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0.17043 | Context:the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2010 , 2009 , and 2008 ( 3 ) multilateral loans include loans funded and guaranteed by bilaterals , multilaterals , development banks and other similar institutions . ( 4 ) non-recourse debt of $ 708 million as of december 31 , 2009 was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying consolidated balance sheets . non-recourse debt as of december 31 , 2010 is scheduled to reach maturity as set forth in the table below : december 31 , annual maturities ( in millions ) .
|december 31,|annual maturities ( in millions )|
|2011|$ 2577|
|2012|657|
|2013|953|
|2014|1839|
|2015|1138|
|thereafter|7957|
|total non-recourse debt|$ 15121|
as of december 31 , 2010 , aes subsidiaries with facilities under construction had a total of approximately $ 432 million of committed but unused credit facilities available to fund construction and other related costs . excluding these facilities under construction , aes subsidiaries had approximately $ 893 million in a number of available but unused committed revolving credit lines to support their working capital , debt service reserves and other business needs . these credit lines can be used in one or more of the following ways : solely for borrowings ; solely for letters of credit ; or a combination of these uses . the weighted average interest rate on borrowings from these facilities was 3.24% ( 3.24 % ) at december 31 , 2010 . non-recourse debt covenants , restrictions and defaults the terms of the company 2019s non-recourse debt include certain financial and non-financial covenants . these covenants are limited to subsidiary activity and vary among the subsidiaries . these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness . compliance with certain covenants may not be objectively determinable . as of december 31 , 2010 and 2009 , approximately $ 803 million and $ 653 million , respectively , of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements , and these amounts were included within 201crestricted cash 201d and 201cdebt service reserves and other deposits 201d in the accompanying consolidated balance sheets . various lender and governmental provisions restrict the ability of certain of the company 2019s subsidiaries to transfer their net assets to the parent company . such restricted net assets of subsidiaries amounted to approximately $ 5.4 billion at december 31 , 2010. .
Question: what percentage of non-recourse debt is current as of december 31 , 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05464 | Context:hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) the company has considered the provision of eitf issue no . 95-8 , accounting for contingent consideration paid to the shareholders of and acquired enterprise in a purchase business combination , and concluded that this contingent consideration represents additional purchase price . during the fourth quarter of fiscal 2007 the company paid approximately $ 19000 to former suros shareholders for the first annual earn-out period resulting in an increase to goodwill for the same amount . goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable for the second annual earn-out . in addition to the earn-out discussed above , the company increased goodwill related to the suros acquisition in the amount of $ 210 during the year ended september 29 , 2007 . the increase was primarily related to recording a liability of approximately $ 550 in accordance with eitf 95-3 related to the termination of certain employees who have ceased all services for the company . approximately $ 400 of this liability was paid during the year ended september 29 , 2007 and the balance is expected to be paid by the end of the second quarter of fiscal 2008 . this increase was partially offset by a decrease to goodwill as a result of a change in the valuation of certain assets and liabilities acquired based on information received during the year ended september 29 , 2007 . there have been no other material changes to purchase price allocations as disclosed in the company 2019s form 10-k for the year ended september 30 , 2006 . as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued . it was determined that only customer relationship , trade name , developed technology and know how and in-process research and development had separately identifiable values . customer relationship represents suros large installed base that are expected to purchase disposable products on a regular basis . trade name represent the suros product names that the company intends to continue to use . developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products . the estimated $ 4900 of purchase price allocated to in-process research and development projects primarily related to suros 2019 disposable products . the projects were at various stages of completion and include next generation handpiece and site marker technologies . the company has continued to work on these projects and expects they will be completed during fiscal 2008 . the deferred income tax liability relates to the tax effect of acquired identifiable intangible assets , and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes , partially offset by acquired net operating loss carry forwards that the company believes are realizable . for all of the acquisitions discussed above , goodwill represents the excess of the purchase price over the net identifiable tangible and intangible assets acquired . the company determined that the acquisition of each aeg , biolucent , r2 and suros resulted in the recognition of goodwill primarily because of synergies unique to the company and the strength of its acquired workforce . supplemental unaudited pro-forma information the following unaudited pro forma information presents the consolidated results of operations of the company , r2 and suros as if the acquisitions had occurred at the beginning of fiscal 2006 , with pro forma adjustments to give effect to amortization of intangible assets , an increase in interest expense on acquisition financing and certain other adjustments together with related tax effects: .
||2006|
|net revenue|$ 524340|
|net income|28649|
|net income per share 2014basic|$ 0.55|
|net income per share 2014assuming dilution|$ 0.33|
.
Question: what would be the net profit margin if the acquisitions occurred at the beginning of fiscal 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
45.7 | Context:notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries . as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .
||2019|2020|2021|2022|2023|thereafter|total|
|deferred acquisition payments|$ 65.7|$ 20.0|$ 23.6|$ 4.7|$ 10.2|$ 2.7|$ 126.9|
|redeemable noncontrolling interests and call options with affiliates1|30.1|30.6|42.9|5.7|3.5|2.5|115.3|
|total contingent acquisition payments|$ 95.8|$ 50.6|$ 66.5|$ 10.4|$ 13.7|$ 5.2|$ 242.2|
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 . these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 5 for further information relating to the payment structure of our acquisitions . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 . the company has previously provided for such settlement in its consolidated financial statements. .
Question: what was the change in the future contingent acquisition obligations deferred acquisition payments from 2019 to 2020 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.53623 | Context:2322 t . r o w e p r i c e g r o u p a n n u a l r e p o r t 2 0 1 1 c o n t r a c t u a l o b l i g at i o n s the following table presents a summary of our future obligations ( in a0millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2011 . other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees . because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations . the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years . the information also excludes the $ 4.7 a0million of uncertain tax positions discussed in note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .
||total|2012|2013-14|2015-16|later|
|noncancelable operating leases|$ 185|$ 31|$ 63|$ 57|$ 34|
|other purchase commitments|160|112|38|10|-|
|total|$ 345|$ 143|$ 101|$ 67|$ 34|
we also have outstanding commitments to fund additional contributions to investment partnerships in which we have an existing investment totaling $ 42.5 a0million at december 31 , 2011 . c r i t i c a l a c c o u n t i n g p o l i c i e s the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives . further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our balance sheet , the revenues and expenses in our statement of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements . making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time . accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes . we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2011 annual report . in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements . other than temporary impairments of available-for-sale securities . we generally classify our investment holdings in sponsored mutual funds and the debt securities held for investment by our savings bank subsidiary as available-for-sale . at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the statement of stockholders 2019 equity . we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary . in determining whether a mutual fund holding is other than temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value . subject to the other considerations noted above , with respect to duration of time , we believe a mutual fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other than temporary impairment . we may also recognize an other than temporary loss of less than six months in our statement of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible . an impaired debt security held by our savings bank subsidiary is considered to have an other than temporary loss that we will recognize in our statement of income if the impairment is caused by a change in credit quality that affects our ability to recover our amortized cost or if we intend to sell the security or believe that it is more likely than not that we will be required to sell the security before recovering cost . minor impairments of 5% ( 5 % ) or less are generally considered temporary . other than temporary impairments of equity method investments . we evaluate our equity method investments , including our investment in uti , for impairment when events or changes in circumstances indicate that the carrying value of the investment exceeds its fair value , and the decline in fair value is other than temporary . goodwill . we internally conduct , manage and report our operations as one investment advisory business . we do not have distinct operating segments or components that separately constitute a business . accordingly , we attribute goodwill to a single reportable business segment and reporting unit 2014our investment advisory business . we evaluate the carrying amount of goodwill in our balance sheet for possible impairment on an annual basis in the third quarter of each year using a fair value approach . goodwill would be considered impaired whenever our historical carrying amount exceeds the fair value of our investment advisory business . our annual testing has demonstrated that the fair value of our investment advisory business ( our market capitalization ) exceeds our carrying amount ( our stockholders 2019 equity ) and , therefore , no impairment exists . should we reach a different conclusion in the future , additional work would be performed to ascertain the amount of the non-cash impairment charge to be recognized . we must also perform impairment testing at other times if an event or circumstance occurs indicating that it is more likely than not that an impairment has been incurred . the maximum future impairment of goodwill that we could incur is the amount recognized in our balance sheet , $ 665.7 a0million . stock options . we recognize stock option-based compensation expense in our consolidated statement of income using a fair value based method . fair value methods use a valuation model for shorter-term , market-traded financial instruments to theoretically value stock option grants even though they are not available for trading and are of longer duration . the black- scholes option-pricing model that we use includes the input of certain variables that are dependent on future expectations , including the expected lives of our options from grant date to exercise date , the volatility of our underlying common shares in the market over that time period , and the rate of dividends that we will pay during that time . our estimates of these variables are made for the purpose of using the valuation model to determine an expense for each reporting period and are not subsequently adjusted . unlike most of our expenses , the resulting charge to earnings using a fair value based method is a non-cash charge that is never measured by , or adjusted based on , a cash outflow . provision for income taxes . after compensation and related costs , our provision for income taxes on our earnings is our largest annual expense . we operate in numerous states and countries through our various subsidiaries , and must allocate our income , expenses , and earnings under the various laws and regulations of each of these taxing jurisdictions . accordingly , our provision for income taxes represents our total estimate of the liability that we have incurred in doing business each year in all of our locations . annually , we file tax returns that represent our filing positions with each jurisdiction and settle our return liabilities . each jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations . from time to time , we may also provide for estimated liabilities associated with uncertain tax return filing positions that are subject to , or in the process of , being audited by various tax authorities . because the determination of our annual provision is subject to judgments and estimates , it is likely that actual results will vary from those recognized in our financial statements . as a result , we recognize additions to , or reductions of , income tax expense during a reporting period that pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and tax audits are settled . we recognize any such prior period adjustment in the discrete quarterly period in which it is determined . n e w ly i s s u e d b u t n o t y e t a d o p t e d a c c o u n t i n g g u i d a n c e in may 2011 , the fasb issued amended guidance clarifying how to measure and disclose fair value . we do not believe the adoption of such amended guidance on january 1 , 2012 , will have a significant effect on our consolidated financial statements . we have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements , including that which we have not yet adopted . we do not believe that any such guidance will have a material effect on our financial position or results of operation. .
Question: what percent of the total amount is made up of noncancelable operating leases? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
87.177 | Context:as approximately 161 acres of undeveloped land and a 12-acre container storage facility in houston . the total price was $ 89.7 million and was financed in part through assumption of secured debt that had a fair value of $ 34.3 million . of the total purchase price , $ 64.1 million was allocated to in-service real estate assets , $ 20.0 million was allocated to undeveloped land and the container storage facility , $ 5.4 million was allocated to lease related intangible assets , and the remaining amount was allocated to acquired working capital related assets and liabilities . the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements . in february 2007 , we completed the acquisition of bremner healthcare real estate ( 201cbremner 201d ) , a national health care development and management firm . the primary reason for the acquisition was to expand our development capabilities within the health care real estate market . the initial consideration paid to the sellers totaled $ 47.1 million , and the sellers may be eligible for further contingent payments over a three-year period following the acquisition . approximately $ 39.0 million of the total purchase price was allocated to goodwill , which is attributable to the value of bremner 2019s overall development capabilities and its in-place workforce . the results of operations for bremner since the date of acquisition have been included in continuing operations in our consolidated financial statements . in february 2006 , we acquired the majority of a washington , d.c . metropolitan area portfolio of suburban office and light industrial properties ( the 201cmark winkler portfolio 201d ) . the assets acquired for a purchase price of approximately $ 867.6 million were comprised of 32 in-service properties with approximately 2.9 million square feet for rental , 166 acres of undeveloped land , as well as certain related assets of the mark winkler company , a real estate management company . the acquisition was financed primarily through assumed mortgage loans and new borrowings . the assets acquired and liabilities assumed were recorded at their estimated fair value at the date of acquisition , as summarized below ( in thousands ) : .
|operating rental properties|$ 602011|
|undeveloped land|154300|
|total real estate investments|756311|
|other assets|10478|
|lease related intangible assets|86047|
|goodwill|14722|
|total assets acquired|867558|
|debt assumed|-148527 ( 148527 )|
|other liabilities assumed|-5829 ( 5829 )|
|purchase price net of assumed liabilities|$ 713202|
purchase price , net of assumed liabilities $ 713202 in december 2006 , we contributed 23 of these in-service properties acquired from the mark winkler portfolio with a basis of $ 381.6 million representing real estate investments and acquired lease related intangible assets to two new unconsolidated subsidiaries . of the remaining nine in-service properties , eight were contributed to these two unconsolidated subsidiaries in 2007 and one remains in continuing operations as of december 31 , 2008 . the eight properties contributed in 2007 had a basis of $ 298.4 million representing real estate investments and acquired lease related intangible assets , and debt secured by these properties of $ 146.4 million was also assumed by the unconsolidated subsidiaries . in the third quarter of 2006 , we finalized the purchase of a portfolio of industrial real estate properties in savannah , georgia . we completed a majority of the purchase in january 2006 . the assets acquired for a purchase price of approximately $ 196.2 million were comprised of 18 buildings with approximately 5.1 million square feet for rental as well as over 60 acres of undeveloped land . the acquisition was financed in part through assumed mortgage loans . the results of operations for the acquired properties since the date of acquisition have been included in continuing rental operations in our consolidated financial statements. .
Question: what are the total real estate investments as a percentage of the total assets acquired? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
113.06943 | Context:transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2015 to december 31 , 2015 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs3|
|october 1 - 31|2140511|$ 20.54|2139507|$ 227368014|
|november 1 - 30|1126378|$ 22.95|1124601|$ 201557625|
|december 1 - 31|1881992|$ 22.97|1872650|$ 158553178|
|total|5148881|$ 21.96|5136758||
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased 1004 withheld shares in october 2015 , 1777 withheld shares in november 2015 and 9342 withheld shares in december 2015 . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program . 3 in february 2015 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2015 share repurchase program 201d ) . on february 12 , 2016 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2015 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: what is the total cash used for the repurchase of shares during the last three months of the year , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.85 | Context:remitted to the u.s . due to foreign tax credits and exclusions that may become available at the time of remittance . at december 31 , 2010 , aon had domestic federal operating loss carryforwards of $ 56 million that will expire at various dates from 2011 to 2024 , state operating loss carryforwards of $ 610 million that will expire at various dates from 2011 to 2031 , and foreign operating and capital loss carryforwards of $ 720 million and $ 251 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax provisions the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .
||2010|2009|
|balance at january 1|$ 77|$ 86|
|additions based on tax positions related to the current year|7|2|
|additions for tax positions of prior years|4|5|
|reductions for tax positions of prior years|-7 ( 7 )|-11 ( 11 )|
|settlements|-1 ( 1 )|-10 ( 10 )|
|lapse of statute of limitations|-5 ( 5 )|-3 ( 3 )|
|acquisitions|26|6|
|foreign currency translation|-1 ( 1 )|2|
|balance at december 31|$ 100|$ 77|
as of december 31 , 2010 , $ 85 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 , except for a potential reduction of unrecognized tax benefits in the range of $ 10-$ 15 million relating to anticipated audit settlements . 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 2010 , 2009 and 2008 . aon accrued interest of less than $ 1 million in 2010 , $ 2 million during 2009 and less than $ 1 million in 2008 . aon has recorded a liability for penalties of $ 5 million and for interest of $ 18 million for both december 31 , 2010 and 2009 . 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 2004. .
Question: what percent of unrecognized tax benefits would impact the effective tax rate if recognized in 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.28261 | Context:2022 the failure of our information systems to function as intended or their penetration by outside parties with the intent to corrupt them or our failure to comply with privacy laws and regulations could result in business disruption , litigation and regulatory action , and loss of revenue , assets or personal or other confidential data . we use information systems to help manage business processes , collect and interpret business data and communicate internally and externally with employees , suppliers , customers and others . some of these information systems are managed by third-party service providers . we have backup systems and business continuity plans in place , and we take care to protect our systems and data from unauthorized access . nevertheless , failure of our systems to function as intended , or penetration of our systems by outside parties intent on extracting or corrupting information or otherwise disrupting business processes , could place us at a competitive disadvantage , result in a loss of revenue , assets or personal or other sensitive data , litigation and regulatory action , cause damage to our reputation and that of our brands and result in significant remediation and other costs . failure to protect personal data and respect the rights of data subjects could subject us to substantial fines under regulations such as the eu general data protection regulation . 2022 we may be required to replace third-party contract manufacturers or service providers with our own resources . in certain instances , we contract with third parties to manufacture some of our products or product parts or to provide other services . we may be unable to renew these agreements on satisfactory terms for numerous reasons , including government regulations . accordingly , our costs may increase significantly if we must replace such third parties with our own resources . item 1b . unresolved staff comments . item 2 . properties . at december 31 , 2017 , we operated and owned 46 manufacturing facilities and maintained contract manufacturing relationships with 25 third-party manufacturers across 23 markets . in addition , we work with 38 third-party operators in indonesia who manufacture our hand-rolled cigarettes . pmi-owned manufacturing facilities eema asia america canada total .
||eu ( 1 )|eema|asia|latinamerica&canada|total|
|fully integrated|7|8|9|7|31|
|make-pack|3|2014|1|2|6|
|other|3|1|3|2|9|
|total|13|9|13|11|46|
( 1 ) includes facilities that produced heated tobacco units in 2017 . in 2017 , 23 of our facilities each manufactured over 10 billion cigarettes , of which eight facilities each produced over 30 billion units . our largest factories are in karawang and sukorejo ( indonesia ) , izmir ( turkey ) , krakow ( poland ) , st . petersburg and krasnodar ( russia ) , batangas and marikina ( philippines ) , berlin ( germany ) , kharkiv ( ukraine ) , and kutna hora ( czech republic ) . our smallest factories are mostly in latin america and asia , where due to tariff and other constraints we have established small manufacturing units in individual markets . we will continue to optimize our manufacturing base , taking into consideration the evolution of trade blocks . the plants and properties owned or leased and operated by our subsidiaries are maintained in good condition and are believed to be suitable and adequate for our present needs . we are integrating the production of heated tobacco units into a number of our existing manufacturing facilities and progressing with our plans to build manufacturing capacity for our other rrp platforms. .
Question: what portion of total facilities are located in eu? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.2148 | Context:( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options . shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates 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 s&p 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock . comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport .
||12/31/04|12/31/05|12/31/06|12/31/07|12/31/08|12/31/09|
|united parcel service inc .|$ 100.00|$ 89.49|$ 91.06|$ 87.88|$ 70.48|$ 75.95|
|s&p 500 index|$ 100.00|$ 104.91|$ 121.48|$ 128.15|$ 80.74|$ 102.11|
|dow jones transportation average|$ 100.00|$ 111.65|$ 122.61|$ 124.35|$ 97.72|$ 115.88|
.
Question: what is the roi of an investment in s&p500 in 2004 and sold in 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.78113 | Context:royal caribbean cruises ltd . 3 part i the following table details the growth in the global and north american cruise markets in terms of cruise passengers and estimated weighted- average berths over the past five years : weighted-average weighted-average north american supply of berths global cruise supply of berths cruise marketed in year passengers ( 1 ) marketed globally ( 1 ) passengers ( 2 ) north america ( 1 ) .
|year|global cruise passengers ( 1 )|weighted-average supply of berths marketed globally ( 1 )|north american cruise passengers ( 2 )|weighted- average supply ofberths marketed in north america ( 1 )|
|2004|13757000|265000|9108000|207000|
|2005|14818000|282000|9909000|216000|
|2006|15309000|299000|10080000|227000|
|2007|16586000|323000|10330000|242000|
|2008|17184000|345000|10815000|254000|
( 1 ) source : our estimates . ( 2 ) source : cruise line international association based on cruise passengers carried for at least two consecutive nights . in an effort to penetrate untapped markets and diversify our customer base , we have redeployed some of the ships in our royal caribbean international and celebrity cruises brands from the north american market to europe , latin america and asia . this redeployment has contributed to an increase in the growth of our global cruise brands outside of the north american market . although the global and north american cruise markets have grown steadily over the past several years , the recent weakening of the united states and other economies has significantly deteriorated consumer confidence and discretionary spending . this has caused a global drop in demand for cruises and a resulting drop in cruise prices . the long-term impact of these conditions on the continued growth of the cruise mar- ket will depend on the depth and duration of this worldwide economic downturn . in addition , the projected increase in capacity within the cruise industry from new cruise ships currently on order could produce addi- tional pricing pressures within the industry . see item 1a . risk factors . we compete with a number of cruise lines ; however , our principal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , p&o cruises and princess cruises and has a joint venture with orizonia corporation under which they operate iberocruceros ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises . cruise lines compete with other vacation alter- natives 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 . companies within the vacation market are dependent on consumer discretionary spending . although vacation spending is likely to be curtailed significantly in the midst of the current worldwide economic downturn , we believe that cruising is perceived by consumers as a good value when compared to other vacation alternatives . our ships operate worldwide and have itineraries that call on destina- tions in alaska , asia , australia , the bahamas , bermuda , california , canada , the caribbean , europe , the galapagos islands , hawaii , mexico , new england , new zealand , the panama canal and south america . operating strategies our principal operating strategies are to : manage the efficiency of our operating expenditures and preserve cash and liquidity during the current worldwide economic downturn , increase the awareness and market penetration of our brands , expand our fleet with the new state-of-the-art cruise ships currently on order , expand into new markets and itineraries , continue to expand and diversify our passenger mix through passen- ger sourcing outside north america , protect the health , safety and security of our passengers and employees and protect the environment in which our vessels and organization operate , utilize sophisticated revenue management capabilities to optimize revenue based on demand for our products , further improve our technological capabilities , and maintain strong relationships with travel agencies , the principal indus- try distribution channel , while offering direct access for consumers . manage operating expenditures and preserve cash and liquidity during the current worldwide economic downturn we are focused on maximizing the efficiency of our operating expenditures and preserving cash and liquidity . during 2008 , we announced the reduction in our workforce of approximately 400 shoreside positions and implemented a number of cost-saving initiatives in an effort to reduce our operating costs . to preserve liquidity , we have discontinued our quarterly dividend commencing in the fourth quarter of 2008 , curtailed our non-shipbuild capital expenditures , and currently do not have plans to place further newbuild orders . we believe these strategies will enhance our ability to fund our capital spending obligations and improve our balance sheet. .
Question: in 2005 what was the percent of the weighted-average supply of berths marketed globally in marketed in north america | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.60492 | Context:f0b7 free cash flow 2013 cash generated by operating activities totaled $ 6.2 billion , reduced by $ 3.6 billion for cash used in investing activities and a 37% ( 37 % ) increase in dividends paid , yielding free cash flow of $ 1.4 billion . free cash flow is defined as cash provided by operating activities ( adjusted for the reclassification of our receivables securitization facility ) , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the u.s . ( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2012 2011 2010 .
|millions|2012|2011|2010|
|cash provided by operating activities|$ 6161|$ 5873|$ 4105|
|receivables securitization facility [a]|-|-|400|
|cash provided by operating activities adjusted for the receivables securitizationfacility|6161|5873|4505|
|cash used in investing activities|-3633 ( 3633 )|-3119 ( 3119 )|-2488 ( 2488 )|
|dividends paid|-1146 ( 1146 )|-837 ( 837 )|-602 ( 602 )|
|free cash flow|$ 1382|$ 1917|$ 1415|
[a] effective january 1 , 2010 , a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our consolidated statements of financial position and as financing activities in our consolidated statements of cash flows . the receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented . 2013 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture throughout our operations , which allows us to identify and implement best practices for employee and operational safety . derailment prevention and the reduction of grade crossing incidents are critical aspects of our safety programs . we will continue our efforts to increase rail defect detection ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network . f0b7 network operations 2013 we will continue focusing on our six critical initiatives to improve safety , service and productivity during 2013 . we are seeing solid contributions from reducing variability , continuous improvements , and standard work . resource agility allows us to respond quickly to changing market conditions and network disruptions from weather or other events . the railroad continues to benefit from capital investments that allow us to build capacity for growth and harden our infrastructure to reduce failure . f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts . f0b7 capital plan 2013 in 2013 , we plan to make total capital investments of approximately $ 3.6 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) .
Question: for the planned 2013 capital investments , what percentage are these of actual 2012 free cash flow? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
133.69231 | Context:page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 . acquisitions latapack-ball embalagens ltda . ( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a . this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market . as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture . latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment . in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting . the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date . the valuation was based on market and income approaches. .
|cash|$ 69.3|
|current assets|84.7|
|property plant and equipment|265.9|
|goodwill|100.2|
|intangible asset|52.8|
|current liabilities|-53.2 ( 53.2 )|
|long-term liabilities|-174.1 ( 174.1 )|
|net assets acquired|$ 345.6|
|noncontrolling interests|$ -132.9 ( 132.9 )|
noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years . the intangible asset is being amortized on a straight-line basis . neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash . neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions . neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people . the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date . guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc . ball has owned 35 percent of the joint venture plant since 1992 . ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates . the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting . the purchase accounting was completed during the third quarter of 2010 . the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: in june 2010 , what was the implied total value of the joint venture metal beverage can plant in the prc , in $ million? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.4359 | Context:expenditures and acquisitions of leased properties are funded by the original contributor of the assets , but no change in ownership interest may result from these contributions . an excess of ashland funded improvements over marathon funded improvements results in a net gain and an excess of marathon funded improvements over ashland funded improvements results in a net loss . cost of revenues increased by $ 8.718 billion in 2003 from 2002 and $ 367 million in 2002 from 2001 . the increases in the oerb segment were primarily a result of higher natural gas and liquid hydrocarbon costs . the increases in the rm&t segment primarily reflected higher acquisition costs for crude oil , refined products , refinery charge and blend feedstocks and increased manufacturing expenses . selling , general and administrative expenses increased by $ 107 million in 2003 from 2002 and $ 125 million in 2002 from 2001 . the increase in 2003 was primarily a result of increased employee benefits ( caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets ) and other employee related costs . also , marathon changed assumptions in the health care cost trend rate from 7.5% ( 7.5 % ) to 10% ( 10 % ) , resulting in higher retiree health care costs . additionally , during 2003 , marathon recorded a charge of $ 24 million related to organizational and business process changes . the increase in 2002 primarily reflected increased employee related costs . inventory market valuation reserve is established to reduce the cost basis of inventories to current market value . the 2002 results of operations include credits to income from operations of $ 71 million , reversing the imv reserve at december 31 , 2001 . for additional information on this adjustment , see 201cmanagement 2019s discussion and analysis of critical accounting estimates 2013 net realizable value of inventories 201d on page 31 . net interest and other financial costs decreased by $ 82 million in 2003 from 2002 , following an increase of $ 96 million in 2002 from 2001 . the decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects , the favorable effect of interest rate swaps , the favorable effect of interest on tax deficiencies and increased interest income on investments . the increase in 2002 was primarily due to higher average debt levels resulting from acquisitions and the separation . additionally , included in net interest and other financing costs are foreign currency gains of $ 13 million and $ 8 million for 2003 and 2002 and losses of $ 5 million for 2001 . loss from early extinguishment of debt in 2002 was attributable to the retirement of $ 337 million aggregate principal amount of debt , resulting in a loss of $ 53 million . as a result of the adoption of statement of financial accounting standards no . 145 201crescission of fasb statements no . 4 , 44 , and 64 , amendment of fasb statement no . 13 , and technical corrections 201d ( 201csfas no . 145 201d ) , the loss from early extinguishment of debt that was previously reported as an extraordinary item ( net of taxes of $ 20 million ) has been reclassified into income before income taxes . the adoption of sfas no . 145 had no impact on net income for 2002 . minority interest in income of map , which represents ashland 2019s 38 percent ownership interest , increased by $ 129 million in 2003 from 2002 , following a decrease of $ 531 million in 2002 from 2001 . map income was higher in 2003 compared to 2002 as discussed below in the rm&t segment . map income was significantly lower in 2002 compared to 2001 as discussed below in the rm&t segment . provision for income taxes increased by $ 215 million in 2003 from 2002 , following a decrease of $ 458 million in 2002 from 2001 , primarily due to $ 720 million increase and $ 1.356 billion decrease in income before income taxes . the effective tax rate for 2003 was 36.6% ( 36.6 % ) compared to 42.1% ( 42.1 % ) and 37.1% ( 37.1 % ) for 2002 and 2001 . the higher rate in 2002 was due to the united kingdom enactment of a supplementary 10 percent tax on profits from the north sea oil and gas production , retroactively effective to april 17 , 2002 . in 2002 , marathon recognized a one-time noncash deferred tax adjustment of $ 61 million as a result of the rate increase . the following is an analysis of the effective tax rate for the periods presented: .
||2003|2002|2001|
|statutory tax rate|35.0% ( 35.0 % )|35.0% ( 35.0 % )|35.0% ( 35.0 % )|
|effects of foreign operations ( a )|-0.4 ( 0.4 )|5.6|-0.7 ( 0.7 )|
|state and local income taxes after federal income tax effects|2.2|3.9|3.0|
|other federal tax effects|-0.2 ( 0.2 )|-2.4 ( 2.4 )|-0.2 ( 0.2 )|
|effective tax rate|36.6% ( 36.6 % )|42.1% ( 42.1 % )|37.1% ( 37.1 % )|
( a ) the deferred tax effect related to the enactment of a supplemental tax in the u.k . increased the effective tax rate 7.0 percent in 2002. .
