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capital resources and liquidity capital resources overview capital is generally generated via earnings from operating businesses . this is augmented through issuance of common stock , convertible preferred stock , preferred stock , subordinated debt , and equity issued through awards under employee benefit plans . capital is used primarily to support assets in the company 2019s businesses and to absorb unexpected market , credit or operational losses . the company 2019s uses of capital , particularly to pay dividends and repurchase common stock , became severely restricted during the latter half of 2008 . see 201cthe company , 201d 201cmanagement 2019s discussion and analysis 2013 events in 2008 , 201d 201ctarp and other regulatory programs , 201d 201crisk factors 201d and 201ccommon equity 201d on pages 2 , 9 , 44 , 47 and 95 , respectively . citigroup 2019s capital management framework is designed to ensure that citigroup and its principal subsidiaries maintain sufficient capital consistent with the company 2019s risk profile , all applicable regulatory standards and guidelines , and external rating agency considerations . the capital management process is centrally overseen by senior management and is reviewed at the consolidated , legal entity , and country level . senior management oversees the capital management process of citigroup and its principal subsidiaries mainly through citigroup 2019s finance and asset and liability committee ( finalco ) . the committee is composed of the senior-most management of citigroup for the purpose of engaging management in decision-making and related discussions on capital and liquidity items . among other things , the committee 2019s responsibilities include : determining the financial structure of citigroup and its principal subsidiaries ; ensuring that citigroup and its regulated entities are adequately capitalized ; determining appropriate asset levels and return hurdles for citigroup and individual businesses ; reviewing the funding and capital markets plan for citigroup ; and monitoring interest-rate risk , corporate and bank liquidity , the impact of currency translation on non-u.s . earnings and capital . the finalco has established capital targets for citigroup and for significant subsidiaries . at december 31 , 2008 , these targets exceeded the regulatory standards . common and preferred stock issuances as discussed under 201cevents in 2008 201d on page 9 , during 2008 , the company issued $ 45 billion in preferred stock and warrants under tarp , $ 12.5 billion of convertible preferred stock in a private offering , $ 11.7 billion of non-convertible preferred stock in public offerings , $ 3.2 billion of convertible preferred stock in public offerings , and $ 4.9 billion of common stock in public offerings . on january 23 , 2009 , pursuant to our prior agreement with the purchasers of the $ 12.5 billion convertible preferred stock issued in the private offering , the conversion price was reset from $ 31.62 per share to $ 26.35 per share . the reset will result in citigroup 2019s issuing approximately 79 million additional common shares if converted . there will be no impact to net income , total stockholders 2019 equity or capital ratios due to the reset . however , the reset will result in a reclassification from retained earnings to additional paid-in capital of $ 1.2 billion to reflect the benefit of the reset to the preferred stockholders . capital ratios citigroup is subject to risk-based capital ratio guidelines issued by the federal reserve board ( frb ) . capital adequacy is measured via two risk- based ratios , tier 1 and total capital ( tier 1 + tier 2 capital ) . tier 1 capital is considered core capital while total capital also includes other items such as subordinated debt and loan loss reserves . both measures of capital are stated as a percentage of risk-weighted assets . risk-weighted assets are measured primarily on their perceived credit risk and include certain off-balance-sheet exposures , such as unfunded loan commitments and letters of credit , and the notional amounts of derivative and foreign- exchange contracts . citigroup is also subject to the leverage ratio requirement , a non-risk-based asset ratio , which is defined as tier 1 capital as a percentage of adjusted average assets . to be 201cwell capitalized 201d under federal bank regulatory agency definitions , a bank holding company must have a tier 1 capital ratio of at least 6% ( 6 % ) , a total capital ratio of at least 10% ( 10 % ) , and a leverage ratio of at least 3% ( 3 % ) , and not be subject to an frb directive to maintain higher capital levels . as noted in the following table , citigroup maintained a 201cwell capitalized 201d position during both 2008 and 2007 . citigroup regulatory capital ratios at year end 2008 2007 . <table class='wikitable'><tr><td>1</td><td>at year end</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>tier 1 capital</td><td>11.92% ( 11.92 % )</td><td>7.12% ( 7.12 % )</td></tr><tr><td>3</td><td>total capital ( tier 1 and tier 2 )</td><td>15.70</td><td>10.70</td></tr><tr><td>4</td><td>leverage ( 1 )</td><td>6.08</td><td>4.03</td></tr></table> leverage ( 1 ) 6.08 4.03 ( 1 ) tier 1 capital divided by adjusted average assets . events occurring during 2008 , including the transactions with the u.s . government , affected citigroup 2019s capital ratios , and any additional u.s . government financial involvement with the company could further impact the company 2019s capital ratios . in addition , future operations will affect capital levels , and changes that the fasb has proposed regarding off-balance-sheet assets , consolidation and sale treatment could also have an impact on capital ratios . see also note 23 to the consolidated financial statements on page 175 , including 201cfunding liquidity facilities and subordinate interests . 201d .
Question: what was the net change in value of the citigroup regulatory capital ratios total capital (tier 1 and tier 2) from 2007 to 2008?
| 5.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2012 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>134</td><td>166</td><td>192</td><td>237</td><td>368</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>132</td><td>151</td><td>153</td><td>171</td><td>208</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>128</td><td>161</td><td>171</td><td>181</td><td>238</td></tr></table> s&p 500 healthcare equipment & supply index 100 128 161 171 181 238 .
Question: what was the price of teleflex in 2017?
Answer: 368.0
Question: what was the price of teleflex in 2012?
Answer: 100.0
Question: what is the net change in price?
| 268.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
contracts as of december 31 , 2006 , which all mature in 2007 . forward contract notional amounts presented below are expressed in the stated currencies ( in thousands ) . forward currency contracts: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( pay ) /receive</td></tr><tr><td>2</td><td>u.s . dollars</td><td>-114000 ( 114000 )</td></tr><tr><td>3</td><td>euros</td><td>-4472 ( 4472 )</td></tr><tr><td>4</td><td>singapore dollars</td><td>37180</td></tr><tr><td>5</td><td>canadian dollars</td><td>81234</td></tr><tr><td>6</td><td>malaysian ringgits</td><td>85963</td></tr></table> a movement of 10% ( 10 % ) in the value of the u.s . dollar against foreign currencies would impact our expected net earnings by approximately $ 0.1 million . item 8 . financial statements and supplementary data the financial statements and supplementary data required by this item are included herein , commencing on page f-1 . item 9 . changes in and disagreements with accountants on accounting and financial disclosure item 9a . controls and procedures ( a ) evaluation of disclosure controls and procedures our management , with the participation of our chief executive officer and chief financial officer , evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report . based on that evaluation , the chief executive officer and chief financial officer concluded that our disclosure controls and procedures as of the end of the period covered by this report are functioning effectively to provide reasonable assurance that the information required to be disclosed by us in reports filed under the securities exchange act of 1934 is ( i ) recorded , processed , summarized and reported within the time periods specified in the sec 2019s rules and forms and ( ii ) accumulated and communicated to our management , including the chief executive officer and chief financial officer , as appropriate to allow timely decisions regarding disclosure . a controls system cannot provide absolute assurance , however , that the objectives of the controls system are met , and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud , if any , within a company have been detected . ( b ) management 2019s report on internal control over financial reporting our management 2019s report on internal control over financial reporting is set forth on page f-2 of this annual report on form 10-k and is incorporated by reference herein . ( c ) change in internal control over financial reporting no change in our internal control over financial reporting occurred during our most recent fiscal quarter that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting . item 9b . other information .
Question: what was the positive value of united states securities?
Answer: 114000.0
Question: what is the positive value of euros?
Answer: 4472.0
Question: what is the sum?
Answer: 118472.0
Question: what is the sum of singapore and canadian dollars?
| 118414.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
on the underlying exposure . for derivative contracts that are designated and qualify as cash fl ow hedges , the effective portion of gains and losses on these contracts is reported as a component of other comprehensive income and reclassifi ed into earnings in the same period the hedged transaction affects earnings . hedge ineffectiveness is immediately recognized in earnings . derivative contracts that are not designated as hedging instruments are recorded at fair value with the gain or loss recognized in current earnings during the period of change . we may enter into foreign currency forward and option contracts to reduce the effect of fl uctuating currency exchange rates ( principally the euro , the british pound , and the japanese yen ) . foreign currency derivatives used for hedging are put in place using the same or like currencies and duration as the underlying exposures . forward contracts are principally used to manage exposures arising from subsidiary trade and loan payables and receivables denominated in foreign currencies . these contracts are recorded at fair value with the gain or loss recognized in other 2014net . the purchased option contracts are used to hedge anticipated foreign currency transactions , primarily intercompany inventory activities expected to occur within the next year . these contracts are designated as cash fl ow hedges of those future transactions and the impact on earnings is included in cost of sales . we may enter into foreign currency forward contracts and currency swaps as fair value hedges of fi rm commitments . forward and option contracts generally have maturities not exceeding 12 months . in the normal course of business , our operations are exposed to fl uctuations in interest rates . these fl uctuations can vary the costs of fi nancing , investing , and operating . we address a portion of these risks through a controlled program of risk management that includes the use of derivative fi nancial instruments . the objective of controlling these risks is to limit the impact of fl uctuations in interest rates on earnings . our primary interest rate risk exposure results from changes in short-term u.s . dollar interest rates . in an effort to manage interest rate exposures , we strive to achieve an acceptable balance between fi xed and fl oating rate debt and investment positions and may enter into interest rate swaps or collars to help maintain that balance . interest rate swaps or collars that convert our fi xed- rate debt or investments to a fl oating rate are designated as fair value hedges of the underlying instruments . interest rate swaps or collars that convert fl oating rate debt or investments to a fi xed rate are designated as cash fl ow hedg- es . interest expense on the debt is adjusted to include the payments made or received under the swap agreements . goodwill and other intangibles : goodwill is not amortized . all other intangibles arising from acquisitions and research alliances have fi nite lives and are amortized over their estimated useful lives , ranging from 5 to 20 years , using the straight-line method . the weighted-average amortization period for developed product technology is approximately 12 years . amortization expense for 2008 , 2007 , and 2006 was $ 193.4 million , $ 172.8 million , and $ 7.6 million before tax , respectively . the estimated amortization expense for each of the fi ve succeeding years approximates $ 280 million before tax , per year . substantially all of the amortization expense is included in cost of sales . see note 3 for further discussion of goodwill and other intangibles acquired in 2008 and 2007 . goodwill and other intangible assets at december 31 were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>goodwill</td><td>$ 1167.5</td><td>$ 745.7</td></tr><tr><td>3</td><td>developed product technology 2014 gross</td><td>3035.4</td><td>1767.5</td></tr><tr><td>4</td><td>less accumulated amortization</td><td>-346.6 ( 346.6 )</td><td>-162.6 ( 162.6 )</td></tr><tr><td>5</td><td>developed product technology 2014 net</td><td>2688.8</td><td>1604.9</td></tr><tr><td>6</td><td>other intangibles 2014 gross</td><td>243.2</td><td>142.8</td></tr><tr><td>7</td><td>less accumulated amortization</td><td>-45.4 ( 45.4 )</td><td>-38.0 ( 38.0 )</td></tr><tr><td>8</td><td>other intangibles 2014 net</td><td>197.8</td><td>104.8</td></tr><tr><td>9</td><td>total intangibles 2014 net</td><td>$ 4054.1</td><td>$ 2455.4</td></tr></table> goodwill and net other intangibles are reviewed to assess recoverability at least annually and when certain impairment indicators are present . no signifi cant impairments occurred with respect to the carrying value of our goodwill or other intangible assets in 2008 , 2007 , or 2006 . property and equipment : property and equipment is stated on the basis of cost . provisions for depreciation of buildings and equipment are computed generally by the straight-line method at rates based on their estimated useful lives ( 12 to 50 years for buildings and 3 to 18 years for equipment ) . we review the carrying value of long-lived assets for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the .
Question: what was the total intangibles 2014 net in 2008?
Answer: 4054.1
Question: and what was it in 2007?
Answer: 2455.4
Question: by how much, then, did it change over the year?
Answer: 1598.7
Question: and what is this change as a percentage of the 2007 amount?
| 0.6511 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2014 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1955024 $ 36.06 4078093 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1955024</td><td>$ 36.06</td><td>4078093</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>1955024</td><td>$ 36.06</td><td>4078093</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 644321 were subject to stock options , 539742 were subject to outstanding restricted performance stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 33571 stock rights , 11046 restricted stock rights and 663322 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 644321 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2015 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . this proof is printed at 96% ( 96 % ) of original size this line represents final trim and will not print .
Question: what was the number of outstanding options warrants and rights?
Answer: 1955024.0
Question: what was the number of securities remaining available for future issuance under equity compensation plans?
Answer: 4078093.0
Question: what is the sum of these values?
Answer: 6033117.0
Question: what was the total securities remaining?
| 4078093.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
a summary of the company 2019s significant contractual obligations as of december 31 , 2015 , follows : contractual obligations . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>total</td><td>payments due by year 2016</td><td>payments due by year 2017</td><td>payments due by year 2018</td><td>payments due by year 2019</td><td>payments due by year 2020</td><td>payments due by year after 2020</td></tr><tr><td>2</td><td>long-term debt including current portion ( note 10 )</td><td>$ 9878</td><td>$ 1125</td><td>$ 744</td><td>$ 993</td><td>$ 622</td><td>$ 1203</td><td>$ 5191</td></tr><tr><td>3</td><td>interest on long-term debt</td><td>2244</td><td>174</td><td>157</td><td>153</td><td>149</td><td>146</td><td>1465</td></tr><tr><td>4</td><td>operating leases ( note 14 )</td><td>943</td><td>234</td><td>191</td><td>134</td><td>86</td><td>72</td><td>226</td></tr><tr><td>5</td><td>capital leases ( note 14 )</td><td>59</td><td>11</td><td>6</td><td>4</td><td>3</td><td>3</td><td>32</td></tr><tr><td>6</td><td>unconditional purchase obligations and other</td><td>1631</td><td>1228</td><td>160</td><td>102</td><td>54</td><td>56</td><td>31</td></tr><tr><td>7</td><td>total contractual cash obligations</td><td>$ 14755</td><td>$ 2772</td><td>$ 1258</td><td>$ 1386</td><td>$ 914</td><td>$ 1480</td><td>$ 6945</td></tr></table> long-term debt payments due in 2016 and 2017 include floating rate notes totaling $ 126 million ( classified as current portion of long-term debt ) , and $ 96 million ( included as a separate floating rate note in the long-term debt table ) , respectively , as a result of put provisions associated with these debt instruments . interest projections on both floating and fixed rate long-term debt , including the effects of interest rate swaps , are based on effective interest rates as of december 31 , 2015 . unconditional purchase obligations are defined as an agreement to purchase goods or services that is enforceable and legally binding on the company . included in the unconditional purchase obligations category above are certain obligations related to take or pay contracts , capital commitments , service agreements and utilities . these estimates include both unconditional purchase obligations with terms in excess of one year and normal ongoing purchase obligations with terms of less than one year . many of these commitments relate to take or pay contracts , in which 3m guarantees payment to ensure availability of products or services that are sold to customers . the company expects to receive consideration ( products or services ) for these unconditional purchase obligations . contractual capital commitments are included in the preceding table , but these commitments represent a small part of the company 2019s expected capital spending in 2016 and beyond . the purchase obligation amounts do not represent the entire anticipated purchases in the future , but represent only those items for which the company is contractually obligated . the majority of 3m 2019s products and services are purchased as needed , with no unconditional commitment . for this reason , these amounts will not provide a reliable indicator of the company 2019s expected future cash outflows on a stand-alone basis . other obligations , included in the preceding table within the caption entitled 201cunconditional purchase obligations and other , 201d include the current portion of the liability for uncertain tax positions under asc 740 , which is expected to be paid out in cash in the next 12 months . the company is not able to reasonably estimate the timing of the long-term payments or the amount by which the liability will increase or decrease over time ; therefore , the long-term portion of the net tax liability of $ 208 million is excluded from the preceding table . refer to note 8 for further details . as discussed in note 11 , the company does not have a required minimum cash pension contribution obligation for its u.s . plans in 2016 and company contributions to its u.s . and international pension plans are expected to be largely discretionary in future years ; therefore , amounts related to these plans are not included in the preceding table . financial instruments the company enters into foreign exchange forward contracts , options and swaps to hedge against the effect of exchange rate fluctuations on cash flows denominated in foreign currencies and certain intercompany financing transactions . the company manages interest rate risks using a mix of fixed and floating rate debt . to help manage borrowing costs , the company may enter into interest rate swaps . under these arrangements , the company agrees to exchange , at specified intervals , the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount . the company manages commodity price risks through negotiated supply contracts , price protection agreements and forward contracts. .
Question: as of december 31, 2015, what percentage did the total interest on long-term debt represent in relation to the total contractual cash obligations?
Answer: 0.15208
Question: and what was the total of the floating rate notes included in those long-term debt payments due in 2016?
Answer: 126.0
Question: what was it for 2017?
| 96.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the segment had operating earnings of $ 709 million in 2007 , compared to operating earnings of $ 787 million in 2006 . the decrease in operating earnings was primarily due to a decrease in gross margin , driven by : ( i ) lower net sales of iden infrastructure equipment , and ( ii ) continued competitive pricing pressure in the market for gsm infrastructure equipment , partially offset by : ( i ) increased net sales of digital entertainment devices , and ( ii ) the reversal of reorganization of business accruals recorded in 2006 relating to employee severance which were no longer needed . sg&a expenses increased primarily due to the expenses from recently acquired businesses , partially offset by savings from cost-reduction initiatives . r&d expenditures decreased primarily due to savings from cost- reduction initiatives , partially offset by expenditures by recently acquired businesses and continued investment in digital entertainment devices and wimax . as a percentage of net sales in 2007 as compared to 2006 , gross margin , sg&a expenses , r&d expenditures and operating margin all decreased . in 2007 , sales to the segment 2019s top five customers represented approximately 43% ( 43 % ) of the segment 2019s net sales . the segment 2019s backlog was $ 2.6 billion at december 31 , 2007 , compared to $ 3.2 billion at december 31 , 2006 . in the home business , demand for the segment 2019s products depends primarily on the level of capital spending by broadband operators for constructing , rebuilding or upgrading their communications systems , and for offering advanced services . during the second quarter of 2007 , the segment began shipping digital set-tops that support the federal communications commission ( 201cfcc 201d ) 2014 mandated separable security requirement . fcc regulations mandating the separation of security functionality from set-tops went into effect on july 1 , 2007 . as a result of these regulations , many cable service providers accelerated their purchases of set-tops in the first half of 2007 . additionally , in 2007 , our digital video customers significantly increased their purchases of the segment 2019s products and services , primarily due to increased demand for digital entertainment devices , particularly hd/dvr devices . during 2007 , the segment completed the acquisitions of : ( i ) netopia , inc. , a broadband equipment provider for dsl customers , which allows for phone , tv and fast internet connections , ( ii ) tut systems , inc. , a leading developer of edge routing and video encoders , ( iii ) modulus video , inc. , a provider of mpeg-4 advanced coding compression systems designed for delivery of high-value video content in ip set-top devices for the digital video , broadcast and satellite marketplaces , ( iv ) terayon communication systems , inc. , a provider of real-time digital video networking applications to cable , satellite and telecommunication service providers worldwide , and ( v ) leapstone systems , inc. , a provider of intelligent multimedia service delivery and content management applications to networks operators . these acquisitions enhance our ability to provide complete end-to-end systems for the delivery of advanced video , voice and data services . in december 2007 , motorola completed the sale of ecc to emerson for $ 346 million in cash . enterprise mobility solutions segment the enterprise mobility solutions segment designs , manufactures , sells , installs and services analog and digital two-way radio , voice and data communications products and systems for private networks , wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets , including government and public safety agencies ( which , together with all sales to distributors of two-way communication products , are referred to as the 201cgovernment and public safety market 201d ) , as well as retail , energy and utilities , transportation , manufacturing , healthcare and other commercial customers ( which , collectively , are referred to as the 201ccommercial enterprise market 201d ) . in 2008 , the segment 2019s net sales represented 27% ( 27 % ) of the company 2019s consolidated net sales , compared to 21% ( 21 % ) in 2007 and 13% ( 13 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 2008</td><td>years ended december 31 2007</td><td>years ended december 31 2006</td><td>years ended december 31 2008 20142007</td><td>2007 20142006</td></tr><tr><td>2</td><td>segment net sales</td><td>$ 8093</td><td>$ 7729</td><td>$ 5400</td><td>5% ( 5 % )</td><td>43% ( 43 % )</td></tr><tr><td>3</td><td>operating earnings</td><td>1496</td><td>1213</td><td>958</td><td>23% ( 23 % )</td><td>27% ( 27 % )</td></tr></table> segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 5% ( 5 % ) to $ 8.1 billion , compared to $ 7.7 billion in 2007 . the 5% ( 5 % ) increase in net sales reflects an 8% ( 8 % ) increase in net sales to the government and public safety market , partially offset by a 2% ( 2 % ) decrease in net sales to the commercial enterprise market . the increase in net sales to the government and public safety market was primarily driven by : ( i ) increased net sales outside of north america , and ( ii ) the net sales generated by vertex standard co. , ltd. , a business the company acquired a controlling interest of in january 2008 , partially offset by lower net sales in north america . on a geographic basis , the segment 2019s net sales were higher in emea , asia and latin america and lower in north america . 65management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 068000000 ***%%pcmsg|65 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Question: what was the amount of the reduction in the segment 2019s backlog in 2007?
Answer: 2.6
Question: what was the amount in 2006?
| 3.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
note 10 . commitments and contingencies credit-related commitments and contingencies : credit-related financial instruments , which are off-balance sheet , include indemnified securities financing , unfunded commitments to extend credit or purchase assets , and standby letters of credit . the potential loss associated with indemnified securities financing , unfunded commitments and standby letters of credit is equal to the total gross contractual amount , which does not consider the value of any collateral . the following table summarizes the total gross contractual amounts of credit-related off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>indemnified securities financing</td><td>$ 365251</td><td>$ 324590</td></tr><tr><td>3</td><td>asset purchase agreements ( 1 )</td><td>8211</td><td>31780</td></tr><tr><td>4</td><td>unfunded commitments to extend credit</td><td>18078</td><td>20981</td></tr><tr><td>5</td><td>standby letters of credit</td><td>4784</td><td>6061</td></tr></table> ( 1 ) amount for 2009 excludes agreements related to the commercial paper conduits , which were consolidated in may 2009 ; see note 11 . approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of these commitments are expected to expire or renew without being drawn upon , the total commitment amount does not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 375.92 billion and $ 333.07 billion as collateral for indemnified securities on loan at december 31 , 2009 and 2008 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers in accordance with their guidelines . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 375.92 billion at december 31 , 2009 and $ 333.07 billion at december 31 , 2008 referenced above , $ 77.73 billion at december 31 , 2009 and $ 68.37 billion at december 31 , 2008 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 82.62 billion and $ 71.87 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2009 and december 31 , 2008 , respectively . legal proceedings : in the ordinary course of business , we and our subsidiaries are involved in disputes , litigation and regulatory inquiries and investigations , both pending and threatened . these matters , if resolved adversely against us , may result in monetary damages , fines and penalties or require changes in our business practices . the resolution of these proceedings is inherently difficult to predict . however , we do not believe that the amount of any judgment , settlement or other action arising from any pending proceeding will have a material adverse effect on our consolidated financial condition , although the outcome of certain of the matters described below may have a material adverse effect on our consolidated results of operations for the period in which such matter is resolved .
Question: what was the total in asset purchase agreements in 2009?
Answer: 8211.0
Question: and what was it in 2008?
Answer: 31780.0
Question: what was, then, the change over the year?
Answer: -23569.0
Question: what was the total in asset purchase agreements in 2008?
Answer: 31780.0
Question: and how much does that change represent in relation to this 2008 total, in percentage?
| -0.74163 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net income</td><td>$ 4372</td><td>$ 807</td><td>$ 3804</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>3318</td><td>7313</td><td>4578</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-212 ( 212 )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>-155 ( 155 )</td><td>280</td><td>236</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>121</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-140 ( 140 )</td><td>-119 ( 119 )</td><td>-97 ( 97 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7304</td><td>$ 7216</td><td>$ 7073</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2011 to 2013 time period . operating cash flow was favorably impacted in 2013 , compared with 2012 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by certain tnt express transaction-related charges , as well as changes in income tax receivables and payables . we paid a termination fee to tnt express of 20ac200 million ( $ 268 million ) under the agreement to terminate the merger protocol in the first quarter of 2013 . additionally , the cash payments for income taxes increased in 2013 compared with 2012 , and were impacted by the timing of current tax deductions . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2013 , we did not have any required , nor make any discretionary , contributions to our primary company-sponsored pension plans in the u.s . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 the remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2013 , the total of our worldwide holdings of cash and cash equivalents was $ 4.665 billion . approximately 45%-55% ( 45%-55 % ) of cash and cash equivalents was held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what is the net change in value of cash from operating activities from 2012 to 2013?
| 88.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the following table summarizes the changes in the company 2019s valuation allowance: . <table class='wikitable'><tr><td>1</td><td>balance at january 1 2011</td><td>$ 23788</td></tr><tr><td>2</td><td>increases in current period tax positions</td><td>1525</td></tr><tr><td>3</td><td>decreases in current period tax positions</td><td>-3734 ( 3734 )</td></tr><tr><td>4</td><td>balance at december 31 2011</td><td>$ 21579</td></tr><tr><td>5</td><td>increases in current period tax positions</td><td>0</td></tr><tr><td>6</td><td>decreases in current period tax positions</td><td>-2059 ( 2059 )</td></tr><tr><td>7</td><td>balance at december 31 2012</td><td>$ 19520</td></tr><tr><td>8</td><td>increases in current period tax positions</td><td>0</td></tr><tr><td>9</td><td>decreases in current period tax positions</td><td>-5965 ( 5965 )</td></tr><tr><td>10</td><td>balance at december 31 2013</td><td>$ 13555</td></tr></table> included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance . note 14 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations . benefits under the plans are based on the employee 2019s years of service and compensation . the pension plans have been closed for all employees . the pension plans were closed for most employees hired on or after january 1 , 2006 . union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement . union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan . the company does not participate in a multiemployer plan . the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost . further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 . the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position . pension plan assets are invested in a number of actively managed and indexed investments including equity and bond mutual funds , fixed income securities , guaranteed interest contracts with insurance companies and real estate investment trusts ( 201creits 201d ) . pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans . ( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees . the company maintains other postretirement benefit plans providing varying levels of medical and life insurance to eligible retirees . the retiree welfare plans are closed for union employees hired on or after january 1 , 2006 . the plans had previously closed for non-union employees hired on or after january 1 , 2002 . the company 2019s policy is to fund other postretirement benefit costs for rate-making purposes . assets of the plans are invested in equity mutual funds , bond mutual funds and fixed income securities. .
Question: what was the decrease in the tax position in 2011?
Answer: 3734.0
Question: and what was it in 2012?
Answer: 2059.0
Question: what was, then, the total decrease in the tax position for both years?
Answer: 5793.0
Question: including now 2013, what then becomes the total decrease for the three years combined?
Answer: 11758.0
Question: and what is the average decrease between those three years?
| 3919.33333 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Question: what is the amount of gas supplied from us onshore?
| 736.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .
Question: what was the value of unrecognized tax benefits at the end of 2012?
Answer: 82.0
Question: what was the value at the end of 2011?
Answer: 107.0
Question: what is the net change in value?
Answer: -25.0
Question: what is the 2011 value?
| 107.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
entergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 14215</td><td>$ 15794</td><td>$ 442</td><td>$ 4737</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 . the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility . as of december 31 , 2016 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility . in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations under miso . as of december 31 , 2016 , a $ 6.2 million letter of credit was outstanding under entergy new orleans 2019s letter of credit facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy new orleans obtained authorization from the ferc through october 2017 for short-term borrowings not to exceed an aggregate amount of $ 100 million at any time outstanding . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized by the city council , and the current authorization extends through june 2018 . state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity . entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers . retail rates see 201calgiers asset transfer 201d below for discussion of the transfer from entergy louisiana to entergy new orleans of certain assets that serve algiers customers . in march 2013 , entergy louisiana filed a rate case for the algiers area , which is in new orleans and is regulated by the city council . entergy louisiana requested a rate increase of $ 13 million over three years , including a 10.4% ( 10.4 % ) return on common equity and a formula rate plan mechanism identical to its lpsc request . in january 2014 the city council advisors filed direct testimony recommending a rate increase of $ 5.56 million over three years , including an 8.13% ( 8.13 % ) return on common equity . in june 2014 the city council unanimously approved a settlement that includes the following : 2022 a $ 9.3 million base rate revenue increase to be phased in on a levelized basis over four years ; 2022 recovery of an additional $ 853 thousand annually through a miso recovery rider ; and 2022 the adoption of a four-year formula rate plan requiring the filing of annual evaluation reports in may of each year , commencing may 2015 , with resulting rates being implemented in october of each year . the formula rate plan includes a midpoint target authorized return on common equity of 9.95% ( 9.95 % ) with a +/- 40 basis point bandwidth . the rate increase was effective with bills rendered on and after the first billing cycle of july 2014 . additional compliance filings were made with the city council in october 2014 for approval of the form of certain rate riders , including among others , a ninemile 6 non-fuel cost recovery interim rider , allowing for contemporaneous recovery of capacity .
