Question:
Please answer the given financial question based on the context.
Context: 2011 , effectively handling the 3% ( 3 % ) increase in carloads . maintenance activities and weather disruptions , combined with higher volume levels , led to a 4% ( 4 % ) decrease in average train speed in 2010 compared to a record set in 2009 . average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals . lower average terminal dwell time improves asset utilization and service . average terminal dwell time increased 3% ( 3 % ) in 2011 compared to 2010 . additional volume , weather challenges , track replacement programs , and a shift of traffic mix to more manifest shipments , which require additional terminal processing , all contributed to the increase . average terminal dwell time increased 2% ( 2 % ) in 2010 compared to 2009 , driven in part by our network plan to increase the length of numerous trains to improve overall efficiency , which resulted in higher terminal dwell time for some cars . average rail car inventory 2013 average rail car inventory is the daily average number of rail cars on our lines , including rail cars in storage . lower average rail car inventory reduces congestion in our yards and sidings , which increases train speed , reduces average terminal dwell time , and improves rail car utilization . average rail car inventory decreased slightly in 2011 compared to 2010 , as we continued to adjust the size of our freight car fleet . average rail car inventory decreased 3% ( 3 % ) in 2010 compared to 2009 , while we handled a 13% ( 13 % ) increase in carloads during the period compared to 2009 . we maintained more freight cars off-line and retired a number of old freight cars , which drove the decrease . gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled . revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles . gross and revenue-ton-miles increased 5% ( 5 % ) in 2011 compared to 2010 , driven by a 3% ( 3 % ) increase in carloads and mix changes to heavier commodity groups , notably a 5% ( 5 % ) increase in energy shipments . gross and revenue-ton-miles increased 10% ( 10 % ) and 9% ( 9 % ) , respectively , in 2010 compared to 2009 due to a 13% ( 13 % ) increase in carloads . commodity mix changes ( notably automotive shipments ) drove the variance in year-over-year growth between gross ton-miles , revenue ton-miles and carloads . operating ratio 2013 operating ratio is our operating expenses reflected as a percentage of operating revenue . our operating ratio increased 0.1 points to 70.7% ( 70.7 % ) in 2011 versus 2010 . higher fuel prices , inflation and weather related costs , partially offset by core pricing gains and productivity initiatives , drove the increase . our operating ratio improved 5.5 points to 70.6% ( 70.6 % ) in 2010 and 1.3 points to 76.1% ( 76.1 % ) in 2009 . efficiently leveraging volume increases , core pricing gains , and productivity initiatives drove the improvement in 2010 and more than offset the impact of higher fuel prices during the year . employees 2013 employee levels were up 5% ( 5 % ) in 2011 versus 2010 , driven by a 3% ( 3 % ) increase in volume levels , a higher number of trainmen , engineers , and yard employees receiving training during the year , and increased work on capital projects . employee levels were down 1% ( 1 % ) in 2010 compared to 2009 despite a 13% ( 13 % ) increase in volume levels . we leveraged the additional volumes through network efficiencies and other productivity initiatives . in addition , we successfully managed the growth of our full- time-equivalent train and engine force levels at a rate less than half of our carload growth in 2010 . all other operating functions and support organizations reduced their full-time-equivalent force levels , benefiting from continued productivity initiatives . customer satisfaction index 2013 our customer satisfaction survey asks customers to rate how satisfied they are with our performance over the last 12 months on a variety of attributes . a higher score indicates higher customer satisfaction . we believe that improvement in survey results in 2011 generally reflects customer recognition of our service quality supported by our capital investment program . return on average common shareholders 2019 equity millions , except percentages 2011 2010 2009 .
|millions except percentages|2011|2010|2009|
|net income|$ 3292|$ 2780|$ 1890|
|average equity|$ 18171|$ 17282|$ 16058|
|return on average commonshareholders 2019 equity|18.1% ( 18.1 % )|16.1% ( 16.1 % )|11.8% ( 11.8 % )|
.
Question: without the increase in carloads and mix changes , what would the revenue-ton-miles have been in 2011?
Answer:

Answer: 0.02


Question:
Please answer the given financial question based on the context.
Context: providing a revolving credit facility of $ 7.0 billion and expiring on october 17 , 2008 . interest on any amounts we borrow under these facilities would be charged at 90-day libor plus 15 basis points . at december 31 , 2007 , there were no outstanding borrowings under these facilities . our existing debt instruments and credit facilities do not have cross-default or ratings triggers , however these debt instruments and credit facilities do subject us to certain financial covenants . covenants in our credit facilities generally require us to maintain a $ 3.0 billion minimum net worth and limit the amount of secured indebtedness that may be incurred by the company . the notes issued in january 2008 include limitations on secured indebtedness and on sale-leaseback transactions . these covenants are not considered material to the overall financial condition of the company , and all applicable covenant tests were satisfied as of december 31 , commitments we have contractual obligations and commitments in the form of capital leases , operating leases , debt obligations , purchase commitments , and certain other liabilities . we intend to satisfy these obligations through the use of cash flow from operations . the following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of december 31 , 2007 ( in millions ) : capital leases operating leases principal interest purchase commitments pension fundings liabilities .
|year|capital leases|operating leases|debt principal|debt interest|purchase commitments|pension fundings|other liabilities|
|2008|$ 108|$ 378|$ 3426|$ 329|$ 1306|$ 101|$ 78|
|2009|73|325|83|384|791|824|74|
|2010|91|237|40|380|729|630|71|
|2011|31|166|33|379|698|717|69|
|2012|31|116|26|377|304|859|67|
|after 2012|285|560|6919|6177|2014|334|203|
|total|$ 619|$ 1782|$ 10527|$ 8026|$ 3828|$ 3465|$ 562|
our capital lease obligations relate primarily to leases on aircraft . capital leases , operating leases , and purchase commitments , as well as our debt principal obligations , are discussed further in note 8 to our consolidated financial statements . the amount of interest on our debt was calculated as the contractual interest payments due on our fixed-rate debt , in addition to interest on variable rate debt that was calculated based on interest rates as of december 31 , 2007 . the calculations of debt interest do not take into account the effect of interest rate swap agreements . the maturities of debt principal and interest include the effect of the january 2008 issuance of $ 4.0 billion in senior notes that were used to reduce the commercial paper balance . purchase commitments represent contractual agreements to purchase goods or services that are legally binding , the largest of which are orders for aircraft , engines , and parts . in february 2007 , we announced an order for 27 boeing 767-300er freighters to be delivered between 2009 and 2012 . we also have firm commitments to purchase nine boeing 747-400f aircraft scheduled for delivery between 2008 and 2010 , and two boeing 747-400bcf aircraft scheduled for delivery during 2008 . these aircraft purchase orders will provide for the replacement of existing capacity and anticipated future growth . in july 2007 , we formally cancelled our previous order for ten airbus a380-800 freighter aircraft , pursuant to the provisions of an agreement signed with airbus in february 2007 . as a result of our cancellation of the airbus a380-800 order , we received cash in july 2007 representing the return of amounts previously paid to airbus as purchase contract deposits and accrued interest on those balances . additionally , we received a credit memorandum to be used by ups for the purchase of parts and services from airbus . the cancellation of the airbus order did not have a material impact on our financial condition , results of operations , or liquidity. .
Question: what portion of total expected cash outflow for capital leases is due in 2018?
Answer:

Answer: 0.17447


Question:
Please answer the given financial question based on the context.
Context: rm&t segment marathon 2019s rm&t operations primarily use derivative commodity instruments to mitigate the price risk of certain crude oil and other feedstock purchases , to protect carrying values of excess inventories , to protect margins on fixed price sales of refined products and to lock-in the price spread between refined products and crude oil . derivative instruments are used to mitigate the price risk between the time foreign and domestic crude oil and other feedstock purchases for refinery supply are priced and when they are actually refined into salable petroleum products . in addition , natural gas options are in place to manage the price risk associated with approximately 60% ( 60 % ) of the anticipated natural gas purchases for refinery use through the first quarter of 2004 and 50% ( 50 % ) through the second quarter of 2004 . derivative commodity instruments are also used to protect the value of excess refined product , crude oil and lpg inventories . derivatives are used to lock in margins associated with future fixed price sales of refined products to non-retail customers . derivative commodity instruments are used to protect against decreases in the future crack spreads . within a limited framework , derivative instruments are also used to take advantage of opportunities identified in the commodity markets . derivative gains ( losses ) included in rm&t segment income for each of the last two years are summarized in the following table : strategy ( in millions ) 2003 2002 .
|strategy ( in millions )|2003|2002|
|mitigate price risk|$ -112 ( 112 )|$ -95 ( 95 )|
|protect carrying values of excess inventories|-57 ( 57 )|-41 ( 41 )|
|protect margin on fixed price sales|5|11|
|protect crack spread values|6|1|
|trading activities|-4 ( 4 )|2013|
|total net derivative losses|$ -162 ( 162 )|$ -124 ( 124 )|
generally , derivative losses occur when market prices increase , which are offset by gains on the underlying physical commodity transaction . conversely , derivative gains occur when market prices decrease , which are offset by losses on the underlying physical commodity transaction . oerb segment marathon has used derivative instruments to convert the fixed price of a long-term gas sales contract to market prices . the underlying physical contract is for a specified annual quantity of gas and matures in 2008 . similarly , marathon will use derivative instruments to convert shorter term ( typically less than a year ) fixed price contracts to market prices in its ongoing purchase for resale activity ; and to hedge purchased gas injected into storage for subsequent resale . derivative gains ( losses ) included in oerb segment income were $ 19 million , $ ( 8 ) million and $ ( 29 ) million for 2003 , 2002 and 2001 . oerb 2019s trading activity gains ( losses ) of $ ( 7 ) million , $ 4 million and $ ( 1 ) million in 2003 , 2002 and 2001 are included in the aforementioned amounts . other commodity risk marathon is subject to basis risk , caused by factors that affect the relationship between commodity futures prices reflected in derivative commodity instruments and the cash market price of the underlying commodity . natural gas transaction prices are frequently based on industry reference prices that may vary from prices experienced in local markets . for example , new york mercantile exchange ( 201cnymex 201d ) contracts for natural gas are priced at louisiana 2019s henry hub , while the underlying quantities of natural gas may be produced and sold in the western united states at prices that do not move in strict correlation with nymex prices . to the extent that commodity price changes in one region are not reflected in other regions , derivative commodity instruments may no longer provide the expected hedge , resulting in increased exposure to basis risk . these regional price differences could yield favorable or unfavorable results . otc transactions are being used to manage exposure to a portion of basis risk . marathon is subject to liquidity risk , caused by timing delays in liquidating contract positions due to a potential inability to identify a counterparty willing to accept an offsetting position . due to the large number of active participants , liquidity risk exposure is relatively low for exchange-traded transactions. .
Question: by what percentage did protect carrying values of excess inventories increase from 2002 to 2003?
Answer:

Answer: 0.39024


Question:
Please answer the given financial question based on the context.
Context: 2018 ppg annual report and form 10-k 83 current open and active claims post-pittsburgh corning bankruptcy the company is aware of approximately 460 open and active asbestos-related claims pending against the company and certain of its subsidiaries . these claims consist primarily of non-pc relationship claims and claims against a subsidiary of ppg . the company is defending the remaining open and active claims vigorously . since april 1 , 2013 , a subsidiary of ppg has been implicated in claims alleging death or injury caused by asbestos-containing products manufactured , distributed or sold by a north american architectural coatings business or its predecessors which was acquired by ppg . all such claims have been either served upon or tendered to the seller for defense and indemnity pursuant to obligations undertaken by the seller in connection with the company 2019s purchase of the north american architectural coatings business . the seller has accepted the defense of these claims subject to the terms of various agreements between the company and the seller . the seller 2019s defense and indemnity obligations in connection with newly filed claims ceased with respect to claims filed after april 1 , 2018 . ppg has established reserves totaling approximately $ 180 million for asbestos-related claims that would not be channeled to the trust which , based on presently available information , we believe will be sufficient to encompass all of ppg 2019s current and potential future asbestos liabilities . these reserves include a $ 162 million reserve established in 2009 in connection with an amendment to the pc plan of reorganization . these reserves , which are included within other liabilities on the accompanying consolidated balance sheets , represent ppg 2019s best estimate of its liability for these claims . ppg does not have sufficient current claim information or settlement history on which to base a better estimate of this liability in light of the fact that the bankruptcy court 2019s injunction staying most asbestos claims against the company was in effect from april 2000 through may 2016 . ppg will monitor the activity associated with its remaining asbestos claims and evaluate , on a periodic basis , its estimated liability for such claims , its insurance assets then available , and all underlying assumptions to determine whether any adjustment to the reserves for these claims is required . the amount reserved for asbestos-related claims by its nature is subject to many uncertainties that may change over time , including ( i ) the ultimate number of claims filed ; ( ii ) the amounts required to resolve both currently known and future unknown claims ; ( iii ) the amount of insurance , if any , available to cover such claims ; ( iv ) the unpredictable aspects of the litigation process , including a changing trial docket and the jurisdictions in which trials are scheduled ; ( v ) the outcome of any trials , including potential judgments or jury verdicts ; ( vi ) the lack of specific information in many cases concerning exposure for which ppg is allegedly responsible , and the claimants 2019 alleged diseases resulting from such exposure ; and ( vii ) potential changes in applicable federal and/or state tort liability law . all of these factors may have a material effect upon future asbestos- related liability estimates . as a potential offset to any future asbestos financial exposure , under the pc plan of reorganization ppg retained , for its own account , the right to pursue insurance coverage from certain of its historical insurers that did not participate in the pc plan of reorganization . while the ultimate outcome of ppg 2019s asbestos litigation cannot be predicted with certainty , ppg believes that any financial exposure resulting from its asbestos-related claims will not have a material adverse effect on ppg 2019s consolidated financial position , liquidity or results of operations . environmental matters it is ppg 2019s policy to accrue expenses for environmental contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated . reserves for environmental contingencies are exclusive of claims against third parties and are generally not discounted . in management 2019s opinion , the company operates in an environmentally sound manner and the outcome of the company 2019s environmental contingencies will not have a material effect on ppg 2019s financial position or liquidity ; however , any such outcome may be material to the results of operations of any particular period in which costs , if any , are recognized . management anticipates that the resolution of the company 2019s environmental contingencies will occur over an extended period of time . as of december 31 , 2018 and 2017 , ppg had reserves for environmental contingencies associated with ppg 2019s former chromium manufacturing plant in jersey city , n.j . ( 201cnew jersey chrome 201d ) and for other environmental contingencies , including national priority list sites and legacy glass and chemical manufacturing sites . these reserves are reported as accounts payable and accrued liabilities and other liabilities in the accompanying consolidated balance sheet . environmental reserves .
|( $ in millions )|2018|2017|
|new jersey chrome|$ 151|$ 136|
|glass and chemical|90|71|
|other|50|51|
|total|$ 291|$ 258|
|current portion|$ 105|$ 73|
notes to the consolidated financial statements .
Question: what was the percentage increase in the new jersey chrome environmental reserve in 2018?
Answer:

Answer: 0.11029


Question:
Please answer the given financial question based on the context.
Context: providing a revolving credit facility of $ 7.0 billion and expiring on october 17 , 2008 . interest on any amounts we borrow under these facilities would be charged at 90-day libor plus 15 basis points . at december 31 , 2007 , there were no outstanding borrowings under these facilities . our existing debt instruments and credit facilities do not have cross-default or ratings triggers , however these debt instruments and credit facilities do subject us to certain financial covenants . covenants in our credit facilities generally require us to maintain a $ 3.0 billion minimum net worth and limit the amount of secured indebtedness that may be incurred by the company . the notes issued in january 2008 include limitations on secured indebtedness and on sale-leaseback transactions . these covenants are not considered material to the overall financial condition of the company , and all applicable covenant tests were satisfied as of december 31 , commitments we have contractual obligations and commitments in the form of capital leases , operating leases , debt obligations , purchase commitments , and certain other liabilities . we intend to satisfy these obligations through the use of cash flow from operations . the following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of december 31 , 2007 ( in millions ) : capital leases operating leases principal interest purchase commitments pension fundings liabilities .
|year|capital leases|operating leases|debt principal|debt interest|purchase commitments|pension fundings|other liabilities|
|2008|$ 108|$ 378|$ 3426|$ 329|$ 1306|$ 101|$ 78|
|2009|73|325|83|384|791|824|74|
|2010|91|237|40|380|729|630|71|
|2011|31|166|33|379|698|717|69|
|2012|31|116|26|377|304|859|67|
|after 2012|285|560|6919|6177|2014|334|203|
|total|$ 619|$ 1782|$ 10527|$ 8026|$ 3828|$ 3465|$ 562|
our capital lease obligations relate primarily to leases on aircraft . capital leases , operating leases , and purchase commitments , as well as our debt principal obligations , are discussed further in note 8 to our consolidated financial statements . the amount of interest on our debt was calculated as the contractual interest payments due on our fixed-rate debt , in addition to interest on variable rate debt that was calculated based on interest rates as of december 31 , 2007 . the calculations of debt interest do not take into account the effect of interest rate swap agreements . the maturities of debt principal and interest include the effect of the january 2008 issuance of $ 4.0 billion in senior notes that were used to reduce the commercial paper balance . purchase commitments represent contractual agreements to purchase goods or services that are legally binding , the largest of which are orders for aircraft , engines , and parts . in february 2007 , we announced an order for 27 boeing 767-300er freighters to be delivered between 2009 and 2012 . we also have firm commitments to purchase nine boeing 747-400f aircraft scheduled for delivery between 2008 and 2010 , and two boeing 747-400bcf aircraft scheduled for delivery during 2008 . these aircraft purchase orders will provide for the replacement of existing capacity and anticipated future growth . in july 2007 , we formally cancelled our previous order for ten airbus a380-800 freighter aircraft , pursuant to the provisions of an agreement signed with airbus in february 2007 . as a result of our cancellation of the airbus a380-800 order , we received cash in july 2007 representing the return of amounts previously paid to airbus as purchase contract deposits and accrued interest on those balances . additionally , we received a credit memorandum to be used by ups for the purchase of parts and services from airbus . the cancellation of the airbus order did not have a material impact on our financial condition , results of operations , or liquidity. .
Question: what portion of total expected cash outflow for operating leases is due in 2018?
Answer:

Answer: 0.21212


Question:
Please answer the given financial question based on the context.
Context: payables that were reclassified as part of our capital lease obligations . capital lease obligations are reported in our consolidated statements of financial position as debt . on october 15 , 2009 , we entered into a capital lease agreement for 44 locomotives with a total equipment cost of $ 100 million . the lessor purchased the 44 locomotives from the corporation and subsequently leased the locomotives back to the railroad . these capital lease obligations are reported in our consolidated statements of financial position as debt at december 31 , 2009 . off-balance sheet arrangements , contractual obligations , and commercial commitments as described in the notes to the consolidated financial statements and as referenced in the tables below , we have contractual obligations and commercial commitments that may affect our financial condition . based on our assessment of the underlying provisions and circumstances of our contractual obligations and commercial commitments , including material sources of off-balance sheet and structured finance arrangements , other than the risks that we and other similarly situated companies face with respect to the condition of the capital markets ( as described in item 1a of part ii of this report ) , there is no known trend , demand , commitment , event , or uncertainty that is reasonably likely to occur that would have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . in addition , our commercial obligations , financings , and commitments are customary transactions that are similar to those of other comparable corporations , particularly within the transportation industry . the following tables identify material obligations and commitments as of december 31 , 2009 : payments due by december 31 , contractual obligations after millions of dollars total 2010 2011 2012 2013 2014 2014 other .
|contractual obligations millions of dollars|total|payments due by december 31 2010|payments due by december 31 2011|payments due by december 31 2012|payments due by december 31 2013|payments due by december 31 2014|payments due by december 31 after 2014|payments due by december 31 other|
|debt [a]|$ 12645|$ 846|$ 896|$ 1104|$ 985|$ 951|$ 7863|$ -|
|operating leases|5312|576|570|488|425|352|2901|-|
|capital lease obligations [b]|2975|290|292|247|256|267|1623|-|
|purchase obligations [c]|2738|386|317|242|249|228|1284|32|
|other post retirement benefits [d]|435|41|42|43|43|44|222|-|
|income tax contingencies [e]|61|1|-|-|-|-|-|60|
|total contractual obligations|$ 24166|$ 2140|$ 2117|$ 2124|$ 1958|$ 1842|$ 13893|$ 92|
[a] excludes capital lease obligations of $ 2061 million , unamortized discount of $ ( 110 ) million , and market value adjustments of $ 15 million for debt with qualifying hedges that are recorded as liabilities on the consolidated statements of financial position . includes an interest component of $ 4763 million . [b] represents total obligations , including interest component of $ 914 million . [c] purchase obligations include locomotive maintenance contracts ; purchase commitments for ties , ballast , and rail ; and agreements to purchase other goods and services . for amounts where we can not reasonably estimate the year of settlement , they are reflected in the other column . [d] includes estimated other post retirement , medical , and life insurance payments and payments made under the unfunded pension plan for the next ten years . no amounts are included for funded pension as no contributions are currently required . [e] future cash flows for income tax contingencies reflect the recorded liability for unrecognized tax benefits , including interest and penalties , as of december 31 , 2009 . where we can reasonably estimate the years in which these liabilities may be settled , this is shown in the table . for amounts where we can not reasonably estimate the year of settlement , they are reflected in the other column. .
Question: what was the average cost per locomotive for the october 15 , 2009 purchase by the railroad?
Answer:

Answer: 2272727.27273


Question:
Please answer the given financial question based on the context.
Context: 4 . acquisitions and dispositions acquisitions the company makes acquisitions that align with its strategic business objectives . the assets and liabilities of the acquired entities have been recorded as of the acquisition date , at their respective fair values , and are included in the consolidated balance sheet . the purchase price allocation is based on estimates of the fair value of assets acquired and liabilities assumed . the aggregate purchase price of acquisitions has been reduced for any cash or cash equivalents acquired with the acquisition . acquisitions during 2017 , 2016 and 2015 were not significant to the company 2019s consolidated financial statements ; therefore , pro forma financial information is not presented . anios acquisition on february 1 , 2017 , the company acquired anios for total consideration of $ 798.3 million , including satisfaction of outstanding debt . anios had annualized pre-acquisition sales of approximately $ 245 million and is a leading european manufacturer and marketer of hygiene and disinfection products for the healthcare , food service , and food and beverage processing industries . anios provides an innovative product line that expands the solutions the company is able to offer , while also providing a complementary geographic footprint within the healthcare market . during 2016 , the company deposited 20ac50 million in an escrow account that was released back to the company upon closing of the transaction in february 2017 . as shown within note 5 , this was recorded as restricted cash within other assets on the consolidated balance sheet as of december 31 , 2016 . the company incurred certain acquisition and integration costs associated with the transaction that were expensed and are reflected in the consolidated statement of income . see note 3 for additional information related to the company 2019s special ( gains ) and charges related to such activities . the components of the cash paid for anios are shown in the following table. .
|( millions )|2017|
|tangible assets|$ 139.8|
|identifiable intangible assets||
|customer relationships|252.0|
|trademarks|65.7|
|other technology|16.1|
|total assets acquired|473.6|
|goodwill|511.7|
|total liabilities|187.0|
|total consideration transferred|798.3|
|long-term debt repaid upon close|192.8|
|net consideration transferred to sellers|$ 605.5|
tangible assets are primarily comprised of accounts receivable of $ 64.8 million , property , plant and equipment of $ 24.7 million and inventory of $ 29.1 million . liabilities primarily consist of deferred tax liabilities of $ 102.3 million and current liabilities of $ 62.5 million . customer relationships , trademarks and other technology are being amortized over weighted average lives of 20 , 17 , and 11 years , respectively . goodwill of $ 511.7 million arising from the acquisition consists largely of the synergies and economies of scale expected through adding complementary geographies and innovative products to the company 2019s healthcare portfolio . the goodwill was allocated to the institutional , healthcare , and specialty operating segments within the global institutional reportable segment and the food & beverage and life sciences operating segments within the global industrial reportable segment . none of the goodwill recognized is expected to be deductible for income tax purposes. .
Question: what portion of anios' purchasing price is related to goodwill?
Answer:

Answer: 0.84509


Question:
Please answer the given financial question based on the context.
Context: note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
||2012|2011|2010|
|weighted average common shares outstanding for basic computations|323.7|335.9|364.2|
|weighted average dilutive effect of stock options and restricted stockunits|4.7|4.0|4.1|
|weighted average common shares outstanding for diluted computations|328.4|339.9|368.3|
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share includes the dilutive effects for the assumed exercise of stock options and vesting of restricted stock units based on the treasury stock method . the computation of diluted earnings per common share excluded 8.0 million , 13.4 million , and 14.7 million stock options for the years ended december 31 , 2012 , 2011 , and 2010 because their inclusion would have been anti-dilutive , primarily due to their exercise prices exceeding the average market price of our common stock during each respective reporting period . note 3 2013 information on business segments we organize our business segments based on the nature of the products and services offered . effective december 31 , 2012 , we operate in five business segments : aeronautics , information systems & global solutions ( is&gs ) , missiles and fire control ( mfc ) , mission systems and training ( mst ) , and space systems . this structure reflects the reorganization of our former electronic systems business segment into the new mfc and mst business segments in order to streamline our operations and enhance customer alignment . in connection with this reorganization , management layers at our former electronic systems business segment and our former global training and logistics ( gtl ) business were eliminated , and the former gtl business was split between the two new business segments . in addition , operating results for sandia corporation , which manages the sandia national laboratories for the u.s . department of energy , and our equity interest in the u.k . atomic weapons establishment joint venture were transferred from our former electronic systems business segment to our space systems business segment . the amounts , discussion , and presentation of our business segments reflect this reorganization for all years presented in this annual report on form 10-k . the following is a brief description of the activities of our business segments : 2030 aeronautics 2013 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 . 2030 information systems & global solutions 2013 provides management services , integrated information technology solutions , and advanced technology systems and expertise across a broad spectrum of applications for civil , defense , intelligence , and other government customers . 2030 missiles and fire control 2013 provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; logistics and other technical services ; and manned and unmanned ground vehicles . 2030 mission systems and training 2013 provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . 2030 space systems 2013 engaged in the research and development , design , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems . space systems is also responsible for various classified systems and services in support of vital national security systems . operating results for our space systems business segment include our equity interests in united launch alliance , which provides expendable launch services for the u.s . government , united space alliance , which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011 , and a joint venture that manages the u.k . 2019s atomic weapons establishment program. .
Question: what is the percentage change in the weighted average common shares outstanding for basic computations from 2011 to 2012?
Answer:

Answer: -0.03632


Question:
Please answer the given financial question based on the context.
Context: the weighted-average grant date fair value of altria group , inc . restricted stock and deferred stock granted during the years ended december 31 , 2014 , 2013 and 2012 was $ 53 million , $ 49 million and $ 53 million , respectively , or $ 36.75 , $ 33.76 and $ 28.77 per restricted or deferred share , respectively . the total fair value of altria group , inc . restricted stock and deferred stock vested during the years ended december 31 , 2014 , 2013 and 2012 was $ 86 million , $ 89 million and $ 81 million , respectively . stock options : altria group , inc . has not granted stock options since 2002 , and there have been no stock options outstanding since february 29 , 2012 . the total intrinsic value of options exercised during the year ended december 31 , 2012 was insignificant . note 12 . earnings per share basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .
|( in millions )|for the years ended december 31 , 2014|for the years ended december 31 , 2013|for the years ended december 31 , 2012|
|net earnings attributable to altria group inc .|$ 5070|$ 4535|$ 4180|
|less : distributed and undistributed earnings attributable to unvested restricted and deferred shares|-12 ( 12 )|-12 ( 12 )|-13 ( 13 )|
|earnings for basic and diluted eps|$ 5058|$ 4523|$ 4167|
|weighted-average shares for basic and diluted eps|1978|1999|2024|
net earnings attributable to altria group , inc . $ 5070 $ 4535 $ 4180 less : distributed and undistributed earnings attributable to unvested restricted and deferred shares ( 12 ) ( 12 ) ( 13 ) earnings for basic and diluted eps $ 5058 $ 4523 $ 4167 weighted-average shares for basic and diluted eps 1978 1999 2024 since february 29 , 2012 , there have been no stock options outstanding . for the 2012 computation , there were no antidilutive stock options . altria group , inc . and subsidiaries notes to consolidated financial statements _________________________ altria_mdc_2014form10k_nolinks_crops.pdf 54 2/25/15 5:56 pm .
Question: what is the percent change in earnings for basic and diluted eps from 2013 to 2014?
Answer:

Answer: 0.11828


Question:
Please answer the given financial question based on the context.
Context: goodwill and other intangible assets goodwill goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination . the company 2019s reporting units are its operating segments . during the second quarter of 2017 , the company completed its scheduled annual assessment for goodwill impairment across its eleven reporting units through a quantitative analysis , utilizing a discounted cash flow approach , which incorporates assumptions regarding future growth rates , terminal values , and discount rates . the two-step quantitative process involved comparing the estimated fair value of each reporting unit to the reporting unit 2019s carrying value , including goodwill . if the fair value of a reporting unit exceeds its carrying value , goodwill of the reporting unit is considered not to be impaired , and the second step of the impairment test is unnecessary . if the carrying amount of the reporting unit exceeds its fair value , the second step of the goodwill impairment test would be performed to measure the amount of impairment loss to be recorded , if any . the company 2019s goodwill impairment assessment for 2017 indicated the estimated fair value of each of its reporting units exceeded its carrying amount by a significant margin . if circumstances change significantly , the company would also test a reporting unit 2019s goodwill for impairment during interim periods between its annual tests . there has been no impairment of goodwill in any of the years presented . in the fourth quarter of 2017 , the company sold the equipment care business , which was a reporting unit , and the goodwill associated with equipment care was disposed of upon sale . no other events occurred during the second half of 2017 that indicated a need to update the company 2019s conclusions reached during the second quarter of 2017 . the changes in the carrying amount of goodwill for each of the company 2019s reportable segments are as follows : global global global ( millions ) industrial institutional energy other total .
|( millions )|global industrial|global institutional|global energy|other|total|
|december 31 2015|$ 2560.8|$ 662.7|$ 3151.5|$ 115.8|$ 6490.8|
|segment change ( a )|62.7|-62.7 ( 62.7 )|-|-|-|
|december 31 2015 revised|$ 2623.5|$ 600.0|$ 3151.5|$ 115.8|$ 6490.8|
|current year business combinations ( b )|-|3.1|0.6|-|3.7|
|prior year business combinations ( c )|3.5|-|0.1|-|3.6|
|reclassifications ( d )|3.5|-0.6 ( 0.6 )|-2.9 ( 2.9 )|-|-|
|effect of foreign currency translation|-45.5 ( 45.5 )|-11.8 ( 11.8 )|-55.7 ( 55.7 )|-2.1 ( 2.1 )|-115.1 ( 115.1 )|
|december 31 2016|$ 2585.0|$ 590.7|$ 3093.6|$ 113.7|$ 6383.0|
|current year business combinations ( b )|123.4|403.7|8.1|63.9|599.1|
|prior year business combinations ( c )|-0.2 ( 0.2 )|-|0.3|-|0.1|
|dispositions|-|-|-|-42.6 ( 42.6 )|-42.6 ( 42.6 )|
|effect of foreign currency translation|88.8|32.6|101.7|4.4|227.5|
|december 31 2017|$ 2797.0|$ 1027.0|$ 3203.7|$ 139.4|$ 7167.1|
( a ) relates to establishment of the life sciences reporting unit in the first quarter of 2017 , and goodwill being allocated to life sciences based on a fair value allocation of goodwill . the life sciences reporting unit is included in the industrial reportable segment and is comprised of operations previously recorded in the food & beverage and healthcare reporting units , which are aggregated and reported in the global industrial and global institutional reportable segments , respectively . see note 17 for further information . ( b ) for 2017 , the company expects $ 79.2 million of the goodwill related to businesses acquired to be tax deductible . for 2016 , $ 3.0 million of the goodwill related to businesses acquired is expected to be tax deductible . ( c ) represents purchase price allocation adjustments for acquisitions deemed preliminary as of the end of the prior year . ( d ) represents immaterial reclassifications of beginning balances to conform to the current or prior year presentation due to customer reclassifications across reporting segments completed in the first quarter of the respective year. .
Question: what is the percentage change in the total carrying amount of goodwill from 2016 to 2017?
Answer:

Answer: 0.12284


Question:
Please answer the given financial question based on the context.
Context: marathon oil corporation notes to consolidated financial statements expected long-term return on plan assets 2013 the expected long-term return on plan assets assumption for our u.s . funded plan is determined based on an asset rate-of-return modeling tool developed by a third-party investment group which utilizes underlying assumptions based on actual returns by asset category and inflation and takes into account our u.s . pension plan 2019s asset allocation . to determine the expected long-term return on plan assets assumption for our international plans , we consider the current level of expected returns on risk-free investments ( primarily government bonds ) , the historical levels of the risk premiums associated with the other applicable asset categories and the expectations for future returns of each asset class . the expected return for each asset category is then weighted based on the actual asset allocation to develop the overall expected long-term return on plan assets assumption . assumed weighted average health care cost trend rates .
||2017|2016|2015|
|initial health care trend rate|8.00% ( 8.00 % )|8.25% ( 8.25 % )|8.00% ( 8.00 % )|
|ultimate trend rate|4.70% ( 4.70 % )|4.50% ( 4.50 % )|4.50% ( 4.50 % )|
|year ultimate trend rate is reached|2025|2025|2024|
employer provided subsidies for post-65 retiree health care coverage were frozen effective january 1 , 2017 at january 1 , 2016 established amount levels . company contributions are funded to a health reimbursement account on the retiree 2019s behalf to subsidize the retiree 2019s cost of obtaining health care benefits through a private exchange . therefore , a 1% ( 1 % ) change in health care cost trend rates would not have a material impact on either the service and interest cost components and the postretirement benefit obligations . plan investment policies and strategies 2013 the investment policies for our u.s . and international pension plan assets reflect the funded status of the plans and expectations regarding our future ability to make further contributions . long-term investment goals are to : ( 1 ) manage the assets in accordance with applicable legal requirements ; ( 2 ) produce investment returns which meet or exceed the rates of return achievable in the capital markets while maintaining the risk parameters set by the plan's investment committees and protecting the assets from any erosion of purchasing power ; and ( 3 ) position the portfolios with a long-term risk/return orientation . investment performance and risk is measured and monitored on an ongoing basis through quarterly investment meetings and periodic asset and liability studies . u.s . plan 2013 the plan 2019s current targeted asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) other fixed income securities . over time , as the plan 2019s funded ratio ( as defined by the investment policy ) improves , in order to reduce volatility in returns and to better match the plan 2019s liabilities , the allocation to equity securities will decrease while the amount allocated to fixed income securities will increase . the plan's assets are managed by a third-party investment manager . international plan 2013 our international plan's target asset allocation is comprised of 55% ( 55 % ) equity securities and 45% ( 45 % ) fixed income securities . the plan assets are invested in ten separate portfolios , mainly pooled fund vehicles , managed by several professional investment managers whose performance is measured independently by a third-party asset servicing consulting fair value measurements 2013 plan assets are measured at fair value . the following provides a description of the valuation techniques employed for each major plan asset class at december 31 , 2017 and 2016 . cash and cash equivalents 2013 cash and cash equivalents are valued using a market approach and are considered level 1 . this investment also includes a cash reserve account ( a collective short-term investment fund ) that is valued using an income approach and is considered level 2 . equity securities - investments in common stock and preferred stock are valued using a market approach at the closing price reported in an active market and are therefore considered level 1 . private equity investments include interests in limited partnerships which are valued based on the sum of the estimated fair values of the investments held by each partnership . these private equity investments are considered level 3 . investments in pooled funds are valued using a market approach at the net asset value ( "nav" ) of units held . the various funds consist of either an equity or fixed income investment portfolio with underlying investments held in u.s . and non-u.s . securities . nearly all of the underlying investments are publicly-traded . the majority of the pooled funds are benchmarked against a relative public index . these are considered level 2 . fixed income securities - fixed income securities are valued using a market approach . u.s . treasury notes and exchange traded funds ( "etfs" ) are valued at the closing price reported in an active market and are considered level 1 . corporate bonds , non-u.s . government bonds , private placements , taxable municipals , gnma/fnma pools , and yankee bonds are valued using calculated yield curves created by models that incorporate various market factors . primarily investments are held in u.s . and non-u.s . corporate bonds in diverse industries and are considered level 2 . other fixed income investments include futures contracts , real estate investment trusts , credit default , zero coupon , and interest rate swaps . the investment in the commingled .
Question: what is the difference in the initial health care trend rate and the ultimate health care trend rate in 2016?
Answer:

Answer: 0.0375


Question:
Please answer the given financial question based on the context.
Context: management 2019s discussion and analysis 58 jpmorgan chase & co./2018 form 10-k net interest income and net yield excluding cib 2019s markets businesses in addition to reviewing net interest income and the net interest yield on a managed basis , management also reviews these metrics excluding cib 2019s markets businesses , as shown below ; these metrics , which exclude cib 2019s markets businesses , are non-gaap financial measures . management reviews these metrics to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . the resulting metrics that exclude cib 2019s markets businesses are referred to as non-markets-related net interest income and net yield . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets-related net interest income and net yield provides investors and analysts with other measures 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 . year ended december 31 , ( in millions , except rates ) 2018 2017 2016 net interest income 2013 managed basis ( a ) ( b ) $ 55687 $ 51410 $ 47292 less : cib markets net interest income ( c ) 3087 4630 6334 net interest income excluding cib markets ( a ) $ 52600 $ 46780 $ 40958 average interest-earning assets $ 2229188 $ 2180592 $ 2101604 less : average cib markets interest-earning assets ( c ) 609635 540835 520307 average interest-earning assets excluding cib markets $ 1619553 $ 1639757 $ 1581297 net interest yield on average interest-earning assets 2013 managed basis 2.50% ( 2.50 % ) 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.51 0.86 1.22 net interest yield on average interest-earning assets excluding cib markets 3.25% ( 3.25 % ) 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) ( 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 , refer to reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 57 . ( c ) for further information on cib 2019s markets businesses , refer to page 69 . 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 the firm also reviews adjusted expense , which is noninterest expense excluding firmwide legal expense and is therefore a non-gaap financial measure . additionally , certain credit metrics and ratios disclosed by the firm exclude pci loans , and are therefore non-gaap measures . management believes these measures help investors understand the effect of these items on reported results and provide an alternate presentation of the firm 2019s performance . for additional information on credit metrics and ratios excluding pci loans , refer to credit and investment risk management on pages 102-123. .
|year ended december 31 ( in millions except rates )|2018|2017|2016|
|net interest income 2013 managed basis ( a ) ( b )|$ 55687|$ 51410|$ 47292|
|less : cib markets net interest income ( c )|3087|4630|6334|
|net interest income excluding cib markets ( a )|$ 52600|$ 46780|$ 40958|
|average interest-earning assets|$ 2229188|$ 2180592|$ 2101604|
|less : average cib markets interest-earning assets ( c )|609635|540835|520307|
|average interest-earning assets excluding cib markets|$ 1619553|$ 1639757|$ 1581297|
|net interest yield on average interest-earning assets 2013 managed basis|2.50% ( 2.50 % )|2.36% ( 2.36 % )|2.25% ( 2.25 % )|
|net interest yield on average cib markets interest-earning assets ( c )|0.51|0.86|1.22|
|net interest yield on average interest-earning assets excluding cib markets|3.25% ( 3.25 % )|2.85% ( 2.85 % )|2.59% ( 2.59 % )|
management 2019s discussion and analysis 58 jpmorgan chase & co./2018 form 10-k net interest income and net yield excluding cib 2019s markets businesses in addition to reviewing net interest income and the net interest yield on a managed basis , management also reviews these metrics excluding cib 2019s markets businesses , as shown below ; these metrics , which exclude cib 2019s markets businesses , are non-gaap financial measures . management reviews these metrics to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . the resulting metrics that exclude cib 2019s markets businesses are referred to as non-markets-related net interest income and net yield . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets-related net interest income and net yield provides investors and analysts with other measures 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 . year ended december 31 , ( in millions , except rates ) 2018 2017 2016 net interest income 2013 managed basis ( a ) ( b ) $ 55687 $ 51410 $ 47292 less : cib markets net interest income ( c ) 3087 4630 6334 net interest income excluding cib markets ( a ) $ 52600 $ 46780 $ 40958 average interest-earning assets $ 2229188 $ 2180592 $ 2101604 less : average cib markets interest-earning assets ( c ) 609635 540835 520307 average interest-earning assets excluding cib markets $ 1619553 $ 1639757 $ 1581297 net interest yield on average interest-earning assets 2013 managed basis 2.50% ( 2.50 % ) 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.51 0.86 1.22 net interest yield on average interest-earning assets excluding cib markets 3.25% ( 3.25 % ) 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) ( 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 , refer to reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 57 . ( c ) for further information on cib 2019s markets businesses , refer to page 69 . 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 the firm also reviews adjusted expense , which is noninterest expense excluding firmwide legal expense and is therefore a non-gaap financial measure . additionally , certain credit metrics and ratios disclosed by the firm exclude pci loans , and are therefore non-gaap measures . management believes these measures help investors understand the effect of these items on reported results and provide an alternate presentation of the firm 2019s performance . for additional information on credit metrics and ratios excluding pci loans , refer to credit and investment risk management on pages 102-123. .
Question: considering the net interest income managed basis in 2017 , what is the amount of expenses associated with liabilities , in millions of dollars?
Answer:

Answer: 2129182.0


Question:
Please answer the given financial question based on the context.
Context: entergy mississippi , inc . management's financial discussion and analysis other regulatory charges ( credits ) have no material effect on net income due to recovery and/or refund of such expenses . other regulatory credits increased primarily due to the under-recovery through the grand gulf rider of grand gulf capacity charges . 2003 compared to 2002 net revenue , which is entergy mississippi's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2003 to 2002. .
||( in millions )|
|2002 net revenue|$ 380.2|
|base rates|48.3|
|other|-1.9 ( 1.9 )|
|2003 net revenue|$ 426.6|
the increase in base rates was effective january 2003 as approved by the mpsc . gross operating revenue , fuel and purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to an increase in base rates effective january 2003 and an increase of $ 29.7 million in fuel cost recovery revenues due to quarterly changes in the fuel factor resulting from the increases in market prices of natural gas and purchased power . this increase was partially offset by a decrease of $ 35.9 million in gross wholesale revenue as a result of decreased generation and purchases that resulted in less energy available for resale sales . fuel and fuel-related expenses decreased primarily due to the decreased recovery of fuel and purchased power costs and decreased generation , partially offset by an increase in the market price of purchased power . other regulatory charges increased primarily due to over-recovery of capacity charges related to the grand gulf rate rider and the cessation of the grand gulf accelerated recovery tariff that was suspended in july 2003 . other income statement variances 2004 compared to 2003 other operation and maintenance expenses increased primarily due to : 2022 an increase of $ 6.6 million in customer service support costs ; and 2022 an increase of $ 3.7 million in benefit costs . the increase was partially offset by the absence of the voluntary severance program accruals of $ 7.1 million that occurred in 2003 . taxes other than income taxes increased primarily due to a higher assessment of ad valorem and franchise taxes compared to the same period in 2003 . 2003 compared to 2002 other operation and maintenance expenses increased primarily due to : 2022 voluntary severance program accruals of $ 7.1 million ; and 2022 an increase of $ 4.4 million in benefit costs. .
Question: what is the decrease in gross wholesale revenue as a percentage of 2003 net revenue?
Answer:

Answer: 0.08415


Question:
Please answer the given financial question based on the context.
Context: issuer purchases of equity securities during the three months ended december 31 , 2012 , we repurchased 619314 shares of our common stock for an aggregate of approximately $ 46.0 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .
|period|total number of shares purchased ( 1 )|average price paid per share ( 2 )|total number of shares purchased as part of publicly announced plans orprograms|approximate dollar value of shares that may yet be purchased under the plans orprograms ( in millions )|
|october 2012|27524|$ 72.62|27524|$ 1300.1|
|november 2012|489390|$ 74.22|489390|$ 1263.7|
|december 2012|102400|$ 74.83|102400|$ 1256.1|
|total fourth quarter|619314|$ 74.25|619314|$ 1256.1|
( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in march 2011 ( the 201c2011 buyback 201d ) . under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors . to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods . this program may be discontinued at any time . ( 2 ) average price per share is calculated using the aggregate price , excluding commissions and fees . we continued to repurchase shares of our common stock pursuant to our 2011 buyback subsequent to december 31 , 2012 . between january 1 , 2013 and january 21 , 2013 , we repurchased an additional 15790 shares of our common stock for an aggregate of $ 1.2 million , including commissions and fees , pursuant to the 2011 buyback . as a result , as of january 21 , 2013 , we had repurchased a total of approximately 4.3 million shares of our common stock under the 2011 buyback for an aggregate of $ 245.2 million , including commissions and fees . we expect to continue to manage the pacing of the remaining $ 1.3 billion under the 2011 buyback in response to general market conditions and other relevant factors. .
Question: was was the total amount spent on stock repurchases in the fourth quarter?
Answer:

Answer: 45984064.5


Question:
Please answer the given financial question based on the context.
Context: aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel . based on our 2014 forecasted mainline and regional fuel consumption , we estimate that as of december 31 , 2013 , a $ 1 per barrel increase in the price of crude oil would increase our 2014 annual fuel expense by $ 104 million ( excluding the effect of our hedges ) , and by $ 87 million ( taking into account such hedges ) . the following table shows annual aircraft fuel consumption and costs , including taxes , for american , it's third-party regional carriers and american eagle , for 2011 through 2013 . aag's consolidated fuel requirements in 2014 are expected to increase significantly to approximately 4.4 billion gallons as a result of a full year of us airways operations . gallons consumed ( in millions ) average cost per gallon total cost ( in millions ) percent of total operating expenses .
|year|gallons consumed ( in millions )|average costper gallon|total cost ( in millions )|percent of total operating expenses|
|2011|2756|$ 3.01|$ 8304|33.2% ( 33.2 % )|
|2012|2723|$ 3.20|$ 8717|35.3% ( 35.3 % )|
|2013|2806|$ 3.09|$ 8959|35.3% ( 35.3 % )|
total fuel expenses for american eagle and american's third-party regional carriers operating under capacity purchase agreements for the years ended december 31 , 2013 , 2012 and 2011 were $ 1.1 billion , $ 1.0 billion and $ 946 million , respectively . in order to provide a measure of control over price and supply , we trade and ship fuel and maintain fuel storage facilities to support our flight operations . prior to the effective date , we from time to time entered into hedging contracts , which consist primarily of call options , collars ( consisting of a purchased call option and a sold put option ) and call spreads ( consisting of a purchased call option and a sold call option ) . heating oil , jet fuel and crude oil are the primary underlying commodities in the hedge portfolio . depending on movements in the price of fuel , our fuel hedging can result in gains or losses on its fuel hedges . for more discussion see part i , item 1a . risk factors - " our business is dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity." as of january 2014 , we had hedges covering approximately 19% ( 19 % ) of estimated consolidated aag ( including the estimated fuel requirements of us airways ) 2014 fuel requirements . the consumption hedged for 2014 is capped at an average price of approximately $ 2.91 per gallon of jet fuel . one percent of our estimated 2014 fuel requirement is hedged using call spreads with protection capped at an average price of approximately $ 3.18 per gallon of jet fuel . eighteen percent of our estimated 2014 fuel requirement is hedged using collars with an average floor price of approximately $ 2.62 per gallon of jet fuel . the cap and floor prices exclude taxes and transportation costs . we have not entered into any fuel hedges since the effective date and our current policy is not to do so . see part ii , item 7 . management 2019s discussion and analysis of financial condition and results of operations , item 7 ( a ) . quantitative and qualitative disclosures about market risk , note 10 to aag's consolidated financial statements in item 8a and note 9 to american's consolidated financial statements in item 8b . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors - " our business is dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices and significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity." insurance we maintain insurance of the types that we believe are customary in the airline industry , including insurance for public liability , passenger liability , property damage , and all-risk coverage for damage to its aircraft . principal coverage includes liability for injury to members of the public , including passengers , damage to property of aag , its subsidiaries and others , and loss of or damage to flight equipment , whether on the ground or in flight . we also maintain other types of insurance such as workers 2019 compensation and employer 2019s liability , with limits and deductibles that we believe are standard within the industry . since september 11 , 2001 , we and other airlines have been unable to obtain coverage for liability to persons other than employees and passengers for claims resulting from acts of terrorism , war or similar events , which is called war risk coverage , at reasonable rates from the commercial insurance market . we , therefore , purchased our war risk coverage through a special program administered by the faa , as have most other u.s . airlines . this program , which currently expires september 30 , 2014 .
Question: what is the percentage change in total cost of aircraft fuel in 2013?
Answer:

Answer: 0.02776


Question:
Please answer the given financial question based on the context.
Context: jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits . certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets . in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties . the significant components of the firm 2019s pledged assets were as follows. .
|december 31 ( in billions )|2010|2009|
|securities|$ 112.1|$ 155.3|
|loans|214.8|285.5|
|trading assets and other|123.2|84.6|
|totalassetspledged ( a )|$ 450.1|$ 525.4|
total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities . see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies . collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively . this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements . of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements . the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements . prior period amounts have been revised to conform to the current presentation . this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations . contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business . the resolution of these issues did not have a material effect on the firm. .
Question: what was the percent of the firm 2019s total pledged assets in 2010 that was loans
Answer:

Answer: 0.47723


Question:
Please answer the given financial question based on the context.
Context: note 2 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
||2012|2011|2010|
|weighted average common shares outstanding for basic computations|323.7|335.9|364.2|
|weighted average dilutive effect of stock options and restricted stockunits|4.7|4.0|4.1|
|weighted average common shares outstanding for diluted computations|328.4|339.9|368.3|
we compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented . our calculation of diluted earnings per common share includes the dilutive effects for the assumed exercise of stock options and vesting of restricted stock units based on the treasury stock method . the computation of diluted earnings per common share excluded 8.0 million , 13.4 million , and 14.7 million stock options for the years ended december 31 , 2012 , 2011 , and 2010 because their inclusion would have been anti-dilutive , primarily due to their exercise prices exceeding the average market price of our common stock during each respective reporting period . note 3 2013 information on business segments we organize our business segments based on the nature of the products and services offered . effective december 31 , 2012 , we operate in five business segments : aeronautics , information systems & global solutions ( is&gs ) , missiles and fire control ( mfc ) , mission systems and training ( mst ) , and space systems . this structure reflects the reorganization of our former electronic systems business segment into the new mfc and mst business segments in order to streamline our operations and enhance customer alignment . in connection with this reorganization , management layers at our former electronic systems business segment and our former global training and logistics ( gtl ) business were eliminated , and the former gtl business was split between the two new business segments . in addition , operating results for sandia corporation , which manages the sandia national laboratories for the u.s . department of energy , and our equity interest in the u.k . atomic weapons establishment joint venture were transferred from our former electronic systems business segment to our space systems business segment . the amounts , discussion , and presentation of our business segments reflect this reorganization for all years presented in this annual report on form 10-k . the following is a brief description of the activities of our business segments : 2030 aeronautics 2013 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 . 2030 information systems & global solutions 2013 provides management services , integrated information technology solutions , and advanced technology systems and expertise across a broad spectrum of applications for civil , defense , intelligence , and other government customers . 2030 missiles and fire control 2013 provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; logistics and other technical services ; and manned and unmanned ground vehicles . 2030 mission systems and training 2013 provides surface ship and submarine combat systems ; sea and land-based missile defense systems ; radar systems ; mission systems and sensors for rotary and fixed-wing aircraft ; littoral combat ships ; simulation and training services ; unmanned technologies and platforms ; ship systems integration ; and military and commercial training systems . 2030 space systems 2013 engaged in the research and development , design , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems . space systems is also responsible for various classified systems and services in support of vital national security systems . operating results for our space systems business segment include our equity interests in united launch alliance , which provides expendable launch services for the u.s . government , united space alliance , which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011 , and a joint venture that manages the u.k . 2019s atomic weapons establishment program. .
Question: what was the percent of the change in weighted average common shares outstanding for diluted computations from 2011 to 2012
Answer:

Answer: -0.03383


Question:
Please answer the given financial question based on the context.
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 3.00% ( 3.00 % ) convertible notes 2014during the years ended december 31 , 2008 and 2007 , the company issued an aggregate of approximately 8.9 million and 973 shares of common stock , respectively , upon conversion of $ 182.8 million and $ 0.02 million principal amount , respectively , of 3.00% ( 3.00 % ) notes . pursuant to the terms of the indenture , holders of the 3.00% ( 3.00 % ) notes are entitled to receive 48.7805 shares of common stock for every $ 1000 principal amount of notes converted . in connection with the conversions in 2008 , the company paid such holders an aggregate of approximately $ 4.7 million , calculated based on the discounted value of the future interest payments on the notes , which is reflected in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended december 31 , 2008 . 14 . impairments , net loss on sale of long-lived assets , restructuring and merger related expense the significant components reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense in the accompanying consolidated statements of operations include the following : impairments and net loss on sale of long-lived assets 2014during the years ended december 31 , 2008 , 2007 and 2006 , the company recorded impairments and net loss on sale of long-lived assets ( primarily related to its rental and management segment ) of $ 11.2 million , $ 9.2 million and $ 2.6 million , respectively . during the years ended december 31 , 2008 , 2007 and 2006 respectively , the company recorded net losses associated with the sales of certain non-core towers and other assets , as well as impairment charges to write-down certain assets to net realizable value after an indicator of impairment had been identified . as a result , the company recorded net losses and impairments of approximately $ 10.5 million , $ 7.1 million and $ 2.0 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . the net loss for the year ended december 31 , 2008 is comprised of net losses from asset sales and other impairments of $ 10.7 million , offset by gains from asset sales of $ 0.2 million . the net loss for the year ended december 31 , 2007 is comprised of net losses from asset sales and other impairments of $ 7.8 million , offset by gains from asset sales of $ 0.7 million . merger related expense 2014during the year ended december 31 , 2005 , the company assumed certain obligations , as a result of the merger with spectrasite , inc. , primarily related to employee separation costs of former spectrasite employees . severance payments made to former spectrasite , inc . employees were subject to plans and agreements established by spectrasite , inc . and assumed by the company in connection with the merger . these costs were recognized as an assumed liability in the purchase price allocation . in addition , the company also incurred certain merger related costs for additional employee retention and separation costs incurred during the year ended december 31 , 2006 . the following table displays the activity with respect to this accrued liability for the years ended december 31 , 2008 , 2007 and 2006 ( in thousands ) : liability december 31 , expense 2006 cash payments other liability december 31 , expense 2007 cash payments other liability december 31 , expense 2008 cash payments other liability december 31 , employee separations . . . . $ 20963 $ 496 $ ( 12389 ) $ ( 1743 ) $ 7327 $ 633 $ ( 6110 ) $ ( 304 ) $ 1546 $ 284 $ ( 1901 ) $ 71 2014 as of december 31 , 2008 , the company had paid all of these merger related liabilities. .
|employee separations|liability as of december 31 2005 $ 20963|2006 expense $ 496|2006 cash payments $ -12389 ( 12389 )|other $ -1743 ( 1743 )|liability as of december 31 2006 $ 7327|2007 expense $ 633|2007 cash payments $ -6110 ( 6110 )|other $ -304 ( 304 )|liability as of december 31 2007 $ 1546|2008 expense $ 284|2008 cash payments $ -1901 ( 1901 )|other $ 71|liability as of december 31 2008 2014|
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 3.00% ( 3.00 % ) convertible notes 2014during the years ended december 31 , 2008 and 2007 , the company issued an aggregate of approximately 8.9 million and 973 shares of common stock , respectively , upon conversion of $ 182.8 million and $ 0.02 million principal amount , respectively , of 3.00% ( 3.00 % ) notes . pursuant to the terms of the indenture , holders of the 3.00% ( 3.00 % ) notes are entitled to receive 48.7805 shares of common stock for every $ 1000 principal amount of notes converted . in connection with the conversions in 2008 , the company paid such holders an aggregate of approximately $ 4.7 million , calculated based on the discounted value of the future interest payments on the notes , which is reflected in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended december 31 , 2008 . 14 . impairments , net loss on sale of long-lived assets , restructuring and merger related expense the significant components reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense in the accompanying consolidated statements of operations include the following : impairments and net loss on sale of long-lived assets 2014during the years ended december 31 , 2008 , 2007 and 2006 , the company recorded impairments and net loss on sale of long-lived assets ( primarily related to its rental and management segment ) of $ 11.2 million , $ 9.2 million and $ 2.6 million , respectively . during the years ended december 31 , 2008 , 2007 and 2006 respectively , the company recorded net losses associated with the sales of certain non-core towers and other assets , as well as impairment charges to write-down certain assets to net realizable value after an indicator of impairment had been identified . as a result , the company recorded net losses and impairments of approximately $ 10.5 million , $ 7.1 million and $ 2.0 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . the net loss for the year ended december 31 , 2008 is comprised of net losses from asset sales and other impairments of $ 10.7 million , offset by gains from asset sales of $ 0.2 million . the net loss for the year ended december 31 , 2007 is comprised of net losses from asset sales and other impairments of $ 7.8 million , offset by gains from asset sales of $ 0.7 million . merger related expense 2014during the year ended december 31 , 2005 , the company assumed certain obligations , as a result of the merger with spectrasite , inc. , primarily related to employee separation costs of former spectrasite employees . severance payments made to former spectrasite , inc . employees were subject to plans and agreements established by spectrasite , inc . and assumed by the company in connection with the merger . these costs were recognized as an assumed liability in the purchase price allocation . in addition , the company also incurred certain merger related costs for additional employee retention and separation costs incurred during the year ended december 31 , 2006 . the following table displays the activity with respect to this accrued liability for the years ended december 31 , 2008 , 2007 and 2006 ( in thousands ) : liability december 31 , expense 2006 cash payments other liability december 31 , expense 2007 cash payments other liability december 31 , expense 2008 cash payments other liability december 31 , employee separations . . . . $ 20963 $ 496 $ ( 12389 ) $ ( 1743 ) $ 7327 $ 633 $ ( 6110 ) $ ( 304 ) $ 1546 $ 284 $ ( 1901 ) $ 71 2014 as of december 31 , 2008 , the company had paid all of these merger related liabilities. .
Question: what is the net change in the balance of liability related to employee separations during 2005?
Answer:

Answer: -5781.0


Question:
Please answer the given financial question based on the context.
Context: debt issuance costs : debt issuance costs are reflected as a direct deduction of our long-term debt balance on the consolidated balance sheets . we incurred debt issuance costs of $ 15 million in 2018 and $ 53 million in 2016 . debt issuance costs in 2017 were insignificant . unamortized debt issuance costs were $ 115 million at december 29 , 2018 , $ 114 million at december 30 , 2017 , and $ 124 million at december 31 , 2016 . amortization of debt issuance costs was $ 16 million in 2018 , $ 16 million in 2017 , and $ 14 million in 2016 . debt premium : unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt . unamortized debt premium , net , was $ 430 million at december 29 , 2018 and $ 505 million at december 30 , 2017 . amortization of our debt premium , net , was $ 65 million in 2018 , $ 81 million in 2017 , and $ 88 million in 2016 . debt repayments : in july and august 2018 , we repaid $ 2.7 billion aggregate principal amount of senior notes that matured in the period . we funded these long-term debt repayments primarily with proceeds from the new notes issued in june 2018 . additionally , in june 2017 , we repaid $ 2.0 billion aggregate principal amount of senior notes that matured in the period . we funded these long-term debt repayments primarily with cash on hand and our commercial paper programs . fair value of debt : at december 29 , 2018 , the aggregate fair value of our total debt was $ 30.1 billion as compared with a carrying value of $ 31.2 billion . at december 30 , 2017 , the aggregate fair value of our total debt was $ 33.0 billion as compared with a carrying value of $ 31.5 billion . our short-term debt and commercial paper had carrying values that approximated their fair values at december 29 , 2018 and december 30 , 2017 . we determined the fair value of our long-term debt using level 2 inputs . fair values are generally estimated based on quoted market prices for identical or similar instruments . note 20 . capital stock preferred stock our second amended and restated certificate of incorporation authorizes the issuance of up to 920000 shares of preferred stock . on june 7 , 2016 , we redeemed all 80000 outstanding shares of our series a preferred stock for $ 8.3 billion . we funded this redemption primarily through the issuance of long-term debt in may 2016 , as well as other sources of liquidity , including our u.s . commercial paper program , u.s . securitization program , and cash on hand . in connection with the redemption , all series a preferred stock was canceled and automatically retired . common stock our second amended and restated certificate of incorporation authorizes the issuance of up to 5.0 billion shares of common stock . shares of common stock issued , in treasury , and outstanding were ( in millions of shares ) : shares issued treasury shares shares outstanding .
||shares issued|treasury shares|shares outstanding|
|balance at january 3 2016|1214|2014|1214|
|exercise of stock options issuance of other stock awards and other|5|-2 ( 2 )|3|
|balance at december 31 2016|1219|-2 ( 2 )|1217|
|exercise of stock options issuance of other stock awards and other|2|2014|2|
|balance at december 30 2017|1221|-2 ( 2 )|1219|
|exercise of stock options issuance of other stock awards and other|3|-2 ( 2 )|1|
|balance at december 29 2018|1224|-4 ( 4 )|1220|
.
Question: how many shares were issued during the period of 2016 to 2018 , in millions?
Answer:

Answer: 10.0


Question:
Please answer the given financial question based on the context.
Context: the contracts were valued as of april 1 , 2002 , and an asset and a corresponding gain of $ 127 million , net of income taxes , was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002 . the majority of the gain recorded relates to the warrior run contract , as the asset value of the deepwater contract on april 1 , 2002 , was less than $ 1 million . the warrior run contract qualifies and was designated as a cash flow hedge as defined by sfas no . 133 and hedge accounting is applied for this contract subsequent to april 1 , 2002 . the contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables . the forward curves used to value the contracts include certain assumptions , including projections of future electricity and gas prices in periods where future prices are not quoted . fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change . such fluctuations will increase the volatility of the company 2019s reported results of operations . 11 . commitments , contingencies and risks operating leases 2014as of december 31 , 2002 , the company was obligated under long-term non-cancelable operating leases , primarily for office rental and site leases . rental expense for operating leases , excluding amounts related to the sale/leaseback discussed below , was $ 31 million $ 32 million and $ 13 million in the years ended december 31 , 2002 , 2001and 2000 , respectively , including commitments of businesses classified as discontinued amounting to $ 6 million in 2002 , $ 16 million in 2001 and $ 6 million in 2000 . the future minimum lease commitments under these leases are as follows ( in millions ) : discontinued total operations .
||total|discontinued operations|
|2003|$ 30|$ 4|
|2004|20|4|
|2005|15|3|
|2006|11|1|
|2007|9|1|
|thereafter|84|1|
|total|$ 169|$ 14|
sale/leaseback 2014in may 1999 , a subsidiary of the company acquired six electric generating stations from new york state electric and gas ( 2018 2018nyseg 2019 2019 ) . concurrently , the subsidiary sold two of the plants to an unrelated third party for $ 666 million and simultaneously entered into a leasing arrangement with the unrelated party . this transaction has been accounted for as a sale/leaseback with operating lease treatment . rental expense was $ 54 million , $ 58 million and $ 54 million in 2002 , 2001 and 2000 , respectively . future minimum lease commitments are as follows ( in millions ) : in connection with the lease of the two power plants , the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent ( other then deferrable basic rent ) and fixed charges expected to become due in the immediately succeeding three-year period . at december 31 , 2002 , 2001 and 2000 , the amount deposited in the rent reserve account approximated .
Question: total discontinued operations represent what percentage of total future minimum lease commitments?
Answer:

Answer: 0.08284


Question:
Please answer the given financial question based on the context.
Context: packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2002 2 . summary of significant accounting policies ( continued ) stock-based compensation pca entered into management equity agreements in june 1999 with 125 of its management-level employees . these agreements provide for the grant of options to purchase up to an aggregate of 6576460 shares of pca 2019s common stock at $ 4.55 per share , the same price per share at which pca holdings llc purchased common stock in the transactions . the agreement called for these options to vest ratably over a five-year period , or upon completion of an initial public offering , full vesting with contractual restrictions on transfer for a period of up to 18 months following completion of the offering . the options vested with the initial public offering in january 2000 , and the restriction period ended august , 2001 . in october 1999 , the company adopted a long-term equity incentive plan , which provides for grants of stock options , stock appreciation rights ( sars ) , restricted stock and performance awards to directors , officers and employees of pca , as well as others who engage in services for pca . option awards granted to officers and employees vest ratably over a four-year period , whereas option awards granted to directors vest immediately . under the plan , which will terminate on june 1 , 2009 , up to 4400000 shares of common stock is available for issuance under the long-term equity incentive plan . a summary of the company 2019s stock option activity , and related information for the years ended december 31 , 2002 , 2001 and 2000 follows : options weighted-average exercise price .
||options|weighted-average exercise price|
|balance january 1 2000|6569200|$ 4.55|
|granted|1059700|11.92|
|exercised|-398138 ( 398138 )|4.55|
|forfeited|-26560 ( 26560 )|6.88|
|balance december 31 2000|7204202|$ 5.62|
|granted|953350|15.45|
|exercised|-1662475 ( 1662475 )|4.59|
|forfeited|-16634 ( 16634 )|11.18|
|balance december 31 2001|6478443|$ 7.31|
|granted|871000|19.55|
|exercised|-811791 ( 811791 )|5.52|
|forfeited|-63550 ( 63550 )|15.44|
|balance december 31 2002|6474102|$ 9.10|
clean proof : for cycle 12 .
Question: what is the total value of the balance of options as of december 31 , 2002 , in millions?
Answer:

Answer: 58.91433


Question:
Please answer the given financial question based on the context.
Context: dish network corporation notes to consolidated financial statements - continued future minimum lease payments under the capital lease obligation , together with the present value of the net minimum lease payments as of december 31 , 2010 are as follows ( in thousands ) : for the years ended december 31 .
|2011|$ 82184|
|2012|77110|
|2013|75970|
|2014|75970|
|2015|75970|
|thereafter|390239|
|total minimum lease payments|777443|
|less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments|-357982 ( 357982 )|
|net minimum lease payments|419461|
|less : amount representing interest|-132490 ( 132490 )|
|present value of net minimum lease payments|286971|
|less : current portion|-24801 ( 24801 )|
|long-term portion of capital lease obligations|$ 262170|
the summary of future maturities of our outstanding long-term debt as of december 31 , 2010 is included in the commitments table in note 14 . 10 . income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards . deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized . we periodically evaluate our need for a valuation allowance . determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities . as of december 31 , 2010 , we had no net operating loss carryforwards ( 201cnols 201d ) for federal income tax purposes and $ 13 million of nol benefit for state income tax purposes . the state nols begin to expire in the year 2020 . in addition , there are $ 11 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance and $ 42 million of capital loss carryforwards which were fully offset by a valuation allowance . the credit carryforwards begin to expire in the year 2011. .
Question: what percentage of total minimum lease payments are due in 2015?
Answer:

Answer: 0.09772


Question:
Please answer the given financial question based on the context.
Context: notes to consolidated financial statements ( continued ) note 7 2014income taxes ( continued ) as of september 30 , 2006 , the company has state and foreign tax loss and state credit carryforwards , the tax effect of which is $ 55 million . certain of those carryforwards , the tax effect of which is $ 12 million , expire between 2016 and 2019 . a portion of these carryforwards was acquired from the company 2019s previous acquisitions , the utilization of which is subject to certain limitations imposed by the internal revenue code . the remaining benefits from tax losses and credits do not expire . as of september 30 , 2006 and september 24 , 2005 , a valuation allowance of $ 5 million was recorded against the deferred tax asset for the benefits of state operating losses that may not be realized . management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with the tax effects of the deferred tax liabilities , will be sufficient to fully recover the remaining deferred tax assets . a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2006 , 2005 , and 2004 ) to income before provision for income taxes , is as follows ( in millions ) : 2006 2005 2004 as restated ( 1 ) as restated ( 1 ) .
||2006|2005 as restated ( 1 )|2004 as restated ( 1 )|
|computed expected tax|$ 987|$ 633|$ 129|
|state taxes net of federal effect|86|-19 ( 19 )|-5 ( 5 )|
|indefinitely invested earnings of foreign subsidiaries|-224 ( 224 )|-98 ( 98 )|-31 ( 31 )|
|nondeductible executive compensation|11|14|12|
|research and development credit net|-12 ( 12 )|-26 ( 26 )|-5 ( 5 )|
|other items|-19 ( 19 )|-24 ( 24 )|4|
|provision for income taxes|$ 829|$ 480|$ 104|
|effective tax rate|29% ( 29 % )|27% ( 27 % )|28% ( 28 % )|
( 1 ) see note 2 , 201crestatement of consolidated financial statements . 201d the company 2019s income taxes payable has been reduced by the tax benefits from employee stock options . the company receives an income tax benefit calculated as the difference between the fair market value of the stock issued at the time of the exercise and the option price , tax effected . the net tax benefits from employee stock option transactions were $ 419 million , $ 428 million ( as restated ( 1 ) ) , and $ 83 million ( as restated ( 1 ) ) in 2006 , 2005 , and 2004 , respectively , and were reflected as an increase to common stock in the consolidated statements of shareholders 2019 equity. .
Question: what was the lowest effective tax rate in the three year period?
Answer:

Answer: 0.27