Question: what was the percentage decrease of state and local income taxes after federal income tax effects from 2002 to 2003? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
270111.0 | Context:entergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .
|2017|2016|2015|2014|
|( in thousands )|( in thousands )|( in thousands )|( in thousands )|
|( $ 166137 )|( $ 51232 )|( $ 52742 )|$ 2218|
see note 4 to the financial statements for a description of the money pool . entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 . entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2018 . a0 a0the $ 150 million credit facility permits the issuance of letters of credit against $ 5 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and no letters of credit outstanding under the credit facilities . in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december 31 , 2017 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility . see note 4 to the financial statements for further discussion of the credit facilities . the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 . a0 a0as of december 31 , 2017 , $ 50 million in letters of credit to support a like amount of commercial paper issued and $ 24.9 million in loans were outstanding under the entergy arkansas nuclear fuel company variable interest entity credit facility . see note 4 to the financial statements for further discussion of the nuclear fuel company variable interest entity credit facility . entergy arkansas obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits . the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc , and the current authorization extends through december 2018 . entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery retail rates 2015 base rate filing in april 2015 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs . the filing notified the apsc of entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , and requested a retail rate increase of $ 268.4 million , with a net increase in revenue of $ 167 million . the filing requested a 10.2% ( 10.2 % ) return on common equity . in september 2015 the apsc staff and intervenors filed direct testimony , with the apsc staff recommending a revenue requirement of $ 217.9 million and a 9.65% ( 9.65 % ) return on common equity . in december 2015 , entergy arkansas , the apsc staff , and certain of the intervenors in the rate case filed with the apsc a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $ 225 million with a net increase in revenue of approximately $ 133 million ; an authorized return on common equity of 9.75% ( 9.75 % ) ; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% ( 9.75 % ) allowed return on common equity . a significant portion of the rate increase is related to entergy arkansas 2019s acquisition in march 2016 of union power station power block 2 for a base purchase price of $ 237 million . the settlement agreement also provided for amortization over a 10-year period of $ 7.7 million of previously-incurred costs related to ano post-fukushima compliance and $ 9.9 million of previously-incurred costs related to ano flood barrier compliance . a settlement hearing was held in january 2016 . in february 2016 the apsc approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $ 5 million . the settling parties agreed to the apsc modifications in february 2016 . the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . in march 2016 , entergy arkansas made a compliance filing regarding the .
Question: what was the sum of the entergy arkansas 2019s payables from 2015 to 2017 in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2211.76471 | Context: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 ) . .
||u.s .|canada|total|
|proved undeveloped reserves as of december 31 2014|305|384|689|
|extensions and discoveries|13|11|24|
|revisions due to prices|-115 ( 115 )|80|-35 ( 35 )|
|revisions other than price|-40 ( 40 )|-80 ( 80 )|-120 ( 120 )|
|conversion to proved developed reserves|-88 ( 88 )|-94 ( 94 )|-182 ( 182 )|
|proved undeveloped reserves as of december 31 2015|75|301|376|
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 was the total proved reserve amount for the year-end 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.37747 | Context:management 2019s discussion and analysis 126 jpmorgan chase & co./2014 annual report while useful as a current view of credit exposure , the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure . to capture the potential future variability of credit exposure , the firm calculates , on a client-by-client basis , three measures of potential derivatives-related credit loss : peak , derivative risk equivalent ( 201cdre 201d ) , and average exposure ( 201cavg 201d ) . these measures all incorporate netting and collateral benefits , where applicable . peak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% ( 97.5 % ) confidence level . dre exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures . the measurement is done by equating the unexpected loss in a derivative counterparty exposure ( which takes into consideration both the loss volatility and the credit rating of the counterparty ) with the unexpected loss in a loan exposure ( which takes into consideration only the credit rating of the counterparty ) . dre is a less extreme measure of potential credit loss than peak and is the primary measure used by the firm for credit approval of derivative transactions . finally , avg is a measure of the expected fair value of the firm 2019s derivative receivables at future time periods , including the benefit of collateral . avg exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the cva , as further described below . the three year avg exposure was $ 37.5 billion and $ 35.4 billion at december 31 , 2014 and 2013 , respectively , compared with derivative receivables , net of all collateral , of $ 59.4 billion and $ 51.3 billion at december 31 , 2014 and 2013 , respectively . the fair value of the firm 2019s derivative receivables incorporates an adjustment , the cva , to reflect the credit quality of counterparties . the cva is based on the firm 2019s avg to a counterparty and the counterparty 2019s credit spread in the credit derivatives market . the primary components of changes in cva are credit spreads , new deal activity or unwinds , and changes in the underlying market environment . the firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio . in addition , the firm 2019s risk management process takes into consideration the potential impact of wrong-way risk , which is broadly defined as the potential for increased correlation between the firm 2019s exposure to a counterparty ( avg ) and the counterparty 2019s credit quality . many factors may influence the nature and magnitude of these correlations over time . to the extent that these correlations are identified , the firm may adjust the cva associated with that counterparty 2019s avg . the firm risk manages exposure to changes in cva by entering into credit derivative transactions , as well as interest rate , foreign exchange , equity and commodity derivative transactions . the accompanying graph shows exposure profiles to the firm 2019s current derivatives portfolio over the next 10 years as calculated by the dre and avg metrics . the two measures generally show that exposure will decline after the first year , if no new trades are added to the portfolio . the following table summarizes the ratings profile by derivative counterparty of the firm 2019s derivative receivables , including credit derivatives , net of other liquid securities collateral , for the dates indicated . the ratings scale is based on the firm 2019s internal ratings , which generally correspond to the ratings as defined by s&p and moody 2019s . ratings profile of derivative receivables rating equivalent 2014 2013 ( a ) december 31 , ( in millions , except ratios ) exposure net of all collateral % ( % ) of exposure net of all collateral exposure net of all collateral % ( % ) of exposure net of all collateral .
|rating equivalent december 31 ( in millions except ratios )|rating equivalent exposure net of all collateral|rating equivalent % ( % ) of exposure net of all collateral|exposure net of all collateral|% ( % ) of exposure net of all collateral|
|aaa/aaa to aa-/aa3|$ 19202|32% ( 32 % )|$ 12953|25% ( 25 % )|
|a+/a1 to a-/a3|13940|24|12930|25|
|bbb+/baa1 to bbb-/baa3|19008|32|15220|30|
|bb+/ba1 to b-/b3|6384|11|6806|13|
|ccc+/caa1 and below|837|1|3415|7|
|total|$ 59371|100% ( 100 % )|$ 51324|100% ( 100 % )|
( a ) the prior period amounts have been revised to conform with the current period presentation. .
Question: what was the ratio of the ratings profile of derivative receivables rating equivalent of the aaa/aaa to aa-/aa3 to the a+/a1 to a-/a3 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.41667 | Context:credit facilities as our bermuda subsidiaries are not admitted insurers and reinsurers in the u.s. , the terms of certain u.s . insurance and reinsurance contracts require them to provide collateral , which can be in the form of locs . in addition , ace global markets is required to satisfy certain u.s . regulatory trust fund requirements which can be met by the issuance of locs . locs may also be used for general corporate purposes and to provide underwriting capacity as funds at lloyd 2019s . the following table shows our main credit facilities by credit line , usage , and expiry date at december 31 , 2010 . ( in millions of u.s . dollars ) credit line ( 1 ) usage expiry date .
|( in millions of u.s . dollars )|creditline ( 1 )|usage|expiry date|
|syndicated letter of credit facility|$ 1000|$ 574|nov . 2012|
|revolving credit/loc facility ( 2 )|500|370|nov . 2012|
|bilateral letter of credit facility|500|500|sept . 2014|
|funds at lloyds 2019s capital facilities ( 3 )|400|340|dec . 2015|
|total|$ 2400|$ 1784||
( 1 ) certain facilities are guaranteed by operating subsidiaries and/or ace limited . ( 2 ) may also be used for locs . ( 3 ) supports ace global markets underwriting capacity for lloyd 2019s syndicate 2488 ( see discussion below ) . in november 2010 , we entered into four letter of credit facility agreements which collectively permit the issuance of up to $ 400 million of letters of credit . we expect that most of the locs issued under the loc agreements will be used to support the ongoing funds at lloyd 2019s requirements of syndicate 2488 , but locs may also be used for other general corporate purposes . it is anticipated that our commercial facilities will be renewed on expiry but such renewals are subject to the availability of credit from banks utilized by ace . in the event that such credit support is insufficient , we could be required to provide alter- native security to clients . this could take the form of additional insurance trusts supported by our investment portfolio or funds withheld using our cash resources . the value of letters of credit required is driven by , among other things , statutory liabilities reported by variable annuity guarantee reinsurance clients , loss development of existing reserves , the payment pattern of such reserves , the expansion of business , and loss experience of such business . the facilities in the table above require that we maintain certain covenants , all of which have been met at december 31 , 2010 . these covenants include : ( i ) maintenance of a minimum consolidated net worth in an amount not less than the 201cminimum amount 201d . for the purpose of this calculation , the minimum amount is an amount equal to the sum of the base amount ( currently $ 13.8 billion ) plus 25 percent of consolidated net income for each fiscal quarter , ending after the date on which the current base amount became effective , plus 50 percent of any increase in consolidated net worth during the same period , attributable to the issuance of common and preferred shares . the minimum amount is subject to an annual reset provision . ( ii ) maintenance of a maximum debt to total capitalization ratio of not greater than 0.35 to 1 . under this covenant , debt does not include trust preferred securities or mezzanine equity , except where the ratio of the sum of trust preferred securities and mezzanine equity to total capitalization is greater than 15 percent . in this circumstance , the amount greater than 15 percent would be included in the debt to total capitalization ratio . at december 31 , 2010 , ( a ) the minimum consolidated net worth requirement under the covenant described in ( i ) above was $ 14.5 billion and our actual consolidated net worth as calculated under that covenant was $ 21.6 billion and ( b ) our ratio of debt to total capitalization was 0.167 to 1 , which is below the maximum debt to total capitalization ratio of 0.35 to 1 as described in ( ii ) above . our failure to comply with the covenants under any credit facility would , subject to grace periods in the case of certain covenants , result in an event of default . this could require us to repay any outstanding borrowings or to cash collateralize locs under such facility . a failure by ace limited ( or any of its subsidiaries ) to pay an obligation due for an amount exceeding $ 50 million would result in an event of default under all of the facilities described above . ratings ace limited and its subsidiaries are assigned debt and financial strength ( insurance ) ratings from internationally recognized rating agencies , including s&p , a.m . best , moody 2019s investors service , and fitch . the ratings issued on our companies by these agencies are announced publicly and are available directly from the agencies . our internet site , www.acegroup.com .
Question: what portion of the total credit line limits is from syndicated letter of credit facility? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1860386.0 | Context:entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation . ( e ) this note does not have a stated interest rate , but has an implicit interest rate of 7.458% ( 7.458 % ) . ( f ) the fair value excludes lease obligations of $ 57 million at entergy louisiana and $ 34 million at system energy , and long-term doe obligations of $ 182 million at entergy arkansas , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2016 , for the next five years are as follows : amount ( in thousands ) .
||amount ( in thousands )|
|2017|$ 307403|
|2018|$ 828084|
|2019|$ 724899|
|2020|$ 795000|
|2021|$ 1674548|
in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle . as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement . in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy . as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated . in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through june 2018 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; .
Question: what are long term debt payments in the next three years , in thousands?\\n | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.5 | Context:estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: .
|2009|$ 14.9|
|2010|15.9|
|2011|16.2|
|2012|19.2|
|2013|21.9|
|2014 through 2018|142.2|
bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied . this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements . eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service . liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 . multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees . we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied . approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans . these plans generally provide retirement benefits to participants based on their service to contributing employers . we do not administer these multi-employer plans . in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members . we generally are not represented on the board of trustees . we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded . the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding . until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any . accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows . furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities . it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future . we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows . our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: at december 312008 what was the total liabilities acquired for this plan in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.6 | Context:net unfunded credit commitments .
|december 31 - in millions|2007|2006|
|commercial|$ 39171|$ 31009|
|consumer|10875|10495|
|commercial real estate|2734|2752|
|other|567|579|
|total|$ 53347|$ 44835|
commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions . at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies . the comparable amount at december 31 , 2006 was $ 8.3 billion . commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates . based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment . consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments . unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories . note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances . at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances . at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary . certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business . all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features . the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 . during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the change in commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007 compared to 2006 in billions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.82022 | Context:intel corporation notes to consolidated financial statements ( continued ) the aggregate fair value of awards that vested in 2015 was $ 1.5 billion ( $ 1.1 billion in 2014 and $ 1.0 billion in 2013 ) , which represents the market value of our common stock on the date that the rsus vested . the grant-date fair value of awards that vested in 2015 was $ 1.1 billion ( $ 949 million in 2014 and $ 899 million in 2013 ) . the number of rsus vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements . rsus that are expected to vest are net of estimated future forfeitures . as of december 26 , 2015 , there was $ 1.8 billion in unrecognized compensation costs related to rsus granted under our equity incentive plans . we expect to recognize those costs over a weighted average period of 1.2 years . stock option awards as of december 26 , 2015 , options outstanding that have vested and are expected to vest were as follows : number of options ( in millions ) weighted average exercise weighted average remaining contractual ( in years ) aggregate intrinsic ( in millions ) .
||number ofoptions ( in millions )|weightedaverageexerciseprice|weightedaverageremainingcontractualterm ( in years )|aggregateintrinsicvalue ( in millions )|
|vested|43.8|$ 21.07|1.8|$ 609|
|expected to vest|9.6|$ 24.07|4.1|$ 104|
|total|53.4|$ 21.61|2.2|$ 713|
aggregate intrinsic value represents the difference between the exercise price and $ 34.98 , the closing price of our common stock on december 24 , 2015 , as reported on the nasdaq global select market , for all in-the-money options outstanding . options outstanding that are expected to vest are net of estimated future option forfeitures . options with a fair value of $ 42 million completed vesting in 2015 ( $ 68 million in 2014 and $ 186 million in 2013 ) . as of december 26 , 2015 , there was $ 13 million in unrecognized compensation costs related to stock options granted under our equity incentive plans . we expect to recognize those costs over a weighted average period of approximately eight months. .
Question: as of december 26 , 2015 , what was the percent of the number of options vested to the total | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2666022.36478 | Context:part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2015 and 2014. .
|2015|high|low|
|quarter ended march 31|$ 101.88|$ 93.21|
|quarter ended june 30|98.64|91.99|
|quarter ended september 30|101.54|86.83|
|quarter ended december 31|104.12|87.23|
|2014|high|low|
|quarter ended march 31|$ 84.90|$ 78.38|
|quarter ended june 30|90.73|80.10|
|quarter ended september 30|99.90|89.05|
|quarter ended december 31|106.31|90.20|
on february 19 , 2016 , the closing price of our common stock was $ 87.32 per share as reported on the nyse . as of february 19 , 2016 , we had 423897556 outstanding shares of common stock and 159 registered holders . dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) . generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) . we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a , issued in may 2014 ( the 201cseries a preferred stock 201d ) , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) . dividends are payable quarterly in arrears , subject to declaration by our board of directors . the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will be dependent upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant . we have distributed an aggregate of approximately $ 2.3 billion to our common stockholders , including the dividend paid in january 2016 , primarily subject to taxation as ordinary income . during the year ended december 31 , 2015 , we declared the following cash distributions: .
Question: what is the average number of shares per registered holder as of february 19 , 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.67385 | Context:freesheet paper were higher in russia , but lower in europe reflecting weak economic conditions and market demand . average sales price realizations for pulp decreased . lower input costs for wood and purchased fiber were partially offset by higher costs for energy , chemicals and packaging . freight costs were also higher . planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the saillat mill while outage costs in russia and poland were lower . manufacturing operating costs were favor- entering 2013 , sales volumes in the first quarter are expected to be seasonally weaker in russia , but about flat in europe . average sales price realizations for uncoated freesheet paper are expected to decrease in europe , but increase in russia . input costs should be higher in russia , especially for wood and energy , but be slightly lower in europe . no maintenance outages are scheduled for the first quarter . ind ian papers includes the results of andhra pradesh paper mills ( appm ) of which a 75% ( 75 % ) interest was acquired on october 14 , 2011 . net sales were $ 185 million in 2012 and $ 35 million in 2011 . operat- ing profits were a loss of $ 16 million in 2012 and a loss of $ 3 million in 2011 . asian pr int ing papers net sales were $ 85 mil- lion in 2012 , $ 75 million in 2011 and $ 80 million in 2010 . operating profits were improved from break- even in past years to $ 1 million in 2012 . u.s . pulp net sales were $ 725 million in 2012 compared with $ 725 million in 2011 and $ 715 million in 2010 . operating profits were a loss of $ 59 million in 2012 compared with gains of $ 87 million in 2011 and $ 107 million in 2010 . sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the franklin mill in the third quarter of 2012 . average sales price realizations were significantly lower for both fluff pulp and market pulp . input costs were lower , primarily for wood and energy . freight costs were slightly lower . mill operating costs were unfavorable primarily due to costs associated with the start-up of the franklin mill . planned maintenance downtime costs were lower . in the first quarter of 2013 , sales volumes are expected to be flat with the fourth quarter of 2012 . average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012 . input costs should be flat . planned maintenance downtime costs should be about $ 9 million higher than in the fourth quarter of 2012 . manufacturing costs related to the franklin mill should be lower as we continue to improve operations . consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2012 decreased 15% ( 15 % ) from 2011 and 7% ( 7 % ) from 2010 . operating profits increased 64% ( 64 % ) from 2011 and 29% ( 29 % ) from 2010 . net sales and operating profits include the shorewood business in 2011 and 2010 . exclud- ing asset impairment and other charges associated with the sale of the shorewood business , and facility closure costs , 2012 operating profits were 27% ( 27 % ) lower than in 2011 , but 23% ( 23 % ) higher than in 2010 . benefits from lower raw material costs ( $ 22 million ) , lower maintenance outage costs ( $ 5 million ) and other items ( $ 2 million ) were more than offset by lower sales price realizations and an unfavorable product mix ( $ 66 million ) , lower sales volumes and increased market-related downtime ( $ 22 million ) , and higher operating costs ( $ 40 million ) . in addition , operating profits in 2012 included a gain of $ 3 million related to the sale of the shorewood business while operating profits in 2011 included a $ 129 million fixed asset impairment charge for the north ameri- can shorewood business and $ 72 million for other charges associated with the sale of the shorewood business . consumer packaging .
|in millions|2012|2011|2010|
|sales|$ 3170|$ 3710|$ 3400|
|operating profit|268|163|207|
north american consumer packaging net sales were $ 2.0 billion in 2012 compared with $ 2.5 billion in 2011 and $ 2.4 billion in 2010 . operating profits were $ 165 million ( $ 162 million excluding a gain related to the sale of the shorewood business ) in 2012 compared with $ 35 million ( $ 236 million excluding asset impairment and other charges asso- ciated with the sale of the shorewood business ) in 2011 and $ 97 million ( $ 105 million excluding facility closure costs ) in 2010 . coated paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand . average sales price realizations were lower , primar- ily for folding carton board . input costs for wood increased , but were partially offset by lower costs for chemicals and energy . planned maintenance down- time costs were slightly lower . market-related down- time was about 113000 tons in 2012 compared with about 38000 tons in 2011. .
Question: what percentage where north american consumer packaging net sales of total consumer packaging sales in 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.12371 | Context:fidelity national information services , inc . and subsidiaries notes to consolidated financial statements - ( continued ) ( a ) intrinsic value is based on a closing stock price as of december 31 , 2016 of $ 75.64 . the weighted average fair value of options granted during the years ended december 31 , 2016 , 2015 and 2014 was estimated to be $ 9.35 , $ 10.67 and $ 9.15 , respectively , using the black-scholes option pricing model with the assumptions below: .
||2016|2015|2014|
|risk free interest rate|1.2% ( 1.2 % )|1.4% ( 1.4 % )|1.4% ( 1.4 % )|
|volatility|20.4% ( 20.4 % )|21.7% ( 21.7 % )|21.2% ( 21.2 % )|
|dividend yield|1.6% ( 1.6 % )|1.6% ( 1.6 % )|1.6% ( 1.6 % )|
|weighted average expected life ( years )|4.2|4.2|4.2|
the company estimates future forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates . the company bases the risk-free interest rate that is used in the stock option valuation model on u.s . n treasury securities issued with maturities similar to the expected term of the options . the expected stock volatility factor is determined using historical daily price changes of the company's common stock over the most recent period commensurate with the expected term of the option and the impact of any expected trends . the dividend yield assumption is based on the current dividend yield at the grant tt date or management's forecasted expectations . the expected life assumption is determined by calculating the average term from the tt company's historical stock option activity and considering the impact of expected future trends . the company granted a total of 1 million restricted stock shares at prices ranging from $ 56.44 to $ 79.41 on various dates in 2016 . the company granted a total of 1 million restricted stock shares at prices ranging from $ 61.33 to $ 69.33 on various dates in 20t 15 . the company granted a total of 1 million restricted stock shares at prices ranging from $ 52.85 to $ 64.04 on various dates in 2014 . these shares were granted at the closing market price on the date of grant and vest annually over three years . as of december 31 , 2016 and 2015 , we have approximately 3 million and 4 million unvested restricted shares remaining . the december 31 , 2016 balance includes those rsu's converted in connection with the sungard acquisition as noted above . the company has provided for total stock compensation expense of $ 137 million , $ 98 million and $ 56 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , which is included in selling , general , and administrative expense in the consolidated statements of earnings , unless the expense is attributable to a discontinued operation . of the total stock compensation expense , $ 2 million for 2014 relates to liability based awards that will not be credited to additional paid in capital until issued . total d compensation expense for 2016 and 2015 did not include amounts relating to liability based awards . as of december 31 , 2016 and 2015 , the total unrecognized compensation cost related to non-vested stock awards is $ 141 million and $ 206 million , respectively , which is expected to be recognized in pre-tax income over a weighted average period of 1.4 years and 1.6 years , respectively . german pension plans our german operations have unfunded , defined benefit plan obligations . these obligations relate to benefits to be paid to germanaa employees upon retirement . the accumulated benefit obligation as of december 31 , 2016 and 2015 , was $ 49 million and $ 48 million , respectively , and the projected benefit obligation was $ 50 million and $ 49 million , respectively . the plan remains unfunded as of december 31 , 2016 . ( 15 ) divestitures and discontinued operations on december 7 , 2016 , the company entered into a definitive agreement to sell the sungard public sector and education ( "ps&e" ) businesses for $ 850 million . the transaction included all ps&e solutions , which provide a comprehensive set of technology solutions to address public safety and public administration needs of government entities as well asn the needs of k-12 school districts . the divestiture is consistent with our strategy to serve the financial services markets . we received cash proceeds , net of taxes and transaction-related expenses of approximately $ 500 million . net cash proceeds are expected to be used to reduce outstanding debt ( see note 10 ) . the ps&e businesses are included in the corporate and other segment . the transaction closed on february 1 , 2017 , resulting in an expected pre-tax gain ranging from $ 85 million to $ 90 million that will .
Question: what is the percentage increase in the fair value of of options from 2015 to 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.16284 | Context:pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . 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 . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises 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 two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . 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 ) .
|year|north america ( 1 )|europe ( 2 )|
|2009|3.0% ( 3.0 % )|1.0% ( 1.0 % )|
|2010|3.1% ( 3.1 % )|1.1% ( 1.1 % )|
|2011|3.4% ( 3.4 % )|1.1% ( 1.1 % )|
|2012|3.3% ( 3.3 % )|1.2% ( 1.2 % )|
|2013|3.4% ( 3.4 % )|1.2% ( 1.2 % )|
( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , 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 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: what is the anticipated increase to the global cruise fleet berths from 2014 - 2018 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.40678 | Context:included in selling , general and administrative expense was rent expense of $ 83.0 million , $ 59.0 million and $ 41.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively , under non-cancelable operating lease agreements . included in these amounts was contingent rent expense of $ 11.0 million , $ 11.0 million and $ 7.8 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2015 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2015 through the date of this report : ( in thousands ) .
|2016|$ 126488|
|2017|138607|
|2018|137591|
|2019|98486|
|2020|67997|
|2021 and thereafter|289374|
|total future minimum sponsorship and other payments|$ 858543|
the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . following the company 2019s announcement of the creation of a new class of common stock , referred to as the class c common stock , par value $ 0.0003 1/3 per share , four purported class action lawsuits were brought .