Question: what was the amount of receivables in 2016?
Answer: 14215.0
Question: and what was it in 2015?
| 15794.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
underlying physical transaction occurs . we have not qualified commodity derivative instruments used in our osm or rm&t segments for hedge accounting . as a result , we recognize in net income all changes in the fair value of derivative instruments used in those operations . open commodity derivative positions as of december 31 , 2008 and sensitivity analysis at december 31 , 2008 , our e&p segment held open derivative contracts to mitigate the price risk on natural gas held in storage or purchased to be marketed with our own natural gas production in amounts that were in line with normal levels of activity . at december 31 , 2008 , we had no significant open derivative contracts related to our future sales of liquid hydrocarbons and natural gas and therefore remained substantially exposed to market prices of these commodities . the osm segment holds crude oil options which were purchased by western for a three year period ( january 2007 to december 2009 ) . the premiums for the purchased put options had been partially offset through the sale of call options for the same three-year period , resulting in a net premium liability . payment of the net premium liability is deferred until the settlement of the option contracts . as of december 31 , 2008 , the following put and call options were outstanding: . <table class='wikitable'><tr><td>1</td><td>option expiration date</td><td>2009</td></tr><tr><td>2</td><td>option contract volumes ( barrels per day ) :</td><td>-</td></tr><tr><td>3</td><td>put options purchased</td><td>20000</td></tr><tr><td>4</td><td>call options sold</td><td>15000</td></tr><tr><td>5</td><td>average exercise price ( dollars per barrel ) :</td><td>-</td></tr><tr><td>6</td><td>put options</td><td>$ 50.50</td></tr><tr><td>7</td><td>call options</td><td>$ 90.50</td></tr></table> in the first quarter of 2009 , we sold derivative instruments at an average exercise price of $ 50.50 which effectively offset the open put options for the remainder of 2009 . at december 31 , 2008 , the number of open derivative contracts held by our rm&t segment was lower than in previous periods . starting in the second quarter of 2008 , we decreased our use of derivatives to mitigate crude oil price risk between the time that domestic spot crude oil purchases are priced and when they are actually refined into salable petroleum products . instead , we are addressing this price risk through other means , including changes in contractual terms and crude oil acquisition practices . additionally , in previous periods , certain contracts in our rm&t segment for the purchase or sale of commodities were not qualified or designated as normal purchase or normal sales under generally accepted accounting principles and therefore were accounted for as derivative instruments . during the second quarter of 2008 , as we decreased our use of derivatives , we began to designate such contracts for the normal purchase and normal sale exclusion. .
Question: based on the average exercise price displayed on the list, what was the full value of the put options purchased?
| 1010000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
application of specific accounting literature . for the nonconsolidated proprietary tob trusts and qspe tob trusts , the company recognizes only its residual investment on its balance sheet at fair value and the third-party financing raised by the trusts is off-balance sheet . the following table summarizes selected cash flow information related to municipal bond securitizations for the years 2008 , 2007 and 2006 : in billions of dollars 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>proceeds from new securitizations</td><td>$ 1.2</td><td>$ 10.5</td><td>2014</td></tr><tr><td>3</td><td>cash flows received on retained interests and other net cash flows</td><td>0.5</td><td>2014</td><td>2014</td></tr></table> cash flows received on retained interests and other net cash flows 0.5 2014 2014 municipal investments municipal investment transactions represent partnerships that finance the construction and rehabilitation of low-income affordable rental housing . the company generally invests in these partnerships as a limited partner and earns a return primarily through the receipt of tax credits earned from the affordable housing investments made by the partnership . client intermediation client intermediation transactions represent a range of transactions designed to provide investors with specified returns based on the returns of an underlying security , referenced asset or index . these transactions include credit-linked notes and equity-linked notes . in these transactions , the spe typically obtains exposure to the underlying security , referenced asset or index through a derivative instrument , such as a total-return swap or a credit-default swap . in turn the spe issues notes to investors that pay a return based on the specified underlying security , referenced asset or index . the spe invests the proceeds in a financial asset or a guaranteed insurance contract ( gic ) that serves as collateral for the derivative contract over the term of the transaction . the company 2019s involvement in these transactions includes being the counterparty to the spe 2019s derivative instruments and investing in a portion of the notes issued by the spe . in certain transactions , the investor 2019s maximum risk of loss is limited and the company absorbs risk of loss above a specified level . the company 2019s maximum risk of loss in these transactions is defined as the amount invested in notes issued by the spe and the notional amount of any risk of loss absorbed by the company through a separate instrument issued by the spe . the derivative instrument held by the company may generate a receivable from the spe ( for example , where the company purchases credit protection from the spe in connection with the spe 2019s issuance of a credit-linked note ) , which is collateralized by the assets owned by the spe . these derivative instruments are not considered variable interests under fin 46 ( r ) and any associated receivables are not included in the calculation of maximum exposure to the spe . structured investment vehicles structured investment vehicles ( sivs ) are spes that issue junior notes and senior debt ( medium-term notes and short-term commercial paper ) to fund the purchase of high quality assets . the junior notes are subject to the 201cfirst loss 201d risk of the sivs . the sivs provide a variable return to the junior note investors based on the net spread between the cost to issue the senior debt and the return realized by the high quality assets . the company acts as manager for the sivs and , prior to december 13 , 2007 , was not contractually obligated to provide liquidity facilities or guarantees to the sivs . in response to the ratings review of the outstanding senior debt of the sivs for a possible downgrade announced by two ratings agencies and the continued reduction of liquidity in the siv-related asset-backed commercial paper and medium-term note markets , on december 13 , 2007 , citigroup announced its commitment to provide support facilities that would support the sivs 2019 senior debt ratings . as a result of this commitment , citigroup became the sivs 2019 primary beneficiary and began consolidating these entities . on february 12 , 2008 , citigroup finalized the terms of the support facilities , which took the form of a commitment to provide $ 3.5 billion of mezzanine capital to the sivs in the event the market value of their junior notes approaches zero . the mezzanine capital facility was increased by $ 1 billion to $ 4.5 billion , with the additional commitment funded during the fourth quarter of 2008 . the facilities rank senior to the junior notes but junior to the commercial paper and medium-term notes . the facilities were at arm 2019s-length terms . interest was paid on the drawn amount of the facilities and a per annum fee was paid on the unused portion . during the period to november 18 , 2008 , the company wrote down $ 3.3 billion on siv assets . in order to complete the wind-down of the sivs , the company , in a nearly cashless transaction , purchased the remaining assets of the sivs at fair value , with a trade date of november 18 , 2008 . the company funded the purchase of the siv assets by assuming the obligation to pay amounts due under the medium-term notes issued by the sivs , as the medium-term notes mature . the net funding provided by the company to fund the purchase of the siv assets was $ 0.3 billion . as of december 31 , 2008 , the carrying amount of the purchased siv assets was $ 16.6 billion , of which $ 16.5 billion is classified as htm assets . investment funds the company is the investment manager for certain investment funds that invest in various asset classes including private equity , hedge funds , real estate , fixed income and infrastructure . the company earns a management fee , which is a percentage of capital under management , and may earn performance fees . in addition , for some of these funds the company has an ownership interest in the investment funds . the company has also established a number of investment funds as opportunities for qualified employees to invest in private equity investments . the company acts as investment manager to these funds and may provide employees with financing on both a recourse and non-recourse basis for a portion of the employees 2019 investment commitments. .
Question: what are the proceeds from new securitizations in 2008?
Answer: 1.2
Question: what about in 2007?
Answer: 10.5
Question: what is the net change?
Answer: -9.3
Question: what percentage change does this represent?
| -0.88571 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
at december 31 , 2009 , aon had domestic federal operating loss carryforwards of $ 7 million that will expire at various dates from 2010 to 2024 , state operating loss carryforwards of $ 513 million that will expire at various dates from 2010 to 2028 , and foreign operating and capital loss carryforwards of $ 453 million and $ 252 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax benefits the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 86</td><td>$ 70</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>2</td><td>5</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>5</td><td>12</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-11 ( 11 )</td><td>-11 ( 11 )</td></tr><tr><td>6</td><td>settlements</td><td>-10 ( 10 )</td><td>-4 ( 4 )</td></tr><tr><td>7</td><td>lapse of statute of limitations</td><td>-3 ( 3 )</td><td>-1 ( 1 )</td></tr><tr><td>8</td><td>acquisitions</td><td>6</td><td>21</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>-6 ( 6 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 77</td><td>$ 86</td></tr></table> as of december 31 , 2009 , $ 61 million of unrecognized tax benefits would impact the effective tax rate if recognized . aon does not expect the unrecognized tax positions to change significantly over the next twelve months . the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes . aon accrued potential penalties of less than $ 1 million during each of 2009 , 2008 and 2007 . aon accrued interest of $ 2 million during 2009 and less than $ 1 million during both 2008 and 2007 . as of december 31 , 2009 and 2008 , aon has recorded a liability for penalties of $ 5 million and $ 4 million , respectively , and for interest of $ 18 million and $ 14 million , respectively . aon and its subsidiaries file income tax returns in the u.s . federal jurisdiction as well as various state and international jurisdictions . aon has substantially concluded all u.s . federal income tax matters for years through 2006 . material u.s . state and local income tax jurisdiction examinations have been concluded for years through 2002 . aon has concluded income tax examinations in its primary international jurisdictions through 2002. .
Question: how much does the liability for interest in 2009 represent in relation to the one in 2008?
Answer: 1.28571
Question: and what was is the difference between this value and the number one?
| 0.28571 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
our refineries processed 944 mbpd of crude oil and 207 mbpd of other charge and blend stocks . the table below sets forth the location and daily crude oil refining capacity of each of our refineries as of december 31 , 2008 . crude oil refining capacity ( thousands of barrels per day ) 2008 . <table class='wikitable'><tr><td>1</td><td>( thousands of barrels per day )</td><td>2008</td></tr><tr><td>2</td><td>garyville louisiana</td><td>256</td></tr><tr><td>3</td><td>catlettsburg kentucky</td><td>226</td></tr><tr><td>4</td><td>robinson illinois</td><td>204</td></tr><tr><td>5</td><td>detroit michigan</td><td>102</td></tr><tr><td>6</td><td>canton ohio</td><td>78</td></tr><tr><td>7</td><td>texas city texas</td><td>76</td></tr><tr><td>8</td><td>st . paul park minnesota</td><td>74</td></tr><tr><td>9</td><td>total</td><td>1016</td></tr></table> our refineries include crude oil atmospheric and vacuum distillation , fluid catalytic cracking , catalytic reforming , desulfurization and sulfur recovery units . the refineries process a wide variety of crude oils and produce numerous refined products , ranging from transportation fuels , such as reformulated gasolines , blend- grade gasolines intended for blending with fuel ethanol and ultra-low sulfur diesel fuel , to heavy fuel oil and asphalt . additionally , we manufacture aromatics , cumene , propane , propylene , sulfur and maleic anhydride . our refineries are integrated with each other via pipelines , terminals and barges to maximize operating efficiency . the transportation links that connect our refineries allow the movement of intermediate products between refineries to optimize operations , produce higher margin products and utilize our processing capacity efficiently . our garyville , louisiana , refinery is located along the mississippi river in southeastern louisiana . the garyville refinery processes heavy sour crude oil into products such as gasoline , distillates , sulfur , asphalt , propane , polymer grade propylene , isobutane and coke . in 2006 , we approved an expansion of our garyville refinery by 180 mbpd to 436 mbpd , with a currently projected cost of $ 3.35 billion ( excluding capitalized interest ) . construction commenced in early 2007 and is continuing on schedule . we estimate that , as of december 31 , 2008 , this project is approximately 75 percent complete . we expect to complete the expansion in late 2009 . our catlettsburg , kentucky , refinery is located in northeastern kentucky on the western bank of the big sandy river , near the confluence with the ohio river . the catlettsburg refinery processes sweet and sour crude oils into products such as gasoline , asphalt , diesel , jet fuel , petrochemicals , propane , propylene and sulfur . our robinson , illinois , refinery is located in the southeastern illinois town of robinson . the robinson refinery processes sweet and sour crude oils into products such as multiple grades of gasoline , jet fuel , kerosene , diesel fuel , propane , propylene , sulfur and anode-grade coke . our detroit , michigan , refinery is located near interstate 75 in southwest detroit . the detroit refinery processes light sweet and heavy sour crude oils , including canadian crude oils , into products such as gasoline , diesel , asphalt , slurry , propane , chemical grade propylene and sulfur . in 2007 , we approved a heavy oil upgrading and expansion project at our detroit , michigan , refinery , with a current projected cost of $ 2.2 billion ( excluding capitalized interest ) . this project will enable the refinery to process additional heavy sour crude oils , including canadian bitumen blends , and will increase its crude oil refining capacity by about 15 percent . construction began in the first half of 2008 and is presently expected to be complete in mid-2012 . our canton , ohio , refinery is located approximately 60 miles southeast of cleveland , ohio . the canton refinery processes sweet and sour crude oils into products such as gasoline , diesel fuels , kerosene , propane , sulfur , asphalt , roofing flux , home heating oil and no . 6 industrial fuel oil . our texas city , texas , refinery is located on the texas gulf coast approximately 30 miles south of houston , texas . the refinery processes sweet crude oil into products such as gasoline , propane , chemical grade propylene , slurry , sulfur and aromatics . our st . paul park , minnesota , refinery is located in st . paul park , a suburb of minneapolis-st . paul . the st . paul park refinery processes predominantly canadian crude oils into products such as gasoline , diesel , jet fuel , kerosene , asphalt , propane , propylene and sulfur. .
Question: as of december 31, 2008, what was the amount of the crude oil refining capacity that was located in detroit michigan?
Answer: 102.0
Question: and what was that crude oil refining capacity?
| 1016.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .
Question: for the years of 2006 and 2007, what was the combined total of additions, in thousands?
Answer: 197775.0
Question: and what were those additions in 2008?
Answer: 103.698
Question: including, then, 2008, what becomes that total of additions?
Answer: 301473.0
Question: and what was the average between the three years?
Answer: 100491.0
Question: and only between the years of 2007 and 2008, what was the change in the deductions?
Answer: -68492.0
Question: what is this change as a percentage of those deductions in 2007?
| -0.8534 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . . <table class='wikitable'><tr><td>1</td><td>-</td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Question: what is 100 divided by the percent of reserve conversions?
Answer: 3.84615
Question: what was the number of mmboe?
Answer: 182.0
Question: what is the former quotient by the number of mmboe?
| 700.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 . shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share . the company did not sell any shares in , or receive any proceeds from , the secondary offering . concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc . pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering . these shares were retired on december 21 , 2005 . 10 . commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment . operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases . the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years . the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2006</td><td>$ 24569</td></tr><tr><td>2</td><td>2007</td><td>21086</td></tr><tr><td>3</td><td>2008</td><td>14716</td></tr><tr><td>4</td><td>2009</td><td>9801</td></tr><tr><td>5</td><td>2010</td><td>6670</td></tr><tr><td>6</td><td>thereafter</td><td>37130</td></tr><tr><td>7</td><td>total</td><td>$ 113972</td></tr></table> capital lease obligations were not significant to the accompanying financial statements . total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively . these costs are included in cost of goods sold and selling and administrative expenses. .
Question: what was total lease expense in 2005?
Answer: 35.8
Question: what was it in 2004?
| 33.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
impairment of long-lived assets based on the projection of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amounts of such assets may not be recoverable . in the event such cash flows are not expected to be sufficient to recover the recorded value of the assets , the assets are written down to their estimated fair values ( see note 5 ) . asset retirement obligations 2014effective january 1 , 2003 , the company adopted statement of financial accounting standards ( 2018 2018sfas 2019 2019 ) no . 143 , 2018 2018accounting for asset retirement obligations . 2019 2019 sfas no . 143 requires the company to record the fair value of a legal liability for an asset retirement obligation in the period in which it is incurred . when a new liability is recorded the company will capitalize the costs of the liability by increasing the carrying amount of the related long-lived asset . the liability is accreted to its present value each period and the capitalized cost is depreciated over the useful life of the related asset . upon settlement of the liability , the company settles the obligation for its recorded amount or incurs a gain or loss upon settlement . the company 2019s retirement obligations covered by sfas no . 143 include primarily active ash landfills , water treatment basins and the removal or dismantlement of certain plant and equipment . as of december 31 , 2003 and 2002 , the company had recorded liabilities of approximately $ 29 million and $ 15 million , respectively , related to asset retirement obligations . there are no assets that are legally restricted for purposes of settling asset retirement obligations . upon adoption of sfas no . 143 , the company recorded an additional liability of approximately $ 13 million , a net asset of approximately $ 9 million , and a cumulative effect of a change in accounting principle of approximately $ 2 million , after income taxes . amounts recorded related to asset retirement obligations during the years ended december 31 , 2003 were as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>balance at december 31 2002</td><td>$ 15</td></tr><tr><td>2</td><td>additional liability recorded from cumulative effect of accounting change</td><td>13</td></tr><tr><td>3</td><td>accretion expense</td><td>2</td></tr><tr><td>4</td><td>change in the timing of estimated cash flows</td><td>-1 ( 1 )</td></tr><tr><td>5</td><td>balance at december 31 2003</td><td>$ 29</td></tr></table> proforma net ( loss ) income and ( loss ) earnings per share have not been presented for the years ended december 31 , 2002 and 2001 because the proforma application of sfas no . 143 to prior periods would result in proforma net ( loss ) income and ( loss ) earnings per share not materially different from the actual amounts reported for those periods in the accompanying consolidated statements of operations . had sfas 143 been applied during all periods presented the asset retirement obligation at january 1 , 2001 , december 31 , 2001 and december 31 , 2002 would have been approximately $ 21 million , $ 23 million and $ 28 million , respectively . included in other long-term liabilities is the accrual for the non-legal obligations for removal of assets in service at ipalco amounting to $ 361 million and $ 339 million at december 31 , 2003 and 2002 , respectively . deferred financing costs 2014financing costs are deferred and amortized over the related financing period using the effective interest method or the straight-line method when it does not differ materially from the effective interest method . deferred financing costs are shown net of accumulated amortization of $ 202 million and $ 173 million as of december 31 , 2003 and 2002 , respectively . project development costs 2014the company capitalizes the costs of developing new construction projects after achieving certain project-related milestones that indicate the project 2019s completion is probable . these costs represent amounts incurred for professional services , permits , options , capitalized interest , and other costs directly related to construction . these costs are transferred to construction in progress when significant construction activity commences , or expensed at the time the company determines that development of a particular project is no longer probable ( see note 5 ) . .
Question: what was the change in the balance of liabilities related to asset retirement obligations throughout 2003?
| 14.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
westrock company notes to consolidated financial statements 2014 ( continued ) our results of operations for the fiscal years ended september 30 , 2019 , 2018 and 2017 include share-based compensation expense of $ 64.2 million , $ 66.8 million and $ 60.9 million , respectively , including $ 2.9 million included in the gain on sale of hh&b in fiscal 2017 . share-based compensation expense in fiscal 2017 was reduced by $ 5.4 million for the rescission of shares granted to our ceo that were inadvertently granted in excess of plan limits in fiscal 2014 and 2015 . the total income tax benefit in the results of operations in connection with share-based compensation was $ 16.3 million , $ 19.4 million and $ 22.5 million , for the fiscal years ended september 30 , 2019 , 2018 and 2017 , respectively . cash received from share-based payment arrangements for the fiscal years ended september 30 , 2019 , 2018 and 2017 was $ 61.5 million , $ 44.4 million and $ 59.2 million , respectively . equity awards issued in connection with acquisitions in connection with the kapstone acquisition , we replaced certain outstanding awards of restricted stock units granted under the kapstone long-term incentive plan with westrock stock options and restricted stock units . no additional shares will be granted under the kapstone plan . the kapstone equity awards were replaced with awards with identical terms utilizing an approximately 0.83 conversion factor as described in the merger agreement . the acquisition consideration included approximately $ 70.8 million related to outstanding kapstone equity awards related to service prior to the effective date of the kapstone acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . as part of the kapstone acquisition , we issued 2665462 options that were valued at a weighted average fair value of $ 20.99 per share using the black-scholes option pricing model . the weighted average significant assumptions used were: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td></tr><tr><td>2</td><td>expected term in years</td><td>3.1</td></tr><tr><td>3</td><td>expected volatility</td><td>27.7% ( 27.7 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>3.0% ( 3.0 % )</td></tr><tr><td>5</td><td>dividend yield</td><td>4.1% ( 4.1 % )</td></tr></table> in connection with the mps acquisition , we replaced certain outstanding awards of restricted stock units granted under the mps long-term incentive plan with westrock restricted stock units . no additional shares will be granted under the mps plan . the mps equity awards were replaced with identical terms utilizing an approximately 0.33 conversion factor as described in the merger agreement . as part of the mps acquisition , we granted 119373 awards of restricted stock units , which contain service conditions and were valued at $ 54.24 per share . the acquisition consideration included approximately $ 1.9 million related to outstanding mps equity awards related to service prior to the effective date of the mps acquisition 2013 the balance related to service after the effective date will be expensed over the remaining service period of the awards . stock options and stock appreciation rights stock options granted under our plans generally have an exercise price equal to the closing market price on the date of the grant , generally vest in three years , in either one tranche or in approximately one-third increments , and have 10-year contractual terms . however , a portion of our grants are subject to earlier expense recognition due to retirement eligibility rules . presently , other than circumstances such as death , disability and retirement , grants will include a provision requiring both a change of control and termination of employment to accelerate vesting . at the date of grant , we estimate the fair value of stock options granted using a black-scholes option pricing model . we use historical data to estimate option exercises and employee terminations in determining the expected term in years for stock options . expected volatility is calculated based on the historical volatility of our stock . the risk-free interest rate is based on u.s . treasury securities in effect at the date of the grant of the stock options . the dividend yield is estimated based on our historic annual dividend payments and current expectations for the future . other than in connection with replacement awards in connection with acquisitions , we did not grant any stock options in fiscal 2019 , 2018 and 2017. .
Question: how many shares were issued as part of kapstone acquisition?
| 2665462.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
construction of cvn-79 john f . kennedy , construction of the u.s . coast guard 2019s fifth national security cutter ( unnamed ) , advance planning efforts for the cvn-72 uss abraham lincoln rcoh , and continued execution of the cvn-71 uss theodore roosevelt rcoh . 2010 2014the value of new contract awards during the year ended december 31 , 2010 , was approximately $ 3.6 billion . significant new awards during this period included $ 480 million for the construction of the u.s . coast guard 2019s fourth national security cutter hamilton , $ 480 million for design and long-lead material procurement activities for the cvn-79 john f . kennedy aircraft carrier , $ 377 million for cvn-78 gerald r . ford , $ 224 million for lha-7 ( unnamed ) , $ 184 million for lpd-26 john p . murtha , $ 114 million for ddg-114 ralph johnson and $ 62 million for long-lead material procurement activities for lpd-27 ( unnamed ) . liquidity and capital resources we endeavor to ensure the most efficient conversion of operating results into cash for deployment in operating our businesses and maximizing stockholder value . we use various financial measures to assist in capital deployment decision making , including net cash provided by operating activities and free cash flow . we believe these measures are useful to investors in assessing our financial performance . the table below summarizes key components of cash flow provided by ( used in ) operating activities: . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>year ended december 31 2011</td><td>year ended december 31 2010</td><td>year ended december 31 2009</td></tr><tr><td>2</td><td>net earnings ( loss )</td><td>$ -94 ( 94 )</td><td>$ 135</td><td>$ 124</td></tr><tr><td>3</td><td>goodwill impairment</td><td>290</td><td>0</td><td>0</td></tr><tr><td>4</td><td>deferred income taxes</td><td>27</td><td>-19 ( 19 )</td><td>-98 ( 98 )</td></tr><tr><td>5</td><td>depreciation and amortization</td><td>190</td><td>183</td><td>186</td></tr><tr><td>6</td><td>stock-based compensation</td><td>42</td><td>0</td><td>0</td></tr><tr><td>7</td><td>retiree benefit funding less than ( in excess of ) expense</td><td>122</td><td>33</td><td>-28 ( 28 )</td></tr><tr><td>8</td><td>trade working capital decrease ( increase )</td><td>-49 ( 49 )</td><td>27</td><td>-272 ( 272 )</td></tr><tr><td>9</td><td>net cash provided by ( used in ) operating activities</td><td>$ 528</td><td>$ 359</td><td>$ -88 ( 88 )</td></tr></table> cash flows we discuss below our major operating , investing and financing activities for each of the three years in the period ended december 31 , 2011 , as classified on our consolidated statements of cash flows . operating activities 2011 2014cash provided by operating activities was $ 528 million in 2011 compared with $ 359 million in 2010 . the increase of $ 169 million was due principally to increased earnings net of impairment charges and lower pension contributions , offset by an increase in trade working capital . net cash paid by northrop grumman on our behalf for u.s . federal income tax obligations was $ 53 million . we expect cash generated from operations for 2012 to be sufficient to service debt , meet contract obligations , and finance capital expenditures . although 2012 cash from operations is expected to be sufficient to service these obligations , we may from time to time borrow funds under our credit facility to accommodate timing differences in cash flows . 2010 2014net cash provided by operating activities was $ 359 million in 2010 compared with cash used of $ 88 million in 2009 . the change of $ 447 million was due principally to a decrease in discretionary pension contributions of $ 97 million , a decrease in trade working capital of $ 299 million , and a decrease in deferred income taxes of $ 79 million . in 2009 , trade working capital balances included the unfavorable impact of delayed customer billings associated with the negative performance adjustments on the lpd-22 through lpd-25 contract due to projected cost increases at completion . see note 7 : contract charges in item 8 . the change in deferred taxes was due principally to the timing of contract related deductions . u.s . federal income tax payments made by northrop grumman on our behalf were $ 89 million in 2010. .
Question: what is the net cash flow by operating activities in 2010?
Answer: 359.0
Question: what about in 2009?
Answer: -88.0
Question: what is the difference among these years?
Answer: 447.0
Question: what is the net cash flow by operating activities in 2099?
Answer: 88.0
Question: what percentage change does this represent?
| 5.07955 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/02</td><td>12/03</td><td>12/04</td><td>12/05</td><td>12/06</td><td>12/07</td></tr><tr><td>2</td><td>e*trade financial corporation</td><td>100.00</td><td>260.29</td><td>307.61</td><td>429.22</td><td>461.32</td><td>73.05</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>s&p super cap diversified financials</td><td>100.00</td><td>139.29</td><td>156.28</td><td>170.89</td><td>211.13</td><td>176.62</td></tr></table> 2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends . fiscal year ending december 31 . 2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm .
Question: what was the value of e*trade financial corp as of 12/07?
