62 general mills amounts recorded in accumulated other comprehensive loss unrealized losses from interest rate cash flow hedges recorded in aoci as of may 27 , 2012 , totaled $ 73.6 million after tax .

these deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ- ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac- tions .

unrealized losses from foreign currency cash flow hedges recorded in aoci as of may 27 , 2012 , were $ 1.7 million after-tax .

the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense .

credit-risk-related contingent features certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat- ing agencies .

if our debt were to fall below investment grade , the counterparties to the derivative instruments could request full collateralization on derivative instru- ments in net liability positions .

the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on may 27 , 2012 , was $ 19.9 million .

we have posted col- lateral of $ 4.3 million in the normal course of business associated with these contracts .

if the credit-risk-related contingent features underlying these agreements had been triggered on may 27 , 2012 , we would have been required to post an additional $ 15.6 million of collateral to counterparties .

concentrations of credit and counterparty credit risk during fiscal 2012 , wal-mart stores , inc .

and its affili- ates ( wal-mart ) accounted for 22 percent of our con- solidated net sales and 30 percent of our net sales in the u.s .

no other customer accounted for 10 percent or more of our consolidated net sales .

wal- mart also represented 6 percent of our net sales in the international segment and 7 percent of our net sales in the bakeries and foodservice segment .

as of may 27 , 2012 , wal-mart accounted for 26 percent of our u.s .

retail receivables , 5 percent of our international receiv- ables , and 9 percent of our bakeries and foodservice receivables .

retail segment accounted for 54 percent of its fiscal 2012 net sales , the five largest customers in our international segment accounted for 26 percent of its fiscal 2012 net sales , and the five largest customers in our bakeries and foodservice segment accounted for 46 percent of its fis- cal 2012 net sales .

we enter into interest rate , foreign exchange , and cer- tain commodity and equity derivatives , primarily with a diversified group of highly rated counterparties .

we continually monitor our positions and the credit rat- ings of the counterparties involved and , by policy , limit the amount of credit exposure to any one party .

these transactions may expose us to potential losses due to the risk of nonperformance by these counterparties ; however , we have not incurred a material loss .

we also enter into commodity futures transactions through vari- ous regulated exchanges .

the amount of loss due to the credit risk of the coun- terparties , should the counterparties fail to perform according to the terms of the contracts , is $ 19.5 million against which we do not hold collateral .

under the terms of master swap agreements , some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk .

collateral assets are either cash or u.s .

treasury instruments and are held in a trust account that we may access if the counterparty defaults .

debt notes payable the components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: .

to ensure availability of funds , we maintain bank credit lines sufficient to cover our outstanding short- term borrowings .

commercial paper is a continuing source of short-term financing .

we have commercial paper programs available to us in the united states and europe .

in april 2012 , we entered into fee-paid commit- ted credit lines , consisting of a $ 1.0 billion facility sched- uled to expire in april 2015 and a $ 1.7 billion facility .

1	in millions	may 27 2012 notes payable	may 27 2012 weighted- average interest rate	may 27 2012 notespayable	weighted-averageinterest rate

2	u.s . commercial paper	$ 412.0	0.2% ( 0.2 % )	$ 192.5	0.2% ( 0.2 % )

3	financial institutions	114.5	10.0	118.8	11.5

4	total	$ 526.5	2.4% ( 2.4 % )	$ 311.3	4.5% ( 4.5 % )

Question: what is the total interest expense for the year ending on may 27 , 2012 , ( in millions )

Answer: 12.636


62 general mills amounts recorded in accumulated other comprehensive loss unrealized losses from interest rate cash flow hedges recorded in aoci as of may 27 , 2012 , totaled $ 73.6 million after tax .

these deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ- ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac- tions .

unrealized losses from foreign currency cash flow hedges recorded in aoci as of may 27 , 2012 , were $ 1.7 million after-tax .

the net amount of pre-tax gains and losses in aoci as of may 27 , 2012 , that we expect to be reclassified into net earnings within the next 12 months is $ 14.0 million of expense .

credit-risk-related contingent features certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat- ing agencies .

if our debt were to fall below investment grade , the counterparties to the derivative instruments could request full collateralization on derivative instru- ments in net liability positions .

the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on may 27 , 2012 , was $ 19.9 million .

we have posted col- lateral of $ 4.3 million in the normal course of business associated with these contracts .

if the credit-risk-related contingent features underlying these agreements had been triggered on may 27 , 2012 , we would have been required to post an additional $ 15.6 million of collateral to counterparties .

concentrations of credit and counterparty credit risk during fiscal 2012 , wal-mart stores , inc .

and its affili- ates ( wal-mart ) accounted for 22 percent of our con- solidated net sales and 30 percent of our net sales in the u.s .

no other customer accounted for 10 percent or more of our consolidated net sales .

wal- mart also represented 6 percent of our net sales in the international segment and 7 percent of our net sales in the bakeries and foodservice segment .

as of may 27 , 2012 , wal-mart accounted for 26 percent of our u.s .

retail receivables , 5 percent of our international receiv- ables , and 9 percent of our bakeries and foodservice receivables .

retail segment accounted for 54 percent of its fiscal 2012 net sales , the five largest customers in our international segment accounted for 26 percent of its fiscal 2012 net sales , and the five largest customers in our bakeries and foodservice segment accounted for 46 percent of its fis- cal 2012 net sales .

we enter into interest rate , foreign exchange , and cer- tain commodity and equity derivatives , primarily with a diversified group of highly rated counterparties .

we continually monitor our positions and the credit rat- ings of the counterparties involved and , by policy , limit the amount of credit exposure to any one party .

these transactions may expose us to potential losses due to the risk of nonperformance by these counterparties ; however , we have not incurred a material loss .

we also enter into commodity futures transactions through vari- ous regulated exchanges .

the amount of loss due to the credit risk of the coun- terparties , should the counterparties fail to perform according to the terms of the contracts , is $ 19.5 million against which we do not hold collateral .

under the terms of master swap agreements , some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk .

collateral assets are either cash or u.s .

treasury instruments and are held in a trust account that we may access if the counterparty defaults .

debt notes payable the components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows: .

Question: what portion of the total notes payable comes from u.s . commercial paper?

Answer: 0.78253


the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 .

as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards .

this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 .

during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested .

pmi did not grant any psu awards during note 10 .

earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method .

basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. .

1	( in millions )	for the years ended december 31 , 2017	for the years ended december 31 , 2016	for the years ended december 31 , 2015

2	net earnings attributable to pmi	$ 6035	$ 6967	$ 6873

3	less distributed and undistributed earnings attributable to share-based payment awards	14	19	24

4	net earnings for basic and diluted eps	$ 6021	$ 6948	$ 6849

5	weighted-average shares for basic eps	1552	1551	1549

6	plus contingently issuable performance stock units ( psus )	1	2014	2014

7	weighted-average shares for diluted eps	1553	1551	1549

Question: what is the growth rate of the net earnings attributable to pmi?

Answer: -0.13377


/ 2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es ( ib , cb , tss and am ) and consumer businesses ( rfs and cs ) .

credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and declines in the portfolio value due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard .

unexpected losses are losses in excess of those for which provisions for credit losses are maintained .

the capital methodology is based upon several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation .

credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation .

actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard .

statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks , such as subordination levels on market transactions or capital held at representative monoline competitors , where appropriate .

market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables , such as interest and foreign exchange rates , credit spreads , securities prices and commodities prices .

daily value-at-risk ( 201cvar 201d ) , biweekly stress-test results and other factors are used to determine appropriate capital levels .

the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures .

see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures .

operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis .

the operational risk capital model is based upon actual losses and potential scenario-based stress losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts .

the firm believes its model is consistent with the new basel ii framework .

private equity risk capital capital is allocated to privately and publicly held securities , third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations .

in addition to negative market fluctua- tions , potential losses in private equity investment portfolios can be magnified by liquidity risk .

the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions .

regulatory capital the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) establishes capital requirements , including well-capitalized standards for the consolidated financial holding company .

the office of the comptroller of the currency ( 201cocc 201d ) establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a .

the federal reserve granted the firm , for a period of 18 months fol- lowing the bear stearns merger , relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired .

the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1 , 2009 .

the occ granted jpmorgan chase bank , n.a .

similar relief from its risk-based capital and leverage requirements .

jpmorgan chase maintained a well-capitalized position , based upon tier 1 and total capital ratios at december 31 , 2008 and 2007 , as indicated in the tables below .

for more information , see note 30 on pages 212 2013213 of this annual report .

risk-based capital components and assets .

( a ) the fasb has been deliberating certain amendments to both sfas 140 and fin 46r that may impact the accounting for transactions that involve qspes and vies .

based on the provisions of the current proposal and the firm 2019s interpretation of the propos- al , the firm estimates that the impact of consolidation could be up to $ 70 billion of credit card receivables , $ 40 billion of assets related to firm-sponsored multi-seller conduits , and $ 50 billion of other loans ( including residential mortgages ) ; the decrease in the tier 1 capital ratio could be approximately 80 basis points .

the ulti- mate impact could differ significantly due to the fasb 2019s continuing deliberations on the final requirements of the rule and market conditions. .

1	december 31 ( in millions )	2008	2007

2	total tier 1capital ( a )	$ 136104	$ 88746

3	total tier 2 capital	48616	43496

4	total capital	$ 184720	$ 132242

5	risk-weighted assets	$ 1244659	$ 1051879

6	total adjusted average assets	1966895	1473541

Question: tier 2 capital is what percent of total capital for 2008?

Answer: 0.26319


/ 2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es ( ib , cb , tss and am ) and consumer businesses ( rfs and cs ) .

credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and declines in the portfolio value due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard .

unexpected losses are losses in excess of those for which provisions for credit losses are maintained .

the capital methodology is based upon several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation .

credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation .

actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard .

statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks , such as subordination levels on market transactions or capital held at representative monoline competitors , where appropriate .

market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables , such as interest and foreign exchange rates , credit spreads , securities prices and commodities prices .

daily value-at-risk ( 201cvar 201d ) , biweekly stress-test results and other factors are used to determine appropriate capital levels .

the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures .

see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures .

operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis .

the operational risk capital model is based upon actual losses and potential scenario-based stress losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts .

the firm believes its model is consistent with the new basel ii framework .

private equity risk capital capital is allocated to privately and publicly held securities , third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations .

in addition to negative market fluctua- tions , potential losses in private equity investment portfolios can be magnified by liquidity risk .

the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions .

regulatory capital the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) establishes capital requirements , including well-capitalized standards for the consolidated financial holding company .

the office of the comptroller of the currency ( 201cocc 201d ) establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a .

the federal reserve granted the firm , for a period of 18 months fol- lowing the bear stearns merger , relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired .

the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1 , 2009 .

the occ granted jpmorgan chase bank , n.a .

similar relief from its risk-based capital and leverage requirements .

jpmorgan chase maintained a well-capitalized position , based upon tier 1 and total capital ratios at december 31 , 2008 and 2007 , as indicated in the tables below .

for more information , see note 30 on pages 212 2013213 of this annual report .

risk-based capital components and assets .

Question: what was jpmorgan chase & co's tier 2 capital ratio ( cet2 ) ratio in 2008?

Answer: 0.03906


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 is the percentage change in amortization expense from from 2008 to 2009?

Answer: 0.01981


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

Answer: -0.03378


market for registrant 2019s common equity , related stockholder matters , and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol "apd." as of 31 october 2019 , there were 5166 record holders of our common stock .

cash dividends on the company 2019s common stock are paid quarterly .

it is our expectation that we will continue to pay cash dividends in the future at comparable or increased levels .

the board of directors determines whether to declare dividends and the timing and amount based on financial condition and other factors it deems relevant .

dividend information for each quarter of fiscal years 2019 and 2018 is summarized below: .

purchases of equity securities by the issuer on 15 september 2011 , the board of directors authorized the repurchase of up to $ 1.0 billion of our outstanding common stock .

this program does not have a stated expiration date .

we repurchase shares pursuant to rules 10b5-1 and 10b-18 under the securities exchange act of 1934 , as amended , through repurchase agreements established with one or more brokers .

there were no purchases of stock during fiscal year 2019 .

at 30 september 2019 , $ 485.3 million in share repurchase authorization remained .

additional purchases will be completed at the company 2019s discretion while maintaining sufficient funds for investing in its businesses and growth opportunities. .

Question: what is the increase observed in the first quarter dividend percentage concerning the total value , during 2018 and 2019?

Answer: 0.01665


page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2010 .

it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested .

the dow jones containers & packaging index total return has been weighted by market capitalization .

1		12/31/05	12/31/06	12/31/07	12/31/08	12/31/09	12/31/10

2	ball corporation	$ 100.00	$ 110.86	$ 115.36	$ 107.58	$ 134.96	$ 178.93

3	dj containers & packaging index	$ 100.00	$ 112.09	$ 119.63	$ 75.00	$ 105.34	$ 123.56

4	s&p 500 index	$ 100.00	$ 115.80	$ 122.16	$ 76.96	$ 97.33	$ 111.99

5	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )	copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )

6	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .	copyright a9 2011 dow jones & company . all rights reserved .

Question: what was the percentage cumulative total shareholder return for ball corporation for the five year period ending 12/31/10?

Answer: 0.7893


oneok partners 2019 commodity price risk is estimated as a hypothetical change in the price of ngls , crude oil and natural gas at december 31 , 2008 , excluding the effects of hedging and assuming normal operating conditions .

oneok partners 2019 condensate sales are based on the price of crude oil .

oneok partners estimates the following : 2022 a $ 0.01 per gallon decrease in the composite price of ngls would decrease annual net margin by approximately $ 1.2 million ; 2022 a $ 1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $ 1.0 million ; and 2022 a $ 0.10 per mmbtu decrease in the price of natural gas would decrease annual net margin by approximately $ 0.6 million .

the above estimates of commodity price risk do not include any effects on demand for its services that might be caused by , or arise in conjunction with , price changes .

for example , a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream , impacting gathering and processing margins , ngl exchange revenues , natural gas deliveries , and ngl volumes shipped and fractionated .

oneok partners is also exposed to commodity price risk primarily as a result of ngls in storage , the relative values of the various ngl products to each other , the relative value of ngls to natural gas and the relative value of ngl purchases at one location and sales at another location , known as basis risk .

oneok partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to ngl price fluctuations .

oneok partners has not entered into any financial instruments with respect to its ngl marketing activities .

in addition , oneok partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided .

when the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers , the pipelines must buy or sell natural gas , or store or use natural gas from inventory , which exposes oneok partners to commodity price risk .

at december 31 , 2008 , there were no hedges in place with respect to natural gas price risk from oneok partners 2019 natural gas pipeline business .

distribution our distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas .

gains or losses associated with these derivative instruments are included in , and recoverable through , the monthly purchased gas cost mechanism .

energy services our energy services segment is exposed to commodity price risk , basis risk and price volatility arising from natural gas in storage , requirement contracts , asset management contracts and index-based purchases and sales of natural gas at various market locations .

we minimize the volatility of our exposure to commodity price risk through the use of derivative instruments , which , under certain circumstances , are designated as cash flow or fair value hedges .

we are also exposed to commodity price risk from fixed-price purchases and sales of natural gas , which we hedge with derivative instruments .

both the fixed-price purchases and sales and related derivatives are recorded at fair value .

fair value component of the energy marketing and risk management assets and liabilities - the following table sets forth the fair value component of the energy marketing and risk management assets and liabilities , excluding $ 21.0 million of net liabilities from derivative instruments declared as either fair value or cash flow hedges. .

( a ) - the maturiti es of derivatives are based on inject ion and withdrawal periods from april through m arc h , which is consistent with our business s trategy .

the maturities are as fol lows : $ 225.0 mi llion matures through march 2009 , $ 33.9 mi llion matures through march 2012 and $ ( 0.1 ) mil lion matures through march 2014 .

fair v alue com ponent of energy m arketing and risk m anagement assets and liabili ti es .

1		( thousands of dollars )

2	net fair value of derivatives outstanding at december 31 2007	$ 25171

3	derivatives reclassified or otherwise settled during the period	-55874 ( 55874 )

4	fair value of new derivatives entered into during the period	236772

5	other changes in fair value	52731

6	net fair value of derivatives outstanding at december 31 2008 ( a )	$ 258800

Question: what was the total net change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?

Answer: 233629.0


oneok partners 2019 commodity price risk is estimated as a hypothetical change in the price of ngls , crude oil and natural gas at december 31 , 2008 , excluding the effects of hedging and assuming normal operating conditions .

oneok partners 2019 condensate sales are based on the price of crude oil .

oneok partners estimates the following : 2022 a $ 0.01 per gallon decrease in the composite price of ngls would decrease annual net margin by approximately $ 1.2 million ; 2022 a $ 1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $ 1.0 million ; and 2022 a $ 0.10 per mmbtu decrease in the price of natural gas would decrease annual net margin by approximately $ 0.6 million .

the above estimates of commodity price risk do not include any effects on demand for its services that might be caused by , or arise in conjunction with , price changes .

for example , a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream , impacting gathering and processing margins , ngl exchange revenues , natural gas deliveries , and ngl volumes shipped and fractionated .

oneok partners is also exposed to commodity price risk primarily as a result of ngls in storage , the relative values of the various ngl products to each other , the relative value of ngls to natural gas and the relative value of ngl purchases at one location and sales at another location , known as basis risk .

oneok partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to ngl price fluctuations .

oneok partners has not entered into any financial instruments with respect to its ngl marketing activities .

in addition , oneok partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided .

when the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers , the pipelines must buy or sell natural gas , or store or use natural gas from inventory , which exposes oneok partners to commodity price risk .

at december 31 , 2008 , there were no hedges in place with respect to natural gas price risk from oneok partners 2019 natural gas pipeline business .

distribution our distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas .

gains or losses associated with these derivative instruments are included in , and recoverable through , the monthly purchased gas cost mechanism .

energy services our energy services segment is exposed to commodity price risk , basis risk and price volatility arising from natural gas in storage , requirement contracts , asset management contracts and index-based purchases and sales of natural gas at various market locations .

we minimize the volatility of our exposure to commodity price risk through the use of derivative instruments , which , under certain circumstances , are designated as cash flow or fair value hedges .

we are also exposed to commodity price risk from fixed-price purchases and sales of natural gas , which we hedge with derivative instruments .

both the fixed-price purchases and sales and related derivatives are recorded at fair value .

fair value component of the energy marketing and risk management assets and liabilities - the following table sets forth the fair value component of the energy marketing and risk management assets and liabilities , excluding $ 21.0 million of net liabilities from derivative instruments declared as either fair value or cash flow hedges. .

Question: what was the percentage change in net fair value of derivatives outstanding at between 2007 and 2008 in thousands?

Answer: 9.28167


repurchase of equity securities the following table provides information regarding our purchases of equity securities during the fourth quarter of 2008 : number of shares purchased average paid per share2 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 .

47022 $ 5.18 2014 2014 1 consists of restricted shares of our common stock withheld under the terms of grants under employee stock compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares during each month of the fourth quarter of 2008 ( the 201cwithheld shares 201d ) .

2 the average price per month of the withheld shares was calculated by dividing the aggregate value of the tax withholding obligations for each month by the aggregate number of shares of our common stock withheld each month. .

1		total number of shares purchased	average price paid per share2	total number of shares purchased as part of publicly announced plans or programs	maximum number ofshares that may yet be purchased under the plans or programs

2	october 1-31	29704	$ 5.99	2014	2014

3	november 1-30	4468	$ 3.24	2014	2014

4	december 1-31	12850	$ 3.98	2014	2014

5	total1	47022	$ 5.18	2014	2014

Question: how much more , in percent , was spent on october shares than november shares?

Answer: 1229.08971


notes to consolidated financial statements 2014 ( continued ) 15 .

stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2015 , 2016 , and 2017 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .

on november 2 , 2017 , the board declared a cash dividend of $ 0.40 per share that was paid on january 26 , 2018 to stockholders of record on december 29 , 2017 , for an aggregate amount of $ 55 million .

declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change .

stock repurchases in september 2014 , our board of directors replaced a previous share repurchase authorization of up to $ 1 billion ( of which $ 816 million remained unused ) with an authorization for repurchases of up to $ 2 billion of our common shares exclusive of shares repurchased in connection with employee stock plans , which expired on december 31 , 2016 .

under the share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing .

pursuant to the merger agreement , after july 2 , 2015 , we were prohibited from repurchasing any of our outstanding securities without the prior written consent of aetna , other than repurchases of shares of our common stock in connection with the exercise of outstanding stock options or the vesting or settlement of outstanding restricted stock awards .

accordingly , as announced on july 3 , 2015 , we suspended our share repurchase program .

on february 14 , 2017 , we and aetna agreed to mutually terminate the merger agreement .

we also announced that the board had approved a new authorization for share repurchases of up to $ 2.25 billion of our common stock exclusive of shares repurchased in connection with employee stock plans , expiring on december 31 , 2017 .

on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co .

llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase program referred to above .

on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock .

the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr .

upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , bringing the total shares received under this program to 6.67 million .

in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock .

subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration. .

1	paymentdate	amountper share	totalamount ( in millions )

2	2015	$ 1.14	$ 170

3	2016	$ 1.16	$ 172

4	2017	$ 1.49	$ 216

Question: considering the years 2016-2017 , what is the percentual increase observed in the payment amount per share?

Answer: 0.28448


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: considering the reverse stock split , what was the percentual reduction of the common stock outstanding shares?

Answer: 0.69231


impairment the following table presents net unrealized losses on securities available for sale as of december 31: .

the net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity .

these unrealized losses related to reclassifications totaled $ 303 million , or $ 189 million after-tax , and $ 523 million , or $ 317 million after-tax , as of december 31 , 2011 and 2010 , respectively , and were recorded in accumulated other comprehensive income , or oci .

refer to note 12 to the consolidated financial statements included under item 8 .

the decline in these remaining after-tax unrealized losses related to reclassifications from december 31 , 2010 to december 31 , 2011 resulted primarily from amortization .

we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists .

to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component .

the credit component is recorded in our consolidated statement of income , and the non-credit component is recorded in oci to the extent that we do not intend to sell the security .

our assessment of other-than-temporary impairment involves an evaluation , more fully described in note 3 , of economic and security-specific factors .

such factors are based on estimates , derived by management , which contemplate current market conditions and security-specific performance .

to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular , the credit component that would be recorded in our consolidated statement of income .

given the exposure of our investment securities portfolio , particularly mortgage- and asset-backed securities , to residential mortgage and other consumer credit risks , the performance of the u.s .

housing market is a significant driver of the portfolio 2019s credit performance .

as such , our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices .

generally , indices that measure trends in national housing prices are published in arrears .

as of september 30 , 2011 , national housing prices , according to the case-shiller national home price index , had declined by approximately 31.3% ( 31.3 % ) peak-to-current .

overall , management 2019s expectation , for purposes of its evaluation of other-than-temporary impairment as of december 31 , 2011 , was that housing prices would decline by approximately 35% ( 35 % ) peak-to-trough .

the performance of certain mortgage products and vintages of securities continues to deteriorate .

in addition , management continues to believe that housing prices will decline further as indicated above .

the combination of these factors has led to an increase in management 2019s overall loss expectations .

our investment portfolio continues to be sensitive to management 2019s estimates of future cumulative losses .

ultimately , other-than- temporary impairment is based on specific cusip-level detailed analysis of the unique characteristics of each security .

in addition , we perform sensitivity analysis across each significant product type within the non-agency u.s .

we estimate , for example , that other-than-temporary impairment of the investment portfolio could increase by approximately $ 10 million to $ 50 million , if national housing prices were to decline by 37% ( 37 % ) to 39% ( 39 % ) peak-to-trough , compared to management 2019s expectation of 35% ( 35 % ) described above .

this sensitivity estimate is based on a number of factors , including , but not limited to , the level of housing prices and the timing of defaults .

to the extent that such factors differ substantially from management 2019s current expectations , resulting loss estimates may differ materially from those stated .

excluding the securities for which other-than-temporary impairment was recorded in 2011 , management considers the aggregate decline in fair value of the remaining .

1	( in millions )	2011	2010

2	fair value	$ 99832	$ 81881

3	amortized cost	100013	82329

4	net unrealized loss pre-tax	$ -181 ( 181 )	$ -448 ( 448 )

5	net unrealized loss after-tax	$ -113 ( 113 )	$ -270 ( 270 )

Question: what is the percent change in fair value between 2010 and 2011?

Answer: 0.21923


impairment net unrealized losses on securities available for sale were as follows as of december 31: .

the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity .

these after-tax amounts are recorded in other comprehensive income .

the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities .

we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists .

to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component .

the credit component is recognized in our consolidated statement of income , and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security ( see note 3 of the notes to consolidated financial statements included under item 8 ) .

the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors , which are more fully described in note 3 .

such factors are based upon estimates , derived by management , which contemplate current market conditions and security-specific performance .

to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular the credit component that would be recognized in our consolidated statement of income .

national housing prices , according to the case-shiller national hpi , have declined to date approximately 30% ( 30 % ) peak-to-current .

management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010 , consistent with a peak-to-trough housing price decline of approximately 37% ( 37 % ) .

as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment , if we were to increase our default estimates to 110% ( 110 % ) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% ( 90 % ) of management 2019s current expectations , credit-related other-than-temporary impairment could increase by approximately $ 120 million to $ 125 million , which impairment would be recorded in our consolidated statement of income .

excluding the securities for which other-than-temporary impairment was recorded , management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities .

additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8. .

Question: what is the percent change of securities between 2008 and 2009?

Answer: 0.34223


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

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

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

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

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

Question: what was the percentage total cumulative return on investment for united parcel service inc . for the five years ended 12/31/06?

Answer: 0.4892


stock options and other stock plans we have 100962 options outstanding under the 1993 stock option and retention stock plan of union pacific corporation ( 1993 plan ) .

there are 7140 restricted shares outstanding under the 1992 restricted stock plan for non-employee directors of union pacific corporation .

we no longer grant options or awards of retention shares and units under these plans .

in april 2000 , the shareholders approved the union pacific corporation 2000 directors plan ( directors plan ) whereby 1100000 shares of our common stock were reserved for issuance to our non-employee directors .

under the directors plan , each non-employee director , upon his or her initial election to the board of directors , receives a grant of 2000 shares of retention shares or retention stock units .

prior to december 31 , 2007 , each non-employee director received annually an option to purchase at fair value a number of shares of our common stock , not to exceed 10000 shares during any calendar year , determined by dividing 60000 by 1/3 of the fair market value of one share of our common stock on the date of such board of directors meeting , with the resulting quotient rounded up or down to the nearest 50 shares .

as of december 31 , 2009 , 18000 restricted shares were outstanding under the directors plan and 292000 options were outstanding under the directors plan .

the union pacific corporation 2001 stock incentive plan ( 2001 plan ) was approved by the shareholders in april 2001 .

the 2001 plan reserved 24000000 shares of our common stock for issuance to eligible employees of the corporation and its subsidiaries in the form of non-qualified options , incentive stock options , retention shares , stock units , and incentive bonus awards .

non-employee directors were not eligible for awards under the 2001 plan .

as of december 31 , 2009 , 3366230 options were outstanding under the 2001 plan .

we no longer grant any stock options or other stock or unit awards under this plan .

the union pacific corporation 2004 stock incentive plan ( 2004 plan ) was approved by shareholders in april 2004 .

the 2004 plan reserved 42000000 shares of our common stock for issuance , plus any shares subject to awards made under the 2001 plan and the 1993 plan that were outstanding on april 16 , 2004 , and became available for regrant pursuant to the terms of the 2004 plan .

under the 2004 plan , non- qualified options , stock appreciation rights , retention shares , stock units , and incentive bonus awards may be granted to eligible employees of the corporation and its subsidiaries .

non-employee directors are not eligible for awards under the 2004 plan .

as of december 31 , 2009 , 8939710 options and 3778997 retention shares and stock units were outstanding under the 2004 plan .

pursuant to the above plans 33559150 ; 36961123 ; and 38601728 shares of our common stock were authorized and available for grant at december 31 , 2009 , 2008 , and 2007 , respectively .

stock options 2013 we estimate the fair value of our stock option awards using the black-scholes option pricing model .

groups of employees and non-employee directors that have similar historical and expected exercise behavior are considered separately for valuation purposes .

the table below shows the annual weighted-average assumptions used for valuation purposes : weighted-average assumptions 2009 2008 2007 .

Question: assuming a fmv of a share equal to 2000 , under the pre-december 31 , 2007 plan , approximately how many shares would each non-employee director receive annually?

Answer: 90.0


contingent consideration of up to $ 13.8 million .

the contingent consideration arrangement requires additional cash payments to the former equity holders of lyric upon the achievement of certain technological and product development milestones payable during the period from june 2011 through june 2016 .

the company estimated the fair value of the contingent consideration arrangement utilizing the income approach .

changes in the fair value of the contingent consideration subsequent to the acquisition date primarily driven by assumptions pertaining to the achievement of the defined milestones will be recognized in operating income in the period of the estimated fair value change .

as of october 29 , 2011 , no contingent payments have been made and the fair value of the contingent consideration was approximately $ 14.0 million .

the company allocated the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition , resulting in the recognition of $ 12.2 million of ipr&d , $ 18.9 million of goodwill and $ 3.3 million of net deferred tax liabilities .

the goodwill recognized is attributable to future technologies that have yet to be determined as well as the assembled workforce of lyric .

future technologies do not meet the criteria for recognition separately from goodwill because they are a part of future development and growth of the business .

none of the goodwill is expected to be deductible for tax purposes .

in addition , the company will be obligated to pay royalties to the former equity holders of lyric on revenue recognized from the sale of lyric products and licenses through the earlier of 20 years or the accrual of a maximum of $ 25 million .

royalty payments to lyric employees require post-acquisition services to be rendered and , as such , the company will record these amounts as compensation expense in the related periods .

as of october 29 , 2011 , no royalty payments have been made .

the company recognized $ 0.2 million of acquisition-related costs that were expensed in the third quarter of fiscal 2011 .

these costs are included in operating expenses in the consolidated statement of income .

the company has not provided pro forma results of operations for integrant , audioasics and lyric herein as they were not material to the company on either an individual or an aggregate basis .

the company included the results of operations of each acquisition in its consolidated statement of income from the date of such acquisition .

deferred compensation plan investments investments in the analog devices , inc .

deferred compensation plan ( the deferred compensation plan ) are classified as trading .

the components of the investments as of october 29 , 2011 and october 30 , 2010 were as follows: .

the fair values of these investments are based on published market quotes on october 29 , 2011 and october 30 , 2010 , respectively .

adjustments to the fair value of , and income pertaining to , deferred compensation plan investments are recorded in operating expenses .

gross realized and unrealized gains and losses from trading securities were not material in fiscal 2011 , 2010 or 2009 .

the company has recorded a corresponding liability for amounts owed to the deferred compensation plan participants ( see note 10 ) .

these investments are specifically designated as available to the company solely for the purpose of paying benefits under the deferred compensation plan .

however , in the event the company became insolvent , the investments would be available to all unsecured general creditors .

other investments other investments consist of equity securities and other long-term investments .

investments are stated at fair value , which is based on market quotes or on a cost-basis , dependent on the nature of the investment , as appropriate .

adjustments to the fair value of investments classified as available-for-sale are recorded as an increase or decrease analog devices , inc .

notes to consolidated financial statements 2014 ( continued ) .

1		2011	2010

2	money market funds	$ 17187	$ 1840

3	mutual funds	9223	6850

4	total deferred compensation plan investments	$ 26410	$ 8690

Question: what was the percentage increase of total deferred compensation plan investments from 2010 to 2011?\\n

Answer: 2.03913


the analysis of our depreciation studies .

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

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

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

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

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

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

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

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

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

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

however , many of our assets are self-constructed .

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

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

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

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

general and administrative expenditures are expensed as incurred .

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

these costs are allocated using appropriate statistical bases .

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

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

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

accounts payable and other current liabilities dec .

1	millions	dec . 31 2014	dec . 312013

2	accounts payable	$ 877	$ 803

3	dividends payable	438	356

4	income and other taxes payable	412	491

5	accrued wages and vacation	409	385

6	accrued casualty costs	249	207

7	interest payable	178	169

8	equipment rents payable	100	96

9	other	640	579

10	total accounts payable and othercurrent liabilities	$ 3303	$ 3086

Question: what was the percentage change in total expense for repairs and maintenance from 2013 to 2014?

Answer: 0.04348


the notional amount of these unfunded letters of credit was $ 1.4 billion as of december 31 , 2008 and december 31 , 2007 .

the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31 , 2008 and december 31 , 2007 .

these items have been classified appropriately in trading account assets or trading account liabilities on the consolidated balance sheet .

changes in fair value of these items are classified in principal transactions in the company 2019s consolidated statement of income .

other items for which the fair-value option was selected in accordance with sfas 159 the company has elected the fair-value option for the following eligible items , which did not affect opening retained earnings : 2022 certain credit products ; 2022 certain investments in private equity and real estate ventures and certain equity-method investments ; 2022 certain structured liabilities ; 2022 certain non-structured liabilities ; and 2022 certain mortgage loans certain credit products citigroup has elected the fair-value option for certain originated and purchased loans , including certain unfunded loan products , such as guarantees and letters of credit , executed by citigroup 2019s trading businesses .

none of these credit products is a highly leveraged financing commitment .

significant groups of transactions include loans and unfunded loan products that are expected to be either sold or securitized in the near term , or transactions where the economic risks are hedged with derivative instruments such as purchased credit default swaps or total return swaps where the company pays the total return on the underlying loans to a third party .

citigroup has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications .

fair value was not elected for most lending transactions across the company , including where those management objectives would not be met .

the following table provides information about certain credit products carried at fair value: .

in millions of dollars trading assets loans trading assets loans carrying amount reported on the consolidated balance sheet $ 16254 $ 2315 $ 26020 $ 3038 aggregate unpaid principal balance in excess of fair value $ 6501 $ 3 $ 899 $ ( 5 ) balance on non-accrual loans or loans more than 90 days past due $ 77 $ 1113 $ 186 $ 1292 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 190 $ ( 4 ) $ 68 $ 2014 in addition to the amounts reported above , $ 72 million and $ 141 million of unfunded loan commitments related to certain credit products selected for fair-value accounting were outstanding as of december 31 , 2008 and december 31 , 2007 , respectively .

changes in fair value of funded and unfunded credit products are classified in principal transactions in the company 2019s consolidated statement of income .

related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loans depending on their balance sheet classifications .

the changes in fair value for the years ended december 31 , 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $ 38 million and $ 188 million , respectively .

certain investments in private equity and real estate ventures and certain equity method investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation .

the company has elected the fair-value option for certain of these ventures , because such investments are considered similar to many private equity or hedge fund activities in our investment companies , which are reported at fair value .

the fair-value option brings consistency in the accounting and evaluation of certain of these investments .

as required by sfas 159 , all investments ( debt and equity ) in such private equity and real estate entities are accounted for at fair value .

these investments are classified as investments on citigroup 2019s consolidated balance sheet .

citigroup also holds various non-strategic investments in leveraged buyout funds and other hedge funds that previously were required to be accounted for under the equity method .

the company elected fair-value accounting to reduce operational and accounting complexity .

since the funds account for all of their underlying assets at fair value , the impact of applying the equity method to citigroup 2019s investment in these funds was equivalent to fair-value accounting .

thus , this fair-value election had no impact on opening retained earnings .

these investments are classified as other assets on citigroup 2019s consolidated balance sheet .

changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income .

certain structured liabilities the company has elected the fair-value option for certain structured liabilities whose performance is linked to structured interest rates , inflation or currency risks ( 201cstructured liabilities 201d ) .

the company elected the fair- value option , because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis .

these positions will continue to be classified as debt , deposits or derivatives ( trading account liabilities ) on the company 2019s consolidated balance sheet according to their legal form .

for those structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 277 million as of december 31 , 2008 and $ 7 million as of december 31 , 2007 .

the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income .

related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement .

certain non-structured liabilities the company has elected the fair-value option for certain non-structured liabilities with fixed and floating interest rates ( 201cnon-structured liabilities 201d ) . .

1	in millions of dollars	2008 trading assets	2008 loans	2008 trading assets	loans

2	carrying amount reported on the consolidated balance sheet	$ 16254	$ 2315	$ 26020	$ 3038

3	aggregate unpaid principal balance in excess of fair value	$ 6501	$ 3	$ 899	$ -5 ( 5 )

4	balance on non-accrual loans or loans more than 90 days past due	$ 77	$ 1113	$ 186	$ 1292

5	aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue	$ 190	$ -4 ( 4 )	$ 68	$ 2014

Question: what was the percentage of carrying amount reported on the consolidated balance sheet trading assets from 2007 to 2008?

Answer: -0.37533


64 | 2017 form 10-k notes to consolidated financial statements 1 .

operations and summary of significant accounting policies a .

nature of operations information in our financial statements and related commentary are presented in the following categories : machinery , energy & transportation ( me&t ) 2013 represents the aggregate total of construction industries , resource industries , energy & transportation and all other operating segments and related corporate items and eliminations .

financial products 2013 primarily includes the company 2019s financial products segment .

this category includes caterpillar financial services corporation ( cat financial ) , caterpillar insurance holdings inc .

( insurance services ) and their respective subsidiaries .

our products are sold primarily under the brands 201ccaterpillar , 201d 201ccat , 201d design versions of 201ccat 201d and 201ccaterpillar , 201d 201cemd , 201d 201cfg wilson , 201d 201cmak , 201d 201cmwm , 201d 201cperkins , 201d 201cprogress rail , 201d 201csem 201d and 201csolar turbines 201d .

we conduct operations in our machinery , energy & transportation lines of business under highly competitive conditions , including intense price competition .

we place great emphasis on the high quality and performance of our products and our dealers 2019 service support .

although no one competitor is believed to produce all of the same types of equipment that we do , there are numerous companies , large and small , which compete with us in the sale of each of our products .

our machines are distributed principally through a worldwide organization of dealers ( dealer network ) , 48 located in the united states and 123 located outside the united states , serving 192 countries .

reciprocating engines are sold principally through the dealer network and to other manufacturers for use in products .

some of the reciprocating engines manufactured by our subsidiary perkins engines company limited , are also sold through its worldwide network of 93 distributors covering 182 countries .

the fg wilson branded electric power generation systems primarily manufactured by our subsidiary caterpillar northern ireland limited are sold through its worldwide network of 154 distributors covering 131 countries .

some of the large , medium speed reciprocating engines are also sold a0 under the mak brand through a worldwide network of 20 distributors covering 130 countries .

our dealers do not deal exclusively with our products ; however , in most cases sales and servicing of our products are the dealers 2019 principal business .

some products , primarily turbines and locomotives , are sold directly to end customers through sales forces employed by the company .

at times , these employees are assisted by independent sales representatives .

the financial products line of business also conducts operations under highly competitive conditions .

financing for users of caterpillar products is available through a variety of competitive sources , principally commercial banks and finance and leasing companies .

we offer various financing plans designed to increase the opportunity for sales of our products and generate financing income for our company .

a significant portion of financial products activity is conducted in north america , with additional offices in latin america , asia/pacific , europe , africa and middle east .

basis of presentation the consolidated financial statements include the accounts of caterpillar a0 inc .

and its subsidiaries where we have a controlling financial interest .

investments in companies where our ownership exceeds 20 percent and we do not have a controlling interest or where the ownership is less than 20 percent and for which we have a significant influence are accounted for by the equity method .

we consolidate all variable interest entities ( vies ) where caterpillar inc .

for vies , we assess whether we are the primary beneficiary as prescribed by the accounting guidance on the consolidation of vies .

the primary beneficiary of a vie is the party that has both the power to direct the activities that most significantly impact the entity 2019s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the vie .

see note 21 for further discussion on a consolidated vie .

we have affiliates , suppliers and dealers that are vies of which we are not the primary beneficiary .

although we have provided financial support , we do not have the power to direct the activities that most significantly impact the economic performance of each entity .

our maximum exposure to loss from vies for which we are not the primary beneficiary was as follows: .

in addition , cat financial has end-user customers that are vies of which we are not the primary beneficiary .

although we have provided financial support to these entities and therefore have a variable interest , we do not have the power to direct the activities that most significantly impact their economic performance .

our maximum exposure to loss from our involvement with these vies is limited to the credit risk inherently present in the financial support that we have provided .

these risks are evaluated and reflected in our financial statements as part of our overall portfolio of finance receivables and related allowance for credit losses. .

1	( millions of dollars )	december 31 , 2017	december 31 , 2016

2	receivables - trade and other	$ 34	$ 55

3	receivables - finance	42	174

4	long-term receivables - finance	38	246

5	investments in unconsolidated affiliated companies	39	31

6	guarantees	259	210

7	total	$ 412	$ 716

Question: what was the growth rate of maximum exposure to loss from vies from 2016 to 2017?

Answer: -0.42458


jpmorgan chase & co./2014 annual report 63 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co .

( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index .

the s&p 500 index is a commonly referenced u.s .

equity benchmark consisting of leading companies from different economic sectors .

the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s .

and is composed of 24 leading national money center and regional banks and thrifts .

the s&p financial index is an index of 85 financial companies , all of which are components of the s&p 500 .

the firm is a component of all three industry indices .

the following table and graph assume simultaneous investments of $ 100 on december 31 , 2009 , in jpmorgan chase common stock and in each of the above indices .

the comparison assumes that all dividends are reinvested .

Question: what is the total return of the jpmorgan chase & co . stock over the above refernced five year period?

Answer: 0.6748


instead , companies will be required to account for such transactions using a fair-value method and recognize the related expense associated with share-based payments in the statement of operations .

sfas 123r is effective for us as of january 1 , 2006 .

we have historically accounted for share-based payments to employees under apb no .

as such , we generally have not recognized compensation expense for options granted to employees .

we will adopt the provisions of sfas 123r under the modified prospective method , in which compensation cost for all share-based payments granted or modified after the effective date is recognized based upon the requirements of sfas 123r , and compensation cost for all awards granted to employees prior to the effective date that are unvested as of the effective date of sfas 123r is recognized based on sfas 123 .

tax benefits will be recognized related to the cost for share-based payments to the extent the equity instrument would ordinarily result in a future tax deduction under existing law .

tax expense will be recognized to write off excess deferred tax assets when the tax deduction upon settlement of a vested option is less than the expense recorded in the statement of operations ( to the extent not offset by prior tax credits for settlements where the tax deduction was greater than the fair value cost ) .

we estimate that we will recognize equity-based compensation expense of approximately $ 35 million to $ 38 million for the year ending december 31 , 2006 .

this amount is subject to revisions as we finalize certain assumptions related to 2006 , including the size and nature of awards and forfeiture rates .

sfas 123r also requires the benefits of tax deductions in excess of recognized compensation cost be reported as a financing cash flow rather than as operating cash flow as was previously required .

we cannot estimate what the future tax benefits will be as the amounts depend on , among other factors , future employee stock option exercises .

due to the our tax loss position , there was no operating cash inflow realized for december 31 , 2005 and 2004 for such excess tax deductions .

in march 2005 , the sec issued staff accounting bulletin ( sab ) no .

107 regarding the staff 2019s interpretation of sfas 123r .

this interpretation provides the staff 2019s views regarding interactions between sfas 123r and certain sec rules and regulations and provides interpretations of the valuation of share-based payments for public companies .

the interpretive guidance is intended to assist companies in applying the provisions of sfas 123r and investors and users of the financial statements in analyzing the information provided .

we will follow the guidance prescribed in sab no .

107 in connection with our adoption of sfas 123r .

information presented pursuant to the indentures of our 7.50% ( 7.50 % ) notes , 7.125% ( 7.125 % ) notes and ati 7.25% ( 7.25 % ) the following table sets forth information that is presented solely to address certain tower cash flow reporting requirements contained in the indentures for our 7.50% ( 7.50 % ) notes , 7.125% ( 7.125 % ) notes and ati 7.25% ( 7.25 % ) notes .

the information contained in note 19 to our consolidated financial statements is also presented to address certain reporting requirements contained in the indenture for our ati 7.25% ( 7.25 % ) notes .

the following table presents tower cash flow , adjusted consolidated cash flow and non-tower cash flow for the company and its restricted subsidiaries , as defined in the indentures for the applicable notes ( in thousands ) : .

1	tower cash flow for the three months ended december 31 2005	$ 139590

2	consolidated cash flow for the twelve months ended december 31 2005	$ 498266

3	less : tower cash flow for the twelve months ended december 31 2005	-524804 ( 524804 )

4	plus : four times tower cash flow for the three months ended december 31 2005	558360

5	adjusted consolidated cash flow for the twelve months ended december 31 2005	$ 531822

6	non-tower cash flow for the twelve months ended december 31 2005	$ -30584 ( 30584 )

Question: what portion of the adjusted consolidated cash flow for the twelve months ended december 31 , 2005 is related to non-tower cash flow?

Answer: -0.05751


equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2017 .

equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 448859 $ 0.00 4087587 equity compensation plans not approved by security holders ( 2 ) 2014 2014 2014 .

( 1 ) includes grants made under the huntington ingalls industries , inc .

2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .

2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .

of these shares , 27123 were stock rights granted under the 2011 plan .

in addition , this number includes 28763 stock rights , 3075 restricted stock rights , and 389898 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .

( 2 ) there are no awards made under plans not approved by security holders .

certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year .

principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .

1	plan category	number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )	weighted-average exercise price of outstanding optionswarrants and rights	number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )

2	equity compensation plans approved by security holders	448859	$ 0.00	4087587

3	equity compensation plans not approved by security holders ( 2 )	2014	2014	2014

4	total	448859	$ 0.00	4087587

Question: what portion of the equity compensation plan approved by security holders is to be issued upon the exercise of options warrants and rights?

Answer: 0.09895


at december 31 , 2012 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows: .

( a ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquis- ition of weyerhaeuser company 2019s containerboard , packaging and recycling business .

rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .

guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .

where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .

environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , includ- ing the comprehensive environmental response , compensation and liability act ( cercla ) .

many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .

while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .

remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .

international paper has estimated the probable liability associated with these matters to be approximately $ 92 million in the aggregate at december 31 , 2012 .

one of the matters referenced above is a closed wood treating facility located in cass lake , minneso- ta .

during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasi- bility study .

in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .

the overall remediation reserve for the site is currently $ 48 mil- lion to address this selection of an alternative for the soil remediation component of the overall site remedy .

in october 2011 , the epa released a public statement indicating that the final soil remedy deci- sion would be delayed .

in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and sig- nificantly higher than amounts currently recorded .

in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to per- form a natural resource damage assessment .

it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .

in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .

other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .

the company is a potentially responsible party with respect to the allied paper , inc./portage creek/ kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .

the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the river , including a paper mill formerly owned by st .

the company is a successor in interest to st .

international paper has not received any orders from the epa with respect to the site and is in the process of collecting information from the epa and other parties relative to the kalamazoo river superfund site to evaluate the extent of its liability , if any , with respect to the site .

accordingly , it is pre- mature to estimate a loss or range of loss with respect to this site .

also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the kalamazoo river super- fund site .

the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the com- plaint , and for future remediation costs .

the suit alleges that a mill , during the time it was allegedly owned and operated by st .

regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling .

also named as defendants in the suit are ncr corporation and weyerhaeuser company .

Question: what was the change in rent expenses between 2011 and 2012?

Answer: 26.0


( a ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquis- ition of weyerhaeuser company 2019s containerboard , packaging and recycling business .

rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .

guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .

where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .

environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , includ- ing the comprehensive environmental response , compensation and liability act ( cercla ) .

many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .

while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .

remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .

international paper has estimated the probable liability associated with these matters to be approximately $ 92 million in the aggregate at december 31 , 2012 .

one of the matters referenced above is a closed wood treating facility located in cass lake , minneso- ta .

during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasi- bility study .

in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .

the overall remediation reserve for the site is currently $ 48 mil- lion to address this selection of an alternative for the soil remediation component of the overall site remedy .

in october 2011 , the epa released a public statement indicating that the final soil remedy deci- sion would be delayed .

in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and sig- nificantly higher than amounts currently recorded .

in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to per- form a natural resource damage assessment .

it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .

in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .

other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .

the company is a potentially responsible party with respect to the allied paper , inc./portage creek/ kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .

the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the river , including a paper mill formerly owned by st .

the company is a successor in interest to st .

international paper has not received any orders from the epa with respect to the site and is in the process of collecting information from the epa and other parties relative to the kalamazoo river superfund site to evaluate the extent of its liability , if any , with respect to the site .

accordingly , it is pre- mature to estimate a loss or range of loss with respect to this site .

also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the kalamazoo river super- fund site .

the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the com- plaint , and for future remediation costs .

the suit alleges that a mill , during the time it was allegedly owned and operated by st .

regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling .

also named as defendants in the suit are ncr corporation and weyerhaeuser company .

Question: what was the change in rent expenses between 2010 and 2011?

Answer: -5.0