Question: what was the percent change in rent expense included in the the selling , general and administrative expense from 2014 to 2015 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2099.0 | Context:marathon oil corporation notes to consolidated financial statements ( f ) this sale-leaseback financing arrangement relates to a lease of a slab caster at united states steel 2019s fairfield works facility in alabama . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 , subject to additional extensions . ( g ) this obligation relates to a lease of equipment at united states steel 2019s clairton works cokemaking facility in pennsylvania . we are the primary obligor under this lease . under the financial matters agreement , united states steel has assumed responsibility for all obligations under this lease . this lease is an amortizing financing with a final maturity of 2012 . ( h ) marathon oil canada corporation had an 805 million canadian dollar revolving term credit facility which was secured by substantially all of marathon oil canada corporation 2019s assets and included certain financial covenants , including leverage and interest coverage ratios . in february 2008 , the outstanding balance was repaid and the facility was terminated . ( i ) these notes are senior secured notes of marathon oil canada corporation . the notes were secured by substantially all of marathon oil canada corporation 2019s assets . in january 2008 , we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes . ( j ) these obligations as of december 31 , 2008 include $ 126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction . the amounts currently reported are based upon the percent of construction completed as of december 31 , 2008 and therefore do not reflect future minimum lease obligations of $ 209 million . ( k ) payments of long-term debt for the years 2009 2013 2013 are $ 99 million , $ 98 million , $ 257 million , $ 1487 million and $ 279 million . of these amounts , payments assumed by united states steel are $ 15 million , $ 17 million , $ 161 million , $ 19 million and zero . ( l ) in the event of a change in control , as defined in the related agreements , debt obligations totaling $ 669 million at december 31 , 2008 , may be declared immediately due and payable . ( m ) see note 17 for information on interest rate swaps . on february 17 , 2009 , we issued $ 700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of february 15 , 2014 and $ 800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of february 15 , 2019 . interest on both issues is payable semi- annually beginning august 15 , 2009 . 21 . asset retirement obligations the following summarizes the changes in asset retirement obligations : ( in millions ) 2008 2007 .
|( in millions )|2008|2007|
|asset retirement obligations as of january 1|$ 1134|$ 1044|
|liabilities incurred including acquisitions|30|60|
|liabilities settled|-94 ( 94 )|-10 ( 10 )|
|accretion expense ( included in depreciation depletion and amortization )|66|61|
|revisions to previous estimates|24|-17 ( 17 )|
|held for sale ( a )|-195 ( 195 )|2013|
|deconsolidation of egholdings|2013|-4 ( 4 )|
|asset retirement obligations as of december 31 ( b )|$ 965|$ 1134|
asset retirement obligations as of december 31 ( b ) $ 965 $ 1134 ( a ) see note 7 for information related to our assets held for sale . ( b ) includes asset retirement obligation of $ 2 and $ 3 million classified as short-term at december 31 , 2008 , and 2007. .
Question: in millions , what was the total asset retirement obligations as of december 31 2007 and 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.01956 | Context:management 2019s discussion and analysis of financial condition and results of operations state street corporation | 90 table 30 : total deposits average balance december 31 years ended december 31 .
|( in millions )|december 31 2017|december 31 2016|december 31 2017|2016|
|client deposits|$ 180149|$ 176693|$ 158996|$ 156029|
|wholesale cds|4747|10470|4812|14456|
|total deposits|$ 184896|$ 187163|$ 163808|$ 170485|
short-term funding our on-balance sheet liquid assets are also an integral component of our liquidity management strategy . these assets provide liquidity through maturities of the assets , but more importantly , they provide us with the ability to raise funds by pledging the securities as collateral for borrowings or through outright sales . in addition , our access to the global capital markets gives us the ability to source incremental funding at reasonable rates of interest from wholesale investors . as discussed earlier under 201casset liquidity , 201d state street bank's membership in the fhlb allows for advances of liquidity with varying terms against high-quality collateral . short-term secured funding also comes in the form of securities lent or sold under agreements to repurchase . these transactions are short-term in nature , generally overnight , and are collateralized by high-quality investment securities . these balances were $ 2.84 billion and $ 4.40 billion as of december 31 , 2017 and december 31 , 2016 , respectively . state street bank currently maintains a line of credit with a financial institution of cad 1.40 billion , or approximately $ 1.11 billion as of december 31 , 2017 , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . as of december 31 , 2017 , there was no balance outstanding on this line of credit . long-term funding we have the ability to issue debt and equity securities under our current universal shelf registration to meet current commitments and business needs , including accommodating the transaction and cash management needs of our clients . in addition , state street bank , a wholly owned subsidiary of the parent company , also has authorization to issue up to $ 5 billion in unsecured senior debt and an additional $ 500 million of subordinated debt . agency credit ratings our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings as measured by the major independent credit rating agencies . factors essential to maintaining high credit ratings include : 2022 diverse and stable core earnings ; 2022 relative market position ; 2022 strong risk management ; 2022 strong capital ratios ; 2022 diverse liquidity sources , including the global capital markets and client deposits ; 2022 strong liquidity monitoring procedures ; and 2022 preparedness for current or future regulatory developments . high ratings limit borrowing costs and enhance our liquidity by : 2022 providing assurance for unsecured funding and depositors ; 2022 increasing the potential market for our debt and improving our ability to offer products ; 2022 serving markets ; and 2022 engaging in transactions in which clients value high credit ratings . a downgrade or reduction of our credit ratings could have a material adverse effect on our liquidity by restricting our ability to access the capital markets , which could increase the related cost of funds . in turn , this could cause the sudden and large-scale withdrawal of unsecured deposits by our clients , which could lead to draw-downs of unfunded commitments to extend credit or trigger requirements under securities purchase commitments ; or require additional collateral or force terminations of certain trading derivative contracts . a majority of our derivative contracts have been entered into under bilateral agreements with counterparties who may require us to post collateral or terminate the transactions based on changes in our credit ratings . we assess the impact of these arrangements by determining the collateral that would be required assuming a downgrade by all rating agencies . the additional collateral or termination payments related to our net derivative liabilities under these arrangements that could have been called by counterparties in the event of a downgrade in our credit ratings below levels specified in the agreements is disclosed in note 10 to the consolidated financial statements included under item 8 , financial statements and supplementary data , of this form 10-k . other funding sources , such as secured financing transactions and other margin requirements , for which there are no explicit triggers , could also be adversely affected. .
Question: what is the percentage change in client deposits from 2017 to 2018? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
22.0 | Context:except for long-term debt , the carrying amounts of the company 2019s other financial instruments are measured at fair value or approximate fair value due to the short-term nature of these instruments . asset retirement obligations 2014the company records all known asset retirement obligations within other current liabilities for which the liability 2019s fair value can be reasonably estimated , including certain asbestos removal , asset decommissioning and contractual lease restoration obligations . the changes in the asset retirement obligation carrying amounts during 2011 , 2010 and 2009 were as follows : ( $ in millions ) retirement obligations .
|( $ in millions )|asset retirement obligations|
|balance at january 1 2009|$ 3|
|accretion expense|0|
|payment of asset retirement obligation|0|
|balance at december 31 2009|3|
|obligation relating to the future retirement of a facility|17|
|accretion expense|0|
|payment of asset retirement obligation|0|
|balance at december 31 2010|20|
|obligation relating to the future retirement of a facility|5|
|accretion expense|0|
|payment of asset retirement obligation|0|
|balance at december 31 2011|$ 25|
the company also has known conditional asset retirement obligations related to assets currently in use , such as certain asbestos remediation and asset decommissioning activities to be performed in the future , that were not reasonably estimable as of december 31 , 2011 and 2010 , due to insufficient information about the timing and method of settlement of the obligation . accordingly , the fair value of these obligations has not been recorded in the consolidated financial statements . environmental remediation and/or asset decommissioning of the relevant facilities may be required when the company ceases to utilize these facilities . in addition , there may be conditional environmental asset retirement obligations that the company has not yet discovered . income taxes 2014income tax expense and other income tax related information contained in the financial statements for periods before the spin-off are presented as if the company filed its own tax returns on a stand-alone basis , while similar information for periods after the spin-off reflect the company 2019s positions to be filed in its own tax returns in the future . income tax expense and other related information are based on the prevailing statutory rates for u.s . federal income taxes and the composite state income tax rate for the company for each period presented . state and local income and franchise tax provisions are allocable to contracts in process and , accordingly , are included in general and administrative expenses . deferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes . deferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect . determinations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the company , and an $ 18 million valuation allowance was deemed necessary as of december 31 , 2011 . no valuation allowance was deemed necessary as of december 31 , 2010 . uncertain tax positions meeting the more-likely-than-not recognition threshold , based on the merits of the position , are recognized in the financial statements . we recognize the amount of tax benefit that is greater than 50% ( 50 % ) likely to be realized upon ultimate settlement with the related tax authority . if a tax position does not meet the minimum statutory threshold to avoid payment of penalties , we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return . penalties , if probable and reasonably estimable , are recognized as a component of income tax expense . we also recognize accrued interest related to uncertain tax positions in income tax expense . the timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes . see note 12 : income taxes . under existing gaap , changes in accruals associated with uncertainties are recorded in earnings in the period they are determined. .
Question: what was the net increase in aro during the period , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.18462 | Context:performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 81805 common stockholders of record as of january 31 , 2016 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2015 . the graph and table assume that $ 100 was invested on december 31 , 2010 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
|date|citi|s&p 500|s&p financials|
|31-dec-2010|100.00|100.00|100.00|
|30-dec-2011|55.67|102.11|82.94|
|31-dec-2012|83.81|118.45|106.84|
|31-dec-2013|110.49|156.82|144.90|
|31-dec-2014|114.83|178.28|166.93|
|31-dec-2015|110.14|180.75|164.39|
.
Question: what was the ratio of the growth of the cumulative total return for citi compared to s&p 500 in 2013 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.13257 | Context:during 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds . these awards vested in january 2015 . the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited . in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded . in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan . the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) . distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period . during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan . the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service . because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date . rsus generally vest over periods ranging from one to three years . rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant . rsus granted with market conditions are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: .
||2015|2014|2013|
|expected volatility|14.93% ( 14.93 % )|17.78% ( 17.78 % )|19.37% ( 19.37 % )|
|risk-free interest rate|1.07% ( 1.07 % )|0.75% ( 0.75 % )|0.40% ( 0.40 % )|
|expected life ( years )|3.0|3.0|3.0|
|grant date fair value per share|$ 62.10|$ 45.45|$ 40.13|
the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method . rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations . as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years . the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. .
Question: what was the rate of growth from 2013 to 2014 in the fair value per share | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
16.66667 | Context:adobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2013 . we elected to use the step 1 quantitative assessment for our three reporting units 2014digital media , digital marketing and print and publishing 2014and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2013 , 2012 or 2011 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|10|
|trademarks|8|
|acquired rights to use technology|8|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. .
Question: what is the yearly amortization rate related to purchased technology? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.08695 | Context:five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program .
|period|totalnumber ofsharespurchased[a]|averagepricepaid pershare|total number of sharespurchased as part of apublicly announcedplan orprogram|maximum number ofshares that may yetbe purchased underthe plan orprogram[b]|
|oct . 1 through oct . 31|99782|$ 128.78|-|9774279|
|nov . 1 through nov . 30|540294|124.70|528000|9246279|
|dec . 1 through dec . 31|1986078|128.53|1869800|7376479|
|total|2626154|$ 127.75|2397800|n/a|
[a] total number of shares purchased during the quarter includes 228354 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] on january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 . we may make these repurchases 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 the percent of the total number of shares purchased in the fourth quarter of 2007 that was attested to upc by employees to pay stock option exercise prices | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
27.0 | Context:investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets . the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . see note 14 2014income taxes for additional information . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net on the consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other , net on the consolidated statements of operations . afudc is provided in the following table for the years ended december 31: .
||2018|2017|2016|
|allowance for other funds used during construction|$ 24|$ 19|$ 15|
|allowance for borrowed funds used during construction|13|8|6|
environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the subsidiary to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the subsidiary agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 . remediation costs accrued amounted to $ 4 million and $ 6 million as of december 31 , 2018 and 2017 , respectively . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures . the company does not enter into derivative contracts for speculative purposes and does not use leveraged instruments . all derivatives are recognized on the balance sheet at fair value . on the date the derivative contract is entered into , the company may designate the derivative as a hedge of the fair value of a recognized asset or liability ( fair-value hedge ) or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ( cash-flow hedge ) . changes in the fair value of a fair-value hedge , along with the gain or loss on the underlying hedged item , are recorded in current-period earnings . the gains and losses on the effective portion of cash-flow hedges are recorded in other comprehensive income , until earnings are affected by the variability of cash flows . any ineffective portion of designated cash-flow hedges is recognized in current-period earnings. .
Question: what was total allowance for borrowed funds used during construction in the table? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.8 | Context:we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allow us to reduce capital and expense requirements associated with truck routing , personnel , fleet maintenance , inventories and back-office administration . operating model the goal of our operating model pillar is to deliver a consistent , high quality service to all of our customers through the republic way : one way . everywhere . every day . this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence . the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business . a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360 degree accountability and full profit and loss responsibility with general management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way . fleet automation approximately 72% ( 72 % ) 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 , decrease emissions 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 16% ( 16 % ) of our fleet operates on cng . 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 33% ( 33 % ) of our replacement vehicle purchases during 2015 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2015 , we operated 38 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the ninth largest vocational fleet in the united states . as of december 31 , 2015 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7200|7|
|small-container commercial|4400|7|
|large-container industrial|4000|9|
|total|15600|7.5|
onefleet , our standardized vehicle maintenance program , enables us to use best practices for fleet management , truck care and maintenance . through standardization of core functions , we believe we can minimize variability .
Question: as of december 31 , 2015 what was the ratio of vehicles for the residential to the large-container industrial | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.9 | Context:notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) the estimated future benefit payments expected to be paid are presented below . domestic pension plan foreign pension plans domestic postretirement benefit plan .
|years|domesticpension plan|foreignpension plans|domestic postretirementbenefit plan|
|2019|$ 14.5|$ 21.7|$ 3.0|
|2020|8.8|18.7|2.8|
|2021|8.0|19.8|2.6|
|2022|8.3|20.9|2.4|
|2023|7.8|21.8|2.2|
|2024 - 2028|36.7|117.2|9.8|
the estimated future payments for our domestic postretirement benefit plan are net of any estimated u.s . federal subsidies expected to be received under the medicare prescription drug , improvement and modernization act of 2003 , which total no more than $ 0.3 in any individual year . savings plans we sponsor defined contribution plans ( the 201csavings plans 201d ) that cover substantially all domestic employees . the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allow participants to choose among various investment alternatives . we match a portion of participant contributions based upon their years of service . amounts expensed for the savings plans for 2018 , 2017 and 2016 were $ 52.6 , $ 47.2 and $ 47.0 , respectively . expenses include a discretionary company contribution of $ 6.7 , $ 3.6 and $ 6.1 offset by participant forfeitures of $ 5.8 , $ 4.6 and $ 4.4 in 2018 , 2017 and 2016 , respectively . in addition , we maintain defined contribution plans in various foreign countries and contributed $ 51.3 , $ 47.4 and $ 44.5 to these plans in 2018 , 2017 and 2016 , respectively . deferred compensation and benefit arrangements we have deferred compensation and benefit arrangements which ( i ) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation or ( ii ) require us to contribute an amount to the participant 2019s account . these arrangements may provide participants with the amounts deferred plus interest upon attaining certain conditions , such as completing a certain number of years of service , attaining a certain age or upon retirement or termination . as of december 31 , 2018 and 2017 , the deferred compensation and deferred benefit liability balance was $ 196.2 and $ 213.2 , respectively . amounts expensed for deferred compensation and benefit arrangements in 2018 , 2017 and 2016 were $ 10.0 , $ 18.5 and $ 18.5 , respectively . we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities . as of december 31 , 2018 and 2017 , the cash surrender value of these policies was $ 177.3 and $ 177.4 , respectively . long-term disability plan we have a long-term disability plan which provides income replacement benefits to eligible participants who are unable to perform their job duties or any job related to his or her education , training or experience . as all income replacement benefits are fully insured , no related obligation is required as of december 31 , 2018 and 2017 . in addition to income replacement benefits , plan participants may remain covered for certain health and life insurance benefits up to normal retirement age , and accordingly , we have recorded an obligation of $ 5.9 and $ 8.4 as of december 31 , 2018 and 2017 , respectively. .
Question: in 2018 what was the net discretionary company contribution after the participant forfeitures | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.33046 | Context:the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2018 , 2017 , and 2016 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
||2018|2017|2016|
|balance at january 1|$ 348|$ 352|$ 364|
|additions for current year tax positions|2|2014|2|
|additions for tax positions of prior years|146|2|1|
|reductions for tax positions of prior years|( 26 )|( 5 )|( 1 )|
|settlements|2014|2014|( 13 )|
|lapse of statute of limitations|( 7 )|( 1 )|( 1 )|
|balance at december 31|$ 463|$ 348|$ 352|
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years . the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded . while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits . however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty . it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2018 . our effective tax rate and net income in any given future period could therefore be materially impacted . 22 . discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market . the disposals of sul and eletropaulo were completed in october 2016 and june 2018 , respectively . eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares to the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance . upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business . as a result , the company deconsolidated eletropaulo . after deconsolidation , the company's 17% ( 17 % ) ownership interest was reflected as an equity method investment . the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl . in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation . therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented . in june 2018 , the company completed the sale of its entire 17% ( 17 % ) ownership interest in eletropaulo through a bidding process hosted by the brazilian securities regulator , cvm . gross proceeds of $ 340 million were received at our subsidiary in brazil , subject to the payment of taxes . upon disposal of eletropaulo , the company recorded a pre-tax gain on sale of $ 243 million ( after-tax $ 199 million ) . excluding the gain on sale , eletropaulo's pre-tax loss attributable to aes was immaterial for the year ended december 31 , 2018 . eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively . prior to its classification as discontinued operations , eletropaulo was reported in the south america sbu reportable segment . sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 . the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented . upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul . prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell . however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group. .
Question: what was the percentage change of unrecognized tax benefits at year end between 2017 and 2018? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
yes | Context:apple inc . | 2018 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend-reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 29 , 2018 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 27 , 2013 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on september 27 , 2013 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2018 standard & poor 2019s , a division of s&p global . all rights reserved . copyright a9 2018 s&p dow jones indices llc , a division of s&p global . all rights reserved . september september september september september september .
||september2013|september2014|september2015|september2016|september2017|september2018|
|apple inc .|$ 100|$ 149|$ 173|$ 174|$ 242|$ 359|
|s&p 500 index|$ 100|$ 120|$ 119|$ 137|$ 163|$ 192|
|s&p information technology index|$ 100|$ 129|$ 132|$ 162|$ 209|$ 275|
|dow jones u.s . technology supersector index|$ 100|$ 130|$ 130|$ 159|$ 203|$ 266|
.
Question: did apple outperform ( earn a greater return ) than the s&p information technology index in september 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.00488 | Context:declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change . in addition , under the terms of the merger agreement , we have agreed with aetna to coordinate the declaration and payment of dividends so that our stockholders do not fail to receive a quarterly dividend around the time of the closing of the merger . on october 29 , 2015 , the board declared a cash dividend of $ 0.29 per share that was paid on january 29 , 2016 to stockholders of record on december 30 , 2015 , for an aggregate amount of $ 43 million . stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2015 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2010 , and that dividends were reinvested when paid. .
||12/31/2010|12/31/2011|12/31/2012|12/31/2013|12/31/2014|12/31/2015|
|hum|$ 100|$ 162|$ 128|$ 195|$ 274|$ 343|
|s&p 500|$ 100|$ 102|$ 118|$ 157|$ 178|$ 181|
|peer group|$ 100|$ 110|$ 129|$ 177|$ 226|$ 239|
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .
Question: what was the percent of the decline in the stock price performance for hum from 2011 to 2012 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.43919 | Context:the company endeavors to actively engage with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing four sip agreements , one of which was executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders . everest re 2019s book of assumed a&e reinsurance is relatively concentrated within a limited number of contracts and for a limited period , from 1974 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeliness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the periods indicated: .
|( dollars in millions )|years ended december 31 , 2012|years ended december 31 , 2011|years ended december 31 , 2010|
|case reserves reported by ceding companies|$ 138.4|$ 145.6|$ 135.4|
|additional case reserves established by the company ( assumed reinsurance ) ( 1 )|90.6|102.9|116.1|
|case reserves established by the company ( direct insurance )|36.7|40.6|38.9|
|incurred but not reported reserves|177.1|210.9|264.4|
|gross reserves|442.8|499.9|554.8|
|reinsurance receivable|-17.1 ( 17.1 )|-19.8 ( 19.8 )|-21.9 ( 21.9 )|
|net reserves|$ 425.7|$ 480.2|$ 532.9|
( 1 ) additional reserves are case specific reserves established by the company in excess of those reported by the ceding company , based on the company 2019s assessment of the covered loss . ( some amounts may not reconcile due to rounding. ) additional losses , including those relating to latent injuries and other exposures , which are as yet unrecognized , the type or magnitude of which cannot be foreseen by either the company or the industry , may emerge in the future . such future emergence could have material adverse effects on the company 2019s future financial condition , results of operations and cash flows. .
Question: for the year ended december 312011 what was the percent of the incurred but not reported reserves as part of the total | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.08908 | Context:instruments at fair value and to recognize the effective and ineffective portions of the cash flow hedges . ( 2 ) for the year ended december 31 , 2000 , earnings available to common stockholders includes reductions of $ 2371 of preferred stock dividends and $ 16266 for the redemption of pca 2019s 123 20448% ( 20448 % ) preferred stock . ( 3 ) on october 13 , 2003 , pca announced its intention to begin paying a quarterly cash dividend of $ 0.15 per share , or $ 0.60 per share annually , on its common stock . the first quarterly dividend of $ 0.15 per share was paid on january 15 , 2004 to shareholders of record as of december 15 , 2003 . pca did not declare any dividends on its common stock in 2000 - 2002 . ( 4 ) total long-term obligations include long-term debt , short-term debt and the current maturities of long-term debt . item 7 . management 2019s discussion and analysis of financial condition and results of operations the following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report . overview on april 12 , 1999 , pca acquired the containerboard and corrugated products business of pactiv corporation ( the 201cgroup 201d ) , formerly known as tenneco packaging inc. , a wholly owned subsidiary of tenneco , inc . the group operated prior to april 12 , 1999 as a division of pactiv , and not as a separate , stand-alone entity . from its formation in january 1999 and through the closing of the acquisition on april 12 , 1999 , pca did not have any significant operations . the april 12 , 1999 acquisition was accounted for using historical values for the contributed assets . purchase accounting was not applied because , under the applicable accounting guidance , a change of control was deemed not to have occurred as a result of the participating veto rights held by pactiv after the closing of the transactions under the terms of the stockholders agreement entered into in connection with the transactions . results of operations year ended december 31 , 2004 compared to year ended december 31 , 2003 the historical results of operations of pca for the years ended december , 31 2004 and 2003 are set forth the below : for the year ended december 31 , ( in millions ) 2004 2003 change .
|( in millions )|2004|2003|change|
|net sales|$ 1890.1|$ 1735.5|$ 154.6|
|income before interest and taxes|$ 140.5|$ 96.9|$ 43.6|
|interest expense net|-29.6 ( 29.6 )|-121.8 ( 121.8 )|92.2|
|income ( loss ) before taxes|110.9|-24.9 ( 24.9 )|135.8|
|( provision ) benefit for income taxes|-42.2 ( 42.2 )|10.5|-52.7 ( 52.7 )|
|net income ( loss )|$ 68.7|$ -14.4 ( 14.4 )|$ 83.1|
.
Question: what was the percentage change in net sales between 2003 and 2004? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.3 | Context:the increase in property operating expenses from our large market same store group is primarily the result of increases in real estate taxes of $ 3.2 million , personnel expenses of $ 1.9 million , water expenses of approximately $ 1.0 million , cable expenses of $ 0.5 million , and waste removal expenses of $ 0.2 million . the increase in property operating expenses from our secondary market same store group is primarily a result of increases in other operating expenses of $ 1.5 million , real estate taxes of $ 1.1 million , and personnel expenses of $ 1.2 million . the decrease in property operating expenses from our non-same store and other group is primarily the result of decreases in personnel expenses of $ 2.4 million and utility expenses of $ 1.7 million . depreciation and amortization the following table shows our depreciation and amortization expense by segment for the years ended december 31 , 2015 and december 31 , 2014 ( dollars in thousands ) : year ended december 31 , 2015 year ended december 31 , 2014 increase percentage increase .
||year ended december 31 2015|year ended december 31 2014|increase|percentage increase|
|large market same store|$ 168872|$ 174957|$ -6085 ( 6085 )|( 3.5 ) % ( % )|
|secondary market same store|85008|86058|-1050 ( 1050 )|( 1.2 ) % ( % )|
|same store portfolio|253880|261015|-7135 ( 7135 )|( 2.7 ) % ( % )|
|non-same store and other|40640|40797|-157 ( 157 )|( 0.4 ) % ( % )|
|total|$ 294520|$ 301812|$ -7292 ( 7292 )|( 2.4 ) % ( % )|
the decrease in depreciation and amortization expense is primarily due to a decrease of $ 19.4 million related to the amortization of the fair value of in-place leases and resident relationships acquired as a result of the merger from the year ended december 31 , 2014 to the year ended december 31 , 2015 . this decrease was partially offset by an increase in depreciation expense of $ 11.7 million driven by an increase in gross real estate assets from the year ended december 31 , 2014 to the year ended december 31 , 2015 . property management expenses property management expenses for the year ended december 31 , 2015 were approximately $ 31.0 million , a decrease of $ 1.1 million from the year ended december 31 , 2014 . the majority of the decrease was related to a decrease in state franchise taxes of $ 2.1 million , partially offset by an increase in insurance expense of $ 0.6 million , an increase in payroll expense of $ 0.3 million , and an increase in incentive expense $ 0.3 million . general and administrative expenses general and administrative expenses for the year ended december 31 , 2015 were approximately $ 25.7 million , an increase of $ 4.8 million from the year ended december 31 , 2014 . the majority of the increase was related to increases in legal fees of $ 2.7 million and stock option expenses of $ 1.6 million . merger and integration related expenses there were no merger or integration related expenses for the year ended december 31 , 2015 , as these expenses related primarily to severance , legal , professional , temporary systems , staffing , and facilities costs incurred for the acquisition and integration of colonial . for the year ended december 31 , 2014 , merger and integration related expenses were approximately $ 3.2 million and $ 8.4 million , respectively . interest expense interest expense for the year ended december 31 , 2015 was approximately $ 122.3 million , a decrease of $ 1.6 million from the year ended december 31 , 2014 . the decrease was primarily the result of a decrease in amortization of deferred financing cost from the year ended december 31 , 2014 to the year ended december 31 , 2015 of approximately $ 0.9 million . also , the overall debt balance decreased from $ 3.5 billion to $ 3.4 billion , a decrease of $ 85.1 million . the average effective interest rate remained at 3.7% ( 3.7 % ) and the average years to rate maturity increased from 4.4 years to 4.8 years . job title mid-america apartment 10-k revision 1 serial <12345678> date sunday , march 20 , 2016 job number 304352-1 type page no . 50 operator abigaels .
