credit facility , which was amended in 2013 and 2012 .

in march 2014 , the company 2019s credit facility was further amended to extend the maturity date to march 2019 .

the amount of the aggregate commitment is $ 3.990 billion ( the 201c2014 credit facility 201d ) .

the 2014 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $ 4.990 billion .

interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .

the 2014 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to earnings before interest , taxes , depreciation and amortization , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2014 .

the 2014 credit facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities .

at december 31 , 2014 , the company had no amount outstanding under the 2014 credit facility .

on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion .

blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $ 3.5 billion in 2011 and to $ 3.785 billion in 2012 .

in april 2013 , blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $ 3.990 billion .

the cp program is currently supported by the 2014 credit facility .

at december 31 , 2014 , blackrock had no cp notes outstanding .

long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2014 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value .

long-term borrowings at december 31 , 2013 had a carrying value of $ 4.939 billion and a fair value of $ 5.284 billion determined using market prices at the end of december 2013 .

in march 2014 , the company issued $ 1.0 billion in aggregate principal amount of 3.50% ( 3.50 % ) senior unsecured and unsubordinated notes maturing on march 18 , 2024 ( the 201c2024 notes 201d ) .

the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014 .

interest is payable semi-annually in arrears on march 18 and september 18 of each year , or approximately $ 35 million per year .

the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .

the 2024 notes were issued at a discount of $ 3 million that is being amortized over the term of the notes .

the company incurred approximately $ 6 million of debt issuance costs , which are being amortized over the term of the 2024 notes .

at december 31 , 2014 , $ 6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition .

in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations .

these notes were issued as two separate series of senior debt securities , including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) .

net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes .

interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 .

the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .

the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security .

the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes .

the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes .

at december 31 , 2014 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition .

in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations .

these notes were issued as two separate series of senior debt securities , including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity .

net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc .

Question: what percent higher is fair value than carrying value?

Answer: 0.07513


long-term borrowings at december 31 , 2013 had a carrying value of $ 4.939 billion and a fair value of $ 5.284 billion determined using market prices at the end of december 2013 .

in march 2014 , the company issued $ 1.0 billion in aggregate principal amount of 3.50% ( 3.50 % ) senior unsecured and unsubordinated notes maturing on march 18 , 2024 ( the 201c2024 notes 201d ) .

the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014 .

interest is payable semi-annually in arrears on march 18 and september 18 of each year , or approximately $ 35 million per year .

the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .

the 2024 notes were issued at a discount of $ 3 million that is being amortized over the term of the notes .

the company incurred approximately $ 6 million of debt issuance costs , which are being amortized over the term of the 2024 notes .

at december 31 , 2014 , $ 6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition .

in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations .

these notes were issued as two separate series of senior debt securities , including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) .

net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes .

interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 .

the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price .

the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security .

the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes .

the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes .

at december 31 , 2014 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition .

in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations .

these notes were issued as two separate series of senior debt securities , including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity .

net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc .

Question: what is the fair value of all notes due by 2019 ? in millions $ .

Answer: 2672.0


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: what are the lease obligations to entergy louisiana as a percentage of long-term debt maturities in 2014?

Answer: 0.38664


mandatorily redeemable securities of subsidiary trusts total mandatorily redeemable securities of subsidiary trusts ( trust preferred securities ) , which qualify as tier 1 capital , were $ 23.899 billion at december 31 , 2008 , as compared to $ 23.594 billion at december 31 , 2007 .

in 2008 , citigroup did not issue any new enhanced trust preferred securities .

the frb issued a final rule , with an effective date of april 11 , 2005 , which retains trust preferred securities in tier 1 capital of bank holding companies , but with stricter quantitative limits and clearer qualitative standards .

under the rule , after a five-year transition period , the aggregate amount of trust preferred securities and certain other restricted core capital elements included in tier 1 capital of internationally active banking organizations , such as citigroup , would be limited to 15% ( 15 % ) of total core capital elements , net of goodwill , less any associated deferred tax liability .

the amount of trust preferred securities and certain other elements in excess of the limit could be included in tier 2 capital , subject to restrictions .

at december 31 , 2008 , citigroup had approximately 11.8% ( 11.8 % ) against the limit .

the company expects to be within restricted core capital limits prior to the implementation date of march 31 , 2009 .

the frb permits additional securities , such as the equity units sold to adia , to be included in tier 1 capital up to 25% ( 25 % ) ( including the restricted core capital elements in the 15% ( 15 % ) limit ) of total core capital elements , net of goodwill less any associated deferred tax liability .

at december 31 , 2008 , citigroup had approximately 16.1% ( 16.1 % ) against the limit .

the frb granted interim capital relief for the impact of adopting sfas 158 at december 31 , 2008 and december 31 , 2007 .

the frb and the ffiec may propose amendments to , and issue interpretations of , risk-based capital guidelines and reporting instructions .

these may affect reported capital ratios and net risk-weighted assets .

capital resources of citigroup 2019s depository institutions citigroup 2019s subsidiary depository institutions in the united states are subject to risk-based capital guidelines issued by their respective primary federal bank regulatory agencies , which are similar to the frb 2019s guidelines .

to be 201cwell capitalized 201d under federal bank regulatory agency definitions , citigroup 2019s depository institutions must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ( tier 1 + tier 2 capital ) ratio of at least 10% ( 10 % ) and a leverage ratio of at least 5% ( 5 % ) , and not be subject to a regulatory directive to meet and maintain higher capital levels .

at december 31 , 2008 , all of citigroup 2019s subsidiary depository institutions were 201cwell capitalized 201d under the federal regulatory agencies 2019 definitions , including citigroup 2019s primary depository institution , citibank , n.a. , as noted in the following table : citibank , n.a .

components of capital and ratios under regulatory guidelines in billions of dollars at year end 2008 2007 .

leverage ratio ( 1 ) 5.82 6.65 ( 1 ) tier 1 capital divided by adjusted average assets .

had a net loss for 2008 amounting to $ 6.2 billion .

received contributions from its parent company of $ 6.1 billion .

did not issue any additional subordinated notes in 2008 .

total subordinated notes issued to citicorp holdings inc .

that were outstanding at december 31 , 2008 and december 31 , 2007 and included in citibank , n.a . 2019s tier 2 capital , amounted to $ 28.2 billion .

received an additional $ 14.3 billion in capital contribution from its parent company in january 2009 .

the impact of this contribution is not reflected in the table above .

the substantial events in 2008 impacting the capital of citigroup , and the potential future events discussed on page 94 under 201ccitigroup regulatory capital ratios , 201d also affected , or could affect , citibank , n.a. .

1	in billions of dollars at year end	2008	2007

2	tier 1 capital	$ 71.0	$ 82.0

3	total capital ( tier 1 and tier 2 )	108.4	121.6

4	tier 1 capital ratio	9.94% ( 9.94 % )	8.98% ( 8.98 % )

5	total capital ratio ( tier 1 and tier 2 )	15.18	13.33

6	leverage ratio ( 1 )	5.82	6.65

Question: at december 31 , 2008 what was the ratio of the tier 2 capital compared to 2007

Answer: 0.94444


Question: what was the change in billions in total capital ( tier 1 and tier 2 ) from 2007 to 2008?

Answer: -13.2


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: what is percentage change in rd&e spendings from 2013 to 2014?

Answer: 0.08333


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: what is the applied 2019s net sales in 2018 , ( in billions ) ?

Answer: 7.22222


amortized over a nine-year period beginning december 2015 .

see note 2 to the financial statements for further discussion of the business combination and customer credits .

the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales .

the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry .

the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc .

the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike .

see note 3 to the financial statements for additional discussion of the settlement and benefit sharing .

included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding .

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

as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue .

the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 .

see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 .

see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis .

1		amount ( in millions )

2	2015 net revenue	$ 1666

3	nuclear realized price changes	-149 ( 149 )

4	rhode island state energy center	-44 ( 44 )

5	nuclear volume	-36 ( 36 )

6	fitzpatrick reimbursement agreement	41

7	nuclear fuel expenses	68

8	other	-4 ( 4 )

9	2016 net revenue	$ 1542

Question: what is the growth rate in net revenue in 2016?

Answer: -0.07443


dish network corporation notes to consolidated financial statements - continued 9 .

acquisitions dbsd north america and terrestar transactions on march 2 , 2012 , the fcc approved the transfer of 40 mhz of aws-4 wireless spectrum licenses held by dbsd north america and terrestar to us .

on march 9 , 2012 , we completed the dbsd transaction and the terrestar transaction , pursuant to which we acquired , among other things , certain satellite assets and wireless spectrum licenses held by dbsd north america and terrestar .

in addition , during the fourth quarter 2011 , we and sprint entered into a mutual release and settlement agreement ( the 201csprint settlement agreement 201d ) pursuant to which all issues then being disputed relating to the dbsd transaction and the terrestar transaction were resolved between us and sprint , including , but not limited to , issues relating to costs allegedly incurred by sprint to relocate users from the spectrum then licensed to dbsd north america and terrestar .

the total consideration to acquire the dbsd north america and terrestar assets was approximately $ 2.860 billion .

this amount includes $ 1.364 billion for the dbsd transaction , $ 1.382 billion for the terrestar transaction , and the net payment of $ 114 million to sprint pursuant to the sprint settlement agreement .

as a result of these acquisitions , we recognized the acquired assets and assumed liabilities based on our estimates of fair value at their acquisition date , including $ 102 million in an uncertain tax position in 201clong-term deferred revenue , distribution and carriage payments and other long-term liabilities 201d on our consolidated balance sheets .

subsequently , in the third quarter 2013 , this uncertain tax position was resolved and $ 102 million was reversed and recorded as a decrease in 201cincome tax ( provision ) benefit , net 201d on our consolidated statements of operations and comprehensive income ( loss ) for the year ended december 31 , 2013 .

discontinued operations as of december 31 , 2013 , blockbuster had ceased all material operations .

accordingly , our consolidated balance sheets , consolidated statements of operations and comprehensive income ( loss ) and consolidated statements of cash flows have been recast to present blockbuster as discontinued operations for all periods presented and the amounts presented in the notes to our consolidated financial statements relate only to our continuing operations , unless otherwise noted .

during the years ended december 31 , 2013 , 2012 and 2011 , the revenue from our discontinued operations was $ 503 million , $ 1.085 billion and $ 974 million , respectively .

201cincome ( loss ) from discontinued operations , before income taxes 201d for the same periods was a loss of $ 54 million , $ 62 million and $ 3 million , respectively .

in addition , 201cincome ( loss ) from discontinued operations , net of tax 201d for the same periods was a loss of $ 47 million , $ 37 million and $ 7 million , respectively .

as of december 31 , 2013 , the net assets from our discontinued operations consisted of the following : december 31 , 2013 ( in thousands ) .

1		as of december 31 2013 ( in thousands )

2	current assets from discontinued operations	$ 68239

3	noncurrent assets from discontinued operations	9965

4	current liabilities from discontinued operations	-49471 ( 49471 )

5	long-term liabilities from discontinued operations	-19804 ( 19804 )

6	net assets from discontinued operations	$ 8929

Question: what was the average revenue from discontinued operations in 2013 and 2011 , in millions?

Answer: 738.5


notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) a summary of the remaining liability for the 2007 , 2003 and 2001 restructuring programs is as follows : program program program total .

1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates .

other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote , cone and belding worldwide to create draftfcb .

charges related to severance and terminations costs and lease termination and other exit costs .

we expect charges associated with mediabrands to be completed during the first half of 2009 .

charges related to the creation of draftfcb in 2006 are complete .

the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business. .

Question: what is the average liability for all three programs , as of december 31 , 2008 , in millions?

Answer: 4.26667


american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) a description of the company 2019s reporting units and the results of the related transitional impairment testing are as follows : verestar 2014verestar was a single segment and reporting unit until december 2002 , when the company committed to a plan to dispose of verestar .

the company recorded an impairment charge of $ 189.3 million relating to the impairment of goodwill in this reporting unit .

the fair value of this reporting unit was determined based on an independent third party appraisal .

network development services 2014as of january 1 , 2002 , the reporting units in the company 2019s network development services segment included kline , specialty constructors , galaxy , mts components and flash technologies .

the company estimated the fair value of these reporting units utilizing future discounted cash flows and market information as to the value of each reporting unit on january 1 , 2002 .

the company recorded an impairment charge of $ 387.8 million for the year ended december 31 , 2002 related to the impairment of goodwill within these reporting units .

such charge included full impairment for all of the goodwill within the reporting units except kline , for which only a partial impairment was recorded .

as discussed in note 2 , the assets of all of these reporting units were sold as of december 31 , 2003 , except for those of kline and our tower construction services unit , which were sold in march and november 2004 , respectively .

rental and management 2014the company obtained an independent third party appraisal of the rental and management reporting unit that contains goodwill and determined that goodwill was not impaired .

the company 2019s other intangible assets subject to amortization consist of the following as of december 31 , ( in thousands ) : .

the company amortizes its intangible assets over periods ranging from three to fifteen years .

amortization of intangible assets for the years ended december 31 , 2004 and 2003 aggregated approximately $ 97.8 million and $ 94.6 million , respectively ( excluding amortization of deferred financing costs , which is included in interest expense ) .

the company expects to record amortization expense of approximately $ 97.8 million , $ 95.9 million , $ 92.0 million , $ 90.5 million and $ 88.8 million , respectively , for the years ended december 31 , 2005 , 2006 , 2007 , 2008 and 2009 , respectively .

notes receivable in 2000 , the company loaned tv azteca , s.a .

( tv azteca ) , the owner of a major national television network in mexico , $ 119.8 million .

the loan , which initially bore interest at 12.87% ( 12.87 % ) , payable quarterly , was discounted by the company , as the fair value interest rate at the date of the loan was determined to be 14.25% ( 14.25 % ) .

the loan was amended effective january 1 , 2003 to increase the original interest rate to 13.11% ( 13.11 % ) .

as of december 31 , 2004 , and 2003 , approximately $ 119.8 million undiscounted ( $ 108.2 million discounted ) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets .

the term of the loan is seventy years ; however , the loan may be prepaid by tv .

1		2004	2003

2	acquired customer base and network location intangibles	$ 1369607	$ 1299521

3	deferred financing costs	89736	111484

4	acquired licenses and other intangibles	43404	43125

5	total	1502747	1454130

6	less accumulated amortization	-517444 ( 517444 )	-434381 ( 434381 )

7	other intangible assets net	$ 985303	$ 1019749

Question: what was the percent of the decrease in the other intangible assets net from 2003 to 2004\\n

Answer: -0.03378


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

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

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

Question: what was the percentage cumulative total return for the five year period ended 31-dec-2017 of citi common stock?

Answer: 0.935


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 2017 to 2018?

Answer: 0.13419


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 total percentage decrease in future contingent acquisition obligations payable in cash from 2009-2013?

Answer: 1.43416


during the fourth quarter of 2010 , schlumberger issued 20ac1.0 billion 2.75% ( 2.75 % ) guaranteed notes due under this program .

schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity , effectively making this a us denominated debt on which schlumberger will pay interest in us dollars at a rate of 2.56% ( 2.56 % ) .

during the first quarter of 2009 , schlumberger issued 20ac1.0 billion 4.50% ( 4.50 % ) guaranteed notes due 2014 under this program .

schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.95% ( 4.95 % ) .

0160 on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 .

on july 21 , 2011 , the schlumberger board of directors approved an extension of this repurchase program to december 31 , 2013 .

schlumberger had repurchased $ 7.12 billion of shares under this program as of december 31 , 2012 .

the following table summarizes the activity under this share repurchase program during 2012 , 2011 and 2010 : ( stated in thousands except per share amounts ) total cost of shares purchased total number of shares purchased average price paid per share .

0160 cash flow provided by operations was $ 6.8 billion in 2012 , $ 6.1 billion in 2011 and $ 5.5 billion in 2010 .

in recent years , schlumberger has actively managed its activity levels in venezuela relative to its accounts receivable balance , and has recently experienced an increased delay in payment from its national oil company customer there .

schlumberger operates in approximately 85 countries .

at december 31 , 2012 , only five of those countries ( including venezuela ) individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one , the united states , represented greater than 10% ( 10 % ) .

0160 dividends paid during 2012 , 2011 and 2010 were $ 1.43 billion , $ 1.30 billion and $ 1.04 billion , respectively .

on january 17 , 2013 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 13.6% ( 13.6 % ) , to $ 0.3125 .

on january 19 , 2012 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 10% ( 10 % ) , to $ 0.275 .

on january 21 , 2011 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 19% ( 19 % ) , to $ 0.25 .

0160 capital expenditures were $ 4.7 billion in 2012 , $ 4.0 billion in 2011 and $ 2.9 billion in 2010 .

capital expenditures are expected to approach $ 3.9 billion for the full year 2013 .

0160 during 2012 , 2011 and 2010 schlumberger made contributions of $ 673 million , $ 601 million and $ 868 million , respectively , to its postretirement benefit plans .

the us pension plans were 82% ( 82 % ) funded at december 31 , 2012 based on the projected benefit obligation .

this compares to 87% ( 87 % ) funded at december 31 , 2011 .

schlumberger 2019s international defined benefit pension plans are a combined 88% ( 88 % ) funded at december 31 , 2012 based on the projected benefit obligation .

this compares to 88% ( 88 % ) funded at december 31 , 2011 .

schlumberger currently anticipates contributing approximately $ 650 million to its postretirement benefit plans in 2013 , subject to market and business conditions .

0160 there were $ 321 million outstanding series b debentures at december 31 , 2009 .

during 2010 , the remaining $ 320 million of the 2.125% ( 2.125 % ) series b convertible debentures due june 1 , 2023 were converted by holders into 8.0 million shares of schlumberger common stock and the remaining $ 1 million of outstanding series b debentures were redeemed for cash. .

1		total cost of shares purchased	total number of shares purchased	average price paid per share

2	2012	$ 971883	14087.8	$ 68.99

3	2011	$ 2997688	36940.4	$ 81.15

4	2010	$ 1716675	26624.8	$ 64.48

Question: as of december 312012 what was the outstanding amount of share repurchase authorized in billions?

Answer: 0.88


0160 cash flow provided by operations was $ 6.8 billion in 2012 , $ 6.1 billion in 2011 and $ 5.5 billion in 2010 .

in recent years , schlumberger has actively managed its activity levels in venezuela relative to its accounts receivable balance , and has recently experienced an increased delay in payment from its national oil company customer there .

schlumberger operates in approximately 85 countries .

at december 31 , 2012 , only five of those countries ( including venezuela ) individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one , the united states , represented greater than 10% ( 10 % ) .

0160 dividends paid during 2012 , 2011 and 2010 were $ 1.43 billion , $ 1.30 billion and $ 1.04 billion , respectively .

on january 17 , 2013 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 13.6% ( 13.6 % ) , to $ 0.3125 .

on january 19 , 2012 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 10% ( 10 % ) , to $ 0.275 .

on january 21 , 2011 , schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 19% ( 19 % ) , to $ 0.25 .

0160 capital expenditures were $ 4.7 billion in 2012 , $ 4.0 billion in 2011 and $ 2.9 billion in 2010 .

capital expenditures are expected to approach $ 3.9 billion for the full year 2013 .

0160 during 2012 , 2011 and 2010 schlumberger made contributions of $ 673 million , $ 601 million and $ 868 million , respectively , to its postretirement benefit plans .

the us pension plans were 82% ( 82 % ) funded at december 31 , 2012 based on the projected benefit obligation .

this compares to 87% ( 87 % ) funded at december 31 , 2011 .

schlumberger 2019s international defined benefit pension plans are a combined 88% ( 88 % ) funded at december 31 , 2012 based on the projected benefit obligation .

this compares to 88% ( 88 % ) funded at december 31 , 2011 .

schlumberger currently anticipates contributing approximately $ 650 million to its postretirement benefit plans in 2013 , subject to market and business conditions .

0160 there were $ 321 million outstanding series b debentures at december 31 , 2009 .

during 2010 , the remaining $ 320 million of the 2.125% ( 2.125 % ) series b convertible debentures due june 1 , 2023 were converted by holders into 8.0 million shares of schlumberger common stock and the remaining $ 1 million of outstanding series b debentures were redeemed for cash. .

Question: by how much did the average price per share increase from 2010 to 2011?

Answer: 0.25853


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


in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs .

these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries .

borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .

commercial paper program 2013 we have commercial paper programs in place in the u.s .

at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding .

effective april 19 , 2013 , our commercial paper program in the u.s .

as a result , our commercial paper programs in place in the u.s .

and in europe currently have an aggregate issuance capacity of $ 8.0 billion .

we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements .

sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions .

these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse .

the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets .

we sell trade receivables under two types of arrangements , servicing and non-servicing .

pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions .

the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively .

the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows .

for further details , see item 8 , note 23 .

sale of accounts receivable to our consolidated financial statements .

debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .

our total debt is primarily fixed rate in nature .

for further details , see item 8 , note 7 .

the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 .

fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt .

the amount of debt that we can issue is subject to approval by our board of directors .

on february 21 , 2014 , we filed a shelf registration statement with the u.s .

securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period .

our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s .

dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 .

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 2014 and 10.5 years at the end of 2015 .

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. .

1	type		face value	interest rate	issuance	maturity

2	u.s . dollar notes	( a )	$ 500	1.250% ( 1.250 % )	august 2015	august 2017

3	u.s . dollar notes	( a )	$ 750	3.375% ( 3.375 % )	august 2015	august 2025

Question: what is the percentage change in total debt from 2014 to 2015?

Answer: -0.0339


our ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time .

any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants , which could further restrict our business operations .

in addition , any failure to make payments of interest and principal on our outstanding indebtedness on a timely basis would likely result in a reduction of our credit rating , which could harm our ability to incur additional indebtedness .

if our cash flows and available cash are insufficient to meet our debt service obligations , we could face substantial liquidity problems and might be required to dispose of material assets or operations to meet our debt service and other obligations .

we may not be able to consummate those dispositions or to obtain the proceeds that we could realize from them , and these proceeds may not be adequate to meet any debt service obligations then due .

properties a summary of our significant locations at december 31 , 2013 is shown in the following table .

all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia .

square footage amounts are net of space that has been sublet or part of a facility restructuring. .

chicago , illinois ( 1 ) 36000 ( 1 ) includes approximately 25000 square footage related to g1 execution services , llc .

we entered into a definitive agreement to sell g1 execution services , llc to an affiliate of susquehanna .

the lease was assigned to susquehanna upon closing of the sale on february 10 , all of our facilities are used by either our trading and investing or balance sheet management segments , in addition to the corporate/other category .

all other leased facilities with space of less than 25000 square feet are not listed by location .

in addition to the significant facilities above , we also lease all 30 e*trade branches , ranging in space from approximately 2500 to 8000 square feet .

we believe our facilities space is adequate to meet our needs in 2014 .

legal proceedings on october 27 , 2000 , ajaxo , inc .

( 201cajaxo 201d ) filed a complaint in the superior court for the state of california , county of santa clara .

ajaxo sought damages and certain non-monetary relief for the company 2019s alleged breach of a non-disclosure agreement with ajaxo pertaining to certain wireless technology that ajaxo offered the company as well as damages and other relief against the company for their alleged misappropriation of ajaxo 2019s trade secrets .

following a jury trial , a judgment was entered in 2003 in favor of ajaxo against the company for $ 1.3 million for breach of the ajaxo non-disclosure agreement .

although the jury found in favor of ajaxo on its claim against the company for misappropriation of trade secrets , the trial court subsequently denied ajaxo 2019s requests for additional damages and relief .

on december 21 , 2005 , the california court of appeal affirmed the above-described award against the company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what , if any , additional damages ajaxo may be entitled to as a result of the jury 2019s previous finding in favor of ajaxo on its claim against the company for misappropriation of trade secrets .

although the company paid ajaxo the full amount due on the above-described judgment , the case was remanded back to the trial court , and on may 30 , 2008 , a jury returned a .

1	location	approximate square footage

2	alpharetta georgia	254000

3	jersey city new jersey	107000

4	arlington virginia	102000

5	sandy utah	66000

6	menlo park california	63000

7	new york new york	39000

8	chicago illinois ( 1 )	36000

Question: at december 31 , 2013 what was the percent of square feet of our office in alpharetta , georgia not leased

Answer: 0.64961


Question: at december 31 , 2013 what was the ratio of square feet of our office in alpharetta , georgia to the jersey city new jersey

Answer: 2.37383


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

md&a is organized as follows : 2022 overview .

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

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

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

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

2022 fair value of financial instruments .

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

2022 contractual obligations and off-balance-sheet arrangements .

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: what was the percent of the change in the net revenues from dec . 282012 dec . 29 2013

Answer: -0.01187


Question: what was the percent of the impairment charges to the net revenue in 2013

Answer: 0.00455


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

these net revenue amounts include excise taxes billed to customers .

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

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

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

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

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

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

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

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

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

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

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

for further details , see item 8 , note 11 .

income taxes to our consolidated financial statements .

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

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

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

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

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

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

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

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

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

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

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

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

Question: what was the percentage change in operating income from 2016 to 2017?

Answer: 0.06362


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 is the net change in cash in 2010?

Answer: -135.0


notes to consolidated financial statements 2014 ( continued ) for the years ended december 31 , 2007 and 2006 , five month period ended december 31 , 2005 , and year ended july 31 , 2005 ( amounts in thousands , except share and per share amounts ) aggregate future minimum annual rental payments for the next five years and thereafter under non-cancellable operating leases ( including facilities and equipment ) as of december 31 , 2007 are: .

commitments and contingencies legal proceedings on march 16 , 2007 , pdl biopharma , inc. , or pdl , filed a civil action against alexion in the u.s .

district court for the district of delaware .

pdl claims willful infringement by alexion of pdl patents due to sales of soliris .

pdl seeks unspecified damages , but no less than a reasonable royalty , plus attorney 2019s fees .

in addition , we filed counterclaims seeking declarations of non-infringement and invalidity of certain u.s .

alexion believes it has good and valid defenses to pdl's claims and intends to vigorously defend the case and pursue its counterclaims .

filed a civil action against alexion in the united states district court for the northern district of california .

claims willfull infringement by alexion of sb2 , inc .

seeks unspecified monetary damages , equitable relief and attorneys fees .

alexion believes it has good and valid defenses to sb2's claims and intends to vigorously defend the case and pursue its counterclaims .

the results of such civil actions cannot be predicted with certainty due to their early stages .

however , depending on the outcome of these legal matters , the operating results of the company could be materially impacted through adjustments to cost of sales ( see notes 2 , 6 and 15 for additional information related to royalties ) .

product supply the large-scale product supply agreement dated december 18 , 2002 , or the lonza agreement , between lonza sales ag , or lonza , and us , relating to the manufacture of soliris , was amended in june 2007 .

we amended our supply agreement to provide for additional purchase commitments of soliris of $ 30000 to $ 35000 through 2013 .

such commitments may only be cancelled in limited circumstances. .

Question: what is the percent change in minimum annual rental payment between 2010 and 2011?

Answer: 0.01266


devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) asset divestitures in conjunction with the asset divestitures in 2013 and 2014 , devon removed $ 26 million and $ 706 million of goodwill , respectively , which were allocated to these assets .

impairment devon 2019s canadian goodwill was originally recognized in 2001 as a result of a business combination consisting almost entirely of conventional gas assets that devon no longer owns .

as a result of performing the goodwill impairment test described in note 1 , devon concluded the implied fair value of its canadian goodwill was zero as of december 31 , 2014 .

this conclusion was largely based on the significant decline in benchmark oil prices , particularly after opec 2019s decision not to reduce its production targets that was announced in late november 2014 .

consequently , in the fourth quarter of 2014 , devon wrote off its remaining canadian goodwill and recognized a $ 1.9 billion impairment .

other intangible assets as of december 31 , 2014 , intangible assets associated with customer relationships had a gross carrying amount of $ 569 million and $ 36 million of accumulated amortization .

the weighted-average amortization period for the customer relationships is 13.7 years .

amortization expense for intangibles was approximately $ 36 million for the year ended december 31 , 2014 .

other intangible assets are reported in other long-term assets in the accompanying consolidated balance sheets .

the following table summarizes the estimated aggregate amortization expense for the next five years .

year amortization amount ( in millions ) .

Question: what is the average amortization amount , in millions , from 2015-2019?

Answer: 44.8


the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2009 through december 31 , 2014. .

Question: what was the total return percentage for e*trade financial corporation for the five years ended 12/14?

Answer: 0.3781


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: what is the percentage change in average of investments from 2014 to 2015?

Answer: 0.03558


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

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

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

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

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

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

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

1	2010	high	low

2	quarter ended march 31	$ 44.61	$ 40.10

3	quarter ended june 30	45.33	38.86

4	quarter ended september 30	52.11	43.70

5	quarter ended december 31	53.14	49.61

6	2009	high	low

7	quarter ended march 31	$ 32.53	$ 25.45

8	quarter ended june 30	34.52	27.93

9	quarter ended september 30	37.71	29.89

10	quarter ended december 31	43.84	35.03

Question: what is the growth rate in the price of shares from the highest value during the quarter ended december 31 , 2010 and the closing price on february 11 , 2011?

Answer: 0.06756


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 november 2007 , in millions?

Answer: 20.74359


table of contents tceq and harris county pollution control services department ( hcpcs ) ( houston terminal ) .

we have an outstanding noe from the tceq and an outstanding vn from the hcpcs alleging excess emissions from tank 003 that occurred during hurricane harvey .

we are working with the pertinent authorities to resolve these matters .

mine safety disclosures part ii item 5 .

market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock trades on the nyse under the trading symbol 201cvlo . 201d as of january 31 , 2019 , there were 5271 holders of record of our common stock .

dividends are considered quarterly by the board of directors , may be paid only when approved by the board , and will depend on our financial condition , results of operations , cash flows , prospects , industry conditions , capital requirements , and other factors and restrictions our board deems relevant .

there can be no assurance that we will pay a dividend at the rates we have paid historically , or at all , in the future .

the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2018 .

period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .

( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2018 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans .

( b ) on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2018 program ) , with no expiration date , which was in addition to the remaining amount available under a $ 2.5 billion program authorized on september 21 , 2016 ( the 2016 program ) .

during the fourth quarter of 2018 , we completed our purchases under the 2016 program .

as of december 31 , 2018 , we had $ 2.2 billion remaining available for purchase under the 2018 program. .

1	period	total numberof sharespurchased	averageprice paidper share	total number ofshares notpurchased as part ofpublicly announcedplans or programs ( a )	total number ofshares purchased aspart of publiclyannounced plans orprograms	approximate dollarvalue of shares thatmay yet be purchasedunder the plans orprograms ( b )

2	october 2018	939957	$ 87.23	8826	931131	$ 2.7 billion

3	november 2018	3655945	$ 87.39	216469	3439476	$ 2.4 billion

4	december 2018	3077364	$ 73.43	4522	3072842	$ 2.2 billion

5	total	7673266	$ 81.77	229817	7443449	$ 2.2 billion

Question: for the fourth quarter ended december 312018 what was the total number of shares purchased in november

Answer: 0.47645


Question: as of december 2018 what was the percent of the 2018 program still outstanding

Answer: 0.88


commitments and contingencies in the ordinary course of business , the company is involved in lawsuits , arbitrations and other formal and informal dispute resolution procedures , the outcomes of which will determine the company 2019s rights and obligations under insurance and reinsurance agreements .

in some disputes , the company seeks to enforce its rights under an agreement or to collect funds owing to it .

in other matters , the company is resisting attempts by others to collect funds or enforce alleged rights .

these disputes arise from time to time and are ultimately resolved through both informal and formal means , including negotiated resolution , arbitration and litigation .

in all such matters , the company believes that its positions are legally and commercially reasonable .

the company considers the statuses of these proceedings when determining its reserves for unpaid loss and loss adjustment expenses .

aside from litigation and arbitrations related to these insurance and reinsurance agreements , the company is not a party to any other material litigation or arbitration .

the company has entered into separate annuity agreements with the prudential insurance of america ( 201cthe prudential 201d ) and an additional unaffiliated life insurance company in which the company has either purchased annuity contracts or become the assignee of annuity proceeds that are meant to settle claim payment obligations in the future .

in both instances , the company would become contingently liable if either the prudential or the unaffiliated life insurance company were unable to make payments related to the respective annuity contract .

the table below presents the estimated cost to replace all such annuities for which the company was contingently liable for the periods indicated: .

share-based compensation plans the company has a 2010 stock incentive plan ( 201c2010 employee plan 201d ) , a 2009 non-employee director stock option and restricted stock plan ( 201c2009 director plan 201d ) and a 2003 non-employee director equity compensation plan ( 201c2003 director plan 201d ) .

under the 2010 employee plan , 4000000 common shares have been authorized to be granted as non- qualified share options , incentive share options , share appreciation rights , restricted share awards or performance share unit awards to officers and key employees of the company .

at december 31 , 2017 , there were 2553473 remaining shares available to be granted under the 2010 employee plan .

the 2010 employee plan replaced a 2002 employee plan , which replaced a 1995 employee plan ; therefore , no further awards will be granted under the 2002 employee plan or the 1995 employee plan .

through december 31 , 2017 , only non-qualified share options , restricted share awards and performance share unit awards had been granted under the employee plans .

under the 2009 director plan , 37439 common shares have been authorized to be granted as share options or restricted share awards to non-employee directors of the company .

at december 31 , 2017 , there were 34957 remaining shares available to be granted under the 2009 director plan .

the 2009 director plan replaced a 1995 director plan , which expired .

under the 2003 director plan , 500000 common shares have been authorized to be granted as share options or share awards to non-employee directors of the company .

at december 31 , 2017 there were 346714 remaining shares available to be granted under the 2003 director plan. .

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

2	the prudential insurance company of america	$ 144618	$ 146507

3	unaffiliated life insurance company	34444	33860

Question: what is the percentage change in the balance of the prudential insurance company of america from 2016 to 2017?

Answer: -0.01289