blackrock serves retail and hnw investors globally through separate accounts , open-end and closed-end funds , unit trusts and private investment funds .

at december 31 , 2012 , long-term assets managed for retail and hnw investors totaled $ 403.5 billion , up 11% ( 11 % ) , or $ 40.1 billion , versus year-end 2011 .

during the year , net inflows of $ 11.6 billion in long-term products were augmented by market valuation improvements of $ 28.3 billion .

retail and hnw investors are served principally through intermediaries , including broker-dealers , banks , trust companies , insurance companies and independent financial advisors .

clients invest primarily in mutual funds , which totaled $ 322.4 billion , or 80% ( 80 % ) , of retail and hnw long-term aum at year-end , with the remainder invested in private investment funds and separately managed accounts .

the product mix is well diversified , with 41% ( 41 % ) of long-term aum in equities , 34% ( 34 % ) in fixed income , 23% ( 23 % ) in multi-asset class and 2% ( 2 % ) in alternatives .

the vast majority ( 98% ( 98 % ) ) of long-term aum is invested in active products , although this is partially inflated by the fact that ishares is shown separately , since we do not identify all of the underlying investors .

the client base is also diversified geographically , with 74% ( 74 % ) of long-term aum managed for investors based in the americas , 19% ( 19 % ) in emea and 7% ( 7 % ) in asia-pacific at year- end 2012 .

retail and hnw long-term inflows of $ 9.8 billion were driven by strong demand for u.s .

sector- specialty and municipal fixed income mutual fund offerings and income-oriented equity .

in 2012 , we broadened the distribution of alternatives funds to bring higher alpha , institutional quality hedge fund products to retail investors as three mutual funds launched at the end of 2011 gained traction and acceptance , raising close to $ 0.8 billion of assets .

retail alternatives aum crossed the $ 5.0 billion threshold in 2012 .

the year also included the launch of the blackrock municipal target term trust ( 201cbtt 201d ) with $ 2.1 billion of assets raised , making it the largest municipal fund ever launched and the largest overall industry offering since 2007 .

manager by aum of separately managed accounts , the second largest closed-end fund manager and a top-ten manager of long-term open-end mutual funds2 .

2022 international retail net inflows of $ 1.8 billion in 2012 were driven by fixed income net inflows of $ 5.2 billion .

investor demand remained distinctly risk-off in 2012 , largely driven by macro political and economic instability and continued trends toward de-risking .

equity net outflows of $ 2.9 billion were predominantly from sector-specific and regional and country- specific equity strategies due to uncertainty in european markets .

our international retail and hnw offerings include our luxembourg cross-border fund families , blackrock global funds ( 201cbgf 201d ) , blackrock strategic funds with $ 83.1 billion and $ 2.4 billion of aum at year-end 2012 , respectively , and a range of retail funds in the united kingdom .

bgf contained 67 funds registered in 35 jurisdictions at year-end 2012 .

over 60% ( 60 % ) of the funds were rated by s&p .

in 2012 , we were ranked as the third largest cross border fund provider3 .

in the united kingdom , we ranked among the five largest fund managers3 , and are known for our innovative product offerings , especially within natural resources , european equity , asian equity and equity income .

global clientele our footprint in each of these regions reflects strong relationships with intermediaries and an established ability to deliver our global investment expertise in funds and other products tailored to local regulations and requirements .

Question: what is the long-term retail/hnw in emea as a percentage of the total long-term retail/hnw?

Answer: 0.19257


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

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

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

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

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

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

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

Question: what is the percentage decrease in total liability from dec 31 2007 to dec 31 2008?

Answer: 56.75676


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


Question: did the five year total return on ball corporation outperform the dj containers & packaging index?

Answer: 1.0


entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to : fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding ; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates ; and fffd lower interest earned on declining deferred fuel balances .

the decrease in interest charges in 2002 is primarily due to : fffd a decrease of $ 31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002 ; and fffd a decrease of $ 76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001 .

2001 compared to 2000 results for the year ended december 31 , 2001 for u.s .

utility were also affected by an increase in interest charges of $ 61.5 million primarily due to : fffd the final ferc order addressing the 1995 system energy rate filing ; fffd debt issued at entergy arkansas in july 2001 , at entergy gulf states in june 2000 and august 2001 , at entergy mississippi in january 2001 , and at entergy new orleans in july 2000 and february 2001 ; and fffd borrowings under credit facilities during 2001 , primarily at entergy arkansas .

non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively .

the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 .

following are key performance measures for non-utility nuclear: .

2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .

1		2002	2001	2000

2	net mw in operation at december 31	3955	3445	2475

3	generation in gwh for the year	29953	22614	7171

4	capacity factor for the year	93% ( 93 % )	93% ( 93 % )	94% ( 94 % )

Question: what was the percent of the increase in non-utility nuclear earnings in 2002

Answer: 0.57031


our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .

our co-headquarters are leased and house our executive offices , certain u.s .

business units , and our administrative , finance , and human resource functions .

we maintain additional owned and leased offices throughout the regions in which we operate .

we manufacture our products in our network of manufacturing and processing facilities located throughout the world .

as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .

we own 83 and lease four of these facilities .

our manufacturing and processing facilities count by segment as of december 31 , 2016 was: .

we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .

we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .

in the fourth quarter of 2016 , we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment .

we have reflected this change in the table above .

see note 18 , segment reporting , to the consolidated financial statements for additional information .

several of our current manufacturing and processing facilities are scheduled to be closed within the next year .

see note 3 , integration and restructuring expenses , to the consolidated financial statements for additional information .

we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .

on april 1 , 2015 , the commodity futures trading commission ( 201ccftc 201d ) filed a formal complaint against mondel 0113z international ( formerly known as kraft foods inc. ) and kraft in the u.s .

district court for the northern district of illinois , eastern division , related to activities involving the trading of december 2011 wheat futures contracts .

the complaint alleges that mondel 0113z international and kraft ( 1 ) manipulated or attempted to manipulate the wheat markets during the fall of 2011 , ( 2 ) violated position limit levels for wheat futures , and ( 3 ) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts .

as previously disclosed by kraft , these activities arose prior to the october 1 , 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates .

the separation and distribution agreement between kraft and mondel 0113z international , dated as of september 27 , 2012 , governs the allocation of liabilities between mondel 0113z international and kraft and , accordingly , mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose .

we do not expect this matter to have a material adverse effect on our financial condition , results of operations , or business .

while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .

1		owned	leased

2	united states	43	2

3	canada	3	2014

4	europe	11	2014

5	rest of world	26	2

Question: what portion of the company owned facilities are located in europe?

Answer: 0.13253


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: in 2011 what was the amount of tax related to the unrealized losses reclassifications totaled $ 303 million , or $ 189 million after-tax,

Answer: 114.0


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 .

Question: what was the percentage change in the fair value from 2010 to 2011

Answer: 0.21923


market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2015 .

the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2010 and that all dividends were reinvested. .

( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r .

berkley corporation , the chubb corporation , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p .

( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd .

dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 .

regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014. .

Question: what is the roi of an investment in loews common stock from 2010 to 2011?

Answer: -0.0263


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


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 ) : .

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

Answer: 1.0499


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 2007 to 2008?

Answer: 0.04239


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

these materials are available from a number of sources .

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

Question: in 2017 what was amount net sales applicable to international market in millions

Answer: 1320.825


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Answer: 0.0289


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

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

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

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

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

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

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

1	2010	high	low

2	quarter ended march 31	$ 44.61	$ 40.10

3	quarter ended june 30	45.33	38.86

4	quarter ended september 30	52.11	43.70

5	quarter ended december 31	53.14	49.61

6	2009	high	low

7	quarter ended march 31	$ 32.53	$ 25.45

8	quarter ended june 30	34.52	27.93

9	quarter ended september 30	37.71	29.89

10	quarter ended december 31	43.84	35.03

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

Answer: 0.06756


Question: on february 112011 what was the market capitalization

Answer: 22556579533.35


the aes corporation notes to consolidated financial statements december 31 , 2016 , 2015 , and 2014 the following table summarizes the company's redeemable stock of subsidiaries balances as of the periods indicated ( in millions ) : .

_____________________________ ( 1 ) characteristics of quotas are similar to common stock .

colon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million .

any subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable .

ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock .

the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 .

certain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share .

holders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters .

based on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity .

dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl .

the dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends .

in addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends .

based on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity .

in september 2016 , it became probable that the preferred shares would become redeemable .

as such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million .

in october 2016 , dp&l redeemed all of its preferred shares .

upon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist .

ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake .

in april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) .

as a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity .

the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value .

no gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate .

in march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) .

the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value .

in june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment .

any subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .

1	december 31,	2016	2015

2	ipalco common stock	$ 618	$ 460

3	colon quotas ( 1 )	100	2014

4	ipl preferred stock	60	60

5	other common stock	4	2014

6	dpl preferred stock	2014	18

7	total redeemable stock of subsidiaries	$ 782	$ 538

Question: for the ipl cumulative preferred stock , what was the dividend rate at december 31 , 2016 and 2015?

Answer: 0.05


_____________________________ ( 1 ) characteristics of quotas are similar to common stock .

colon 2014 during the year ended december 31 , 2016 , our partner in colon increased their ownership from 25% ( 25 % ) to 49.9% ( 49.9 % ) and made capital contributions of $ 106 million .

any subsequent adjustments to allocate earnings and dividends to our partner , or measure the investment at fair value , will be classified as temporary equity each reporting period as it is probable that the shares will become redeemable .

ipl 2014 ipl had $ 60 million of cumulative preferred stock outstanding at december 31 , 2016 and 2015 , which represented five series of preferred stock .

the total annual dividend requirements were approximately $ 3 million at december 31 , 2016 and 2015 .

certain series of the preferred stock were redeemable solely at the option of the issuer at prices between $ 100 and $ 118 per share .

holders of the preferred stock are entitled to elect a majority of ipl's board of directors if ipl has not paid dividends to its preferred stockholders for four consecutive quarters .

based on the preferred stockholders' ability to elect a majority of ipl's board of directors in this circumstance , the redemption of the preferred shares is considered to be not solely within the control of the issuer and the preferred stock is considered temporary equity .

dpl 2014 dpl had $ 18 million of cumulative preferred stock outstanding as of december 31 , 2015 , which represented three series of preferred stock issued by dp&l , a wholly-owned subsidiary of dpl .

the dp&l preferred stock was redeemable at dp&l's option as determined by its board of directors at per-share redemption prices between $ 101 and $ 103 per share , plus cumulative preferred dividends .

in addition , dp&l's amended articles of incorporation contained provisions that permitted preferred stockholders to elect members of the dp&l board of directors in the event that cumulative dividends on the preferred stock are in arrears in an aggregate amount equivalent to at least four full quarterly dividends .

based on the preferred stockholders' ability to elect members of dp&l's board of directors in this circumstance , the redemption of the preferred shares was considered to be not solely within the control of the issuer and the preferred stock was considered temporary equity .

in september 2016 , it became probable that the preferred shares would become redeemable .

as such , the company recorded an adjustment of $ 5 million to retained earnings to adjust the preferred shares to their redemption value of $ 23 million .

in october 2016 , dp&l redeemed all of its preferred shares .

upon redemption , the preferred shares were no longer outstanding and all rights of the holders thereof as shareholders of dp&l ceased to exist .

ipalco 2014 in february 2015 , cdpq purchased 15% ( 15 % ) of aes us investment , inc. , a wholly-owned subsidiary that owns 100% ( 100 % ) of ipalco , for $ 247 million , with an option to invest an additional $ 349 million in ipalco through 2016 in exchange for a 17.65% ( 17.65 % ) equity stake .

in april 2015 , cdpq invested an additional $ 214 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 24.90% ( 24.90 % ) .

as a result of these transactions , $ 84 million in taxes and transaction costs were recognized as a net decrease to equity .

the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of 377 million for the excess of the fair value of the shares over their book value .

no gain or loss was recognized in net income as the transaction was not considered to be a sale of in-substance real estate .

in march 2016 , cdpq exercised its remaining option by investing $ 134 million in ipalco , which resulted in cdpq's combined direct and indirect interest in ipalco of 30% ( 30 % ) .

the company also recognized an increase to additional paid-in capital and a reduction to retained earnings of $ 84 million for the excess of the fair value of the shares over their book value .

in june 2016 , cdpq contributed an additional $ 24 million to ipalco , with no impact to the ownership structure of the investment .

any subsequent adjustments to allocate earnings and dividends to cdpq will be classified as nci within permanent equity as it is not probable that the shares will become redeemable. .

Question: what was the change in millions of ipalco common stock from 2015 to 2016?

Answer: 158.0


federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2005 reconciliation of accumulated depreciation and amortization .

1	balance december 31 2002	$ 450697000

2	additions during period 2014depreciation and amortization expense	68125000

3	deductions during period 2014disposition and retirements of property	-4645000 ( 4645000 )

4	balance december 31 2003	514177000

5	additions during period 2014depreciation and amortization expense	82551000

6	deductions during period 2014disposition and retirements of property	-1390000 ( 1390000 )

7	balance december 31 2004	595338000

8	additions during period 2014depreciation and amortization expense	83656000

9	deductions during period 2014disposition and retirements of property	-15244000 ( 15244000 )

10	balance december 31 2005	$ 663750000

Question: what is the increase observed in the balance at the end of the year during 2005 and 2004?

Answer: 0.11491


increased investment in programming to support subscriber growth , higher offer costs and continued investment in presto , partially offset by lower depreciation expense resulting from foxtel 2019s reassessment of the useful lives of cable and satellite installations .

net income decreased as a result of the lower operating income noted above , partially offset by lower income tax expense .

( b ) other equity affiliates , net for the fiscal year ended june 30 , 2016 includes losses primarily from the company 2019s interests in draftstars and elara technologies , which owns proptiger .

interest , net 2014interest , net for the fiscal year ended june 30 , 2016 decreased $ 13 million , or 23% ( 23 % ) , as compared to fiscal 2015 , primarily due to the negative impact of foreign currency fluctuations and interest expense associated with the rea facility .

( see note 9 to the consolidated financial statements ) .

other , net 2014 for the fiscal years ended june 30 .

( a ) rea group recognized a gain of $ 29 million resulting from the revaluation of its previously held equity interest in iproperty during the fiscal year ended june 30 , 2016 .

( see note 3 to the consolidated financial statements ) .

( b ) the company recorded write-offs and impairments of certain investments in the fiscal years ended june 30 , 2016 and 2015 .

these write-offs and impairments were taken either as a result of the deteriorating financial position of the investee or due to an other-than-temporary impairment resulting from sustained losses and limited prospects for recovery .

( see note 6 to the consolidated financial statements. ) ( c ) in august 2014 , rea group completed the sale of a minority interest held in marketable securities for total cash consideration of $ 104 million .

as a result of the sale , rea group recognized a pre-tax gain of $ 29 million , which was reclassified out of accumulated other comprehensive income and included in other , net in the statement of operations .

income tax benefit ( expense ) 2014the company 2019s income tax benefit and effective tax rate for the fiscal year ended june 30 , 2016 were $ 54 million and ( 30% ( 30 % ) ) , respectively , as compared to an income tax expense and effective tax rate of $ 185 million and 34% ( 34 % ) , respectively , for fiscal 2015 .

for the fiscal years ended june 30 , 2016 the company recorded a tax benefit of $ 54 million on pre-tax income of $ 181 million resulting in an effective tax rate that was lower than the u.s .

the lower tax rate was primarily due to a tax benefit of approximately $ 106 million related to the release of previously established valuation allowances related to certain u.s .

federal net operating losses and state deferred tax assets .

this benefit was recognized in conjunction with management 2019s plan to dispose of the company 2019s digital education business in the first quarter of fiscal 2016 , as the company now expects to generate sufficient u.s .

taxable income to utilize these deferred tax assets prior to expiration .

in addition , the effective tax rate was also impacted by the $ 29 million non-taxable gain resulting from the revaluation of rea group 2019s previously held equity interest in iproperty .

for the fiscal year ended june 30 , 2015 , the company 2019s effective tax rate was lower than the u.s .

statutory tax rate primarily due to the impact from foreign operations which are subject to lower tax rates , partially offset by the impact of nondeductible items and changes in our accrued liabilities for uncertain tax positions .

( see note 18 to the consolidated financial statements ) . .

1	( in millions )	for the fiscal years ended june 30 , 2016	for the fiscal years ended june 30 , 2015

2	gain on iproperty transaction ( a )	$ 29	$ 2014

3	impairment of marketable securities and cost method investments ( b )	-21 ( 21 )	-5 ( 5 )

4	gain on sale of marketable securities ( c )	2014	29

5	dividends received from cost method investments	2014	25

6	gain on sale of cost method investments	2014	15

7	other	10	11

8	total other net	$ 18	$ 75

Question: what on the net interest reduction of 13 million or 23% ( 23 % ) compared to 2015 what was the interest amount in 2016 in millions

Answer: 69.52174


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Question: what is the percent change in annual long-term debt maturities from 2016 to 2017?

Answer: 1.83107


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

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

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

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

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

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

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

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

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

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

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

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

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

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

1	cash flowsmillions	2014	2013	2012

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

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

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

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

Question: what was the percentage change in cash provided by operating activities from 2013 to 2014?

Answer: 0.08237


management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .

following is an analysis of the change in net revenue comparing 2008 to 2007 .

the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007 .

entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31 , 2008 , compared to approximately 132000 electric customers and 86000 gas customers as of december 31 , 2007 .

billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007 , an increase of 4% ( 4 % ) .

the net gas revenue variance is primarily due to an increase in base rates in march and november 2007 .

refer to note 2 to the financial statements for a discussion of the base rate increase .

the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 .

the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account .

the settlement agreement is discussed in note 2 to the financial statements .

the base revenue variance is primarily due to a base rate recovery credit , effective january 2008 .

the base rate credit is discussed in note 2 to the financial statements .

gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to : an increase of $ 58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales ; an increase of $ 47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage ; and an increase of $ 22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007 .

fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand. .

1		amount ( in millions )

2	2007 net revenue	$ 231.0

3	volume/weather	15.5

4	net gas revenue	6.6

5	rider revenue	3.9

6	base revenue	-11.3 ( 11.3 )

7	other	7.0

8	2008 net revenue	$ 252.7

Question: what is the growth rate in net revenue in 2008 compare to 2007?

Answer: 0.09394


Question: what percent of the change between net revenue in 2007 and 2008 was due to rider revenue?

Answer: 0.17972


material impact on the service cost and interest cost components of net periodic benefit costs for a 1% ( 1 % ) change in the assumed health care trend rate .

for most of the participants in the u.s .

plan , aon 2019s liability for future plan cost increases for pre-65 and medical supplement plan coverage is limited to 5% ( 5 % ) per annum .

because of this cap , net employer trend rates for these plans are effectively limited to 5% ( 5 % ) per year in the future .

during 2007 , aon recognized a plan amendment which phases out post-65 retiree coverage in its u.s .

the impact of this amendment on net periodic benefit cost is being recognized over the average remaining service life of the employees .

stock compensation plans the following table summarizes stock-based compensation expense recognized in continuing operations in the consolidated statements of income in compensation and benefits ( in millions ) : .

during 2009 , the company converted its stock administration system to a new service provider .

in connection with this conversion , a reconciliation of the methodologies and estimates utilized was performed , which resulted in a $ 12 million reduction of expense for the year ended december 31 , 2009 .

stock awards stock awards , in the form of rsus , are granted to certain employees and consist of both performance-based and service-based rsus .

service-based awards generally vest between three and ten years from the date of grant .

the fair value of service-based awards is based upon the market value of the underlying common stock at the date of grant .

with certain limited exceptions , any break in continuous employment will cause the forfeiture of all unvested awards .

compensation expense associated with stock awards is recognized over the service period .

dividend equivalents are paid on certain service-based rsus , based on the initial grant amount .

performance-based rsus have been granted to certain employees .

vesting of these awards is contingent upon meeting various individual , divisional or company-wide performance conditions , including revenue generation or growth in revenue , pretax income or earnings per share over a one- to five-year period .

the performance conditions are not considered in the determination of the grant date fair value for these awards .

the fair value of performance-based awards is based upon the market price of the underlying common stock at the date of grant .

compensation expense is recognized over the performance period , and in certain cases an additional vesting period , based on management 2019s estimate of the number of units expected to vest .

compensation expense is adjusted to reflect the actual number of shares paid out at the end of the programs .

the actual payout of shares under these performance- based plans may range from 0-200% ( 0-200 % ) of the number of units granted , based on the plan .

dividend equivalents are generally not paid on the performance-based rsus .

during 2010 , the company granted approximately 1.6 million shares in connection with the completion of the 2007 leadership performance plan ( 2018 2018lpp 2019 2019 ) cycle and 84000 shares related to other performance plans .

during 2010 , 2009 and 2008 , the company granted approximately 3.5 million .

1	years ended december 31	2010	2009	2008

2	rsus	$ 138	$ 124	$ 132

3	performance plans	62	60	67

4	stock options	17	21	24

5	employee stock purchase plans	4	4	3

6	total stock-based compensation expense	221	209	226

7	tax benefit	75	68	82

8	stock-based compensation expense net of tax	$ 146	$ 141	$ 144

Question: what is the percentage increase in rsus from 2009 to 2010?

Answer: 0.1129


earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006 .

containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages .

converted products will be higher due to more shipping days , but expected softer demand should cause the ship- ments per day to decrease .

average sales price real- izations are expected to be comparable to fourth- quarter averages .

an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter .

costs for wood , energy , starch , adhesives and freight are expected to increase .

manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills .

euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs .

consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .

in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , manufacturing efficiency and product mix .

consumer packaging net sales increased 9% ( 9 % ) compared with 2005 and 7% ( 7 % ) compared with 2004 .

operating profits rose 8% ( 8 % ) from 2005 , but declined 15% ( 15 % ) from 2004 levels .

compared with 2005 , higher sales volumes ( $ 9 million ) , improved average sales price realizations ( $ 33 million ) , reduced lack-of-order downtime ( $ 18 million ) , and favorable mill oper- ations ( $ 25 million ) were partially offset by higher raw material costs ( $ 19 million ) and freight costs ( $ 21 million ) , unfavorable mix ( $ 14 million ) and other costs ( $ 21 million ) .

consumer packaging in millions 2006 2005 2004 .

coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .

sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .

in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .

average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .

operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .

the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .

foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .

sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .

operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .

raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .

shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .

sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .

average sales prices for the year were lower than in 2005 .

operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .

entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .

average sales price realizations are expected to rise with a price increase announced in january .

it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .

foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .

however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .

shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .

distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .

Question: in 2006 what percentage of consumer packaging sales were represented by foodservice net sales?

Answer: 0.1613


coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .

sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .

in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .

average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .

operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .

the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .

foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .

sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .

operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .

raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .

shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .

sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .

average sales prices for the year were lower than in 2005 .

operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .

entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .

average sales price realizations are expected to rise with a price increase announced in january .

it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .

foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .

however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .

shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .

distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .

Question: in 2005 what percentage of consumer packaging sales were represented by foodservice net sales?

Answer: 0.19465


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2	the prudential insurance company of america	$ 144618	$ 146507

3	unaffiliated life insurance company	34444	33860

Question: what is the percentage change in unaffiliated life insurance company from 2016 to 2017?

Answer: 0.01725


masco corporation notes to consolidated financial statements ( continued ) c .

acquisitions on march 9 , 2018 , we acquired substantially all of the net assets of the l.d .

( "kichler" ) , a leader in decorative residential and light commercial lighting products , ceiling fans and led lighting systems .

this business expands our product offerings to our customers .

the results of this acquisition for the period from the acquisition date are included in the consolidated financial statements and are reported in the decorative architectural products segment .

we recorded $ 346 million of net sales as a result of this acquisition during 2018 .

the purchase price , net of $ 2 million cash acquired , consisted of $ 549 million paid with cash on hand .

since the acquisition , we have revised the allocation of the purchase price to identifiable assets and liabilities based on analysis of information as of the acquisition date that has been made available through december 31 , 2018 .

the allocation will continue to be updated through the measurement period , if necessary .

the preliminary allocation of the fair value of the acquisition of kichler is summarized in the following table , in millions. .

the goodwill acquired , which is generally tax deductible , is related primarily to the operational and financial synergies we expect to derive from combining kichler's operations into our business , as well as the assembled workforce .

the other intangible assets acquired consist of $ 59 million of indefinite-lived intangible assets , which is related to trademarks , and $ 181 million of definite-lived intangible assets .

the definite-lived intangible assets consist of $ 145 million related to customer relationships , which is being amortized on a straight-line basis over 20 years , and $ 36 million of other definite-lived intangible assets , which is being amortized over a weighted average amortization period of three years .

in the fourth quarter of 2017 , we acquired mercury plastics , inc. , a plastics processor and manufacturer of water handling systems for appliance and faucet applications , for approximately $ 89 million in cash .

this business is included in the plumbing products segment .

this acquisition enhances our ability to develop faucet technology and provides continuity of supply of quality faucet components .

in connection with this acquisition , we recognized $ 38 million of goodwill , which is tax deductible , and is related primarily to the expected synergies from combining the operations into our business. .

1		initial	revised

2	receivables	$ 101	$ 100

3	inventories	173	166

4	prepaid expenses and other	5	5

5	property and equipment	33	33

6	goodwill	46	64

7	other intangible assets	243	240

8	accounts payable	-24 ( 24 )	-24 ( 24 )

9	accrued liabilities	-25 ( 25 )	-30 ( 30 )

10	other liabilities	-4 ( 4 )	-5 ( 5 )

11	total	$ 548	$ 549

Question: what are the total current assets of kichler included in the acquisition price with the revised version?

Answer: 273.0


Question: what portion of the revised purchase price of kichler is dedicated to goodwill?

Answer: 0.11658


quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .

from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .

derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .

interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .

the majority of our debt ( approximately 89% ( 89 % ) and 91% ( 91 % ) as of december 31 , 2015 and 2014 , respectively ) bears interest at fixed rates .

we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .

the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .

increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .

we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .

we do not have any interest rate swaps outstanding as of december 31 , 2015 .

we had $ 1509.7 of cash , cash equivalents and marketable securities as of december 31 , 2015 that we generally invest in conservative , short-term bank deposits or securities .

the interest income generated from these investments is subject to both domestic and foreign interest rate movements .

during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively .

based on our 2015 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 15.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels .

foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .

since we report revenues and expenses in u.s .

dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .

the primary foreign currencies that impacted our results during 2015 included the australian dollar , brazilian real , british pound sterling and euro .

based on 2015 exchange rates and operating results , if the u.s .

dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels .

the functional currency of our foreign operations is generally their respective local currency .

assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .

the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .

our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .

however , certain subsidiaries may enter into transactions in currencies other than their functional currency .

assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .

currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .

we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .

we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .

1	as of december 31,	increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates	increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates

2	2015	$ -33.7 ( 33.7 )	$ 34.7

3	2014	-35.5 ( 35.5 )	36.6

Question: what is the percentage change in interest income from 2014 to 2015?

Answer: -0.16788


debt the tables below summarize our outstanding debt at 30 september 2016 and 2015 : total debt .

the weighted average interest rate of short-term borrowings outstanding at 30 september 2016 and 2015 was 1.1% ( 1.1 % ) and .8% ( .8 % ) , respectively .

cash paid for interest , net of amounts capitalized , was $ 121.1 in 2016 , $ 97.5 in 2015 , and $ 132.4 in 2014. .

1	30 september	2016	2015

2	short-term borrowings	$ 935.8	$ 1494.3

3	current portion of long-term debt	371.3	435.6

4	long-term debt	4918.1	3949.1

5	total debt	$ 6225.2	$ 5879.0

6	short-term borrowings

7	30 september	2016	2015

8	bank obligations	$ 133.1	$ 234.3

9	commercial paper	802.7	1260.0

10	total short-term borrowings	$ 935.8	$ 1494.3

Question: considering the year 2016 , what is the short-term debt as a percent of total debt?

Answer: 0.20997


performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .

the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .

date pmi pmi peer group ( 1 ) s&p 500 index .

( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year .

the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .

the review also considered the primary international tobacco companies .

as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .

note : figures are rounded to the nearest $ 0.10. .

Question: what was the difference in percentage return for pmi common stock compared to the s&p 500 index for the five years ended 2018?

Answer: 0.538