Question: what is the variation observed in the percentual decrease of the large market same-store and the secondary market same-store during 2014 and 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
32.0 | Context:our international networks segment also owns and operates the following regional television networks , which reached the following number of subscribers and viewers via pay and fta or broadcast networks , respectively , as of december 31 , 2017 : television service international subscribers/viewers ( millions ) .
||television service|internationalsubscribers/viewers ( millions )|
|quest|fta|66|
|dsport|fta|43|
|nordic broadcast networks ( a )|broadcast|34|
|quest red|fta|27|
|giallo|fta|25|
|frisbee|fta|25|
|focus|fta|25|
|k2|fta|25|
|nove|fta|25|
|discovery hd world|pay|17|
|dkiss|pay|15|
|shed|pay|12|
|discovery hd theater|pay|11|
|discovery history|pay|10|
|discovery civilization|pay|8|
|discovery world|pay|6|
|discovery en espanol ( u.s. )|pay|6|
|discovery familia ( u.s. )|pay|6|
|discovery historia|pay|6|
( a ) number of subscribers corresponds to the sum of the subscribers to each of the nordic broadcast networks in sweden , norway , finland and denmark subject to retransmission agreements with pay-tv providers . the nordic broadcast networks include kanal 5 , kanal 9 , and kanal 11 in sweden , tv norge , max , fem and vox in norway , tv 5 , kutonen , and frii in finland , and kanal 4 , kanal 5 , 6'eren , and canal 9 in denmark . similar to u.s . networks , a significant source of revenue for international networks relates to fees charged to operators who distribute our linear networks . such operators primarily include cable and dth satellite service providers , internet protocol television ( "iptv" ) and over-the-top operators ( "ott" ) . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in international markets results in long-term contractual distribution relationships with terms generally shorter than similar customers in the u.s . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the distributor agreements , and the market demand for the content that we provide . the other significant source of revenue for international networks relates to advertising sold on our television networks and across other distribution platforms , similar to u.s . networks . advertising revenue is dependent upon a number of factors , including the development of pay and fta television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over all media platforms . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . during 2017 , distribution , advertising and other revenues were 57% ( 57 % ) , 41% ( 41 % ) and 2% ( 2 % ) , respectively , of total net revenues for this segment . while the company has traditionally operated cable networks , in recent years an increasing portion of the company's international advertising revenue is generated by fta or broadcast networks , unlike u.s . networks . during 2017 , fta or broadcast networks generated 54% ( 54 % ) of international networks' advertising revenue and pay-tv networks generated 46% ( 46 % ) of international networks' advertising revenue . international networks' largest cost is content expense for localized programming disseminated via more than 400 unique distribution feeds . while our international networks segment maximizes the use of programming from u.s . networks , we also develop local programming that is tailored to individual market preferences and license the rights to air films , television series and sporting events from third parties . international networks amortizes the cost of capitalized content rights based on the proportion of current estimated revenues relative to the estimated remaining total lifetime revenues , which results in either an accelerated method or a straight-line method over the estimated useful lives of the content of up to five years . content acquired from u.s . networks and content developed locally airing on the same network is amortized similarly , as amortization rates vary by network . more than half of international networks' content is amortized using an accelerated amortization method , while the remainder is amortized on a straight-line basis . the costs for multi-year sports programming arrangements are expensed when the event is broadcast based on the estimated relative value of each component of the arrangement . while international networks and u.s . networks have similarities with respect to the nature of operations , the generation of revenue and the categories of expense , international networks have a lower segment margin due to lower economies of scale from being in over 220 markets requiring additional cost for localization to satisfy market variations . international networks also include sports and fta broadcast channels , which drive higher costs from sports rights and production and investment in broad entertainment programming for broadcast networks . on june 23 , 2016 , the u.k . held a referendum in which voters approved an exit from the european union ( 201ce.u . 201d ) , commonly referred to as 201cbrexit . 201d after a preliminary phase of negotiations towards the end of 2017 , the u.k . government and the e.u . will in 2018 negotiate the main principles of the u.k . 2019s future relationship with the e.u. , as well as a transitional period . brexit may have an adverse impact on advertising , subscribers , distributors and employees , as described in item 1a , risk factors , below . we continue to monitor the situation and plan for potential effects to our distribution and licensing agreements , unusual foreign currency exchange rate fluctuations , and changes to the legal and regulatory landscape . education and other education and other generated revenues of $ 158 million during 2017 , which represented 2% ( 2 % ) of our total consolidated revenues . education is comprised of curriculum-based product and service offerings and generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , digital textbooks and , to a lesser extent , student assessments and publication of hard copy curriculum-based content . other is comprised of our wholly-owned production studio , which provides services to our u.s . networks and international networks segments at cost . on february 26 , 2018 , the company announced the planned sale of a controlling equity stake in its education business in the first half of 2018 , to francisco partners for cash of $ 120 million . no loss is expected upon sale . the company will retain an equity interest . additionally , the company will have ongoing license agreements which are considered to be at fair value . as of december 31 , 2017 , the company determined that the education business did not meet the held for sale criteria , as defined in gaap as management had not committed to a plan to sell the assets . on april 28 , 2017 , the company sold raw and betty to all3media . all3media is a u.k . based television , film and digital production and distribution company . the company owns 50% ( 50 % ) of all3media and accounts for its investment in all3media under the equity method of accounting . raw and betty were components of the studios operating segment reported with education and other . on november 12 , 2015 , we paid $ 195 million to acquire 5 million shares , or approximately 3% ( 3 % ) , of lions gate entertainment corp . ( "lionsgate" ) , an entertainment company involved in the production of movies and television which is accounted for as an available-for-sale ( "afs" ) security . during 2016 , we determined that the decline in value of our investment in lionsgate is other- than-temporary in nature and , as such , the cost basis was adjusted to the fair value of the investment as of september 30 , 2016 . ( see note 4 to the accompanying consolidated financial statements. ) content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers . our content is sourced from a wide range of third-party producers , which include some of the world 2019s leading nonfiction production companies , as well as independent producers and wholly-owned production studios . our production arrangements fall into three categories : produced , coproduced and licensed . produced content includes content that we engage third parties or wholly owned production studios to develop and produce . we retain editorial control and own most or all of the rights , in exchange for paying all development and production costs . production of digital-first content such as virtual reality and short-form video is typically done through wholly-owned production studios . coproduced content refers to program rights on which we have collaborated with third parties to finance and develop either because at times world-wide rights are not available for acquisition or we save costs by collaborating with third parties . licensed content is comprised of films or .
Question: how many combined subscribers and viewers in millions do the top 2 pay distributed television services discovery hd world and dkiss have? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5.45 | Context:22 2016 annual report performance graph the following chart presents a comparison for the five-year period ended june 30 , 2016 , of the market performance of the company 2019s common stock with the s&p 500 index and an index of peer companies selected by the company : comparison of 5 year cumulative total return among jack henry & associates , inc. , the s&p 500 index , and a peer group the following information depicts a line graph with the following values: .
||2011|2012|2013|2014|2015|2016|
|jkhy|100.00|116.62|161.33|206.53|228.24|312.11|
|peer group|100.00|107.65|126.89|174.28|219.46|251.24|
|s&p 500|100.00|105.45|127.17|158.46|170.22|177.02|
this comparison assumes $ 100 was invested on june 30 , 2011 , and assumes reinvestments of dividends . total returns are calculated according to market capitalization of peer group members at the beginning of each period . peer companies selected are in the business of providing specialized computer software , hardware and related services to financial institutions and other businesses . companies in the peer group are aci worldwide , inc. , bottomline technology , inc. , broadridge financial solutions , cardtronics , inc. , convergys corp. , corelogic , inc. , dst systems , inc. , euronet worldwide , inc. , fair isaac corp. , fidelity national information services , inc. , fiserv , inc. , global payments , inc. , moneygram international , inc. , ss&c technologies holdings , inc. , total systems services , inc. , tyler technologies , inc. , verifone systems , inc. , and wex , inc. . heartland payment systems , inc . was removed from the peer group as it merged with global payments , inc . in april 2016. .
Question: what was the 2012 total return on the s&p 500? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
11.66796 | Context:jpmorgan chase & co./2010 annual report 219 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agree- ments 201d ) primarily to finance the firm 2019s inventory positions , ac- quire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable ac- counting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received or paid in connection with securities financing agreements are recorded in interest income or interest expense . the firm has elected the fair value option for certain securities financing agreements . for a further discussion of the fair value option , see note 4 on pages 187 2013189 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated bal- ance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instru- ments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agree- ments , all of which are accounted for as collateralized financings during the periods presented. .
|december 31 ( in millions )|2010|2009|
|securities purchased under resale agreements ( a )|$ 222302|$ 195328|
|securities borrowed ( b )|123587|119630|
|securities sold under repurchase agreements ( c )|$ 262722|$ 245692|
|securities loaned|10592|7835|
( a ) includes resale agreements of $ 20.3 billion and $ 20.5 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( b ) includes securities borrowed of $ 14.0 billion and $ 7.0 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . ( c ) includes repurchase agreements of $ 4.1 billion and $ 3.4 billion accounted for at fair value at december 31 , 2010 and 2009 , respectively . the amounts reported in the table above have been reduced by $ 112.7 billion and $ 121.2 billion at december 31 , 2010 and 2009 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securi- ties borrowed . the firm monitors the market value of the un- derlying securities that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and moni- tored on an ongoing basis to protect against declines in collat- eral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities bor- rowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices described above on resale and securities borrowed agreements , the firm did not hold any reserves for credit impairment on these agreements as of december 31 , 2010 and 2009 . for a further discussion of assets pledged and collateral received in securities financing agreements see note 31 on pages 280 2013 281 of this annual report. .
Question: in 2010 what was the ratio of the securities borrowed to the securities loaned | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05434 | Context:advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no . 2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired . furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test . asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted . the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years . the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method . product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 .
||december 282013|december 292012|
|inventories at fifo net|$ 2424795|$ 2182419|
|adjustments to state inventories at lifo|131762|126190|
|inventories at lifo net|$ 2556557|$ 2308609|
inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the percentage increase in inventories balance due to the adoption of lifo in 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
9.5 | Context:through the certegy merger , the company has an obligation to service $ 200 million ( aggregate principal amount ) of unsecured 4.75% ( 4.75 % ) fixed-rate notes due in 2008 . the notes were recorded in purchase accounting at a discount of $ 5.7 million , which is being amortized over the term of the notes . the notes accrue interest at a rate of 4.75% ( 4.75 % ) per year , payable semi-annually in arrears on each march 15 and september 15 . on april 11 , 2005 , fis entered into interest rate swap agreements which have effectively fixed the interest rate at approximately 5.4% ( 5.4 % ) through april 2008 on $ 350 million of the term loan facilities ( or its replacement debt ) and at approximately 5.2% ( 5.2 % ) through april 2007 on an additional $ 350 million of the term loan . the company has designated these interest rate swaps as cash flow hedges in accordance with sfas no . 133 . the estimated fair value of the cash flow hedges results in an asset to the company of $ 4.9 million and $ 5.2 million , as of december 31 , 2006 and december 31 , 2005 , respectively , which is included in the accompanying consolidated balance sheets in other noncurrent assets and as a component of accumulated other comprehensive earnings , net of deferred taxes . a portion of the amount included in accumulated other comprehensive earnings is reclassified into interest expense as a yield adjustment as interest payments are made on the term loan facilities . the company 2019s existing cash flow hedges are highly effective and there is no current impact on earnings due to hedge ineffectiveness . it is the policy of the company to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes . principal maturities at december 31 , 2006 ( and at december 31 , 2006 after giving effect to the debt refinancing completed on january 18 , 2007 ) for the next five years and thereafter are as follows ( in thousands ) : december 31 , january 18 , 2007 refinancing .
||december 31 2006|january 18 2007 refinancing|
|2007|$ 61661|$ 96161|
|2008|257541|282041|
|2009|68129|145129|
|2010|33586|215586|
|2011|941875|165455|
|thereafter|1646709|2105129|
|total|$ 3009501|$ 3009501|
fidelity national information services , inc . and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .
Question: what is the yearly interest expense associated with the certegy merger , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
215000000.0 | Context:2012 ppg annual report and form 10-k 45 costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the "2010 credit agreement" ) which was subsequently terminated in july 2012 . the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into the 2010 credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the 2010 credit agreement was set to terminate on august 5 , 2013 . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2012 and 2011 , was as follows: .
|( millions )|2012|2011|
|other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011|$ 39|$ 33|
|total|$ 39|$ 33|
ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2012 , total indebtedness was 42% ( 42 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter . the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively . the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee . both streams were discounted at a risk free rate of return . the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely . 9 . fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value . level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available . level 2 inputs are observable prices that are not quoted on active exchanges . level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities . table of contents notes to the consolidated financial statements .
Question: what is the total outstanding letters of credit , surety bonds , and guarantees? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.10824 | Context: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 .
|millions of dollars|operatingleases|capitalleases|
|2009|$ 657|$ 188|
|2010|614|168|
|2011|580|178|
|2012|465|122|
|2013|389|152|
|later years|3204|1090|
|total minimum lease payments|$ 5909|$ 1898|
|amount representing interest|n/a|628|
|present value of minimum lease payments|n/a|$ 1270|
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: as of december 312008 what was the percent of the future minimum lease payments for operating and capital leases that was due in 2009 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
no | Context: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: .
|option expiration date|2009|
|option contract volumes ( barrels per day ) :||
|put options purchased|20000|
|call options sold|15000|
|average exercise price ( dollars per barrel ) :||
|put options|$ 50.50|
|call options|$ 90.50|
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: was the average exercise price ( dollars per barrel ) of put options expiring in 2009 greater than that of call options? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-27.0 | Context:asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: .
||asbestos cases|
|as of december 31 2009|526|
|case adjustments|2|
|new cases filed|41|
|resolved cases|-70 ( 70 )|
|as of december 31 2010|499|
because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: what is the net increase in the number of asbestos cases during 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.24 | Context: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 .
|company / index|2013|2014|2015|2016|2017|2018|
|teleflex incorporated|100|124|143|177|275|288|
|s&p 500 index|100|114|115|129|157|150|
|s&p 500 healthcare equipment & supply index|100|126|134|142|186|213|
s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .
Question: what is the roi of an investment in teleflex incorporated from 2013 to 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.09488 | Context:the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements long-term debt instruments the aggregate contractual principal amount of long-term other secured financings for which the fair value option was elected exceeded the related fair value by $ 361 million and $ 362 million as of december 2016 and december 2015 , respectively . the aggregate contractual principal amount of unsecured long-term borrowings for which the fair value option was elected exceeded the related fair value by $ 1.56 billion and $ 1.12 billion as of december 2016 and december 2015 , respectively . the amounts above include both principal- and non-principal-protected long-term borrowings . impact of credit spreads on loans and lending commitments the estimated net gain attributable to changes in instrument-specific credit spreads on loans and lending commitments for which the fair value option was elected was $ 281 million for 2016 , $ 751 million for 2015 and $ 1.83 billion for 2014 , respectively . the firm generally calculates the fair value of loans and lending commitments for which the fair value option is elected by discounting future cash flows at a rate which incorporates the instrument-specific credit spreads . for floating-rate loans and lending commitments , substantially all changes in fair value are attributable to changes in instrument-specific credit spreads , whereas for fixed-rate loans and lending commitments , changes in fair value are also attributable to changes in interest rates . debt valuation adjustment the firm calculates the fair value of financial liabilities for which the fair value option is elected by discounting future cash flows at a rate which incorporates the firm 2019s credit spreads . the net dva on such financial liabilities was a loss of $ 844 million ( $ 544 million , net of tax ) for 2016 and was included in 201cdebt valuation adjustment 201d in the consolidated statements of comprehensive income . the gains/ ( losses ) reclassified to earnings from accumulated other comprehensive loss upon extinguishment of such financial liabilities were not material for 2016 . note 9 . loans receivable loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses . interest on loans receivable is recognized over the life of the loan and is recorded on an accrual basis . the table below presents details about loans receivable. .
|$ in millions|as of december 2016|as of december 2015|
|corporate loans|$ 24837|$ 20740|
|loans to private wealth management clients|13828|13961|
|loans backed by commercial real estate|4761|5271|
|loans backed by residential real estate|3865|2316|
|other loans|2890|3533|
|total loans receivable gross|50181|45821|
|allowance for loan losses|-509 ( 509 )|-414 ( 414 )|
|total loans receivable|$ 49672|$ 45407|
as of december 2016 and december 2015 , the fair value of loans receivable was $ 49.80 billion and $ 45.19 billion , respectively . as of december 2016 , had these loans been carried at fair value and included in the fair value hierarchy , $ 28.40 billion and $ 21.40 billion would have been classified in level 2 and level 3 , respectively . as of december 2015 , had these loans been carried at fair value and included in the fair value hierarchy , $ 23.91 billion and $ 21.28 billion would have been classified in level 2 and level 3 , respectively . the firm also extends lending commitments that are held for investment and accounted for on an accrual basis . as of december 2016 and december 2015 , such lending commitments were $ 98.05 billion and $ 93.92 billion , respectively . substantially all of these commitments were extended to corporate borrowers and were primarily related to the firm 2019s relationship lending activities . the carrying value and the estimated fair value of such lending commitments were liabilities of $ 327 million and $ 2.55 billion , respectively , as of december 2016 , and $ 291 million and $ 3.32 billion , respectively , as of december 2015 . as of december 2016 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.10 billion and $ 1.45 billion would have been classified in level 2 and level 3 , respectively . as of december 2015 , had these lending commitments been carried at fair value and included in the fair value hierarchy , $ 1.35 billion and $ 1.97 billion would have been classified in level 2 and level 3 , respectively . goldman sachs 2016 form 10-k 147 .
Question: what percentage of total loans receivable gross in 2016 were loans backed by commercial real estate? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-132.8 | Context: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 overall 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 . there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 . 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: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2014|$ 62.2|
|2013|195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what was the ratio of the pre-tax catastrophe losses from 2014 to 2013 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
136.0 | Context:humana inc . notes to consolidated financial statements 2014 ( continued ) 15 . stockholders 2019 equity dividends the following table provides details of dividend payments , excluding dividend equivalent rights , in 2016 , 2017 , and 2018 under our board approved quarterly cash dividend policy : payment amount per share amount ( in millions ) .
|paymentdate|amountper share|totalamount ( in millions )|
|2016|$ 1.16|$ 172|
|2017|$ 1.49|$ 216|
|2018|$ 1.90|$ 262|
on november 2 , 2018 , the board declared a cash dividend of $ 0.50 per share that was paid on january 25 , 2019 to stockholders of record on december 31 , 2018 , for an aggregate amount of $ 68 million . declaration and payment of future quarterly dividends is at the discretion of our board and may be adjusted as business needs or market conditions change . in february 2019 , the board declared a cash dividend of $ 0.55 per share payable on april 26 , 2019 to stockholders of record on march 29 , 2019 . stock repurchases our board of directors may authorize the purchase of our common shares . under our share repurchase authorization , shares may have been purchased from time to time at prevailing prices in the open market , by block purchases , through plans designed to comply with rule 10b5-1 under the securities exchange act of 1934 , as amended , or in privately-negotiated transactions ( including pursuant to accelerated share repurchase agreements with investment banks ) , subject to certain regulatory restrictions on volume , pricing , and timing . on february 14 , 2017 , our board of directors authorized the repurchase of up to $ 2.25 billion of our common shares expiring on december 31 , 2017 , exclusive of shares repurchased in connection with employee stock plans . on february 16 , 2017 , we entered into an accelerated share repurchase agreement , the february 2017 asr , with goldman , sachs & co . llc , or goldman sachs , to repurchase $ 1.5 billion of our common stock as part of the $ 2.25 billion share repurchase authorized on february 14 , 2017 . on february 22 , 2017 , we made a payment of $ 1.5 billion to goldman sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from goldman sachs based on the then current market price of humana common stock . the payment to goldman sachs was recorded as a reduction to stockholders 2019 equity , consisting of a $ 1.2 billion increase in treasury stock , which reflected the value of the initial 5.83 million shares received upon initial settlement , and a $ 300 million decrease in capital in excess of par value , which reflected the value of stock held back by goldman sachs pending final settlement of the february 2017 asr . upon settlement of the february 2017 asr on august 28 , 2017 , we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $ 224.81 , less a discount and subject to adjustments pursuant to the terms and conditions of the february 2017 asr , bringing the total shares received under this program to 6.67 million . in addition , upon settlement we reclassified the $ 300 million value of stock initially held back by goldman sachs from capital in excess of par value to treasury stock . subsequent to settlement of the february 2017 asr , we repurchased an additional 3.04 million shares in the open market , utilizing the remaining $ 750 million of the $ 2.25 billion authorization prior to expiration . on december 14 , 2017 , our board of directors authorized the repurchase of up to $ 3.0 billion of our common shares expiring on december 31 , 2020 , exclusive of shares repurchased in connection with employee stock plans. .
Question: on november 2 , 2018 , what was the amount of shares in millions used the calculation of the total dividend payout | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.72953 | Context:products and software , as well as ongoing investment in next-generation technologies , partially offset by savings from cost-reduction initiatives . reorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility . sg&a expenses decreased , primarily due to lower marketing expenses and savings from cost-reduction initiatives , partially offset by increased expenditures on information technology upgrades . as a percentage of net sales in 2007 as compared to 2006 , gross margin and operating margin decreased , and sg&a expenses and r&d expenditures increased . the segment 2019s backlog was $ 647 million at december 31 , 2007 , compared to $ 1.4 billion at december 31 , 2006 . this decrease in backlog was primarily due to a decline in customer demand driven by the segment 2019s limited product portfolio . the segment shipped 159.1 million units in 2007 , a 27% ( 27 % ) decrease compared to shipments of 217.4 million units in 2006 . the overall decrease reflects decreased unit shipments of products for all technologies . for the full year 2007 , unit shipments : ( i ) decreased substantially in asia and emea , ( ii ) decreased in north america , and ( iii ) increased in latin america . although unit shipments by the segment decreased in 2007 , total unit shipments in the worldwide handset market increased by approximately 16% ( 16 % ) . the segment estimates its worldwide market share was approximately 14% ( 14 % ) for the full year 2007 , a decrease of approximately 8 percentage points versus full year 2006 . in 2007 , asp decreased approximately 9% ( 9 % ) compared to 2006 . the overall decrease in asp was driven primarily by changes in the product-tier and geographic mix of sales . by comparison , asp decreased approximately 11% ( 11 % ) in 2006 and 10% ( 10 % ) in 2005 . the segment has several large customers located throughout the world . in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales . besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which account for approximately 33% ( 33 % ) of the segment 2019s net sales . the largest of these distributors was brightstar corporation . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and more than 54% ( 54 % ) of our segment 2019s 2007 net sales , were outside the u.s . the largest of these international markets were brazil , china and mexico . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video delivery systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 201cnetwork business 201d ) . in 2008 , the segment 2019s net sales represented 33% ( 33 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2007 and 21% ( 21 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .
|( dollars in millions )|years ended december 31 2008|years ended december 31 2007|years ended december 31 2006|years ended december 31 2008 20142007|2007 20142006|
|segment net sales|$ 10086|$ 10014|$ 9164|1% ( 1 % )|9% ( 9 % )|
|operating earnings|918|709|787|29% ( 29 % )|( 10 ) % ( % )|
segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 1% ( 1 % ) to $ 10.1 billion , compared to $ 10.0 billion in 2007 . the 1% ( 1 % ) increase in net sales primarily reflects a 16% ( 16 % ) increase in net sales in the home business , partially offset by an 11% ( 11 % ) decrease in net sales in the networks business . the 16% ( 16 % ) increase in net sales in the home business is primarily driven by a 17% ( 17 % ) increase in net sales of digital entertainment devices , reflecting a 19% ( 19 % ) increase in unit shipments to 18.0 million units , partially offset by lower asp due to product mix shift and pricing pressure . the 11% ( 11 % ) decrease in net sales in the networks business was primarily driven by : ( i ) the absence of net sales by the embedded communication computing group ( 201cecc 201d ) that was divested at the end of 2007 , and ( ii ) lower net sales of iden , gsm and cdma infrastructure equipment , partially offset by higher net sales of umts infrastructure equipment . on a geographic basis , the 1% ( 1 % ) increase in net sales was primarily driven by higher net sales in latin america and asia , partially offset by lower net sales in north america . the increase in net sales in latin america was 63management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 066000000 ***%%pcmsg|63 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Question: what was the change in percentage of consolidated net sales from 2006 to 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
373000.0 | Context:the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: .
|distribution facility location|approximate square footage|owned/leased facility|
|frankfort new york ( a )|924000|owned|
|franklin kentucky|833000|owned|
|pendleton indiana|764000|owned|
|macon georgia|684000|owned|
|waco texas|666000|owned|
|casa grande arizona|650000|owned|
|hagerstown maryland ( b )|482000|owned|
|hagerstown maryland ( b )|309000|leased|
|waverly nebraska|592000|owned|
|seguin texas ( c )|71000|owned|
|lakewood washington|64000|leased|
|longview texas ( c )|63000|owned|
longview , texas ( c ) 63000 owned ( a ) the frankfort , new york , distribution center began receiving merchandise in fourth quarter of fiscal 2018 , and is expected to begin shipping merchandise to stores in the first quarter of fiscal 2019 . ( b ) the leased distribution center in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center . ( c ) this is a mixing center designed to process certain high-volume bulk products . the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee . the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters , located in scottsdale , arizona . item 3 . legal proceedings the company is involved in various litigation matters arising in the ordinary course of business . the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable . accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows . item 4 . mine safety disclosures not applicable. .
