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 .

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

Answer: 0.57031


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: in 2002 what was the ratio of the net mw in operation to the generation in gwh for the year

Answer: 0.13204


the following table sets forth information concerning increases in the total number of our aap stores during the past five years: .

( 1 ) does not include stores that opened as relocations of previously existing stores within the same general market area or substantial renovations of stores .

our store-based information systems are comprised of a proprietary and integrated point of sale , electronic parts catalog , or epc , and store-level inventory management system ( collectively "store system" ) .

information maintained by our store system is used to formulate pricing , marketing and merchandising strategies and to replenish inventory accurately and rapidly .

our fully integrated system enables our store team members to assist our customers in their parts selection and ordering based on the year , make , model and engine type of their vehicles .

our store system provides real-time inventory tracking at the store level allowing store team members to check the quantity of on-hand inventory for any sku , adjust stock levels for select items for store specific events , automatically process returns and defective merchandise , designate skus for cycle counts and track merchandise transfers .

if a hard-to-find part or accessory is not available at one of our stores , the store system can determine whether the part is carried and in-stock through our hub or pdq ae networks or can be ordered directly from one of our vendors .

available parts and accessories are then ordered electronically from another store , hub , pdq ae or directly from the vendor with immediate confirmation of price , availability and estimated delivery time .

our centrally-based epc data management system enables us to reduce the time needed to ( i ) exchange data with our vendors and ( ii ) catalog and deliver updated , accurate parts information .

we also support our store operations with additional proprietary systems and customer driven labor scheduling capabilities .

all of these systems are tightly integrated and provide real-time , comprehensive information to store personnel , resulting in improved customer service levels , team member productivity and in-stock availability .

we plan to start rolling out a new and enhanced epc in fiscal 2013 which is expected to simplify and improve the customer experience .

among the improvements is a more efficient way to systematically identify add-on sales to ensure our customers have what they need to complete their automotive repair project .

purchasing for virtually all of the merchandise for our stores is handled by our merchandise teams located in three primary locations : 2022 store support center in roanoke , virginia ; 2022 regional office in minneapolis , minnesota ; and 2022 global sourcing office in taipei , taiwan .

our roanoke team is primarily responsible for the parts categories and our minnesota team is primarily responsible for accessories , oil and chemicals .

our global sourcing team works closely with both teams .

in fiscal 2012 , we purchased merchandise from approximately 450 vendors , with no single vendor accounting for more than 9% ( 9 % ) of purchases .

our purchasing strategy involves negotiating agreements with most of our vendors to purchase merchandise over a specified period of time along with other terms , including pricing , payment terms and volume .

the merchandising team has developed strong vendor relationships in the industry and , in a collaborative effort with our vendor partners , utilizes a category management process where we manage the mix of our product offerings to meet customer demand .

we believe this process , which develops a customer-focused business plan for each merchandise category , and our global sourcing operation are critical to improving comparable store sales , gross margin and inventory productivity. .

Question: what is the growth rate in the number of stores during 2012?

Answer: 0.03353


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: for the quarter ended september 302010 what was the percentage change in the share price from the highest to the lowest

Answer: 0.19245


five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2007 , assuming that dividends were reinvested .

the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group .

snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .

( 1 ) assumes $ 100 was invested on december 31 , 2007 , and that dividends were reinvested quarterly .

( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 .

( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w .

cooper industries plc , a former member of the peer group , was removed , as it was acquired by a larger , non-comparable company in 2012 .

2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012 .

Question: what is the growth rate of snap's share price from 2007 to 2008?

Answer: -0.1634


the following table presents information regarding capital stock: .

cme group has no shares of preferred stock issued and outstanding .

members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access open outcry trading , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents .

each class of cme group class b common stock is associated with a membership in a specific division for trading at cme .

a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group .

the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below .

trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships .

members of cbot , nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits .

holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares .

these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections .

votes on changes to these core rights are weighted by class .

each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share .

the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights .

holders of shares of class a common stock do not have the right to vote on changes to core rights .

with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required .

in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share .

each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group .

these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights .

the cme group board of directors is currently comprised of 20 members .

holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders .

the remaining directors are elected by the class a and class b shareholders voting as a single class. .

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

2	class a common stock authorized	1000000	1000000

3	class a common stock issued and outstanding	339235	338240

4	class b-1 common stock authorized issued and outstanding	0.6	0.6

5	class b-2 common stock authorized issued and outstanding	0.8	0.8

6	class b-3 common stock authorized issued and outstanding	1.3	1.3

7	class b-4 common stock authorized issued and outstanding	0.4	0.4

Question: how many class a common stocks issued and outstanding were issued between 2016 and 2017 in thousands?

Answer: 995.0


cme group has no shares of preferred stock issued and outstanding .

members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access open outcry trading , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents .

each class of cme group class b common stock is associated with a membership in a specific division for trading at cme .

a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group .

the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below .

trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships .

members of cbot , nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits .

holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares .

these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections .

votes on changes to these core rights are weighted by class .

each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share .

the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights .

holders of shares of class a common stock do not have the right to vote on changes to core rights .

with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required .

in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share .

each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group .

these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights .

the cme group board of directors is currently comprised of 20 members .

holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders .

the remaining directors are elected by the class a and class b shareholders voting as a single class. .

Question: in 2017 what was the percent of the common stock authorized that was issued and outstanding for the class a common stock

Answer: 0.33924


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

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

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

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

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

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

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

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

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

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

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

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

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

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

1	type		face value ( e )	interest rate	issuance	maturity

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

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

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

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

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

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

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

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

Question: what was the total of euro notes issued in 2014 , in millions of dollars approximately?

Answer: 3098.0


note 10 2013 debt our long-term debt consisted of the following ( in millions ) : .

revolving credit facilities on october 9 , 2015 , we entered into a new $ 2.5 billion revolving credit facility ( the 5-year facility ) with various banks and concurrently terminated our existing $ 1.5 billion revolving credit facility , which was scheduled to expire in august 2019 .

the 5-year facility , which expires on october 9 , 2020 , is available for general corporate purposes .

the undrawn portion of the 5-year facility is also available to serve as a backup facility for the issuance of commercial paper .

we may request and the banks may grant , at their discretion , an increase in the borrowing capacity under the 5-year facility of up to an additional $ 500 million .

there were no borrowings outstanding under the 5-year facility as of and during the year ended december 31 , in contemplation of our acquisition of sikorsky , on october 9 , 2015 , we also entered into a 364-day revolving credit facility ( the 364-day facility , and together with the 5-year facility , the facilities ) with various banks that provided $ 7.0 billion of funding for general corporate purposes , including the acquisition of sikorsky .

concurrent with the consummation of the sikorsky acquisition , we borrowed $ 6.0 billion under the 364-day facility .

on november 23 , 2015 , we repaid all outstanding borrowings under the 364-day facility with proceeds received from an issuance of new debt ( see below ) and terminated any remaining commitments of the lenders under the 364-day facility .

borrowings under the facilities bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the facilities 2019 agreements .

each bank 2019s obligation to make loans under the 5-year facility is subject to , among other things , our compliance with various representations , warranties , and covenants , including covenants limiting our ability and certain of our subsidiaries 2019 ability to encumber assets and a covenant not to exceed a maximum leverage ratio , as defined in the five-year facility agreement .

as of december 31 , 2015 , we were in compliance with all covenants contained in the 5-year facility agreement , as well as in our debt agreements .

long-term debt on november 23 , 2015 , we issued $ 7.0 billion of notes ( the november 2015 notes ) in a registered public offering .

we received net proceeds of $ 6.9 billion from the offering , after deducting discounts and debt issuance costs , which are being amortized as interest expense over the life of the debt .

the november 2015 notes consist of : 2022 $ 750 million maturing in 2018 with a fixed interest rate of 1.85% ( 1.85 % ) ( the 2018 notes ) ; 2022 $ 1.25 billion maturing in 2020 with a fixed interest rate of 2.50% ( 2.50 % ) ( the 2020 notes ) ; 2022 $ 500 million maturing in 2023 with a fixed interest rate of 3.10% ( 3.10 % ) the 2023 notes ) ; 2022 $ 2.0 billion maturing in 2026 with a fixed interest rate of 3.55% ( 3.55 % ) ( the 2026 notes ) ; 2022 $ 500 million maturing in 2036 with a fixed interest rate of 4.50% ( 4.50 % ) ( the 2036 notes ) ; and 2022 $ 2.0 billion maturing in 2046 with a fixed interest rate of 4.70% ( 4.70 % ) ( the 2046 notes ) .

we may , at our option , redeem some or all of the november 2015 notes and unpaid interest at any time by paying the principal amount of notes being redeemed plus any make-whole premium and accrued and unpaid interest to the date of redemption .

interest is payable on the 2018 notes and the 2020 notes on may 23 and november 23 of each year , beginning on may 23 , 2016 ; on the 2023 notes and the 2026 notes on january 15 and july 15 of each year , beginning on july 15 , 2016 ; and on the 2036 notes and the 2046 notes on may 15 and november 15 of each year , beginning on may 15 , 2016 .

the november 2015 notes rank equally in right of payment with all of our existing unsecured and unsubordinated indebtedness .

the proceeds of the november 2015 notes were used to repay $ 6.0 billion of borrowings under our 364-day facility and for general corporate purposes. .

Question: what was the percentage change in total long-term debt net from 2014 to 2015?

Answer: 1.4847


management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks .

the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities .

treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio .

treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives .

for further information on derivatives , refer to note 5 .

in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments .

for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 .

for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 .

the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s .

government securities , obligations of u.s .

states and municipalities , other abs and corporate debt securities .

at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) .

refer to note 10 for further information on the firm 2019s investment securities portfolio .

selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 .

for additional information , refer to notes 1 and 10. .

1	as of or for the year ended december 31 ( in millions )	2018	2017	2016

2	investment securities gains/ ( losses )	$ -395 ( 395 )	$ -78 ( 78 )	$ 132

3	available-for-sale ( 201cafs 201d ) investment securities ( average )	203449	219345	226892

4	held-to-maturity ( 201chtm 201d ) investment securities ( average )	31747	47927	51358

5	investment securities portfolio ( average )	235197	267272	278250

6	afs investment securities ( period-end )	228681	200247	236670

7	htm investment securities ( period-end )	31434	47733	50168

8	investment securities portfolio ( period 2013end )	260115	247980	286838

Question: what is the average of the afs investment securities during the years 2016-2018?

Answer: 221866.0


Question: what was the net change in ending available for sale investment securities from 2017 to 2018?

Answer: 28434.0


stock performance graph * $ 100 invested on 11/17/11 in our stock or 10/31/11 in the relevant index , including reinvestment of dividends .

( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana holding corp. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , fuel systems solutions inc. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , johnson controls inc. , lkq corp. , lear corp. , meritor inc. , remy international inc. , standard motor products inc. , stoneridge inc. , superior industries international , trw automotive holdings corp. , tenneco inc. , tesla motors inc. , the goodyear tire & rubber co. , tower international inc. , visteon corp. , and wabco holdings inc .

company index november 17 , december 31 , december 31 , december 31 , december 31 .

dividends on february 26 , 2013 , the board of directors approved the initiation of dividend payments on the company's ordinary shares .

the board of directors declared a regular quarterly cash dividend of $ 0.17 per ordinary share that was paid in each quarter of 2013 .

in january 2014 , the board of directors increased the quarterly dividend rate to $ 0.25 per ordinary share , which was paid in each quarter of 2014 .

in addition , in january 2015 , the board of directors declared a regular quarterly cash dividend of $ 0.25 per ordinary share , payable on february 27 , 2015 to shareholders of record at the close of business on february 18 , 2015. .

Question: what was the percentage total return for delphi automotive plc for the five years ended december 31 2014?\\n

Answer: 2.5082


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Answer: 0.08333


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

however , many of our assets are self-constructed .

a large portion of our capital expenditures is for track structure expansion ( capacity projects ) and replacement ( program projects ) , which is typically performed by our employees .

approximately 13% ( 13 % ) of our full-time equivalent employees are dedicated to the construction of capital assets .

costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized .

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

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

these costs are allocated using appropriate statistical bases .

the capitalization of indirect costs is consistent with fasb statement no .

67 , accounting for costs and initial rental operations of real estate projects .

general and administrative expenditures are expensed as incurred .

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

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

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

accounts payable and other current liabilities dec .

fair value measurements during the first quarter of 2008 , we fully adopted fasb statement no .

157 , fair value measurements ( fas 157 ) .

fas 157 established a framework for measuring fair value and expanded disclosures about fair value measurements .

the adoption of fas 157 had no impact on our financial position or results of operations .

fas 157 applies to all assets and liabilities that are measured and reported on a fair value basis .

this enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values .

the statement requires that each asset and liability carried at fair value be classified into one of the following categories : level 1 : quoted market prices in active markets for identical assets or liabilities .

level 2 : observable market based inputs or unobservable inputs that are corroborated by market data .

level 3 : unobservable inputs that are not corroborated by market data. .

1	millions of dollars	dec . 31 2008	dec . 31 2007

2	accounts payable	$ 629	$ 732

3	accrued wages and vacation	367	394

4	accrued casualty costs	390	371

5	income and other taxes	207	343

6	dividends and interest	328	284

7	equipment rents payable	93	103

8	other	546	675

9	total accounts payable and other current liabilities	$ 2560	$ 2902

Question: what was the percentage change in accrued wages and vacation from 2007 to 2008?

Answer: -0.06853


the amounts ultimately applied against our offset agreements are based on negotiations with the customer and generally require cash outlays that represent only a fraction of the original amount in the offset agreement .

at december 31 , 2005 , we had outstanding offset agreements totaling $ 8.4 bil- lion , primarily related to our aeronautics segment , that extend through 2015 .

to the extent we have entered into purchase obligations at december 31 , 2005 that also satisfy offset agree- ments , those amounts are included in the preceding table .

we have entered into standby letter of credit agreements and other arrangements with financial institutions and custom- ers mainly relating to advances received from customers and/or the guarantee of future performance on some of our contracts .

at december 31 , 2005 , we had outstanding letters of credit , surety bonds and guarantees , as follows : commitment expiration by period ( in millions ) commitment 1 year ( a ) years ( a ) standby letters of credit $ 2630 $ 2425 $ 171 $ 18 $ 16 .

( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .

included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities .

approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer .

these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms .

similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance .

at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) .

quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates .

our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt .

if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt .

the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion .

the majority of our long-term debt obligations are not callable until maturity .

we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place .

we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment .

these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities .

related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted .

to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period .

at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material .

we do not hold or issue derivative financial instruments for trad- ing or speculative purposes .

recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows .

fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .

1	( in millions )	commitment expiration by period total commitment	commitment expiration by period less than 1 year ( a )	commitment expiration by period 1-3 years ( a )	commitment expiration by period 3-5 years	commitment expiration by period after 5 years

2	standby letters of credit	$ 2630	$ 2425	$ 171	$ 18	$ 16

3	surety bonds	434	79	352	3	2014

4	guarantees	2	1	1	2014	2014

5	total commitments	$ 3066	$ 2505	$ 524	$ 21	$ 16

Question: what percent of total commitments expire in less than 1 year?

Answer: 0.81703


( a ) approximately $ 2262 million and $ 49 million of standby letters of credit in the 201cless than 1 year 201d and 201c1-3 year 201d periods , respectively , and approximately $ 38 million of surety bonds in the 201cless than 1 year 201d period are expected to renew for additional periods until completion of the contractual obligation .

included in the table above is approximately $ 200 million representing letter of credit and surety bond amounts for which related obligations or liabilities are also recorded in the bal- ance sheet , either as reductions of inventories , as customer advances and amounts in excess of costs incurred , or as other liabilities .

approximately $ 2 billion of the standby letters of credit in the table above were to secure advance payments received under an f-16 contract from an international cus- tomer .

these letters of credit are available for draw down in the event of our nonperformance , and the amount available will be reduced as certain events occur throughout the period of performance in accordance with the contract terms .

similar to the letters of credit for the f-16 contract , other letters of credit and surety bonds are available for draw down in the event of our nonperformance .

at december 31 , 2005 , we had no material off-balance sheet arrangements as those arrangements are defined by the securities and exchange commission ( sec ) .

quantitative and qualitative disclosure of market risk our main exposure to market risk relates to interest rates and foreign currency exchange rates .

our financial instruments that are subject to interest rate risk principally include fixed- rate and floating rate long-term debt .

if interest rates were to change by plus or minus 1% ( 1 % ) , interest expense would increase or decrease by approximately $ 10 million related to our float- ing rate debt .

the estimated fair values of the corporation 2019s long-term debt instruments at december 31 , 2005 aggregated approximately $ 6.2 billion , compared with a carrying amount of approximately $ 5.0 billion .

the majority of our long-term debt obligations are not callable until maturity .

we have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates ; however , at year-end 2005 , we had no such agreements in place .

we use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates , and do so in ways that qualify for hedge accounting treatment .

these exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies , or hedge the exposure to rate changes affecting foreign currency denomi- nated assets or liabilities .

related gains and losses on these contracts , to the extent they are effective hedges , are recog- nized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted .

to the extent the hedges are ineffective , gains and losses on the contracts are recognized in the current period .

at december 31 , 2005 , the fair value of forward exchange con- tracts outstanding , as well as the amounts of gains and losses recorded during the year then ended , were not material .

we do not hold or issue derivative financial instruments for trad- ing or speculative purposes .

recent accounting pronouncements in december 2004 , the fasb issued fas 123 ( r ) , share- based payments , which will impact our net earnings and earn- ings per share and change the classification of certain elements of the statement of cash flows .

fas 123 ( r ) requires stock options and other share-based payments made to employees to be accounted for as compensation expense and recorded at fair lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2005 .

Question: what percent of total commitments expire in 1-3 years?

Answer: 0.17091


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

md&a is organized as follows : 2022 overview .

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

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

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

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

2022 fair value of financial instruments .

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

2022 contractual obligations and off-balance-sheet arrangements .

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Answer: -0.01187


investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 .

average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 .

other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors .

net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 .

administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 .

this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions .

changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .

our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 .

the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program .

reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses .

average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 .

advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment .

depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans .

other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries .

our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs .

our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .

the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .

the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .

lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments .

the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 .

our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) .

c a p i t a l r e s o u r c e s a n d l i q u i d i t y .

during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion .

we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 .

tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion .

given the availability of these financial resources , we do not maintain an available external source of liquidity .

1		2008	2009	change

2	other than temporary impairments recognized	$ -91.3 ( 91.3 )	$ -36.1 ( 36.1 )	$ 55.2

3	capital gain distributions received	5.6	2.0	-3.6 ( 3.6 )

4	net gain ( loss ) realized on fund dispositions	-4.5 ( 4.5 )	7.4	11.9

5	net loss recognized on fund holdings	$ -90.2 ( 90.2 )	$ -26.7 ( 26.7 )	$ 63.5

Question: what was the percent change in capital gain distributions between 2008 and 2009?

Answer: -0.48214


investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 .

average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 .

other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors .

net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 .

administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 .

this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions .

changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors .

our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 .

the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program .

reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses .

average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 .

advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment .

depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans .

other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries .

our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs .

our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 .

the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 .

the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. .

Question: what was the average price of shares repurchased in 2010?

Answer: 48.0


2022 a financial safeguard package for cleared over-the-counter credit default swap contracts , and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts .

in the unlikely event of a payment default by a clearing firm , we would first apply assets of the defaulting clearing firm to satisfy its payment obligation .

these assets include the defaulting firm 2019s guaranty fund contributions , performance bonds and any other available assets , such as assets required for membership and any associated trading rights .

in addition , we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm .

thereafter , if the payment default remains unsatisfied , we would use the corporate contributions designated for the respective financial safeguard package .

we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit .

we maintain a $ 5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing .

we have the option to request an increase in the line from $ 5.0 billion to $ 7.0 billion .

we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default , in the event of a liquidity constraint or default by a depositary ( custodian of the collateral ) , or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms .

the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit .

pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s .

treasury or agency securities , as well as select money market mutual funds approved for our select interest earning facility ( ief ) programs .

performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line .

in addition to the 364-day multi- currency line of credit , we also have the option to use our $ 1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default .

aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $ 86.8 billion , including $ 5.6 billion of cash performance bond deposits and $ 4.2 billion of letters of credit .

a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm .

the following shows the available assets at december 31 , 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets : ( in millions ) cme clearing available assets designated corporate contributions for futures and options ( 1 ) .

$ 100.0 guaranty fund contributions ( 2 ) .

7973.6 minimum total assets available for default ( 4 ) .

$ 10973.1 ( 1 ) cme clearing designates $ 100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit .

( 2 ) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms , but do not include any excess deposits held by us at the direction of clearing firms .

( 3 ) in the event of a clearing firm default , if a loss continues to exist after the utilization of the assets of the defaulted firm , our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions , we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund .

( 4 ) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral. .

1	( in millions )	cme clearingavailable assets

2	designated corporate contributions for futures and options ( 1 )	$ 100.0

3	guaranty fund contributions ( 2 )	2899.5

4	assessment powers ( 3 )	7973.6

5	minimum total assets available for default ( 4 )	$ 10973.1

Question: by what percentage can cme increase their current line of credit?

Answer: 0.4


to , rather than as a substitute for , cash provided by operating activities .

the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : .

2016 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve .

we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments .

we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety .

we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network .

f0b7 network operations 2013 in 2016 , we will continue to align resources with customer demand , continue to improve network performance , and maintain our surge capability .

f0b7 fuel prices 2013 with the dramatic drop in fuel prices during 2015 , fuel price projections continue to be uncertain in the current environment .

we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .

domestic demand , refining capacity , geopolitical events , weather conditions and other factors .

as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail fluctuations in fuel price by approximately two months .

continuing lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport .

alternatively , lower fuel prices will likely have a negative impact on other commodities such as coal , frac sand and crude oil shipments .

f0b7 capital plan 2013 in 2016 , we expect our capital plan to be approximately $ 3.75 billion , including expenditures for ptc , 230 locomotives and 450 freight cars .

the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments .

( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 economic conditions in many of our market sectors continue to drive uncertainty with respect to our volume levels .

we expect volumes to be down slightly in 2016 compared to 2015 , but will depend on the overall economy and market conditions .

dollar and historic low commodity prices could also drive continued volatility .

one of the biggest uncertainties is the outlook for energy markets , which will bring both challenges and opportunities .

in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives , and the ability to leverage our resources and strengthen our franchise .

over the longer term , we expect the overall u.s .

economy to continue to improve at a modest pace , with some markets outperforming others. .

Question: what was the ratio of the free cash flow to the cash provided by operating activities in 2015

Answer: 0.07135


2016 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve .

we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments .

we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety .

we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network .

f0b7 network operations 2013 in 2016 , we will continue to align resources with customer demand , continue to improve network performance , and maintain our surge capability .

f0b7 fuel prices 2013 with the dramatic drop in fuel prices during 2015 , fuel price projections continue to be uncertain in the current environment .

we again could see volatile fuel prices during the year , as they are sensitive to global and u.s .

domestic demand , refining capacity , geopolitical events , weather conditions and other factors .

as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail fluctuations in fuel price by approximately two months .

continuing lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport .

alternatively , lower fuel prices will likely have a negative impact on other commodities such as coal , frac sand and crude oil shipments .

f0b7 capital plan 2013 in 2016 , we expect our capital plan to be approximately $ 3.75 billion , including expenditures for ptc , 230 locomotives and 450 freight cars .

the capital plan may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments .

( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) f0b7 financial expectations 2013 economic conditions in many of our market sectors continue to drive uncertainty with respect to our volume levels .

we expect volumes to be down slightly in 2016 compared to 2015 , but will depend on the overall economy and market conditions .

dollar and historic low commodity prices could also drive continued volatility .

one of the biggest uncertainties is the outlook for energy markets , which will bring both challenges and opportunities .

in the current environment , we expect continued margin improvement driven by continued pricing opportunities , ongoing productivity initiatives , and the ability to leverage our resources and strengthen our franchise .

over the longer term , we expect the overall u.s .

economy to continue to improve at a modest pace , with some markets outperforming others. .

