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents , trade accounts receivable and derivative instruments .

we place our cash and cash equivalents with high quality financial institutions .

such balances may be in excess of fdic insured limits .

in order to manage the related credit exposure , we continually monitor the credit worthiness of the financial institutions where we have deposits .

concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services , as well as the dispersion of our operations across many geographic areas .

we provide services to commercial , industrial , municipal and residential customers in the united states and puerto rico .

we perform ongoing credit evaluations of our customers , but do not require collateral to support customer receivables .

we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers , age of receivables outstanding , historical trends , economic conditions and other information .

no customer exceeded 5% ( 5 % ) of our outstanding accounts receivable balance at december 31 , 2009 or 2008 .

accounts receivable , net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection , transfer , recycling , disposal and other services .

our receivables are recorded when billed or when the related revenue is earned , if earlier , and represent claims against third parties that will be settled in cash .

the carrying value of our receivables , net of the allowance for doubtful accounts , represents their estimated net realizable value .

provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience , the age of the receivables , specific customer information and economic conditions .

we also review outstanding balances on an account-specific basis .

in general , reserves are provided for accounts receivable in excess of ninety days old .

past due receivable balances are written-off when our collection efforts have been unsuccess- ful in collecting amounts due .

the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31 , 2009 , 2008 and 2007: .

Question: as of december 312019 what was the percentage of restricted cash that was proceeds from the issuance of tax-exempt bonds

Answer: 0.39349


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

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

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

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

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

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

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

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

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

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

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

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

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

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

1	type		face value ( e )	interest rate	issuance	maturity

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

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

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

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

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

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

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

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

Question: what was the total of u.s . dollar notes issued in 2014 , in millions?

Answer: 2000.0


n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .

for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively .

related party transactions the ace foundation 2013 bermuda is an unconsolidated not-for-profit organization whose primary purpose is to fund charitable causes in bermuda .

the trustees are principally comprised of ace management .

the company maintains a non-interest bear- ing demand note receivable from the ace foundation 2013 bermuda , the balance of which was $ 30 million and $ 31 million , at december 31 , 2010 and 2009 , respectively .

the receivable is included in other assets in the accompanying consolidated balance sheets .

the borrower has used the related proceeds to finance investments in bermuda real estate , some of which have been rented to ace employees at rates established by independent , professional real estate appraisers .

the borrower uses income from the investments to both repay the note and to fund charitable activities .

accordingly , the company reports the demand note at the lower of its principal value or the fair value of assets held by the borrower to repay the loan , including the real estate properties .

statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate .

these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities .

there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries .

subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators .

statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items .

the statutory capital and surplus of the u.s .

subsidiaries met regulatory requirements for 2010 , 2009 , and 2008 .

the amount of dividends available to be paid in 2011 , without prior approval from the state insurance departments , totals $ 850 million .

the following table presents the combined statutory capital and surplus and statutory net income of the bermuda and u.s .

subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .

as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s .

subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 206 million , $ 215 million , and $ 211 million at december 31 , 2010 , 2009 , and 2008 , respectively .

the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations .

some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements .

in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business .

these licenses may be subject to reserves and minimum capital and solvency tests .

jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements. .

1	( in millions of u.s . dollars )	bermuda subsidiaries 2010	bermuda subsidiaries 2009	bermuda subsidiaries 2008	bermuda subsidiaries 2010	bermuda subsidiaries 2009	2008

2	statutory capital and surplus	$ 11798	$ 9164	$ 6205	$ 6266	$ 5885	$ 5368

3	statutory net income	$ 2430	$ 2369	$ 2196	$ 1047	$ 904	$ 818

Question: what is the net change in amount of statutory capital and surplus for bermuda subsidiaries in 2010?

Answer: 2634.0


n o t e s t o t h e c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years .

for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively .

related party transactions the ace foundation 2013 bermuda is an unconsolidated not-for-profit organization whose primary purpose is to fund charitable causes in bermuda .

the trustees are principally comprised of ace management .

the company maintains a non-interest bear- ing demand note receivable from the ace foundation 2013 bermuda , the balance of which was $ 30 million and $ 31 million , at december 31 , 2010 and 2009 , respectively .

the receivable is included in other assets in the accompanying consolidated balance sheets .

the borrower has used the related proceeds to finance investments in bermuda real estate , some of which have been rented to ace employees at rates established by independent , professional real estate appraisers .

the borrower uses income from the investments to both repay the note and to fund charitable activities .

accordingly , the company reports the demand note at the lower of its principal value or the fair value of assets held by the borrower to repay the loan , including the real estate properties .

statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate .

these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities .

there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries .

subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators .

statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items .

the statutory capital and surplus of the u.s .

subsidiaries met regulatory requirements for 2010 , 2009 , and 2008 .

the amount of dividends available to be paid in 2011 , without prior approval from the state insurance departments , totals $ 850 million .

the following table presents the combined statutory capital and surplus and statutory net income of the bermuda and u.s .

subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .

Question: what is the growth rate of net income for bermuda subsidiaries from 2009 to 2010?

Answer: 0.02575


operating activities net cash provided by operating activities increased by $ 374 million to $ 3547 million in 2010 as compared to 2009 .

the increase primarily was attributable to an improvement in our operating working capital balances of $ 570 million as discussed below , and $ 187 million related to lower net income tax payments , as compared to 2009 .

partially offsetting these improvements was a net reduction in cash from operations of $ 350 million related to our defined benefit pension plan .

this reduction was the result of increased contributions to the pension trust of $ 758 million as compared to 2009 , partially offset by an increase in the cas costs recovered on our contracts .

operating working capital accounts consists of receivables , inventories , accounts payable , and customer advances and amounts in excess of costs incurred .

the improvement in cash provided by operating working capital was due to a decline in 2010 accounts receivable balances compared to 2009 , and an increase in 2010 customer advances and amounts in excess of costs incurred balances compared to 2009 .

these improvements partially were offset by a decline in accounts payable balances in 2010 compared to 2009 .

the decline in accounts receivable primarily was due to higher collections on various programs at electronic systems , is&gs , and space systems business areas .

the increase in customer advances and amounts in excess of costs incurred primarily was attributable to an increase on government and commercial satellite programs at space systems and air mobility programs at aeronautics , partially offset by a decrease on various programs at electronic systems .

the decrease in accounts payable was attributable to the timing of accounts payable activities across all segments .

net cash provided by operating activities decreased by $ 1248 million to $ 3173 million in 2009 as compared to 2008 .

the decline primarily was attributable to an increase in our contributions to the defined benefit pension plan of $ 1373 million as compared to 2008 and an increase in our operating working capital accounts of $ 147 million .

partially offsetting these items was the impact of lower net income tax payments in 2009 as compared to 2008 in the amount of $ 319 million .

the decline in cash provided by operating working capital primarily was due to growth of receivables on various programs in the ms2 and gt&l lines of business at electronic systems and an increase in inventories on combat aircraft programs at aeronautics , which partially were offset by increases in customer advances and amounts in excess of costs incurred on government satellite programs at space systems and the timing of accounts payable activities .

investing activities capital expenditures 2013 the majority of our capital expenditures relate to facilities infrastructure and equipment that are incurred to support new and existing programs across all of our business segments .

we also incur capital expenditures for it to support programs and general enterprise it infrastructure .

capital expenditures for property , plant and equipment amounted to $ 820 million in 2010 , $ 852 million in 2009 , and $ 926 million in 2008 .

we expect that our operating cash flows will continue to be sufficient to fund our annual capital expenditures over the next few years .

acquisitions , divestitures and other activities 2013 acquisition activities include both the acquisition of businesses and investments in affiliates .

amounts paid in 2010 of $ 148 million primarily related to investments in affiliates .

we paid $ 435 million in 2009 for acquisition activities , compared with $ 233 million in 2008 .

in 2010 , we received proceeds of $ 798 million from the sale of eig , net of $ 17 million in transaction costs ( see note 2 ) .

there were no material divestiture activities in 2009 and 2008 .

during 2010 , we increased our short-term investments by $ 171 million compared to an increase of $ 279 million in 2009 .

financing activities share activity and dividends 2013 during 2010 , 2009 , and 2008 , we repurchased 33.0 million , 24.9 million , and 29.0 million shares of our common stock for $ 2483 million , $ 1851 million , and $ 2931 million .

of the shares we repurchased in 2010 , 0.9 million shares for $ 63 million were repurchased in december but settled and were paid for in january 2011 .

in october 2010 , our board of directors approved a new share repurchase program for the repurchase of our common stock from time-to-time , up to an authorized amount of $ 3.0 billion ( see note 12 ) .

under the program , we have discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation .

we repurchased a total of 11.2 million shares under the program for $ 776 million , and as of december 31 , 2010 , there remained $ 2224 million available for additional share repurchases .

in connection with their approval of the new share repurchase program , our board terminated our previous share repurchase program .

cash received from the issuance of our common stock in connection with stock option exercises during 2010 , 2009 , and 2008 totaled $ 59 million , $ 40 million , and $ 250 million .

those activities resulted in the issuance of 1.4 million shares , 1.0 million shares , and 4.7 million shares during the respective periods. .

1	( in millions )	2010	2009	2008

2	net cash provided by operating activities	$ 3547	$ 3173	$ 4421

3	net cash used for investing activities	-319 ( 319 )	-1518 ( 1518 )	-907 ( 907 )

4	net cash used for financing activities	-3363 ( 3363 )	-1476 ( 1476 )	-3938 ( 3938 )

Question: what was the percentage change in capital expenditures for property , plant and equipment from 2009 to 2010?

Answer: -0.03756


and subsidiaries management 2019s financial discussion and analysis plan to spin off the utility 2019s transmission business see the 201cplan to spin off the utility 2019s transmission business 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis for a discussion of this matter , including the planned retirement of debt and preferred securities .

results of operations net income 2011 compared to 2010 net income increased by $ 14.6 million primarily due to higher net revenue , partially offset by higher taxes other than income taxes , higher other operation and maintenance expenses , and higher depreciation and amortization expenses .

2010 compared to 2009 net income increased by $ 2.4 million primarily due to higher net revenue and lower interest expense , partially offset by lower other income , higher taxes other than income taxes , and higher other operation and maintenance expenses .

net revenue 2011 compared to 2010 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) .

following is an analysis of the change in net revenue comparing 2011 to 2010 .

the retail electric price variance is primarily due to rate actions , including an annual base rate increase of $ 59 million beginning august 2010 , with an additional increase of $ 9 million beginning may 2011 , as a result of the settlement of the december 2009 rate case .

see note 2 to the financial statements for further discussion of the rate case settlement .

the volume/weather variance is primarily due to an increase of 721 gwh , or 4.5% ( 4.5 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales compared to last year .

usage in the industrial sector increased 8.2% ( 8.2 % ) primarily in the chemicals and refining industries .

the purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases. .

1		amount ( in millions )

2	2010 net revenue	$ 540.2

3	retail electric price	36.0

4	volume/weather	21.3

5	purchased power capacity	-24.6 ( 24.6 )

6	other	4.9

7	2011 net revenue	$ 577.8

Question: what percent of of the total variance in net revenue is attributed to the variance in volume/weather?

Answer: 0.56649


marathon oil corporation notes to consolidated financial statements of the $ 446 million present value of net minimum capital lease payments , $ 53 million was related to obligations assumed by united states steel under the financial matters agreement .

operating lease rental expense was : ( in millions ) 2009 2008 2007 minimum rental ( a ) $ 238 $ 245 $ 209 .

( a ) excludes $ 3 million , $ 5 million and $ 8 million paid by united states steel in 2009 , 2008 and 2007 on assumed leases .

commitments and contingencies we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment .

certain of these matters are discussed below .

the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements .

however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably .

environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment .

these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites .

penalties may be imposed for noncompliance .

at december 31 , 2009 and 2008 , accrued liabilities for remediation totaled $ 116 million and $ 111 million .

it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed .

receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 59 and $ 60 million at december 31 , 2009 and 2008 .

legal cases 2013 we , along with other refining companies , settled a number of lawsuits pertaining to methyl tertiary-butyl ether ( 201cmtbe 201d ) in 2008 .

presently , we are a defendant , along with other refining companies , in 27 cases arising in four states alleging damages for mtbe contamination .

like the cases that we settled in 2008 , 12 of the remaining cases are consolidated in a multi-district litigation ( 201cmdl 201d ) in the southern district of new york for pretrial proceedings .

the other 15 cases are in new york state courts ( nassau and suffolk counties ) .

plaintiffs in 26 of the 27 cases allege damages to water supply wells from contamination of groundwater by mtbe , similar to the damages claimed in the cases settled in 2008 .

in the remaining case , the new jersey department of environmental protection is seeking the cost of remediating mtbe contamination and natural resources damages allegedly resulting from contamination of groundwater by mtbe .

we are vigorously defending these cases .

we have engaged in settlement discussions related to the majority of these cases .

we do not expect our share of liability for these cases to significantly impact our consolidated results of operations , financial position or cash flows .

we voluntarily discontinued producing mtbe in 2002 .

we are currently a party to one qui tam case , which alleges that marathon and other defendants violated the false claims act with respect to the reporting and payment of royalties on natural gas and natural gas liquids for federal and indian leases .

a qui tam action is an action in which the relator files suit on behalf of himself as well as the federal government .

marathon has reached a settlement with the relator and the doj which will be finalized after the indian tribes review and approve the settlement terms .

such settlement is not expected to significantly impact our consolidated results of operations , financial position or cash flows .

guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies .

under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements .

in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. .

1	( in millions )	2009	2008	2007

2	minimum rental ( a )	$ 238	$ 245	$ 209

3	contingent rental	19	22	33

4	net rental expense	$ 257	$ 267	$ 242

Question: how much did net rental expense increase from 2007 to 2009?

Answer: 0.06198


the table below details cash capital investments for the years ended december 31 , 2006 , 2005 , and 2004 .

in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases .

these investments will be used to maintain track and structures , continue capacity expansions on our main lines in constrained corridors , remove bottlenecks , upgrade and augment equipment to better meet customer needs , build and improve facilities and terminals , and develop and implement new technologies .

we designed these investments to maintain infrastructure for safety , enhance customer service , promote growth , and improve operational fluidity .

we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .

we expect that these sources will continue to provide sufficient funds to meet our expected capital requirements for 2007 .

for the years ended december 31 , 2006 , 2005 , and 2004 , our ratio of earnings to fixed charges was 4.4 , 2.9 , and 2.1 , respectively .

the increases in 2006 and 2005 were driven by higher net income .

the ratio of earnings to fixed charges was computed on a consolidated basis .

earnings represent income from continuing operations , less equity earnings net of distributions , plus fixed charges and income taxes .

fixed charges represent interest charges , amortization of debt discount , and the estimated amount representing the interest portion of rental charges .

see exhibit 12 for the calculation of the ratio of earnings to fixed charges .

financing activities credit facilities 2013 on december 31 , 2006 , we had $ 2 billion in revolving credit facilities available , including $ 1 billion under a five-year facility expiring in march 2009 and $ 1 billion under a five-year facility expiring in march 2010 ( collectively , the "facilities" ) .

the facilities are designated for general corporate purposes and support the issuance of commercial paper .

neither of the facilities were drawn on in 2006 .

commitment fees and interest rates payable under the facilities are similar to fees and rates available to comparably rated investment-grade borrowers .

these facilities allow for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings .

the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .

at december 31 , 2006 , we were in compliance with these covenants .

the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .

in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .

neither of these lines of credit were used as of december 31 , 2006 .

we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .

dividends 2013 on january 30 , 2007 , we increased the quarterly dividend to $ 0.35 per share , payable beginning on april 2 , 2007 , to shareholders of record on february 28 , 2007 .

we expect to fund the increase in the quarterly dividend through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .

dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under our credit facilities .

1	millions of dollars	2006	2005	2004

2	track	$ 1487	$ 1472	$ 1328

3	capacity and commercial facilities	510	509	347

4	locomotives and freight cars	135	98	125

5	other	110	90	76

6	total	$ 2242	$ 2169	$ 1876

Question: in 2006 what was the percent of the total investments amount attributable to the track

Answer: 0.66325


in 2007 , we expect our total capital investments to be approximately $ 3.2 billion , which may include long- term leases .

these investments will be used to maintain track and structures , continue capacity expansions on our main lines in constrained corridors , remove bottlenecks , upgrade and augment equipment to better meet customer needs , build and improve facilities and terminals , and develop and implement new technologies .

we designed these investments to maintain infrastructure for safety , enhance customer service , promote growth , and improve operational fluidity .

we expect to fund our 2007 cash capital investments through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .

we expect that these sources will continue to provide sufficient funds to meet our expected capital requirements for 2007 .

for the years ended december 31 , 2006 , 2005 , and 2004 , our ratio of earnings to fixed charges was 4.4 , 2.9 , and 2.1 , respectively .

the increases in 2006 and 2005 were driven by higher net income .

the ratio of earnings to fixed charges was computed on a consolidated basis .

earnings represent income from continuing operations , less equity earnings net of distributions , plus fixed charges and income taxes .

fixed charges represent interest charges , amortization of debt discount , and the estimated amount representing the interest portion of rental charges .

see exhibit 12 for the calculation of the ratio of earnings to fixed charges .

financing activities credit facilities 2013 on december 31 , 2006 , we had $ 2 billion in revolving credit facilities available , including $ 1 billion under a five-year facility expiring in march 2009 and $ 1 billion under a five-year facility expiring in march 2010 ( collectively , the "facilities" ) .

the facilities are designated for general corporate purposes and support the issuance of commercial paper .

neither of the facilities were drawn on in 2006 .

commitment fees and interest rates payable under the facilities are similar to fees and rates available to comparably rated investment-grade borrowers .

these facilities allow for borrowings at floating rates based on london interbank offered rates , plus a spread , depending upon our senior unsecured debt ratings .

the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .

at december 31 , 2006 , we were in compliance with these covenants .

the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .

in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .

neither of these lines of credit were used as of december 31 , 2006 .

we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .

dividends 2013 on january 30 , 2007 , we increased the quarterly dividend to $ 0.35 per share , payable beginning on april 2 , 2007 , to shareholders of record on february 28 , 2007 .

we expect to fund the increase in the quarterly dividend through cash generated from operations , the sale or lease of various operating and non-operating properties , and cash on hand at december 31 , 2006 .

dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under our credit facilities .

Question: what is the anticipated percentage increase in the capital investment in 2007 from 2006

Answer: -0.99857