Question: what is the total leased property square footage? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.22701 | Context:customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets . financial covenants include a maximum leverage ratio of 3.0 to 1.0 and a minimum interest coverage ratio of 3.5 to 1.0 . if we fall below an investment grade credit rating , additional restrictions would result , including restrictions on investments , payment of dividends and stock repurchases . we were in compliance with all covenants under the senior credit facility as of december 31 , 2007 . commitments under the senior credit facility are subject to certain fees , including a facility and a utilization fee . the senior credit facility is rated a- by standard & poor 2019s ratings services and is not rated by moody 2019s investors 2019 service , inc . we also have available uncommitted credit facilities totaling $ 70.4 million . management believes that cash flows from operations , together with available borrowings under the senior credit facility , are sufficient to meet our expected working capital , capital expenditure and debt service needs . should investment opportunities arise , we believe that our earnings , balance sheet and cash flows will allow us to obtain additional capital , if necessary . contractual obligations we have entered into contracts with various third parties in the normal course of business which will require future payments . the following table illustrates our contractual obligations ( in millions ) : contractual obligations total 2008 thereafter .
|contractual obligations|total|2008|2009 and 2010|2011 and 2012|2013 and thereafter|
|long-term debt|$ 104.3|$ 2013|$ 2013|$ 104.3|$ 2013|
|operating leases|134.3|35.4|50.0|28.6|20.3|
|purchase obligations|24.6|23.2|1.4|2013|2013|
|long-term income taxes payable|137.0|2013|57.7|53.9|25.4|
|other long-term liabilities|191.4|2013|47.3|17.1|127.0|
|total contractual obligations|$ 591.6|$ 58.6|$ 156.4|$ 203.9|$ 172.7|
total contractual obligations $ 591.6 $ 58.6 $ 156.4 $ 203.9 $ 172.7 critical accounting estimates our financial results are affected by the selection and application of accounting policies and methods . significant accounting policies which require management 2019s judgment are discussed below . excess inventory and instruments 2013 we must determine as of each balance sheet date how much , if any , of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost . similarly , we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply . reserves are established to effectively adjust inventory and instruments to net realizable value . to determine the appropriate level of reserves , we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components . the basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory , which is recorded at cost . obsolete or discontinued items are generally destroyed and completely written off . management evaluates the need for changes to valuation reserves based on market conditions , competitive offerings and other factors on a regular basis . income taxes fffd we estimate income tax expense and income tax liabilities and assets by taxable jurisdiction . realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits . we evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be 201cmore likely than not 201d that the deferred tax benefit will not be realized . federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s . we operate within numerous taxing jurisdictions . we are subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve . we make use of all available information and make reasoned judgments regarding matters requiring interpretation in establishing tax expense , liabilities and reserves . we believe adequate provisions exist for income taxes for all periods and jurisdictions subject to review or audit . commitments and contingencies 2013 accruals for product liability and other claims are established with internal and external legal counsel based on current information and historical settlement information for claims , related fees and for claims incurred but not reported . we use an actuarial model to assist management in determining an appropriate level of accruals for product liability claims . historical patterns of claim loss development over time are statistically analyzed to arrive at factors which are then applied to loss estimates in the actuarial model . the amounts established equate to less than 5 percent of total liabilities and represent management 2019s best estimate of the ultimate costs that we will incur under the various contingencies . goodwill and intangible assets 2013 we evaluate the carrying value of goodwill and indefinite life intangible assets annually , or whenever events or circumstances indicate the carrying value may not be recoverable . we evaluate the carrying value of finite life intangible assets whenever events or circumstances indicate the carrying value may not be recoverable . significant assumptions are required to estimate the fair value of goodwill and intangible assets , most notably estimated future cash flows generated by these assets . as such , these fair valuation measurements use significant unobservable inputs as defined under statement of financial accounting standards no . 157 , fair value measurements . changes to these assumptions could require us to record impairment charges on these assets . share-based payment 2013 we account for share-based payment expense in accordance with the fair value z i m m e r h o l d i n g s , i n c . 2 0 0 7 f o r m 1 0 - k a n n u a l r e p o r t .
Question: what percentage of total contractual obligations is operating leases? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.34454 | Context:table of contents other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2017 ( in percentages ) infraserv gmbh & co . gendorf kg ( 1 ) ................................................................................................... . 39 .
||as of december 31 2017 ( in percentages )|
|infraserv gmbh & co . gendorf kg ( 1 )|39|
|infraserv gmbh & co . hoechst kg|32|
|infraserv gmbh & co . knapsack kg ( 1 )|27|
infraserv gmbh & co . knapsack kg ( 1 ) ................................................................................................ . 27 ______________________________ ( 1 ) see note 29 - subsequent events in the accompanying consolidated financial statements for further information . research and development our business models leverage innovation and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications . research and development expense was $ 72 million , $ 78 million and $ 119 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives . intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing . patents may cover processes , equipment , products , intermediate products and product uses . we also seek to register trademarks as a means of protecting the brand names of our company and products . patents . in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes . however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce . confidential information . we maintain stringent information security policies and procedures wherever we do business . such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training . trademarks . amcel ae , aoplus ae , ateva ae , avicor ae , celanese ae , celanex ae , celcon ae , celfx ae , celstran ae , celvolit ae , clarifoil ae , dur- o-set ae , ecomid ae , ecovae ae , forflex ae , forprene ae , frianyl ae , fortron ae , ghr ae , gumfit ae , gur ae , hostaform ae , laprene ae , metalx ae , mowilith ae , mt ae , nilamid ae , nivionplast ae , nutrinova ae , nylfor ae , pibiflex ae , pibifor ae , pibiter ae , polifor ae , resyn ae , riteflex ae , slidex ae , sofprene ae , sofpur ae , sunett ae , talcoprene ae , tecnoprene ae , thermx ae , tufcor ae , vantage ae , vectra ae , vinac ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese . the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese . fortron ae is a registered trademark of fortron industries llc . hostaform ae is a registered trademark of hoechst gmbh . mowilith ae and nilamid ae are registered trademarks of celanese in most european countries . we monitor competitive developments and defend against infringements on our intellectual property rights . neither celanese nor any particular business segment is materially dependent upon any one patent , trademark , copyright or trade secret . environmental and other regulation matters pertaining to environmental and other regulations are discussed in item 1a . risk factors , as well as note 2 - summary of accounting policies , note 16 - environmental and note 24 - commitments and contingencies in the accompanying consolidated financial statements. .
Question: what was the percentage change in the research and development costs from 2015 to 2016 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4.83333 | Context:4 4 m a n a g e m e n t 2019 s d i s c u s s i o n notes to table ( continued ) ( a ) ( continued ) management believes that operating income , as adjusted , and operating margin , as adjusted , are effective indicators of blackrock 2019s financial performance over time . as such , management believes that operating income , as adjusted , and operating margin , as adjusted , provide useful disclosure to investors . operating income , as adjusted : bgi transaction and integration costs recorded in 2010 and 2009 consist principally of certain advisory payments , compensation expense , legal fees , marketing and promotional , occupancy and consulting expenses incurred in conjunction with the bgi transaction . restructuring charges recorded in 2009 and 2008 consist of compensation costs , occupancy costs and professional fees . the expenses associated with restructuring and bgi transaction and integration costs have been deemed non-recurring by management and have been excluded from operating income , as adjusted , to help enhance the comparability of this information to the current reporting periods . as such , management believes that operating margins exclusive of these costs are useful measures in evaluating blackrock 2019s operating performance for the respective periods . the portion of compensation expense associated with certain long-term incentive plans ( 201cltip 201d ) that will be funded through the distribution to participants of shares of blackrock stock held by pnc and a merrill lynch cash compensation contribution , a portion of which has been received , have been excluded because these charges ultimately do not impact blackrock 2019s book value . compensation expense associated with appreciation/ ( depreciation ) on investments related to certain blackrock deferred compensation plans has been excluded as returns on investments set aside for these plans , which substantially offset this expense , are reported in non-operating income ( expense ) . operating margin , as adjusted : operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and commissions . management believes that excluding such costs and commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact the company 2019s results until future periods . operating margin , as adjusted , allows the company to compare performance from period-to-period by adjusting for items that may not recur , recur infrequently or may fluctuate based on market movements , such as restructuring charges , transaction and integration costs , closed-end fund launch costs , commissions paid to certain employees as compensation and fluctua- tions in compensation expense based on mark-to-market movements in investments held to fund certain compensation plans . the company also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance to other companies . management uses both the gaap and non-gaap financial measures in evaluating the financial performance of blackrock . the non-gaap measure by itself may pose limitations because it does not include all of the company 2019s revenues and expenses . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes that excluding such costs is useful to blackrock because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , offset distribution fee revenue earned by the company . reimbursable property management compensation represented com- pensation and benefits paid to personnel of metric property management , inc . ( 201cmetric 201d ) , a subsidiary of blackrock realty advisors , inc . ( 201crealty 201d ) . prior to the transfer in 2008 , these employees were retained on metric 2019s payroll when certain properties were acquired by realty 2019s clients . the related compensation and benefits were fully reimbursed by realty 2019s clients and have been excluded from revenue used for operating margin , as adjusted , because they did not bear an economic cost to blackrock . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests , as adjusted : non-operating income ( expense ) , less net income ( loss ) attributable to non-controlling interests ( 201cnci 201d ) , as adjusted , equals non-operating income ( expense ) , gaap basis , less net income ( loss ) attributable to nci , gaap basis , adjusted for compensation expense associated with depreciation/ ( appreciation ) on investments related to certain blackrock deferred compensation plans . the compensation expense offset is recorded in operating income . this compensation expense has been included in non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in non-operating income ( expense ) , gaap basis. .
|( dollar amounts in millions )|yearended december 31 , 2010|yearended december 31 , 2009|yearended december 31 , 2008|
|non-operating income ( expense ) gaap basis|$ 23|$ -6 ( 6 )|$ -577 ( 577 )|
|less : net income ( loss ) attributable to nci|-13 ( 13 )|22|-155 ( 155 )|
|non-operating income ( expense ) ( 1 )|36|-28 ( 28 )|-422 ( 422 )|
|compensation expense related to ( appreciation ) /depreciation on deferred compensation plans|-11 ( 11 )|-18 ( 18 )|38|
|non-operating income ( expense ) less net income ( loss ) attributable to nci as adjusted|$ 25|$ -46 ( 46 )|$ -384 ( 384 )|
non-operating income ( expense ) ( 1 ) 36 ( 28 ) ( 422 ) compensation expense related to ( appreciation ) / depreciation on deferred compensation plans ( 11 ) ( 18 ) 38 non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted $ 25 ( $ 46 ) ( $ 384 ) ( 1 ) net of net income ( loss ) attributable to non-controlling interests . management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides for comparability of this information to prior periods and is an effective measure for reviewing blackrock 2019s non-operating contribution to its results . as compensation expense associated with ( appreciation ) /depreciation on investments related to certain deferred compensation plans , which is included in operating income , offsets the gain/ ( loss ) on the investments set aside for these plans , management believes that non-operating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides a useful measure , for both management and investors , of blackrock 2019s non-operating results that impact book value. .
Question: what is the percent change in non-operating income ( expense ) gaap basis from 2009 to 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.6511 | Context: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: .
||2008|2007|
|goodwill|$ 1167.5|$ 745.7|
|developed product technology 2014 gross|3035.4|1767.5|
|less accumulated amortization|-346.6 ( 346.6 )|-162.6 ( 162.6 )|
|developed product technology 2014 net|2688.8|1604.9|
|other intangibles 2014 gross|243.2|142.8|
|less accumulated amortization|-45.4 ( 45.4 )|-38.0 ( 38.0 )|
|other intangibles 2014 net|197.8|104.8|
|total intangibles 2014 net|$ 4054.1|$ 2455.4|
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 percent of growth or decline in the total intangibles 2014 net from 2007 to 2008 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
23443.0 | Context:synopsys , inc . notes to consolidated financial statements 2014continued purchase price allocation . the company allocated the total purchase consideration of $ 316.6 million ( including $ 4.6 million related to stock awards assumed ) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition dates , including acquired identifiable intangible assets of $ 96.7 million and ipr&d of $ 13.2 million , resulting in total goodwill of $ 210.1 million . acquisition-related costs , consisting of professional services , severance costs , contract terminations and facilities closure costs , totaling $ 13.0 million were expensed as incurred in the consolidated statements of operations . goodwill primarily resulted from the company 2019s expectation of sales growth and cost synergies from the integration of virage 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach . identifiable intangible assets consisted of technology , customer relationships , contract rights and trademarks , were valued using the income method , and are being amortized over two to ten years . fair value of stock awards assumed . the company assumed unvested restricted stock units ( rsus ) and stock appreciation rights ( sars ) with a fair value of $ 21.7 million . of the total consideration , $ 4.6 million was allocated to the purchase consideration and $ 17.1 million was allocated to future services and expensed over their remaining service periods on a straight-line basis . other fiscal 2010 acquisitions during fiscal 2010 , the company completed seven other acquisitions for cash . the company allocated the total purchase consideration of $ 221.7 million to the assets acquired and liabilities assumed based on their respective fair values at the acquisition dates , resulting in total goodwill of $ 110.8 million . acquired identifiable intangible assets totaling $ 92.8 million are being amortized over their respective useful lives ranging from one to ten years . acquisition-related costs totaling $ 10.6 million were expensed as incurred in the consolidated statements of operations . the purchase consideration for one of the acquisitions included contingent consideration up to $ 10.0 million payable upon the achievement of certain technology milestones over three years . the contingent consideration was recorded as a liability at its estimated fair value determined based on the net present value of estimated payments of $ 7.8 million on the acquisition date and is being remeasured at fair value quarterly during the three-year contingency period with changes in its fair value recorded in the company 2019s statements of operations . there is no contingent consideration liability as of the end of fiscal 2012 relating to this acquisition . note 4 . goodwill and intangible assets goodwill consists of the following: .
||( in thousands )|
|balance at october 31 2010|$ 1265843|
|additions|30717|
|other adjustments ( 1 )|-7274 ( 7274 )|
|balance at october 31 2011|$ 1289286|
|additions|687195|
|other adjustments ( 1 )|506|
|balance at october 31 2012|$ 1976987|
( 1 ) adjustments primarily relate to changes in estimates for acquisitions that closed in the prior fiscal year for which the purchase price allocation was still preliminary , and achievement of certain milestones for an acquisition that closed prior to fiscal 2010. .
Question: what was the net change in thousands of the goodwill and intangible assets balance from october 31 , 2010 to october 31 , 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.02295 | Context:2014 , 2013 and 2012 . the decrease in our consolidated net adjustments for 2014 compared to 2013 was primarily due to a decrease in profit booking rate adjustments at our aeronautics , mfc and mst business segments . the increase in our consolidated net adjustments for 2013 as compared to 2012 was primarily due to an increase in profit booking rate adjustments at our mst and mfc business segments and , to a lesser extent , the increase in the favorable resolution of contractual matters for the corporation . the consolidated net adjustments for 2014 are inclusive of approximately $ 650 million in unfavorable items , which include reserves recorded on certain training and logistics solutions programs at mst and net warranty reserve adjustments for various programs ( including jassm and gmlrs ) at mfc as described in the respective business segment 2019s results of operations below . the consolidated net adjustments for 2013 and 2012 are inclusive of approximately $ 600 million and $ 500 million in unfavorable items , which include a significant profit reduction on the f-35 development contract in both years , as well as a significant profit reduction on the c-5 program in 2013 , each as described in our aeronautics business segment 2019s results of operations discussion below . aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles and related technologies . aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , c-130 hercules , f-16 fighting falcon , f-22 raptor and the c-5m super galaxy . aeronautics 2019 operating results included the following ( in millions ) : .
||2014|2013|2012|
|net sales|$ 14920|$ 14123|$ 14953|
|operating profit|1649|1612|1699|
|operating margins|11.1% ( 11.1 % )|11.4% ( 11.4 % )|11.4% ( 11.4 % )|
|backlog at year-end|$ 27600|$ 28000|$ 30100|
2014 compared to 2013 aeronautics 2019 net sales for 2014 increased $ 797 million , or 6% ( 6 % ) , compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 790 million for f-35 production contracts due to increased volume and sustainment activities ; about $ 55 million for the f-16 program due to increased deliveries ( 17 aircraft delivered in 2014 compared to 13 delivered in 2013 ) partially offset by contract mix ; and approximately $ 45 million for the f-22 program due to increased risk retirements . the increases were partially offset by lower net sales of approximately $ 55 million for the f-35 development contract due to decreased volume , partially offset by the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; and about $ 40 million for the c-130 program due to fewer deliveries ( 24 aircraft delivered in 2014 compared to 25 delivered in 2013 ) and decreased sustainment activities , partially offset by contract mix . aeronautics 2019 operating profit for 2014 increased $ 37 million , or 2% ( 2 % ) , compared to 2013 . the increase was primarily attributable to higher operating profit of approximately $ 85 million for the f-35 development contract due to the absence in 2014 of the downward revision to the profit booking rate that occurred in 2013 ; about $ 75 million for the f-22 program due to increased risk retirements ; approximately $ 50 million for the c-130 program due to increased risk retirements and contract mix , partially offset by fewer deliveries ; and about $ 25 million for the c-5 program due to the absence in 2014 of the downward revisions to the profit booking rate that occurred in 2013 . the increases were partially offset by lower operating profit of approximately $ 130 million for the f-16 program due to decreased risk retirements , partially offset by increased deliveries ; and about $ 70 million for sustainment activities due to decreased risk retirements and volume . operating profit was comparable for f-35 production contracts as higher volume was offset by lower risk retirements . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 105 million lower for 2014 compared to 2013 . 2013 compared to 2012 aeronautics 2019 net sales for 2013 decreased $ 830 million , or 6% ( 6 % ) , compared to 2012 . the decrease was primarily attributable to lower net sales of approximately $ 530 million for the f-16 program due to fewer aircraft deliveries ( 13 aircraft delivered in 2013 compared to 37 delivered in 2012 ) partially offset by aircraft configuration mix ; about $ 385 million for the c-130 program due to fewer aircraft deliveries ( 25 aircraft delivered in 2013 compared to 34 in 2012 ) partially offset by increased sustainment activities ; approximately $ 255 million for the f-22 program , which includes about $ 205 million due to .
Question: what is the growth rate in operating profit for aeronautics in 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-47.0 | Context:notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return . as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital . as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : .
|balance at june 1 2007|$ 3760|
|additions based on tax positions related to the current year|93|
|additions for tax positions of prior years|50|
|reductions for tax positions of prior years|2014|
|settlements with taxing authorities|-190 ( 190 )|
|balance at may 31 2008|$ 3713|
as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million . we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses . during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits . we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations . we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions . in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada . with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior . we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years . we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 . note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors . under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions . as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization . no amounts were repurchased during fiscal 2007 . note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans . for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis . the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant . there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what is the net change in the balance of unrecognized tax benefits from 2007 to 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.30667 | Context:the valuation allowance as of 30 september 2016 of $ 155.2 primarily related to the tax benefit on the federal capital loss carryforward of $ 48.0 , tax benefit of foreign loss carryforwards of $ 37.7 , and capital assets of $ 58.0 that were generated from the loss recorded on the exit from the energy-from-waste business in 2016 . if events warrant the reversal of the valuation allowance , it would result in a reduction of tax expense . we believe it is more likely than not that future earnings and reversal of deferred tax liabilities will be sufficient to utilize our deferred tax assets , net of existing valuation allowance , at 30 september 2016 . the deferred tax liability associated with unremitted earnings of foreign entities decreased in part due to the dividend to repatriate cash from a foreign subsidiary in south korea . this amount was also impacted by ongoing activity including earnings , dividend payments , tax credit adjustments , and currency translation impacting the undistributed earnings of our foreign subsidiaries and corporate joint ventures which are not considered to be indefinitely reinvested outside of the u.s . we record u.s . income taxes on the undistributed earnings of our foreign subsidiaries and corporate joint ventures unless those earnings are indefinitely reinvested outside of the u.s . these cumulative undistributed earnings that are considered to be indefinitely reinvested in foreign subsidiaries and corporate joint ventures are included in retained earnings on the consolidated balance sheets and amounted to $ 6300.9 as of 30 september 2016 . an estimated $ 1467.8 in u.s . income and foreign withholding taxes would be due if these earnings were remitted as dividends after payment of all deferred taxes . a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .
|unrecognized tax benefits|2016|2015|2014|
|balance at beginning of year|$ 97.5|$ 108.7|$ 124.3|
|additions for tax positions of the current year|15.0|6.9|8.1|
|additions for tax positions of prior years|3.8|7.5|4.9|
|reductions for tax positions of prior years|-.3 ( .3 )|-7.9 ( 7.9 )|-14.6 ( 14.6 )|
|settlements|-5.6 ( 5.6 )|-.6 ( .6 )|2014|
|statute of limitations expiration|-3.0 ( 3.0 )|-11.2 ( 11.2 )|-14.0 ( 14.0 )|
|foreign currency translation|-.5 ( .5 )|-5.9 ( 5.9 )|2014|
|balance at end of year|$ 106.9|$ 97.5|$ 108.7|
at 30 september 2016 and 2015 , we had $ 106.9 and $ 97.5 of unrecognized tax benefits , excluding interest and penalties , of which $ 64.5 and $ 62.5 , respectively , would impact the effective tax rate if recognized . interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.3 in 2016 , $ ( 1.8 ) in 2015 , and $ 1.2 in 2014 . our accrued balance for interest and penalties was $ 9.8 and $ 7.5 as of 30 september 2016 and 2015 , respectively. .
Question: what is the increase observed in the accrued balance for interest and penalties during 2015 and 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.64626 | Context:augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging .
|in millions|2015|2014|2013|
|sales|$ 2940|$ 3403|$ 3435|
|operating profit ( loss )|-25 ( 25 )|178|161|
north american consumer packaging net sales were $ 1.9 billion in 2015 compared with $ 2.0 billion in 2014 and $ 2.0 billion in 2013 . operating profits were $ 81 million ( $ 91 million excluding the cost associated with the planned conversion of our riegelwood mill to 100% ( 100 % ) pulp production , net of proceeds from the sale of the carolina coated bristols brand , and sheet plant closure costs ) in 2015 compared with $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 and $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 . coated paperboard sales volumes in 2015 were lower than in 2014 reflecting weaker market demand . the business took about 77000 tons of market-related downtime in 2015 compared with about 41000 tons in 2014 . average sales price realizations increased modestly year over year as competitive pressures in the current year only partially offset the impact of sales price increases implemented in 2014 . input costs decreased for energy and chemicals , but wood costs increased . planned maintenance downtime costs were $ 10 million lower in 2015 . operating costs were higher , mainly due to inflation and overhead costs . foodservice sales volumes increased in 2015 compared with 2014 reflecting strong market demand . average sales margins increased due to lower resin costs and a more favorable mix . operating costs and distribution costs were both higher . looking ahead to the first quarter of 2016 , coated paperboard sales volumes are expected to be slightly lower than in the fourth quarter of 2015 due to our exit from the coated bristols market . average sales price realizations are expected to be flat , but margins should benefit from a more favorable product mix . input costs are expected to be higher for wood , chemicals and energy . planned maintenance downtime costs should be $ 4 million higher with a planned maintenance outage scheduled at our augusta mill in the first quarter . foodservice sales volumes are expected to be seasonally lower . average sales margins are expected to improve due to a more favorable mix . operating costs are expected to decrease . european consumer packaging net sales in 2015 were $ 319 million compared with $ 365 million in 2014 and $ 380 million in 2013 . operating profits in 2015 were $ 87 million compared with $ 91 million in 2014 and $ 100 million in 2013 . sales volumes in 2015 compared with 2014 increased in europe , but decreased in russia . average sales margins improved in russia due to slightly higher average sales price realizations and a more favorable mix . in europe average sales margins decreased reflecting lower average sales price realizations and an unfavorable mix . input costs were lower in europe , primarily for wood and energy , but were higher in russia , primarily for wood . looking forward to the first quarter of 2016 , compared with the fourth quarter of 2015 , sales volumes are expected to be stable . average sales price realizations are expected to be slightly higher in both russia and europe . input costs are expected to be flat , while operating costs are expected to increase . asian consumer packaging the company sold its 55% ( 55 % ) equity share in the ip-sun jv in october 2015 . net sales and operating profits presented below include results through september 30 , 2015 . net sales were $ 682 million in 2015 compared with $ 1.0 billion in 2014 and $ 1.1 billion in 2013 . operating profits in 2015 were a loss of $ 193 million ( a loss of $ 19 million excluding goodwill and other asset impairment costs ) compared with losses of $ 5 million in 2014 and $ 2 million in 2013 . sales volumes and average sales price realizations were lower in 2015 due to over-supplied market conditions and competitive pressures . average sales margins were also negatively impacted by a less favorable mix . input costs and freight costs were lower and operating costs also decreased . on october 13 , 2015 , the company finalized the sale of its 55% ( 55 % ) interest in ip asia coated paperboard ( ip- sun jv ) business , within the company's consumer packaging segment , to its chinese coated board joint venture partner , shandong sun holding group co. , ltd . for rmb 149 million ( approximately usd $ 23 million ) . during the third quarter of 2015 , a determination was made that the current book value of the asset group exceeded its estimated fair value of $ 23 million , which was the agreed upon selling price . the 2015 loss includes the net pre-tax impairment charge of $ 174 million ( $ 113 million after taxes ) . a pre-tax charge of $ 186 million was recorded during the third quarter in the company's consumer packaging segment to write down the long-lived assets of this business to their estimated fair value . in the fourth quarter of 2015 , upon the sale and corresponding deconsolidation of ip-sun jv from the company's consolidated balance sheet , final adjustments were made resulting in a reduction of the impairment of $ 12 million . the amount of pre-tax losses related to noncontrolling interest of the ip-sun jv included in the company's consolidated statement of operations for the years ended december 31 , 2015 , 2014 and 2013 were $ 19 million , $ 12 million and $ 8 million , respectively . the amount of pre-tax losses related to the ip-sun jv included in the company's .
Question: what percentage of consumer packaging sales where from north american consumer packaging in 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.21053 | Context:entergy corporation and subsidiaries management 2019s financial discussion and analysis imprudence by the utility operating companies in their execution of their obligations under the system agreement . see note 2 to the financial statements for discussions of this litigation . in november 2012 the utility operating companies filed amendments to the system agreement with the ferc pursuant to section 205 of the federal power act . the amendments consist primarily of the technical revisions needed to the system agreement to ( i ) allocate certain charges and credits from the miso settlement statements to the participating utility operating companies ; and ( ii ) address entergy arkansas 2019s withdrawal from the system agreement . the lpsc , mpsc , puct , and city council filed protests at the ferc regarding the amendments and other aspects of the utility operating companies 2019 future operating arrangements , including requests that the continued viability of the system agreement in miso ( among other issues ) be set for hearing by the ferc . in december 2013 the ferc issued an order accepting the revisions filed in november 2012 , subject to a further compliance filing and other conditions . entergy services made the requisite compliance filing in february 2014 and the ferc accepted the compliance filing in november 2015 . in the november 2015 order , the ferc required entergy services to file a refund report consisting of the results of the intra-system bill rerun from december 19 , 2013 through november 30 , 2015 calculating the use of an energy-based allocator to allocate losses , ancillary services charges and credits , and uplift charges and credits to load of each participating utility operating company . the filing shows the following payments and receipts among the utility operating companies : payments ( receipts ) ( in millions ) .
||payments ( receipts ) ( in millions )|
|entergy louisiana|( $ 6.3 )|
|entergy mississippi|$ 4|
|entergy new orleans|$ 0.4|
|entergy texas|$ 1.9|
in the december 2013 order , the ferc set one issue for hearing involving a settlement with union pacific regarding certain coal delivery issues . consistent with the decisions described above , entergy arkansas 2019s participation in the system agreement terminated effective december 18 , 2013 . in december 2014 a ferc alj issued an initial decision finding that entergy arkansas would realize benefits after december 18 , 2013 from the 2008 settlement agreement between entergy services , entergy arkansas , and union pacific , related to certain coal delivery issues . the alj further found that all of the utility operating companies should share in those benefits pursuant to the methodology proposed by the mpsc . the utility operating companies and other parties to the proceeding have filed briefs on exceptions and/or briefs opposing exceptions with the ferc challenging various aspects of the december 2014 initial decision and the matter is pending before the ferc . utility operating company notices of termination of system agreement participation consistent with their written notices of termination delivered in december 2005 and november 2007 , respectively , entergy arkansas and entergy mississippi filed with the ferc in february 2009 their notices of cancellation to terminate their participation in the system agreement , effective december 18 , 2013 and november 7 , 2015 , respectively . in november 2009 the ferc accepted the notices of cancellation and determined that entergy arkansas and entergy mississippi are permitted to withdraw from the system agreement following the 96-month notice period without payment of a fee or the requirement to otherwise compensate the remaining utility operating companies as a result of withdrawal . appeals by the lpsc and the city council were denied in 2012 and 2013 . effective december 18 , 2013 , entergy arkansas ceased participating in the system agreement . effective november 7 , 2015 , entergy mississippi ceased participating in the system agreement . in keeping with their prior commitments and after a careful evaluation of the basis for and continued reasonableness of the 96-month system agreement termination notice period , the utility operating companies filed with the ferc in october 2013 to amend the system agreement changing the notice period for an operating company to .