Question: what was the percentage change in free cash flow from 2013 to 2014?

Answer: -0.27866


before the purchase in november 2008 , the units will be reflected in diluted earnings per share calculations using the treasury stock method as defined by sfas no .

under this method , the number of shares of common stock used in calculating diluted earnings per share ( based on the settlement formula applied at the end of the reporting period ) is deemed to be increased by the excess , if any , of the number of shares that would be issued upon settlement of the purchase contracts less the number of shares that could be purchased by the company in the market at the average market price during the period using the proceeds to be received upon settlement .

therefore , dilution will occur for periods when the average market price of the company 2019s common stock for the reporting period is above $ 21.816 .

senior secured revolving credit facility in september 2005 , the company entered into a $ 250 million , three-year senior secured revolving credit facility .

as a result of the citadel investment in november 2007 , the facility was terminated and all unamortized debt issuance costs were expensed .

corporate debt covenants certain of the company 2019s corporate debt described above have terms which include customary financial covenants .

as of december 31 , 2007 , the company was in compliance with all such covenants .

early extinguishment of debt in 2006 , the company called the entire remaining $ 185.2 million principal amount of its 6% ( 6 % ) notes for redemption .

the company recorded a $ 0.7 million loss on early extinguishment of debt relating to the write-off of the unamortized debt offering costs .

the company did not have any early extinguishments of debt in 2005 .

other corporate debt the company also has multiple term loans from financial institutions .

these loans are collateralized by equipment and are included within other borrowings on the consolidated balance sheet .

see note 14 2014securities sold under agreement to repurchase and other borrowings .

future maturities of corporate debt scheduled principal payments of corporate debt as of december 31 , 2007 are as follows ( dollars in thousands ) : years ending december 31 .

1	2008	$ 2014

2	2009	2014

3	2010	2014

4	2011	453815

5	2012	2014

6	thereafter	2996337

7	total future principal payments of corporate debt	3450152

8	unamortized discount net	-427454 ( 427454 )

9	total corporate debt	$ 3022698

Question: what percentage of total future principal payments of corporate debt are due in 2011?

Answer: 0.13153


Question: as of december 2007 what was the ratio of the future debt maturities for 2011 to the amounts after 2012

Answer: 0.15146


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 amount of long-term debt is due in the next 36 months for entergy corporation as of december 31 , 2013 , in millions?

Answer: 1766.791


sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows: .

( 1 ) other includes cafeterias that are not stand-alone restaurants , bakeries , caterers , churches , civic and fraternal organizations , vending distributors , other distributors and international exports .

none of these types of customers , as a group , exceeded 5% ( 5 % ) of total sales in any of the years for which information is presented .

sources of supply we purchase from thousands of suppliers , both domestic and international , none of which individually accounts for more than 10% ( 10 % ) of our purchases .

these suppliers consist generally of large corporations selling brand name and private label merchandise , as well as independent regional brand and private label processors and packers .

we also provide specialty and seasonal products from small to mid-sized producers to meet a growing demand for locally sourced products .

our locally sourced products , including produce , meats , cheese and other products , help differentiate our customers 2019 offerings , satisfy demands for new products , and support local communities .

purchasing is generally carried out through both centrally developed purchasing programs , domestically and internationally , and direct purchasing programs established by our various operating companies .

we administer a consolidated product procurement program designed to develop , obtain and ensure consistent quality food and non-food products .

the program covers the purchasing and marketing of branded merchandise , as well as products from a number of national brand suppliers , encompassing substantially all product lines .

some of our products are purchased internationally within global procurement centers in order to build strategic relationships with international suppliers and to optimize our supply chain network .

sysco 2019s operating companies purchase product from the suppliers participating in these consolidated programs and from other suppliers , although sysco brand products are only available to the operating companies through these consolidated programs .

we also focus on increasing profitability by lowering operating costs and by lowering aggregate inventory levels , which reduces future facility expansion needs at our broadline operating companies , while providing greater value to our suppliers and customers .

working capital practices our growth is funded through a combination of cash flow from operations , commercial paper issuances and long-term borrowings .

see the discussion in item 7 201cmanagement 2019s discussion and analysis of financial condition and results of operations - liquidity and capital resources 201d regarding our liquidity , financial position and sources and uses of funds .

we extend credit terms to our customers that can vary from cash on delivery to 30 days or more based on our assessment of each customer 2019s credit worthiness .

we monitor each customer 2019s account and will suspend shipments if necessary .

a majority of our sales orders are filled within 24 hours of when customer orders are placed .

we generally maintain inventory on hand to be able to meet customer demand .

the level of inventory on hand will vary by product depending on shelf-life , supplier order fulfillment lead times and customer demand .

we also make purchases of additional volumes of certain products based on supply or pricing opportunities .

we take advantage of suppliers 2019 cash discounts where appropriate and otherwise generally receive payment terms from our suppliers ranging from weekly to 45 days or more .

corporate headquarters and shared services center our corporate staff makes available a number of services to our operating companies and our shared services center performs support services for employees , suppliers and customers .

members of these groups possess experience and expertise in , among other areas , customer and vendor contract administration , accounting and finance , treasury , legal , information technology , payroll and employee benefits , risk management and insurance , sales and marketing , merchandising , inbound logistics , human resources , strategy and tax compliance services .

the corporate office also makes available supply chain expertise , such as in warehousing and distribution services , which provide assistance in operational best practices , including space utilization , energy conservation , fleet management and work flow. .

Question: what was the change in the percentage of sales to restaurants from 2017 to 2018?

Answer: 0.01


management's financial discussion and analysis fuel and purchased power expenses increased primarily due to an increase in power purchases as a result of the purchased power agreements between entergy gulf states louisiana and entergy texas and an increase in the average market prices of purchased power and natural gas , substantially offset by a decrease in deferred fuel expense as a result of decreased recovery from customers of fuel costs .

other regulatory charges increased primarily due to an increase of $ 6.9 million in the recovery of bond expenses related to the securitization bonds .

the recovery became effective july 2007 .

see note 5 to the financial statements for additional information regarding the securitization bonds .

2007 compared to 2006 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 2007 to 2006 .

the purchased power capacity variance is due to changes in the purchased power capacity costs included in the calculation in 2007 compared to 2006 used to bill generation costs between entergy texas and entergy gulf states louisiana .

the securitization transition charge variance is due to the issuance of securitization bonds .

as discussed above , in june 2007 , egsrf i , a company wholly-owned and consolidated by entergy texas , issued securitization bonds and with the proceeds purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds .

see note 5 to the financial statements herein for details of the securitization bond issuance .

the volume/weather variance is due to increased electricity usage on billed retail sales , including the effects of more favorable weather in 2007 compared to the same period in 2006 .

the increase is also due to an increase in usage during the unbilled sales period .

retail electricity usage increased a total of 139 gwh in all sectors .

see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .

the transmission revenue variance is due to an increase in rates effective june 2007 and new transmission customers in late 2006 .

the base revenue variance is due to the transition to competition rider that began in march 2006 .

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

gross operating revenues , fuel and purchased power expenses , and other regulatory charges gross operating revenues decreased primarily due to a decrease of $ 179 million in fuel cost recovery revenues due to lower fuel rates and fuel refunds .

the decrease was partially offset by the $ 39 million increase in net revenue described above and an increase of $ 44 million in wholesale revenues , including $ 30 million from the system agreement cost equalization payments from entergy arkansas .

1		amount ( in millions )

2	2006 net revenue	$ 403.3

3	purchased power capacity	13.1

4	securitization transition charge	9.9

5	volume/weather	9.7

6	transmission revenue	6.1

7	base revenue	2.6

8	other	-2.4 ( 2.4 )

9	2007 net revenue	$ 442.3

Question: what is the percent change in net revenue between 2006 and 2007?

Answer: 0.0967


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

this repurchase authorization replaces all previous authorizations .

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

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

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

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

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

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

5	total	1144772	$ 51.42	1144772

Question: including the shares repurchased under the december 2007 repo agreement , what was the total authorized shares ( in millions ) eligible for repurchase under the january 23 , 2008 repurchase authorization?\\n\\n

Answer: 12.675


and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 14 .

income taxes ( continued ) on april 1 , 2007 , the company adopted financial interpretation fin no .

48 , accounting for uncertainty in income taxes 2014an interpretation of fasb statement no .

48 201d ) , which clarifies the accounting for uncertainty in income taxes recognized in an enterprise 2019s financial statements in accordance with fasb statement no .

48 prescribes a recognition threshold and measurement process for recording in the financial statements uncertain tax positions taken or expected to be taken in a tax return .

48 also provides guidance on derecognition , classification , interest and penalties , accounting in interim periods , disclosure , and transition and defines the criteria that must be met for the benefits of a tax position to be recognized .

48 , the company recorded the cumulative effect of the change in accounting principle of $ 0.3 million as a decrease to opening retained earnings and an increase to other long-term liabilities as of april 1 , 2007 .

this adjustment related to state nexus for failure to file tax returns in various states for the years ended march 31 , 2003 , 2004 , and 2005 .

the company initiated a voluntary disclosure plan , which it completed in fiscal year 2009 .

the company elected to recognize interest and/or penalties related to income tax matters in income tax expense in its consolidated statements of operations .

as of march 31 , 2009 , the company had remitted all outstanding amounts owed to each of the states in connection with the outstanding taxes owed at march 31 , 2008 .

on a quarterly basis , the company accrues for the effects of uncertain tax positions and the related potential penalties and interest .

it is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the unrecognized tax positions will increase or decrease during the next 12 months ; however , it is not expected that the change will have a significant effect on the company 2019s results of operations or financial position .

a reconciliation of the beginning and ending balance of unrecognized tax benefits , excluding accrued interest recorded at march 31 , 2009 ( in thousands ) is as follows: .

the company and its subsidiaries are subject to u.s .

federal income tax , as well as income tax of multiple state and foreign jurisdictions .

the company has accumulated significant losses since its inception in 1981 .

all tax years remain subject to examination by major tax jurisdictions , including the federal government and the commonwealth of massachusetts .

however , since the company has net operating loss and tax credit carry forwards which may be utilized in future years to offset taxable income , those years may also be subject to review by relevant taxing authorities if the carry forwards are utilized .

commitments and contingencies the company 2019s acquisition of impella provided that abiomed was required to make contingent payments to impella 2019s former shareholders as follows : 2022 upon fda approval of the impella 2.5 device , a payment of $ 5583333 2022 upon fda approval of the impella 5.0 device , a payment of $ 5583333 , and 2022 upon the sale of 1000 units of impella 2019s products worldwide , a payment of $ 5583334 .

the two milestones related to sales and fda approval of the impella 2.5 device were achieved and paid prior to march 31 , 2009 .

in april 2009 , the company received fda 510 ( k ) clearance of its impella 5.0 product , triggering an obligation to pay the milestone related to the impella 5.0 device .

in may 2009 , the company paid $ 1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664612 shares of common stock. .

1	balance at march 31 2008	$ 168

2	reductions for tax positions for closing of the applicable statute of limitations	-168 ( 168 )

3	balance at march 31 2009	$ 2014

Question: what portion of the last payment for the final milestone was paid through the issuance of common stock?

Answer: 0.67761


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 2008 and 2007. .

on february 13 , 2009 , the closing price of our common stock was $ 28.85 per share as reported on the nyse .

as of february 13 , 2009 , we had 397097677 outstanding shares of common stock and 499 registered holders .

dividends we have never paid a dividend on our common stock .

we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .

the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .

the loan agreement for our revolving credit facility and term loan , and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied .

in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction .

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 transaction , 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	2008	high	low

2	quarter ended march 31	$ 42.72	$ 32.10

3	quarter ended june 30	46.10	38.53

4	quarter ended september 30	43.43	31.89

5	quarter ended december 31	37.28	19.35

6	2007	high	low

7	quarter ended march 31	$ 41.31	$ 36.63

8	quarter ended june 30	43.84	37.64

9	quarter ended september 30	45.45	36.34

10	quarter ended december 31	46.53	40.08

Question: what is the average number of common stock shares per register holder as of february 13 , 2009?

Answer: 795786.92786


Question: on february 13 , 2009 what was the market capitalization

Answer: 13764217.57366


reinsurance commissions , fees and other revenue decreased 2% ( 2 % ) in 2014 reflecting a 1% ( 1 % ) unfavorable impact from foreign currency exchange rates and 1% ( 1 % ) decline in organic revenue growth due primarily to a significant unfavorable market impact in treaty , partially offset by net new business growth in treaty placements globally and growth in capital markets transactions and advisory business , as well as facultative placements .

operating income operating income increased $ 108 million , or 7% ( 7 % ) , from 2013 to $ 1.6 billion in 2014 .

in 2014 , operating income margins in this segment were 21.0% ( 21.0 % ) , an increase of 120 basis points from 19.8% ( 19.8 % ) in 2013 .

operating margin improvement was driven by solid organic revenue growth , return on investments , expense discipline and savings related to the restructuring programs , partially offset by a $ 61 million unfavorable impact from foreign currency exchange rates .

our hr solutions segment generated approximately 35% ( 35 % ) of our consolidated total revenues in 2014 and provides a broad range of human capital services , as follows : 2022 retirement specializes in global actuarial services , defined contribution consulting , tax and erisa consulting , and pension administration .

2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries .

2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management .

2022 investment consulting advises public and private companies , other institutions and trustees on developing and maintaining investment programs across a broad range of plan types , including defined benefit plans , defined contribution plans , endowments and foundations .

2022 benefits administration applies our human resource expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services .

our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions .

2022 exchanges is building and operating healthcare exchanges that provide employers with a cost effective alternative to traditional employee and retiree healthcare , while helping individuals select the insurance that best meets their needs .

2022 human resource business processing outsourcing provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and record and manage talent , workforce and other core human resource process transactions as well as other complementary services such as flexible spending , dependent audit and participant advocacy .

disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace .

weak economic conditions in many markets around the globe continued throughout 2014 and have adversely impacted our clients' financial condition and therefore the levels of business activities in the industries and geographies where we operate .

while we believe that the majority of our practices are well positioned to manage through this time , these challenges are reducing demand for some of our services and putting continued pressure on the pricing of those services , which is having an adverse effect on our new business and results of operations. .

Question: considering the years 2013 and 2014 , what is the basis point variation observed in the operating margin?

Answer: 3.6