Answer: 73.05
Question: what is the value less a $100 initial investment?
| -26.95 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
2022 through the u.s . attorney 2019s office for the district of maryland , the office of the inspector general ( 201coig 201d ) for the small business administration ( 201csba 201d ) has served a subpoena on pnc requesting documents concerning pnc 2019s relationship with , including sba-guaranteed loans made through , a broker named jade capital investments , llc ( 201cjade 201d ) , as well as information regarding other pnc-originated sba guaranteed loans made to businesses located in the state of maryland , the commonwealth of virginia , and washington , dc . certain of the jade loans have been identified in an indictment and subsequent superseding indictment charging persons associated with jade with conspiracy to commit bank fraud , substantive violations of the federal bank fraud statute , and money laundering . pnc is cooperating with the u.s . attorney 2019s office for the district of maryland . our practice is to cooperate fully with regulatory and governmental investigations , audits and other inquiries , including those described in this note 23 . in addition to the proceedings or other matters described above , pnc and persons to whom we may have indemnification obligations , in the normal course of business , are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted . we do not anticipate , at the present time , that the ultimate aggregate liability , if any , arising out of such other legal proceedings will have a material adverse effect on our financial position . however , we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations , whether in the proceedings or other matters described above or otherwise , will have a material adverse effect on our results of operations in any future reporting period , which will depend on , among other things , the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period . see note 24 commitments and guarantees for additional information regarding the visa indemnification and our other obligations to provide indemnification , including to current and former officers , directors , employees and agents of pnc and companies we have acquired . note 24 commitments and guarantees equity funding and other commitments our unfunded commitments at december 31 , 2013 included private equity investments of $ 164 million . standby letters of credit we issue standby letters of credit and have risk participations in standby letters of credit issued by other financial institutions , in each case to support obligations of our customers to third parties , such as insurance requirements and the facilitation of transactions involving capital markets product execution . net outstanding standby letters of credit and internal credit ratings were as follows : table 151 : net outstanding standby letters of credit dollars in billions december 31 december 31 net outstanding standby letters of credit ( a ) $ 10.5 $ 11.5 internal credit ratings ( as a percentage of portfolio ) : . <table class='wikitable'><tr><td>1</td><td>dollars in billions</td><td>december 31 2013</td><td>december 312012</td></tr><tr><td>2</td><td>net outstanding standby letters of credit ( a )</td><td>$ 10.5</td><td>$ 11.5</td></tr><tr><td>3</td><td>internal credit ratings ( as a percentage of portfolio ) :</td><td>-</td><td>-</td></tr><tr><td>4</td><td>pass ( b )</td><td>96% ( 96 % )</td><td>95% ( 95 % )</td></tr><tr><td>5</td><td>below pass ( c )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> ( a ) the amounts above exclude participations in standby letters of credit of $ 3.3 billion and $ 3.2 billion to other financial institutions as of december 31 , 2013 and december 31 , 2012 , respectively . the amounts above include $ 6.6 billion and $ 7.5 billion which support remarketing programs at december 31 , 2013 and december 31 , 2012 , respectively . ( b ) indicates that expected risk of loss is currently low . ( c ) indicates a higher degree of risk of default . if the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program , then upon a draw by a beneficiary , subject to the terms of the letter of credit , we would be obligated to make payment to them . the standby letters of credit outstanding on december 31 , 2013 had terms ranging from less than 1 year to 6 years . as of december 31 , 2013 , assets of $ 2.0 billion secured certain specifically identified standby letters of credit . in addition , a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers 2019 other obligations to us . the carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $ 218 million at december 31 , 2013 . standby bond purchase agreements and other liquidity facilities we enter into standby bond purchase agreements to support municipal bond obligations . at december 31 , 2013 , the aggregate of our commitments under these facilities was $ 1.3 billion . we also enter into certain other liquidity facilities to support individual pools of receivables acquired by commercial paper conduits . there were no commitments under these facilities at december 31 , 2013 . 212 the pnc financial services group , inc . 2013 form 10-k .
Question: as of december 31, 2013, what would be, in billions, the total balance of net outstanding standby letters of credit including the letters of credit for other financial institutions?
| 13.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
kimco realty corporation and subsidiaries notes to consolidated financial statements , continued uncertain tax positions : the company is subject to income tax in certain jurisdictions outside the u.s. , principally canada and mexico . the statute of limitations on assessment of tax varies from three to seven years depending on the jurisdiction and tax issue . tax returns filed in each jurisdiction are subject to examination by local tax authorities . the company is currently under audit by the canadian revenue agency , mexican tax authority and the u.s . internal revenue service ( 201cirs 201d ) . in october 2011 , the irs issued a notice of proposed adjustment , which proposes pursuant to section 482 of the code , to disallow a capital loss claimed by krs on the disposition of common shares of valad property ltd. , an australian publicly listed company . because the adjustment is being made pursuant to section 482 of the code , the irs believes it can assert a 100 percent 201cpenalty 201d tax pursuant to section 857 ( b ) ( 7 ) of the code and disallow the capital loss deduction . the notice of proposed adjustment indicates the irs 2019 intention to impose the 100 percent 201cpenalty 201d tax on the company in the amount of $ 40.9 million and disallowing the capital loss claimed by krs . the company and its outside counsel have considered the irs 2019 assessment and believe that there is sufficient documentation establishing a valid business purpose for the transfer , including recent case history showing support for similar positions . accordingly , the company strongly disagrees with the irs 2019 position on the application of section 482 of the code to the disposition of the shares , the imposition of the 100 percent penalty tax and the simultaneous assertion of the penalty tax and disallowance of the capital loss deduction . the company received a notice of proposed assessment and filed a written protest and requested an irs appeals office conference . an appeals hearing was attended by management and its attorneys , the irs compliance group and an irs appeals officer in november , 2014 , at which time irs compliance presented arguments in support of their position , as noted herein . management and its attorneys presented rebuttal arguments in support of its position . the matter is currently under consideration by the appeals officer . the company intends to vigorously defend its position in this matter and believes it will prevail . resolutions of these audits are not expected to have a material effect on the company 2019s financial statements . during 2013 , the company early adopted asu 2013-11 prospectively and reclassified a portion of its reserve for uncertain tax positions . the reserve for uncertain tax positions included amounts related to the company 2019s canadian operations . the company has unrecognized tax benefits reported as deferred tax assets and are available to settle adjustments made with respect to the company 2019s uncertain tax positions in canada . the company reduced its reserve for uncertain tax positions by $ 12.3 million associated with its canadian operations and reduced its deferred tax assets in accordance with asu 2013-11 . the company does not believe that the total amount of unrecognized tax benefits as of december 31 , 2014 , will significantly increase or decrease within the next 12 months . as of december 31 , 2014 , the company 2019s canadian uncertain tax positions , which reduce its deferred tax assets , aggregated $ 10.4 million . the liability for uncertain tax benefits principally consists of estimated foreign , federal and state income tax liabilities in years for which the statute of limitations is open . open years range from 2008 through 2014 and vary by jurisdiction and issue . the aggregate changes in the balance of unrecognized tax benefits for the years ended december 31 , 2014 and 2013 were as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>201 4</td><td>2013</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 4590</td><td>$ 16890</td></tr><tr><td>3</td><td>increases for tax positions related to current year</td><td>59</td><td>15</td></tr><tr><td>4</td><td>reduction due to adoption of asu 2013-11 ( a )</td><td>-</td><td>-12315 ( 12315 )</td></tr><tr><td>5</td><td>balance end of year</td><td>$ 4649</td><td>$ 4590</td></tr></table> ( a ) this amount was reclassified against the related deferred tax asset relating to the company 2019s early adoption of asu 2013-11 as discussed above. .
Question: what is the sum of the balance at the beginning of the years of 2013 and 2014?
Answer: 21480.0
Question: what is the sum at the end of 2014?
Answer: 4649.0
Question: what was the balance at the start of the year?
| 4590.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
fair value of financial instruments : the company 2019s financial instruments include cash and cash equivalents , marketable securities , accounts receivable , certain investments , accounts payable , borrowings , and derivative contracts . the fair values of cash and cash equivalents , accounts receivable , accounts payable , and short-term borrowings and current portion of long-term debt approximated carrying values because of the short-term nature of these instruments . available-for-sale marketable securities and investments , in addition to certain derivative instruments , are recorded at fair values as indicated in the preceding disclosures . for its long-term debt the company utilized third-party quotes to estimate fair values ( classified as level 2 ) . information with respect to the carrying amounts and estimated fair values of these financial instruments follow: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>december 31 2012 carrying value</td><td>december 31 2012 fair value</td><td>december 31 2012 carrying value</td><td>fair value</td></tr><tr><td>2</td><td>long-term debt excluding current portion</td><td>$ 4916</td><td>$ 5363</td><td>$ 4484</td><td>$ 5002</td></tr></table> the fair values reflected above consider the terms of the related debt absent the impacts of derivative/hedging activity . the carrying amount of long-term debt referenced above is impacted by certain fixed-to-floating interest rate swaps that are designated as fair value hedges and by the designation of fixed rate eurobond securities issued by the company as hedging instruments of the company 2019s net investment in its european subsidiaries . 3m 2019s fixed-rate bonds were trading at a premium at december 31 , 2012 and 2011 due to the low interest rates and tightening of 3m 2019s credit spreads. .
Question: what was the carrying value of long-term debt excluding current portion at the end of 2012?
Answer: 4916.0
Question: what was the fair value of long-term debt excluding current portion at the end of 2012?
Answer: 4484.0
Question: what was the change in value?
Answer: 432.0
Question: what was the percent change?
| 0.09634 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
citigroup 2019s repurchases are primarily from government sponsored entities . the specific representations and warranties made by the company depend on the nature of the transaction and the requirements of the buyer . market conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the company may agree to in loan sales . in the event of a breach of the representations and warranties , the company may be required to either repurchase the mortgage loans ( generally at unpaid principal balance plus accrued interest ) with the identified defects or indemnify ( 201cmake-whole 201d ) the investor or insurer . the company has recorded a repurchase reserve that is included in other liabilities in the consolidated balance sheet . in the case of a repurchase , the company will bear any subsequent credit loss on the mortgage loans . the company 2019s representations and warranties are generally not subject to stated limits in amount or time of coverage . however , contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach . in the case of a repurchase , the loan is typically considered a credit- impaired loan and accounted for under sop 03-3 , 201caccounting for certain loans and debt securities , acquired in a transfer 201d ( now incorporated into asc 310-30 , receivables 2014loans and debt securities acquired with deteriorated credit quality ) . these repurchases have not had a material impact on nonperforming loan statistics , because credit-impaired purchased sop 03-3 loans are not included in nonaccrual loans . the company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole . this estimate is calculated separately by sales vintage ( i.e. , the year the loans were sold ) based on a combination of historical trends and forecasted repurchases and losses considering the : ( 1 ) trends in requests by investors for loan documentation packages to be reviewed ; ( 2 ) trends in recent repurchases and make-wholes ; ( 3 ) historical percentage of claims made as a percentage of loan documentation package requests ; ( 4 ) success rate in appealing claims ; ( 5 ) inventory of unresolved claims ; and ( 6 ) estimated loss given repurchase or make-whole , including the loss of principal , accrued interest , and foreclosure costs . the company does not change its estimation methodology by counterparty , but the historical experience and trends are considered when evaluating the overall reserve . the request for loan documentation packages is an early indicator of a potential claim . during 2009 , loan documentation package requests and the level of outstanding claims increased . in addition , our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience . these factors contributed to a $ 493 million change in estimate for this reserve in 2009 . as indicated above , the repurchase reserve is calculated by sales vintage . the majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages , which also represent the vintages with the largest loss- given-repurchase . an insignificant percentage of 2009 repurchases were from vintages prior to 2006 , and this is expected to decrease , because those vintages are later in the credit cycle . although early in the credit cycle , the company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages . in the case of a repurchase of a credit-impaired sop 03-3 loan ( now incorporated into asc 310-30 ) , the difference between the loan 2019s fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve . payments to make the investor whole are also treated as utilizations and charged directly against the reserve . the provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale , which is included in other revenue in the consolidated statement of income . a liability for representations and warranties is estimated when the company sells loans and is updated quarterly . any subsequent adjustment to the provision is recorded in other revenue in the consolidated statement of income . the activity in the repurchase reserve for the years ended december 31 , 2009 and 2008 is as follows: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>balance beginning of the year</td><td>$ 75</td><td>$ 2</td></tr><tr><td>3</td><td>additions for new sales</td><td>33</td><td>23</td></tr><tr><td>4</td><td>change in estimate</td><td>493</td><td>59</td></tr><tr><td>5</td><td>utilizations</td><td>-119 ( 119 )</td><td>-9 ( 9 )</td></tr><tr><td>6</td><td>balance end of the year</td><td>$ 482</td><td>$ 75</td></tr></table> goodwill goodwill represents an acquired company 2019s acquisition cost over the fair value of net tangible and intangible assets acquired . goodwill is subject to annual impairment tests , whereby goodwill is allocated to the company 2019s reporting units and an impairment is deemed to exist if the carrying value of a reporting unit exceeds its estimated fair value . furthermore , on any business dispositions , goodwill is allocated to the business disposed of based on the ratio of the fair value of the business disposed of to the fair value of the reporting unit . intangible assets intangible assets 2014including core deposit intangibles , present value of future profits , purchased credit card relationships , other customer relationships , and other intangible assets , but excluding msrs 2014are amortized over their estimated useful lives . intangible assets deemed to have indefinite useful lives , primarily certain asset management contracts and trade names , are not amortized and are subject to annual impairment tests . an impairment exists if the carrying value of the indefinite-lived intangible asset exceeds its fair value . for other intangible assets subject to amortization , an impairment is recognized if the carrying amount is not recoverable and exceeds the fair value of the intangible asset . other assets and other liabilities other assets include , among other items , loans held-for-sale , deferred tax assets , equity-method investments , interest and fees receivable , premises and equipment , end-user derivatives in a net receivable position , repossessed assets , and other receivables. .
Question: what was the change in estimate in 2009?
Answer: 493.0
Question: and what was it in 2008?
Answer: 59.0
Question: how much, then, did the 2009 change represent in relation to this 2008 one?
Answer: 8.35593
Question: and in that same two year period, what was the variation of the additions for new sales of the repurchase reserve?
Answer: 10.0
Question: and what were those additions in 2008?
| 23.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
risks related to our common stock our stock price is extremely volatile . the trading price of our common stock has been extremely volatile and may continue to be volatile in the future . many factors could have an impact on our stock price , including fluctuations in our or our competitors 2019 operating results , clinical trial results or adverse events associated with our products , product development by us or our competitors , changes in laws , including healthcare , tax or intellectual property laws , intellectual property developments , changes in reimbursement or drug pricing , the existence or outcome of litigation or government proceedings , including the sec/doj investigation , failure to resolve , delays in resolving or other developments with respect to the issues raised in the warning letter , acquisitions or other strategic transactions , and the perceptions of our investors that we are not performing or meeting expectations . the trading price of the common stock of many biopharmaceutical companies , including ours , has experienced extreme price and volume fluctuations , which have at times been unrelated to the operating performance of the companies whose stocks were affected . anti-takeover provisions in our charter and bylaws and under delaware law could make a third-party acquisition of us difficult and may frustrate any attempt to remove or replace our current management . our corporate charter and by-law provisions may discourage certain types of transactions involving an actual or potential change of control that might be beneficial to us or our stockholders . our bylaws provide that special meetings of our stockholders may be called only by the chairman of the board , the president , the secretary , or a majority of the board of directors , or upon the written request of stockholders who together own of record 25% ( 25 % ) of the outstanding stock of all classes entitled to vote at such meeting . our bylaws also specify that the authorized number of directors may be changed only by resolution of the board of directors . our charter does not include a provision for cumulative voting for directors , which may have enabled a minority stockholder holding a sufficient percentage of a class of shares to elect one or more directors . under our charter , our board of directors has the authority , without further action by stockholders , to designate up to 5 shares of preferred stock in one or more series . the rights of the holders of common stock will be subject to , and may be adversely affected by , the rights of the holders of any class or series of preferred stock that may be issued in the future . because we are a delaware corporation , the anti-takeover provisions of delaware law could make it more difficult for a third party to acquire control of us , even if the change in control would be beneficial to stockholders . we are subject to the provisions of section 203 of the delaware general laws , which prohibits a person who owns in excess of 15% ( 15 % ) of our outstanding voting stock from merging or combining with us for a period of three years after the date of the transaction in which the person acquired in excess of 15% ( 15 % ) of our outstanding voting stock , unless the merger or combination is approved in a prescribed manner . item 1b . unresolved staff comments . item 2 . properties . we conduct our primary operations at the owned and leased facilities described below . location operations conducted approximate square feet expiration new haven , connecticut corporate headquarters and executive , sales , research and development offices 514000 2030 dublin , ireland global supply chain , distribution , and administration offices 160000 owned . <table class='wikitable'><tr><td>1</td><td>location</td><td>operations conducted</td><td>approximatesquare feet</td><td>leaseexpirationdates</td></tr><tr><td>2</td><td>new haven connecticut</td><td>corporate headquarters and executive sales research and development offices</td><td>514000</td><td>2030</td></tr><tr><td>3</td><td>dublin ireland</td><td>global supply chain distribution and administration offices</td><td>160000</td><td>owned</td></tr><tr><td>4</td><td>athlone ireland</td><td>commercial research and development manufacturing</td><td>80000</td><td>owned</td></tr><tr><td>5</td><td>lexington massachusetts</td><td>research and development offices</td><td>81000</td><td>2019</td></tr><tr><td>6</td><td>bogart georgia</td><td>commercial research and development manufacturing</td><td>70000</td><td>owned</td></tr><tr><td>7</td><td>smithfield rhode island</td><td>commercial research and development manufacturing</td><td>67000</td><td>owned</td></tr><tr><td>8</td><td>zurich switzerland</td><td>regional executive and sales offices</td><td>69000</td><td>2025</td></tr></table> we believe that our administrative office space is adequate to meet our needs for the foreseeable future . we also believe that our research and development facilities and our manufacturing facilities , together with third party manufacturing facilities , will be adequate for our on-going activities . in addition to the locations above , we also lease space in other u.s . locations and in foreign countries to support our operations as a global organization. .
Question: how many square feet are in new haven?
Answer: 514000.0
Question: how many square feet are in lexington?
Answer: 81000.0
Question: what is the sum?
| 595000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s . debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns . while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 . after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations . we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 . this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline . table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) . <table class='wikitable'><tr><td>1</td><td>change in assumption ( a )</td><td>estimatedincrease to 2013pensionexpense ( in millions )</td></tr><tr><td>2</td><td>.5% ( .5 % ) decrease in discount rate</td><td>$ 21</td></tr><tr><td>3</td><td>.5% ( .5 % ) decrease in expected long-term return on assets</td><td>$ 19</td></tr><tr><td>4</td><td>.5% ( .5 % ) increase in compensation rate</td><td>$ 2</td></tr></table> ( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2013 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . the pnc financial services group , inc . 2013 form 10-k 77 .
Question: what was the pension pretax expense in 2012?
Answer: 89.0
Question: what was it in 2011?
Answer: 73.0
Question: what is the net change?
Answer: 16.0
Question: what is the net change divided by the 2012 value?
| 0.17978 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2008 and 2007 included $ 2024 million , net of $ 869 million of amortization , and $ 2062 million , net of $ 887 million of amortization , respectively , for properties held under capital leases . a charge to income resulting from the amortization for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2008 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2009</td><td>$ 657</td><td>$ 188</td></tr><tr><td>3</td><td>2010</td><td>614</td><td>168</td></tr><tr><td>4</td><td>2011</td><td>580</td><td>178</td></tr><tr><td>5</td><td>2012</td><td>465</td><td>122</td></tr><tr><td>6</td><td>2013</td><td>389</td><td>152</td></tr><tr><td>7</td><td>later years</td><td>3204</td><td>1090</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5909</td><td>$ 1898</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>628</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1270</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 747 million in 2008 , $ 810 million in 2007 , and $ 798 million in 2006 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 15 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 88% ( 88 % ) of the recorded liability related to asserted claims , and approximately 12% ( 12 % ) related to unasserted claims at december 31 , 2008 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from .
Question: what is the sum of operating and capital leases in 2009?
Answer: 845.0
Question: what is the sum of the total minimum lease payments for both operating and capital leases?
Answer: 7807.0
Question: what is the ratio of 2009 to the total?
| 0.10824 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
areas exceeding 14.1 million acres ( 5.7 million hectares ) . products and brand designations appearing in italics are trademarks of international paper or a related company . industry segment results industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods production , as well as with demand for processed foods , poultry , meat and agricultural products . in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . industrial packaging net sales and operating profits include the results of the temple-inland packaging operations from the date of acquisition in february 2012 and the results of the brazil packaging business from the date of acquisition in january 2013 . in addition , due to the acquisition of a majority share of olmuksa international paper sabanci ambalaj sanayi ve ticaret a.s. , ( now called olmuksan international paper or olmuksan ) net sales for our corrugated packaging business in turkey are included in the business segment totals beginning in the first quarter of 2013 and the operating profits reflect a higher ownership percentage than in previous years . net sales for 2013 increased 12% ( 12 % ) to $ 14.8 billion compared with $ 13.3 billion in 2012 , and 42% ( 42 % ) compared with $ 10.4 billion in 2011 . operating profits were 69% ( 69 % ) higher in 2013 than in 2012 and 57% ( 57 % ) higher than in 2011 . excluding costs associated with the acquisition and integration of temple-inland , the divestiture of three containerboard mills and other special items , operating profits in 2013 were 36% ( 36 % ) higher than in 2012 and 59% ( 59 % ) higher than in 2011 . benefits from the net impact of higher average sales price realizations and an unfavorable mix ( $ 749 million ) were offset by lower sales volumes ( $ 73 million ) , higher operating costs ( $ 64 million ) , higher maintenance outage costs ( $ 16 million ) and higher input costs ( $ 102 million ) . additionally , operating profits in 2013 include costs of $ 62 million associated with the integration of temple-inland , a gain of $ 13 million related to a bargain purchase adjustment on the acquisition of a majority share of our operations in turkey , and a net gain of $ 1 million for other items , while operating profits in 2012 included costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging business of $ 17 million and a $ 3 million gain for other items . industrial packaging . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>sales</td><td>$ 14810</td><td>$ 13280</td><td>$ 10430</td></tr><tr><td>3</td><td>operating profit</td><td>1801</td><td>1066</td><td>1147</td></tr></table> north american industrial packaging net sales were $ 12.5 billion in 2013 compared with $ 11.6 billion in 2012 and $ 8.6 billion in 2011 . operating profits in 2013 were $ 1.8 billion ( both including and excluding costs associated with the integration of temple-inland and other special items ) compared with $ 1.0 billion ( $ 1.3 billion excluding costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) in 2012 and $ 1.1 billion ( both including and excluding costs associated with signing an agreement to acquire temple-inland ) in 2011 . sales volumes decreased in 2013 compared with 2012 reflecting flat demand for boxes and the impact of commercial decisions . average sales price realizations were significantly higher mainly due to the realization of price increases for domestic containerboard and boxes . input costs were higher for wood , energy and recycled fiber . freight costs also increased . planned maintenance downtime costs were higher than in 2012 . manufacturing operating costs decreased , but were offset by inflation and higher overhead and distribution costs . the business took about 850000 tons of total downtime in 2013 of which about 450000 were market- related and 400000 were maintenance downtime . in 2012 , the business took about 945000 tons of total downtime of which about 580000 were market-related and about 365000 were maintenance downtime . operating profits in 2013 included $ 62 million of costs associated with the integration of temple-inland . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . looking ahead to 2014 , compared with the fourth quarter of 2013 , sales volumes in the first quarter are expected to increase for boxes due to a higher number of shipping days offset by the impact from the severe winter weather events impacting much of the u.s . input costs are expected to be higher for energy , recycled fiber , wood and starch . planned maintenance downtime spending is expected to be about $ 51 million higher with outages scheduled at six mills compared with four mills in the 2013 fourth quarter . manufacturing operating costs are expected to be lower . however , operating profits will be negatively impacted by the adverse winter weather in the first quarter of 2014 . emea industrial packaging net sales in 2013 include the sales of our packaging operations in turkey which are now fully consolidated . net sales were $ 1.3 billion in 2013 compared with $ 1.0 billion in 2012 and $ 1.1 billion in 2011 . operating profits in 2013 were $ 43 million ( $ 32 .
Question: what is the net sales from north american industrial packaging in 2013, in billions?
Answer: 12.5
Question: what about in millions?
Answer: 12500.0
Question: what about the total sales in 2013, in millions?
| 14810.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
royal caribbean cruises ltd . 15 from two to 17 nights throughout south america , the caribbean and europe . additionally , we announced that majesty of the seas will be redeployed from royal caribbean international to pullmantur in 2016 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise mar- kets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america and has expanded its pres- ence in that market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , on march 31 , 2014 , pullmantur sold the majority of its interest in its non-core busi- nesses . these non-core businesses included pullmantur 2019s land-based tour operations , travel agency and 49% ( 49 % ) interest in its air business . in connection with the sale agreement , we retained a 19% ( 19 % ) interest in each of the non-core businesses as well as 100% ( 100 % ) ownership of the aircraft which are being dry leased to pullmantur air . see note 1 . general and note 6 . other assets to our consolidated financial statements under item 8 . financial statements and supplementary data for further details . cdf croisi e8res de france we currently operate two ships with an aggregate capacity of approximately 2800 berths under our cdf croisi e8res de france brand . cdf croisi e8res de france offers seasonal itineraries to the mediterranean , europe and caribbean . during the winter season , zenith is deployed to the pullmantur brand for sailings in south america . cdf croisi e8res de france is designed to serve the contemporary segment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping com- pany , and is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates three ships , mein schiff 1 , mein schiff 2 and mein schiff 3 , with an aggregate capacity of approximately 6300 berths . in addition , tui cruises currently has three newbuild ships on order at the finnish meyer turku yard with an aggregate capacity of approximately 7500 berths : mein schiff 4 , scheduled for delivery in the second quarter of 2015 , mein schiff 5 , scheduled for delivery in the third quarter of 2016 and mein schiff 6 , scheduled for delivery in the second quarter of 2017 . in november 2014 , we formed a strategic partnership with ctrip.com international ltd . ( 201cctrip 201d ) , a chinese travel service provider , to operate a new cruise brand known as skysea cruises . skysea cruises will offer a custom-tailored product for chinese cruise guests operating the ship purchased from celebrity cruises . the new cruise line will begin service in the second quarter of 2015 . we and ctrip each own 35% ( 35 % ) of the new company , skysea holding , with the balance being owned by skysea holding management and a private equity fund . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>north america ( 1 )</td><td>europe ( 2 )</td></tr><tr><td>2</td><td>2010</td><td>3.1% ( 3.1 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>3</td><td>2011</td><td>3.4% ( 3.4 % )</td><td>1.1% ( 1.1 % )</td></tr><tr><td>4</td><td>2012</td><td>3.3% ( 3.3 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>5</td><td>2013</td><td>3.4% ( 3.4 % )</td><td>1.2% ( 1.2 % )</td></tr><tr><td>6</td><td>2014</td><td>3.5% ( 3.5 % )</td><td>1.3% ( 1.3 % )</td></tr></table> ( 1 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and cruise lines international association ( 201cclia 201d ) . rates are based on cruise guests carried for at least two consecutive nights . includes the united states of america and canada . ( 2 ) source : our estimates are based on a combination of data obtained from publicly available sources including the interna- tional monetary fund and clia europe , formerly european cruise council . we estimate that the global cruise fleet was served by approximately 457000 berths on approximately 283 ships at the end of 2014 . there are approximately 33 ships with an estimated 98650 berths that are expected to be placed in service in the global cruise market between 2015 and 2019 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 22.0 million cruise guests in 2014 compared to 21.3 million cruise guests carried in 2013 and 20.9 million cruise guests carried in 2012 . part i .
Question: what is the total global cruise guests in 2014?
Answer: 22.0
Question: what about in 2012?
Answer: 20.9
Question: what is the difference among these years?
Answer: 1.1
Question: what is the total global cruise guests in 2012?
Answer: 20.9
Question: what fraction does this represent?
Answer: 0.05263
Question: what about the percentage change?
| 5.26316 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
$ 43.3 million in 2011 compared to $ 34.1 million in 2010 . the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively . the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively . these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years . gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 156508</td><td>$ 108249</td><td>$ 65225</td></tr><tr><td>3</td><td>cost of sales</td><td>87846</td><td>64431</td><td>39541</td></tr><tr><td>4</td><td>gross margin</td><td>$ 68662</td><td>$ 43818</td><td>$ 25684</td></tr><tr><td>5</td><td>gross margin percentage</td><td>43.9% ( 43.9 % )</td><td>40.5% ( 40.5 % )</td><td>39.4% ( 39.4 % )</td></tr></table> the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales . the increase in gross margin was partially offset by the impact of a stronger u.s . dollar . the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 . the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales . additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s . dollar ; partially offset by lower commodity costs . the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs . the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 . expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases . future strengthening of the u.s . dollar could further negatively impact gross margin . the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins . gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the net change in value of net sales from 2011 to 2012?
| 48259.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
dish network corporation notes to consolidated financial statements - continued future minimum lease payments under the capital lease obligations , together with the present value of the net minimum lease payments as of december 31 , 2015 are as follows ( in thousands ) : for the years ended december 31 . <table class='wikitable'><tr><td>1</td><td>2016</td><td>$ 76676</td></tr><tr><td>2</td><td>2017</td><td>75874</td></tr><tr><td>3</td><td>2018</td><td>75849</td></tr><tr><td>4</td><td>2019</td><td>50320</td></tr><tr><td>5</td><td>2020</td><td>48000</td></tr><tr><td>6</td><td>thereafter</td><td>64000</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>390719</td></tr><tr><td>8</td><td>less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments</td><td>-186742 ( 186742 )</td></tr><tr><td>9</td><td>net minimum lease payments</td><td>203977</td></tr><tr><td>10</td><td>less : amount representing interest</td><td>-37485 ( 37485 )</td></tr><tr><td>11</td><td>present value of net minimum lease payments</td><td>166492</td></tr><tr><td>12</td><td>less : current portion</td><td>-30849 ( 30849 )</td></tr><tr><td>13</td><td>long-term portion of capital lease obligations</td><td>$ 135643</td></tr></table> the summary of future maturities of our outstanding long-term debt as of december 31 , 2015 is included in the commitments table in note 15 . 11 . income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards . deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized . we periodically evaluate our need for a valuation allowance . determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities . we file consolidated tax returns in the u.s . the income taxes of domestic and foreign subsidiaries not included in the u.s . tax group are presented in our consolidated financial statements on a separate return basis for each tax paying entity . as of december 31 , 2015 , we had no net operating loss carryforwards ( 201cnols 201d ) for federal income tax purposes and $ 39 million of nol benefit for state income tax purposes , which are partially offset by a valuation allowance . the state nols begin to expire in the year 2017 . in addition , there are $ 61 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance . the state credit carryforwards began to expire in .
Question: as of december 31, 2015 what amount from the future minimum lease payments under the capital lease obligations was due after 2020?
Answer: 64000.0
Question: and what was the total of those payments?
Answer: 390719.0
Question: what percentage, then, of this total did that amount represent?
Answer: 0.1638
Question: and what percentage did the amount of payments due in the year of 2020 represent?
| 0.12285 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
comparison of cumulative return among lkq corporation , the nasdaq stock market ( u.s. ) index and the peer group . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2007</td><td>12/31/2008</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td></tr><tr><td>2</td><td>lkq corporation</td><td>$ 100</td><td>$ 55</td><td>$ 93</td><td>$ 108</td><td>$ 143</td><td>$ 201</td></tr><tr><td>3</td><td>nasdaq stock market ( u.s. ) index</td><td>$ 100</td><td>$ 59</td><td>$ 86</td><td>$ 100</td><td>$ 98</td><td>$ 114</td></tr><tr><td>4</td><td>peer group</td><td>$ 100</td><td>$ 83</td><td>$ 100</td><td>$ 139</td><td>$ 187</td><td>$ 210</td></tr></table> this stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to rule 14a , shall not be deemed "filed" for purposes of section 18 of the securities exchange act of 1934 or otherwise subject to the liabilities of that section , and shall not be deemed incorporated by reference in any filing under the securities act of 1933 or the securities exchange act of 1934 , whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing , except to the extent that it specifically incorporates the information by reference . information about our common stock that may be issued under our equity compensation plans as of december 31 , 2012 included in part iii , item 12 of this annual report on form 10-k is incorporated herein by reference. .
Question: what was the change in value of lkq corporation price between 2007 and 2012?
Answer: 101.0
Question: what was the price of lkq corporation in 2007?
Answer: 100.0
Question: what is the percent change?
Answer: 1.01
Question: what was the change in value of the peer group between 2007 and 2012?
Answer: 110.0
Question: what is the percent change?
| 1.1 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
part ii , item 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income . 4 . acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash . eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels . the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) . <table class='wikitable'><tr><td>1</td><td>cash and short-term investments</td><td>$ 266</td></tr><tr><td>2</td><td>other current assets</td><td>23</td></tr><tr><td>3</td><td>fixed income investments held to maturity</td><td>54</td></tr><tr><td>4</td><td>vessels under construction</td><td>694</td></tr><tr><td>5</td><td>accounts payable and accrued liabilities</td><td>-17 ( 17 )</td></tr><tr><td>6</td><td>long-term debt</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>total purchase price</td><td>$ 838</td></tr></table> other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 . pro forma results pertaining to the above acquisitions are not presented as the impact was not significant . 5 . drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc . schlumberger records income relating to this venture using the equity method of accounting . the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet . schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 . schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 . the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice . if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. .
Question: what percentage did the cash and short-term investments represent in relation to the total purchase price?
Answer: 0.31742
Question: and what was the total debt?
Answer: 199.0
Question: what was the total asset value?
Answer: 1037.0
Question: how much, then, did the debt represent in relation to this value?
| 0.1919 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net sales</td><td>$ 7384</td><td>$ 6836</td><td>$ 7339</td></tr><tr><td>3</td><td>operating profit</td><td>443</td><td>360</td><td>345</td></tr></table> net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 . the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million . in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs . the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 . net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 . the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million . in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs . there were six launches in 2001 compared to 14 launches in 2000 . the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities . these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 . operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business . reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 . commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased . in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts . due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging . during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 . this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs . the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million . the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities . operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 . operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space . in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs . the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 . in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities . the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 . these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts . commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .
Question: what is the operating profit of 2002?
| 443.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the following table summarizes the total contractual amount of credit-related , off-balance sheet financial instruments at december 31 . amounts reported do not reflect participations to independent third parties. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>indemnified securities financing</td><td>$ 324590</td><td>$ 558368</td></tr><tr><td>3</td><td>liquidity asset purchase agreements</td><td>28800</td><td>35339</td></tr><tr><td>4</td><td>unfunded commitments to extend credit</td><td>20981</td><td>17533</td></tr><tr><td>5</td><td>standby letters of credit</td><td>6061</td><td>4711</td></tr></table> approximately 81% ( 81 % ) of the unfunded commitments to extend credit expire within one year from the date of issue . since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements . securities finance : on behalf of our customers , we lend their securities to creditworthy brokers and other institutions . we generally indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities . collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition . we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed . the borrowed securities are revalued daily to determine if additional collateral is necessary . in this regard , we held , as agent , cash and u.s . government securities with an aggregate fair value of $ 333.07 billion and $ 572.93 billion as collateral for indemnified securities on loan at december 31 , 2008 and 2007 , respectively , presented in the table above . the collateral held by us is invested on behalf of our customers . in certain cases , the collateral is invested in third-party repurchase agreements , for which we indemnify the customer against loss of the principal invested . we require the repurchase agreement counterparty to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the amount of the repurchase agreement . the indemnified repurchase agreements and the related collateral are not recorded in our consolidated statement of condition . of the collateral of $ 333.07 billion at december 31 , 2008 and $ 572.93 billion at december 31 , 2007 referenced above , $ 68.37 billion at december 31 , 2008 and $ 106.13 billion at december 31 , 2007 was invested in indemnified repurchase agreements . we held , as agent , cash and securities with an aggregate fair value of $ 71.87 billion and $ 111.02 billion as collateral for indemnified investments in repurchase agreements at december 31 , 2008 and december 31 , 2007 , respectively . asset-backed commercial paper program : in the normal course of our business , we provide liquidity and credit enhancement to an asset-backed commercial paper program sponsored and administered by us , described in note 12 . the commercial paper issuances and commitments of the commercial paper conduits to provide funding are supported by liquidity asset purchase agreements and back-up liquidity lines of credit , the majority of which are provided by us . in addition , we provide direct credit support to the conduits in the form of standby letters of credit . our commitments under liquidity asset purchase agreements and back-up lines of credit totaled $ 23.59 billion at december 31 , 2008 , and are included in the preceding table . our commitments under standby letters of credit totaled $ 1.00 billion at december 31 , 2008 , and are also included in the preceding table . legal proceedings : several customers have filed litigation claims against us , some of which are putative class actions purportedly on behalf of customers invested in certain of state street global advisors 2019 , or ssga 2019s , active fixed-income strategies . these claims related to investment losses in one or more of ssga 2019s strategies that included sub-prime investments . in 2007 , we established a reserve of approximately $ 625 million to address legal exposure associated with the under-performance of certain active fixed-income strategies managed by ssga and customer concerns as to whether the execution of these strategies was consistent with the customers 2019 investment intent . these strategies were adversely impacted by exposure to , and the lack of liquidity in .
Question: what was the value of standby letters of credit in 2008?
| 6061.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what was the net interest income in 2012?
Answer: 9640.0
Question: and in 2011?
Answer: 8700.0
Question: so what was the change in this value between these years?
Answer: 940.0
Question: and the specific value for 2011 again?
| 8700.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
an average of 7.1 in 2000 . the top 100 largest clients used an average of 11.3 products in 2001 , up from an average of 11.2 in 2000 . state street benefits significantly from its ability to derive revenue from the transaction flows of clients . this occurs through the management of cash positions , including deposit balances and other short-term investment activities , using state street 2019s balance sheet capacity . significant foreign currency transaction volumes provide potential for foreign exchange trading revenue as well . fee revenue total operating fee revenuewas $ 2.8 billion in 2001 , compared to $ 2.7 billion in 2000 , an increase of 6% ( 6 % ) . adjusted for the formation of citistreet , the growth in fee revenue was 8% ( 8 % ) . growth in servicing fees of $ 199million , or 14% ( 14 % ) , was the primary contributor to the increase in fee revenue . this growth primarily reflects several large client wins installed starting in the latter half of 2000 and continuing throughout 2001 , and strength in fee revenue from securities lending . declines in equity market values worldwide offset some of the growth in servicing fees . management fees were down 5% ( 5 % ) , adjusted for the formation of citistreet , reflecting the decline in theworldwide equitymarkets . foreign exchange trading revenue was down 5% ( 5 % ) , reflecting lower currency volatility , and processing fees and other revenue was up 21% ( 21 % ) , primarily due to gains on the sales of investment securities . servicing and management fees are a function of several factors , including the mix and volume of assets under custody and assets under management , securities positions held , and portfolio transactions , as well as types of products and services used by clients . state street estimates , based on a study conducted in 2000 , that a 10% ( 10 % ) increase or decrease in worldwide equity values would cause a corresponding change in state street 2019s total revenue of approximately 2% ( 2 % ) . if bond values were to increase or decrease by 10% ( 10 % ) , state street would anticipate a corresponding change of approximately 1% ( 1 % ) in its total revenue . securities lending revenue in 2001 increased approximately 40% ( 40 % ) over 2000 . securities lending revenue is reflected in both servicing fees and management fees . securities lending revenue is a function of the volume of securities lent and interest rate spreads . while volumes increased in 2001 , the year-over-year increase is primarily due to wider interest rate spreads resulting from the unusual occurrence of eleven reductions in the u.s . federal funds target rate during 2001 . f e e r e v e n u e ( dollars in millions ) 2001 ( 1 ) 2000 1999 ( 2 ) change adjusted change 00-01 ( 3 ) . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2001 ( 1 )</td><td>2000</td><td>1999 ( 2 )</td><td>change 00-01</td><td>adjusted change 00-01 ( 3 )</td></tr><tr><td>2</td><td>servicing fees</td><td>$ 1624</td><td>$ 1425</td><td>$ 1170</td><td>14% ( 14 % )</td><td>14% ( 14 % )</td></tr><tr><td>3</td><td>management fees</td><td>511</td><td>581</td><td>600</td><td>-12 ( 12 )</td><td>-5 ( 5 )</td></tr><tr><td>4</td><td>foreign exchange trading</td><td>368</td><td>387</td><td>306</td><td>-5 ( 5 )</td><td>-5 ( 5 )</td></tr><tr><td>5</td><td>processing fees and other</td><td>329</td><td>272</td><td>236</td><td>21</td><td>21</td></tr><tr><td>6</td><td>total fee revenue</td><td>$ 2832</td><td>$ 2665</td><td>$ 2312</td><td>6</td><td>8</td></tr></table> ( 1 ) 2001 results exclude the write-off of state street 2019s total investment in bridge of $ 50 million ( 2 ) 1999 results exclude the one-time charge of $ 57 million related to the repositioning of the investment portfolio ( 3 ) 2000 results adjusted for the formation of citistreet 4 state street corporation .
Question: what was the change in the servicing fees from 1999 to 2000?
Answer: 255.0
Question: and what were those fees in 1999?
Answer: 1170.0
Question: how much, then, does that change represent in relation to these 1999 servicing fees, in percentage?
| 0.21795 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not . changes in recognition or measurement are reflected in the period in which a change in judgment occurs . the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income . changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests . the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses . it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date . business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained . this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed . in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations . in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination . the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations . the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements . the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary . the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position . the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests . in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests . changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions . if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income . in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income . prior period amounts have been restated to conform to the current year 2019s presentation . the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>as of december 31</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>equity as previously reported</td><td>$ 5310</td><td>$ 6221</td></tr><tr><td>3</td><td>increase for reclassification of non-controlling interests</td><td>105</td><td>40</td></tr><tr><td>4</td><td>equity as adjusted</td><td>$ 5415</td><td>$ 6261</td></tr></table> the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income . the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively . net .
Question: what is the net change he reclassification of non-controlling interests from 2007 to 2008?
Answer: 65.0
Question: what is the reclassification of non-controlling interests in 2007?
Answer: 40.0
Question: what percentage change does this represent?
Answer: 1.625
Question: what about the reclassification of non-controlling interests in 2008?
| 105.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
united parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net income</td><td>$ 807</td><td>$ 3804</td><td>$ 3338</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>7301</td><td>4505</td><td>4398</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td><td>-3240 ( 3240 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>280</td><td>236</td><td>-319 ( 319 )</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td><td>-340 ( 340 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-107 ( 107 )</td><td>-24 ( 24 )</td><td>-2 ( 2 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7216</td><td>$ 7073</td><td>$ 3835</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2010 to 2012 time period . operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business . the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan . 2022 the remaining contributions in the 2010 through 2012 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion . approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v . ( see note 16 to the consolidated financial statements ) . excluding this portion of cash held outside the u.s . for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .
Question: what was the difference in net cash from operating activities between 2011 and 2012?
| -143.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
stock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc . ( acquired by the company in march 2018 ) , time warner , inc . ( acquired by at&t inc . in june 2018 ) , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2013 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2014 , 2015 , 2016 , 2017 and 2018 . two peer companies , scripps networks interactive , inc . and time warner , inc. , were acquired in 2018 . the stock performance chart shows the peer group including scripps networks interactive , inc . and time warner , inc . and excluding both acquired companies for the entire five year period . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312013</td><td>december 312014</td><td>december 312015</td><td>december 312016</td><td>december 312017</td><td>december 312018</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 74.58</td><td>$ 57.76</td><td>$ 59.34</td><td>$ 48.45</td><td>$ 53.56</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 80.56</td><td>$ 58.82</td><td>$ 63.44</td><td>$ 53.97</td><td>$ 72.90</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 80.42</td><td>$ 60.15</td><td>$ 63.87</td><td>$ 50.49</td><td>$ 55.04</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 111.39</td><td>$ 110.58</td><td>$ 121.13</td><td>$ 144.65</td><td>$ 135.63</td></tr><tr><td>6</td><td>peer group incl . acquired companies</td><td>$ 100.00</td><td>$ 116.64</td><td>$ 114.02</td><td>$ 127.96</td><td>$ 132.23</td><td>$ 105.80</td></tr><tr><td>7</td><td>peer group ex . acquired companies</td><td>$ 100.00</td><td>$ 113.23</td><td>$ 117.27</td><td>$ 120.58</td><td>$ 127.90</td><td>$ 141.58</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2019 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .
Question: what is the net change in value of an investment in disca from 2013 to 2018?
| -46.44 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
part a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance . <table class='wikitable'><tr><td>1</td><td>company / index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>2</td><td>teleflex incorporated</td><td>100</td><td>124</td><td>143</td><td>177</td><td>275</td><td>288</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100</td><td>114</td><td>115</td><td>129</td><td>157</td><td>150</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment & supply index</td><td>100</td><td>126</td><td>134</td><td>142</td><td>186</td><td>213</td></tr></table> s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .
Question: what was the price of teleflex in 2014?
Answer: 124.0
Question: what was the initial investment?
Answer: 100.0
Question: what is the difference of the price and initial investment?
| 24.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2012 s&p , a division of the mcgraw-hill companies inc . all rights reserved. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/28/2007</td><td>10/26/2008</td><td>10/25/2009</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>61.22</td><td>71.06</td><td>69.23</td><td>72.37</td><td>62.92</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>63.90</td><td>70.17</td><td>81.76</td><td>88.37</td><td>101.81</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>54.74</td><td>68.59</td><td>84.46</td><td>91.33</td><td>82.37</td></tr></table> dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share . during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share . during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 . dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . 10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc . s&p 500 rdg semiconductor composite .
Question: what was the product of the dividend paid per share for the first 3 quarters in 2012?
Answer: 0.27
Question: what was the dividend paid per share in the last quarter of 2012?
| 0.08 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index on september 30 , 2006 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc . s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2011 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2011 dow jones & co . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 30 2006</td><td>september 30 2007</td><td>september 30 2008</td><td>september 30 2009</td><td>september 30 2010</td><td>september 30 2011</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 199</td><td>$ 148</td><td>$ 241</td><td>$ 369</td><td>$ 495</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 116</td><td>$ 91</td><td>$ 85</td><td>$ 93</td><td>$ 94</td></tr><tr><td>4</td><td>s&p computer hardware</td><td>$ 100</td><td>$ 148</td><td>$ 124</td><td>$ 147</td><td>$ 174</td><td>$ 197</td></tr><tr><td>5</td><td>dow jones us technology</td><td>$ 100</td><td>$ 123</td><td>$ 94</td><td>$ 104</td><td>$ 117</td><td>$ 120</td></tr></table> .
Question: what was the difference in price for apple inc. between 9/30/11 and 9/30/06?
Answer: 395.0
Question: and the original price?
Answer: 100.0
Question: so what was the percentage growth during this time?
| 3.95 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
million excluding a gain on a bargain purchase price adjustment on the acquisition of a majority share of our operations in turkey and restructuring costs ) compared with $ 53 million ( $ 72 million excluding restructuring costs ) in 2012 and $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our then joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 . sales volumes in 2013 were higher than in 2012 reflecting strong demand for packaging in the agricultural markets in morocco and turkey . in europe , sales volumes decreased slightly due to continuing weak demand for packaging in the industrial markets , and lower demand for packaging in the agricultural markets resulting from poor weather conditions . average sales margins were significantly lower due to input costs for containerboard rising ahead of box sales price increases . other input costs were also higher , primarily for energy . operating profits in 2013 and 2012 included net gains of $ 13 million and $ 10 million , respectively , for insurance settlements and italian government grants , partially offset by additional operating costs , related to the earthquakes in northern italy in may 2012 which affected our san felice box plant . entering the first quarter of 2014 , sales volumes are expected to increase slightly reflecting higher demand for packaging in the industrial markets . average sales margins are expected to gradually improve as a result of slight reductions in material costs and planned box price increases . other input costs should be about flat . brazilian industrial packaging includes the results of orsa international paper embalagens s.a. , a corrugated packaging producer in which international paper acquired a 75% ( 75 % ) share in january 2013 . net sales were $ 335 million in 2013 . operating profits in 2013 were a loss of $ 2 million ( a gain of $ 2 million excluding acquisition and integration costs ) . looking ahead to the first quarter of 2014 , sales volumes are expected to be seasonally lower than in the fourth quarter of 2013 . average sales margins should improve reflecting the partial implementation of an announced sales price increase and a more favorable product mix . operating costs and input costs are expected to be lower . asian industrial packaging net sales were $ 400 million in 2013 compared with $ 400 million in 2012 and $ 410 million in 2011 . operating profits for the packaging operations were a loss of $ 5 million in 2013 ( a loss of $ 1 million excluding restructuring costs ) compared with gains of $ 2 million in 2012 and $ 2 million in 2011 . operating profits were favorably impacted in 2013 by higher average sales margins and slightly higher sales volumes compared with 2012 , but these benefits were offset by higher operating costs . looking ahead to the first quarter of 2014 , sales volumes and average sales margins are expected to be seasonally soft . net sales for the distribution operations were $ 285 million in 2013 compared with $ 260 million in 2012 and $ 285 million in 2011 . operating profits were $ 3 million in 2013 , 2012 and 2011 . printing papers demand for printing papers products is closely correlated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper . pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions . principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs . printing papers net sales for 2013 were about flat with both 2012 and 2011 . operating profits in 2013 were 55% ( 55 % ) lower than in 2012 and 69% ( 69 % ) lower than in 2011 . excluding facility closure costs and impairment costs , operating profits in 2013 were 15% ( 15 % ) lower than in 2012 and 40% ( 40 % ) lower than in 2011 . benefits from lower operating costs ( $ 81 million ) and lower maintenance outage costs ( $ 17 million ) were more than offset by lower average sales price realizations ( $ 38 million ) , lower sales volumes ( $ 14 million ) , higher input costs ( $ 99 million ) and higher other costs ( $ 34 million ) . in addition , operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill . during 2013 , the company accelerated depreciation for certain courtland assets , and diligently evaluated certain other assets for possible alternative uses by one of our other businesses . the net book value of these assets at december 31 , 2013 was approximately $ 470 million . during 2014 , we have continued our evaluation and expect to conclude as to any uses for these assets during the first quarter of 2014 . operating profits also included a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business . operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 . printing papers . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>sales</td><td>$ 6205</td><td>$ 6230</td><td>$ 6215</td></tr><tr><td>3</td><td>operating profit</td><td>271</td><td>599</td><td>872</td></tr></table> north american printing papers net sales were $ 2.6 billion in 2013 , $ 2.7 billion in 2012 and $ 2.8 billion in 2011. .
Question: what is the net sales of printing papers in north american in 2013, in billions?
Answer: 2.6
Question: what about in millions?
Answer: 2600.0
Question: what is the total sales in 2013?
| 6205.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis net revenues the table below presents our net revenues by line item in the consolidated statements of earnings. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2017</td><td>year ended december 2016</td><td>year ended december 2015</td></tr><tr><td>2</td><td>investment banking</td><td>$ 7371</td><td>$ 6273</td><td>$ 7027</td></tr><tr><td>3</td><td>investment management</td><td>5803</td><td>5407</td><td>5868</td></tr><tr><td>4</td><td>commissions and fees</td><td>3051</td><td>3208</td><td>3320</td></tr><tr><td>5</td><td>market making</td><td>7660</td><td>9933</td><td>9523</td></tr><tr><td>6</td><td>other principal transactions</td><td>5256</td><td>3200</td><td>5018</td></tr><tr><td>7</td><td>totalnon-interestrevenues</td><td>29141</td><td>28021</td><td>30756</td></tr><tr><td>8</td><td>interest income</td><td>13113</td><td>9691</td><td>8452</td></tr><tr><td>9</td><td>interest expense</td><td>10181</td><td>7104</td><td>5388</td></tr><tr><td>10</td><td>net interest income</td><td>2932</td><td>2587</td><td>3064</td></tr><tr><td>11</td><td>total net revenues</td><td>$ 32073</td><td>$ 30608</td><td>$ 33820</td></tr></table> in the table above : 2030 investment banking consists of revenues ( excluding net interest ) from financial advisory and underwriting assignments , as well as derivative transactions directly related to these assignments . these activities are included in our investment banking segment . 2030 investment management consists of revenues ( excluding net interest ) from providing investment management services to a diverse set of clients , as well as wealth advisory services and certain transaction services to high-net-worth individuals and families . these activities are included in our investment management segment . 2030 commissions and fees consists of revenues from executing and clearing client transactions on major stock , options and futures exchanges worldwide , as well as over-the-counter ( otc ) transactions . these activities are included in our institutional client services and investment management segments . 2030 market making consists of revenues ( excluding net interest ) from client execution activities related to making markets in interest rate products , credit products , mortgages , currencies , commodities and equity products . these activities are included in our institutional client services segment . 2030 other principal transactions consists of revenues ( excluding net interest ) from our investing activities and the origination of loans to provide financing to clients . in addition , other principal transactions includes revenues related to our consolidated investments . these activities are included in our investing & lending segment . operating environment . during 2017 , generally higher asset prices and tighter credit spreads were supportive of industry-wide underwriting activities , investment management performance and other principal transactions . however , low levels of volatility in equity , fixed income , currency and commodity markets continued to negatively affect our market-making activities , particularly in fixed income , currency and commodity products . the price of natural gas decreased significantly during 2017 , while the price of oil increased compared with the end of 2016 . if the trend of low volatility continues over the long term and market-making activity levels remain low , or if investment banking activity levels , asset prices or assets under supervision decline , net revenues would likely be negatively impacted . see 201csegment operating results 201d below for further information about the operating environment and material trends and uncertainties that may impact our results of operations . the first half of 2016 included challenging trends in the operating environment for our business activities including concerns and uncertainties about global economic growth , central bank activity and the political uncertainty and economic implications surrounding the potential exit of the u.k . from the e.u . during the second half of 2016 , the operating environment improved , as global equity markets steadily increased and investment grade and high-yield credit spreads tightened . these trends provided a more favorable backdrop for our business activities . 2017 versus 2016 net revenues in the consolidated statements of earnings were $ 32.07 billion for 2017 , 5% ( 5 % ) higher than 2016 , due to significantly higher other principal transactions revenues , and higher investment banking revenues , investment management revenues and net interest income . these increases were partially offset by significantly lower market making revenues and lower commissions and fees . non-interest revenues . investment banking revenues in the consolidated statements of earnings were $ 7.37 billion for 2017 , 18% ( 18 % ) higher than 2016 . revenues in financial advisory were higher compared with 2016 , reflecting an increase in completed mergers and acquisitions transactions . revenues in underwriting were significantly higher compared with 2016 , due to significantly higher revenues in both debt underwriting , primarily reflecting an increase in industry-wide leveraged finance activity , and equity underwriting , reflecting an increase in industry-wide secondary offerings . 52 goldman sachs 2017 form 10-k .
Question: what was the total net revenue in 2017?
Answer: 32073.0
Question: and in 2016?
Answer: 30608.0
Question: so what was the change in this value during these years?
| 1465.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
during 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 . in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 . during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 . the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 . each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 . each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els . these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes . since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part . holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 . we may choose to pay the purchase price in cash or common stock or a combination thereof . during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares . in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes . most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares . during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan . in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas . during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations . under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating . the unsecured senior notes and senior debentures are not redeemable prior to maturity . our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio . we are in compliance with all covenants as of december 31 , 2005 . following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>2006</td><td>$ 600883</td></tr><tr><td>2</td><td>2007</td><td>329493</td></tr><tr><td>3</td><td>2008</td><td>245257</td></tr><tr><td>4</td><td>2009 ( 1 )</td><td>361449</td></tr><tr><td>5</td><td>2010</td><td>687376</td></tr></table> 1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 . the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 . this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 . we may choose to pay any amounts in cash or common stock or a combination thereof . note 6 . shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction . as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share . total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock . the forward sale contract matured in february 2006 . during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us . upon settlement of the contract , we received 218089 additional shares of our common stock . these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 . our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock . offerings to employees are made on a quarterly basis . subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period . shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd . notes to the consolidated financial statements ( continued ) .
Question: what was the ratio of the leases for splendour and legend of the seas from 1996 to 1995?
Answer: 1.01538
Question: what was the portion of debt maturity in 2010 compared to 2006?
Answer: 1.14394
Question: and as a percentage?
| 114.39432 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
notes to consolidated financial statements 2014 ( continued ) the following table summarizes the changes in non-vested restricted stock awards for the year ended may 31 , 2009 ( share awards in thousands ) : share awards weighted average grant-date fair value . <table class='wikitable'><tr><td>1</td><td>-</td><td>share awards</td><td>weighted average grant-date fair value</td></tr><tr><td>2</td><td>non-vested at may 31 2007</td><td>278</td><td>$ 37</td></tr><tr><td>3</td><td>granted</td><td>400</td><td>38</td></tr><tr><td>4</td><td>vested</td><td>-136 ( 136 )</td><td>30</td></tr><tr><td>5</td><td>forfeited</td><td>-24 ( 24 )</td><td>40</td></tr><tr><td>6</td><td>non-vested at may 31 2008</td><td>518</td><td>39</td></tr><tr><td>7</td><td>granted</td><td>430</td><td>43</td></tr><tr><td>8</td><td>vested</td><td>-159 ( 159 )</td><td>39</td></tr><tr><td>9</td><td>forfeited</td><td>-27 ( 27 )</td><td>41</td></tr><tr><td>10</td><td>non-vested at may 31 2009</td><td>762</td><td>42</td></tr></table> the weighted average grant-date fair value of share awards granted in the years ended may 31 , 2008 and 2007 was $ 38 and $ 45 , respectively . the total fair value of share awards vested during the years ended may 31 , 2009 , 2008 and 2007 was $ 6.2 million , $ 4.1 million and $ 1.7 million , respectively . we recognized compensation expense for restricted stock of $ 9.0 million , $ 5.7 million , and $ 2.7 million in the years ended may 31 , 2009 , 2008 and 2007 . as of may 31 , 2009 , there was $ 23.5 million of total unrecognized compensation cost related to unvested restricted stock awards that is expected to be recognized over a weighted average period of 2.9 years . employee stock purchase plan we have an employee stock purchase plan under which the sale of 2.4 million shares of our common stock has been authorized . employees may designate up to the lesser of $ 25000 or 20% ( 20 % ) of their annual compensation for the purchase of stock . the price for shares purchased under the plan is 85% ( 85 % ) of the market value on the last day of the quarterly purchase period . as of may 31 , 2009 , 0.8 million shares had been issued under this plan , with 1.6 million shares reserved for future issuance . the weighted average grant-date fair value of each designated share purchased under this plan was $ 6 , $ 6 and $ 8 in the years ended may 31 , 2009 , 2008 and 2007 , respectively . these values represent the fair value of the 15% ( 15 % ) discount . note 12 2014segment information general information during fiscal 2009 , we began assessing our operating performance using a new segment structure . we made this change as a result of our june 30 , 2008 acquisition of 51% ( 51 % ) of hsbc merchant services llp in the united kingdom , in addition to anticipated future international expansion . beginning with the quarter ended august 31 , 2008 , the reportable segments are defined as north america merchant services , international merchant services , and money transfer . the following tables reflect these changes and such reportable segments for fiscal years 2009 , 2008 , and 2007. .
Question: what was the fair value of share awards vested in 2009?
Answer: 6.2
Question: what was the value in 2007?
Answer: 1.7
Question: what was the net change in value?
| 4.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2012</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2013</td><td>$ 108.50</td><td>$ 122.80</td><td>$ 132.40</td></tr><tr><td>4</td><td>december 31 2014</td><td>$ 106.20</td><td>$ 132.50</td><td>$ 150.50</td></tr><tr><td>5</td><td>december 31 2015</td><td>$ 120.40</td><td>$ 143.50</td><td>$ 152.60</td></tr><tr><td>6</td><td>december 31 2016</td><td>$ 130.80</td><td>$ 145.60</td><td>$ 170.80</td></tr><tr><td>7</td><td>december 31 2017</td><td>$ 156.80</td><td>$ 172.70</td><td>$ 208.10</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc . was removed following the completion of its acquisition by british american tobacco p.l.c . on july 25 , 2017 . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
Answer: 156.8
Question: what is the net increase from the initial value?
Answer: 56.8
Question: what percentage change does this represent?
| 0.568 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
notes to consolidated financial statements 2014 ( continued ) ucs . as of may 31 , 2009 , $ 55.0 million of the purchase price was held in escrow ( the 201cescrow account 201d ) . prior to our acquisition of ucs , the former parent company of ucs pledged the company 2019s stock as collateral for a third party loan ( 201cthe loan 201d ) that matures on september 24 , 2009 . upon repayment of this loan , the stock will be released to us and $ 35.0 million of the purchase price will be released to the seller . the remaining $ 20.0 million will remain in escrow until january 1 , 2013 , to satisfy any liabilities discovered post-closing that existed at the purchase date . the purpose of this acquisition was to establish an acquiring presence in the russian market and a foundation for other direct acquiring opportunities in central and eastern europe . the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . upon acquisition of ucs global payments assumed an indirect guarantee of the loan . in the event of a default by the third-party debtor , we would be required to transfer all of the shares of ucs to the trustee or pay the amount outstanding under the loan . at may 31 , 2009 the maximum potential amount of future payments under the guarantee was $ 44.1 million which represents the total outstanding under the loan , consisting of $ 21.8 million due and paid on june 24 , 2009 and $ 22.3 million due on september 24 , 2009 . should the third-party debtor default on the final payment , global payments would pay the total amount outstanding and seek to be reimbursed for any payments made from the $ 55 million held in the escrow account . we did not record an obligation for this guarantee because we determined that the fair value of the guarantee is de minimis . the following table summarizes the preliminary purchase price allocation ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>total current assets</td><td>$ 10657</td></tr><tr><td>2</td><td>goodwill</td><td>35431</td></tr><tr><td>3</td><td>customer-related intangible assets</td><td>16500</td></tr><tr><td>4</td><td>trademark</td><td>3100</td></tr><tr><td>5</td><td>property and equipment</td><td>19132</td></tr><tr><td>6</td><td>other long-term assets</td><td>13101</td></tr><tr><td>7</td><td>total assets acquired</td><td>97921</td></tr><tr><td>8</td><td>current liabilities</td><td>-7245 ( 7245 )</td></tr><tr><td>9</td><td>notes payable</td><td>-8227 ( 8227 )</td></tr><tr><td>10</td><td>deferred income taxes and other long-term liabilities</td><td>-7449 ( 7449 )</td></tr><tr><td>11</td><td>total liabilities assumed</td><td>-22921 ( 22921 )</td></tr><tr><td>12</td><td>net assets acquired</td><td>$ 75000</td></tr></table> all of the goodwill associated with the acquisition is non-deductible for tax purposes . the customer-related intangible assets have amortization periods of 9 to 15 years . the trademark has an amortization period of 10 years . global payments asia-pacific philippines incorporated on september 4 , 2008 , global payments asia-pacific , limited ( 201cgpap 201d ) , the entity through which we conduct our merchant acquiring business in the asia-pacific region , indirectly acquired global payments asia- pacific philippines incorporated ( 201cgpap philippines 201d ) , a newly formed company into which hsbc asia pacific contributed its merchant acquiring business in the philippines . we own 56% ( 56 % ) of gpap and hsbc asia pacific .
Question: in thousands, what will be the annual amortization expense for the trademark segment?
| 310.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively . this performance graph and the related textual information are based on historical data and are not indicative of future performance . the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 . our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc . ( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc . ( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc . our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations . comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/2008</td><td>12/2009</td><td>12/2010</td><td>12/2011</td><td>12/2012</td><td>12/2013</td></tr><tr><td>2</td><td>valero common stock</td><td>$ 100.00</td><td>$ 79.77</td><td>$ 111.31</td><td>$ 102.57</td><td>$ 170.45</td><td>$ 281.24</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>126.46</td><td>145.51</td><td>148.59</td><td>172.37</td><td>228.19</td></tr><tr><td>4</td><td>old peer group</td><td>100.00</td><td>126.98</td><td>122.17</td><td>127.90</td><td>138.09</td><td>170.45</td></tr><tr><td>5</td><td>new peer group</td><td>100.00</td><td>127.95</td><td>120.42</td><td>129.69</td><td>136.92</td><td>166.57</td></tr></table> ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 . 201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Answer: 111.31
Question: what about in 2009?
Answer: 79.77
Question: what is the difference in the value?
Answer: 31.54
Question: what is the value of an investment in valero common stock in 2009?
Answer: 79.77
Question: what percentage does this represent?
| 0.39539 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
fleet automation approximately 66% ( 66 % ) of our residential routes have been converted to automated single driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 12% ( 12 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng , our preferred alternative fuel technology , as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is most prudent to realize the full value of our previous fleet investments . approximately 50% ( 50 % ) of our replacement vehicle purchases during 2013 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission objectives or initiatives that focus on protecting the environment . although upfront costs are higher , we expect that using natural gas will reduce our overall fleet operating costs through lower fuel expenses . standardized maintenance based on an industry trade publication , we operate the eighth largest vocational fleet in the united states . as of december 31 , 2013 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles average age . <table class='wikitable'><tr><td>1</td><td>-</td><td>approximate number of vehicles</td><td>average age</td></tr><tr><td>2</td><td>residential</td><td>7600</td><td>7</td></tr><tr><td>3</td><td>commercial</td><td>4300</td><td>6</td></tr><tr><td>4</td><td>industrial</td><td>3600</td><td>9</td></tr><tr><td>5</td><td>total</td><td>15500</td><td>7</td></tr></table> through standardization of core functions , we believe we can minimize variability in our maintenance processes resulting in higher vehicle quality while extending the service life of our fleet . we believe operating a more reliable , safer and efficient fleet will lower our operating costs . we have completed implementation of standardized maintenance programs for approximately 45% ( 45 % ) of our fleet maintenance operations as of december 31 , 2013 . cash utilization strategy key components of our cash utilization strategy include increasing free cash flow and improving our return on invested capital . our definition of free cash flow , which is not a measure determined in accordance with united states generally accepted accounting principles ( u.s . gaap ) , is cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows . for a discussion and reconciliation of free cash flow , you should read the 201cfree cash flow 201d section of our management 2019s discussion and analysis of financial condition and results of operations contained in item 7 of this form 10-k . we believe free cash flow drives shareholder value and provides useful information regarding the recurring cash provided by our operations . free cash flow also demonstrates our ability to execute our cash utilization strategy , which includes investments in acquisitions and returning a majority of free cash flow to our shareholders through dividends and share repurchases . we are committed to an efficient capital structure and maintaining our investment grade rating . we manage our free cash flow by ensuring that capital expenditures and operating asset levels are appropriate in light of our existing business and growth opportunities , as well as by closely managing our working capital , which consists primarily of accounts receivable , accounts payable , and accrued landfill and environmental costs. .
Question: as of december 31, 2013, what was the number of residential vehicles?
Answer: 7600.0
Question: and what was the number of industrial ones?
Answer: 3600.0
Question: how much, then, does the residential fleet number represent in relation to this industrial one?
| 2.11111 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) were converted on a one-to-one basis from class eu ( series i , ii , iii ) common stock to class c ( series iii , ii , and iv ) common stock concurrent with the true-up . the results of the true-up are reflected in the table below . fractional shares resulting from the conversion of the shares of each individual stockholder have been rounded down . these fractional shares were paid in cash to stockholders as part of the initial redemption of class b common stock and class c common stock shortly following the ipo . outstanding regional classes and series of common stock issued in the reorganization converted classes and series of common stock issued in the true-up number of regional classes and series of common stock issued in the reorganization true-up conversion number of converted classes and series of common stock after the true-up class usa ( 1 ) class b ( 2 ) 426390481 0.93870 400251872 . <table class='wikitable'><tr><td>1</td><td>outstanding regional classes and seriesof common stock issued inthe reorganization</td><td>converted classes and series of common stock issued in the true-up</td><td>number of regional classes and series of common stock issued in the reorganization</td><td>true-up conversion ratio</td><td>number of converted classes and series of common stock after the true-up</td></tr><tr><td>2</td><td>class usa ( 1 )</td><td>class b ( 2 )</td><td>426390481</td><td>0.93870</td><td>400251872</td></tr><tr><td>3</td><td>class eu ( series i )</td><td>class c ( series iii )</td><td>62213201</td><td>1.00000</td><td>62213201</td></tr><tr><td>4</td><td>class eu ( series ii )</td><td>class c ( series ii )</td><td>27904464</td><td>1.00000</td><td>27904464</td></tr><tr><td>5</td><td>class eu ( series iii )</td><td>class c ( series iv )</td><td>549587</td><td>1.00000</td><td>549587</td></tr><tr><td>6</td><td>class canada</td><td>class c ( series i )</td><td>22034685</td><td>0.98007</td><td>21595528</td></tr><tr><td>7</td><td>class ap</td><td>class c ( series i )</td><td>119100481</td><td>1.19043</td><td>141780635</td></tr><tr><td>8</td><td>class lac</td><td>class c ( series i )</td><td>80137915</td><td>1.07110</td><td>85835549</td></tr><tr><td>9</td><td>class cemea</td><td>class c ( series i )</td><td>36749698</td><td>0.95101</td><td>34949123</td></tr></table> ( 1 ) the amount of the class usa common stock outstanding prior to the true-up is net of 131592008 shares held by wholly-owned subsidiaries of the company . ( 2 ) the amount of the class b common stock outstanding subsequent to the true-up is net of 123525418 shares held by wholly-owned subsidiaries of the company . also , the company issued 51844393 additional shares of class c ( series ii ) common stock at a price of $ 44 per share in exchange for a subscription receivable from visa europe . this issuance and subscription receivable were recorded as offsetting entries in temporary equity on the company 2019s consolidated balance sheet at september 30 , 2008 . initial public offering in march 2008 , the company completed its ipo with the issuance of 446600000 shares of class a common stock at a net offering price of $ 42.77 ( the ipo price of $ 44.00 per share of class a common stock , less underwriting discounts and commissions of $ 1.23 per share ) . the company received net proceeds of $ 19.1 billion as a result of the ipo. .
Question: what was the amount gained with the issuance of the class a common stock in 2008?
| 19101082000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
net cash used by investing activities in 2013 also included $ 38.2 million for the may 13 , 2013 acquisition of challenger . see note 2 to the consolidated financial statements for information on the challenger acquisition . capital expenditures in 2013 , 2012 and 2011 totaled $ 70.6 million , $ 79.4 million and $ 61.2 million , respectively . capital expenditures in 2013 included continued investments related to the company 2019s execution of its strategic value creation processes around safety , quality , customer connection , innovation and rci initiatives . capital expenditures in all three years included spending to support the company 2019s strategic growth initiatives . in 2013 , the company continued to invest in new product , efficiency , safety and cost reduction initiatives to expand and improve its manufacturing capabilities worldwide . in 2012 , the company completed the construction of a fourth factory in kunshan , china , following the 2011 construction of a new engineering and research and development facility in kunshan . capital expenditures in all three years also included investments , particularly in the united states , in new product , efficiency , safety and cost reduction initiatives , as well as investments in new production and machine tooling to enhance manufacturing operations , and ongoing replacements of manufacturing and distribution equipment . capital spending in all three years also included spending for the replacement and enhancement of the company 2019s global enterprise resource planning ( erp ) management information systems , as well as spending to enhance the company 2019s corporate headquarters and research and development facilities in kenosha , wisconsin . snap-on believes that its cash generated from operations , as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company 2019s capital expenditure requirements in 2014 . financing activities net cash used by financing activities was $ 137.8 million in 2013 , $ 127.0 million in 2012 and $ 293.7 million in 2011 . net cash used by financing activities in 2011 reflects the august 2011 repayment of $ 200 million of unsecured 6.25% ( 6.25 % ) notes upon maturity with available cash . proceeds from stock purchase and option plan exercises totaled $ 29.2 million in 2013 , $ 46.8 million in 2012 and $ 25.7 million in 2011 . snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans , stock options and other corporate purposes . in 2013 , snap-on repurchased 926000 shares of its common stock for $ 82.6 million under its previously announced share repurchase programs . as of 2013 year end , snap-on had remaining availability to repurchase up to an additional $ 191.7 million in common stock pursuant to its board of directors 2019 ( the 201cboard 201d ) authorizations . the purchase of snap-on common stock is at the company 2019s discretion , subject to prevailing financial and market conditions . snap-on repurchased 1180000 shares of its common stock for $ 78.1 million in 2012 ; snap-on repurchased 628000 shares of its common stock for $ 37.4 million in 2011 . snap-on believes that its cash generated from operations , available cash on hand , and funds available from its credit facilities , will be sufficient to fund the company 2019s share repurchases , if any , in 2014 . snap-on has paid consecutive quarterly cash dividends , without interruption or reduction , since 1939 . cash dividends paid in 2013 , 2012 and 2011 totaled $ 92.0 million , $ 81.5 million and $ 76.7 million , respectively . on november 8 , 2013 , the company announced that its board increased the quarterly cash dividend by 15.8% ( 15.8 % ) to $ 0.44 per share ( $ 1.76 per share per year ) . quarterly dividends declared in 2013 were $ 0.44 per share in the fourth quarter and $ 0.38 per share in the first three quarters ( $ 1.58 per share for the year ) . quarterly dividends declared in 2012 were $ 0.38 per share in the fourth quarter and $ 0.34 per share in the first three quarters ( $ 1.40 per share for the year ) . quarterly dividends in 2011 were $ 0.34 per share in the fourth quarter and $ 0.32 per share in the first three quarters ( $ 1.30 per share for the year ) . . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>cash dividends paid per common share</td><td>$ 1.58</td><td>$ 1.40</td><td>$ 1.30</td></tr><tr><td>3</td><td>cash dividends paid as a percent of prior-year retained earnings</td><td>4.5% ( 4.5 % )</td><td>4.4% ( 4.4 % )</td><td>4.7% ( 4.7 % )</td></tr></table> cash dividends paid as a percent of prior-year retained earnings 4.5% ( 4.5 % ) 4.4% ( 4.4 % ) snap-on believes that its cash generated from operations , available cash on hand and funds available from its credit facilities will be sufficient to pay dividends in 2014 . off-balance-sheet arrangements except as included below in the section labeled 201ccontractual obligations and commitments 201d and note 15 to the consolidated financial statements , the company had no off-balance-sheet arrangements as of 2013 year end . 2013 annual report 49 .
Question: what was the value of cash dividends paid in 2013?
| 92.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
other taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) . <table class='wikitable'><tr><td>1</td><td>( millions except pershare amounts )</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>operating revenue</td><td>$ 5940</td><td>$ 6144</td><td>$ 4894</td></tr><tr><td>3</td><td>operating expenses</td><td>4520</td><td>4749</td><td>3939</td></tr><tr><td>4</td><td>net income contribution</td><td>770</td><td>723</td><td>489</td></tr><tr><td>5</td><td>earnings per share contribution</td><td>$ 2.72</td><td>$ 2.86</td><td>$ 2.07</td></tr><tr><td>6</td><td>electricity supplied* ( million mwhrs )</td><td>101</td><td>95</td><td>83</td></tr><tr><td>7</td><td>gas transmission throughput ( bcf )</td><td>597</td><td>553</td><td>567</td></tr></table> * amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .
Question: what was the electricity supplied (in million mwhrs) in the year of 2002?
Answer: 101.0
Question: and what was that of 2001?
Answer: 95.0
Question: what was, then, the change rate in the electricity supplied from 2001 to 2002?
Answer: 1.06316
Question: what was the electricity supplied (in million mwhrs) in the year of 2002?
Answer: 101.0
Question: given that same growth pattern from 2002, what would be the electricity supplied (in million mwhrs) in the year of 2003?
| 107.37895 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis in industrial usage is primarily due to increased demand from new customers and expansion projects , primarily in the chemicals industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2014 net revenue</td><td>$ 2246.1</td></tr><tr><td>3</td><td>retail electric price</td><td>180.0</td></tr><tr><td>4</td><td>volume/weather</td><td>39.5</td></tr><tr><td>5</td><td>waterford 3 replacement steam generator provision</td><td>-32.0 ( 32.0 )</td></tr><tr><td>6</td><td>miso deferral</td><td>-32.0 ( 32.0 )</td></tr><tr><td>7</td><td>other</td><td>7.2</td></tr><tr><td>8</td><td>2015 net revenue</td><td>$ 2408.8</td></tr></table> the retail electric price variance is primarily due to formula rate plan increases , as approved by the lpsc , effective december 2014 and january 2015 . entergy louisiana 2019s formula rate plan increases are discussed in note 2 to the financial statements . the volume/weather variance is primarily due to an increase of 841 gwh , or 2% ( 2 % ) , in billed electricity usage , as a result of increased industrial usage primarily due to increased demand for existing large refinery customers , new customers , and expansion projects primarily in the chemicals industry , partially offset by a decrease in demand in the chemicals industry as a result of a seasonal outage for an existing customer . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges. .
Question: what was the difference in net revenue between 2015 and 2014?
Answer: 162.7
Question: and what was the net revenue in 2014?
| 2246.1 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net sales</td><td>$ 7384</td><td>$ 6836</td><td>$ 7339</td></tr><tr><td>3</td><td>operating profit</td><td>443</td><td>360</td><td>345</td></tr></table> net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 . the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million . in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs . the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 . net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 . the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million . in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs . there were six launches in 2001 compared to 14 launches in 2000 . the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities . these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 . operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business . reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 . commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased . in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts . due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging . during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 . this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs . the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million . the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities . operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 . operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space . in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs . the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 . in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities . the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 . these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts . commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .
Question: what was the profit margin for lockheed martin in 2002?
| 0.05999 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 156.1 in 2015 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014. . <table class='wikitable'><tr><td>1</td><td>balance sheet data</td><td>december 31 , 2016</td><td>december 31 , 2015</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 1100.6</td><td>$ 1509.7</td></tr><tr><td>3</td><td>short-term borrowings</td><td>$ 85.7</td><td>$ 132.9</td></tr><tr><td>4</td><td>current portion of long-term debt</td><td>323.9</td><td>1.9</td></tr><tr><td>5</td><td>long-term debt</td><td>1280.7</td><td>1610.3</td></tr><tr><td>6</td><td>total debt</td><td>$ 1690.3</td><td>$ 1745.1</td></tr></table> liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes and debt service . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests . notable funding requirements include : 2022 debt service 2013 our 2.25% ( 2.25 % ) senior notes in aggregate principal amount of $ 300.0 mature on november 15 , 2017 , and a $ 22.6 note classified within our other notes payable is due on june 30 , 2017 . we expect to use available cash to fund the retirement of the outstanding notes upon maturity . the remainder of our debt is primarily long-term , with maturities scheduled through 2024 . see the table below for the maturity schedule of our long-term debt . 2022 acquisitions 2013 we paid cash of $ 52.1 , net of cash acquired of $ 13.6 , for acquisitions completed in 2016 . we also paid $ 0.5 in up-front payments and $ 59.3 in deferred payments for prior-year acquisitions as well as ownership increases in our consolidated subsidiaries . in addition to potential cash expenditures for new acquisitions , we expect to pay approximately $ 77.0 in 2017 related to prior-year acquisitions . we may also be required to pay approximately $ 31.0 in 2017 related to put options held by minority shareholders if exercised . we will continue to evaluate strategic opportunities to grow and continue to strengthen our market position , particularly in our digital and marketing services offerings , and to expand our presence in high-growth and key strategic world markets . 2022 dividends 2013 during 2016 , we paid four quarterly cash dividends of $ 0.15 per share on our common stock , which corresponded to aggregate dividend payments of $ 238.4 . on february 10 , 2017 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.18 per share , payable on march 15 , 2017 to holders of record as of the close of business on march 1 , 2017 . assuming we pay a quarterly dividend of $ 0.18 per share and there is no significant change in the number of outstanding shares as of december 31 , 2016 , we would expect to pay approximately $ 280.0 over the next twelve months. .
Question: what was the full amount of cash equivalents and marketable securities in 2016?
| 1665.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
notes to consolidated financial statements 236 jpmorgan chase & co./2010 annual report the table below sets forth the accretable yield activity for the firm 2019s pci consumer loans for the years ended december 31 , 2010 , 2009 and . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in millions except ratios )</td><td>year ended december 31 , 2010</td><td>year ended december 31 , 2009</td><td>2008</td></tr><tr><td>2</td><td>balance january 1</td><td>$ 25544</td><td>$ 32619</td><td>$ 2014</td></tr><tr><td>3</td><td>washington mutual acquisition</td><td>2014</td><td>2014</td><td>39454</td></tr><tr><td>4</td><td>accretion into interest income</td><td>-3232 ( 3232 )</td><td>-4363 ( 4363 )</td><td>-1292 ( 1292 )</td></tr><tr><td>5</td><td>changes in interest rates on variable rate loans</td><td>-819 ( 819 )</td><td>-4849 ( 4849 )</td><td>-5543 ( 5543 )</td></tr><tr><td>6</td><td>other changes in expected cash flows ( a )</td><td>-2396 ( 2396 )</td><td>2137</td><td>2014</td></tr><tr><td>7</td><td>balance december 31</td><td>$ 19097</td><td>$ 25544</td><td>$ 32619</td></tr><tr><td>8</td><td>accretable yield percentage</td><td>4.35% ( 4.35 % )</td><td>5.14% ( 5.14 % )</td><td>5.81% ( 5.81 % )</td></tr></table> ( a ) other changes in expected cash flows may vary from period to period as the firm continues to refine its cash flow model and periodically updates model assumptions . for the years ended december 31 , 2010 and 2009 , other changes in expected cash flows were principally driven by changes in prepayment assumptions , as well as reclassification to the nonaccretable difference . such changes are expected to have an insignificant impact on the accretable yield percentage . the factors that most significantly affect estimates of gross cash flows expected to be collected , and accordingly the accretable yield balance , include : ( i ) changes in the benchmark interest rate indices for variable rate products such as option arm and home equity loans ; and ( ii ) changes in prepayment assump- tions . to date , the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on vari- able-rate loans and , to a lesser extent , extended loan liquida- tion periods . certain events , such as extended loan liquidation periods , affect the timing of expected cash flows but not the amount of cash expected to be received ( i.e. , the accretable yield balance ) . extended loan liquidation periods reduce the accretable yield percentage because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time. .
Question: what was the balance of total pci consumer loans in 2010?
Answer: 19097.0
Question: and in 2009?
| 25544.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2008</td><td>december 31 2007</td></tr><tr><td>2</td><td>carrying amount reported on the consolidated balance sheet</td><td>$ 4273</td><td>$ 6392</td></tr><tr><td>3</td><td>aggregate fair value in excess of unpaid principal balance</td><td>$ 138</td><td>$ 136</td></tr><tr><td>4</td><td>balance on non-accrual loans or loans more than 90 days past due</td><td>$ 9</td><td>$ 17</td></tr><tr><td>5</td><td>aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue</td><td>$ 2</td><td>$ 2014</td></tr></table> the company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings . the election has been made to mitigate accounting mismatches and to achieve operational simplifications . these positions are reported in short-term borrowings and long-term debt on the company 2019s consolidated balance sheet . the majority of these non-structured liabilities are a result of the company 2019s election of the fair-value option for liabilities associated with the citi-advised structured investment vehicles ( sivs ) , which were consolidated during the fourth quarter of 2007 . the change in fair values of the sivs 2019 liabilities reported in earnings was $ 2.6 billion for the year ended december 31 , 2008 . for these non-structured liabilities the aggregate fair value is $ 263 million lower than the aggregate unpaid principal balance as of december 31 , 2008 . for all other non-structured liabilities classified as long-term debt for which the fair-value option has been elected , the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $ 97 million as of december 31 , 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $ 112 million as of december 31 , 2007 . the change in fair value of these non-structured liabilities reported a gain of $ 1.2 billion for the year ended december 31 , 2008 . the change in fair value for these non-structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income . related interest expense continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . certain mortgage loans citigroup has elected the fair-value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for- sale . these loans are intended for sale or securitization and are hedged with derivative instruments . the company has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications . the fair-value option was not elected for loans held-for-investment , as those loans are not hedged with derivative instruments . this election was effective for applicable instruments originated or purchased on or after september 1 , 2007 . the following table provides information about certain mortgage loans carried at fair value : in millions of dollars december 31 , december 31 , carrying amount reported on the consolidated balance sheet $ 4273 $ 6392 aggregate fair value in excess of unpaid principal balance $ 138 $ 136 balance on non-accrual loans or loans more than 90 days past due $ 9 $ 17 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $ 2 $ 2014 the changes in fair values of these mortgage loans is reported in other revenue in the company 2019s consolidated statement of income . the changes in fair value during the year ended december 31 , 2008 due to instrument- specific credit risk resulted in a $ 32 million loss . the change in fair value during 2007 due to instrument-specific credit risk was immaterial . related interest income continues to be measured based on the contractual interest rates and reported as such in the consolidated income statement . items selected for fair-value accounting in accordance with sfas 155 and sfas 156 certain hybrid financial instruments the company has elected to apply fair-value accounting under sfas 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate , foreign exchange or inflation ( e.g. , equity , credit or commodity risks ) . in addition , the company has elected fair-value accounting under sfas 155 for residual interests retained from securitizing certain financial assets . the company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and , therefore , are managed on a fair-value basis . in addition , the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately . the hybrid financial instruments are classified as trading account assets , loans , deposits , trading account liabilities ( for prepaid derivatives ) , short-term borrowings or long-term debt on the company 2019s consolidated balance sheet according to their legal form , while residual interests in certain securitizations are classified as trading account assets . for hybrid financial instruments for which fair-value accounting has been elected under sfas 155 and that are classified as long-term debt , the aggregate unpaid principal exceeds the aggregate fair value by $ 1.9 billion as of december 31 , 2008 , while the aggregate fair value exceeds the aggregate unpaid principal balance by $ 460 million as of december 31 , 2007 . the difference for those instruments classified as loans is immaterial . changes in fair value for hybrid financial instruments , which in most cases includes a component for accrued interest , are recorded in principal transactions in the company 2019s consolidated statement of income . interest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as interest revenue in the company 2019s consolidated statement of income . mortgage servicing rights the company accounts for mortgage servicing rights ( msrs ) at fair value in accordance with sfas 156 . fair value for msrs is determined using an option-adjusted spread valuation approach . this approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates . the model assumptions used in the valuation of msrs include mortgage prepayment speeds and discount rates . the fair value of msrs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates . in managing this risk , the company hedges a significant portion of the values of its msrs through the use of interest-rate derivative contracts , forward- purchase commitments of mortgage-backed securities , and purchased securities classified as trading . see note 23 on page 175 for further discussions regarding the accounting and reporting of msrs . these msrs , which totaled $ 5.7 billion and $ 8.4 billion as of december 31 , 2008 and december 31 , 2007 , respectively , are classified as mortgage servicing rights on citigroup 2019s consolidated balance sheet . changes in fair value of msrs are recorded in commissions and fees in the company 2019s consolidated statement of income. .
Question: how much do the mortgage servicing rights ( msrs ) on the citigroup 2019s ( msrs ) consolidated balance sheet in 2008 represent in relation to the 2007 ones?
| 0.67857 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our class a common stock trades on the new york stock exchange under the symbol 201cma 201d . at february 8 , 2019 , we had 73 stockholders of record for our class a common stock . we believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our class a common stock is held in 201cstreet name 201d by brokers . there is currently no established public trading market for our class b common stock . there were approximately 287 holders of record of our non-voting class b common stock as of february 8 , 2019 , constituting approximately 1.1% ( 1.1 % ) of our total outstanding equity . stock performance graph the graph and table below compare the cumulative total stockholder return of mastercard 2019s class a common stock , the s&p 500 financials and the s&p 500 index for the five-year period ended december 31 , 2018 . the graph assumes a $ 100 investment in our class a common stock and both of the indices and the reinvestment of dividends . mastercard 2019s class b common stock is not publicly traded or listed on any exchange or dealer quotation system . total returns to stockholders for each of the years presented were as follows : indexed returns base period for the years ended december 31 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>base period 2013</td><td>base period 2014</td><td>base period 2015</td><td>base period 2016</td><td>base period 2017</td><td>2018</td></tr><tr><td>2</td><td>mastercard</td><td>$ 100.00</td><td>$ 103.73</td><td>$ 118.05</td><td>$ 126.20</td><td>$ 186.37</td><td>$ 233.56</td></tr><tr><td>3</td><td>s&p 500 financials</td><td>100.00</td><td>115.20</td><td>113.44</td><td>139.31</td><td>170.21</td><td>148.03</td></tr><tr><td>4</td><td>s&p 500 index</td><td>100.00</td><td>113.69</td><td>115.26</td><td>129.05</td><td>157.22</td><td>150.33</td></tr></table> .
Question: what was the value of mastercard in 2014?
| 103.73 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
conduit assets by asset origin . <table class='wikitable'><tr><td>1</td><td>( dollars in billions )</td><td>2008 amount</td><td>2008 percent of total conduit assets</td><td>2008 amount</td><td>percent of total conduit assets</td></tr><tr><td>2</td><td>united states</td><td>$ 11.09</td><td>46% ( 46 % )</td><td>$ 12.14</td><td>42% ( 42 % )</td></tr><tr><td>3</td><td>australia</td><td>4.30</td><td>17</td><td>6.10</td><td>21</td></tr><tr><td>4</td><td>great britain</td><td>1.97</td><td>8</td><td>2.93</td><td>10</td></tr><tr><td>5</td><td>spain</td><td>1.71</td><td>7</td><td>1.90</td><td>7</td></tr><tr><td>6</td><td>italy</td><td>1.66</td><td>7</td><td>1.86</td><td>7</td></tr><tr><td>7</td><td>portugal</td><td>0.62</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>8</td><td>germany</td><td>0.57</td><td>3</td><td>0.70</td><td>2</td></tr><tr><td>9</td><td>netherlands</td><td>0.40</td><td>2</td><td>0.55</td><td>2</td></tr><tr><td>10</td><td>belgium</td><td>0.29</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>11</td><td>greece</td><td>0.27</td><td>1</td><td>0.31</td><td>1</td></tr><tr><td>12</td><td>other</td><td>1.01</td><td>5</td><td>1.26</td><td>5</td></tr><tr><td>13</td><td>total conduit assets</td><td>$ 23.89</td><td>100% ( 100 % )</td><td>$ 28.76</td><td>100% ( 100 % )</td></tr></table> the conduits meet the definition of a vie , as defined by fin 46 ( r ) . we have determined that we are not the primary beneficiary of the conduits , as defined by fin 46 ( r ) , and do not record them in our consolidated financial statements . we hold no direct or indirect ownership interest in the conduits , but we provide subordinated financial support to them through contractual arrangements . standby letters of credit absorb certain actual credit losses from the conduit assets ; our commitment under these letters of credit totaled $ 1.00 billion and $ 1.04 billion at december 31 , 2008 and 2007 , respectively . liquidity asset purchase agreements provide liquidity to the conduits in the event they cannot place commercial paper in the ordinary course of their business ; these facilities , which require us to purchase assets from the conduits at par , would provide the needed liquidity to repay maturing commercial paper if there was a disruption in the asset-backed commercial paper market . the aggregate commitment under the liquidity asset purchase agreements was approximately $ 23.59 billion and $ 28.37 billion at december 31 , 2008 and 2007 , respectively . we did not accrue for any losses associated with either our commitment under the standby letters of credit or the liquidity asset purchase agreements in our consolidated statement of condition at december 31 , 2008 or 2007 . during the first quarter of 2008 , pursuant to the contractual terms of our liquidity asset purchase agreements with the conduits , we were required to purchase $ 850 million of conduit assets . the purchase was the result of various factors , including the continued illiquidity in the commercial paper markets . the securities were purchased at prices determined in accordance with existing contractual terms in the liquidity asset purchase agreements , and which exceeded their fair value . accordingly , during the first quarter of 2008 , the securities were written down to their fair value through a $ 12 million reduction of processing fees and other revenue in our consolidated statement of income , and are carried at fair value in securities available for sale in our consolidated statement of condition . none of our liquidity asset purchase agreements with the conduits were drawn upon during the remainder of 2008 , and no draw-downs on the standby letters of credit occurred during 2008 . the conduits generally sell commercial paper to independent third-party investors . however , we sometimes purchase commercial paper from the conduits . as of december 31 , 2008 , we held an aggregate of approximately $ 230 million of commercial paper issued by the conduits , and $ 2 million at december 31 , 2007 . in addition , approximately $ 5.70 billion of u.s . conduit-issued commercial paper had been sold to the cpff . the cpff is scheduled to expire on october 31 , 2009 . the weighted-average maturity of the conduits 2019 commercial paper in the aggregate was approximately 25 days as of december 31 , 2008 , compared to approximately 20 days as of december 31 , 2007 . each of the conduits has issued first-loss notes to independent third parties , which third parties absorb first- dollar losses related to credit risk . aggregate first-loss notes outstanding at december 31 , 2008 for the four conduits totaled $ 67 million , compared to $ 32 million at december 31 , 2007 . actual credit losses of the conduits .
Question: what was the total conduit asset in 2008?
Answer: 23.59
Question: and what was it in 2007?
Answer: 28.37
Question: what was, then, the change over the year?
| -4.78 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
of exercise for stock options exercised or at period end for outstanding stock options , less the applicable exercise price . the company issued new shares to satisfy exercised stock options . compensation expense the company recorded $ 43 million , $ 34 million , and $ 44 million of expense related to stock awards for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recorded $ 17 million , $ 13 million , and $ 17 million as a tax benefit related to stock awards and stock options for the years ended december 31 , 2015 , 2014 , and 2013 , respectively . the company recognized tax benefits for the years ended december 31 , 2015 , 2014 , and 2013 , of $ 41 million , $ 53 million , and $ 32 million , respectively , from the issuance of stock in settlement of stock awards , and $ 4 million , $ 5 million , and $ 4 million for the years ended december 31 , 2015 , 2014 , and 2013 , respectively , from the exercise of stock options . unrecognized compensation expense as of december 31 , 2015 , the company had less than $ 1 million of unrecognized compensation expense associated with rsrs granted in 2015 and 2014 , which will be recognized over a weighted average period of 1.0 year , and $ 25 million of unrecognized expense associated with rpsrs granted in 2015 , 2014 , and 2013 , which will be recognized over a weighted average period of 0.6 years . as of december 31 , 2015 , the company had no unrecognized compensation expense related to stock options . compensation expense for stock options was fully recognized as of december 31 , 2013 . 20 . unaudited selected quarterly data unaudited quarterly financial results for the years ended december 31 , 2015 and 2014 , are set forth in the following tables: . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2015 1st qtr</td><td>year ended december 31 2015 2nd qtr ( 1 )</td><td>year ended december 31 2015 3rd qtr</td><td>year ended december 31 2015 4th qtr ( 2 )</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 1570</td><td>$ 1745</td><td>$ 1800</td><td>$ 1905</td></tr><tr><td>3</td><td>operating income ( loss )</td><td>156</td><td>269</td><td>200</td><td>144</td></tr><tr><td>4</td><td>earnings ( loss ) before income taxes</td><td>133</td><td>244</td><td>175</td><td>80</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>87</td><td>156</td><td>111</td><td>50</td></tr><tr><td>6</td><td>dividends declared per share</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.40</td><td>$ 0.50</td></tr><tr><td>7</td><td>basic earnings ( loss ) per share</td><td>$ 1.80</td><td>$ 3.22</td><td>$ 2.31</td><td>$ 1.07</td></tr><tr><td>8</td><td>diluted earnings ( loss ) per share</td><td>$ 1.79</td><td>$ 3.20</td><td>$ 2.29</td><td>$ 1.06</td></tr></table> ( 1 ) in the second quarter of 2015 , the company recorded a $ 59 million goodwill impairment charge . during the same period , the company recorded $ 136 million of operating income as a result of the aon settlement . ( 2 ) in the fourth quarter of 2015 , the company recorded $ 16 million goodwill impairment and $ 27 million intangible asset impairment charges. .
Question: what is the total net income for the first two quarters of 2015?
Answer: 243.0
Question: and what is it for the first three quarters?
Answer: 354.0
Question: what was the net income in the fourth quarter?
| 50.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
positions and collateral of the defaulting firm at each respective clearing organization , and taking into account any cross-margining loss sharing payments , any of the participating clearing organizations has a remaining liquidating surplus , and any other participating clearing organization has a remaining liquidating deficit , any additional surplus from the liquidation would be shared with the other clearing house to the extent that it has a remaining liquidating deficit . any remaining surplus funds would be passed to the bankruptcy trustee . mf global bankruptcy trust . the company provided a $ 550.0 million financial guarantee to the bankruptcy trustee of mf global to accelerate the distribution of funds to mf global customers . in the event that the trustee distributed more property in the second or third interim distributions than was permitted by the bankruptcy code and cftc regulations , the company will make a cash payment to the trustee for the amount of the erroneous distribution or distributions up to $ 550.0 million in the aggregate . a payment will only be made after the trustee makes reasonable efforts to collect the property erroneously distributed to the customer ( s ) . if a payment is made by the company , the company may have the right to seek reimbursement of the erroneously distributed property from the applicable customer ( s ) . the guarantee does not cover distributions made by the trustee to customers on the basis of their claims filed in the bankruptcy . because the trustee has now made payments to nearly all customers on the basis of their claims , the company believes that the likelihood of payment to the trustee is very remote . as a result , the guarantee liability is estimated to be immaterial at december 31 , 2012 . family farmer and rancher protection fund . in april 2012 , the company established the family farmer and rancher protection fund ( the fund ) . the fund is designed to provide payments , up to certain maximum levels , to family farmers , ranchers and other agricultural industry participants who use cme group agricultural products and who suffer losses to their segregated account balances due to their cme clearing member becoming insolvent . under the terms of the fund , farmers and ranchers are eligible for up to $ 25000 per participant . farming and ranching cooperatives are eligible for up to $ 100000 per cooperative . the fund has an aggregate maximum payment amount of $ 100.0 million . if payments to participants were to exceed this amount , payments would be pro-rated . clearing members and customers must register in advance with the company and provide certain documentation in order to substantiate their eligibility . peregrine financial group , inc . ( pfg ) filed for bankruptcy protection on july 10 , 2012 . pfg was not one of cme 2019s clearing members and its customers had not registered for the fund . accordingly , they were not technically eligible for payments from the fund . however , because the fund was newly implemented and because pfg 2019s customers included many agricultural industry participants for whom the program was designed , the company decided to waive certain terms and conditions of the fund , solely in connection with the pfg bankruptcy , so that otherwise eligible family farmers , ranchers and agricultural cooperatives could apply for and receive benefits from cme . based on the number of such pfg customers who applied and the estimated size of their claims , the company has recorded a liability in the amount of $ 2.1 million at december 31 , 2012 . 16 . redeemable non-controlling interest the following summarizes the changes in redeemable non-controlling interest for the years presented . non- controlling interests that do not contain redemption features are presented in the statements of equity. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 70.3</td><td>$ 68.1</td><td>$ 2014</td></tr><tr><td>3</td><td>contribution by dow jones</td><td>2014</td><td>2014</td><td>675.0</td></tr><tr><td>4</td><td>distribution to dow jones</td><td>2014</td><td>2014</td><td>-607.5 ( 607.5 )</td></tr><tr><td>5</td><td>allocation of stock-based compensation</td><td>2014</td><td>0.1</td><td>2014</td></tr><tr><td>6</td><td>total comprehensive income attributable to redeemable non-controlling interest</td><td>10.5</td><td>2.1</td><td>0.6</td></tr><tr><td>7</td><td>balance at december 31</td><td>$ 80.8</td><td>$ 70.3</td><td>$ 68.1</td></tr></table> contribution by dow jones . . . . . . . . . . . 2014 2014 675.0 distribution to dow jones . . . . . . . . . . . 2014 2014 ( 607.5 ) allocation of stock- compensation . . . . 2014 0.1 2014 total comprehensive income attributable to redeemable non- controlling interest . . . . . . . . . . 10.5 2.1 0.6 balance at december 31 . . . . . . . . . $ 80.8 $ 70.3 $ 68.1 .
Question: what is the net change in balance of non-controlling interests from 2011 to 2012?
Answer: 10.5
Question: what percentage change does this represent?
| 0.12995 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
factors , including the market price of our common stock , general economic and market conditions and applicable legal requirements . the repurchase program may be commenced , suspended or discontinued at any time . in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million . in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million . as of september 30 , 2019 , we had approximately 19.1 million shares of common stock available for repurchase under the program . we anticipate that we will be able to fund our capital expenditures , interest payments , dividends and stock repurchases , pension payments , working capital needs , note repurchases , restructuring activities , repayments of current portion of long-term debt and other corporate actions for the foreseeable future from cash generated from operations , borrowings under our credit facilities , proceeds from our a/r sales agreement , proceeds from the issuance of debt or equity securities or other additional long-term debt financing , including new or amended facilities . in addition , we continually review our capital structure and conditions in the private and public debt markets in order to optimize our mix of indebtedness . in connection with these reviews , we may seek to refinance existing indebtedness to extend maturities , reduce borrowing costs or otherwise improve the terms and composition of our indebtedness . contractual obligations we summarize our enforceable and legally binding contractual obligations at september 30 , 2019 , and the effect these obligations are expected to have on our liquidity and cash flow in future periods in the following table . certain amounts in this table are based on management 2019s estimates and assumptions about these obligations , including their duration , the possibility of renewal , anticipated actions by third parties and other factors , including estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . because these estimates and assumptions are subjective , the enforceable and legally binding obligations we actually pay in future periods may vary from those presented in the table. . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>payments due by period total</td><td>payments due by period fiscal 2020</td><td>payments due by period fiscal 2021and 2022</td><td>payments due by period fiscal 2023and 2024</td><td>payments due by period thereafter</td></tr><tr><td>2</td><td>long-term debt including current portionexcluding capital lease obligations ( 1 )</td><td>$ 9714.1</td><td>$ 550.8</td><td>$ 939.8</td><td>$ 2494.3</td><td>$ 5729.2</td></tr><tr><td>3</td><td>operating lease obligations ( 2 )</td><td>930.4</td><td>214.3</td><td>316.4</td><td>193.6</td><td>206.1</td></tr><tr><td>4</td><td>capital lease obligations ( 3 )</td><td>168.9</td><td>6.4</td><td>8.7</td><td>2.9</td><td>150.9</td></tr><tr><td>5</td><td>purchase obligations and other ( 4 ) ( 5 ) ( 6 )</td><td>2293.5</td><td>1607.0</td><td>292.5</td><td>206.7</td><td>187.3</td></tr><tr><td>6</td><td>total</td><td>$ 13106.9</td><td>$ 2378.5</td><td>$ 1557.4</td><td>$ 2897.5</td><td>$ 6273.5</td></tr></table> ( 1 ) includes only principal payments owed on our debt assuming that all of our long-term debt will be held to maturity , excluding scheduled payments . we have excluded $ 163.5 million of fair value of debt step-up , deferred financing costs and unamortized bond discounts from the table to arrive at actual debt obligations . see 201cnote 13 . debt 201d of the notes to consolidated financial statements for information on the interest rates that apply to our various debt instruments . ( 2 ) see 201cnote 15 . operating leases 201d of the notes to consolidated financial statements for additional information . ( 3 ) the fair value step-up of $ 16.9 million is excluded . see 201cnote 13 . debt 2014 capital lease and other indebtedness 201d of the notes to consolidated financial statements for additional information . ( 4 ) purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provision ; and the approximate timing of the transaction . purchase obligations exclude agreements that are cancelable without penalty . ( 5 ) we have included in the table future estimated minimum pension plan contributions and estimated benefit payments related to postretirement obligations , supplemental retirement plans and deferred compensation plans . our estimates are based on factors , such as discount rates and expected returns on plan assets . future contributions are subject to changes in our underfunded status based on factors such as investment performance , discount rates , returns on plan assets and changes in legislation . it is possible that our assumptions may change , actual market performance may vary or we may decide to contribute different amounts . we have excluded $ 237.2 million of multiemployer pension plan withdrawal liabilities recorded as of september 30 , 2019 , including our estimate of the accumulated funding deficiency , due to lack of .
Question: what is the total of the payments due in 2020?
| 2378.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 . shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share . the company did not sell any shares in , or receive any proceeds from , the secondary offering . concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc . pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering . these shares were retired on december 21 , 2005 . 10 . commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment . operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases . the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years . the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2006</td><td>$ 24569</td></tr><tr><td>2</td><td>2007</td><td>21086</td></tr><tr><td>3</td><td>2008</td><td>14716</td></tr><tr><td>4</td><td>2009</td><td>9801</td></tr><tr><td>5</td><td>2010</td><td>6670</td></tr><tr><td>6</td><td>thereafter</td><td>37130</td></tr><tr><td>7</td><td>total</td><td>$ 113972</td></tr></table> capital lease obligations were not significant to the accompanying financial statements . total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively . these costs are included in cost of goods sold and selling and administrative expenses. .
Question: what was total lease expense in 2005?
Answer: 35.8
Question: what was it in 2004?
Answer: 33.0
Question: what was the net change?
Answer: 2.8
Question: what was the 2004 value?
| 33.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2013 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 2956907 $ 35.01 2786760 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>2956907</td><td>$ 35.01</td><td>2786760</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 818723 were subject to stock options , 1002217 were subject to outstanding restricted performance stock rights , 602400 were restricted stock rights , and 63022 were stock rights granted under the 2011 plan . in addition , this number includes 24428 stock rights and 446117 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 818723 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2014 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what was the number of securities to be issued upon exercise of outstanding options warrants and rights of equity compensation plans approved by security holders?
Answer: 2956907.0
Question: what was the number of securities remaining available for future issuance under equity compensation plans of equity compensation plans approved by security holders?
| 2786760.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
adobe systems incorporated notes to consolidated financial statements ( continued ) accounting for uncertainty in income taxes during fiscal 2013 and 2012 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>beginning balance</td><td>$ 160468</td><td>$ 163607</td></tr><tr><td>3</td><td>gross increases in unrecognized tax benefits 2013 prior year tax positions</td><td>20244</td><td>1038</td></tr><tr><td>4</td><td>gross increases in unrecognized tax benefits 2013 current year tax positions</td><td>16777</td><td>23771</td></tr><tr><td>5</td><td>settlements with taxing authorities</td><td>-55851 ( 55851 )</td><td>-1754 ( 1754 )</td></tr><tr><td>6</td><td>lapse of statute of limitations</td><td>-4066 ( 4066 )</td><td>-25387 ( 25387 )</td></tr><tr><td>7</td><td>foreign exchange gains and losses</td><td>-1474 ( 1474 )</td><td>-807 ( 807 )</td></tr><tr><td>8</td><td>ending balance</td><td>$ 136098</td><td>$ 160468</td></tr></table> as of november 29 , 2013 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 11.4 million . we file income tax returns in the u.s . on a federal basis and in many u.s . state and foreign jurisdictions . we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities . our major tax jurisdictions are the u.s. , ireland and california . for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2010 , respectively . we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations . we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position . in july 2013 , a u.s . income tax examination covering our fiscal years 2008 and 2009 was completed . our accrued tax and interest related to these years was $ 48.4 million and was previously reported in long-term income taxes payable . we settled the tax obligation resulting from this examination with cash and income tax assets totaling $ 41.2 million , and the resulting $ 7.2 million income tax benefit was recorded in the third quarter of fiscal 2013 . the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process . these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities . we believe that within the next 12 months , it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire , or both . given the uncertainties described above , we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $ 0 to approximately $ 5 million . note 10 . restructuring fiscal 2011 restructuring plan in the fourth quarter of fiscal 2011 , we initiated a restructuring plan consisting of reductions in workforce and the consolidation of facilities in order to better align our resources around our digital media and digital marketing strategies . during fiscal 2013 , we continued to implement restructuring activities under this plan . total costs incurred to date and expected to be incurred for closing redundant facilities are $ 12.2 million as all facilities under this plan have been exited as of november 29 , 2013 . other restructuring plans other restructuring plans include other adobe plans and other plans associated with certain of our acquisitions that are substantially complete . we continue to make cash outlays to settle obligations under these plans , however the current impact to our consolidated financial statements is not significant . our other restructuring plans primarily consist of the 2009 restructuring plan , which was implemented in the fourth quarter of fiscal 2009 , in order to appropriately align our costs in connection with our fiscal 2010 operating plan. .
Question: what is the net change in the balance of unrecognized tax benefits from 2012 to 2013?
Answer: -24370.0
Question: what about the balance of unrecognized tax benefits in 2012?
| 160468.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
consolidated income statement review our consolidated income statement is presented in item 8 of this report . net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 . revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 . further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review . net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>year ended december 31dollars in millions</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>net interest income</td><td>$ 9640</td><td>$ 8700</td></tr><tr><td>3</td><td>net interest margin</td><td>3.94% ( 3.94 % )</td><td>3.92% ( 3.92 % )</td></tr></table> changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding . see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information . the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs . purchase accounting accretion remained stable at $ 1.1 billion in both periods . the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 . the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets . the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources . the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment . with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries . for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison . we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues . noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 . the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations . asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 . this increase was primarily due to higher earnings from our blackrock investment . discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance . for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 . the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth . as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 . this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition . corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 . the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities . see the product revenue portion of this consolidated income statement review for further detail . the pnc financial services group , inc . 2013 form 10-k 39 .
Question: what was the change in the non interest income from 2011 to 2012?
Answer: 0.3
Question: and how much does this change represent in relation to that income in 2011, in percentage?
| 0.05357 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2012 in the standard & poor 2019s 500 index , the dow jones transportation average and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td><td>12/31/2016</td><td>12/31/2017</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 146.54</td><td>$ 159.23</td><td>$ 148.89</td><td>$ 182.70</td><td>$ 195.75</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 132.38</td><td>$ 150.49</td><td>$ 152.55</td><td>$ 170.79</td><td>$ 208.06</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 141.38</td><td>$ 176.83</td><td>$ 147.19</td><td>$ 179.37</td><td>$ 213.49</td></tr></table> .
Question: what was the change in the value of the united parcel service inc . considering its value in 2017 and the original amount invested in it in 2012?
Answer: 95.75
Question: and how much does this change represent in relation to this original amount, in percentage?
| 0.9575 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 191</td><td>$ 164</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>31</td><td>31</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>53</td><td>10</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-18 ( 18 )</td><td>-6 ( 6 )</td></tr><tr><td>6</td><td>settlements</td><td>-32 ( 32 )</td><td>2014</td></tr><tr><td>7</td><td>business combinations</td><td>2014</td><td>5</td></tr><tr><td>8</td><td>lapse of statute of limitations</td><td>-5 ( 5 )</td><td>-11 ( 11 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>-2 ( 2 )</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 218</td><td>$ 191</td></tr></table> the company's liability for uncertain tax positions as of december 31 , 2015 , 2014 , and 2013 , includes $ 180 million , $ 154 million , and $ 141 million , respectively , related to amounts that would impact the effective tax rate if recognized . it is possible that the amount of unrecognized tax benefits may change in the next twelve months ; however , we do not expect the change to have a significant impact on our consolidated statements of income or consolidated balance sheets . these changes may be the result of settlements of ongoing audits . at this time , an estimate of the range of the reasonably possible outcomes within the twelve months cannot be made . the company recognizes interest and penalties related to uncertain tax positions in its provision for income taxes . the company accrued potential interest and penalties of $ 2 million , $ 4 million , and $ 2 million in 2015 , 2014 , and 2013 , respectively . the company recorded a liability for interest and penalties of $ 33 million , $ 31 million , and $ 27 million as of december 31 , 2015 , 2014 , and 2013 , respectively . the company and its subsidiaries file income tax returns in their respective jurisdictions . the company has substantially concluded all u.s . federal income tax matters for years through 2007 . material u.s . state and local income tax jurisdiction examinations have been concluded for years through 2005 . the company has concluded income tax examinations in its primary non-u.s . jurisdictions through 2005 . 9 . shareholders' equity distributable reserves as a u.k . incorporated company , the company is required under u.k . law to have available "distributable reserves" to make share repurchases or pay dividends to shareholders . distributable reserves may be created through the earnings of the u.k . parent company and , amongst other methods , through a reduction in share capital approved by the english companies court . distributable reserves are not linked to a u.s . gaap reported amount ( e.g. , retained earnings ) . as of december 31 , 2015 and 2014 , the company had distributable reserves in excess of $ 2.1 billion and $ 4.0 billion , respectively . ordinary shares in april 2012 , the company's board of directors authorized a share repurchase program under which up to $ 5.0 billion of class a ordinary shares may be repurchased ( "2012 share repurchase program" ) . in november 2014 , the company's board of directors authorized a new $ 5.0 billion share repurchase program in addition to the existing program ( "2014 share repurchase program" and , together , the "repurchase programs" ) . under each program , shares may be repurchased through the open market or in privately negotiated transactions , based on prevailing market conditions , funded from available capital . during 2015 , the company repurchased 16.0 million shares at an average price per share of $ 97.04 for a total cost of $ 1.6 billion under the repurchase programs . during 2014 , the company repurchased 25.8 million shares at an average price per share of $ 87.18 for a total cost of $ 2.3 billion under the 2012 share repurchase plan . in august 2015 , the $ 5 billion of class a ordinary shares authorized under the 2012 share repurchase program was exhausted . at december 31 , 2015 , the remaining authorized amount for share repurchase under the 2014 share repurchase program is $ 4.1 billion . under the repurchase programs , the company repurchased a total of 78.1 million shares for an aggregate cost of $ 5.9 billion. .
Question: what was the balance of uncertain tax positions in the end of 2015?
Answer: 218.0
Question: and what was it in the beginning of the year?
Answer: 191.0
Question: what was, then, the change throughout the year?
Answer: 27.0
Question: and in that same year, what was the number of shares repurchased?
Answer: 25.8
Question: what was in 2014?
Answer: 16.0
Question: how much, then, did the 2015 number represent in relation to this 2014 one?
| 1.6125 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
table of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>interest income</td><td>$ 311</td><td>$ 407</td><td>$ 653</td></tr><tr><td>3</td><td>other income ( expense ) net</td><td>-156 ( 156 )</td><td>-81 ( 81 )</td><td>-33 ( 33 )</td></tr><tr><td>4</td><td>total other income and expense</td><td>$ 155</td><td>$ 326</td><td>$ 620</td></tr></table> .
Question: what is the sum of the effective tax rate for years 2010 and 2009?
Answer: 56.0
Question: what was the effective tax rate in 2008?
| 32.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
38 2015 ppg annual report and form 10-k notes to the consolidated financial statements 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition the company recognizes revenue when the earnings process is complete . revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered . shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income . selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses , terminals and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 324 million , $ 297 million and $ 235 million in 2015 , 2014 and 2013 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. . <table class='wikitable'><tr><td>1</td><td>( $ in millions )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>research and development 2013 total</td><td>$ 505</td><td>$ 509</td><td>$ 479</td></tr><tr><td>3</td><td>less depreciation on research facilities</td><td>19</td><td>17</td><td>16</td></tr><tr><td>4</td><td>research and development net</td><td>$ 486</td><td>$ 492</td><td>$ 463</td></tr></table> legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . foreign currency translation the functional currency of most significant non-u.s . operations is their local currency . assets and liabilities of those operations are translated into u.s . dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period . unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity . cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less . short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year . the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows . marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
Question: what is the net change in research and development costs from 2014 to 2015?
Answer: -4.0
Question: what is that over the 2014 value?
| -0.00786 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
( 1 ) the cumulative total return assumes reinvestment of dividends . ( 2 ) the total return is weighted according to market capitalization of each company at the beginning of each year . ( f ) purchases of equity securities by the issuer and affiliated purchasers we have not repurchased any of our common stock since the company filed its initial registration statement on march 16 , ( g ) securities authorized for issuance under equity compensation plans a description of securities authorized for issuance under our equity compensation plans will be incorporated herein by reference to the proxy statement for the 2012 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 6 . selected financial data . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2011</td><td>year ended december 31 2010</td><td>year ended december 31 2009</td><td>year ended december 31 2008</td><td>year ended december 31 2007</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 6575</td><td>$ 6723</td><td>$ 6292</td><td>$ 6189</td><td>$ 5692</td></tr><tr><td>3</td><td>goodwill impairment</td><td>290</td><td>0</td><td>0</td><td>2490</td><td>0</td></tr><tr><td>4</td><td>operating income ( loss )</td><td>110</td><td>248</td><td>211</td><td>-2354 ( 2354 )</td><td>447</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>-94 ( 94 )</td><td>135</td><td>124</td><td>-2420 ( 2420 )</td><td>276</td></tr><tr><td>6</td><td>total assets</td><td>6001</td><td>5203</td><td>5036</td><td>4760</td><td>7658</td></tr><tr><td>7</td><td>long-term debt ( 1 )</td><td>1830</td><td>105</td><td>283</td><td>283</td><td>283</td></tr><tr><td>8</td><td>total long-term obligations</td><td>3757</td><td>1559</td><td>1645</td><td>1761</td><td>1790</td></tr><tr><td>9</td><td>free cash flow ( 2 )</td><td>331</td><td>168</td><td>-269 ( 269 )</td><td>121</td><td>364</td></tr><tr><td>10</td><td>basic earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr><tr><td>11</td><td>diluted earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr></table> ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure. .
Question: what was the operating income in 2011?
Answer: 110.0
Question: and the goodwill impairment for that year?
Answer: 290.0
Question: combined, what is the total amount of these two values?
| 400.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
the following table summarized the status of the company 2019s non-vested performance share unit awards and changes for the period indicated : weighted- average grant date performance share unit awards shares fair value . <table class='wikitable'><tr><td>1</td><td>performance share unit awards</td><td>year ended december 31 2015 shares</td><td>year ended december 31 2015 weighted- average grant date fair value</td></tr><tr><td>2</td><td>outstanding at january 1,</td><td>-</td><td>$ -</td></tr><tr><td>3</td><td>granted</td><td>10705</td><td>178.84</td></tr><tr><td>4</td><td>vested</td><td>-</td><td>-</td></tr><tr><td>5</td><td>forfeited</td><td>-</td><td>-</td></tr><tr><td>6</td><td>outstanding at december 31,</td><td>10705</td><td>178.84</td></tr></table> 19 . segment reporting the u.s . reinsurance operation writes property and casualty reinsurance and specialty lines of business , including marine , aviation , surety and accident and health ( 201ca&h 201d ) business , on both a treaty and facultative basis , through reinsurance brokers , as well as directly with ceding companies primarily within the u.s . the international operation writes non-u.s . property and casualty reinsurance through everest re 2019s branches in canada and singapore and through offices in brazil , miami and new jersey . the bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its bermuda office and reinsurance to the united kingdom and european markets through its uk branch and ireland re . the insurance operation writes property and casualty insurance directly and through general agents , brokers and surplus lines brokers within the u.s . and canada . the mt . logan re segment represents business written for the segregated accounts of mt . logan re , which were formed on july 1 , 2013 . the mt . logan re business represents a diversified set of catastrophe exposures , diversified by risk/peril and across different geographical regions globally . these segments , with the exception of mt . logan re , are managed independently , but conform with corporate guidelines with respect to pricing , risk management , control of aggregate catastrophe exposures , capital , investments and support operations . management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results . the mt . logan re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria . underwriting results include earned premium less losses and loss adjustment expenses ( 201clae 201d ) incurred , commission and brokerage expenses and other underwriting expenses . we measure our underwriting results using ratios , in particular loss , commission and brokerage and other underwriting expense ratios , which , respectively , divide incurred losses , commissions and brokerage and other underwriting expenses by premiums earned . mt . logan re 2019s business is sourced through operating subsidiaries of the company ; however , the activity is only reflected in the mt . logan re segment . for other inter-affiliate reinsurance , business is generally reported within the segment in which the business was first produced , consistent with how the business is managed . except for mt . logan re , the company does not maintain separate balance sheet data for its operating segments . accordingly , the company does not review and evaluate the financial results of its operating segments based upon balance sheet data. .
Question: in the year of 2015, what was the number of granted shares of everest re?
Answer: 10705.0
Question: and what was the weighted- average grant date fair value of these shares?
Answer: 178.84
Question: what was, then, their full value?
Answer: 1914482.2
Question: and what is that in millions?
| 1.91448 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
issuer purchases of equity securities in january 2017 , our board of directors authorized the repurchase of shares of our common stock with a value of up to $ 525 million in the aggregate . as of december 29 , 2018 , $ 175 million remained available under this authorization . in february 2019 , our board of directors authorized the additional repurchase of shares of our common stock with a value of up to $ 500.0 million in the aggregate . the actual timing and amount of repurchases are subject to business and market conditions , corporate and regulatory requirements , stock price , acquisition opportunities and other factors . the following table presents repurchases made under our current authorization and shares surrendered by employees to satisfy income tax withholding obligations during the three months ended december 29 , 2018 : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plan or program maximum dollar value of shares authorized for repurchase under publicly announced plan or program ( 1 ) ( in millions ) september 30 , 2018 2013 november 3 , 2018 543900 $ 42.64 495543 $ 254 november 4 , 2018 2013 december 1 , 2018 650048 $ 44.49 623692 $ 226 december 2 , 2018 2013 december 29 , 2018 1327657 $ 42.61 1203690 $ 175 . <table class='wikitable'><tr><td>1</td><td>period</td><td>total numberof sharespurchased ( 1 )</td><td>averageprice paidper share ( 2 )</td><td>total number ofshares purchasedas part ofpublicly announcedplan or program</td><td>maximum dollarvalue of sharesauthorized for repurchase underpublicly announcedplan or program ( 1 ) ( in millions )</td></tr><tr><td>2</td><td>september 30 2018 2013 november 3 2018</td><td>543900</td><td>$ 42.64</td><td>495543</td><td>$ 254</td></tr><tr><td>3</td><td>november 4 2018 2013 december 1 2018</td><td>650048</td><td>$ 44.49</td><td>623692</td><td>$ 226</td></tr><tr><td>4</td><td>december 2 2018 2013 december 29 2018</td><td>1327657</td><td>$ 42.61</td><td>1203690</td><td>$ 175</td></tr><tr><td>5</td><td>total</td><td>2521605</td><td>$ 43.10</td><td>2322925</td><td>-</td></tr></table> ( 1 ) shares purchased that were not part of our publicly announced repurchase programs represent employee surrender of shares of restricted stock to satisfy employee income tax withholding obligations due upon vesting , and do not reduce the dollar value that may yet be purchased under our publicly announced repurchase programs . ( 2 ) the weighted average price paid per share of common stock does not include the cost of commissions. .
Question: for the three month period ended december 29, 2018, what was the average number of shares purchased per month?
Answer: 840535.0
Question: and only in december, what was the number of shares purchased?
Answer: 1327657.0
Question: what was the average price paid for each of those shares?
| 42.61 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
note 8 . acquisitions during fiscal 2017 , cadence completed two business combinations for total cash consideration of $ 142.8 million , after taking into account cash acquired of $ 4.2 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 76.4 million of acquired intangible assets ( of which $ 71.5 million represents in-process technology ) , $ 90.2 million of goodwill and $ 19.6 million of net liabilities consisting primarily of deferred tax liabilities . cadence will also make payments to certain employees , subject to continued employment and other performance-based conditions , through the fourth quarter of fiscal 2020 . during fiscal 2016 , cadence completed two business combinations for total cash consideration of $ 42.4 million , after taking into account cash acquired of $ 1.8 million . the total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates . cadence recorded a total of $ 23.6 million of goodwill , $ 23.2 million of acquired intangible assets and $ 2.6 million of net liabilities consisting primarily of deferred revenue . cadence will also make payments to certain employees , subject to continued employment and other conditions , through the second quarter of fiscal a trust for the benefit of the children of lip-bu tan , cadence 2019s chief executive officer ( 201cceo 201d ) and director , owned less than 3% ( 3 % ) of nusemi inc , one of the companies acquired in 2017 , and less than 2% ( 2 % ) of rocketick technologies ltd. , one of the companies acquired in 2016 . mr . tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust . the board of directors of cadence reviewed the transactions and concluded that it was in the best interests of cadence to proceed with the transactions . mr . tan recused himself from the board of directors 2019 discussion of the valuation of nusemi inc and rocketick technologies ltd . and on whether to proceed with the transactions . acquisition-related transaction costs there were no direct transaction costs associated with acquisitions during fiscal 2018 . transaction costs associated with acquisitions were $ 0.6 million and $ 1.1 million during fiscal 2017 and 2016 , respectively . these costs consist of professional fees and administrative costs and were expensed as incurred in cadence 2019s consolidated income statements . note 9 . goodwill and acquired intangibles goodwill the changes in the carrying amount of goodwill during fiscal 2018 and 2017 were as follows : gross carrying amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>gross carryingamount ( in thousands )</td></tr><tr><td>2</td><td>balance as of december 31 2016</td><td>$ 572764</td></tr><tr><td>3</td><td>goodwill resulting from acquisitions</td><td>90218</td></tr><tr><td>4</td><td>effect of foreign currency translation</td><td>3027</td></tr><tr><td>5</td><td>balance as of december 30 2017</td><td>666009</td></tr><tr><td>6</td><td>effect of foreign currency translation</td><td>-3737 ( 3737 )</td></tr><tr><td>7</td><td>balance as of december 29 2018</td><td>$ 662272</td></tr></table> cadence completed its annual goodwill impairment test during the third quarter of fiscal 2018 and determined that the fair value of cadence 2019s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed. .
Question: what was the difference in goodwill between 12/30/17 and 12/29/18?
| -3737.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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synopsys , inc . notes to consolidated financial statements 2014 ( continued ) and other electronic applications markets . the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping . purchase price . synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million . additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>cash paid net of cash acquired</td><td>$ 180618</td></tr><tr><td>3</td><td>fair value of assumed vested or earned stock awards</td><td>4169</td></tr><tr><td>4</td><td>acquisition related costs</td><td>8016</td></tr><tr><td>5</td><td>total purchase price consideration</td><td>$ 192803</td></tr></table> acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 . fair value of stock awards assumed . an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share . the fair value of stock options assumed was determined using a black-scholes valuation model . the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price . the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis . purchase price allocation . the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years . in-process research and development expense related to these acquisitions was $ 4.8 million . goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized . goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach . fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash . the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million . acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years . in-process research and development expense related to these acquisitions was $ 3.2 million. .
Question: what amount was allocated to identifiable intangible assets, in thousands?
Answer: 80000.0
Question: what is the total purchase price?
Answer: 192803.0
Question: what portion does this represent?
| 0.41493 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape . however , we continue to believe in the long term growth potential of this market . we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 . there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 . the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . <table class='wikitable'><tr><td>1</td><td>year</td><td>global cruise guests ( 1 )</td><td>weighted-average supply of berths marketed globally ( 1 )</td><td>north american cruise guests ( 2 )</td><td>weighted-average supply of berths marketed in north america ( 1 )</td><td>european cruise guests</td><td>weighted-average supply of berths marketed in europe ( 1 )</td></tr><tr><td>2</td><td>2008</td><td>17184000</td><td>347000</td><td>10093000</td><td>219000</td><td>4500000</td><td>120000</td></tr><tr><td>3</td><td>2009</td><td>17340000</td><td>363000</td><td>10198000</td><td>222000</td><td>5000000</td><td>131000</td></tr><tr><td>4</td><td>2010</td><td>18800000</td><td>391000</td><td>10781000</td><td>232000</td><td>5540000</td><td>143000</td></tr><tr><td>5</td><td>2011</td><td>20227000</td><td>412000</td><td>11625000</td><td>245000</td><td>5894000</td><td>149000</td></tr><tr><td>6</td><td>2012</td><td>20823000</td><td>425000</td><td>12044000</td><td>254000</td><td>6040000</td><td>152000</td></tr></table> ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) . in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base . ( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . ( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 . year 2012 amounts represent our estimates ( see number 1 above ) . other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe . competition we compete with a number of cruise lines . our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time . demand for such activities is influenced by political and general economic conditions . com- panies within the vacation market are dependent on consumer discretionary spending . operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what was the total of global cruise guests in 2012?
Answer: 20823000.0
Question: and what was that of 2008?
Answer: 17184000.0
Question: what was, then, the change in global cruise guests over the years?
| 3639000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
purchases of equity securities 2013 during 2018 , we repurchased 57669746 shares of our common stock at an average price of $ 143.70 . the following table presents common stock repurchases during each month for the fourth quarter of 2018 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] . <table class='wikitable'><tr><td>1</td><td>period</td><td>total number of shares purchased [a]</td><td>average price paid per share</td><td>total number of shares purchased as part of a publicly announcedplan or program [b]</td><td>maximum number of shares remaining under the plan or program [b]</td></tr><tr><td>2</td><td>oct . 1 through oct . 31</td><td>6091605</td><td>$ 158.20</td><td>6087727</td><td>32831024</td></tr><tr><td>3</td><td>nov . 1 through nov . 30</td><td>3408467</td><td>147.91</td><td>3402190</td><td>29428834</td></tr><tr><td>4</td><td>dec . 1 through dec . 31</td><td>3007951</td><td>148.40</td><td>3000715</td><td>26428119</td></tr><tr><td>5</td><td>total</td><td>12508023</td><td>$ 153.04</td><td>12490632</td><td>n/a</td></tr></table> [a] total number of shares purchased during the quarter includes approximately 17391 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .
Question: what was the total number of shares repurchased in 2018, in millions?
| 57.66975 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
entergy new orleans , inc . management's financial discussion and analysis results of operations net income ( loss ) 2004 compared to 2003 net income increased $ 20.2 million primarily due to higher net revenue . 2003 compared to 2002 entergy new orleans had net income of $ 7.9 million in 2003 compared to a net loss in 2002 . the increase was due to higher net revenue and lower interest expense , partially offset by higher other operation and maintenance expenses and depreciation and amortization expenses . net revenue 2004 compared to 2003 net revenue , which is entergy new orleans' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>2003 net revenue</td><td>$ 208.3</td></tr><tr><td>3</td><td>base rates</td><td>10.6</td></tr><tr><td>4</td><td>volume/weather</td><td>8.3</td></tr><tr><td>5</td><td>2004 deferrals</td><td>7.5</td></tr><tr><td>6</td><td>price applied to unbilled electric sales</td><td>3.7</td></tr><tr><td>7</td><td>other</td><td>0.6</td></tr><tr><td>8</td><td>2004 net revenue</td><td>$ 239.0</td></tr></table> the increase in base rates was effective june 2003 . the rate increase is discussed in note 2 to the domestic utility companies and system energy financial statements . the volume/weather variance is primarily due to increased billed electric usage of 162 gwh in the industrial service sector . the increase was partially offset by milder weather in the residential and commercial sectors . the 2004 deferrals variance is due to the deferral of voluntary severance plan and fossil plant maintenance expenses in accordance with a stipulation approved by the city council in august 2004 . the stipulation allows for the recovery of these costs through amortization of a regulatory asset . the voluntary severance plan and fossil plant maintenance expenses are being amortized over a five-year period that became effective january 2004 and january 2003 , respectively . the formula rate plan is discussed in note 2 to the domestic utility companies and system energy financial statements . the price applied to unbilled electric sales variance is due to an increase in the fuel price applied to unbilled sales. .
Question: what was the 2004 net revenue?
| 239.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
during 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio . credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates . north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s . states and/or regions with the highest concentration of citi 2019s residential first mortgages. . <table class='wikitable'><tr><td>1</td><td>in billions of dollars state ( 1 )</td><td>in billions of dollars enr ( 2 )</td><td>in billions of dollars enrdistribution</td><td>in billions of dollars 90+dpd% ( 90+dpd % )</td><td>in billions of dollars %ltv >100% ( >100 % ) ( 3 )</td><td>in billions of dollars refreshedfico</td><td>in billions of dollars enr ( 2 )</td><td>in billions of dollars enrdistribution</td><td>in billions of dollars 90+dpd% ( 90+dpd % )</td><td>%ltv >100% ( >100 % ) ( 3 )</td><td>refreshedfico</td></tr><tr><td>2</td><td>ca</td><td>$ 19.2</td><td>37% ( 37 % )</td><td>0.2% ( 0.2 % )</td><td>1% ( 1 % )</td><td>754</td><td>$ 18.9</td><td>31% ( 31 % )</td><td>0.6% ( 0.6 % )</td><td>2% ( 2 % )</td><td>745</td></tr><tr><td>3</td><td>ny/nj/ct ( 4 )</td><td>12.7</td><td>25</td><td>0.8</td><td>1</td><td>751</td><td>12.2</td><td>20</td><td>1.9</td><td>2</td><td>740</td></tr><tr><td>4</td><td>va/md</td><td>2.2</td><td>4</td><td>1.2</td><td>2</td><td>719</td><td>3.0</td><td>5</td><td>3.0</td><td>8</td><td>695</td></tr><tr><td>5</td><td>il ( 4 )</td><td>2.2</td><td>4</td><td>1.0</td><td>3</td><td>735</td><td>2.5</td><td>4</td><td>2.5</td><td>9</td><td>713</td></tr><tr><td>6</td><td>fl ( 4 )</td><td>2.2</td><td>4</td><td>1.1</td><td>4</td><td>723</td><td>2.8</td><td>5</td><td>3.0</td><td>14</td><td>700</td></tr><tr><td>7</td><td>tx</td><td>1.9</td><td>4</td><td>1.0</td><td>2014</td><td>711</td><td>2.5</td><td>4</td><td>2.7</td><td>2014</td><td>680</td></tr><tr><td>8</td><td>other</td><td>11.0</td><td>21</td><td>1.3</td><td>2</td><td>710</td><td>18.2</td><td>30</td><td>3.3</td><td>7</td><td>677</td></tr><tr><td>9</td><td>total ( 5 )</td><td>$ 51.5</td><td>100% ( 100 % )</td><td>0.7% ( 0.7 % )</td><td>1% ( 1 % )</td><td>738</td><td>$ 60.1</td><td>100% ( 100 % )</td><td>2.1% ( 2.1 % )</td><td>4% ( 4 % )</td><td>715</td></tr></table> total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding . ( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region . ( 2 ) ending net receivables . excludes loans in canada and puerto rico , loans guaranteed by u.s . government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) . excludes balances for which fico or ltv data are unavailable . ( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data . ( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states . ( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 . foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages . at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s . government agencies and loans subject to ltscs . north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit . fixed-rate home equity loans are fully amortizing . home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) . after conversion , the home equity loans typically have a 20-year amortization period . as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . .
Question: as of december 31, 2015, what was the amount of the loans extended under home equity lines of credit?
Answer: 16.5
Question: and what was the total citi 2019s home equity loan portfolio?
Answer: 22.8
Question: what percentage, then, of this total does that amount represent?
Answer: 0.72368
Question: and what percentage did the fixed-rate home equity loans represent?
| 0.27632 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
corporate income taxes other than withholding taxes on certain investment income and premium excise taxes . if group or its bermuda subsidiaries were to become subject to u.s . income tax , there could be a material adverse effect on the company 2019s financial condition , results of operations and cash flows . united kingdom . bermuda re 2019s uk branch conducts business in the uk and is subject to taxation in the uk . bermuda re believes that it has operated and will continue to operate its bermuda operation in a manner which will not cause them to be subject to uk taxation . if bermuda re 2019s bermuda operations were to become subject to uk income tax , there could be a material adverse impact on the company 2019s financial condition , results of operations and cash flow . ireland . holdings ireland and ireland re conduct business in ireland and are subject to taxation in ireland . available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: . <table class='wikitable'><tr><td>1</td><td>calendar year:</td><td>pre-tax catastrophe losses</td></tr><tr><td>2</td><td>( dollars in millions )</td><td>-</td></tr><tr><td>3</td><td>2013</td><td>$ 195.0</td></tr><tr><td>4</td><td>2012</td><td>410.0</td></tr><tr><td>5</td><td>2011</td><td>1300.4</td></tr><tr><td>6</td><td>2010</td><td>571.1</td></tr><tr><td>7</td><td>2009</td><td>67.4</td></tr></table> .
Question: what are the total pre-tax catastrophe losses in 2013 and 2012?
Answer: 605.0
Question: and including 2011?
| 1905.4 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
note 8 2013 debt our long-term debt consisted of the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>notes with rates from 2.13% ( 2.13 % ) to 6.15% ( 6.15 % ) due 2016 to 2042</td><td>$ 5642</td><td>$ 5308</td></tr><tr><td>3</td><td>notes with rates from 7.00% ( 7.00 % ) to 7.75% ( 7.75 % ) due 2013 to 2036</td><td>1080</td><td>1239</td></tr><tr><td>4</td><td>other debt</td><td>478</td><td>19</td></tr><tr><td>5</td><td>total long-term debt</td><td>7200</td><td>6966</td></tr><tr><td>6</td><td>less : unamortized discounts</td><td>-892 ( 892 )</td><td>-506 ( 506 )</td></tr><tr><td>7</td><td>total long-term debt net of unamortized discounts</td><td>6308</td><td>6460</td></tr><tr><td>8</td><td>less : current maturities of long-term debt</td><td>-150 ( 150 )</td><td>2014</td></tr><tr><td>9</td><td>total long-term debt net</td><td>$ 6158</td><td>$ 6460</td></tr></table> in december 2012 , we issued notes totaling $ 1.3 billion with a fixed interest rate of 4.07% ( 4.07 % ) maturing in december 2042 ( the new notes ) in exchange for outstanding notes totaling $ 1.2 billion with interest rates ranging from 5.50% ( 5.50 % ) to 8.50% ( 8.50 % ) maturing in 2023 to 2040 ( the old notes ) . in connection with the exchange , we paid a premium of $ 393 million , of which $ 225 million was paid in cash and $ 168 million was in the form of new notes . this premium , in addition to $ 194 million in remaining unamortized discounts related to the old notes , will be amortized as additional interest expense over the term of the new notes using the effective interest method . we may , at our option , redeem some or all of the new notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest . interest on the new notes is payable on june 15 and december 15 of each year , beginning on june 15 , 2013 . the new notes are unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness . on september 9 , 2011 , we issued $ 2.0 billion of long-term notes in a registered public offering consisting of $ 500 million maturing in 2016 with a fixed interest rate of 2.13% ( 2.13 % ) , $ 900 million maturing in 2021 with a fixed interest rate of 3.35% ( 3.35 % ) , and $ 600 million maturing in 2041 with a fixed interest rate of 4.85% ( 4.85 % ) . we may , at our option , redeem some or all of the notes at any time by paying the principal amount of notes being redeemed plus a make-whole premium and accrued and unpaid interest . interest on the notes is payable on march 15 and september 15 of each year , beginning on march 15 , 2012 . in october 2011 , we used a portion of the proceeds to redeem all of our $ 500 million long-term notes maturing in 2013 . in 2011 , we repurchased $ 84 million of our long-term notes through open-market purchases . we paid premiums of $ 48 million in connection with the early extinguishments of debt , which were recognized in other non-operating income ( expense ) , net . in august 2011 , we entered into a $ 1.5 billion revolving credit facility with a group of banks and terminated our existing $ 1.5 billion revolving credit facility that was to expire in june 2012 . the credit facility expires august 2016 , and we may request and the banks may grant , at their discretion , an increase to the credit facility by an additional amount up to $ 500 million . there were no borrowings outstanding under either facility through december 31 , 2012 . borrowings under the credit facility would be unsecured and bear interest at rates based , at our option , on a eurodollar rate or a base rate , as defined in the credit facility . each bank 2019s obligation to make loans under the credit 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 credit facility . the leverage ratio covenant excludes the adjustments recognized in stockholders 2019 equity related to postretirement benefit plans . as of december 31 , 2012 , we were in compliance with all covenants contained in the credit facility , as well as in our debt agreements . we have agreements in place with banking institutions to provide for the issuance of commercial paper . there were no commercial paper borrowings outstanding during 2012 or 2011 . if we were to issue commercial paper , the borrowings would be supported by the credit facility . during the next five years , we have scheduled long-term debt maturities of $ 150 million due in 2013 and $ 952 million due in 2016 . interest payments were $ 378 million in 2012 , $ 326 million in 2011 , and $ 337 million in 2010. .
Question: what is the net change in value of total long-term debt from 2011 to 2012?
Answer: 234.0
Question: what is that divided by the 2011 value?
| 0.03359 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
customary conditions . we will retain a 20% ( 20 % ) equity interest in the joint venture . as of december 31 , 2008 , the joint venture has acquired seven properties from us and we received year-to-date net sale proceeds and financing distributions of approximately $ 251.6 million . in january 2008 , we sold a tract of land to an unconsolidated joint venture in which we hold a 50% ( 50 % ) equity interest and received a distribution , commensurate to our partner 2019s 50% ( 50 % ) ownership interest , of approximately $ 38.3 million . in november 2008 , that unconsolidated joint venture entered a loan agreement with a consortium of banks and distributed a portion of the loan proceeds to us and our partner , with our share of the distribution totaling $ 20.4 million . uses of liquidity our principal uses of liquidity include the following : 2022 property investment ; 2022 recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; 2022 opportunistic repurchases of outstanding debt ; and 2022 other contractual obligations . property investment we evaluate development and acquisition opportunities based upon market outlook , supply and long-term growth potential . our ability to make future property investments is dependent upon our continued access to our longer-term sources of liquidity including the issuances of debt or equity securities as well as disposing of selected properties . in light of current economic conditions , management continues to evaluate our investment priorities and we are limiting new development expenditures . recurring expenditures one of our principal uses of our liquidity is to fund the recurring leasing/capital expenditures of our real estate investments . the following is a summary of our recurring capital expenditures for the years ended december 31 , 2008 , 2007 and 2006 , respectively ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>recurring tenant improvements</td><td>$ 36885</td><td>$ 45296</td><td>$ 41895</td></tr><tr><td>3</td><td>recurring leasing costs</td><td>28205</td><td>32238</td><td>32983</td></tr><tr><td>4</td><td>building improvements</td><td>9724</td><td>8402</td><td>8122</td></tr><tr><td>5</td><td>totals</td><td>$ 74814</td><td>$ 85936</td><td>$ 83000</td></tr></table> dividends and distributions in order to qualify as a reit for federal income tax purposes , we must currently distribute at least 90% ( 90 % ) of our taxable income to shareholders . because depreciation is a non-cash expense , cash flow will typically be greater than operating income . we paid dividends per share of $ 1.93 , $ 1.91 and $ 1.89 for the years ended december 31 , 2008 , 2007 and 2006 , respectively . we expect to continue to distribute taxable earnings to meet the requirements to maintain our reit status . however , distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution , our financial condition , capital requirements and such other factors as our board of directors deems relevant . in january 2009 , our board of directors resolved to decrease our annual dividend from $ 1.94 per share to $ 1.00 per share in order to retain additional cash to help meet our capital needs . we anticipate retaining additional cash of approximately $ 145.2 million per year , when compared to an annual dividend of $ 1.94 per share , as the result of this action . at december 31 , 2008 we had six series of preferred shares outstanding . the annual dividend rates on our preferred shares range between 6.5% ( 6.5 % ) and 8.375% ( 8.375 % ) and are paid in arrears quarterly. .
Question: as of 2008, what percentage of the total recurring capital expenditures were associated with leasing costs?
Answer: 0.377
Question: and in that same year, what was the dividend per share paid?
Answer: 1.93
Question: what was it in 2007?
| 1.91 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
entergy louisiana , llc and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 175.4 million primarily due to the effect of a settlement with the irs related to the 2010-2011 irs audit , which resulted in a $ 136.1 million reduction of income tax expense . also contributing to the increase were lower other operation and maintenance expenses , higher net revenue , and higher other income . the increase was partially offset by higher depreciation and amortization expenses , higher interest expense , and higher nuclear refueling outage expenses . 2015 compared to 2014 net income increased slightly , by $ 0.6 million , primarily due to higher net revenue and a lower effective income tax rate , offset by higher other operation and maintenance expenses , higher depreciation and amortization expenses , lower other income , and higher interest expense . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 2408.8</td></tr><tr><td>3</td><td>retail electric price</td><td>69.0</td></tr><tr><td>4</td><td>transmission equalization</td><td>-6.5 ( 6.5 )</td></tr><tr><td>5</td><td>volume/weather</td><td>-6.7 ( 6.7 )</td></tr><tr><td>6</td><td>louisiana act 55 financing savings obligation</td><td>-17.2 ( 17.2 )</td></tr><tr><td>7</td><td>other</td><td>-9.0 ( 9.0 )</td></tr><tr><td>8</td><td>2016 net revenue</td><td>$ 2438.4</td></tr></table> the retail electric price variance is primarily due to an increase in formula rate plan revenues , implemented with the first billing cycle of march 2016 , to collect the estimated first-year revenue requirement related to the purchase of power blocks 3 and 4 of the union power station . see note 2 to the financial statements for further discussion . the transmission equalization variance is primarily due to changes in transmission investments , including entergy louisiana 2019s exit from the system agreement in august 2016 . the volume/weather variance is primarily due to the effect of less favorable weather on residential sales , partially offset by an increase in industrial usage and an increase in volume during the unbilled period . the increase .
Question: what is the change in net revenue from 2015 to 2016 for entergy louisiana?
Answer: 29.6
Question: what is the net revenue in 2015?
Answer: 2408.8
Question: what growth rate does this rerpesent?
| 0.01229 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2009 and 2008 included $ 2754 million , net of $ 927 million of accumulated depreciation , and $ 2024 million , net of $ 869 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2009 were as follows : millions of dollars operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>operatingleases</td><td>capital leases</td></tr><tr><td>2</td><td>2010</td><td>$ 576</td><td>$ 290</td></tr><tr><td>3</td><td>2011</td><td>570</td><td>292</td></tr><tr><td>4</td><td>2012</td><td>488</td><td>247</td></tr><tr><td>5</td><td>2013</td><td>425</td><td>256</td></tr><tr><td>6</td><td>2014</td><td>352</td><td>267</td></tr><tr><td>7</td><td>later years</td><td>2901</td><td>1623</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 5312</td><td>$ 2975</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-914 ( 914 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 2061</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 686 million in 2009 , $ 747 million in 2008 , and $ 810 million in 2007 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 15 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at .
Question: in 2009, what was the amount of the current liabilities related to operating leases?
Answer: 576.0
Question: and what was the full total of those leases?
Answer: 5312.0
Question: what percentage, then, of this total did that amount represent?
Answer: 0.10843
Question: in that same year, what was the amount of the current liabilities related to capital leases?
Answer: 290.0
Question: and what percentage did that amount represent in relation to these leases?
| 0.17868 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) from december 1 through may 31 of each year . during the 2008 , 2007 and 2006 offering periods employees purchased 55764 , 48886 and 53210 shares , respectively , at weighted average prices per share of $ 30.08 , $ 33.93 and $ 24.98 , respectively . the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock . the weighted average fair value for the espp shares purchased during 2008 , 2007 and 2006 were $ 7.89 , $ 9.09 and $ 6.79 , respectively . at december 31 , 2008 , 8.8 million shares remain reserved for future issuance under the plan . key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>range of risk free interest rates</td><td>1.99% ( 1.99 % ) 20143.28% ( 20143.28 % )</td><td>4.98% ( 4.98 % ) 20145.05% ( 20145.05 % )</td><td>5.01% ( 5.01 % ) 20145.17% ( 20145.17 % )</td></tr><tr><td>3</td><td>weighted average risk-free interest rate</td><td>2.58% ( 2.58 % )</td><td>5.02% ( 5.02 % )</td><td>5.08% ( 5.08 % )</td></tr><tr><td>4</td><td>expected life of the shares</td><td>6 months</td><td>6 months</td><td>6 months</td></tr><tr><td>5</td><td>range of expected volatility of underlying stock price</td><td>27.85% ( 27.85 % ) 201428.51% ( 201428.51 % )</td><td>27.53% ( 27.53 % ) 201428.74% ( 201428.74 % )</td><td>29.60% ( 29.60 % )</td></tr><tr><td>6</td><td>weighted average expected volatility of underlying stock price</td><td>28.51% ( 28.51 % )</td><td>28.22% ( 28.22 % )</td><td>29.60% ( 29.60 % )</td></tr><tr><td>7</td><td>expected annual dividends</td><td>n/a</td><td>n/a</td><td>n/a</td></tr></table> 13 . stockholders 2019 equity warrants 2014in january 2003 , the company issued warrants to purchase approximately 11.4 million shares of its common stock in connection with an offering of 808000 units , each consisting of $ 1000 principal amount at maturity of ati 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the company 2019s common stock . these warrants became exercisable on january 29 , 2006 at an exercise price of $ 0.01 per share . as these warrants expired on august 1 , 2008 , none were outstanding as of december 31 , in august 2005 , the company completed its merger with spectrasite , inc . and assumed outstanding warrants to purchase shares of spectrasite , inc . common stock . as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc . common stock at an exercise price of $ 32 per warrant . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc . common stock that would have been receivable under each assumed warrant prior to the merger . upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock . of these warrants , warrants to purchase approximately 1.8 million and 2.0 million shares of common stock remained outstanding as of december 31 , 2008 and 2007 , respectively . these warrants will expire on february 10 , 2010 . stock repurchase programs 2014during the year ended december 31 , 2008 , the company repurchased an aggregate of approximately 18.3 million shares of its common stock for an aggregate of $ 697.1 million , including commissions and fees , pursuant to its publicly announced stock repurchase programs , as described below. .
Question: what was the change in value of the weighted average risk-free interest rate between 2007 and 2008?
Answer: -2.44
Question: what is the percent change?
| -0.48606 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
in january 2016 , the company issued $ 800 million of debt securities consisting of a $ 400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% ( 2.00 % ) and a $ 400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25% ( 3.25 % ) . the proceeds were used to repay a portion of the company 2019s outstanding commercial paper , repay the remaining term loan balance , and for general corporate purposes . the company 2019s public notes and 144a notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating , within a specified time period , the company would be required to offer to repurchase the public notes and 144a notes at a price equal to 101% ( 101 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . the public notes and 144a notes are senior unsecured and unsubordinated obligations of the company and rank equally with all other senior and unsubordinated indebtedness of the company . the company entered into a registration rights agreement in connection with the issuance of the 144a notes . subject to certain limitations set forth in the registration rights agreement , the company has agreed to ( i ) file a registration statement ( the 201cexchange offer registration statement 201d ) with respect to registered offers to exchange the 144a notes for exchange notes ( the 201cexchange notes 201d ) , which will have terms identical in all material respects to the new 10-year notes and new 30-year notes , as applicable , except that the exchange notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and ( ii ) use commercially reasonable efforts to cause the exchange offer registration statement to be declared effective within 270 days after the date of issuance of the 144a notes . until such time as the exchange offer registration statement is declared effective , the 144a notes may only be sold in accordance with rule 144a or regulation s of the securities act of 1933 , as amended . private notes the company 2019s private notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium . upon the occurrence of specified changes of control involving the company , the company would be required to offer to repurchase the private notes at a price equal to 100% ( 100 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase . additionally , the company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the company , when accompanied by a downgrade of the private notes below investment grade rating , within a specified time period . the private notes are unsecured senior obligations of the company and rank equal in right of payment with all other senior indebtedness of the company . the private notes shall be unconditionally guaranteed by subsidiaries of the company in certain circumstances , as described in the note purchase agreements as amended . other debt during 2015 , the company acquired the beneficial interest in the trust owning the leased naperville facility resulting in debt assumption of $ 100.2 million and the addition of $ 135.2 million in property , plant and equipment . certain administrative , divisional , and research and development personnel are based at the naperville facility . cash paid as a result of the transaction was $ 19.8 million . the assumption of debt and the majority of the property , plant and equipment addition represented non-cash financing and investing activities , respectively . the remaining balance on the assumed debt was settled in december 2017 and was reflected in the "other" line of the table above at december 31 , 2016 . covenants and future maturities the company is in compliance with all covenants under the company 2019s outstanding indebtedness at december 31 , 2017 . as of december 31 , 2017 , the aggregate annual maturities of long-term debt for the next five years were : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2018</td><td>$ 550</td></tr><tr><td>2</td><td>2019</td><td>397</td></tr><tr><td>3</td><td>2020</td><td>300</td></tr><tr><td>4</td><td>2021</td><td>1017</td></tr><tr><td>5</td><td>2022</td><td>497</td></tr></table> .
Question: as of january 2016, what was the amount equivalent to an annual interest rate of to the 3.25% ( 3.25 % ) note issued, in millions?
Answer: 13.0
Question: and what was that amount for the 2.00% ( 2.00 % ) note issued?
| 8.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
securities have historically returned approximately 10% ( 10 % ) annually over long periods of time , while u.s . debt securities have returned approximately 6% ( 6 % ) annually over long periods . application of these historical returns to the plan 2019s allocation ranges for equities and bonds produces a result between 7.25% ( 7.25 % ) and 8.75% ( 8.75 % ) and is one point of reference , among many other factors , that is taken into consideration . we also examine the plan 2019s actual historical returns over various periods and consider the current economic environment . recent experience is considered in our evaluation with appropriate consideration that , especially for short time periods , recent returns are not reliable indicators of future returns . while annual returns can vary significantly ( actual returns for 2012 , 2011 , and 2010 were +15.29% ( +15.29 % ) , +.11% ( +.11 % ) , and +14.87% ( +14.87 % ) , respectively ) , the selected assumption represents our estimated long-term average prospective returns . acknowledging the potentially wide range for this assumption , we also annually examine the assumption used by other companies with similar pension investment strategies , so that we can ascertain whether our determinations markedly differ from others . in all cases , however , this data simply informs our process , which places the greatest emphasis on our qualitative judgment of future investment returns , given the conditions existing at each annual measurement date . taking into consideration all of these factors , the expected long-term return on plan assets for determining net periodic pension cost for 2012 was 7.75% ( 7.75 % ) , the same as it was for 2011 . after considering the views of both internal and external capital market advisors , particularly with regard to the effects of the recent economic environment on long-term prospective fixed income returns , we are reducing our expected long-term return on assets to 7.50% ( 7.50 % ) for determining pension cost for under current accounting rules , the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods . each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to increase or decrease by up to $ 8 million as the impact is amortized into results of operations . we currently estimate a pretax pension expense of $ 73 million in 2013 compared with pretax expense of $ 89 million in 2012 . this year-over-year expected decrease reflects the impact of favorable returns on plan assets experienced in 2012 as well as the effects of the lower discount rate required to be used in the table below reflects the estimated effects on pension expense of certain changes in annual assumptions , using 2013 estimated expense as a baseline . table 27 : pension expense - sensitivity analysis change in assumption ( a ) estimated increase to 2013 pension expense ( in millions ) . <table class='wikitable'><tr><td>1</td><td>change in assumption ( a )</td><td>estimatedincrease to 2013pensionexpense ( in millions )</td></tr><tr><td>2</td><td>.5% ( .5 % ) decrease in discount rate</td><td>$ 21</td></tr><tr><td>3</td><td>.5% ( .5 % ) decrease in expected long-term return on assets</td><td>$ 19</td></tr><tr><td>4</td><td>.5% ( .5 % ) increase in compensation rate</td><td>$ 2</td></tr></table> ( a ) the impact is the effect of changing the specified assumption while holding all other assumptions constant . our pension plan contribution requirements are not particularly sensitive to actuarial assumptions . investment performance has the most impact on contribution requirements and will drive the amount of required contributions in future years . also , current law , including the provisions of the pension protection act of 2006 , sets limits as to both minimum and maximum contributions to the plan . we do not expect to be required by law to make any contributions to the plan during 2013 . we maintain other defined benefit plans that have a less significant effect on financial results , including various nonqualified supplemental retirement plans for certain employees , which are described more fully in note 15 employee benefit plans in the notes to consolidated financial statements in item 8 of this report . the pnc financial services group , inc . 2013 form 10-k 77 .
Question: what was the pension pretax expense in 2012?
Answer: 89.0
Question: what was it in 2011?
Answer: 73.0
Question: what is the net change?
Answer: 16.0
Question: what is the net change divided by the 2012 value?
Answer: 0.17978
Question: what is that displayed as a percent?
| 17.97753 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
consist of first and second liens , the charge-off amounts for the pool are proportionate to the composition of first and second liens in the pool . our experience has been that the ratio of first to second lien loans has been consistent over time and is appropriately represented in our pools used for roll-rate calculations . generally , our variable-rate home equity lines of credit have either a seven or ten year draw period , followed by a 20 year amortization term . during the draw period , we have home equity lines of credit where borrowers pay interest only and home equity lines of credit where borrowers pay principal and interest . based upon outstanding balances at december 31 , 2012 , the following table presents the periods when home equity lines of credit draw periods are scheduled to end . table 39 : home equity lines of credit 2013 draw period end in millions interest product principal interest product . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>interestonlyproduct</td><td>principalandinterestproduct</td></tr><tr><td>2</td><td>2013</td><td>$ 1338</td><td>$ 221</td></tr><tr><td>3</td><td>2014</td><td>2048</td><td>475</td></tr><tr><td>4</td><td>2015</td><td>2024</td><td>654</td></tr><tr><td>5</td><td>2016</td><td>1571</td><td>504</td></tr><tr><td>6</td><td>2017</td><td>3075</td><td>697</td></tr><tr><td>7</td><td>2018 and thereafter</td><td>5497</td><td>4825</td></tr><tr><td>8</td><td>total ( a )</td><td>$ 15553</td><td>$ 7376</td></tr></table> ( a ) includes approximately $ 166 million , $ 208 million , $ 213 million , $ 61 million , $ 70 million and $ 526 million of home equity lines of credit with balloon payments with draw periods scheduled to end in 2013 , 2014 , 2015 , 2016 , 2017 and 2018 and thereafter , respectively . we view home equity lines of credit where borrowers are paying principal and interest under the draw period as less risky than those where the borrowers are paying interest only , as these borrowers have a demonstrated ability to make some level of principal and interest payments . based upon outstanding balances , and excluding purchased impaired loans , at december 31 , 2012 , for home equity lines of credit for which the borrower can no longer draw ( e.g. , draw period has ended or borrowing privileges have been terminated ) , approximately 3.86% ( 3.86 % ) were 30-89 days past due and approximately 5.96% ( 5.96 % ) were greater than or equal to 90 days past due . generally , when a borrower becomes 60 days past due , we terminate borrowing privileges , and those privileges are not subsequently reinstated . at that point , we continue our collection/recovery processes , which may include a loss mitigation loan modification resulting in a loan that is classified as a tdr . see note 5 asset quality in the notes to consolidated financial statements in item 8 of this report for additional information . loan modifications and troubled debt restructurings consumer loan modifications we modify loans under government and pnc-developed programs based upon our commitment to help eligible homeowners and borrowers avoid foreclosure , where appropriate . initially , a borrower is evaluated for a modification under a government program . if a borrower does not qualify under a government program , the borrower is then evaluated under a pnc program . our programs utilize both temporary and permanent modifications and typically reduce the interest rate , extend the term and/or defer principal . temporary and permanent modifications under programs involving a change to loan terms are generally classified as tdrs . further , certain payment plans and trial payment arrangements which do not include a contractual change to loan terms may be classified as tdrs . additional detail on tdrs is discussed below as well as in note 5 asset quality in the notes to consolidated financial statements in item 8 of this report . a temporary modification , with a term between three and 60 months , involves a change in original loan terms for a period of time and reverts to a calculated exit rate for the remaining term of the loan as of a specific date . a permanent modification , with a term greater than 60 months , is a modification in which the terms of the original loan are changed . permanent modifications primarily include the government-created home affordable modification program ( hamp ) or pnc-developed hamp-like modification programs . for consumer loan programs , such as residential mortgages and home equity loans and lines , we will enter into a temporary modification when the borrower has indicated a temporary hardship and a willingness to bring current the delinquent loan balance . examples of this situation often include delinquency due to illness or death in the family , or a loss of employment . permanent modifications are entered into when it is confirmed that the borrower does not possess the income necessary to continue making loan payments at the current amount , but our expectation is that payments at lower amounts can be made . residential mortgage and home equity loans and lines have been modified with changes in terms for up to 60 months , although the majority involve periods of three to 24 months . we also monitor the success rates and delinquency status of our loan modification programs to assess their effectiveness in serving our customers 2019 needs while mitigating credit losses . the following tables provide the number of accounts and unpaid principal balance of modified consumer real estate related loans as well as the number of accounts and unpaid principal balance of modified loans that were 60 days or more past due as of six months , nine months , twelve months and fifteen months after the modification date . the pnc financial services group , inc . 2013 form 10-k 91 .
Question: what percentage of the total of the interest only products home equity lines of credit draw periods is represented by the ones scheduled to end in 2017?
| 0.19771 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
liquidity monitoring and measurement stress testing liquidity stress testing is performed for each of citi 2019s major entities , operating subsidiaries and/or countries . stress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position , and to identify viable funding alternatives that can be utilized . these scenarios include assumptions about significant changes in key funding sources , market triggers ( such as credit ratings ) , potential uses of funding and geopolitical and macroeconomic conditions . these conditions include expected and stressed market conditions as well as company-specific events . liquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions . liquidity limits are set accordingly . to monitor the liquidity of an entity , these stress tests and potential mismatches are calculated with varying frequencies , with several tests performed daily . given the range of potential stresses , citi maintains contingency funding plans on a consolidated basis and for individual entities . these plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses . short-term liquidity measurement : liquidity coverage ratio ( lcr ) in addition to internal liquidity stress metrics that citi has developed for a 30-day stress scenario , citi also monitors its liquidity by reference to the lcr , as calculated pursuant to the u.s . lcr rules . generally , the lcr is designed to ensure that banks maintain an adequate level of hqla to meet liquidity needs under an acute 30-day stress scenario . the lcr is calculated by dividing hqla by estimated net outflows over a stressed 30-day period , with the net outflows determined by applying prescribed outflow factors to various categories of liabilities , such as deposits , unsecured and secured wholesale borrowings , unused lending commitments and derivatives- related exposures , partially offset by inflows from assets maturing within 30 days . banks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows . the minimum lcr requirement is 100% ( 100 % ) , effective january 2017 . pursuant to the federal reserve board 2019s final rule regarding lcr disclosures , effective april 1 , 2017 , citi began to disclose lcr in the prescribed format . the table below sets forth the components of citi 2019s lcr calculation and hqla in excess of net outflows for the periods indicated : in billions of dollars dec . 31 , sept . 30 , dec . 31 . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>dec . 31 2017</td><td>sept . 30 2017</td><td>dec . 31 2016</td></tr><tr><td>2</td><td>hqla</td><td>$ 446.4</td><td>$ 448.6</td><td>$ 403.7</td></tr><tr><td>3</td><td>net outflows</td><td>364.3</td><td>365.1</td><td>332.5</td></tr><tr><td>4</td><td>lcr</td><td>123% ( 123 % )</td><td>123% ( 123 % )</td><td>121% ( 121 % )</td></tr><tr><td>5</td><td>hqla in excess of net outflows</td><td>$ 82.1</td><td>$ 83.5</td><td>$ 71.3</td></tr></table> note : amounts set forth in the table above are presented on an average basis . as set forth in the table above , citi 2019s lcr increased year- over-year , as the increase in the hqla ( as discussed above ) more than offset an increase in modeled net outflows . the increase in modeled net outflows was primarily driven by changes in assumptions , including changes in methodology to better align citi 2019s outflow assumptions with those embedded in its resolution planning . sequentially , citi 2019s lcr remained unchanged . long-term liquidity measurement : net stable funding ratio ( nsfr ) in 2016 , the federal reserve board , the fdic and the occ issued a proposed rule to implement the basel iii nsfr requirement . the u.s.-proposed nsfr is largely consistent with the basel committee 2019s final nsfr rules . in general , the nsfr assesses the availability of a bank 2019s stable funding against a required level . a bank 2019s available stable funding would include portions of equity , deposits and long-term debt , while its required stable funding would be based on the liquidity characteristics of its assets , derivatives and commitments . prescribed factors would be required to be applied to the various categories of asset and liabilities classes . the ratio of available stable funding to required stable funding would be required to be greater than 100% ( 100 % ) . while citi believes that it is compliant with the proposed u.s . nsfr rules as of december 31 , 2017 , it will need to evaluate a final version of the rules , which are expected to be released during 2018 . citi expects that the nsfr final rules implementation period will be communicated along with the final version of the rules. .
Question: what is the net outflow as of dec 31, 2017?
Answer: 364.3
Question: what about as of dec 31, 2016?
Answer: 332.5
Question: what is the difference?
| 31.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 29 2007</td><td>september 30 2006</td><td>september 24 2005</td></tr><tr><td>2</td><td>beginning allowance balance</td><td>$ 52</td><td>$ 46</td><td>$ 47</td></tr><tr><td>3</td><td>charged to costs and expenses</td><td>12</td><td>17</td><td>8</td></tr><tr><td>4</td><td>deductions</td><td>-17 ( 17 )</td><td>-11 ( 11 )</td><td>-9 ( 9 )</td></tr><tr><td>5</td><td>ending allowance balance</td><td>$ 47</td><td>$ 52</td><td>$ 46</td></tr></table> vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .
Question: what was the balance in the allowance for doubtful accounts in 2006?
Answer: 52.0
Question: what was the balance in 2005?
| 46.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .
Question: what was the increase in the balance of unrecognized tax benefits from 2012 to 2013?
Answer: 0.76636
Question: and what was that increase from 2011 to 2012?
| 1.03659 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period . diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans . the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>weighted-average number of basic shares</td><td>95.1</td><td>95.8</td><td>95.9</td></tr><tr><td>3</td><td>shares issuable under incentive stock plans</td><td>0.9</td><td>1.1</td><td>1.0</td></tr><tr><td>4</td><td>weighted-average number of diluted shares</td><td>96.0</td><td>96.9</td><td>96.9</td></tr></table> at december 31 , 2017 , 0.1 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive . note 19 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters . amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available . subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company . environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns . as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities . the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes . changes to the company's remediation programs may result in increased expenses and increased environmental reserves . the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s . environmental protection agency and similar state authorities . it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites . for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal . in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable . the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis . additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future . the company incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company . in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states . this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements . as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter of 2016 . environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income . as of december 31 , 2017 and 2016 , the company has recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million . the total reserve at december 31 , 2017 and 2016 included $ 8.9 million and $ 9.6 million related to remediation of sites previously disposed by the company . environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term . the company's total current environmental reserve at december 31 , 2017 and 2016 was $ 12.6 million and $ 6.1 million and the remainder is classified as noncurrent . given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. .
Question: what is the total expense for environmental remediation at sites 2016 and 2017?
Answer: 26.5
Question: what about if the expense from 2015 is included?
Answer: 30.9
Question: what is the average for these three years?
| 10.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
financial statement impact we believe that our accruals for sales returns , rebates , and discounts are reasonable and appropriate based on current facts and circumstances . our global rebate and discount liabilities are included in sales rebates and discounts on our consolidated balance sheet . our global sales return liability is included in other current liabilities and other noncurrent liabilities on our consolidated balance sheet . as of december 31 , 2018 , a 5 percent change in our global sales return , rebate , and discount liability would have led to an approximate $ 275 million effect on our income before income taxes . the portion of our global sales return , rebate , and discount liability resulting from sales of our products in the u.s . was approximately 90 percent as of december 31 , 2018 and december 31 , 2017 . the following represents a roll-forward of our most significant u.s . pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid: . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2018</td><td>2017</td></tr><tr><td>2</td><td>sales return rebate and discount liabilities beginning of year</td><td>$ 4172.0</td><td>$ 3601.8</td></tr><tr><td>3</td><td>reduction of net sales due to sales returns discounts and rebates ( 1 )</td><td>12529.6</td><td>10603.4</td></tr><tr><td>4</td><td>cash payments of discounts and rebates</td><td>-12023.4 ( 12023.4 )</td><td>-10033.2 ( 10033.2 )</td></tr><tr><td>5</td><td>sales return rebate and discount liabilities end of year</td><td>$ 4678.2</td><td>$ 4172.0</td></tr></table> ( 1 ) adjustments of the estimates for these returns , rebates , and discounts to actual results were approximately 1 percent of consolidated net sales for each of the years presented . product litigation liabilities and other contingencies background and uncertainties product litigation liabilities and other contingencies are , by their nature , uncertain and based upon complex judgments and probabilities . the factors we consider in developing our product litigation liability reserves and other contingent liability amounts include the merits and jurisdiction of the litigation , the nature and the number of other similar current and past matters , the nature of the product and the current assessment of the science subject to the litigation , and the likelihood of settlement and current state of settlement discussions , if any . in addition , we accrue for certain product liability claims incurred , but not filed , to the extent we can formulate a reasonable estimate of their costs based primarily on historical claims experience and data regarding product usage . we accrue legal defense costs expected to be incurred in connection with significant product liability contingencies when both probable and reasonably estimable . we also consider the insurance coverage we have to diminish the exposure for periods covered by insurance . in assessing our insurance coverage , we consider the policy coverage limits and exclusions , the potential for denial of coverage by the insurance company , the financial condition of the insurers , and the possibility of and length of time for collection . due to a very restrictive market for product liability insurance , we are self-insured for product liability losses for all our currently marketed products . in addition to insurance coverage , we also consider any third-party indemnification to which we are entitled or under which we are obligated . with respect to our third-party indemnification rights , these considerations include the nature of the indemnification , the financial condition of the indemnifying party , and the possibility of and length of time for collection . the litigation accruals and environmental liabilities and the related estimated insurance recoverables have been reflected on a gross basis as liabilities and assets , respectively , on our consolidated balance sheets . impairment of indefinite-lived and long-lived assets background and uncertainties we review the carrying value of long-lived assets ( both intangible and tangible ) for potential impairment on a periodic basis and whenever events or changes in circumstances indicate the carrying value of an asset ( or asset group ) may not be recoverable . we identify impairment by comparing the projected undiscounted cash flows to be generated by the asset ( or asset group ) to its carrying value . if an impairment is identified , a loss is recorded equal to the excess of the asset 2019s net book value over its fair value , and the cost basis is adjusted . goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually and when certain impairment indicators are present . when required , a comparison of fair value to the carrying amount of assets is performed to determine the amount of any impairment. .
Question: what was the value of u.s . pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid in 2018?
Answer: 4678.2
Question: what was the value of u.s . pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid in 2017?
Answer: 4172.0
Question: what was the net change in values?
Answer: 506.2
Question: what was the value of u.s . pharmaceutical sales return , rebate , and discount liability balances , including managed care , medicare , and medicaid in 2017?
| 4172.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2015 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1424356 $ 33.90 4281952 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 . <table class='wikitable'><tr><td>1</td><td>plan category</td><td>number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b )</td><td>weighted-average exercise price of outstanding optionswarrants and rights ( 2 )</td><td>number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )</td></tr><tr><td>2</td><td>equity compensation plans approved by security holders</td><td>1424356</td><td>$ 33.90</td><td>4281952</td></tr><tr><td>3</td><td>equity compensation plans not approved by security holders ( 3 )</td><td>2014</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>total</td><td>1424356</td><td>$ 33.90</td><td>4281952</td></tr></table> ( 1 ) includes grants made under the huntington ingalls industries , inc . 2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc . 2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation . of these shares , 533397 were subject to stock options and 54191 were stock rights granted under the 2011 plan . in addition , this number includes 35553 stock rights , 10279 restricted stock rights , and 790936 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement . ( 2 ) this is the weighted average exercise price of the 533397 outstanding stock options only . ( 3 ) there are no awards made under plans not approved by security holders . item 13 . certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year . item 14 . principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2016 annual meeting of stockholders , to be filed within 120 days after the end of the company 2019s fiscal year. .
Question: what is the total number of securities approved by security holders?
| 5706308.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
Organize your response with headings for the answer and reasons. |