Question: what are the payments for entergy new orleans as a percentage of payments for entergy texas? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0175 | Context:during the third quarter ended 30 june 2017 , we recognized a goodwill impairment charge of $ 145.3 and an intangible asset impairment charge of $ 16.8 associated with our lasa reporting unit . refer to note 11 , goodwill , and note 12 , intangible assets , for more information related to these charges and the associated fair value measurement methods and significant inputs/assumptions , which were classified as level 3 since unobservable inputs were utilized in the fair value measurements . 16 . debt the tables below summarize our outstanding debt at 30 september 2019 and 2018 : total debt .
|30 september|2019|2018|
|short-term borrowings|$ 58.2|$ 54.3|
|current portion of long-term debt ( a ) ( b )|40.4|406.6|
|long-term debt|2907.3|2967.4|
|long-term debt 2013 related party ( b )|320.1|384.3|
|total debt|$ 3326.0|$ 3812.6|
( a ) fiscal year 2019 includes the current portion of long-term debt owed to a related party of $ 37.8 . ( b ) refer to note 7 , acquisitions , for additional information regarding related party debt . short-term borrowings short-term borrowings consisted of bank obligations of $ 58.2 and $ 54.3 at 30 september 2019 and 2018 , respectively . the weighted average interest rate of short-term borrowings outstanding at 30 september 2019 and 2018 was 3.7% ( 3.7 % ) and 5.0% ( 5.0 % ) , respectively. .
Question: what is the short-term debt as a percent of total debt , in 2019? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.2147 | Context:2 0 0 8 a n n u a l r e p o r t stock performance graph the following graph sets forth the performance of our series a common , series b common stock , and series c common stock for the period september 18 , 2008 through december 31 , 2008 as compared with the performance of the standard and poor 2019s 500 index and a peer group index which consists of the walt disney company , time warner inc. , cbs corporation class b common stock , viacom , inc . class b common stock , news corporation class a common stock , and scripps network interactive , inc . the graph assumes $ 100 originally invested on september 18 , 2006 and that all subsequent dividends were reinvested in additional shares . september 18 , september 30 , december 31 , 2008 2008 2008 .
||september 18 2008|september 30 2008|december 31 2008|
|disca|$ 100.00|$ 103.19|$ 102.53|
|discb|$ 100.00|$ 105.54|$ 78.53|
|disck|$ 100.00|$ 88.50|$ 83.69|
|s&p 500|$ 100.00|$ 96.54|$ 74.86|
|peer group|$ 100.00|$ 92.67|$ 68.79|
s&p 500 peer group .
Question: what was the percentage cumulative total shareholder return on discb common stock from september 18 , 2008 to december 31 , 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-2.4 | Context:entergy corporation and subsidiaries management's financial discussion and analysis methodology of computing massachusetts state income taxes resulting from legislation passed in the third quarter 2008 , which resulted in an income tax benefit of approximately $ 18.8 million . these factors were partially offset by : income taxes recorded by entergy power generation , llc , prior to its liquidation , resulting from the redemption payments it received in connection with its investment in entergy nuclear power marketing , llc during the third quarter 2008 , which resulted in an income tax expense of approximately $ 16.1 million ; book and tax differences for utility plant items and state income taxes at the utility operating companies , including the flow-through treatment of the entergy arkansas write-offs discussed above . the effective income tax rate for 2007 was 30.7% ( 30.7 % ) . the reduction in the effective income tax rate versus the federal statutory rate of 35% ( 35 % ) in 2007 is primarily due to : a reduction in income tax expense due to a step-up in the tax basis on the indian point 2 non-qualified decommissioning trust fund resulting from restructuring of the trusts , which reduced deferred taxes on the trust fund and reduced current tax expense ; the resolution of tax audit issues involving the 2002-2003 audit cycle ; an adjustment to state income taxes for non-utility nuclear to reflect the effect of a change in the methodology of computing new york state income taxes as required by that state's taxing authority ; book and tax differences related to the allowance for equity funds used during construction ; and the amortization of investment tax credits . these factors were partially offset by book and tax differences for utility plant items and state income taxes at the utility operating companies . see note 3 to the financial statements for a reconciliation of the federal statutory rate of 35.0% ( 35.0 % ) to the effective income tax rates , and for additional discussion regarding income taxes . liquidity and capital resources this section discusses entergy's capital structure , capital spending plans and other uses of capital , sources of capital , and the cash flow activity presented in the cash flow statement . capital structure entergy's capitalization is balanced between equity and debt , as shown in the following table . the decrease in the debt to capital percentage from 2008 to 2009 is primarily the result of an increase in shareholders' equity primarily due to an increase in retained earnings , partially offset by repurchases of common stock , along with a decrease in borrowings under entergy corporation's revolving credit facility . the increase in the debt to capital percentage from 2007 to 2008 is primarily the result of additional borrowings under entergy corporation's revolving credit facility. .
||2009|2008|2007|
|net debt to net capital at the end of the year|53.5% ( 53.5 % )|55.6% ( 55.6 % )|54.7% ( 54.7 % )|
|effect of subtracting cash from debt|3.8% ( 3.8 % )|4.1% ( 4.1 % )|2.9% ( 2.9 % )|
|debt to capital at the end of the year|57.3% ( 57.3 % )|59.7% ( 59.7 % )|57.6% ( 57.6 % )|
.
Question: what is the change in percentage points in debt-to-capital ratio from 2008 to 2009? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
357.0 | Context:entergy corporation and subsidiaries management's financial discussion and analysis refer to 201cselected financial data - five-year comparison of entergy corporation and subsidiaries 201d which accompanies entergy corporation 2019s financial statements in this report for further information with respect to operating statistics . in november 2007 the board approved a plan to pursue a separation of entergy 2019s non-utility nuclear business from entergy through a spin-off of the business to entergy shareholders . in april 2010 , entergy announced that it planned to unwind the business infrastructure associated with the proposed spin-off transaction . as a result of the plan to unwind the business infrastructure , entergy recorded expenses in 2010 for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction . these costs are discussed in more detail below and throughout this section . net revenue utility following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) .
||amount ( in millions )|
|2009 net revenue|$ 4694|
|volume/weather|231|
|retail electric price|137|
|provision for regulatory proceedings|26|
|rough production cost equalization|19|
|ano decommissioning trust|-24 ( 24 )|
|fuel recovery|-44 ( 44 )|
|other|12|
|2010 net revenue|$ 5051|
the volume/weather variance is primarily due to an increase of 8362 gwh , or 8% ( 8 % ) , in billed electricity usage in all retail sectors , including the effect on the residential sector of colder weather in the first quarter 2010 compared to 2009 and warmer weather in the second and third quarters 2010 compared to 2009 . the industrial sector reflected strong sales growth on continuing signs of economic recovery . the improvement in this sector was primarily driven by inventory restocking and strong exports with the chemicals , refining , and miscellaneous manufacturing sectors leading the improvement . the retail electric price variance is primarily due to : increases in the formula rate plan riders at entergy gulf states louisiana effective november 2009 , january 2010 , and september 2010 , at entergy louisiana effective november 2009 , and at entergy mississippi effective july 2009 ; a base rate increase at entergy arkansas effective july 2010 ; rate actions at entergy texas , including base rate increases effective in may and august 2010 ; a formula rate plan provision of $ 16.6 million recorded in the third quarter 2009 for refunds that were made to customers in accordance with settlements approved by the lpsc ; and the recovery in 2009 by entergy arkansas of 2008 extraordinary storm costs , as approved by the apsc , which ceased in january 2010 . the recovery of storm costs is offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the proceedings referred to above. .
Question: what is the net change in amount of net revenue from 2009 to 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-128.0 | Context:movement in exit cost liabilities the movement in exit cost liabilities for pmi was as follows : ( in millions ) .
|liability balance january 1 2014|$ 308|
|charges net|391|
|cash spent|-360 ( 360 )|
|currency/other|-69 ( 69 )|
|liability balance december 31 2014|$ 270|
|charges net|68|
|cash spent|-232 ( 232 )|
|currency/other|-52 ( 52 )|
|liability balance december 31 2015|$ 54|
cash payments related to exit costs at pmi were $ 232 million , $ 360 million and $ 21 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . future cash payments for exit costs incurred to date are expected to be approximately $ 54 million , and will be substantially paid by the end of 2017 . the pre-tax asset impairment and exit costs shown above are primarily a result of the following : the netherlands on april 4 , 2014 , pmi announced the initiation by its affiliate , philip morris holland b.v . ( 201cpmh 201d ) , of consultations with employee representatives on a proposal to discontinue cigarette production at its factory located in bergen op zoom , the netherlands . pmh reached an agreement with the trade unions and their members on a social plan and ceased cigarette production on september 1 , 2014 . during 2014 , total pre-tax asset impairment and exit costs of $ 489 million were recorded for this program in the european union segment . this amount includes employee separation costs of $ 343 million , asset impairment costs of $ 139 million and other separation costs of $ 7 million . separation program charges pmi recorded other pre-tax separation program charges of $ 68 million , $ 41 million and $ 51 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . the 2015 other pre-tax separation program charges primarily related to severance costs for the organizational restructuring in the european union segment . the 2014 other pre-tax separation program charges primarily related to severance costs for factory closures in australia and canada and the restructuring of the u.s . leaf purchasing model . the 2013 pre-tax separation program charges primarily related to the restructuring of global and regional functions based in switzerland and australia . contract termination charges during 2013 , pmi recorded exit costs of $ 258 million related to the termination of distribution agreements in eastern europe , middle east & africa ( due to a new business model in egypt ) and asia . asset impairment charges during 2014 , pmi recorded other pre-tax asset impairment charges of $ 5 million related to a factory closure in canada. .
Question: what was the difference in cash payments related to exit costs at pmi from 2014 to 2015 in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1878.0 | Context:our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the past two years. .
||2008|2009|change|
|other than temporary impairments recognized|$ -91.3 ( 91.3 )|$ -36.1 ( 36.1 )|$ 55.2|
|capital gain distributions received|5.6|2.0|-3.6 ( 3.6 )|
|net gain ( loss ) realized on fund dispositions|-4.5 ( 4.5 )|7.4|11.9|
|net loss recognized on fund holdings|$ -90.2 ( 90.2 )|$ -26.7 ( 26.7 )|$ 63.5|
lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . there is no impairment of any of our mutual fund investments at december 31 , 2009 . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 and .9% ( .9 % ) lower than our present estimate of 38.0% ( 38.0 % ) for the 2010 effective tax rate . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . 2008 versus 2007 . investment advisory revenues decreased 6.3% ( 6.3 % ) , or $ 118 million , to $ 1.76 billion in 2008 as average assets under our management decreased $ 16 billion to $ 358.2 billion . the average annualized fee rate earned on our assets under management was 49.2 basis points in 2008 , down from the 50.2 basis points earned in 2007 , as lower equity market valuations resulted in a greater percentage of our assets under management being attributable to lower fee fixed income portfolios . continuing stress on the financial markets and resulting lower equity valuations as 2008 progressed resulted in lower average assets under our management , lower investment advisory fees and lower net income as compared to prior periods . net revenues decreased 5% ( 5 % ) , or $ 112 million , to $ 2.12 billion . operating expenses were $ 1.27 billion in 2008 , up 2.9% ( 2.9 % ) or $ 36 million from 2007 . net operating income for 2008 decreased $ 147.9 million , or 14.8% ( 14.8 % ) , to $ 848.5 million . higher operating expenses in 2008 and decreased market valuations during the latter half of 2008 , which lowered our assets under management and advisory revenues , resulted in our 2008 operating margin declining to 40.1% ( 40.1 % ) from 44.7% ( 44.7 % ) in 2007 . non-operating investment losses in 2008 were $ 52.3 million as compared to investment income of $ 80.4 million in 2007 . investment losses in 2008 include non-cash charges of $ 91.3 million for the other than temporary impairment of certain of the firm 2019s investments in sponsored mutual funds . net income in 2008 fell 27% ( 27 % ) or nearly $ 180 million from 2007 . diluted earnings per share , after the retrospective application of new accounting guidance effective in 2009 , decreased to $ 1.81 , down $ .59 or 24.6% ( 24.6 % ) from $ 2.40 in 2007 . a non-operating charge to recognize other than temporary impairments of our sponsored mutual fund investments reduced diluted earnings per share by $ .21 in 2008 . investment advisory revenues earned from the t . rowe price mutual funds distributed in the united states decreased 8.5% ( 8.5 % ) , or $ 114.5 million , to $ 1.24 billion . average mutual fund assets were $ 216.1 billion in 2008 , down $ 16.7 billion from 2007 . mutual fund assets at december 31 , 2008 , were $ 164.4 billion , down $ 81.6 billion from the end of 2007 . net inflows to the mutual funds during 2008 were $ 3.9 billion , including $ 1.9 billion to the money funds , $ 1.1 billion to the bond funds , and $ .9 billion to the stock funds . the value , equity index 500 , and emerging markets stock funds combined to add $ 4.1 billion , while the mid-cap growth and equity income stock funds had net redemptions of $ 2.2 billion . net fund inflows of $ 6.2 billion originated in our target-date retirement funds , which in turn invest in other t . rowe price funds . fund net inflow amounts in 2008 are presented net of $ 1.3 billion that was transferred to target-date trusts from the retirement funds during the year . decreases in market valuations and income not reinvested lowered our mutual fund assets under management by $ 85.5 billion during 2008 . investment advisory revenues earned on the other investment portfolios that we manage decreased $ 3.6 million to $ 522.2 million . average assets in these portfolios were $ 142.1 billion during 2008 , up slightly from $ 141.4 billion in 2007 . these minor changes , each less than 1% ( 1 % ) , are attributable to the timing of declining equity market valuations and cash flows among our separate account and subadvised portfolios . net inflows , primarily from institutional investors , were $ 13.2 billion during 2008 , including the $ 1.3 billion transferred from the retirement funds to target-date trusts . decreases in market valuations , net of income , lowered our assets under management in these portfolios by $ 55.3 billion during 2008 . management 2019s discussion & analysis 21 .
Question: how much were investment advisory revenues in 2007 , in millions of dollars? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.13393 | Context:jpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . this net interest income is referred to as non-markets related net interest income . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib . year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 52 . ( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 65 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
|year ended december 31 ( in millions except rates )|2017|2016|2015|
|net interest income 2013 managed basis ( a ) ( b )|$ 51410|$ 47292|$ 44620|
|less : cib markets net interest income ( c )|4630|6334|5298|
|net interest income excluding cib markets ( a )|$ 46780|$ 40958|$ 39322|
|average interest-earning assets|$ 2180592|$ 2101604|$ 2088242|
|less : average cib markets interest-earning assets ( c )|540835|520307|510292|
|average interest-earning assets excluding cib markets|$ 1639757|$ 1581297|$ 1577950|
|net interest yield on average interest-earning assets 2013 managed basis|2.36% ( 2.36 % )|2.25% ( 2.25 % )|2.14% ( 2.14 % )|
|net interest yield on average cib markets interest-earning assets ( c )|0.86|1.22|1.04|
|net interest yield on average interest-earning assets excluding cib markets|2.85% ( 2.85 % )|2.59% ( 2.59 % )|2.49% ( 2.49 % )|
jpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . this net interest income is referred to as non-markets related net interest income . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib . year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 52 . ( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 65 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .
Question: in 2016 what was the percent of the cib markets net interest income ( c ) as part of the total net interest income 2013 managed basis | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
8700.0 | Context:net unfunded credit commitments .
|december 31 - in millions|2007|2006|
|commercial|$ 39171|$ 31009|
|consumer|10875|10495|
|commercial real estate|2734|2752|
|other|567|579|
|total|$ 53347|$ 44835|
commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions . at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies . the comparable amount at december 31 , 2006 was $ 8.3 billion . commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates . based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment . consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments . unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories . note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances . at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances . at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary . certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business . all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features . the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 . during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments . what is this amount in 2007 in millions of dollars? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2276.0 | Context:s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .
|for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )|directamount|ceded to other companies|assumed from other companies|net amount|percentage of amount assumed to net|
|2010|$ 15780|$ 5792|$ 3516|$ 13504|26% ( 26 % )|
|2009|$ 15415|$ 5943|$ 3768|$ 13240|28% ( 28 % )|
|2008|$ 16087|$ 6144|$ 3260|$ 13203|25% ( 25 % )|
.
Question: what is the difference between the ceded and assumed amounts in 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.09148 | Context:mastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) equity awards was $ 30333 , $ 20726 and $ 19828 for the years ended december 31 , 2009 , 2008 and 2007 , respectively . the income tax benefit related to options exercised during 2009 was $ 7545 . the additional paid-in capital balance attributed to the equity awards was $ 197350 , $ 135538 and $ 114637 as of december 31 , 2009 , 2008 and 2007 , respectively . on july 18 , 2006 , the company 2019s stockholders approved the mastercard incorporated 2006 non-employee director equity compensation plan ( the 201cdirector plan 201d ) . the director plan provides for awards of deferred stock units ( 201cdsus 201d ) to each director of the company who is not a current employee of the company . there are 100 shares of class a common stock reserved for dsu awards under the director plan . during the years ended december 31 , 2009 , 2008 and 2007 , the company granted 7 dsus , 4 dsus and 8 dsus , respectively . the fair value of the dsus was based on the closing stock price on the new york stock exchange of the company 2019s class a common stock on the date of grant . the weighted average grant-date fair value of dsus granted during the years ended december 31 , 2009 , 2008 and 2007 was $ 168.18 , $ 284.92 and $ 139.27 , respectively . the dsus vested immediately upon grant and will be settled in shares of the company 2019s class a common stock on the fourth anniversary of the date of grant . accordingly , the company recorded general and administrative expense of $ 1151 , $ 1209 and $ 1051 for the dsus for the years ended december 31 , 2009 , 2008 and 2007 , respectively . the total income tax benefit recognized in the income statement for dsus was $ 410 , $ 371 and $ 413 for the years ended december 31 , 2009 , 2008 and 2007 , respectively . note 18 . commitments at december 31 , 2009 , the company had the following future minimum payments due under non-cancelable agreements : capital leases operating leases sponsorship , licensing & .
||total|capital leases|operating leases|sponsorship licensing & other|
|2010|$ 283987|$ 7260|$ 25978|$ 250749|
|2011|146147|4455|17710|123982|
|2012|108377|3221|15358|89798|
|2013|59947|36838|10281|12828|
|2014|13998|2014|8371|5627|
|thereafter|25579|2014|22859|2720|
|total|$ 638035|$ 51774|$ 100557|$ 485704|
included in the table above are capital leases with imputed interest expense of $ 7929 and a net present value of minimum lease payments of $ 43845 . in addition , at december 31 , 2009 , $ 63616 of the future minimum payments in the table above for leases , sponsorship , licensing and other agreements was accrued . consolidated rental expense for the company 2019s office space , which is recognized on a straight line basis over the life of the lease , was approximately $ 39586 , $ 42905 and $ 35614 for the years ended december 31 , 2009 , 2008 and 2007 , respectively . consolidated lease expense for automobiles , computer equipment and office equipment was $ 9137 , $ 7694 and $ 7679 for the years ended december 31 , 2009 , 2008 and 2007 , respectively . in january 2003 , mastercard purchased a building in kansas city , missouri for approximately $ 23572 . the building is a co-processing data center which replaced a back-up data center in lake success , new york . during 2003 , mastercard entered into agreements with the city of kansas city for ( i ) the sale-leaseback of the building and related equipment which totaled $ 36382 and ( ii ) the purchase of municipal bonds for the same amount .
Question: what is the percentage of operating leases among the total future minimum payments , in 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
126.0 | Context:future minimum lease commitments for office premises and equipment under non-cancelable leases , along with minimum sublease rental income to be received under non-cancelable subleases , are as follows : period rent obligations sublease rental income net rent .
|period|rent obligations|sublease rental income|net rent|
|2008|$ 323.9|$ -40.9 ( 40.9 )|$ 283.0|
|2009|300.9|-37.5 ( 37.5 )|263.4|
|2010|267.7|-31.0 ( 31.0 )|236.7|
|2011|233.7|-25.7 ( 25.7 )|208.0|
|2012|197.9|-20.2 ( 20.2 )|177.7|
|2013 and thereafter|871.0|-33.1 ( 33.1 )|837.9|
|total|$ 2195.1|$ -188.4 ( 188.4 )|$ 2006.7|
guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries ( 201cparent company guarantees 201d ) relating principally to credit facilities , guarantees of certain media payables and operating leases . the amount of such parent company guarantees was $ 327.1 and $ 327.9 as of december 31 , 2007 and 2006 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2007 , there are no material assets pledged as security for such parent company guarantees . contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity . in addition , we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries . the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity , the timing of the exercise of these rights , changes in foreign currency exchange rates and other factors . we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable . when the contingent acquisition obligations have been met and consideration is determinable and distributable , we record the fair value of this consideration as an additional cost of the acquired entity . however , we recognize deferred payments and purchases of additional interests after the effective date of purchase that are contingent upon the future employment of owners as compensation expense . compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses . this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners . the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid under the options , in the event of exercise at the earliest exercise date . all payments are contingent upon achieving projected operating performance targets and satisfying other notes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) .
Question: what is the mathematical range for the range of rent obligations from 2008-2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-256245.0 | Context:vornado realty trust72 ( 6 ) on june 21 , 2002 , one of the lenders purchased the other participant 2019s interest in the loan . at the same time , the loan was extended for one year , with certain modifications , including ( i ) making the risk of a loss due to terrorism ( as defined ) not covered by insurance recourse to the company and ( ii ) the granting of two 1-year renewal options to the company . ( 7 ) on november 25 , 2003 , the company completed an offering of $ 200000 , aggregate principal amount of 4.75% ( 4.75 % ) senior unsecured notes due december 1 , 2010 . interest on the notes is payable semi-annually on june 1st and december 1st , commencing in 2004 . the notes were priced at 99.869% ( 99.869 % ) of their face amount to yield 4.772% ( 4.772 % ) . the notes contain the same financial covenants that are in the company 2019s notes issued in june 2002 , except the maximum ratio of secured debt to total assets is now 50% ( 50 % ) ( previously 55% ( 55 % ) ) . the net proceeds of approximately $ 198500 were used primarily to repay existing mortgage debt . ( 8 ) on july 3 , 2003 , the company entered into a new $ 600000 unsecured revolving credit facility which has replaced its $ 1 billion unsecured revolving credit facility which was to mature in july 2003 . the new facility has a three-year term , a one-year extension option and bears interest at libor plus .65% ( .65 % ) . the company also has the ability under the new facility to seek up to $ 800000 of commitments during the facility 2019s term . the new facility contains financial covenants similar to the prior facility . the net carrying amount of properties collateralizing the notes and mortgages amounted to $ 4557065000 at december 31 , 2003 . as at december 31 , 2003 , the principal repayments required for the next five years and thereafter are as follows : ( amounts in thousands ) .
|year ending december 31,|amount|
|2004|$ 296184|
|2005|357171|
|2006|551539|
|2007|807784|
|2008|378841|
|thereafter|1672866|
8 . shareholders 2019 equity common shares of beneficial interest on february 25 , 2002 , the company sold 1398743 common shares based on the closing price of $ 42.96 on the nyse . the net proceeds to the company were approximately $ 56453000 . series a preferred shares of beneficial interest holders of series a preferred shares of beneficial interest are entitled to receive dividends in an amount equivalent to $ 3.25 per annum per share . these dividends are cumulative and payable quarterly in arrears . the series a preferred shares are convertible at any time at the option of their respective holders at a conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances . in addition , upon the satisfaction of certain conditions the company , at its option , may redeem the $ 3.25 series a preferred shares at a current conversion rate of 1.38504 common shares per series a preferred share , subject to adjustment in certain circumstances . at no time will the series a preferred shares be redeemable for cash . series b preferred shares of beneficial interest holders of series b preferred shares of beneficial interest are entitled to receive dividends at an annual rate of 8.5% ( 8.5 % ) of the liquidation preference , or $ 2.125 per series b preferred share per annum . these dividends are cumulative and payable quarterly in arrears . the series b preferred shares are not convertible into or exchangeable for any other property or any other securities of the company at the election of the holders . however , subject to certain limitations relating to the source of funds used in connection with any such redemption , on or after march 17 , 2004 ( or sooner under limited circumstances ) , the company , at its option , may redeem series b preferred shares at a redemption price of $ 25.00 per share , plus any accrued and unpaid dividends through the date of redemption . the series b preferred shares have no maturity date and will remain outstanding indefinitely unless redeemed by the company . on february 17 , 2004 , the company has called for the redemption of all of the outstanding series b preferred shares . the shares will be redeemed on march 17 , 2004 at the redemption price of $ 25.00 per share , aggregating $ 85000000 plus accrued dividends . the redemption amount exceeds the carrying amount by $ 2100000 , representing original issuance costs . notes to consolidated financial statements sr-176_fin_l02p53_82v1.qxd 4/8/04 2:17 pm page 72 .
Question: what was the change in principal payments due in 2006 versus 2007 in thousands? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.2 | Context:in the ordinary course of business , based on our evaluations of certain geologic trends and prospective economics , we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future . if production is not established or we take no other action to extend the terms of the leases , licenses , or concessions , undeveloped acreage listed in the table below will expire over the next three years . we plan to continue the terms of many of these licenses and concession areas or retain leases through operational or administrative actions . net undeveloped acres expiring year ended december 31 .
|( in thousands )|net undeveloped acres expiring year ended december 31 , 2015|net undeveloped acres expiring year ended december 31 , 2016|net undeveloped acres expiring year ended december 31 , 2017|
|u.s .|211|150|94|
|e.g .|36|2014|2014|
|other africa|1950|1502|1089|
|total africa|1986|1502|1089|
|other international|88|2014|2014|
|total|2285|1652|1183|
oil sands mining segment we hold a 20 percent non-operated interest in the aosp , an oil sands mining and upgrading joint venture located in alberta , canada . the joint venture produces bitumen from oil sands deposits in the athabasca region utilizing mining techniques and upgrades the bitumen to synthetic crude oils and vacuum gas oil . the aosp 2019s mining and extraction assets are located near fort mcmurray , alberta , and include the muskeg river and the jackpine mines . gross design capacity of the combined mines is 255000 ( 51000 net to our interest ) barrels of bitumen per day . the aosp operations use established processes to mine oil sands deposits from an open-pit mine , extract the bitumen and upgrade it into synthetic crude oils . ore is mined using traditional truck and shovel mining techniques . the mined ore passes through primary crushers to reduce the ore chunks in size and is then sent to rotary breakers where the ore chunks are further reduced to smaller particles . the particles are combined with hot water to create slurry . the slurry moves through the extraction process where it separates into sand , clay and bitumen-rich froth . a solvent is added to the bitumen froth to separate out the remaining solids , water and heavy asphaltenes . the solvent washes the sand and produces clean bitumen that is required for the upgrader to run efficiently . the process yields a mixture of solvent and bitumen which is then transported from the mine to the scotford upgrader via the approximately 300-mile corridor pipeline . the aosp's scotford upgrader is located at fort saskatchewan , northeast of edmonton , alberta . the bitumen is upgraded at scotford using both hydrotreating and hydroconversion processes to remove sulfur and break the heavy bitumen molecules into lighter products . blendstocks acquired from outside sources are utilized in the production of our saleable products . the upgrader produces synthetic crude oils and vacuum gas oil . the vacuum gas oil is sold to an affiliate of the operator under a long-term contract at market-related prices , and the other products are sold in the marketplace . as of december 31 , 2014 , we own or have rights to participate in developed and undeveloped leases totaling approximately 163000 gross ( 33000 net ) acres . the underlying developed leases are held for the duration of the project , with royalties payable to the province of alberta . synthetic crude oil sales volumes for 2014 averaged 50 mbbld and net-of-royalty production was 41 mbbld . in december 2013 , a jackpine mine expansion project received conditional approval from the canadian government . the project includes additional mining areas , associated processing facilities and infrastructure . the government conditions relate to wildlife , the environment and aboriginal health issues . we will evaluate the potential expansion project and government conditions after infrastructure reliability initiatives are completed . the governments of alberta and canada have agreed to partially fund quest ccs for $ 865 million canadian . in the third quarter of 2012 , the energy and resources conservation board ( "ercb" ) , alberta's primary energy regulator at that time , conditionally approved the project and the aosp partners approved proceeding to construct and operate quest ccs . government funding commenced in 2012 and continued as milestones were achieved during the development , construction and operating phases . failure of the aosp to meet certain timing , performance and operating objectives may result in repaying some of the government funding . construction and commissioning of quest ccs is expected to be completed by late 2015. .
Question: what is our percentage of our interest in the aosp 2019s mining and extraction assets located near fort mcmurray , including the muskeg river and the jackpine mines? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0 | Context:notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) assumptions can materially affect the estimate of fair value , and our results of operations could be materially impacted . there were no stock options granted during the years ended december 31 , 2015 and 2014 . the weighted-average grant-date fair value per option during the year ended december 31 , 2013 was $ 4.14 . the fair value of each option grant has been estimated with the following weighted-average assumptions. .
||year ended december 31 2013|
|expected volatility1|40.2% ( 40.2 % )|
|expected term ( years ) 2|6.9|
|risk-free interest rate3|1.3% ( 1.3 % )|
|expected dividend yield4|2.4% ( 2.4 % )|
expected volatility 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.2% ( 40.2 % ) expected term ( years ) 2 . . . . . . . . . . . . . . . . . . . . . . . . 6.9 risk-free interest rate 3 . . . . . . . . . . . . . . . . . . . . . . . . . 1.3% ( 1.3 % ) expected dividend yield 4 . . . . . . . . . . . . . . . . . . . . . . . 2.4% ( 2.4 % ) 1 the expected volatility used to estimate the fair value of stock options awarded is based on a blend of : ( i ) historical volatility of our common stock for periods equal to the expected term of our stock options and ( ii ) implied volatility of tradable forward put and call options to purchase and sell shares of our common stock . 2 the estimate of our expected term is based on the average of : ( i ) an assumption that all outstanding options are exercised upon achieving their full vesting date and ( ii ) an assumption that all outstanding options will be exercised at the midpoint between the current date ( i.e. , the date awards have ratably vested through ) and their full contractual term . in determining the estimate , we considered several factors , including the historical option exercise behavior of our employees and the terms and vesting periods of the options . 3 the risk-free interest rate is determined using the implied yield currently available for zero-coupon u.s . government issuers with a remaining term equal to the expected term of the options . 4 the expected dividend yield was calculated based on an annualized dividend of $ 0.30 per share in 2013 . stock-based compensation we grant other stock-based compensation awards such as stock-settled awards , cash-settled awards and performance- based awards ( settled in cash or shares ) to certain key employees . the number of shares or units received by an employee for performance-based awards depends on company performance against specific performance targets and could range from 0% ( 0 % ) to 300% ( 300 % ) of the target amount of shares originally granted . incentive awards are subject to certain restrictions and vesting requirements as determined by the compensation committee . the fair value of the shares on the grant date is amortized over the vesting period , which is generally three years . upon completion of the vesting period for cash-settled awards , the grantee is entitled to receive a payment in cash based on the fair market value of the corresponding number of shares of common stock . no monetary consideration is paid by a recipient for any incentive award . the fair value of cash-settled awards is adjusted each quarter based on our share price . the holders of stock-settled awards have absolute ownership interest in the underlying shares of common stock prior to vesting , which includes the right to vote and receive dividends . dividends declared on common stock are accrued during the vesting period and paid when the award vests . the holders of cash-settled and performance-based awards have no ownership interest in the underlying shares of common stock until the awards vest and the shares of common stock are issued. .
Question: how many total stock options were granted in 2014 and 2015 combined? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0779 | Context:the income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured . both the amount and the duration of the cash flows are considered from a market participant perspective . our estimates of market participant net cash flows considered historical and projected pricing , remaining developmental effort , operational performance including company- specific synergies , aftermarket retention , product life cycles , material and labor pricing , and other relevant customer , contractual and market factors . where appropriate , the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions , as well as the risk profile of the net cash flows utilized in the valuation . the adjusted future cash flows are then discounted to present value using an appropriate discount rate . projected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money . the market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets , liabilities , or a group of assets and liabilities . valuation techniques consistent with the market approach often use market multiples derived from a set of comparables . the cost approach , which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility , was used , as appropriate , for property , plant and equipment . the cost to replace a given asset reflects the estimated reproduction or replacement cost , less an allowance for loss in value due to depreciation . the purchase price allocation resulted in the recognition of $ 2.8 billion of goodwill , all of which is expected to be amortizable for tax purposes . substantially all of the goodwill was assigned to our rms business . the goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of sikorsky , costs synergies resulting from the consolidation or elimination of certain functions , and intangible assets that do not qualify for separate recognition , such as the assembled workforce of sikorsky . determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments , including the amount and timing of expected future cash flows , long-term growth rates and discount rates . the cash flows employed in the dcf analyses are based on our best estimate of future sales , earnings and cash flows after considering factors such as general market conditions , customer budgets , existing firm orders , expected future orders , contracts with suppliers , labor agreements , changes in working capital , long term business plans and recent operating performance . use of different estimates and judgments could yield different results . impact to 2015 financial results sikorsky 2019s 2015 financial results have been included in our consolidated financial results only for the period from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated financial results for the year ended december 31 , 2015 do not reflect a full year of sikorsky 2019s results . from the november 6 , 2015 acquisition date through december 31 , 2015 , sikorsky generated net sales of approximately $ 400 million and operating loss of approximately $ 45 million , inclusive of intangible amortization and adjustments required to account for the acquisition . we incurred approximately $ 38 million of non-recoverable transaction costs associated with the sikorsky acquisition in 2015 that were expensed as incurred . these costs are included in other income , net on our consolidated statements of earnings . we also incurred approximately $ 48 million in costs associated with issuing the $ 7.0 billion november 2015 notes used to repay all outstanding borrowings under the 364-day facility used to finance the acquisition . the financing costs were recorded as a reduction of debt and will be amortized to interest expense over the term of the related debt . supplemental pro forma financial information ( unaudited ) the following table presents summarized unaudited pro forma financial information as if sikorsky had been included in our financial results for the entire years in 2015 and 2014 ( in millions ) : .
||2015|2014|
|net sales|$ 45366|$ 47369|
|net earnings|3534|3475|
|basic earnings per common share|11.39|10.97|
|diluted earnings per common share|11.23|10.78|
the unaudited supplemental pro forma financial data above has been calculated after applying our accounting policies and adjusting the historical results of sikorsky with pro forma adjustments , net of tax , that assume the acquisition occurred on january 1 , 2014 . significant pro forma adjustments include the recognition of additional amortization expense related to acquired intangible assets and additional interest expense related to the short-term debt used to finance the acquisition . these .
Question: what is the net income margin for 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.47297 | Context:part ii on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval . following an extension agreement on september 17 , 2013 between the company and the syndicate of banks , the facility matures november 1 , 2017 , with a one-year extension option exercisable through october 31 , 2014 . no amounts were outstanding under this facility as of may 31 , 2014 or 2013 . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt rating were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2014 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 1 billion commercial paper program . during the year ended may 31 , 2014 , we did not issue commercial paper , and as of may 31 , 2014 , there were no outstanding borrowings under this program . we may continue to issue commercial paper or other debt securities during fiscal 2015 depending on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2014 , we had cash , cash equivalents , and short-term investments totaling $ 5.1 billion , of which $ 2.5 billion was held by our foreign subsidiaries . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations , and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2014 the average duration of our short-term investments and cash equivalents portfolio was 126 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments , and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2014 and significant endorsement contracts entered into through the date of this report are as follows: .
|description of commitment ( in millions )|description of commitment 2015|description of commitment 2016|description of commitment 2017|description of commitment 2018|description of commitment 2019|description of commitment thereafter|total|
|operating leases|$ 427|$ 399|$ 366|$ 311|$ 251|$ 1050|$ 2804|
|capital leases|36|35|1|1|1|2014|74|
|long-term debt ( 1 )|46|145|79|56|37|1488|1851|
|endorsement contracts ( 2 )|991|787|672|524|349|1381|4704|
|product purchase obligations ( 3 )|3688|2014|2014|2014|2014|2014|3688|
|other ( 4 )|309|108|78|7|3|12|517|
|total|$ 5497|$ 1474|$ 1196|$ 899|$ 641|$ 3931|$ 13638|
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2014 ( if variable ) , timing of scheduled payments , and the term of the debt obligations . ( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete and sport team endorsers of our products . actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods . actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods . in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use . it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product . the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate , and our own decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source , and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . ( 3 ) we generally order product at least four to five months in advance of sale based primarily on futures orders received from customers . the amounts listed for product purchase obligations represent agreements ( including open purchase orders ) to purchase products in the ordinary course of business that are enforceable and legally binding and that specify all significant terms . in some cases , prices are subject to change throughout the production process . the reported amounts exclude product purchase liabilities included in accounts payable on the consolidated balance sheet as of may 31 , 2014 . ( 4 ) other amounts primarily include service and marketing commitments made in the ordinary course of business . the amounts represent the minimum payments required by legally binding contracts and agreements that specify all significant terms , including open purchase orders for non-product purchases . the reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of may 31 , 2014 . nike , inc . 2014 annual report and notice of annual meeting 79 .
Question: what percentage of capital leases are due in 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
27000000.0 | Context:mw mamonal plant . approximately $ 77 million of the purchase price was allocated to goodwill and is being amortized over 32 years . the termocandelaria power plant has been included in discontinued operations in the accompanying consolidated financial statements . the table below presents supplemental unaudited pro forma operating results as if all of the acquisitions had occurred at the beginning of the periods shown ( in millions , except per share amounts ) . no pro forma operating results are provided for 2001 , because the impact would not have been material . the pro forma amounts include certain adjustments , primarily for depreciation and amortization based on the allocated purchase price and additional interest expense : year ended december 31 , 2000 .
||year ended december 31 2000|
|revenue|$ 8137|
|income before extraordinary items|833|
|net income|822|
|basic earnings per share|$ 1.67|
|diluted earnings per share|$ 1.61|
the pro forma results are based upon assumptions and estimates that the company believes are reasonable . the pro forma results do not purport to be indicative of the results that actually would have been obtained had the acquisitions occurred at the beginning of the periods shown , nor are they intended to be a projection of future results . 3 . discontinued operations effective january 1 , 2001 , the company adopted sfas no . 144 . this statement addresses financial accounting and reporting for the impairment or disposal of long-lived assets . sfas no . 144 requires a component of an entity that either has been disposed of or is classified as held for sale to be reported as discontinued operations if certain conditions are met . during the year , the company decided to exit certain of its businesses . these businesses included power direct , geoutilities , termocandelaria , ib valley and several telecommunications businesses in brazil and the u.s . the businesses were either disposed of or abandoned during the year or were classified as held for sale at december 31 , 2001 . for those businesses disposed of or abandoned , the company determined that significant adverse changes in legal factors and/or the business climate , such as unfavorable market conditions and low tariffs , negatively affected the value of these assets . the company has certain businesses that are held for sale , including termocandelaria . the company has approved and committed to a plan to sell these assets , they are available for immediate sale , and a plan has been established to locate a buyer at a reasonable fair market value price . the company believes it will sell these assets within one year and it is unlikely that significant changes will be made to the plan to sell . at december 31 , 2001 , the assets and liabilities associated with the discontinued operations are segregated on the consolidated balance sheets . a majority of the long-lived assets related to discontinued operations are for the termocandelaria competitive supply business located in colombia . the revenues associated with the discontinued operations were $ 287 million , $ 74 million and $ 7 million for the years ended december 31 , 2001 , 2000 and 1999 , respectively . the pretax losses associated with the discontinued operations were $ 58 million , $ 31 million and $ 4 million for each of the years ended december 31 , 2001 , 2000 and 1999 , respectively . the loss on disposal and impairment write-downs for those businesses held for sale , net of tax associated with the discontinued operations , was $ 145 million for the year ended december 31 , 2001. .
Question: disco losses improved by how much in 2001? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
8953.33333 | Context:$ 15 million for fire control programs due to increased deliveries ( primarily apache ) , partially offset by lower risk retirements ( primarily sniper ae ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 95 million lower for 2014 compared to 2013 . backlog backlog increased in 2015 compared to 2014 primarily due to higher orders on pac-3 , lantirn/sniper and certain tactical missile programs , partially offset by lower orders on thaad . backlog decreased in 2014 compared to 2013 primarily due to lower orders on thaad and fire control systems programs , partially offset by higher orders on certain tactical missile programs and pac-3 . trends we expect mfc 2019s net sales to be flat or experience a slight decline in 2016 as compared to 2015 . operating profit is expected to decrease by approximately 20 percent , driven by contract mix and fewer risk retirements in 2016 compared to 2015 . accordingly , operating profit margin is expected to decline from 2015 levels . mission systems and training as previously described , on november 6 , 2015 , we acquired sikorsky and aligned the sikorsky business under our mst business segment . the results of the acquired sikorsky business have been included in our financial results from the november 6 , 2015 acquisition date through december 31 , 2015 . as a result , our consolidated operating results and mst business segment operating results for the year ended december 31 , 2015 do not reflect a full year of sikorsky operations . our mst business segment provides design , manufacture , service and support for a variety of military and civil helicopters , ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; the littoral combat ship ( lcs ) ; simulation and training services ; and unmanned systems and technologies . in addition , mst supports the needs of customers in cybersecurity and delivers communication and command and control capabilities through complex mission solutions for defense applications . mst 2019s major programs include black hawk and seahawk helicopters , aegis combat system ( aegis ) , lcs , space fence , advanced hawkeye radar system , and tpq-53 radar system . mst 2019s operating results included the following ( in millions ) : .
||2015|2014|2013|
|net sales|$ 9091|$ 8732|$ 9037|
|operating profit|844|936|1065|
|operating margins|9.3% ( 9.3 % )|10.7% ( 10.7 % )|11.8% ( 11.8 % )|
|backlog at year-end|$ 30100|$ 13300|$ 12600|
2015 compared to 2014 mst 2019s net sales in 2015 increased $ 359 million , or 4% ( 4 % ) , compared to 2014 . the increase was attributable to net sales of approximately $ 400 million from sikorsky , net of adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 220 million for integrated warfare systems and sensors programs , primarily due to the ramp-up of recently awarded programs ( space fence ) . these increases were partially offset by lower net sales of approximately $ 150 million for undersea systems programs due to decreased volume as a result of in-theater force reductions ( primarily persistent threat detection system ) ; and approximately $ 105 million for ship and aviation systems programs primarily due to decreased volume ( merlin capability sustainment program ) . mst 2019s operating profit in 2015 decreased $ 92 million , or 10% ( 10 % ) , compared to 2014 . operating profit decreased by approximately $ 75 million due to performance matters on an international program ; approximately $ 45 million for sikorsky due primarily to intangible amortization and adjustments required to account for the acquisition of this business in the fourth quarter of 2015 ; and approximately $ 15 million for integrated warfare systems and sensors programs , primarily due to investments made in connection with a recently awarded next generation radar technology program , partially offset by higher risk retirements ( including halifax class modernization ) . these decreases were partially offset by approximately $ 20 million in increased operating profit for training and logistics services programs , primarily due to reserves recorded on certain programs in 2014 that were not repeated in 2015 . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million lower in 2015 compared to 2014. .
Question: what were average net sales for mst in millions from 2013 to 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
6.25 | Context:item 4 . submission of matters to a vote of security holders no matters were submitted to a vote of security holders during the fourth quarter of 2005 . part ii item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our series a common stock has traded on the new york stock exchange under the symbol 2018 2018ce 2019 2019 since january 21 , 2005 . the closing sale price of our series a common stock , as reported by the new york stock exchange , on march 6 , 2006 was $ 20.98 . the following table sets forth the high and low intraday sales prices per share of our common stock , as reported by the new york stock exchange , for the periods indicated. .
|2005|pricerange high|pricerange low|
|quarterended march 312005|$ 18.65|$ 15.10|
|quarter endedjune 302005|$ 18.16|$ 13.54|
|quarter endedseptember 30 2005|$ 20.06|$ 15.88|
|quarter endeddecember 312005|$ 19.76|$ 15.58|
holders no shares of celanese 2019s series b common stock are issued and outstanding . as of march 6 , 2006 , there were 51 holders of record of our series a common stock , and one holder of record of our perpetual preferred stock . by including persons holding shares in broker accounts under street names , however , we estimate our shareholder base to be approximately 6800 as of march 6 , 2006 . dividend policy in july 2005 , our board of directors adopted a policy of declaring , subject to legally available funds , a quarterly cash dividend on each share of our common stock at an annual rate initially equal to approximately 1% ( 1 % ) of the $ 16 price per share in the initial public offering of our series a common stock ( or $ 0.16 per share ) unless our board of directors , in its sole discretion , determines otherwise , commencing the second quarter of 2005 . pursuant to this policy , the company paid the quarterly dividends of $ 0.04 per share on august 11 , 2005 , november 1 , 2005 and february 1 , 2006 . based on the number of outstanding shares of our series a common stock , the anticipated annual cash dividend is approximately $ 25 million . however , there is no assurance that sufficient cash will be available in the future to pay such dividend . further , such dividends payable to holders of our series a common stock cannot be declared or paid nor can any funds be set aside for the payment thereof , unless we have paid or set aside funds for the payment of all accumulated and unpaid dividends with respect to the shares of our preferred stock , as described below . our board of directors may , at any time , modify or revoke our dividend policy on our series a common stock . we are required under the terms of the preferred stock to pay scheduled quarterly dividends , subject to legally available funds . for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods . pursuant to this policy , the company paid the quarterly dividends of $ 0.265625 on its 4.25% ( 4.25 % ) convertible perpetual preferred stock on august 1 , 2005 , november 1 , 2005 and february 1 , 2006 . the anticipated annual cash dividend is approximately $ 10 million. .
Question: what is the anticipated cash dividend for each quarter in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.02313 | Context:proceeds from the sale of equity securities . from time to time , we raise funds through public offerings of our equity securities . in addition , we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans . for the year ended december 31 , 2004 , we received approximately $ 40.6 million in proceeds from sales of shares of our class a common stock and the common stock of atc mexico pursuant to our stock option and stock purchase plans . financing activities during the year ended december 31 , 2004 , we took several actions to increase our financial flexibility and reduce our interest costs . new credit facility . in may 2004 , we refinanced our previous credit facility with a new $ 1.1 billion senior secured credit facility . at closing , we received $ 685.5 million of net proceeds from the borrowings under the new facility , after deducting related expenses and fees , approximately $ 670.0 million of which we used to repay principal and interest under the previous credit facility . we used the remaining net proceeds of $ 15.5 million for general corporate purposes , including the repurchase of other outstanding debt securities . the new credit facility consists of the following : 2022 $ 400.0 million in undrawn revolving loan commitments , against which approximately $ 19.3 million of undrawn letters of credit were outstanding at december 31 , 2004 , maturing on february 28 , 2011 ; 2022 a $ 300.0 million term loan a , which is fully drawn , maturing on february 28 , 2011 ; and 2022 a $ 398.0 million term loan b , which is fully drawn , maturing on august 31 , 2011 . the new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding , subject to earlier maturity upon the occurrence of certain events described below , and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval . the new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets . the maturity date for term loan a and any outstanding revolving loans will be accelerated to august 15 , 2008 , and the maturity date for term loan b will be accelerated to october 31 , 2008 , if ( 1 ) on or prior to august 1 , 2008 , our 93 20448% ( 20448 % ) senior notes have not been ( a ) refinanced with parent company indebtedness having a maturity date of february 28 , 2012 or later or with loans under the new credit facility , or ( b ) repaid , prepaid , redeemed , repurchased or otherwise retired , and ( 2 ) our consolidated leverage ratio ( total parent company debt to annualized operating cash flow ) at june 30 , 2008 is greater than 4.50 to 1.00 . if this were to occur , the payments due in 2008 for term loan a and term loan b would be $ 225.0 million and $ 386.0 million , respectively . note offerings . during 2004 , we raised approximately $ 1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows ( in millions ) : debt security date of offering principal amount approximate net proceeds .
|debt security|date of offering|principal amount|approximate net proceeds|
|7.50% ( 7.50 % ) senior notes due 2012|february 2004|$ 225.0|$ 221.7|
|3.00% ( 3.00 % ) convertible notes due august 15 2012|august 2004|345.0|335.9|
|7.125% ( 7.125 % ) senior notes due 2012|october 2004|300.0|292.8|
|7.125% ( 7.125 % ) senior notes due 2012|december 2004|200.0|199.8|
|total||$ 1070.0|$ 1050.2|
2022 7.50% ( 7.50 % ) senior notes offering . in february 2004 , we sold $ 225.0 million principal amount of our 7.50% ( 7.50 % ) senior notes due 2012 through an institutional private placement . the 7.50% ( 7.50 % ) senior notes mature on may 1 , 2012 , and interest is payable semiannually in arrears on may 1 and november 1 of each year. .
Question: what was the percent of the processing fees and expenses associated with the loan facility pen in may 2004 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
38.0 | Context:uncertain tax positions the following is a reconciliation of the company's beginning and ending amount of uncertain tax positions ( in millions ) : .
||2015|2014|
|balance at january 1|$ 191|$ 164|
|additions based on tax positions related to the current year|31|31|
|additions for tax positions of prior years|53|10|
|reductions for tax positions of prior years|-18 ( 18 )|-6 ( 6 )|
|settlements|-32 ( 32 )|2014|
|business combinations|2014|5|
|lapse of statute of limitations|-5 ( 5 )|-11 ( 11 )|
|foreign currency translation|-2 ( 2 )|-2 ( 2 )|
|balance at december 31|$ 218|$ 191|
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 is the difference between the liability for uncertain tax positions as of december 31 , 2015 and the balance of the uncertain tax positions at december 31 , 2015 , ( in millions ) | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.46292 | Context:the years ended december 31 , 2008 , 2007 and 2006 , due to ineffectiveness and amounts excluded from the assessment of hedge effectiveness , was not significant . for contracts outstanding at december 31 , 2008 , we have an obligation to purchase u.s . dollars and sell euros , japanese yen , british pounds , canadian dollars , australian dollars and korean won and purchase swiss francs and sell u.s . dollars at set maturity dates ranging from january 2009 through june 2011 . the notional amounts of outstanding forward contracts entered into with third parties to purchase u.s . dollars at december 31 , 2008 were $ 1343.0 million . the notional amounts of outstanding forward contracts entered into with third parties to purchase swiss francs at december 31 , 2008 were $ 207.5 million . the fair value of outstanding derivative instruments recorded on the balance sheet at december 31 , 2008 , together with settled derivatives where the hedged item has not yet affected earnings , was a net unrealized gain of $ 32.7 million , or $ 33.0 million net of taxes , which is deferred in other comprehensive income , of which $ 16.4 million , or $ 17.9 million , net of taxes , is expected to be reclassified to earnings over the next twelve months . we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency . as a result , any foreign currency remeasurement gains/losses recognized in earnings under sfas no . 52 , 201cforeign currency translation , 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period . other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity . other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions . in 2006 we adopted sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this statement required recognition of the funded status of our benefit plans in the statement of financial position and recognition of certain deferred gains or losses in other comprehensive income . we recorded an unrealized loss of $ 35.4 million in other comprehensive income during 2006 related to the adoption of sfas 158 . the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 .
||balance at december 31 2007|other comprehensive income ( loss )|balance at december 31 2008|
|foreign currency translation|$ 368.8|$ -49.4 ( 49.4 )|$ 319.4|
|foreign currency hedges|-45.4 ( 45.4 )|78.4|33.0|
|unrealized gain/ ( loss ) on securities|-1.9 ( 1.9 )|0.6|-1.3 ( 1.3 )|
|unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions|-31.2 ( 31.2 )|-79.9 ( 79.9 )|-111.1 ( 111.1 )|
|accumulated other comprehensive income|$ 290.3|$ -50.3 ( 50.3 )|$ 240.0|
during 2008 , we reclassified an investment previously accounted for under the equity method to an available-for-sale investment as we no longer exercised significant influence over the third-party investee . the investment was marked-to- market in accordance with sfas 115 , 201caccounting for certain investments in debt and equity securities , 201d resulting in a net unrealized gain of $ 23.8 million recorded in other comprehensive income for 2008 . this unrealized gain was reclassified to the income statement when we sold this investment in 2008 for total proceeds of $ 54.9 million and a gross realized gain of $ 38.8 million included in interest and other income . the basis of these securities was determined based on the consideration paid at the time of acquisition . treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity . we may reissue common stock held in treasury only for limited purposes . accounting pronouncements 2013 in september 2006 , the fasb issued sfas no . 157 , 201cfair value measurements , 201d which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements . this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information . sfas no . 157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years . in february 2008 , the fasb issued fasb staff position ( fsp ) no . sfas 157-2 , which delays the effective date of certain provisions of sfas no . 157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 . the full adoption of sfas no . 157 is not expected to have a material impact on our consolidated financial statements or results of operations . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 046000000 ***%%pcmsg|46 |00009|yes|no|02/24/2009 19:24|0|0|page is valid , no graphics -- color : d| .
Question: what percent higher would accumulated other comprehensive income be without unrecognized losses/costs? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
381.0 | Context:the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 the total amount of unrecognized tax benefits anticipated to result in a net decrease to unrecognized tax benefits within 12 months of december 31 , 2017 is estimated to be between $ 5 million and $ 15 million , primarily relating to statute of limitation lapses and tax exam settlements . the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
|december 31,|2017|2016|2015|
|balance at january 1|$ 352|$ 364|$ 384|
|additions for current year tax positions|2014|2|2|
|additions for tax positions of prior years|2|1|12|
|reductions for tax positions of prior years|-5 ( 5 )|-1 ( 1 )|-7 ( 7 )|
|effects of foreign currency translation|2014|2014|-3 ( 3 )|
|settlements|2014|-13 ( 13 )|-17 ( 17 )|
|lapse of statute of limitations|-1 ( 1 )|-1 ( 1 )|-7 ( 7 )|
|balance at december 31|$ 348|$ 352|$ 364|
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years . the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded . while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits . however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty . it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2017 . our effective tax rate and net income in any given future period could therefore be materially impacted . 21 . discontinued operations due to a portfolio evaluation in the first half of 2016 , management decided to pursue a strategic shift of its distribution companies in brazil , sul and eletropaulo , to reduce the company's exposure to the brazilian distribution market . eletropaulo 2014 in november 2017 , eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance . upon conversion of the preferred shares into ordinary shares , aes no longer controlled eletropaulo , but maintained significant influence over the business . as a result , the company deconsolidated eletropaulo . after deconsolidation , the company's 17% ( 17 % ) ownership interest is reflected as an equity method investment . the company recorded an after-tax loss on deconsolidation of $ 611 million , which primarily consisted of $ 455 million related to cumulative translation losses and $ 243 million related to pension losses reclassified from aocl . in december 2017 , all the remaining criteria were met for eletropaulo to qualify as a discontinued operation . therefore , its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented . eletropaulo's pre-tax loss attributable to aes , including the loss on deconsolidation , for the years ended december 31 , 2017 and 2016 was $ 633 million and $ 192 million , respectively . eletropaulo's pre-tax income attributable to aes for the year ended december 31 , 2015 was $ 73 million . prior to its classification as discontinued operations , eletropaulo was reported in the brazil sbu reportable segment . sul 2014 the company executed an agreement for the sale of sul , a wholly-owned subsidiary , in june 2016 . the results of operations and financial position of sul are reported as discontinued operations in the consolidated financial statements for all periods presented . upon meeting the held-for-sale criteria , the company recognized an after-tax loss of $ 382 million comprised of a pre-tax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in sul . prior to the impairment charge , the carrying value of the sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell . however , the impairment charge was limited to the carrying value of the long lived assets of the sul disposal group . on october 31 , 2016 , the company completed the sale of sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration . upon disposal of sul , the company incurred an additional after-tax .
Question: what would the ending amount of unrecognized tax benefits for 2015 be ( in millions ) without settlements? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.15407 | Context:corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 .
|( in millions )|2016|2015|
|general and administrative expense|$ -80.9 ( 80.9 )|$ -70.1 ( 70.1 )|
|defined benefit plan income|2.9|6.1|
|defined benefit plan recognition of actuarial losses|-1.9 ( 1.9 )|-2.5 ( 2.5 )|
|norcraft transaction costs ( a )|2014|-15.1 ( 15.1 )|
|total corporate expenses|$ -79.9 ( 79.9 )|$ -81.6 ( 81.6 )|
( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans . at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year . remeasurements due to plan amendments and settlements may also occur in interim periods during the year . remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Question: what was the percentage growth in the general and administrative expense from 2015 to 2016 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.5183 | Context:2022 integration of new projects . during 2010 , the following projects were acquired or commenced commercial operations : project location fuel aes equity interest ( percent , rounded ) .
|project|location|fuel|gross mw|aes equity interest ( percent rounded )|
|ballylumford|united kingdom|gas|1246|100% ( 100 % )|
|jhrh ( 1 )|china|hydro|379|35% ( 35 % )|
|nueva ventanas|chile|coal|272|71% ( 71 % )|
|st . nikola|bulgaria|wind|156|89% ( 89 % )|
|guacolda 4 ( 2 )|chile|coal|152|35% ( 35 % )|
|dong qi ( 3 )|china|wind|49|49% ( 49 % )|
|huanghua ii ( 3 )|china|wind|49|49% ( 49 % )|
|st . patrick|france|wind|35|100% ( 100 % )|
|north rhins|scotland|wind|22|100% ( 100 % )|
|kepezkaya|turkey|hydro|28|51% ( 51 % )|
|damlapinar ( 4 )|turkey|hydro|16|51% ( 51 % )|
damlapinar ( 4 ) . . . . . . . . . . . . . . turkey hydro 16 51% ( 51 % ) ( 1 ) jianghe rural electrification development co . ltd . ( 201cjhrh 201d ) and aes china hydropower investment co . ltd . entered into an agreement to acquire a 49% ( 49 % ) interest in this joint venture in june 2010 . acquisition of 35% ( 35 % ) ownership was completed in june 2010 and the transfer of the remaining 14% ( 14 % ) ownership , which is subject to approval by the chinese government , is expected to be completed in may 2011 . ( 2 ) guacolda is an equity method investment indirectly held by aes through gener . the aes equity interest reflects the 29% ( 29 % ) noncontrolling interests in gener . ( 3 ) joint venture with guohua energy investment co . ltd . ( 4 ) joint venture with i.c . energy . key trends and uncertainties our operations continue to face many risks as discussed in item 1a . 2014risk factors of this form 10-k . some of these challenges are also described above in key drivers of results in 2010 . we continue to monitor our operations and address challenges as they arise . development . during the past year , the company has successfully acquired and completed construction of a number of projects , totaling approximately 2404 mw , including the acquisition of ballylumford in the united kingdom and completion of construction of a number of projects in europe , chile and china . however , as discussed in item 1a . 2014risk factors 2014our business is subject to substantial development uncertainties of this form 10-k , our development projects are subject to uncertainties . certain delays have occurred at the 670 mw maritza coal-fired project in bulgaria , and the project has not yet begun commercial operations . as noted in note 10 2014debt included in item 8 of this form 10-k , as a result of these delays the project debt is in default and the company is working with its lenders to resolve the default . in addition , as noted in item 3 . 2014legal proceedings , the company is in litigation with the contractor regarding the cause of delays . at this time , we believe that maritza will commence commercial operations for at least some of the project 2019s capacity by the second half of 2011 . however , commencement of commercial operations could be delayed beyond this time frame . there can be no assurance that maritza will achieve commercial operations , in whole or in part , by the second half of 2011 , resolve the default with the lenders or prevail in the litigation referenced above , which could result in the loss of some or all of our investment or require additional funding for the project . any of these events could have a material adverse effect on the company 2019s operating results or financial position . global economic conditions . during the past few years , economic conditions in some countries where our subsidiaries conduct business have deteriorated . although the economic conditions in several of these countries have improved in recent months , our businesses could be impacted in the event these recent trends do not continue. .
Question: what percentage of mw from acquired or commenced commercial operations in 2010 were due to ballylumford in the united kingdom? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.86667 | Context:notes to consolidated financial statements certain of aon 2019s european subsidiaries have a a650 million ( u.s . $ 942 million ) multi-currency revolving loan credit facility . this facility will mature in october 2010 , unless aon opts to extend the facility . commitment fees of 8.75 basis points are payable on the unused portion of the facility . at december 31 , 2007 , aon has borrowed a376 million and $ 250 million ( $ 795 million ) under this facility . at december 31 , 2006 , a307 million was borrowed . at december 31 , 2007 , $ 250 million of the euro facility is classified as short-term debt in the consolidated statements of financial position . aon has guaranteed the obligations of its subsidiaries with respect to this facility . aon maintains a $ 600 million , 5-year u.s . committed bank credit facility to support commercial paper and other short-term borrowings , which expires in february 2010 . this facility permits the issuance of up to $ 150 million in letters of credit . at december 31 , 2007 and 2006 , aon had $ 20 million in letters of credit outstanding . based on aon 2019s current credit ratings , commitment fees of 10 basis points are payable on the unused portion of the facility . for both the u.s . and euro facilities , aon is required to maintain consolidated net worth , as defined , of at least $ 2.5 billion , a ratio of consolidated ebitda ( earnings before interest , taxes , depreciation and amortization ) to consolidated interest expense of 4 to 1 and a ratio of consolidated debt to ebitda of not greater than 3 to 1 . aon also has other foreign facilities available , which include a a337.5 million ( $ 74 million ) facility , a a25 million ( $ 36 million ) facility , and a a20 million ( $ 29 million ) facility . outstanding debt securities , including aon capital a 2019s , are not redeemable by aon prior to maturity . there are no sinking fund provisions . interest is payable semi-annually on most debt securities . repayments of long-term debt are $ 548 million , $ 382 million and $ 225 million in 2010 , 2011 and 2012 , respectively . other information related to aon 2019s debt is as follows: .
|years ended december 31|2007|2006|2005|
|interest paid ( millions )|$ 147|$ 130|$ 130|
|weighted-average interest rates 2014 short-term borrowings|5.1% ( 5.1 % )|4.4% ( 4.4 % )|3.5% ( 3.5 % )|
lease commitments aon has noncancelable operating leases for certain office space , equipment and automobiles . these leases expire at various dates and may contain renewal and expansion options . in addition to base rental costs , occupancy lease agreements generally provide for rent escalations resulting from increased assessments for real estate taxes and other charges . approximately 81% ( 81 % ) of aon 2019s lease obligations are for the use of office space . rental expense for operating leases amounted to $ 368 million , $ 350 million and $ 337 million for 2007 , 2006 and 2005 , respectively , after deducting rentals from subleases ( $ 40 million , $ 33 million and $ 29 million for 2007 , 2006 and 2005 , respectively ) . aon corporation .
Question: what percentage of the letter of credit remains available as of december 31 , 2007? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2211.16 | Context:part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . price range our common stock trades on the nasdaq global select market under the symbol 201cmktx 201d . the range of closing price information for our common stock , as reported by nasdaq , was as follows : on february 20 , 2015 , the last reported closing price of our common stock on the nasdaq global select market was $ 78.97 . holders there were 28 holders of record of our common stock as of february 20 , 2015 . dividend policy during 2014 , 2013 and 2012 , we paid quarterly cash dividends of $ 0.16 per share , $ 0.13 per share and $ 0.11 per share , respectively . on december 27 , 2012 , we paid a special cash dividend of $ 1.30 per share . in january 2015 , our board of directors approved a quarterly cash dividend of $ 0.20 per share payable on february 26 , 2015 to stockholders of record as of the close of business on february 12 , 2015 . any future declaration and payment of dividends will be at the sole discretion of our board of directors . the board of directors may take into account such matters as general business conditions , our financial results , capital requirements , contractual obligations , legal and regulatory restrictions on the payment of dividends to our stockholders or by our subsidiaries to their respective parent entities , and such other factors as the board of directors may deem relevant . recent sales of unregistered securities securities authorized for issuance under equity compensation plans please see the section entitled 201cequity compensation plan information 201d in item 12. .
|2014:|high|low|
|january 1 2014 to march 31 2014|$ 67.16|$ 57.99|
|april 1 2014 to june 30 2014|$ 59.65|$ 50.30|
|july 1 2014 to september 30 2014|$ 62.05|$ 47.50|
|october 1 2014 to december 31 2014|$ 73.25|$ 61.15|
|2013:|high|low|
|january 1 2013 to march 31 2013|$ 41.85|$ 34.79|
|april 1 2013 to june 30 2013|$ 47.80|$ 37.09|
|july 1 2013 to september 30 2013|$ 61.47|$ 47.59|
|october 1 2013 to december 31 2013|$ 70.60|$ 61.34|
.
Question: based on the above listed holders of common stock , what was the market value of mktx common stock on february 20 , 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.0922 | Context:notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d . 1 . nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s . our network includes 31974 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s . gateways and providing several corridors to key mexican gateways . we own 26012 miles and operate on the remainder pursuant to trackage rights or leases . we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico . export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders . the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment . although we provide and review revenue by commodity group , we analyze the net financial results of the railroad as one segment due to the integrated nature of our rail network . the following table provides freight revenue by commodity group : millions 2014 2013 2012 .
|millions|2014|2013|2012|
|agricultural products|$ 3777|$ 3276|$ 3280|
|automotive|2103|2077|1807|
|chemicals|3664|3501|3238|
|coal|4127|3978|3912|
|industrial products|4400|3822|3494|
|intermodal|4489|4030|3955|
|total freight revenues|$ 22560|$ 20684|$ 19686|
|other revenues|1428|1279|1240|
|total operatingrevenues|$ 23988|$ 21963|$ 20926|
although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products transported by us are outside the u.s . each of our commodity groups includes revenue from shipments to and from mexico . included in the above table are revenues from our mexico business which amounted to $ 2.3 billion in 2014 , $ 2.1 billion in 2013 , and $ 1.9 billion in 2012 . basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s . ( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) . 2 . significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries . investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting . all intercompany transactions are eliminated . we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements . cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less . accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts . the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions . receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .
Question: what was the 2014 rate of increase in total operating revenues? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.96 | Context:amount of commitment expiration per period other commercial commitments after millions total 2013 2014 2015 2016 2017 2017 .
|other commercial commitmentsmillions|total|amount of commitment expiration per period 2013|amount of commitment expiration per period 2014|amount of commitment expiration per period 2015|amount of commitment expiration per period 2016|amount of commitment expiration per period 2017|amount of commitment expiration per period after 2017|
|credit facilities [a]|$ 1800|$ -|$ -|$ 1800|$ -|$ -|$ -|
|receivables securitization facility [b]|600|600|-|-|-|-|-|
|guarantees [c]|307|8|214|12|30|10|33|
|standby letters of credit [d]|25|24|1|-|-|-|-|
|total commercialcommitments|$ 2732|$ 632|$ 215|$ 1812|$ 30|$ 10|$ 33|
[a] none of the credit facility was used as of december 31 , 2012 . [b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2012 , which is accounted for as debt . the full program matures in july 2013 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2012 . off-balance sheet arrangements guarantees 2013 at december 31 , 2012 , we were contingently liable for $ 307 million in guarantees . we have recorded a liability of $ 2 million for the fair value of these obligations as of december 31 , 2012 and 2011 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 approximately 86% ( 86 % ) of our 45928 full-time-equivalent employees are represented by 14 major rail unions . during the year , we concluded the most recent round of negotiations , which began in 2010 , with the ratification of new agreements by several unions that continued negotiating into 2012 . all of the unions executed similar multi-year agreements that provide for higher employee cost sharing of employee health and welfare benefits and higher wages . the current agreements will remain in effect until renegotiated under provisions of the railway labor act . the next round of negotiations will begin in early 2015 . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2012 and 2011 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities. .
Question: what portion of the standby letters of credit are current? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
9491778.0 | Context:dividends and distributions we pay regular quarterly dividends to holders of our common stock . on february 16 , 2007 , our board of directors declared the first quarterly installment of our 2007 dividend in the amount of $ 0.475 per share , payable on march 30 , 2007 to stockholders of record on march 20 , 2007 . we expect to distribute 100% ( 100 % ) or more of our taxable net income to our stockholders for 2007 . our board of directors normally makes decisions regarding the frequency and amount of our dividends on a quarterly basis . because the board considers a number of factors when making these decisions , we cannot assure you that we will maintain the policy stated above . please see 201ccautionary statements 201d and the risk factors included in part i , item 1a of this annual report on form 10-k for a description of other factors that may affect our distribution policy . our stockholders may reinvest all or a portion of any cash distribution on their shares of our common stock by participating in our distribution reinvestment and stock purchase plan , subject to the terms of the plan . see 201cnote 15 2014capital stock 201d of the notes to consolidated financial statements included in item 8 of this annual report on form 10-k . director and employee stock sales certain of our directors , executive officers and other employees have adopted and may , from time to time in the future , adopt non-discretionary , written trading plans that comply with rule 10b5-1 under the exchange act , or otherwise monetize their equity-based compensation . securities authorized for issuance under equity compensation plans the following table summarizes information with respect to our equity compensation plans as of december 31 , 2006 : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) equity compensation plans approved by stockholders ( 1 ) . . 1118051 $ 24.27 8373727 equity compensation plans not approved by stockholders ( 2 ) . . 18924 n/a 1145354 .
|plan category|( a ) number of securities to be issued upon exercise of outstanding options warrants andrights|( b ) weighted average exercise price of outstanding options warrants and rights|( c ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a )|
|equity compensation plans approved by stockholders ( 1 )|1118051|$ 24.27|8373727|
|equity compensation plans not approved by stockholders ( 2 )|18924|n/a|1145354|
|total|1136975|$ 24.27|9519081|
( 1 ) these plans consist of ( i ) the 1987 incentive compensation program ( employee plan ) ; ( ii ) the theratx , incorporated 1996 stock option/stock issuance plan ; ( iii ) the 2000 incentive compensation plan ( employee plan ) ( formerly known as the 1997 incentive compensation plan ) ; ( iv ) the 2004 stock plan for directors ( which amended and restated the 2000 stock option plan for directors ( formerly known as the 1997 stock option plan for non-employee directors ) ) ; ( v ) the employee and director stock purchase plan ; ( vi ) the 2006 incentive plan ; and ( vii ) the 2006 stock plan for directors . ( 2 ) these plans consist of ( i ) the common stock purchase plan for directors , under which our non-employee directors may receive common stock in lieu of directors 2019 fees , ( ii ) the nonemployee director deferred stock compensation plan , under which our non-employee directors may receive units convertible on a one-for-one basis into common stock in lieu of director fees , and ( iii ) the executive deferred stock compensation plan , under which our executive officers may receive units convertible on a one-for-one basis into common stock in lieu of compensation. .
Question: what is the total equity compensation plans approved by stockholders as of december 312006 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.16235 | Context:table of contents notes to consolidated financial statements of american airlines group inc . secured financings are collateralized by assets , primarily aircraft , engines , simulators , rotable aircraft parts , airport leasehold rights , route authorities and airport slots . at december 31 , 2015 , the company was operating 35 aircraft under capital leases . leases can generally be renewed at rates based on fair market value at the end of the lease term for a number of additional years . at december 31 , 2015 , the maturities of long-term debt and capital lease obligations are as follows ( in millions ) : .
|2016|$ 2266|
|2017|1598|
|2018|2134|
|2019|3378|
|2020|3587|
|2021 and thereafter|7844|
|total|$ 20807|
( a ) 2013 credit facilities on june 27 , 2013 , american and aag entered into a credit and guaranty agreement ( as amended , restated , amended and restated or otherwise modified , the 2013 credit agreement ) with deutsche bank ag new york branch , as administrative agent , and certain lenders that originally provided for a $ 1.9 billion term loan facility scheduled to mature on june 27 , 2019 ( the 2013 term loan facility ) and a $ 1.0 billion revolving credit facility scheduled to mature on june 27 , 2018 ( the 2013 revolving facility ) . the maturity of the term loan facility was subsequently extended to june 2020 and the revolving credit facility commitments were subsequently increased to $ 1.4 billion with an extended maturity date of october 10 , 2020 , all of which is further described below . on may 21 , 2015 , american amended and restated the 2013 credit agreement pursuant to which it refinanced the 2013 term loan facility ( the $ 1.9 billion 2015 term loan facility and , together with the 2013 revolving facility , the 2013 credit facilities ) to extend the maturity date to june 2020 and reduce the libor margin from 3.00% ( 3.00 % ) to 2.75% ( 2.75 % ) . in addition , american entered into certain amendments to reflect the ability for american to make future modifications to the collateral pledged , subject to certain restrictions . the $ 1.9 billion 2015 term loan facility is repayable in annual installments , with the first installment in an amount equal to 1.25% ( 1.25 % ) of the principal amount commencing on june 27 , 2016 and installments thereafter , in an amount equal to 1.0% ( 1.0 % ) of the principal amount , with any unpaid balance due on the maturity date . as of december 31 , 2015 , $ 1.9 billion of principal was outstanding under the $ 1.9 billion 2015 term loan facility . voluntary prepayments may be made by american at any time . on october 10 , 2014 , american and aag amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2019 and increased the commitments thereunder to an aggregate principal amount of $ 1.4 billion while reducing the letter of credit commitments thereunder to $ 300 million . on october 26 , 2015 , american , aag , us airways group and us airways amended the 2013 credit agreement to extend the maturity date of the 2013 revolving facility to october 10 , 2020 . the 2013 revolving facility provides that american may from time to time borrow , repay and reborrow loans thereunder and have letters of credit issued thereunder . as of december 31 , 2015 , there were no borrowings or letters of credit outstanding under the 2013 revolving facility . the 2013 credit facilities bear interest at an index rate plus an applicable index margin or , at american 2019s option , libor ( subject to a floor of 0.75% ( 0.75 % ) , with respect to the $ 1.9 billion 2015 term loan facility ) plus a libor margin of 3.00% ( 3.00 % ) with respect to the 2013 revolving facility and 2.75% ( 2.75 % ) with respect to the $ 1.9 billion 2015 term loan facility ; provided that american 2019s corporate credit rating is ba3 or higher from moody 2019s and bb- or higher from s&p , the applicable libor margin would be 2.50% ( 2.50 % ) for the $ 1.9 billion 2015 term loan .
Question: what percentage of total maturities of long-term debt and capital lease obligations are payable in 2019? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
295.27273 | Context:notes to consolidated financial statements 2014 ( continued ) owns the remaining 44% ( 44 % ) . we purchased our share of gpap philippines for $ 10.9 million . the purpose of this acquisition was to expand our presence in the asia-pacific market . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . the following table summarizes the preliminary purchase price allocation ( in thousands ) : .
|goodwill|$ 6286|
|customer-related intangible assets|3248|
|contract-based intangible assets|952|
|trademark|224|
|property and equipment|300|
|total assets acquired|11010|
|minority interest in equity of subsidiary ( at historical cost )|-132 ( 132 )|
|net assets acquired|$ 10878|
all of the goodwill associated with the acquisition is non-deductible for tax purposes . the customer-related intangible assets have amortization periods of 11 years . the contract-based intangible assets have amortization periods of 7 years . the trademark has an amortization period of 5 years . money transfer branch locations during 2009 , we completed the second and final series of money transfer branch location acquisitions in the united states as part of an assignment and asset purchase agreement with a privately held company . the purpose of this acquisition was to increase the market presence of our dolex-branded money transfer offering . the purchase price of these acquisitions was $ 787 thousand with $ 739 thousand allocated to goodwill and $ 48 thousand allocated to intangibles . pursuant to our annual impairment test in fiscal 2009 , goodwill and other intangibles related to our money transfer business were deemed impaired . please see note 3 2014impairment charges for further information . this business acquisition was not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to this acquisition . fiscal 2008 discover during the year ended may 31 , 2008 , we acquired a portfolio of merchants that process discover transactions and the rights to process discover transactions for our existing and new merchants for $ 6.0 million . the purchase of the portfolio was structured to occur in tranches . during fiscal 2009 , additional tranches were purchased for $ 1.4 million . as a result of this acquisition , we now process discover transactions similarly to how we currently process visa and mastercard transactions . the purpose of this acquisition was to offer merchants a single point of contact for discover , visa and mastercard card processing . the operating results of the acquired portfolio have been included in our consolidated financial statements from the dates of acquisition . the customer-related intangible assets have amortization periods of 10 years . these business acquisitions were not significant to our consolidated financial statements and accordingly , we have not provided pro forma information relating to these acquisitions. .
Question: what is the yearly amortization expense related to customer-related intangible assets , ( in thousands ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.13825 | Context:2018 ppg annual report and form 10-k 59 other acquisitions in 2018 , 2017 , and 2016 , the company completed several smaller business acquisitions . the total consideration paid for these acquisitions , net of cash acquired , debt assumed and other post closing adjustments , was $ 108 million , $ 74 million and $ 43 million , respectively . in january 2018 , ppg acquired procoatings , a leading architectural paint and coatings wholesaler located in the netherlands . procoatings , established in 2001 , distributes a large portfolio of well-known professional paint brands through its network of 23 multi-brand stores . the company employs nearly 100 people . the results of this business since the date of acquisition have been reported within the architectural coatings americas and asia pacific business within the performance coatings reportable segment . in january 2017 , ppg acquired certain assets of automotive refinish coatings company futian xinshi ( 201cfutian 201d ) , based in the guangdong province of china . futian distributes its products in china through a network of more than 200 distributors . in january 2017 , ppg completed the acquisition of deutek s.a. , a leading romanian paint and architectural coatings manufacturer , from the emerging europe accession fund . deutek , established in 1993 , manufactures and markets a large portfolio of well-known professional and consumer paint brands , including oskar and danke! . the company 2019s products are sold in more than 120 do-it-yourself stores and 3500 independent retail outlets in romania . divestitures glass segment in 2017 , ppg completed a multi-year strategic shift in the company's business portfolio , resulting in the exit of all glass operations which consisted of the global fiber glass business , ppg's ownership interest in two asian fiber glass joint ventures and the flat glass business . accordingly , the results of operations , including the gains on the divestitures , and cash flows have been recast as discontinued operations for all periods presented . ppg now has two reportable business segments . the net sales and income from discontinued operations related to the former glass segment for the three years ended december 31 , 2018 , 2017 , and 2016 were as follows: .
|( $ in millions )|2018|2017|2016|
|net sales|$ 2014|$ 217|$ 908|
|income from operations|$ 21|$ 30|$ 111|
|net gains on the divestitures of businesses|2014|343|421|
|income tax expense|5|140|202|
|income from discontinued operations net of tax|$ 16|$ 233|$ 330|
during 2018 , ppg released $ 13 million of previously recorded accruals and contingencies established in conjunction with the divestitures of businesses within the former glass segment as a result of completed actions , new information and updated estimates . also during 2018 , ppg made a final payment of $ 20 million to vitro s.a.b . de c.v related to the transfer of certain pension obligations upon the sale of the former flat glass business . north american fiber glass business on september 1 , 2017 , ppg completed the sale of its north american fiber glass business to nippon electric glass co . ltd . ( 201cneg 201d ) . cash proceeds from the sale were $ 541 million , resulting in a pre-tax gain of $ 343 million , net of certain accruals and contingencies established in conjunction with the divestiture . ppg 2019s fiber glass operations included manufacturing facilities in chester , south carolina , and lexington and shelby , north carolina ; and administrative and research-and-development operations in shelby and in harmar , pennsylvania , near pittsburgh . the business , which employed more than 1000 people and had net sales of approximately $ 350 million in 2016 , supplies the transportation , energy , infrastructure and consumer markets . flat glass business in october 2016 , ppg completed the sale of its flat glass manufacturing and glass coatings operations to vitro s.a.b . de c.v . ppg received approximately $ 740 million in cash proceeds and recorded a pre-tax gain of $ 421 million on the sale . under the terms of the agreement , ppg divested its entire flat glass manufacturing and glass coatings operations , including production sites located in fresno , california ; salem , oregon ; carlisle , pennsylvania ; and wichita falls , texas ; four distribution/fabrication facilities located across canada ; and a research-and-development center located in harmar , pennsylvania . ppg 2019s flat glass business included approximately 1200 employees . the business manufactures glass that is fabricated into products used primarily in commercial and residential construction . notes to the consolidated financial statements .
Question: what was operating income return on sales on the discontinued glass segment in 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |