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ICE-PIXIU

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convfinqa400

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in millions except ratios )</td><td>year ended december 31 , 2005</td><td>year ended december 31 , 2004</td><td>year ended december 31 , change</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>investment bank</td><td>$ 3658</td><td>$ 2948</td><td>24% ( 24 % )</td><td>18% ( 18 % )</td><td>17% ( 17 % )</td></tr><tr><td>3</td><td>retail financial services</td><td>3427</td><td>2199</td><td>56</td><td>26</td><td>24</td></tr><tr><td>4</td><td>card services</td><td>1907</td><td>1274</td><td>50</td><td>16</td><td>17</td></tr><tr><td>5</td><td>commercial banking</td><td>1007</td><td>608</td><td>66</td><td>30</td><td>29</td></tr><tr><td>6</td><td>treasury & securities services</td><td>1037</td><td>440</td><td>136</td><td>55</td><td>17</td></tr><tr><td>7</td><td>asset & wealth management</td><td>1216</td><td>681</td><td>79</td><td>51</td><td>17</td></tr><tr><td>8</td><td>corporate</td><td>-1731 ( 1731 )</td><td>61</td><td>nm</td><td>nm</td><td>nm</td></tr><tr><td>9</td><td>total</td><td>$ 10521</td><td>$ 8211</td><td>28% ( 28 % )</td><td>17% ( 17 % )</td><td>16% ( 16 % )</td></tr></table> jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments . Conversations: Question: what was the percentage of total segment operations that was made of investment banking in 2005? Answer:

0.34769

convfinqa401

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: segment results 2013 operating basis ( a ) ( b ) ( table continued from previous page ) year ended december 31 , operating earnings return on common equity 2013 goodwill ( c ) . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in millions except ratios )</td><td>year ended december 31 , 2005</td><td>year ended december 31 , 2004</td><td>year ended december 31 , change</td><td>2005</td><td>2004</td></tr><tr><td>2</td><td>investment bank</td><td>$ 3658</td><td>$ 2948</td><td>24% ( 24 % )</td><td>18% ( 18 % )</td><td>17% ( 17 % )</td></tr><tr><td>3</td><td>retail financial services</td><td>3427</td><td>2199</td><td>56</td><td>26</td><td>24</td></tr><tr><td>4</td><td>card services</td><td>1907</td><td>1274</td><td>50</td><td>16</td><td>17</td></tr><tr><td>5</td><td>commercial banking</td><td>1007</td><td>608</td><td>66</td><td>30</td><td>29</td></tr><tr><td>6</td><td>treasury & securities services</td><td>1037</td><td>440</td><td>136</td><td>55</td><td>17</td></tr><tr><td>7</td><td>asset & wealth management</td><td>1216</td><td>681</td><td>79</td><td>51</td><td>17</td></tr><tr><td>8</td><td>corporate</td><td>-1731 ( 1731 )</td><td>61</td><td>nm</td><td>nm</td><td>nm</td></tr><tr><td>9</td><td>total</td><td>$ 10521</td><td>$ 8211</td><td>28% ( 28 % )</td><td>17% ( 17 % )</td><td>16% ( 16 % )</td></tr></table> jpmorgan chase & co . / 2005 annual report 35 and are retained in corporate . these retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses ; adjustments to align certain corporate staff , technology and operations allocations with market prices ; and other one-time items not aligned with the business segments . during 2005 , the firm refined cost allocation methodologies related to certain corporate functions , technology and operations expenses in order to improve transparency , consistency and accountability with regard to costs allocated across business segments . prior periods have not been revised to reflect these new cost allocation methodologies . capital allocation each business segment is allocated capital by taking into consideration stand- alone peer comparisons , economic risk measures and regulatory capital requirements . the amount of capital assigned to each business is referred to as equity . at the time of the merger , goodwill , as well as the associated capital , was allocated solely to corporate . effective january 2006 , the firm expects to refine its methodology for allocating capital to the business segments to include any goodwill associated with line of business-directed acquisitions since the merger . u.s . gaap requires the allocation of goodwill to the business segments for impairment testing ( see critical accounting estimates used by the firm and note 15 on pages 81 2013 83 and 114 2013116 , respectively , of this annual report ) . see the capital management section on page 56 of this annual report for a discussion of the equity framework . credit reimbursement tss reimburses the ib for credit portfolio exposures the ib manages on behalf of clients the segments share . at the time of the merger , the reimbursement methodology was revised to be based upon pre-tax earnings , net of the cost of capital related to those exposures . prior to the merger , the credit reimbursement was based upon pre-tax earnings , plus the allocated capital associated with the shared clients . tax-equivalent adjustments segment and firm results reflect revenues on a tax-equivalent basis for segment reporting purposes . refer to explanation and reconciliation of the firm 2019s non-gaap financial measures on page 31 of this annual report for additional details . description of business segment reporting methodology results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business . the management reporting process that derives these results allocates income and expense using market-based methodologies . effective with the merger on july 1 , 2004 , several of the allocation methodologies were revised , as noted below . as prior periods have not been revised to reflect these new methodologies , they are not comparable to the presentation of periods beginning with the third quarter of 2004 . further , the firm continues to assess the assumptions , methodologies and reporting reclassifications used for segment reporting , and further refinements may be implemented in future periods . revenue sharing when business segments join efforts to sell products and services to the firm 2019s clients , the participating business segments agree to share revenues from those transactions . these revenue-sharing agreements were revised on the merger date to provide consistency across the lines of business . funds transfer pricing funds transfer pricing ( 201cftp 201d ) is used to allocate interest income and expense to each business and transfer the primary interest rate risk exposures to corporate . the allocation process is unique to each business and considers the interest rate risk , liquidity risk and regulatory requirements of its stand- alone peers . business segments may retain certain interest rate exposures , subject to management approval , that would be expected in the normal operation of a similar peer business . in the third quarter of 2004 , ftp was revised to conform the policies of the combined firms . expense allocation where business segments use services provided by support units within the firm , the costs of those support units are allocated to the business segments . those expenses are allocated based upon their actual cost , or the lower of actual cost or market cost , as well as upon usage of the services provided . effective with the third quarter of 2004 , the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments . in addition , expenses related to certain corporate functions , technology and operations ceased to be allocated to the business segments . Conversations: q0: what was the percentage of total segment operations that was made of investment banking in 2005? {answer0} Question: what would 2005 operating income be without the commercial banking segment? Answer:

9514.0

convfinqa402

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016</td></tr><tr><td>2</td><td>interest rates net</td><td>$ -410 ( 410 )</td><td>$ -381 ( 381 )</td></tr><tr><td>3</td><td>correlation</td><td>( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) )</td><td>( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )</td></tr><tr><td>4</td><td>volatility ( bps )</td><td>31 to 150 ( 84/78 )</td><td>31 to 151 ( 84/57 )</td></tr><tr><td>5</td><td>credit net</td><td>$ 1505</td><td>$ 2504</td></tr><tr><td>6</td><td>correlation</td><td>28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) )</td><td>35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )</td></tr><tr><td>7</td><td>credit spreads ( bps )</td><td>1 to 633 ( 69/42 )</td><td>1 to 993 ( 122/73 )</td></tr><tr><td>8</td><td>upfront credit points</td><td>0 to 97 ( 42/38 )</td><td>0 to 100 ( 43/35 )</td></tr><tr><td>9</td><td>recovery rates</td><td>22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) )</td><td>1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )</td></tr><tr><td>10</td><td>currencies net</td><td>$ -181 ( 181 )</td><td>$ 3</td></tr><tr><td>11</td><td>correlation</td><td>49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) )</td><td>25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )</td></tr><tr><td>12</td><td>commodities net</td><td>$ 47</td><td>$ 73</td></tr><tr><td>13</td><td>volatility</td><td>9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) )</td><td>13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )</td></tr><tr><td>14</td><td>natural gas spread</td><td>$ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) )</td><td>$ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )</td></tr><tr><td>15</td><td>oil spread</td><td>$ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 )</td><td>$ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )</td></tr><tr><td>16</td><td>equities net</td><td>$ -1249 ( 1249 )</td><td>$ -3416 ( 3416 )</td></tr><tr><td>17</td><td>correlation</td><td>( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) )</td><td>( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )</td></tr><tr><td>18</td><td>volatility</td><td>4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) )</td><td>5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )</td></tr></table> in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k . Conversations: Question: what was the value of credit net in 2017? Answer:

1505.0

convfinqa403

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016</td></tr><tr><td>2</td><td>interest rates net</td><td>$ -410 ( 410 )</td><td>$ -381 ( 381 )</td></tr><tr><td>3</td><td>correlation</td><td>( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) )</td><td>( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )</td></tr><tr><td>4</td><td>volatility ( bps )</td><td>31 to 150 ( 84/78 )</td><td>31 to 151 ( 84/57 )</td></tr><tr><td>5</td><td>credit net</td><td>$ 1505</td><td>$ 2504</td></tr><tr><td>6</td><td>correlation</td><td>28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) )</td><td>35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )</td></tr><tr><td>7</td><td>credit spreads ( bps )</td><td>1 to 633 ( 69/42 )</td><td>1 to 993 ( 122/73 )</td></tr><tr><td>8</td><td>upfront credit points</td><td>0 to 97 ( 42/38 )</td><td>0 to 100 ( 43/35 )</td></tr><tr><td>9</td><td>recovery rates</td><td>22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) )</td><td>1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )</td></tr><tr><td>10</td><td>currencies net</td><td>$ -181 ( 181 )</td><td>$ 3</td></tr><tr><td>11</td><td>correlation</td><td>49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) )</td><td>25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )</td></tr><tr><td>12</td><td>commodities net</td><td>$ 47</td><td>$ 73</td></tr><tr><td>13</td><td>volatility</td><td>9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) )</td><td>13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )</td></tr><tr><td>14</td><td>natural gas spread</td><td>$ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) )</td><td>$ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )</td></tr><tr><td>15</td><td>oil spread</td><td>$ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 )</td><td>$ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )</td></tr><tr><td>16</td><td>equities net</td><td>$ -1249 ( 1249 )</td><td>$ -3416 ( 3416 )</td></tr><tr><td>17</td><td>correlation</td><td>( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) )</td><td>( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )</td></tr><tr><td>18</td><td>volatility</td><td>4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) )</td><td>5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )</td></tr></table> in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k . Conversations: q0: what was the value of credit net in 2017? {answer0} Question: what was it in 2016? Answer:

2504.0

convfinqa404

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016</td></tr><tr><td>2</td><td>interest rates net</td><td>$ -410 ( 410 )</td><td>$ -381 ( 381 )</td></tr><tr><td>3</td><td>correlation</td><td>( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) )</td><td>( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )</td></tr><tr><td>4</td><td>volatility ( bps )</td><td>31 to 150 ( 84/78 )</td><td>31 to 151 ( 84/57 )</td></tr><tr><td>5</td><td>credit net</td><td>$ 1505</td><td>$ 2504</td></tr><tr><td>6</td><td>correlation</td><td>28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) )</td><td>35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )</td></tr><tr><td>7</td><td>credit spreads ( bps )</td><td>1 to 633 ( 69/42 )</td><td>1 to 993 ( 122/73 )</td></tr><tr><td>8</td><td>upfront credit points</td><td>0 to 97 ( 42/38 )</td><td>0 to 100 ( 43/35 )</td></tr><tr><td>9</td><td>recovery rates</td><td>22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) )</td><td>1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )</td></tr><tr><td>10</td><td>currencies net</td><td>$ -181 ( 181 )</td><td>$ 3</td></tr><tr><td>11</td><td>correlation</td><td>49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) )</td><td>25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )</td></tr><tr><td>12</td><td>commodities net</td><td>$ 47</td><td>$ 73</td></tr><tr><td>13</td><td>volatility</td><td>9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) )</td><td>13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )</td></tr><tr><td>14</td><td>natural gas spread</td><td>$ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) )</td><td>$ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )</td></tr><tr><td>15</td><td>oil spread</td><td>$ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 )</td><td>$ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )</td></tr><tr><td>16</td><td>equities net</td><td>$ -1249 ( 1249 )</td><td>$ -3416 ( 3416 )</td></tr><tr><td>17</td><td>correlation</td><td>( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) )</td><td>( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )</td></tr><tr><td>18</td><td>volatility</td><td>4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) )</td><td>5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )</td></tr></table> in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k . Conversations: q0: what was the value of credit net in 2017? {answer0} q1: what was it in 2016? {answer1} Question: what is the net change? Answer:

-999.0

convfinqa405

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016</td></tr><tr><td>2</td><td>interest rates net</td><td>$ -410 ( 410 )</td><td>$ -381 ( 381 )</td></tr><tr><td>3</td><td>correlation</td><td>( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) )</td><td>( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )</td></tr><tr><td>4</td><td>volatility ( bps )</td><td>31 to 150 ( 84/78 )</td><td>31 to 151 ( 84/57 )</td></tr><tr><td>5</td><td>credit net</td><td>$ 1505</td><td>$ 2504</td></tr><tr><td>6</td><td>correlation</td><td>28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) )</td><td>35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )</td></tr><tr><td>7</td><td>credit spreads ( bps )</td><td>1 to 633 ( 69/42 )</td><td>1 to 993 ( 122/73 )</td></tr><tr><td>8</td><td>upfront credit points</td><td>0 to 97 ( 42/38 )</td><td>0 to 100 ( 43/35 )</td></tr><tr><td>9</td><td>recovery rates</td><td>22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) )</td><td>1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )</td></tr><tr><td>10</td><td>currencies net</td><td>$ -181 ( 181 )</td><td>$ 3</td></tr><tr><td>11</td><td>correlation</td><td>49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) )</td><td>25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )</td></tr><tr><td>12</td><td>commodities net</td><td>$ 47</td><td>$ 73</td></tr><tr><td>13</td><td>volatility</td><td>9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) )</td><td>13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )</td></tr><tr><td>14</td><td>natural gas spread</td><td>$ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) )</td><td>$ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )</td></tr><tr><td>15</td><td>oil spread</td><td>$ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 )</td><td>$ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )</td></tr><tr><td>16</td><td>equities net</td><td>$ -1249 ( 1249 )</td><td>$ -3416 ( 3416 )</td></tr><tr><td>17</td><td>correlation</td><td>( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) )</td><td>( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )</td></tr><tr><td>18</td><td>volatility</td><td>4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) )</td><td>5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )</td></tr></table> in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k . Conversations: q0: what was the value of credit net in 2017? {answer0} q1: what was it in 2016? {answer1} q2: what is the net change? {answer2} Question: what was the 2016 value? Answer:

2504.0

convfinqa406

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the goldman sachs group , inc . and subsidiaries notes to consolidated financial statements in the tables above : 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting , and therefore are not representative of the firm 2019s exposure . 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels . where the counterparty netting is across levels , the netting is included in cross-level counterparty netting . 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . significant unobservable inputs the table below presents the amount of level 3 assets ( liabilities ) , and ranges , averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives . level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december $ in millions 2017 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2017</td><td>level 3 assets ( liabilities ) and range of significant unobservable inputs ( average/median ) as of december 2016</td></tr><tr><td>2</td><td>interest rates net</td><td>$ -410 ( 410 )</td><td>$ -381 ( 381 )</td></tr><tr><td>3</td><td>correlation</td><td>( 10 ) % ( % ) to 95% ( 95 % ) ( 71%/79% ( 71%/79 % ) )</td><td>( 10 ) % ( % ) to 86% ( 86 % ) ( 56%/60% ( 56%/60 % ) )</td></tr><tr><td>4</td><td>volatility ( bps )</td><td>31 to 150 ( 84/78 )</td><td>31 to 151 ( 84/57 )</td></tr><tr><td>5</td><td>credit net</td><td>$ 1505</td><td>$ 2504</td></tr><tr><td>6</td><td>correlation</td><td>28% ( 28 % ) to 84% ( 84 % ) ( 61%/60% ( 61%/60 % ) )</td><td>35% ( 35 % ) to 91% ( 91 % ) ( 65%/68% ( 65%/68 % ) )</td></tr><tr><td>7</td><td>credit spreads ( bps )</td><td>1 to 633 ( 69/42 )</td><td>1 to 993 ( 122/73 )</td></tr><tr><td>8</td><td>upfront credit points</td><td>0 to 97 ( 42/38 )</td><td>0 to 100 ( 43/35 )</td></tr><tr><td>9</td><td>recovery rates</td><td>22% ( 22 % ) to 73% ( 73 % ) ( 68%/73% ( 68%/73 % ) )</td><td>1% ( 1 % ) to 97% ( 97 % ) ( 58%/70% ( 58%/70 % ) )</td></tr><tr><td>10</td><td>currencies net</td><td>$ -181 ( 181 )</td><td>$ 3</td></tr><tr><td>11</td><td>correlation</td><td>49% ( 49 % ) to 72% ( 72 % ) ( 61%/62% ( 61%/62 % ) )</td><td>25% ( 25 % ) to 70% ( 70 % ) ( 50%/55% ( 50%/55 % ) )</td></tr><tr><td>12</td><td>commodities net</td><td>$ 47</td><td>$ 73</td></tr><tr><td>13</td><td>volatility</td><td>9% ( 9 % ) to 79% ( 79 % ) ( 24%/24% ( 24%/24 % ) )</td><td>13% ( 13 % ) to 68% ( 68 % ) ( 33%/33% ( 33%/33 % ) )</td></tr><tr><td>14</td><td>natural gas spread</td><td>$ ( 2.38 ) to $ 3.34 ( $ ( 0.22 ) /$ ( 0.12 ) )</td><td>$ ( 1.81 ) to $ 4.33 ( $ ( 0.14 ) /$ ( 0.05 ) )</td></tr><tr><td>15</td><td>oil spread</td><td>$ ( 2.86 ) to $ 23.61 ( $ 6.47/$ 2.35 )</td><td>$ ( 19.72 ) to $ 64.92 ( $ 25.30/$ 16.43 )</td></tr><tr><td>16</td><td>equities net</td><td>$ -1249 ( 1249 )</td><td>$ -3416 ( 3416 )</td></tr><tr><td>17</td><td>correlation</td><td>( 36 ) % ( % ) to 94% ( 94 % ) ( 50%/52% ( 50%/52 % ) )</td><td>( 39 ) % ( % ) to 88% ( 88 % ) ( 41%/41% ( 41%/41 % ) )</td></tr><tr><td>18</td><td>volatility</td><td>4% ( 4 % ) to 72% ( 72 % ) ( 24%/22% ( 24%/22 % ) )</td><td>5% ( 5 % ) to 72% ( 72 % ) ( 24%/23% ( 24%/23 % ) )</td></tr></table> in the table above : 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts . 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative . 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments . an average greater than the median indicates that the majority of inputs are below the average . for example , the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range . 2030 the ranges , averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative . for example , the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative . accordingly , the ranges of inputs do not represent uncertainty in , or possible ranges of , fair value measurements of the firm 2019s level 3 derivatives . 2030 interest rates , currencies and equities derivatives are valued using option pricing models , credit derivatives are valued using option pricing , correlation and discounted cash flow models , and commodities derivatives are valued using option pricing and discounted cash flow models . 2030 the fair value of any one instrument may be determined using multiple valuation techniques . for example , option pricing models and discounted cash flows models are typically used together to determine fair value . therefore , the level 3 balance encompasses both of these techniques . 2030 correlation within currencies and equities includes cross- product type correlation . 2030 natural gas spread represents the spread per million british thermal units of natural gas . 2030 oil spread represents the spread per barrel of oil and refined products . range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments : 2030 correlation . ranges for correlation cover a variety of underliers both within one product type ( e.g. , equity index and equity single stock names ) and across product types ( e.g. , correlation of an interest rate and a currency ) , as well as across regions . generally , cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type . 2030 volatility . ranges for volatility cover numerous underliers across a variety of markets , maturities and strike prices . for example , volatility of equity indices is generally lower than volatility of single stocks . 2030 credit spreads , upfront credit points and recovery rates . the ranges for credit spreads , upfront credit points and recovery rates cover a variety of underliers ( index and single names ) , regions , sectors , maturities and credit qualities ( high-yield and investment-grade ) . the broad range of this population gives rise to the width of the ranges of significant unobservable inputs . 130 goldman sachs 2017 form 10-k . Conversations: q0: what was the value of credit net in 2017? {answer0} q1: what was it in 2016? {answer1} q2: what is the net change? {answer2} q3: what was the 2016 value? {answer3} Question: what was the change over the 2016 value? Answer:

-0.39896

convfinqa407

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: impairment net unrealized losses on securities available for sale were as follows as of december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>fair value</td><td>$ 72699</td><td>$ 54163</td></tr><tr><td>3</td><td>amortized cost</td><td>74843</td><td>60786</td></tr><tr><td>4</td><td>net unrealized loss pre-tax</td><td>$ -2144 ( 2144 )</td><td>$ -6623 ( 6623 )</td></tr><tr><td>5</td><td>net unrealized loss after-tax</td><td>$ -1316 ( 1316 )</td><td>$ -4057 ( 4057 )</td></tr></table> the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity . these after-tax amounts are recorded in other comprehensive income . the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recognized in our consolidated statement of income , and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security ( see note 3 of the notes to consolidated financial statements included under item 8 ) . the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors , which are more fully described in note 3 . such factors are based upon estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular the credit component that would be recognized in our consolidated statement of income . national housing prices , according to the case-shiller national hpi , have declined to date approximately 30% ( 30 % ) peak-to-current . management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010 , consistent with a peak-to-trough housing price decline of approximately 37% ( 37 % ) . as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment , if we were to increase our default estimates to 110% ( 110 % ) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% ( 90 % ) of management 2019s current expectations , credit-related other-than-temporary impairment could increase by approximately $ 120 million to $ 125 million , which impairment would be recorded in our consolidated statement of income . excluding the securities for which other-than-temporary impairment was recorded , management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities . additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8. . Conversations: Question: what was the change in amortized cost in 2009? Answer:

14057.0

convfinqa408

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: impairment net unrealized losses on securities available for sale were as follows as of december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>fair value</td><td>$ 72699</td><td>$ 54163</td></tr><tr><td>3</td><td>amortized cost</td><td>74843</td><td>60786</td></tr><tr><td>4</td><td>net unrealized loss pre-tax</td><td>$ -2144 ( 2144 )</td><td>$ -6623 ( 6623 )</td></tr><tr><td>5</td><td>net unrealized loss after-tax</td><td>$ -1316 ( 1316 )</td><td>$ -4057 ( 4057 )</td></tr></table> the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity . these after-tax amounts are recorded in other comprehensive income . the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recognized in our consolidated statement of income , and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security ( see note 3 of the notes to consolidated financial statements included under item 8 ) . the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors , which are more fully described in note 3 . such factors are based upon estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular the credit component that would be recognized in our consolidated statement of income . national housing prices , according to the case-shiller national hpi , have declined to date approximately 30% ( 30 % ) peak-to-current . management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010 , consistent with a peak-to-trough housing price decline of approximately 37% ( 37 % ) . as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment , if we were to increase our default estimates to 110% ( 110 % ) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% ( 90 % ) of management 2019s current expectations , credit-related other-than-temporary impairment could increase by approximately $ 120 million to $ 125 million , which impairment would be recorded in our consolidated statement of income . excluding the securities for which other-than-temporary impairment was recorded , management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities . additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8. . Conversations: q0: what was the change in amortized cost in 2009? {answer0} Question: so what was the percentage change during this time? Answer:

0.23125

convfinqa409

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: impairment net unrealized losses on securities available for sale were as follows as of december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2009</td><td>2008</td></tr><tr><td>2</td><td>fair value</td><td>$ 72699</td><td>$ 54163</td></tr><tr><td>3</td><td>amortized cost</td><td>74843</td><td>60786</td></tr><tr><td>4</td><td>net unrealized loss pre-tax</td><td>$ -2144 ( 2144 )</td><td>$ -6623 ( 6623 )</td></tr><tr><td>5</td><td>net unrealized loss after-tax</td><td>$ -1316 ( 1316 )</td><td>$ -4057 ( 4057 )</td></tr></table> the above net unrealized loss amounts at december 31 , 2009 and december 31 , 2008 excluded the remaining net unrealized loss of $ 1.01 billion , or $ 635 million after-tax , and $ 2.27 billion , or $ 1.39 billion after- tax , respectively , related to reclassifications of securities available for sale to securities held to maturity . these after-tax amounts are recorded in other comprehensive income . the decline in the remaining after-tax unrealized loss amounts related to transferred securities resulted from amortization and from the recognition of losses from other-than-temporary impairment on certain of the securities . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recognized in our consolidated statement of income , and the non-credit component is recognized in other comprehensive income to the extent that management does not intend to sell the security ( see note 3 of the notes to consolidated financial statements included under item 8 ) . the assessment of other-than-temporary impairment involves an evaluation of economic and security- specific factors , which are more fully described in note 3 . such factors are based upon estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular the credit component that would be recognized in our consolidated statement of income . national housing prices , according to the case-shiller national hpi , have declined to date approximately 30% ( 30 % ) peak-to-current . management currently estimates that national housing prices will continue to decline and bottom out during the second half of 2010 , consistent with a peak-to-trough housing price decline of approximately 37% ( 37 % ) . as an indication of the sensitivity of our portfolio with respect to our more significant assumptions underlying our assessment of impairment , if we were to increase our default estimates to 110% ( 110 % ) of management 2019s current expectations with a corresponding slowing of prepayment speeds to 90% ( 90 % ) of management 2019s current expectations , credit-related other-than-temporary impairment could increase by approximately $ 120 million to $ 125 million , which impairment would be recorded in our consolidated statement of income . excluding the securities for which other-than-temporary impairment was recorded , management considers the aggregate decline in fair value of the remaining securities and the resulting net unrealized losses to be temporary and not the result of any material changes in the credit characteristics of the securities . additional information about our assessment of impairment is provided in note 3 of the notes to consolidated financial statements included under item 8. . Conversations: q0: what was the change in amortized cost in 2009? {answer0} q1: so what was the percentage change during this time? {answer1} Question: what is the amortized cost as a percentage of the fair value of securities in 2009? Answer:

1.02949

convfinqa410

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: table of contents the estimated amortization expense at september 26 , 2015 for each of the five succeeding fiscal years was as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal 2016</td><td>$ 377.0</td></tr><tr><td>2</td><td>fiscal 2017</td><td>$ 365.6</td></tr><tr><td>3</td><td>fiscal 2018</td><td>$ 355.1</td></tr><tr><td>4</td><td>fiscal 2019</td><td>$ 343.5</td></tr><tr><td>5</td><td>fiscal 2020</td><td>$ 332.3</td></tr></table> goodwill in accordance with asc 350 , intangibles 2014goodwill and other ( asc 350 ) , the company tests goodwill for impairment at the reporting unit level on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying value . events that could indicate impairment and trigger an interim impairment assessment include , but are not limited to , current economic and market conditions , including a decline in market capitalization , a significant adverse change in legal factors , business climate , operational performance of the business or key personnel , and an adverse action or assessment by a regulator . in performing the impairment test , the company utilizes the two-step approach prescribed under asc 350 . the first step requires a comparison of the carrying value of each reporting unit to its estimated fair value . to estimate the fair value of its reporting units for step 1 , the company primarily utilizes the income approach . the income approach is based on a dcf analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate . assumptions used in the dcf require significant judgment , including judgment about appropriate discount rates and terminal values , growth rates , and the amount and timing of expected future cash flows . the forecasted cash flows are based on the company 2019s most recent budget and strategic plan and for years beyond this period , the company 2019s estimates are based on assumed growth rates expected as of the measurement date . the company believes its assumptions are consistent with the plans and estimates used to manage the underlying businesses . the discount rates used are intended to reflect the risks inherent in future cash flow projections and are based on estimates of the weighted-average cost of capital ( 201cwacc 201d ) of market participants relative to each respective reporting unit . the market approach considers comparable market data based on multiples of revenue or earnings before interest , taxes , depreciation and amortization ( 201cebitda 201d ) and is primarily used as a corroborative analysis to the results of the dcf analysis . the company believes its assumptions used to determine the fair value of its reporting units are reasonable . if different assumptions were used , particularly with respect to forecasted cash flows , terminal values , waccs , or market multiples , different estimates of fair value may result and there could be the potential that an impairment charge could result . actual operating results and the related cash flows of the reporting units could differ from the estimated operating results and related cash flows . if the carrying value of a reporting unit exceeds its estimated fair value , the company is required to perform the second step of the goodwill impairment test to measure the amount of impairment loss , if any . the second step of the goodwill impairment test compares the implied fair value of a reporting unit 2019s goodwill to its carrying value . the implied fair value of goodwill is derived by performing a hypothetical purchase price allocation for each reporting unit as of the measurement date and allocating the reporting unit 2019s estimated fair value to its assets and liabilities . the residual amount from performing this allocation represents the implied fair value of goodwill . to the extent this amount is below the carrying value of goodwill , an impairment charge is recorded . the company conducted its fiscal 2015 impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 28 , 2015 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as of the measurement date . as a result of completing step 1 , all of the company's reporting units had fair values exceeding their carrying values , and as such , step 2 of the impairment test was not required . for illustrative purposes , had the fair value of each of the reporting units that passed step 1 been lower than 10% ( 10 % ) , all of the reporting units would still have passed step 1 of the goodwill impairment test . at september 26 , 2015 , the company believes that each reporting unit , with goodwill aggregating 2.81 billion , was not at risk of failing step 1 of the goodwill impairment test based on the current forecasts . the company conducted its fiscal 2014 annual impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 29 , 2014 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as source : hologic inc , 10-k , november 19 , 2015 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. . Conversations: Question: what was the net change in value of the amortization expense from 2016 to 2017? Answer:

-11.4

convfinqa411

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: table of contents the estimated amortization expense at september 26 , 2015 for each of the five succeeding fiscal years was as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal 2016</td><td>$ 377.0</td></tr><tr><td>2</td><td>fiscal 2017</td><td>$ 365.6</td></tr><tr><td>3</td><td>fiscal 2018</td><td>$ 355.1</td></tr><tr><td>4</td><td>fiscal 2019</td><td>$ 343.5</td></tr><tr><td>5</td><td>fiscal 2020</td><td>$ 332.3</td></tr></table> goodwill in accordance with asc 350 , intangibles 2014goodwill and other ( asc 350 ) , the company tests goodwill for impairment at the reporting unit level on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying value . events that could indicate impairment and trigger an interim impairment assessment include , but are not limited to , current economic and market conditions , including a decline in market capitalization , a significant adverse change in legal factors , business climate , operational performance of the business or key personnel , and an adverse action or assessment by a regulator . in performing the impairment test , the company utilizes the two-step approach prescribed under asc 350 . the first step requires a comparison of the carrying value of each reporting unit to its estimated fair value . to estimate the fair value of its reporting units for step 1 , the company primarily utilizes the income approach . the income approach is based on a dcf analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate . assumptions used in the dcf require significant judgment , including judgment about appropriate discount rates and terminal values , growth rates , and the amount and timing of expected future cash flows . the forecasted cash flows are based on the company 2019s most recent budget and strategic plan and for years beyond this period , the company 2019s estimates are based on assumed growth rates expected as of the measurement date . the company believes its assumptions are consistent with the plans and estimates used to manage the underlying businesses . the discount rates used are intended to reflect the risks inherent in future cash flow projections and are based on estimates of the weighted-average cost of capital ( 201cwacc 201d ) of market participants relative to each respective reporting unit . the market approach considers comparable market data based on multiples of revenue or earnings before interest , taxes , depreciation and amortization ( 201cebitda 201d ) and is primarily used as a corroborative analysis to the results of the dcf analysis . the company believes its assumptions used to determine the fair value of its reporting units are reasonable . if different assumptions were used , particularly with respect to forecasted cash flows , terminal values , waccs , or market multiples , different estimates of fair value may result and there could be the potential that an impairment charge could result . actual operating results and the related cash flows of the reporting units could differ from the estimated operating results and related cash flows . if the carrying value of a reporting unit exceeds its estimated fair value , the company is required to perform the second step of the goodwill impairment test to measure the amount of impairment loss , if any . the second step of the goodwill impairment test compares the implied fair value of a reporting unit 2019s goodwill to its carrying value . the implied fair value of goodwill is derived by performing a hypothetical purchase price allocation for each reporting unit as of the measurement date and allocating the reporting unit 2019s estimated fair value to its assets and liabilities . the residual amount from performing this allocation represents the implied fair value of goodwill . to the extent this amount is below the carrying value of goodwill , an impairment charge is recorded . the company conducted its fiscal 2015 impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 28 , 2015 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as of the measurement date . as a result of completing step 1 , all of the company's reporting units had fair values exceeding their carrying values , and as such , step 2 of the impairment test was not required . for illustrative purposes , had the fair value of each of the reporting units that passed step 1 been lower than 10% ( 10 % ) , all of the reporting units would still have passed step 1 of the goodwill impairment test . at september 26 , 2015 , the company believes that each reporting unit , with goodwill aggregating 2.81 billion , was not at risk of failing step 1 of the goodwill impairment test based on the current forecasts . the company conducted its fiscal 2014 annual impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 29 , 2014 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as source : hologic inc , 10-k , november 19 , 2015 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. . Conversations: q0: what was the net change in value of the amortization expense from 2016 to 2017? {answer0} Question: what was the value in 2016? Answer:

377.0

convfinqa412

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: table of contents the estimated amortization expense at september 26 , 2015 for each of the five succeeding fiscal years was as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal 2016</td><td>$ 377.0</td></tr><tr><td>2</td><td>fiscal 2017</td><td>$ 365.6</td></tr><tr><td>3</td><td>fiscal 2018</td><td>$ 355.1</td></tr><tr><td>4</td><td>fiscal 2019</td><td>$ 343.5</td></tr><tr><td>5</td><td>fiscal 2020</td><td>$ 332.3</td></tr></table> goodwill in accordance with asc 350 , intangibles 2014goodwill and other ( asc 350 ) , the company tests goodwill for impairment at the reporting unit level on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying value . events that could indicate impairment and trigger an interim impairment assessment include , but are not limited to , current economic and market conditions , including a decline in market capitalization , a significant adverse change in legal factors , business climate , operational performance of the business or key personnel , and an adverse action or assessment by a regulator . in performing the impairment test , the company utilizes the two-step approach prescribed under asc 350 . the first step requires a comparison of the carrying value of each reporting unit to its estimated fair value . to estimate the fair value of its reporting units for step 1 , the company primarily utilizes the income approach . the income approach is based on a dcf analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate . assumptions used in the dcf require significant judgment , including judgment about appropriate discount rates and terminal values , growth rates , and the amount and timing of expected future cash flows . the forecasted cash flows are based on the company 2019s most recent budget and strategic plan and for years beyond this period , the company 2019s estimates are based on assumed growth rates expected as of the measurement date . the company believes its assumptions are consistent with the plans and estimates used to manage the underlying businesses . the discount rates used are intended to reflect the risks inherent in future cash flow projections and are based on estimates of the weighted-average cost of capital ( 201cwacc 201d ) of market participants relative to each respective reporting unit . the market approach considers comparable market data based on multiples of revenue or earnings before interest , taxes , depreciation and amortization ( 201cebitda 201d ) and is primarily used as a corroborative analysis to the results of the dcf analysis . the company believes its assumptions used to determine the fair value of its reporting units are reasonable . if different assumptions were used , particularly with respect to forecasted cash flows , terminal values , waccs , or market multiples , different estimates of fair value may result and there could be the potential that an impairment charge could result . actual operating results and the related cash flows of the reporting units could differ from the estimated operating results and related cash flows . if the carrying value of a reporting unit exceeds its estimated fair value , the company is required to perform the second step of the goodwill impairment test to measure the amount of impairment loss , if any . the second step of the goodwill impairment test compares the implied fair value of a reporting unit 2019s goodwill to its carrying value . the implied fair value of goodwill is derived by performing a hypothetical purchase price allocation for each reporting unit as of the measurement date and allocating the reporting unit 2019s estimated fair value to its assets and liabilities . the residual amount from performing this allocation represents the implied fair value of goodwill . to the extent this amount is below the carrying value of goodwill , an impairment charge is recorded . the company conducted its fiscal 2015 impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 28 , 2015 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as of the measurement date . as a result of completing step 1 , all of the company's reporting units had fair values exceeding their carrying values , and as such , step 2 of the impairment test was not required . for illustrative purposes , had the fair value of each of the reporting units that passed step 1 been lower than 10% ( 10 % ) , all of the reporting units would still have passed step 1 of the goodwill impairment test . at september 26 , 2015 , the company believes that each reporting unit , with goodwill aggregating 2.81 billion , was not at risk of failing step 1 of the goodwill impairment test based on the current forecasts . the company conducted its fiscal 2014 annual impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 29 , 2014 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as source : hologic inc , 10-k , november 19 , 2015 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. . Conversations: q0: what was the net change in value of the amortization expense from 2016 to 2017? {answer0} q1: what was the value in 2016? {answer1} Question: what is the percent change? Answer:

-0.03024

convfinqa413

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: results of operations operating revenues millions 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2014</td><td>2013</td><td>2012</td><td>% ( % ) change 2014 v 2013</td><td>% ( % ) change 2013 v 2012</td></tr><tr><td>2</td><td>freight revenues</td><td>$ 22560</td><td>$ 20684</td><td>$ 19686</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr><tr><td>3</td><td>other revenues</td><td>1428</td><td>1279</td><td>1240</td><td>12% ( 12 % )</td><td>3% ( 3 % )</td></tr><tr><td>4</td><td>total</td><td>$ 23988</td><td>$ 21963</td><td>$ 20926</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr></table> we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% ( 7 % ) volume growth and core pricing gains of 2.5% ( 2.5 % ) . volume growth from grain , frac sand , rock , and intermodal ( domestic and international ) shipments offset declines in crude oil . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume essentially was flat year over year as growth in automotive , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively . fuel surcharge in 2014 increased 6% ( 6 % ) driven by our 7% ( 7 % ) carloadings increase . fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . in 2014 , other revenue increased from 2013 due to higher revenues at our subsidiaries , primarily those that broker intermodal and automotive services , accessorial revenue driven by increased volume and per diem revenue for container usage ( previously included in automotive freight revenue ) . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services. . Conversations: Question: how much does the fuel surcharge revenue in 2014 represent in relation to the one in 2013? Answer:

1.07692

convfinqa414

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: results of operations operating revenues millions 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2014</td><td>2013</td><td>2012</td><td>% ( % ) change 2014 v 2013</td><td>% ( % ) change 2013 v 2012</td></tr><tr><td>2</td><td>freight revenues</td><td>$ 22560</td><td>$ 20684</td><td>$ 19686</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr><tr><td>3</td><td>other revenues</td><td>1428</td><td>1279</td><td>1240</td><td>12% ( 12 % )</td><td>3% ( 3 % )</td></tr><tr><td>4</td><td>total</td><td>$ 23988</td><td>$ 21963</td><td>$ 20926</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr></table> we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% ( 7 % ) volume growth and core pricing gains of 2.5% ( 2.5 % ) . volume growth from grain , frac sand , rock , and intermodal ( domestic and international ) shipments offset declines in crude oil . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume essentially was flat year over year as growth in automotive , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively . fuel surcharge in 2014 increased 6% ( 6 % ) driven by our 7% ( 7 % ) carloadings increase . fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . in 2014 , other revenue increased from 2013 due to higher revenues at our subsidiaries , primarily those that broker intermodal and automotive services , accessorial revenue driven by increased volume and per diem revenue for container usage ( previously included in automotive freight revenue ) . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services. . Conversations: q0: how much does the fuel surcharge revenue in 2014 represent in relation to the one in 2013? {answer0} Question: and what was, in billions, that fuel surcharge revenue in 2014? Answer:

2.8

convfinqa415

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: results of operations operating revenues millions 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2014</td><td>2013</td><td>2012</td><td>% ( % ) change 2014 v 2013</td><td>% ( % ) change 2013 v 2012</td></tr><tr><td>2</td><td>freight revenues</td><td>$ 22560</td><td>$ 20684</td><td>$ 19686</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr><tr><td>3</td><td>other revenues</td><td>1428</td><td>1279</td><td>1240</td><td>12% ( 12 % )</td><td>3% ( 3 % )</td></tr><tr><td>4</td><td>total</td><td>$ 23988</td><td>$ 21963</td><td>$ 20926</td><td>9% ( 9 % )</td><td>5% ( 5 % )</td></tr></table> we generate freight revenues by transporting freight or other materials from our six commodity groups . freight revenues vary with volume ( carloads ) and average revenue per car ( arc ) . changes in price , traffic mix and fuel surcharges drive arc . we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments . we recognize freight revenues as shipments move from origin to destination . we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them . other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage . we recognize other revenues as we perform services or meet contractual obligations . freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% ( 7 % ) volume growth and core pricing gains of 2.5% ( 2.5 % ) . volume growth from grain , frac sand , rock , and intermodal ( domestic and international ) shipments offset declines in crude oil . freight revenues from five of our six commodity groups increased during 2013 compared to 2012 . revenue from agricultural products was down slightly compared to 2012 . arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement . volume essentially was flat year over year as growth in automotive , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments . our fuel surcharge programs generated freight revenues of $ 2.8 billion , $ 2.6 billion , and $ 2.6 billion in 2014 , 2013 , and 2012 , respectively . fuel surcharge in 2014 increased 6% ( 6 % ) driven by our 7% ( 7 % ) carloadings increase . fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) . in 2014 , other revenue increased from 2013 due to higher revenues at our subsidiaries , primarily those that broker intermodal and automotive services , accessorial revenue driven by increased volume and per diem revenue for container usage ( previously included in automotive freight revenue ) . in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services. . Conversations: q0: how much does the fuel surcharge revenue in 2014 represent in relation to the one in 2013? {answer0} q1: and what was, in billions, that fuel surcharge revenue in 2014? {answer1} Question: assuming that the fuel surcharge revenue in 2015 will represent in relation to the 2014 the same as this 2014 one represents in relation to the 2013 one, what will be that fuel surcharge revenue in 2015, in billions? Answer:

3.01538

convfinqa416

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: Question: what was the total of net earnings attributable to pmi in 2017? Answer:

6035.0

convfinqa417

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} Question: what was that in 2016? Answer:

6967.0

convfinqa418

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} q1: what was that in 2016? {answer1} Question: what was, then, the increase over the year? Answer:

-932.0

convfinqa419

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} q1: what was that in 2016? {answer1} q2: what was, then, the increase over the year? {answer2} Question: and how much did this increase represent in relation to the 2016 total? Answer:

-0.13377

convfinqa420

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} q1: what was that in 2016? {answer1} q2: what was, then, the increase over the year? {answer2} q3: and how much did this increase represent in relation to the 2016 total? {answer3} Question: and concerning the net earnings for basic and diluted eps, what was their change over that period? Answer:

-927.0

convfinqa421

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} q1: what was that in 2016? {answer1} q2: what was, then, the increase over the year? {answer2} q3: and how much did this increase represent in relation to the 2016 total? {answer3} q4: and concerning the net earnings for basic and diluted eps, what was their change over that period? {answer4} Question: what was the total of those earnings in 2016? Answer:

6948.0

convfinqa422

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the fair value of the psu award at the date of grant is amortized to expense over the performance period , which is typically three years after the date of the award , or upon death , disability or reaching the age of 58 . as of december 31 , 2017 , pmi had $ 34 million of total unrecognized compensation cost related to non-vested psu awards . this cost is recognized over a weighted-average performance cycle period of two years , or upon death , disability or reaching the age of 58 . during the years ended december 31 , 2017 , and 2016 , there were no psu awards that vested . pmi did not grant any psu awards during note 10 . earnings per share : unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method . basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>for the years ended december 31 , 2017</td><td>for the years ended december 31 , 2016</td><td>for the years ended december 31 , 2015</td></tr><tr><td>2</td><td>net earnings attributable to pmi</td><td>$ 6035</td><td>$ 6967</td><td>$ 6873</td></tr><tr><td>3</td><td>less distributed and undistributed earnings attributable to share-based payment awards</td><td>14</td><td>19</td><td>24</td></tr><tr><td>4</td><td>net earnings for basic and diluted eps</td><td>$ 6021</td><td>$ 6948</td><td>$ 6849</td></tr><tr><td>5</td><td>weighted-average shares for basic eps</td><td>1552</td><td>1551</td><td>1549</td></tr><tr><td>6</td><td>plus contingently issuable performance stock units ( psus )</td><td>1</td><td>2014</td><td>2014</td></tr><tr><td>7</td><td>weighted-average shares for diluted eps</td><td>1553</td><td>1551</td><td>1549</td></tr></table> for the 2017 , 2016 and 2015 computations , there were no antidilutive stock options. . Conversations: q0: what was the total of net earnings attributable to pmi in 2017? {answer0} q1: what was that in 2016? {answer1} q2: what was, then, the increase over the year? {answer2} q3: and how much did this increase represent in relation to the 2016 total? {answer3} q4: and concerning the net earnings for basic and diluted eps, what was their change over that period? {answer4} q5: what was the total of those earnings in 2016? {answer5} Question: what was, then, that change as a portion of this 2016 total? Answer:

-0.13342

convfinqa423

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: Question: what is the combined total of the net cash provided by operating activities and the one used in investing activities? Answer:

471.2

convfinqa424

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what is the combined total of the net cash provided by operating activities and the one used in investing activities? {answer0} Question: what was the net cash used in financing activities? Answer:

-472.8

convfinqa425

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what is the combined total of the net cash provided by operating activities and the one used in investing activities? {answer0} q1: what was the net cash used in financing activities? {answer1} Question: including this net cash, what then becomes that total? Answer:

-1.6

convfinqa426

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>revenue 2014non-regulated</td><td>$ 1297</td><td>$ 1100</td><td>$ 1099</td></tr><tr><td>3</td><td>cost of sales 2014non-regulated</td><td>220</td><td>210</td><td>330</td></tr><tr><td>4</td><td>interest income</td><td>8</td><td>4</td><td>25</td></tr><tr><td>5</td><td>interest expense</td><td>36</td><td>39</td><td>33</td></tr></table> . Conversations: Question: what was the total of revenues for transactions with related parties in 2017? Answer:

1297.0

convfinqa427

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>revenue 2014non-regulated</td><td>$ 1297</td><td>$ 1100</td><td>$ 1099</td></tr><tr><td>3</td><td>cost of sales 2014non-regulated</td><td>220</td><td>210</td><td>330</td></tr><tr><td>4</td><td>interest income</td><td>8</td><td>4</td><td>25</td></tr><tr><td>5</td><td>interest expense</td><td>36</td><td>39</td><td>33</td></tr></table> . Conversations: q0: what was the total of revenues for transactions with related parties in 2017? {answer0} Question: and what was that in 2016? Answer:

1100.0

convfinqa428

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>revenue 2014non-regulated</td><td>$ 1297</td><td>$ 1100</td><td>$ 1099</td></tr><tr><td>3</td><td>cost of sales 2014non-regulated</td><td>220</td><td>210</td><td>330</td></tr><tr><td>4</td><td>interest income</td><td>8</td><td>4</td><td>25</td></tr><tr><td>5</td><td>interest expense</td><td>36</td><td>39</td><td>33</td></tr></table> . Conversations: q0: what was the total of revenues for transactions with related parties in 2017? {answer0} q1: and what was that in 2016? {answer1} Question: what was, then, the change over the year? Answer:

197.0

convfinqa429

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>revenue 2014non-regulated</td><td>$ 1297</td><td>$ 1100</td><td>$ 1099</td></tr><tr><td>3</td><td>cost of sales 2014non-regulated</td><td>220</td><td>210</td><td>330</td></tr><tr><td>4</td><td>interest income</td><td>8</td><td>4</td><td>25</td></tr><tr><td>5</td><td>interest expense</td><td>36</td><td>39</td><td>33</td></tr></table> . Conversations: q0: what was the total of revenues for transactions with related parties in 2017? {answer0} q1: and what was that in 2016? {answer1} q2: what was, then, the change over the year? {answer2} Question: what was the total of revenues for transactions with related parties in 2016? Answer:

1100.0

convfinqa430

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2017 , 2016 , and 2015 was dispatched starting in february 2018 . aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico . therefore , we expect aes puerto rico to continue to be a critical supplier to prepa . starting prior to the hurricanes , prepa has been facing economic challenges that could impact the company , and on july 2 , 2017 , filed for bankruptcy under title iii . as a result of the bankruptcy filing , aes puerto rico and aes ilumina 2019s non-recourse debt of $ 365 million and $ 36 million , respectively , is in default and has been classified as current as of december 31 , 2017 . in november 2017 , aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events . this agreement will expire on march 22 , 2018 . the company's receivable balances in puerto rico as of december 31 , 2017 totaled $ 86 million , of which $ 53 million was overdue . after the filing of title iii protection , and up until the disruption caused by the hurricanes , aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns . considering the information available as of the filing date , management believes the carrying amount of our assets in puerto rico of $ 627 million is recoverable as of december 31 , 2017 and no reserve on the receivables is required . foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates . fluctuations in currency exchange rate between u.s . dollar and the following currencies could create significant fluctuations in earnings and cash flows : the argentine peso , the brazilian real , the dominican republic peso , the euro , the chilean peso , the colombian peso , and the philippine peso . concentrations 2014 due to the geographical diversity of its operations , the company does not have any significant concentration of customers or sources of fuel supply . several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of , and in some cases all of , the relevant businesses' output over the term of the ppas . however , no single customer accounted for 10% ( 10 % ) or more of total revenue in 2017 , 2016 or 2015 . the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements . if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated , the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms . 26 . related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions . in the ordinary course of business , these businesses enter into energy purchase and sale transactions , and transmission agreements with other state-owned institutions which are controlled by such governments . at two of our generation businesses in mexico , the offtakers exercise significant influence , but not control , through representation on these businesses' boards of directors . these offtakers are also required to hold a nominal ownership interest in such businesses . in chile , we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting . additionally , the company provides certain support and management services to several of its affiliates under various agreements . the company's consolidated statements of operations included the following transactions with related parties for the periods indicated ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>revenue 2014non-regulated</td><td>$ 1297</td><td>$ 1100</td><td>$ 1099</td></tr><tr><td>3</td><td>cost of sales 2014non-regulated</td><td>220</td><td>210</td><td>330</td></tr><tr><td>4</td><td>interest income</td><td>8</td><td>4</td><td>25</td></tr><tr><td>5</td><td>interest expense</td><td>36</td><td>39</td><td>33</td></tr></table> . Conversations: q0: what was the total of revenues for transactions with related parties in 2017? {answer0} q1: and what was that in 2016? {answer1} q2: what was, then, the change over the year? {answer2} q3: what was the total of revenues for transactions with related parties in 2016? {answer3} Question: and how much does that change represent in relation to this 2016 total, in percentage? Answer:

0.17909

convfinqa431

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . the company 2019s common stock is listed on the new york stock exchange . prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) . as a result of the reverse stock split , every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share . the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares . the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 . on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation . the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders . the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date . the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation . the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 . the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. . <table class='wikitable'><tr><td>1</td><td>quarter</td><td>2016 high</td><td>2016 low</td><td>2016 dividend</td><td>2016 high</td><td>2016 low</td><td>dividend</td></tr><tr><td>2</td><td>first</td><td>$ 30.66</td><td>$ 18.42</td><td>$ 0.09</td><td>$ 51.30</td><td>$ 37.95</td><td>$ 0.09</td></tr><tr><td>3</td><td>second</td><td>34.50</td><td>26.34</td><td>0.09</td><td>42.87</td><td>33.45</td><td>0.09</td></tr><tr><td>4</td><td>third</td><td>32.91</td><td>27.09</td><td>0.09</td><td>33.69</td><td>23.91</td><td>0.09</td></tr><tr><td>5</td><td>fourth ( separation occurred on november 1 2016 )</td><td>32.10</td><td>16.75</td><td>0.09</td><td>33.54</td><td>23.43</td><td>0.09</td></tr><tr><td>6</td><td>year</td><td>$ 34.50</td><td>$ 16.75</td><td>$ 0.36</td><td>$ 51.30</td><td>$ 23.43</td><td>$ 0.36</td></tr></table> the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. . Conversations: Question: what is the high price in 2016? Answer:

32.91

convfinqa432

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . the company 2019s common stock is listed on the new york stock exchange . prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) . as a result of the reverse stock split , every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share . the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares . the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 . on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation . the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders . the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date . the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation . the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 . the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. . <table class='wikitable'><tr><td>1</td><td>quarter</td><td>2016 high</td><td>2016 low</td><td>2016 dividend</td><td>2016 high</td><td>2016 low</td><td>dividend</td></tr><tr><td>2</td><td>first</td><td>$ 30.66</td><td>$ 18.42</td><td>$ 0.09</td><td>$ 51.30</td><td>$ 37.95</td><td>$ 0.09</td></tr><tr><td>3</td><td>second</td><td>34.50</td><td>26.34</td><td>0.09</td><td>42.87</td><td>33.45</td><td>0.09</td></tr><tr><td>4</td><td>third</td><td>32.91</td><td>27.09</td><td>0.09</td><td>33.69</td><td>23.91</td><td>0.09</td></tr><tr><td>5</td><td>fourth ( separation occurred on november 1 2016 )</td><td>32.10</td><td>16.75</td><td>0.09</td><td>33.54</td><td>23.43</td><td>0.09</td></tr><tr><td>6</td><td>year</td><td>$ 34.50</td><td>$ 16.75</td><td>$ 0.36</td><td>$ 51.30</td><td>$ 23.43</td><td>$ 0.36</td></tr></table> the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. . Conversations: q0: what is the high price in 2016? {answer0} Question: what is the 2016 low price? Answer:

27.09

convfinqa433

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . the company 2019s common stock is listed on the new york stock exchange . prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) . as a result of the reverse stock split , every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share . the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares . the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 . on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation . the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders . the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date . the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation . the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 . the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. . <table class='wikitable'><tr><td>1</td><td>quarter</td><td>2016 high</td><td>2016 low</td><td>2016 dividend</td><td>2016 high</td><td>2016 low</td><td>dividend</td></tr><tr><td>2</td><td>first</td><td>$ 30.66</td><td>$ 18.42</td><td>$ 0.09</td><td>$ 51.30</td><td>$ 37.95</td><td>$ 0.09</td></tr><tr><td>3</td><td>second</td><td>34.50</td><td>26.34</td><td>0.09</td><td>42.87</td><td>33.45</td><td>0.09</td></tr><tr><td>4</td><td>third</td><td>32.91</td><td>27.09</td><td>0.09</td><td>33.69</td><td>23.91</td><td>0.09</td></tr><tr><td>5</td><td>fourth ( separation occurred on november 1 2016 )</td><td>32.10</td><td>16.75</td><td>0.09</td><td>33.54</td><td>23.43</td><td>0.09</td></tr><tr><td>6</td><td>year</td><td>$ 34.50</td><td>$ 16.75</td><td>$ 0.36</td><td>$ 51.30</td><td>$ 23.43</td><td>$ 0.36</td></tr></table> the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. . Conversations: q0: what is the high price in 2016? {answer0} q1: what is the 2016 low price? {answer1} Question: what is the sum? Answer:

60.0

convfinqa434

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . the company 2019s common stock is listed on the new york stock exchange . prior to the separation of alcoa corporation from the company , the company 2019s common stock traded under the symbol 201caa . 201d in connection with the separation , on november 1 , 2016 , the company changed its stock symbol and its common stock began trading under the symbol 201carnc . 201d on october 5 , 2016 , the company 2019s common shareholders approved a 1-for-3 reverse stock split of the company 2019s outstanding and authorized shares of common stock ( the 201creverse stock split 201d ) . as a result of the reverse stock split , every 3 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock , without any change in the par value per share . the reverse stock split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares , and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares . the company 2019s common stock began trading on a reverse stock split-adjusted basis on october 6 , 2016 . on november 1 , 2016 , the company completed the separation of its business into two independent , publicly traded companies : the company and alcoa corporation . the separation was effected by means of a pro rata distribution by the company of 80.1% ( 80.1 % ) of the outstanding shares of alcoa corporation common stock to the company 2019s shareholders . the company 2019s shareholders of record as of the close of business on october 20 , 2016 ( the 201crecord date 201d ) received one share of alcoa corporation common stock for every three shares of the company 2019s common stock held as of the record date . the company retained 19.9% ( 19.9 % ) of the outstanding common stock of alcoa corporation immediately following the separation . the following table sets forth , for the periods indicated , the high and low sales prices and quarterly dividend amounts per share of the company 2019s common stock as reported on the new york stock exchange , adjusted to take into account the reverse stock split effected on october 6 , 2016 . the prices listed below for the fourth quarter of 2016 do not reflect any adjustment for the impact of the separation of alcoa corporation from the company on november 1 , 2016 , and therefore are not comparable to pre-separation prices from earlier periods. . <table class='wikitable'><tr><td>1</td><td>quarter</td><td>2016 high</td><td>2016 low</td><td>2016 dividend</td><td>2016 high</td><td>2016 low</td><td>dividend</td></tr><tr><td>2</td><td>first</td><td>$ 30.66</td><td>$ 18.42</td><td>$ 0.09</td><td>$ 51.30</td><td>$ 37.95</td><td>$ 0.09</td></tr><tr><td>3</td><td>second</td><td>34.50</td><td>26.34</td><td>0.09</td><td>42.87</td><td>33.45</td><td>0.09</td></tr><tr><td>4</td><td>third</td><td>32.91</td><td>27.09</td><td>0.09</td><td>33.69</td><td>23.91</td><td>0.09</td></tr><tr><td>5</td><td>fourth ( separation occurred on november 1 2016 )</td><td>32.10</td><td>16.75</td><td>0.09</td><td>33.54</td><td>23.43</td><td>0.09</td></tr><tr><td>6</td><td>year</td><td>$ 34.50</td><td>$ 16.75</td><td>$ 0.36</td><td>$ 51.30</td><td>$ 23.43</td><td>$ 0.36</td></tr></table> the number of holders of record of common stock was approximately 12885 as of february 23 , 2017. . Conversations: q0: what is the high price in 2016? {answer0} q1: what is the 2016 low price? {answer1} q2: what is the sum? {answer2} Question: what is the average price? Answer:

30.0

convfinqa435

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: addition , we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies . these gains and losses are primarily driven by inter-company transactions . these exposures are included in other income ( expense ) , net on the consolidated statements of income . since 2007 , we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our canadian subsidiary . beginning in december 2008 , we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our european subsidiary . we do not enter into derivative financial instruments for speculative or trading purposes . based on the foreign currency forward contracts outstanding as of december 31 , 2009 , we receive us dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 cad per $ 1.00 and us dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 0.70 eur per $ 1.00 . as of december 31 , 2009 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 15.4 million with contract maturities of 1 month , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 56.0 million with contract maturities of 1 month . the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other income ( expense ) , net on the consolidated statements of income . the fair value of our foreign currency forward contracts was $ 0.3 million and $ 1.2 million as of december 31 , 2009 and 2008 , respectively . these amounts are included in prepaid expenses and other current assets on the consolidated balance sheet . refer to note 9 for a discussion of the fair value measurements . other income ( expense ) , net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in thousands )</td><td>year ended december 31 , 2009</td><td>year ended december 31 , 2008</td><td>2007</td></tr><tr><td>2</td><td>unrealized foreign currency exchange rate gains ( losses )</td><td>$ 5222</td><td>$ -5459 ( 5459 )</td><td>$ 2567</td></tr><tr><td>3</td><td>realized foreign currency exchange rate gains ( losses )</td><td>-261 ( 261 )</td><td>-2166 ( 2166 )</td><td>174</td></tr><tr><td>4</td><td>unrealized derivative gains ( losses )</td><td>-1060 ( 1060 )</td><td>1650</td><td>-243 ( 243 )</td></tr><tr><td>5</td><td>realized derivative losses</td><td>-4412 ( 4412 )</td><td>-204 ( 204 )</td><td>-469 ( 469 )</td></tr></table> although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations . inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results . although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. . Conversations: Question: what is the balance in the air value of our foreign currency forward contracts in 2009? Answer:

0.3

convfinqa436

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: addition , we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies . these gains and losses are primarily driven by inter-company transactions . these exposures are included in other income ( expense ) , net on the consolidated statements of income . since 2007 , we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our canadian subsidiary . beginning in december 2008 , we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our european subsidiary . we do not enter into derivative financial instruments for speculative or trading purposes . based on the foreign currency forward contracts outstanding as of december 31 , 2009 , we receive us dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 cad per $ 1.00 and us dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 0.70 eur per $ 1.00 . as of december 31 , 2009 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 15.4 million with contract maturities of 1 month , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 56.0 million with contract maturities of 1 month . the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other income ( expense ) , net on the consolidated statements of income . the fair value of our foreign currency forward contracts was $ 0.3 million and $ 1.2 million as of december 31 , 2009 and 2008 , respectively . these amounts are included in prepaid expenses and other current assets on the consolidated balance sheet . refer to note 9 for a discussion of the fair value measurements . other income ( expense ) , net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in thousands )</td><td>year ended december 31 , 2009</td><td>year ended december 31 , 2008</td><td>2007</td></tr><tr><td>2</td><td>unrealized foreign currency exchange rate gains ( losses )</td><td>$ 5222</td><td>$ -5459 ( 5459 )</td><td>$ 2567</td></tr><tr><td>3</td><td>realized foreign currency exchange rate gains ( losses )</td><td>-261 ( 261 )</td><td>-2166 ( 2166 )</td><td>174</td></tr><tr><td>4</td><td>unrealized derivative gains ( losses )</td><td>-1060 ( 1060 )</td><td>1650</td><td>-243 ( 243 )</td></tr><tr><td>5</td><td>realized derivative losses</td><td>-4412 ( 4412 )</td><td>-204 ( 204 )</td><td>-469 ( 469 )</td></tr></table> although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations . inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results . although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. . Conversations: q0: what is the balance in the air value of our foreign currency forward contracts in 2009? {answer0} Question: what about in 2008? Answer:

1.2

convfinqa437

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: addition , we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies . these gains and losses are primarily driven by inter-company transactions . these exposures are included in other income ( expense ) , net on the consolidated statements of income . since 2007 , we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our canadian subsidiary . beginning in december 2008 , we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our european subsidiary . we do not enter into derivative financial instruments for speculative or trading purposes . based on the foreign currency forward contracts outstanding as of december 31 , 2009 , we receive us dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 cad per $ 1.00 and us dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 0.70 eur per $ 1.00 . as of december 31 , 2009 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 15.4 million with contract maturities of 1 month , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 56.0 million with contract maturities of 1 month . the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other income ( expense ) , net on the consolidated statements of income . the fair value of our foreign currency forward contracts was $ 0.3 million and $ 1.2 million as of december 31 , 2009 and 2008 , respectively . these amounts are included in prepaid expenses and other current assets on the consolidated balance sheet . refer to note 9 for a discussion of the fair value measurements . other income ( expense ) , net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in thousands )</td><td>year ended december 31 , 2009</td><td>year ended december 31 , 2008</td><td>2007</td></tr><tr><td>2</td><td>unrealized foreign currency exchange rate gains ( losses )</td><td>$ 5222</td><td>$ -5459 ( 5459 )</td><td>$ 2567</td></tr><tr><td>3</td><td>realized foreign currency exchange rate gains ( losses )</td><td>-261 ( 261 )</td><td>-2166 ( 2166 )</td><td>174</td></tr><tr><td>4</td><td>unrealized derivative gains ( losses )</td><td>-1060 ( 1060 )</td><td>1650</td><td>-243 ( 243 )</td></tr><tr><td>5</td><td>realized derivative losses</td><td>-4412 ( 4412 )</td><td>-204 ( 204 )</td><td>-469 ( 469 )</td></tr></table> although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations . inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results . although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. . Conversations: q0: what is the balance in the air value of our foreign currency forward contracts in 2009? {answer0} q1: what about in 2008? {answer1} Question: what is the net change? Answer:

-0.9

convfinqa438

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: addition , we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies . these gains and losses are primarily driven by inter-company transactions . these exposures are included in other income ( expense ) , net on the consolidated statements of income . since 2007 , we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our canadian subsidiary . beginning in december 2008 , we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our european subsidiary . we do not enter into derivative financial instruments for speculative or trading purposes . based on the foreign currency forward contracts outstanding as of december 31 , 2009 , we receive us dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 cad per $ 1.00 and us dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 0.70 eur per $ 1.00 . as of december 31 , 2009 , the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $ 15.4 million with contract maturities of 1 month , and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $ 56.0 million with contract maturities of 1 month . the foreign currency forward contracts are not designated as cash flow hedges , and accordingly , changes in their fair value are recorded in other income ( expense ) , net on the consolidated statements of income . the fair value of our foreign currency forward contracts was $ 0.3 million and $ 1.2 million as of december 31 , 2009 and 2008 , respectively . these amounts are included in prepaid expenses and other current assets on the consolidated balance sheet . refer to note 9 for a discussion of the fair value measurements . other income ( expense ) , net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts: . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in thousands )</td><td>year ended december 31 , 2009</td><td>year ended december 31 , 2008</td><td>2007</td></tr><tr><td>2</td><td>unrealized foreign currency exchange rate gains ( losses )</td><td>$ 5222</td><td>$ -5459 ( 5459 )</td><td>$ 2567</td></tr><tr><td>3</td><td>realized foreign currency exchange rate gains ( losses )</td><td>-261 ( 261 )</td><td>-2166 ( 2166 )</td><td>174</td></tr><tr><td>4</td><td>unrealized derivative gains ( losses )</td><td>-1060 ( 1060 )</td><td>1650</td><td>-243 ( 243 )</td></tr><tr><td>5</td><td>realized derivative losses</td><td>-4412 ( 4412 )</td><td>-204 ( 204 )</td><td>-469 ( 469 )</td></tr></table> although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows , we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations . inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results . although we do not believe that inflation has had a material impact on our financial position or results of operations to date , a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling , general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs. . Conversations: q0: what is the balance in the air value of our foreign currency forward contracts in 2009? {answer0} q1: what about in 2008? {answer1} q2: what is the net change? {answer2} Question: what percentage change does this represent? Answer:

-0.75

convfinqa439

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>pensionbenefits</td><td>otherbenefits</td></tr><tr><td>2</td><td>2007</td><td>$ 1440</td><td>$ 260</td></tr><tr><td>3</td><td>2008</td><td>1490</td><td>260</td></tr><tr><td>4</td><td>2009</td><td>1540</td><td>270</td></tr><tr><td>5</td><td>2010</td><td>1600</td><td>270</td></tr><tr><td>6</td><td>2011</td><td>1660</td><td>270</td></tr><tr><td>7</td><td>years 2012 2013 2016</td><td>9530</td><td>1260</td></tr></table> as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing . Conversations: Question: what is the total operating leases that have a remaining term of more than one year, in billions? Answer:

1.1

convfinqa440

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>pensionbenefits</td><td>otherbenefits</td></tr><tr><td>2</td><td>2007</td><td>$ 1440</td><td>$ 260</td></tr><tr><td>3</td><td>2008</td><td>1490</td><td>260</td></tr><tr><td>4</td><td>2009</td><td>1540</td><td>270</td></tr><tr><td>5</td><td>2010</td><td>1600</td><td>270</td></tr><tr><td>6</td><td>2011</td><td>1660</td><td>270</td></tr><tr><td>7</td><td>years 2012 2013 2016</td><td>9530</td><td>1260</td></tr></table> as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing . Conversations: q0: what is the total operating leases that have a remaining term of more than one year, in billions? {answer0} Question: what about in millions? Answer:

1100.0

convfinqa441

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>pensionbenefits</td><td>otherbenefits</td></tr><tr><td>2</td><td>2007</td><td>$ 1440</td><td>$ 260</td></tr><tr><td>3</td><td>2008</td><td>1490</td><td>260</td></tr><tr><td>4</td><td>2009</td><td>1540</td><td>270</td></tr><tr><td>5</td><td>2010</td><td>1600</td><td>270</td></tr><tr><td>6</td><td>2011</td><td>1660</td><td>270</td></tr><tr><td>7</td><td>years 2012 2013 2016</td><td>9530</td><td>1260</td></tr></table> as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing . Conversations: q0: what is the total operating leases that have a remaining term of more than one year, in billions? {answer0} q1: what about in millions? {answer1} Question: what amount is due in 2007? Answer:

288.0

convfinqa442

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 . in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments . the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>pensionbenefits</td><td>otherbenefits</td></tr><tr><td>2</td><td>2007</td><td>$ 1440</td><td>$ 260</td></tr><tr><td>3</td><td>2008</td><td>1490</td><td>260</td></tr><tr><td>4</td><td>2009</td><td>1540</td><td>270</td></tr><tr><td>5</td><td>2010</td><td>1600</td><td>270</td></tr><tr><td>6</td><td>2011</td><td>1660</td><td>270</td></tr><tr><td>7</td><td>years 2012 2013 2016</td><td>9530</td><td>1260</td></tr></table> as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits . the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million . the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 . we also sponsor a small number of foreign benefit plans . the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows . note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively . future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) . certain major plant facilities and equipment are furnished by the u.s . government under short-term or cancelable arrangements . note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment . we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole . we cannot predict the outcome of legal proceedings with certainty . these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio . the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology . we are cooperating with the government 2019s investigation . on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california . we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program . the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s . air force , as authorized by public law 85-804 . on august 31 , 2004 , the united states denied the claim . our appeal of that decision is pending with the armed services board of contract appeals . on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel . natural resources defense council , et al v . lockheed martin corporation , et al , and united states ex rel . john d . tillson v . lockheed martin energy systems , inc. , et al . the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing . Conversations: q0: what is the total operating leases that have a remaining term of more than one year, in billions? {answer0} q1: what about in millions? {answer1} q2: what amount is due in 2007? {answer2} Question: what proportion does this represent? Answer:

0.26182

convfinqa443

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies . the maximum exposure with respect to such contractual contingent guarantees was approximately $ 48 million at december 31 , 2011 . aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding . some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $ 64 million at december 31 , 2011 . during 2011 , the company funded $ 15 million of these commitments . aon expects that as prudent business interests dictate , additional guarantees and indemnifications may be issued from time to time . 17 . related party transactions during 2011 , the company , in the ordinary course of business , provided retail brokerage , consulting and financial advisory services to , and received wholesale brokerage services from , an entity that is controlled by one of the company 2019s stockholders . these transactions were negotiated at an arms-length basis and contain customary terms and conditions . during 2011 , commissions and fee revenue from these transactions was approximately $ 9 million . 18 . segment information the company has two reportable operating segments : risk solutions and hr solutions . unallocated income and expenses , when combined with the operating segments and after the elimination of intersegment revenues and expenses , total to the amounts in the consolidated financial statements . reportable operating segments have been determined using a management approach , which is consistent with the basis and manner in which aon 2019s chief operating decision maker ( 2018 2018codm 2019 2019 ) uses financial information for the purposes of allocating resources and assessing performance . the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices . the company does not present net assets by segment as this information is not reviewed by the codm . risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network . hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . aon 2019s total revenue is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>risk solutions</td><td>$ 6817</td><td>$ 6423</td><td>$ 6305</td></tr><tr><td>3</td><td>hr solutions</td><td>4501</td><td>2111</td><td>1267</td></tr><tr><td>4</td><td>intersegment elimination</td><td>-31 ( 31 )</td><td>-22 ( 22 )</td><td>-26 ( 26 )</td></tr><tr><td>5</td><td>total operating segments</td><td>11287</td><td>8512</td><td>7546</td></tr><tr><td>6</td><td>unallocated</td><td>2014</td><td>2014</td><td>49</td></tr><tr><td>7</td><td>total revenue</td><td>$ 11287</td><td>$ 8512</td><td>$ 7595</td></tr></table> . Conversations: Question: what is the net change in revenue for risk solutions from 2010 to 2011? Answer:

394.0

convfinqa444

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies . the maximum exposure with respect to such contractual contingent guarantees was approximately $ 48 million at december 31 , 2011 . aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding . some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $ 64 million at december 31 , 2011 . during 2011 , the company funded $ 15 million of these commitments . aon expects that as prudent business interests dictate , additional guarantees and indemnifications may be issued from time to time . 17 . related party transactions during 2011 , the company , in the ordinary course of business , provided retail brokerage , consulting and financial advisory services to , and received wholesale brokerage services from , an entity that is controlled by one of the company 2019s stockholders . these transactions were negotiated at an arms-length basis and contain customary terms and conditions . during 2011 , commissions and fee revenue from these transactions was approximately $ 9 million . 18 . segment information the company has two reportable operating segments : risk solutions and hr solutions . unallocated income and expenses , when combined with the operating segments and after the elimination of intersegment revenues and expenses , total to the amounts in the consolidated financial statements . reportable operating segments have been determined using a management approach , which is consistent with the basis and manner in which aon 2019s chief operating decision maker ( 2018 2018codm 2019 2019 ) uses financial information for the purposes of allocating resources and assessing performance . the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices . the company does not present net assets by segment as this information is not reviewed by the codm . risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network . hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . aon 2019s total revenue is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>risk solutions</td><td>$ 6817</td><td>$ 6423</td><td>$ 6305</td></tr><tr><td>3</td><td>hr solutions</td><td>4501</td><td>2111</td><td>1267</td></tr><tr><td>4</td><td>intersegment elimination</td><td>-31 ( 31 )</td><td>-22 ( 22 )</td><td>-26 ( 26 )</td></tr><tr><td>5</td><td>total operating segments</td><td>11287</td><td>8512</td><td>7546</td></tr><tr><td>6</td><td>unallocated</td><td>2014</td><td>2014</td><td>49</td></tr><tr><td>7</td><td>total revenue</td><td>$ 11287</td><td>$ 8512</td><td>$ 7595</td></tr></table> . Conversations: q0: what is the net change in revenue for risk solutions from 2010 to 2011? {answer0} Question: what is the total revenue from risk solutions in 2010? Answer:

6423.0

convfinqa445

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: aon has certain contractual contingent guarantees for premium payments owed by clients to certain insurance companies . the maximum exposure with respect to such contractual contingent guarantees was approximately $ 48 million at december 31 , 2011 . aon has provided commitments to fund certain limited partnerships in which it has an interest in the event that the general partners request funding . some of these commitments have specific expiration dates and the maximum potential funding under these commitments was $ 64 million at december 31 , 2011 . during 2011 , the company funded $ 15 million of these commitments . aon expects that as prudent business interests dictate , additional guarantees and indemnifications may be issued from time to time . 17 . related party transactions during 2011 , the company , in the ordinary course of business , provided retail brokerage , consulting and financial advisory services to , and received wholesale brokerage services from , an entity that is controlled by one of the company 2019s stockholders . these transactions were negotiated at an arms-length basis and contain customary terms and conditions . during 2011 , commissions and fee revenue from these transactions was approximately $ 9 million . 18 . segment information the company has two reportable operating segments : risk solutions and hr solutions . unallocated income and expenses , when combined with the operating segments and after the elimination of intersegment revenues and expenses , total to the amounts in the consolidated financial statements . reportable operating segments have been determined using a management approach , which is consistent with the basis and manner in which aon 2019s chief operating decision maker ( 2018 2018codm 2019 2019 ) uses financial information for the purposes of allocating resources and assessing performance . the codm assesses performance based on operating segment operating income and generally accounts for intersegment revenue as if the revenue were from third parties and at what management believes are current market prices . the company does not present net assets by segment as this information is not reviewed by the codm . risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through aon 2019s global distribution network . hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . aon 2019s total revenue is as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>years ended december 31</td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>risk solutions</td><td>$ 6817</td><td>$ 6423</td><td>$ 6305</td></tr><tr><td>3</td><td>hr solutions</td><td>4501</td><td>2111</td><td>1267</td></tr><tr><td>4</td><td>intersegment elimination</td><td>-31 ( 31 )</td><td>-22 ( 22 )</td><td>-26 ( 26 )</td></tr><tr><td>5</td><td>total operating segments</td><td>11287</td><td>8512</td><td>7546</td></tr><tr><td>6</td><td>unallocated</td><td>2014</td><td>2014</td><td>49</td></tr><tr><td>7</td><td>total revenue</td><td>$ 11287</td><td>$ 8512</td><td>$ 7595</td></tr></table> . Conversations: q0: what is the net change in revenue for risk solutions from 2010 to 2011? {answer0} q1: what is the total revenue from risk solutions in 2010? {answer1} Question: what percentage increase does this represent? Answer:

0.06134

convfinqa446

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan . marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant . through 2004 , certain stock options were granted under the 2003 plan with a tandem stock appreciation right , which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock , as determined in accordance with the 2003 plan , over the option price of the shares . in general , stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock appreciation rights 2013 prior to 2005 , marathon granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , marathon granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by marathon 2019s transfer agent . common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . stock-based compensation expense 2013 total employee stock-based compensation expense was $ 80 million , $ 83 million and $ 111 million in 2007 , 2006 and 2005 . the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million . in 2007 and 2006 , cash received upon exercise of stock option awards was $ 27 million and $ 50 million . tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million . cash settlements of stock option awards totaled $ 1 million and $ 3 million in 2007 and 2006 . stock option awards granted 2013 during 2007 , 2006 and 2005 , marathon granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>weighted average exercise price per share</td><td>$ 60.94</td><td>$ 37.84</td><td>$ 25.14</td></tr><tr><td>3</td><td>expected annual dividends per share</td><td>$ 0.96</td><td>$ 0.80</td><td>$ 0.66</td></tr><tr><td>4</td><td>expected life in years</td><td>5.0</td><td>5.1</td><td>5.5</td></tr><tr><td>5</td><td>expected volatility</td><td>27% ( 27 % )</td><td>28% ( 28 % )</td><td>28% ( 28 % )</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>4.1% ( 4.1 % )</td><td>5.0% ( 5.0 % )</td><td>3.8% ( 3.8 % )</td></tr><tr><td>7</td><td>weighted average grant date fair value of stock option awards granted</td><td>$ 17.24</td><td>$ 10.19</td><td>$ 6.15</td></tr></table> . Conversations: Question: how much did the weighted average exercise price per share increase between 2005 and 2007? Answer:

35.8

convfinqa447

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan . marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant . through 2004 , certain stock options were granted under the 2003 plan with a tandem stock appreciation right , which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock , as determined in accordance with the 2003 plan , over the option price of the shares . in general , stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock appreciation rights 2013 prior to 2005 , marathon granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , marathon granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by marathon 2019s transfer agent . common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . stock-based compensation expense 2013 total employee stock-based compensation expense was $ 80 million , $ 83 million and $ 111 million in 2007 , 2006 and 2005 . the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million . in 2007 and 2006 , cash received upon exercise of stock option awards was $ 27 million and $ 50 million . tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million . cash settlements of stock option awards totaled $ 1 million and $ 3 million in 2007 and 2006 . stock option awards granted 2013 during 2007 , 2006 and 2005 , marathon granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>weighted average exercise price per share</td><td>$ 60.94</td><td>$ 37.84</td><td>$ 25.14</td></tr><tr><td>3</td><td>expected annual dividends per share</td><td>$ 0.96</td><td>$ 0.80</td><td>$ 0.66</td></tr><tr><td>4</td><td>expected life in years</td><td>5.0</td><td>5.1</td><td>5.5</td></tr><tr><td>5</td><td>expected volatility</td><td>27% ( 27 % )</td><td>28% ( 28 % )</td><td>28% ( 28 % )</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>4.1% ( 4.1 % )</td><td>5.0% ( 5.0 % )</td><td>3.8% ( 3.8 % )</td></tr><tr><td>7</td><td>weighted average grant date fair value of stock option awards granted</td><td>$ 17.24</td><td>$ 10.19</td><td>$ 6.15</td></tr></table> . Conversations: q0: how much did the weighted average exercise price per share increase between 2005 and 2007? {answer0} Question: so what was the percentage change during this time? Answer:

1.42403

convfinqa448

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan . marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant . through 2004 , certain stock options were granted under the 2003 plan with a tandem stock appreciation right , which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock , as determined in accordance with the 2003 plan , over the option price of the shares . in general , stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock appreciation rights 2013 prior to 2005 , marathon granted sars under the 2003 plan . no stock appreciation rights have been granted under the 2007 plan . similar to stock options , stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price . under the 2003 plan , certain sars were granted as stock-settled sars and others were granted in tandem with stock options . in general , sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted . stock-based performance awards 2013 prior to 2005 , marathon granted stock-based performance awards under the 2003 plan . no stock-based performance awards have been granted under the 2007 plan . beginning in 2005 , marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers . all stock-based performance awards granted under the 2003 plan have either vested or been forfeited . as a result , there are no outstanding stock-based performance awards . restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan . in 2005 , the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package . the restricted stock awards to officers vest three years from the date of grant , contingent on the recipient 2019s continued employment . marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees ( 201crestricted stock awards 201d ) , based on their performance within certain guidelines and for retention purposes . the restricted stock awards to non-officers generally vest in one-third increments over a three-year period , contingent on the recipient 2019s continued employment . prior to vesting , all restricted stock recipients have the right to vote such stock and receive dividends thereon . the non-vested shares are not transferable and are held by marathon 2019s transfer agent . common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan . all non-employee directors other than the chairman receive annual grants of common stock units , and they are required to hold those units until they leave the board of directors . when dividends are paid on marathon common stock , directors receive dividend equivalents in the form of additional common stock units . stock-based compensation expense 2013 total employee stock-based compensation expense was $ 80 million , $ 83 million and $ 111 million in 2007 , 2006 and 2005 . the total related income tax benefits were $ 29 million , $ 31 million and $ 39 million . in 2007 and 2006 , cash received upon exercise of stock option awards was $ 27 million and $ 50 million . tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $ 30 million and $ 36 million . cash settlements of stock option awards totaled $ 1 million and $ 3 million in 2007 and 2006 . stock option awards granted 2013 during 2007 , 2006 and 2005 , marathon granted stock option awards to both officer and non-officer employees . the weighted average grant date fair value of these awards was based on the following black-scholes assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>weighted average exercise price per share</td><td>$ 60.94</td><td>$ 37.84</td><td>$ 25.14</td></tr><tr><td>3</td><td>expected annual dividends per share</td><td>$ 0.96</td><td>$ 0.80</td><td>$ 0.66</td></tr><tr><td>4</td><td>expected life in years</td><td>5.0</td><td>5.1</td><td>5.5</td></tr><tr><td>5</td><td>expected volatility</td><td>27% ( 27 % )</td><td>28% ( 28 % )</td><td>28% ( 28 % )</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>4.1% ( 4.1 % )</td><td>5.0% ( 5.0 % )</td><td>3.8% ( 3.8 % )</td></tr><tr><td>7</td><td>weighted average grant date fair value of stock option awards granted</td><td>$ 17.24</td><td>$ 10.19</td><td>$ 6.15</td></tr></table> . Conversations: q0: how much did the weighted average exercise price per share increase between 2005 and 2007? {answer0} q1: so what was the percentage change during this time? {answer1} Question: what were the total tax benefits for deductions in 2007 and 2006 in excess of the stock-based compensation expense for options exercised and other stock-based awards vested? Answer:

66.0

convfinqa449

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: masco corporation notes to consolidated financial statements ( continued ) h . goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products . . . . . . . . . . . $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 . <table class='wikitable'><tr><td>1</td><td></td><td>gross goodwill at december 31 2010</td><td>accumulated impairment losses</td><td>net goodwill at december 31 2010</td><td>additions ( a )</td><td>discontinued operations ( b )</td><td>pre-tax impairment charge</td><td>other ( c )</td><td>net goodwill at december 31 2011</td></tr><tr><td>2</td><td>cabinets and related products</td><td>$ 587</td><td>$ -364 ( 364 )</td><td>$ 223</td><td>$ 2014</td><td>$ 2014</td><td>$ -44 ( 44 )</td><td>$ 2</td><td>$ 181</td></tr><tr><td>3</td><td>plumbing products</td><td>536</td><td>-340 ( 340 )</td><td>196</td><td>9</td><td>2014</td><td>2014</td><td>-4 ( 4 )</td><td>201</td></tr><tr><td>4</td><td>installation and other services</td><td>1819</td><td>-762 ( 762 )</td><td>1057</td><td>2014</td><td>-13 ( 13 )</td><td>2014</td><td>2014</td><td>1044</td></tr><tr><td>5</td><td>decorative architectural products</td><td>294</td><td>2014</td><td>294</td><td>2014</td><td>2014</td><td>-75 ( 75 )</td><td>2014</td><td>219</td></tr><tr><td>6</td><td>other specialty products</td><td>980</td><td>-367 ( 367 )</td><td>613</td><td>2014</td><td>2014</td><td>-367 ( 367 )</td><td>2014</td><td>246</td></tr><tr><td>7</td><td>total</td><td>$ 4216</td><td>$ -1833 ( 1833 )</td><td>$ 2383</td><td>$ 9</td><td>$ -13 ( 13 )</td><td>$ -486 ( 486 )</td><td>$ -2 ( 2 )</td><td>$ 1891</td></tr></table> ( a ) additions include acquisitions . ( b ) during 2011 , the company reclassified the goodwill related to the business units held for sale . subsequent to the reclassification , the company recognized a charge for those business units expected to be divested at a loss ; the charge included a write-down of goodwill of $ 13 million . ( c ) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions . in the fourth quarters of 2012 and 2011 , the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets . the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units . the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired . the company recognized the non-cash , pre-tax impairment charges , in continuing operations , for goodwill of $ 486 million ( $ 330 million , after tax ) for 2011 . in 2011 , the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products , as well as decreased operating margins . the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business . the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s. , the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated . the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31 , 2011 . other indefinite-lived intangible assets were $ 132 million and $ 174 million at december 31 , 2012 and 2011 , respectively , and principally included registered trademarks . in 2012 and 2011 , the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment ( 2011 only ) were impaired due to changes in the long-term outlook for the business units . the company recognized non-cash , pre-tax impairment charges for other indefinite- lived intangible assets of $ 42 million ( $ 27 million , after tax ) and $ 8 million ( $ 5 million , after tax ) in 2012 and 2011 , respectively . in 2010 , the company recognized non-cash , pre-tax impairment charges for other indefinite-lived intangible assets of $ 10 million ( $ 6 million after tax ) related to the installation and other services segment ( $ 9 million pre-tax ) and the plumbing products segment ( $ 1 million pre-tax ) . . Conversations: Question: what was the net change in value of total net goodwill from 2010 to 2011? Answer:

-492.0

convfinqa450

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: masco corporation notes to consolidated financial statements ( continued ) h . goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products . . . . . . . . . . . $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 . <table class='wikitable'><tr><td>1</td><td></td><td>gross goodwill at december 31 2010</td><td>accumulated impairment losses</td><td>net goodwill at december 31 2010</td><td>additions ( a )</td><td>discontinued operations ( b )</td><td>pre-tax impairment charge</td><td>other ( c )</td><td>net goodwill at december 31 2011</td></tr><tr><td>2</td><td>cabinets and related products</td><td>$ 587</td><td>$ -364 ( 364 )</td><td>$ 223</td><td>$ 2014</td><td>$ 2014</td><td>$ -44 ( 44 )</td><td>$ 2</td><td>$ 181</td></tr><tr><td>3</td><td>plumbing products</td><td>536</td><td>-340 ( 340 )</td><td>196</td><td>9</td><td>2014</td><td>2014</td><td>-4 ( 4 )</td><td>201</td></tr><tr><td>4</td><td>installation and other services</td><td>1819</td><td>-762 ( 762 )</td><td>1057</td><td>2014</td><td>-13 ( 13 )</td><td>2014</td><td>2014</td><td>1044</td></tr><tr><td>5</td><td>decorative architectural products</td><td>294</td><td>2014</td><td>294</td><td>2014</td><td>2014</td><td>-75 ( 75 )</td><td>2014</td><td>219</td></tr><tr><td>6</td><td>other specialty products</td><td>980</td><td>-367 ( 367 )</td><td>613</td><td>2014</td><td>2014</td><td>-367 ( 367 )</td><td>2014</td><td>246</td></tr><tr><td>7</td><td>total</td><td>$ 4216</td><td>$ -1833 ( 1833 )</td><td>$ 2383</td><td>$ 9</td><td>$ -13 ( 13 )</td><td>$ -486 ( 486 )</td><td>$ -2 ( 2 )</td><td>$ 1891</td></tr></table> ( a ) additions include acquisitions . ( b ) during 2011 , the company reclassified the goodwill related to the business units held for sale . subsequent to the reclassification , the company recognized a charge for those business units expected to be divested at a loss ; the charge included a write-down of goodwill of $ 13 million . ( c ) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions . in the fourth quarters of 2012 and 2011 , the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets . the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units . the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired . the company recognized the non-cash , pre-tax impairment charges , in continuing operations , for goodwill of $ 486 million ( $ 330 million , after tax ) for 2011 . in 2011 , the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products , as well as decreased operating margins . the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business . the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s. , the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated . the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31 , 2011 . other indefinite-lived intangible assets were $ 132 million and $ 174 million at december 31 , 2012 and 2011 , respectively , and principally included registered trademarks . in 2012 and 2011 , the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment ( 2011 only ) were impaired due to changes in the long-term outlook for the business units . the company recognized non-cash , pre-tax impairment charges for other indefinite- lived intangible assets of $ 42 million ( $ 27 million , after tax ) and $ 8 million ( $ 5 million , after tax ) in 2012 and 2011 , respectively . in 2010 , the company recognized non-cash , pre-tax impairment charges for other indefinite-lived intangible assets of $ 10 million ( $ 6 million after tax ) related to the installation and other services segment ( $ 9 million pre-tax ) and the plumbing products segment ( $ 1 million pre-tax ) . . Conversations: q0: what was the net change in value of total net goodwill from 2010 to 2011? {answer0} Question: what was the 2010 value? Answer:

2383.0

convfinqa451

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: masco corporation notes to consolidated financial statements ( continued ) h . goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products . . . . . . . . . . . $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 . <table class='wikitable'><tr><td>1</td><td></td><td>gross goodwill at december 31 2010</td><td>accumulated impairment losses</td><td>net goodwill at december 31 2010</td><td>additions ( a )</td><td>discontinued operations ( b )</td><td>pre-tax impairment charge</td><td>other ( c )</td><td>net goodwill at december 31 2011</td></tr><tr><td>2</td><td>cabinets and related products</td><td>$ 587</td><td>$ -364 ( 364 )</td><td>$ 223</td><td>$ 2014</td><td>$ 2014</td><td>$ -44 ( 44 )</td><td>$ 2</td><td>$ 181</td></tr><tr><td>3</td><td>plumbing products</td><td>536</td><td>-340 ( 340 )</td><td>196</td><td>9</td><td>2014</td><td>2014</td><td>-4 ( 4 )</td><td>201</td></tr><tr><td>4</td><td>installation and other services</td><td>1819</td><td>-762 ( 762 )</td><td>1057</td><td>2014</td><td>-13 ( 13 )</td><td>2014</td><td>2014</td><td>1044</td></tr><tr><td>5</td><td>decorative architectural products</td><td>294</td><td>2014</td><td>294</td><td>2014</td><td>2014</td><td>-75 ( 75 )</td><td>2014</td><td>219</td></tr><tr><td>6</td><td>other specialty products</td><td>980</td><td>-367 ( 367 )</td><td>613</td><td>2014</td><td>2014</td><td>-367 ( 367 )</td><td>2014</td><td>246</td></tr><tr><td>7</td><td>total</td><td>$ 4216</td><td>$ -1833 ( 1833 )</td><td>$ 2383</td><td>$ 9</td><td>$ -13 ( 13 )</td><td>$ -486 ( 486 )</td><td>$ -2 ( 2 )</td><td>$ 1891</td></tr></table> ( a ) additions include acquisitions . ( b ) during 2011 , the company reclassified the goodwill related to the business units held for sale . subsequent to the reclassification , the company recognized a charge for those business units expected to be divested at a loss ; the charge included a write-down of goodwill of $ 13 million . ( c ) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions . in the fourth quarters of 2012 and 2011 , the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets . the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units . the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired . the company recognized the non-cash , pre-tax impairment charges , in continuing operations , for goodwill of $ 486 million ( $ 330 million , after tax ) for 2011 . in 2011 , the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products , as well as decreased operating margins . the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business . the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s. , the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated . the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31 , 2011 . other indefinite-lived intangible assets were $ 132 million and $ 174 million at december 31 , 2012 and 2011 , respectively , and principally included registered trademarks . in 2012 and 2011 , the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment ( 2011 only ) were impaired due to changes in the long-term outlook for the business units . the company recognized non-cash , pre-tax impairment charges for other indefinite- lived intangible assets of $ 42 million ( $ 27 million , after tax ) and $ 8 million ( $ 5 million , after tax ) in 2012 and 2011 , respectively . in 2010 , the company recognized non-cash , pre-tax impairment charges for other indefinite-lived intangible assets of $ 10 million ( $ 6 million after tax ) related to the installation and other services segment ( $ 9 million pre-tax ) and the plumbing products segment ( $ 1 million pre-tax ) . . Conversations: q0: what was the net change in value of total net goodwill from 2010 to 2011? {answer0} q1: what was the 2010 value? {answer1} Question: what is the net change divide by the 2010 value? Answer:

-0.20646

convfinqa452

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes . <table class='wikitable'><tr><td>1</td><td></td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>finished goods</td><td>$ 384.3</td><td>$ 206.7</td></tr><tr><td>3</td><td>raw materials and work in progress</td><td>90.8</td><td>50.9</td></tr><tr><td>4</td><td>inventory step-up</td><td>52.6</td><td>2013</td></tr><tr><td>5</td><td>inventories net</td><td>$ 527.7</td><td>$ 257.6</td></tr></table> made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever . Conversations: Question: what was the total of inventories in 2003? Answer:

527.7

convfinqa453

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes . <table class='wikitable'><tr><td>1</td><td></td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>finished goods</td><td>$ 384.3</td><td>$ 206.7</td></tr><tr><td>3</td><td>raw materials and work in progress</td><td>90.8</td><td>50.9</td></tr><tr><td>4</td><td>inventory step-up</td><td>52.6</td><td>2013</td></tr><tr><td>5</td><td>inventories net</td><td>$ 527.7</td><td>$ 257.6</td></tr></table> made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever . Conversations: q0: what was the total of inventories in 2003? {answer0} Question: and what was it in 2002? Answer:

257.6

convfinqa454

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes . <table class='wikitable'><tr><td>1</td><td></td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>finished goods</td><td>$ 384.3</td><td>$ 206.7</td></tr><tr><td>3</td><td>raw materials and work in progress</td><td>90.8</td><td>50.9</td></tr><tr><td>4</td><td>inventory step-up</td><td>52.6</td><td>2013</td></tr><tr><td>5</td><td>inventories net</td><td>$ 527.7</td><td>$ 257.6</td></tr></table> made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever . Conversations: q0: what was the total of inventories in 2003? {answer0} q1: and what was it in 2002? {answer1} Question: how much, then, did the 2003 amount represent in relation to this 2002 one? Answer:

2.04852

convfinqa455

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes . <table class='wikitable'><tr><td>1</td><td></td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>finished goods</td><td>$ 384.3</td><td>$ 206.7</td></tr><tr><td>3</td><td>raw materials and work in progress</td><td>90.8</td><td>50.9</td></tr><tr><td>4</td><td>inventory step-up</td><td>52.6</td><td>2013</td></tr><tr><td>5</td><td>inventories net</td><td>$ 527.7</td><td>$ 257.6</td></tr></table> made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever . Conversations: q0: what was the total of inventories in 2003? {answer0} q1: and what was it in 2002? {answer1} q2: how much, then, did the 2003 amount represent in relation to this 2002 one? {answer2} Question: and what is that excluding the portion equivalent to the 2002 amount? Answer:

1.04852

convfinqa456

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes . <table class='wikitable'><tr><td>1</td><td></td><td>2003</td><td>2002</td></tr><tr><td>2</td><td>finished goods</td><td>$ 384.3</td><td>$ 206.7</td></tr><tr><td>3</td><td>raw materials and work in progress</td><td>90.8</td><td>50.9</td></tr><tr><td>4</td><td>inventory step-up</td><td>52.6</td><td>2013</td></tr><tr><td>5</td><td>inventories net</td><td>$ 527.7</td><td>$ 257.6</td></tr></table> made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever . Conversations: q0: what was the total of inventories in 2003? {answer0} q1: and what was it in 2002? {answer1} q2: how much, then, did the 2003 amount represent in relation to this 2002 one? {answer2} q3: and what is that excluding the portion equivalent to the 2002 amount? {answer3} Question: between those same two years, what was the change in the total of finished goods, in millions? Answer:

177.6

convfinqa457

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: we hold an interest rate swap agreement to hedge the benchmark interest rate of our $ 375 million 5.0% ( 5.0 % ) senior unsecured notes due july 1 , 2014 . the effect of the swap is to convert our 5.0% ( 5.0 % ) fixed interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.42% ( 2.42 % ) as of october 29 , 2011 ) . in addition , we have a term loan facility of $ 145 million that bears interest at a fluctuating rate for each period equal to the libor rate corresponding with the tenor of the interest period plus a spread of 1.25% ( 1.25 % ) ( 1.61% ( 1.61 % ) as of october 29 , 2011 ) . if libor increases by 100 basis points , our annual interest expense would increase by approximately $ 5 million . however , this hypothetical change in interest rates would not impact the interest expense on our $ 375 million of 3% ( 3 % ) fixed-rate debt , which is not hedged . as of october 30 , 2010 , a similar 100 basis point increase in libor would have resulted in an increase of approximately $ 4 million to our annual interest expense . foreign currency exposure as more fully described in note 2i in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s . dollar-based exposures by entering into forward foreign currency exchange contracts . the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months . currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses . relative to foreign currency exposures existing at october 29 , 2011 and october 30 , 2010 , a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates over the course of the year would expose us to approximately $ 6 million in losses in earnings or cash flows . the market risk associated with our derivative instruments results from currency exchange rates that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged . the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings . based on the credit ratings of our counterparties as of october 29 , 2011 , we do not believe that there is significant risk of nonperformance by them . while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of our exposure to credit risk . the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties . the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s . dollar , would have on the fair value of our forward exchange contracts as of october 29 , 2011 and october 30 , 2010: . <table class='wikitable'><tr><td>1</td><td></td><td>october 29 2011</td><td>october 30 2010</td></tr><tr><td>2</td><td>fair value of forward exchange contracts asset</td><td>$ 2472</td><td>$ 7256</td></tr><tr><td>3</td><td>fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset</td><td>$ 17859</td><td>$ 22062</td></tr><tr><td>4</td><td>fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability</td><td>$ -13332 ( 13332 )</td><td>$ -7396 ( 7396 )</td></tr></table> fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset . . . . . . . . . . . . . . . . . $ 17859 $ 22062 fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability . . . . . . . . . . . . . . . . . . . . . . . $ ( 13332 ) $ ( 7396 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s . dollar . in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive . our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. . Conversations: Question: what is the net change fair value of forward exchange contracts asset from 2010 to 2011? Answer:

-4784.0

convfinqa458

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: we hold an interest rate swap agreement to hedge the benchmark interest rate of our $ 375 million 5.0% ( 5.0 % ) senior unsecured notes due july 1 , 2014 . the effect of the swap is to convert our 5.0% ( 5.0 % ) fixed interest rate to a variable interest rate based on the three-month libor plus 2.05% ( 2.05 % ) ( 2.42% ( 2.42 % ) as of october 29 , 2011 ) . in addition , we have a term loan facility of $ 145 million that bears interest at a fluctuating rate for each period equal to the libor rate corresponding with the tenor of the interest period plus a spread of 1.25% ( 1.25 % ) ( 1.61% ( 1.61 % ) as of october 29 , 2011 ) . if libor increases by 100 basis points , our annual interest expense would increase by approximately $ 5 million . however , this hypothetical change in interest rates would not impact the interest expense on our $ 375 million of 3% ( 3 % ) fixed-rate debt , which is not hedged . as of october 30 , 2010 , a similar 100 basis point increase in libor would have resulted in an increase of approximately $ 4 million to our annual interest expense . foreign currency exposure as more fully described in note 2i in the notes to consolidated financial statements contained in item 8 of this annual report on form 10-k , we regularly hedge our non-u.s . dollar-based exposures by entering into forward foreign currency exchange contracts . the terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months . currently , our largest foreign currency exposure is the euro , primarily because our european operations have the highest proportion of our local currency denominated expenses . relative to foreign currency exposures existing at october 29 , 2011 and october 30 , 2010 , a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates over the course of the year would expose us to approximately $ 6 million in losses in earnings or cash flows . the market risk associated with our derivative instruments results from currency exchange rates that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged . the counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings . based on the credit ratings of our counterparties as of october 29 , 2011 , we do not believe that there is significant risk of nonperformance by them . while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of our exposure to credit risk . the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed our obligations to the counterparties . the following table illustrates the effect that a 10% ( 10 % ) unfavorable or favorable movement in foreign currency exchange rates , relative to the u.s . dollar , would have on the fair value of our forward exchange contracts as of october 29 , 2011 and october 30 , 2010: . <table class='wikitable'><tr><td>1</td><td></td><td>october 29 2011</td><td>october 30 2010</td></tr><tr><td>2</td><td>fair value of forward exchange contracts asset</td><td>$ 2472</td><td>$ 7256</td></tr><tr><td>3</td><td>fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset</td><td>$ 17859</td><td>$ 22062</td></tr><tr><td>4</td><td>fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability</td><td>$ -13332 ( 13332 )</td><td>$ -7396 ( 7396 )</td></tr></table> fair value of forward exchange contracts after a 10% ( 10 % ) unfavorable movement in foreign currency exchange rates asset . . . . . . . . . . . . . . . . . $ 17859 $ 22062 fair value of forward exchange contracts after a 10% ( 10 % ) favorable movement in foreign currency exchange rates liability . . . . . . . . . . . . . . . . . . . . . . . $ ( 13332 ) $ ( 7396 ) the calculation assumes that each exchange rate would change in the same direction relative to the u.s . dollar . in addition to the direct effects of changes in exchange rates , such changes typically affect the volume of sales or the foreign currency sales price as competitors 2019 products become more or less attractive . our sensitivity analysis of the effects of changes in foreign currency exchange rates does not factor in a potential change in sales levels or local currency selling prices. . Conversations: q0: what is the net change fair value of forward exchange contracts asset from 2010 to 2011? {answer0} Question: what percentage change does this represent? Answer:

-0.65932

convfinqa459

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: Question: what was the change in the total cash flow between 2014 and 2015? Answer:

17.0

convfinqa460

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what was the change in the total cash flow between 2014 and 2015? {answer0} Question: so what was the percentage increase during this time? Answer:

0.02045

convfinqa461

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what was the change in the total cash flow between 2014 and 2015? {answer0} q1: so what was the percentage increase during this time? {answer1} Question: and converted from a decimal to a percentage? Answer:

2.04524

convfinqa462

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what was the change in the total cash flow between 2014 and 2015? {answer0} q1: so what was the percentage increase during this time? {answer1} q2: and converted from a decimal to a percentage? {answer2} Question: what was the net change in cash from operating and investing activities? Answer:

471.2

convfinqa463

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2015</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 848.2</td><td>$ 831.2</td><td>$ 598.4</td></tr><tr><td>3</td><td>net cash used in working capital2</td><td>-117.5 ( 117.5 )</td><td>-131.1 ( 131.1 )</td><td>-9.6 ( 9.6 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>-56.7 ( 56.7 )</td><td>-30.6 ( 30.6 )</td><td>4.1</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 674.0</td><td>$ 669.5</td><td>$ 592.9</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-202.8 ( 202.8 )</td><td>-200.8 ( 200.8 )</td><td>-224.5 ( 224.5 )</td></tr><tr><td>7</td><td>net cash used in financing activities</td><td>-472.8 ( 472.8 )</td><td>-343.9 ( 343.9 )</td><td>-1212.3 ( 1212.3 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash ( gain ) loss related to early extinguishment of debt , losses on sales of businesses and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2015 was $ 674.0 , which was an improvement of $ 4.5 as compared to 2014 , primarily as a result of an improvement in working capital usage of $ 13.6 . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . our net working capital usage in 2015 was primarily attributable to our media businesses . net cash provided by operating activities during 2014 was $ 669.5 , which was an improvement of $ 76.6 as compared to 2013 , primarily as a result of an increase in net income , offset by an increase in working capital usage of $ 121.5 . our net working capital usage in 2014 was impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible , we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $ 161.1 , largely attributable to purchases of leasehold improvements and computer hardware . net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions . capital expenditures of $ 148.7 related primarily to computer hardware and software and leasehold improvements . we made payments of $ 67.8 related to acquisitions completed during 2014 , net of cash acquired. . Conversations: q0: what was the change in the total cash flow between 2014 and 2015? {answer0} q1: so what was the percentage increase during this time? {answer1} q2: and converted from a decimal to a percentage? {answer2} q3: what was the net change in cash from operating and investing activities? {answer3} Question: and the total net change in cash for 2015? Answer:

-1.6

convfinqa464

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2007</td><td>1703</td></tr><tr><td>3</td><td>2008</td><td>1371</td></tr><tr><td>4</td><td>2009</td><td>1035</td></tr><tr><td>5</td><td>2010</td><td>710</td></tr><tr><td>6</td><td>total future minimum lease payments</td><td>$ 4819</td></tr></table> from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association . Conversations: Question: what were operating leases in 2007? Answer:

1703.0

convfinqa465

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2007</td><td>1703</td></tr><tr><td>3</td><td>2008</td><td>1371</td></tr><tr><td>4</td><td>2009</td><td>1035</td></tr><tr><td>5</td><td>2010</td><td>710</td></tr><tr><td>6</td><td>total future minimum lease payments</td><td>$ 4819</td></tr></table> from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association . Conversations: q0: what were operating leases in 2007? {answer0} Question: what were they in 2008? Answer:

1371.0

convfinqa466

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2007</td><td>1703</td></tr><tr><td>3</td><td>2008</td><td>1371</td></tr><tr><td>4</td><td>2009</td><td>1035</td></tr><tr><td>5</td><td>2010</td><td>710</td></tr><tr><td>6</td><td>total future minimum lease payments</td><td>$ 4819</td></tr></table> from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association . Conversations: q0: what were operating leases in 2007? {answer0} q1: what were they in 2008? {answer1} Question: what is the net change from 2007 to 2008? Answer:

332.0

convfinqa467

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2007</td><td>1703</td></tr><tr><td>3</td><td>2008</td><td>1371</td></tr><tr><td>4</td><td>2009</td><td>1035</td></tr><tr><td>5</td><td>2010</td><td>710</td></tr><tr><td>6</td><td>total future minimum lease payments</td><td>$ 4819</td></tr></table> from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association . Conversations: q0: what were operating leases in 2007? {answer0} q1: what were they in 2008? {answer1} q2: what is the net change from 2007 to 2008? {answer2} Question: what was the 2007 value? Answer:

1703.0

convfinqa468

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases . <table class='wikitable'><tr><td>1</td><td>fiscal year ending march 31,</td><td>operating leases</td></tr><tr><td>2</td><td>2007</td><td>1703</td></tr><tr><td>3</td><td>2008</td><td>1371</td></tr><tr><td>4</td><td>2009</td><td>1035</td></tr><tr><td>5</td><td>2010</td><td>710</td></tr><tr><td>6</td><td>total future minimum lease payments</td><td>$ 4819</td></tr></table> from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association . Conversations: q0: what were operating leases in 2007? {answer0} q1: what were they in 2008? {answer1} q2: what is the net change from 2007 to 2008? {answer2} q3: what was the 2007 value? {answer3} Question: what is the percent decrease? Answer:

0.19495

convfinqa469

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs ( such as hmsc , nisc iii , ciog and nsf asc ) related to prior year awards and a limited number of large new business awards . backlog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions . trends we expect is&gs 2019 2016 net sales to decline in the high-single digit percentage range as compared to 2015 , primarily driven by key loss contracts in an increasingly competitive environment , along with volume contraction on the segment 2019s major contracts . operating profit is expected to decline at a higher percentage range in 2016 , as compared to net sales percentage declines , driven by higher margin program losses and re-compete programs awarded at lower margins . accordingly , 2016 margins are expected to be lower than 2015 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics ; fire control systems ; mission operations support , readiness , engineering support and integration services ; manned and unmanned ground vehicles ; and energy management solutions . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td></td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>net sales</td><td>$ 6770</td><td>$ 7092</td><td>$ 6795</td></tr><tr><td>3</td><td>operating profit</td><td>1282</td><td>1344</td><td>1379</td></tr><tr><td>4</td><td>operating margins</td><td>18.9% ( 18.9 % )</td><td>19.0% ( 19.0 % )</td><td>20.3% ( 20.3 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 15500</td><td>$ 13300</td><td>$ 14300</td></tr></table> 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 180 million for air and missile defense programs primarily due to increased volume for thaad ; about $ 115 million for fire control programs due to increased deliveries ( including apache ) ; and about $ 125 million for various other programs due to increased volume . these increases were partially offset by lower net sales of approximately $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery rocket system and army tactical missile system ) . mfc 2019s operating profit decreased $ 35 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of about $ 20 million for tactical missile programs due to net warranty reserve adjustments for various programs ( including jassm and gmlrs ) and fewer deliveries ; and approximately $ 45 million for various other programs due to lower risk retirements . the decreases were offset by higher operating profit of approximately $ 20 million for air and missile defense programs due to increased volume ( primarily thaad and pac-3 ) ; and about . Conversations: Question: what is the sum of the average backlog at year-end in 2014 and 2015? Answer:

28800.0

convfinqa470

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs ( such as hmsc , nisc iii , ciog and nsf asc ) related to prior year awards and a limited number of large new business awards . backlog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions . trends we expect is&gs 2019 2016 net sales to decline in the high-single digit percentage range as compared to 2015 , primarily driven by key loss contracts in an increasingly competitive environment , along with volume contraction on the segment 2019s major contracts . operating profit is expected to decline at a higher percentage range in 2016 , as compared to net sales percentage declines , driven by higher margin program losses and re-compete programs awarded at lower margins . accordingly , 2016 margins are expected to be lower than 2015 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics ; fire control systems ; mission operations support , readiness , engineering support and integration services ; manned and unmanned ground vehicles ; and energy management solutions . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td></td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>net sales</td><td>$ 6770</td><td>$ 7092</td><td>$ 6795</td></tr><tr><td>3</td><td>operating profit</td><td>1282</td><td>1344</td><td>1379</td></tr><tr><td>4</td><td>operating margins</td><td>18.9% ( 18.9 % )</td><td>19.0% ( 19.0 % )</td><td>20.3% ( 20.3 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 15500</td><td>$ 13300</td><td>$ 14300</td></tr></table> 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 180 million for air and missile defense programs primarily due to increased volume for thaad ; about $ 115 million for fire control programs due to increased deliveries ( including apache ) ; and about $ 125 million for various other programs due to increased volume . these increases were partially offset by lower net sales of approximately $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery rocket system and army tactical missile system ) . mfc 2019s operating profit decreased $ 35 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of about $ 20 million for tactical missile programs due to net warranty reserve adjustments for various programs ( including jassm and gmlrs ) and fewer deliveries ; and approximately $ 45 million for various other programs due to lower risk retirements . the decreases were offset by higher operating profit of approximately $ 20 million for air and missile defense programs due to increased volume ( primarily thaad and pac-3 ) ; and about . Conversations: q0: what is the sum of the average backlog at year-end in 2014 and 2015? {answer0} Question: what is the sum including the 2013 value? Answer:

43100.0

convfinqa471

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs ( such as hmsc , nisc iii , ciog and nsf asc ) related to prior year awards and a limited number of large new business awards . backlog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions . trends we expect is&gs 2019 2016 net sales to decline in the high-single digit percentage range as compared to 2015 , primarily driven by key loss contracts in an increasingly competitive environment , along with volume contraction on the segment 2019s major contracts . operating profit is expected to decline at a higher percentage range in 2016 , as compared to net sales percentage declines , driven by higher margin program losses and re-compete programs awarded at lower margins . accordingly , 2016 margins are expected to be lower than 2015 results . missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; logistics ; fire control systems ; mission operations support , readiness , engineering support and integration services ; manned and unmanned ground vehicles ; and energy management solutions . mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system , hellfire , jassm , javelin , apache , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) and sof clss . mfc 2019s operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td></td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>net sales</td><td>$ 6770</td><td>$ 7092</td><td>$ 6795</td></tr><tr><td>3</td><td>operating profit</td><td>1282</td><td>1344</td><td>1379</td></tr><tr><td>4</td><td>operating margins</td><td>18.9% ( 18.9 % )</td><td>19.0% ( 19.0 % )</td><td>20.3% ( 20.3 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 15500</td><td>$ 13300</td><td>$ 14300</td></tr></table> 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $ 322 million , or 5% ( 5 % ) , compared to the same period in 2014 . the decrease was attributable to lower net sales of approximately $ 345 million for air and missile defense programs due to fewer deliveries ( primarily pac-3 ) and lower volume ( primarily thaad ) ; and approximately $ 85 million for tactical missile programs due to fewer deliveries ( primarily guided multiple launch rocket system ( gmlrs ) ) and joint air-to-surface standoff missile , partially offset by increased deliveries for hellfire . these decreases were partially offset by higher net sales of approximately $ 55 million for energy solutions programs due to increased volume . mfc 2019s operating profit in 2015 decreased $ 62 million , or 5% ( 5 % ) , compared to 2014 . the decrease was attributable to lower operating profit of approximately $ 100 million for fire control programs due primarily to lower risk retirements ( primarily lantirn and sniper ) ; and approximately $ 65 million for tactical missile programs due to lower risk retirements ( primarily hellfire and gmlrs ) and fewer deliveries . these decreases were partially offset by higher operating profit of approximately $ 75 million for air and missile defense programs due to increased risk retirements ( primarily thaad ) . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 60 million lower in 2015 compared to 2014 . 2014 compared to 2013 mfc 2019s net sales increased $ 297 million , or 4% ( 4 % ) , in 2014 as compared to 2013 . the increase was primarily attributable to higher net sales of approximately $ 180 million for air and missile defense programs primarily due to increased volume for thaad ; about $ 115 million for fire control programs due to increased deliveries ( including apache ) ; and about $ 125 million for various other programs due to increased volume . these increases were partially offset by lower net sales of approximately $ 115 million for tactical missile programs due to fewer deliveries ( primarily high mobility artillery rocket system and army tactical missile system ) . mfc 2019s operating profit decreased $ 35 million , or 3% ( 3 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower operating profit of about $ 20 million for tactical missile programs due to net warranty reserve adjustments for various programs ( including jassm and gmlrs ) and fewer deliveries ; and approximately $ 45 million for various other programs due to lower risk retirements . the decreases were offset by higher operating profit of approximately $ 20 million for air and missile defense programs due to increased volume ( primarily thaad and pac-3 ) ; and about . Conversations: q0: what is the sum of the average backlog at year-end in 2014 and 2015? {answer0} q1: what is the sum including the 2013 value? {answer1} Question: what is that divided by 3? Answer:

14366.66667

convfinqa472

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>maturity amount</td><td>unamortized discount</td><td>carrying value</td><td>fair value</td></tr><tr><td>2</td><td>3.50% ( 3.50 % ) notes due 2014</td><td>$ 1000</td><td>$ 2014</td><td>$ 1000</td><td>$ 1029</td></tr><tr><td>3</td><td>1.375% ( 1.375 % ) notes due 2015</td><td>750</td><td>2014</td><td>750</td><td>759</td></tr><tr><td>4</td><td>6.25% ( 6.25 % ) notes due 2017</td><td>700</td><td>-2 ( 2 )</td><td>698</td><td>812</td></tr><tr><td>5</td><td>5.00% ( 5.00 % ) notes due 2019</td><td>1000</td><td>-2 ( 2 )</td><td>998</td><td>1140</td></tr><tr><td>6</td><td>4.25% ( 4.25 % ) notes due 2021</td><td>750</td><td>-3 ( 3 )</td><td>747</td><td>799</td></tr><tr><td>7</td><td>3.375% ( 3.375 % ) notes due 2022</td><td>750</td><td>-4 ( 4 )</td><td>746</td><td>745</td></tr><tr><td>8</td><td>total long-term borrowings</td><td>$ 4950</td><td>$ -11 ( 11 )</td><td>$ 4939</td><td>$ 5284</td></tr></table> long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior . Conversations: Question: what is the difference between the fair and the carrying value of all notes? Answer:

345.0

convfinqa473

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>maturity amount</td><td>unamortized discount</td><td>carrying value</td><td>fair value</td></tr><tr><td>2</td><td>3.50% ( 3.50 % ) notes due 2014</td><td>$ 1000</td><td>$ 2014</td><td>$ 1000</td><td>$ 1029</td></tr><tr><td>3</td><td>1.375% ( 1.375 % ) notes due 2015</td><td>750</td><td>2014</td><td>750</td><td>759</td></tr><tr><td>4</td><td>6.25% ( 6.25 % ) notes due 2017</td><td>700</td><td>-2 ( 2 )</td><td>698</td><td>812</td></tr><tr><td>5</td><td>5.00% ( 5.00 % ) notes due 2019</td><td>1000</td><td>-2 ( 2 )</td><td>998</td><td>1140</td></tr><tr><td>6</td><td>4.25% ( 4.25 % ) notes due 2021</td><td>750</td><td>-3 ( 3 )</td><td>747</td><td>799</td></tr><tr><td>7</td><td>3.375% ( 3.375 % ) notes due 2022</td><td>750</td><td>-4 ( 4 )</td><td>746</td><td>745</td></tr><tr><td>8</td><td>total long-term borrowings</td><td>$ 4950</td><td>$ -11 ( 11 )</td><td>$ 4939</td><td>$ 5284</td></tr></table> long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior . Conversations: q0: what is the difference between the fair and the carrying value of all notes? {answer0} Question: and what was that carrying value for only the notes due in 2014? Answer:

1000.0

convfinqa474

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>maturity amount</td><td>unamortized discount</td><td>carrying value</td><td>fair value</td></tr><tr><td>2</td><td>3.50% ( 3.50 % ) notes due 2014</td><td>$ 1000</td><td>$ 2014</td><td>$ 1000</td><td>$ 1029</td></tr><tr><td>3</td><td>1.375% ( 1.375 % ) notes due 2015</td><td>750</td><td>2014</td><td>750</td><td>759</td></tr><tr><td>4</td><td>6.25% ( 6.25 % ) notes due 2017</td><td>700</td><td>-2 ( 2 )</td><td>698</td><td>812</td></tr><tr><td>5</td><td>5.00% ( 5.00 % ) notes due 2019</td><td>1000</td><td>-2 ( 2 )</td><td>998</td><td>1140</td></tr><tr><td>6</td><td>4.25% ( 4.25 % ) notes due 2021</td><td>750</td><td>-3 ( 3 )</td><td>747</td><td>799</td></tr><tr><td>7</td><td>3.375% ( 3.375 % ) notes due 2022</td><td>750</td><td>-4 ( 4 )</td><td>746</td><td>745</td></tr><tr><td>8</td><td>total long-term borrowings</td><td>$ 4950</td><td>$ -11 ( 11 )</td><td>$ 4939</td><td>$ 5284</td></tr></table> long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior . Conversations: q0: what is the difference between the fair and the carrying value of all notes? {answer0} q1: and what was that carrying value for only the notes due in 2014? {answer1} Question: what was it for 2015? Answer:

750.0

convfinqa475

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>maturity amount</td><td>unamortized discount</td><td>carrying value</td><td>fair value</td></tr><tr><td>2</td><td>3.50% ( 3.50 % ) notes due 2014</td><td>$ 1000</td><td>$ 2014</td><td>$ 1000</td><td>$ 1029</td></tr><tr><td>3</td><td>1.375% ( 1.375 % ) notes due 2015</td><td>750</td><td>2014</td><td>750</td><td>759</td></tr><tr><td>4</td><td>6.25% ( 6.25 % ) notes due 2017</td><td>700</td><td>-2 ( 2 )</td><td>698</td><td>812</td></tr><tr><td>5</td><td>5.00% ( 5.00 % ) notes due 2019</td><td>1000</td><td>-2 ( 2 )</td><td>998</td><td>1140</td></tr><tr><td>6</td><td>4.25% ( 4.25 % ) notes due 2021</td><td>750</td><td>-3 ( 3 )</td><td>747</td><td>799</td></tr><tr><td>7</td><td>3.375% ( 3.375 % ) notes due 2022</td><td>750</td><td>-4 ( 4 )</td><td>746</td><td>745</td></tr><tr><td>8</td><td>total long-term borrowings</td><td>$ 4950</td><td>$ -11 ( 11 )</td><td>$ 4939</td><td>$ 5284</td></tr></table> long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior . Conversations: q0: what is the difference between the fair and the carrying value of all notes? {answer0} q1: and what was that carrying value for only the notes due in 2014? {answer1} q2: what was it for 2015? {answer2} Question: what was, then, the total carrying value for both years? Answer:

1750.0

convfinqa476

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2013 included the following : ( in millions ) maturity amount unamortized discount carrying value fair value . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>maturity amount</td><td>unamortized discount</td><td>carrying value</td><td>fair value</td></tr><tr><td>2</td><td>3.50% ( 3.50 % ) notes due 2014</td><td>$ 1000</td><td>$ 2014</td><td>$ 1000</td><td>$ 1029</td></tr><tr><td>3</td><td>1.375% ( 1.375 % ) notes due 2015</td><td>750</td><td>2014</td><td>750</td><td>759</td></tr><tr><td>4</td><td>6.25% ( 6.25 % ) notes due 2017</td><td>700</td><td>-2 ( 2 )</td><td>698</td><td>812</td></tr><tr><td>5</td><td>5.00% ( 5.00 % ) notes due 2019</td><td>1000</td><td>-2 ( 2 )</td><td>998</td><td>1140</td></tr><tr><td>6</td><td>4.25% ( 4.25 % ) notes due 2021</td><td>750</td><td>-3 ( 3 )</td><td>747</td><td>799</td></tr><tr><td>7</td><td>3.375% ( 3.375 % ) notes due 2022</td><td>750</td><td>-4 ( 4 )</td><td>746</td><td>745</td></tr><tr><td>8</td><td>total long-term borrowings</td><td>$ 4950</td><td>$ -11 ( 11 )</td><td>$ 4939</td><td>$ 5284</td></tr></table> long-term borrowings at december 31 , 2012 had a carrying value of $ 5.687 billion and a fair value of $ 6.275 billion determined using market prices at the end of december 2012 . 2015 and 2022 notes . in may 2012 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 1.375% ( 1.375 % ) notes maturing in june 2015 ( the 201c2015 notes 201d ) and $ 750 million of 3.375% ( 3.375 % ) notes maturing in june 2022 ( the 201c2022 notes 201d ) . net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes . interest on the 2015 notes and the 2022 notes of approximately $ 10 million and $ 25 million per year , respectively , is payable semi-annually on june 1 and december 1 of each year , which commenced december 1 , 2012 . the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 201cmake-whole 201d redemption price represents a price , subject to the specific terms of the 2015 and 2022 notes and related indenture , that is the greater of ( a ) par value and ( b ) the present value of future payments that will not be paid because of an early redemption , which is discounted at a fixed spread over a comparable treasury security . the 2015 notes and 2022 notes were issued at a discount of $ 5 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs , which are being amortized over the respective terms of the 2015 notes and 2022 notes . at december 31 , 2013 , $ 5 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2013 and 2021 notes . in may 2011 , the company issued $ 1.5 billion in aggregate principal amount of unsecured unsubordinated obligations . these notes were issued as two separate series of senior debt securities including $ 750 million of 4.25% ( 4.25 % ) notes maturing in may 2021 and $ 750 million of floating rate notes ( 201c2013 floating rate notes 201d ) , which were repaid in may 2013 at maturity . net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co. , inc . ( 201cmerrill lynch 201d ) . interest on the 4.25% ( 4.25 % ) notes due in 2021 ( 201c2021 notes 201d ) is payable semi-annually on may 24 and november 24 of each year , which commenced november 24 , 2011 , and is approximately $ 32 million per year . the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . the 2021 notes were issued at a discount of $ 4 million that is being amortized over the term of the notes . the company incurred approximately $ 7 million of debt issuance costs for the $ 1.5 billion note issuances , which are being amortized over the respective terms of the notes . at december 31 , 2013 , $ 3 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . in may 2011 , in conjunction with the issuance of the 2013 floating rate notes , the company entered into a $ 750 million notional interest rate swap maturing in 2013 to hedge the future cash flows of its obligation at a fixed rate of 1.03% ( 1.03 % ) . during the second quarter of 2013 , the interest rate swap matured and the 2013 floating rate notes were fully repaid . 2012 , 2014 and 2019 notes . in december 2009 , the company issued $ 2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations . these notes were issued as three separate series of senior debt securities including $ 0.5 billion of 2.25% ( 2.25 % ) notes , which were repaid in december 2012 , $ 1.0 billion of 3.50% ( 3.50 % ) notes and $ 1.0 billion of 5.0% ( 5.0 % ) notes maturing in december 2014 and 2019 , respectively . net proceeds of this offering were used to repay borrowings under the cp program , which was used to finance a portion of the acquisition of barclays global investors ( 201cbgi 201d ) from barclays on december 1 , 2009 ( the 201cbgi transaction 201d ) , and for general corporate purposes . interest on the 2014 notes and 2019 notes of approximately $ 35 million and $ 50 million per year , respectively , is payable semi-annually in arrears on june 10 and december 10 of each year . these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price . these notes were issued collectively at a discount of $ 5 million , which is being amortized over the respective terms of the notes . the company incurred approximately $ 13 million of debt issuance costs , which are being amortized over the respective terms of these notes . at december 31 , 2013 , $ 4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition . 2017 notes . in september 2007 , the company issued $ 700 million in aggregate principal amount of 6.25% ( 6.25 % ) senior unsecured and unsubordinated notes maturing on september 15 , 2017 ( the 201c2017 notes 201d ) . a portion of the net proceeds of the 2017 notes was used to fund the initial cash payment for the acquisition of the fund of funds business of quellos and the remainder was used for general corporate purposes . interest is payable semi-annually in arrears on march 15 and september 15 of each year , or approximately $ 44 million per year . the 2017 notes may be redeemed prior . Conversations: q0: what is the difference between the fair and the carrying value of all notes? {answer0} q1: and what was that carrying value for only the notes due in 2014? {answer1} q2: what was it for 2015? {answer2} q3: what was, then, the total carrying value for both years? {answer3} Question: and including the 2017 notes, what becomes this total? Answer:

2448.0

convfinqa477

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2013</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2014</td><td>$ 97.90</td><td>$ 107.80</td><td>$ 113.70</td></tr><tr><td>4</td><td>december 31 2015</td><td>$ 111.00</td><td>$ 116.80</td><td>$ 115.30</td></tr><tr><td>5</td><td>december 31 2016</td><td>$ 120.50</td><td>$ 118.40</td><td>$ 129.00</td></tr><tr><td>6</td><td>december 31 2017</td><td>$ 144.50</td><td>$ 140.50</td><td>$ 157.20</td></tr><tr><td>7</td><td>december 31 2018</td><td>$ 96.50</td><td>$ 127.70</td><td>$ 150.30</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. . Conversations: Question: what is the price of pmi in 2014? Answer:

97.9

convfinqa478

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2013</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2014</td><td>$ 97.90</td><td>$ 107.80</td><td>$ 113.70</td></tr><tr><td>4</td><td>december 31 2015</td><td>$ 111.00</td><td>$ 116.80</td><td>$ 115.30</td></tr><tr><td>5</td><td>december 31 2016</td><td>$ 120.50</td><td>$ 118.40</td><td>$ 129.00</td></tr><tr><td>6</td><td>december 31 2017</td><td>$ 144.50</td><td>$ 140.50</td><td>$ 157.20</td></tr><tr><td>7</td><td>december 31 2018</td><td>$ 96.50</td><td>$ 127.70</td><td>$ 150.30</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. . Conversations: q0: what is the price of pmi in 2014? {answer0} Question: what is the price of pmi in 2014 less 100? Answer:

-2.1

convfinqa479

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index . <table class='wikitable'><tr><td>1</td><td>date</td><td>pmi</td><td>pmi peer group ( 1 )</td><td>s&p 500 index</td></tr><tr><td>2</td><td>december 31 2013</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>december 31 2014</td><td>$ 97.90</td><td>$ 107.80</td><td>$ 113.70</td></tr><tr><td>4</td><td>december 31 2015</td><td>$ 111.00</td><td>$ 116.80</td><td>$ 115.30</td></tr><tr><td>5</td><td>december 31 2016</td><td>$ 120.50</td><td>$ 118.40</td><td>$ 129.00</td></tr><tr><td>6</td><td>december 31 2017</td><td>$ 144.50</td><td>$ 140.50</td><td>$ 157.20</td></tr><tr><td>7</td><td>december 31 2018</td><td>$ 96.50</td><td>$ 127.70</td><td>$ 150.30</td></tr></table> ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. . Conversations: q0: what is the price of pmi in 2014? {answer0} q1: what is the price of pmi in 2014 less 100? {answer1} Question: what is the percent change? Answer:

-0.021

convfinqa480

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: supplementary information on oil and gas producing activities ( unaudited ) 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . 2015 proved reserves decreased by 35 mmboe primarily due to the following : 2022 revisions of previous estimates : decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in u.s . resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices , offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the sec 5-year rule . 2022 extensions , discoveries , and other additions : increased by140 mmboe as a result of drilling programs in our u.s . resource plays . 2022 production : decreased by 157 mmboe . 2022 sales of reserves in place : u.s . conventional assets sales contributed to a decrease of 18 mmboe . changes in proved undeveloped reserves as of december 31 , 2017 , 546 mmboe of proved undeveloped reserves were reported , a decrease of 6 mmboe from december 31 , 2016 . the following table shows changes in proved undeveloped reserves for 2017 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>552</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>5</td></tr><tr><td>3</td><td>improved recovery</td><td>2014</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>15</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>57</td></tr><tr><td>6</td><td>dispositions</td><td>2014</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-83 ( 83 )</td></tr><tr><td>8</td><td>end of year</td><td>546</td></tr></table> revisions of prior estimates . revisions of prior estimates increased 5 mmboe during 2017 , primarily due to a 44 mmboe increase in the bakken from an acceleration of higher economic wells into the 5-year plan , offset by a decrease of 40 mmboe in oklahoma due to the removal of less economic wells from the 5-year plan . extensions , discoveries and other additions . increased 57 mmboe through expansion of proved areas in oklahoma. . Conversations: Question: what was the impact in mmboe resulting from an increase in drilling programs in the us resource plays and an increase in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices? Answer:

172.0

convfinqa481

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: supplementary information on oil and gas producing activities ( unaudited ) 2017 proved reserves decreased by 647 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe , with the remainder being due to revisions across the business . 2022 extensions , discoveries , and other additions : increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma . 2022 purchases of reserves in place : increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico . 2022 production : decreased by 145 mmboe . 2022 sales of reserves in place : decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado . see item 8 . financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions . 2016 proved reserves decreased by 67 mmboe primarily due to the following : 2022 revisions of previous estimates : increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s . resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s . technical revisions . 2022 extensions , discoveries , and other additions : increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma . 2022 purchases of reserves in place : increased by 34 mmboe from acquisition of stack assets in oklahoma . 2022 production : decreased by 144 mmboe . 2022 sales of reserves in place : decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets . 2015 proved reserves decreased by 35 mmboe primarily due to the following : 2022 revisions of previous estimates : decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in u.s . resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices , offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the sec 5-year rule . 2022 extensions , discoveries , and other additions : increased by140 mmboe as a result of drilling programs in our u.s . resource plays . 2022 production : decreased by 157 mmboe . 2022 sales of reserves in place : u.s . conventional assets sales contributed to a decrease of 18 mmboe . changes in proved undeveloped reserves as of december 31 , 2017 , 546 mmboe of proved undeveloped reserves were reported , a decrease of 6 mmboe from december 31 , 2016 . the following table shows changes in proved undeveloped reserves for 2017 : ( mmboe ) . <table class='wikitable'><tr><td>1</td><td>beginning of year</td><td>552</td></tr><tr><td>2</td><td>revisions of previous estimates</td><td>5</td></tr><tr><td>3</td><td>improved recovery</td><td>2014</td></tr><tr><td>4</td><td>purchases of reserves in place</td><td>15</td></tr><tr><td>5</td><td>extensions discoveries and other additions</td><td>57</td></tr><tr><td>6</td><td>dispositions</td><td>2014</td></tr><tr><td>7</td><td>transfers to proved developed</td><td>-83 ( 83 )</td></tr><tr><td>8</td><td>end of year</td><td>546</td></tr></table> revisions of prior estimates . revisions of prior estimates increased 5 mmboe during 2017 , primarily due to a 44 mmboe increase in the bakken from an acceleration of higher economic wells into the 5-year plan , offset by a decrease of 40 mmboe in oklahoma due to the removal of less economic wells from the 5-year plan . extensions , discoveries and other additions . increased 57 mmboe through expansion of proved areas in oklahoma. . Conversations: q0: what was the impact in mmboe resulting from an increase in drilling programs in the us resource plays and an increase in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices? {answer0} Question: what was the purchases of reserves in place in 2016? Answer:

-13.0

convfinqa482

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 . average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 . other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors . net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 . administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 . this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions . changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors . our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 . the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program . reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses . average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 . advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment . depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans . other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries . our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs . our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td></td><td>2008</td><td>2009</td><td>change</td></tr><tr><td>2</td><td>other than temporary impairments recognized</td><td>$ -91.3 ( 91.3 )</td><td>$ -36.1 ( 36.1 )</td><td>$ 55.2</td></tr><tr><td>3</td><td>capital gain distributions received</td><td>5.6</td><td>2.0</td><td>-3.6 ( 3.6 )</td></tr><tr><td>4</td><td>net gain ( loss ) realized on fund dispositions</td><td>-4.5 ( 4.5 )</td><td>7.4</td><td>11.9</td></tr><tr><td>5</td><td>net loss recognized on fund holdings</td><td>$ -90.2 ( 90.2 )</td><td>$ -26.7 ( 26.7 )</td><td>$ 63.5</td></tr></table> lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . c a p i t a l r e s o u r c e s a n d l i q u i d i t y . during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion . we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 . tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion . given the availability of these financial resources , we do not maintain an available external source of liquidity . t . rowe price group annual report 2010 . Conversations: Question: what was the change in capital gain distributions from 2008 to 2009? Answer:

-2.7

convfinqa483

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 . average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 . other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors . net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 . administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 . this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions . changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors . our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 . the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program . reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses . average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 . advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment . depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans . other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries . our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs . our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td></td><td>2008</td><td>2009</td><td>change</td></tr><tr><td>2</td><td>other than temporary impairments recognized</td><td>$ -91.3 ( 91.3 )</td><td>$ -36.1 ( 36.1 )</td><td>$ 55.2</td></tr><tr><td>3</td><td>capital gain distributions received</td><td>5.6</td><td>2.0</td><td>-3.6 ( 3.6 )</td></tr><tr><td>4</td><td>net gain ( loss ) realized on fund dispositions</td><td>-4.5 ( 4.5 )</td><td>7.4</td><td>11.9</td></tr><tr><td>5</td><td>net loss recognized on fund holdings</td><td>$ -90.2 ( 90.2 )</td><td>$ -26.7 ( 26.7 )</td><td>$ 63.5</td></tr></table> lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . c a p i t a l r e s o u r c e s a n d l i q u i d i t y . during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion . we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 . tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion . given the availability of these financial resources , we do not maintain an available external source of liquidity . t . rowe price group annual report 2010 . Conversations: q0: what was the change in capital gain distributions from 2008 to 2009? {answer0} Question: and what were those capital gain distributions in 2008? Answer:

5.6

convfinqa484

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: investment advisory revenues earned on the other investment portfolios that we manage decreased $ 44 million , or 8.5% ( 8.5 % ) , to $ 477.8 million in 2009 . average assets in these portfolios were $ 129.5 billion during 2009 , down $ 12.6 billion or 9% ( 9 % ) from 2008 . other investment portfolio assets under management increased $ 46.7 billion during 2009 , including $ 36.5 billion in market gains and income and $ 10.2 billion of net inflows , primarily from institutional investors . net inflows include $ 1.3 billion transferred from the stock and blended asset mutual funds during 2009 . administrative fees decreased $ 35 million , or 10% ( 10 % ) , to $ 319 million in 2009 . this change includes a $ 4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $ 31 million reduction in our mutual fund servicing revenue , which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions . changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors . our largest expense , compensation and related costs , decreased $ 42 million , or 5% ( 5 % ) , from 2008 to $ 773 million in 2009 . the largest part of this decrease is attributable to a $ 19 million reduction in our annual bonus program . reductions in the use of outside contractors lowered 2009 costs $ 14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses . average headcount in 2009 was down 5.4% ( 5.4 % ) from 2008 due to attrition , retirements and our workforce reduction in april 2009 . advertising and promotion expenditures were down $ 31 million , or 30% ( 30 % ) , versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment . depreciation expense and other occupancy and facility costs together increased $ 4 million , or 2.5% ( 2.5 % ) compared to 2008 , as we moderated or delayed our capital spending and facility growth plans . other operating expenses decreased $ 33 million , or 18% ( 18 % ) from 2008 , including a decline of $ 4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries . our cost control efforts resulted in the remaining expense reductions , including lower professional fees and travel and related costs . our non-operating investment activity resulted in net losses of $ 12.7 million in 2009 and $ 52.3 million in 2008 . the improvement of nearly $ 40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008 . the following table details our related mutual fund investment gains and losses ( in millions ) during the two years ended december 31 , 2009. . <table class='wikitable'><tr><td>1</td><td></td><td>2008</td><td>2009</td><td>change</td></tr><tr><td>2</td><td>other than temporary impairments recognized</td><td>$ -91.3 ( 91.3 )</td><td>$ -36.1 ( 36.1 )</td><td>$ 55.2</td></tr><tr><td>3</td><td>capital gain distributions received</td><td>5.6</td><td>2.0</td><td>-3.6 ( 3.6 )</td></tr><tr><td>4</td><td>net gain ( loss ) realized on fund dispositions</td><td>-4.5 ( 4.5 )</td><td>7.4</td><td>11.9</td></tr><tr><td>5</td><td>net loss recognized on fund holdings</td><td>$ -90.2 ( 90.2 )</td><td>$ -26.7 ( 26.7 )</td><td>$ 63.5</td></tr></table> lower income of $ 16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments . the 2009 provision for income taxes as a percentage of pretax income is 37.1% ( 37.1 % ) , down from 38.4% ( 38.4 % ) in 2008 . our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% ( 1.0 % ) . c a p i t a l r e s o u r c e s a n d l i q u i d i t y . during 2010 , stockholders 2019 equity increased from $ 2.9 billion to $ 3.3 billion . we repurchased nearly 5.0 million common shares for $ 240.0 million in 2010 . tangible book value is $ 2.6 billion at december 31 , 2010 , and our cash and cash equivalents and our mutual fund investment holdings total more than $ 1.5 billion . given the availability of these financial resources , we do not maintain an available external source of liquidity . t . rowe price group annual report 2010 . Conversations: q0: what was the change in capital gain distributions from 2008 to 2009? {answer0} q1: and what were those capital gain distributions in 2008? {answer1} Question: how much, then, does that change represent in relation to these 2008 distributions, in percentage? Answer:

-0.48214

convfinqa485

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td></td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 1666</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-149 ( 149 )</td></tr><tr><td>4</td><td>rhode island state energy center</td><td>-44 ( 44 )</td></tr><tr><td>5</td><td>nuclear volume</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>fitzpatrick reimbursement agreement</td><td>41</td></tr><tr><td>7</td><td>nuclear fuel expenses</td><td>68</td></tr><tr><td>8</td><td>other</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>2016 net revenue</td><td>$ 1542</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis . Conversations: Question: what was the difference in net revenue between 2015 and 2016? Answer:

124.0

convfinqa486

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td></td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 1666</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-149 ( 149 )</td></tr><tr><td>4</td><td>rhode island state energy center</td><td>-44 ( 44 )</td></tr><tr><td>5</td><td>nuclear volume</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>fitzpatrick reimbursement agreement</td><td>41</td></tr><tr><td>7</td><td>nuclear fuel expenses</td><td>68</td></tr><tr><td>8</td><td>other</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>2016 net revenue</td><td>$ 1542</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis . Conversations: q0: what was the difference in net revenue between 2015 and 2016? {answer0} Question: and the specific value for 2016 again? Answer:

1542.0

convfinqa487

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td></td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 1666</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-149 ( 149 )</td></tr><tr><td>4</td><td>rhode island state energy center</td><td>-44 ( 44 )</td></tr><tr><td>5</td><td>nuclear volume</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>fitzpatrick reimbursement agreement</td><td>41</td></tr><tr><td>7</td><td>nuclear fuel expenses</td><td>68</td></tr><tr><td>8</td><td>other</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>2016 net revenue</td><td>$ 1542</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , the amortization of the palisades below- market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis . Conversations: q0: what was the difference in net revenue between 2015 and 2016? {answer0} q1: and the specific value for 2016 again? {answer1} Question: so what was the percentage change over these years? Answer:

0.08042

convfinqa488

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2014 2013 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2014</td><td>dec . 312013</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 877</td><td>$ 803</td></tr><tr><td>3</td><td>dividends payable</td><td>438</td><td>356</td></tr><tr><td>4</td><td>income and other taxes payable</td><td>412</td><td>491</td></tr><tr><td>5</td><td>accrued wages and vacation</td><td>409</td><td>385</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>249</td><td>207</td></tr><tr><td>7</td><td>interest payable</td><td>178</td><td>169</td></tr><tr><td>8</td><td>equipment rents payable</td><td>100</td><td>96</td></tr><tr><td>9</td><td>other</td><td>640</td><td>579</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3303</td><td>$ 3086</td></tr></table> . Conversations: Question: what was the total expense for repairs and maintenance incurred in 2013? Answer:

2.3

convfinqa489

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2014 2013 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2014</td><td>dec . 312013</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 877</td><td>$ 803</td></tr><tr><td>3</td><td>dividends payable</td><td>438</td><td>356</td></tr><tr><td>4</td><td>income and other taxes payable</td><td>412</td><td>491</td></tr><tr><td>5</td><td>accrued wages and vacation</td><td>409</td><td>385</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>249</td><td>207</td></tr><tr><td>7</td><td>interest payable</td><td>178</td><td>169</td></tr><tr><td>8</td><td>equipment rents payable</td><td>100</td><td>96</td></tr><tr><td>9</td><td>other</td><td>640</td><td>579</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3303</td><td>$ 3086</td></tr></table> . Conversations: q0: what was the total expense for repairs and maintenance incurred in 2013? {answer0} Question: and in 2012? Answer:

2.1

convfinqa490

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2014 2013 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2014</td><td>dec . 312013</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 877</td><td>$ 803</td></tr><tr><td>3</td><td>dividends payable</td><td>438</td><td>356</td></tr><tr><td>4</td><td>income and other taxes payable</td><td>412</td><td>491</td></tr><tr><td>5</td><td>accrued wages and vacation</td><td>409</td><td>385</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>249</td><td>207</td></tr><tr><td>7</td><td>interest payable</td><td>178</td><td>169</td></tr><tr><td>8</td><td>equipment rents payable</td><td>100</td><td>96</td></tr><tr><td>9</td><td>other</td><td>640</td><td>579</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3303</td><td>$ 3086</td></tr></table> . Conversations: q0: what was the total expense for repairs and maintenance incurred in 2013? {answer0} q1: and in 2012? {answer1} Question: what was the difference between the two values? Answer:

0.2

convfinqa491

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2014 2013 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2014</td><td>dec . 312013</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 877</td><td>$ 803</td></tr><tr><td>3</td><td>dividends payable</td><td>438</td><td>356</td></tr><tr><td>4</td><td>income and other taxes payable</td><td>412</td><td>491</td></tr><tr><td>5</td><td>accrued wages and vacation</td><td>409</td><td>385</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>249</td><td>207</td></tr><tr><td>7</td><td>interest payable</td><td>178</td><td>169</td></tr><tr><td>8</td><td>equipment rents payable</td><td>100</td><td>96</td></tr><tr><td>9</td><td>other</td><td>640</td><td>579</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3303</td><td>$ 3086</td></tr></table> . Conversations: q0: what was the total expense for repairs and maintenance incurred in 2013? {answer0} q1: and in 2012? {answer1} q2: what was the difference between the two values? {answer2} Question: and the specific value for 2012 again? Answer:

2.1

convfinqa492

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.4 billion for 2014 , $ 2.3 billion for 2013 , and $ 2.1 billion for 2012 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 13 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2014 2013 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2014</td><td>dec . 312013</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 877</td><td>$ 803</td></tr><tr><td>3</td><td>dividends payable</td><td>438</td><td>356</td></tr><tr><td>4</td><td>income and other taxes payable</td><td>412</td><td>491</td></tr><tr><td>5</td><td>accrued wages and vacation</td><td>409</td><td>385</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>249</td><td>207</td></tr><tr><td>7</td><td>interest payable</td><td>178</td><td>169</td></tr><tr><td>8</td><td>equipment rents payable</td><td>100</td><td>96</td></tr><tr><td>9</td><td>other</td><td>640</td><td>579</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 3303</td><td>$ 3086</td></tr></table> . Conversations: q0: what was the total expense for repairs and maintenance incurred in 2013? {answer0} q1: and in 2012? {answer1} q2: what was the difference between the two values? {answer2} q3: and the specific value for 2012 again? {answer3} Question: so what was the percentage change of this value? Answer:

0.09524

convfinqa493

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td></td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems group</td><td>$ 1400</td><td>48% ( 48 % )</td><td>$ 1295</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>applied global services</td><td>775</td><td>27% ( 27 % )</td><td>591</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>display</td><td>593</td><td>20% ( 20 % )</td><td>361</td><td>15% ( 15 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>149</td><td>5% ( 5 % )</td><td>125</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 2917</td><td>100% ( 100 % )</td><td>$ 2372</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. . Conversations: Question: what were net sales in 2014? Answer:

0.0875

convfinqa494

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td></td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems group</td><td>$ 1400</td><td>48% ( 48 % )</td><td>$ 1295</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>applied global services</td><td>775</td><td>27% ( 27 % )</td><td>591</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>display</td><td>593</td><td>20% ( 20 % )</td><td>361</td><td>15% ( 15 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>149</td><td>5% ( 5 % )</td><td>125</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 2917</td><td>100% ( 100 % )</td><td>$ 2372</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. . Conversations: q0: what were net sales in 2014? {answer0} Question: and in 2013? Answer:

0.07222

convfinqa495

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td></td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems group</td><td>$ 1400</td><td>48% ( 48 % )</td><td>$ 1295</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>applied global services</td><td>775</td><td>27% ( 27 % )</td><td>591</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>display</td><td>593</td><td>20% ( 20 % )</td><td>361</td><td>15% ( 15 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>149</td><td>5% ( 5 % )</td><td>125</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 2917</td><td>100% ( 100 % )</td><td>$ 2372</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. . Conversations: q0: what were net sales in 2014? {answer0} q1: and in 2013? {answer1} Question: so how much did this value change between the two years? Answer:

0.01528

convfinqa496

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td></td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems group</td><td>$ 1400</td><td>48% ( 48 % )</td><td>$ 1295</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>applied global services</td><td>775</td><td>27% ( 27 % )</td><td>591</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>display</td><td>593</td><td>20% ( 20 % )</td><td>361</td><td>15% ( 15 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>149</td><td>5% ( 5 % )</td><td>125</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 2917</td><td>100% ( 100 % )</td><td>$ 2372</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. . Conversations: q0: what were net sales in 2014? {answer0} q1: and in 2013? {answer1} q2: so how much did this value change between the two years? {answer2} Question: and the percentage change during this time? Answer:

0.21154

convfinqa497

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 26 , 2014 and october 27 , 2013 was as follows : 2014 2013 ( in millions , except percentages ) . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td></td><td>( in millions except percentages )</td></tr><tr><td>2</td><td>silicon systems group</td><td>$ 1400</td><td>48% ( 48 % )</td><td>$ 1295</td><td>55% ( 55 % )</td></tr><tr><td>3</td><td>applied global services</td><td>775</td><td>27% ( 27 % )</td><td>591</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>display</td><td>593</td><td>20% ( 20 % )</td><td>361</td><td>15% ( 15 % )</td></tr><tr><td>5</td><td>energy and environmental solutions</td><td>149</td><td>5% ( 5 % )</td><td>125</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 2917</td><td>100% ( 100 % )</td><td>$ 2372</td><td>100% ( 100 % )</td></tr></table> applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products , including products that enable expansion into new markets . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india and singapore . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.4 billion ( 16 percent of net sales ) in fiscal 2014 , $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , and $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 . applied has spent an average of 13 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. . Conversations: q0: what were net sales in 2014? {answer0} q1: and in 2013? {answer1} q2: so how much did this value change between the two years? {answer2} q3: and the percentage change during this time? {answer3} Question: what are the total sales in 2012? Answer:

0.08571

convfinqa498

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 45826</td></tr><tr><td>2</td><td>customer-related intangible assets</td><td>42721</td></tr><tr><td>3</td><td>acquired technology</td><td>27954</td></tr><tr><td>4</td><td>trade name</td><td>2901</td></tr><tr><td>5</td><td>other assets</td><td>2337</td></tr><tr><td>6</td><td>deferred income tax assets ( liabilities )</td><td>-9788 ( 9788 )</td></tr><tr><td>7</td><td>other liabilities</td><td>-49797 ( 49797 )</td></tr><tr><td>8</td><td>total identifiable net assets</td><td>62154</td></tr><tr><td>9</td><td>goodwill</td><td>203828</td></tr><tr><td>10</td><td>total purchase consideration</td><td>$ 265982</td></tr></table> goodwill of $ 203.8 million arising from the acquisition , included in the asia-pacific segment , was attributable to expected growth opportunities in australia and new zealand , as well as growth opportunities and operating synergies in integrated payments in our existing asia-pacific and north america markets . goodwill associated with this acquisition is not deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 15 years . the acquired technology has an estimated amortization period of 15 years . the trade name has an estimated amortization period of 5 years . note 3 2014 settlement processing assets and obligations funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants . for transactions processed on our systems , we use our internal network to provide funding instructions to financial institutions that in turn fund the merchants . we process funds settlement under two models , a sponsorship model and a direct membership model . under the sponsorship model , we are designated as a merchant service provider by mastercard and an independent sales organization by visa , which means that member clearing banks ( 201cmember 201d ) sponsor us and require our adherence to the standards of the payment networks . in certain markets , we have sponsorship or depository and clearing agreements with financial institution sponsors . these agreements allow us to route transactions under the members 2019 control and identification numbers to clear credit card transactions through mastercard and visa . in this model , the standards of the payment networks restrict us from performing funds settlement or accessing merchant settlement funds , and , instead , require that these funds be in the possession of the member until the merchant is funded . under the direct membership model , we are members in various payment networks , allowing us to process and fund transactions without third-party sponsorship . in this model , we route and clear transactions directly through the card brand 2019s network and are not restricted from performing funds settlement . otherwise , we process these transactions similarly to how we process transactions in the sponsorship model . we are required to adhere to the standards of the payment networks in which we are direct members . we maintain relationships with financial institutions , which may also serve as our member sponsors for other card brands or in other markets , to assist with funds settlement . timing differences , interchange fees , merchant reserves and exception items cause differences between the amount received from the payment networks and the amount funded to the merchants . these intermediary balances arising in our settlement process for direct merchants are reflected as settlement processing assets and obligations on our consolidated balance sheets . settlement processing assets and obligations include the components outlined below : 2022 interchange reimbursement . our receivable from merchants for the portion of the discount fee related to reimbursement of the interchange fee . global payments inc . | 2017 form 10-k annual report 2013 77 . Conversations: Question: what portion of the total identifiable net assets in cash? Answer:

0.7373

convfinqa499

In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response: Context: the estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>cash</td><td>$ 45826</td></tr><tr><td>2</td><td>customer-related intangible assets</td><td>42721</td></tr><tr><td>3</td><td>acquired technology</td><td>27954</td></tr><tr><td>4</td><td>trade name</td><td>2901</td></tr><tr><td>5</td><td>other assets</td><td>2337</td></tr><tr><td>6</td><td>deferred income tax assets ( liabilities )</td><td>-9788 ( 9788 )</td></tr><tr><td>7</td><td>other liabilities</td><td>-49797 ( 49797 )</td></tr><tr><td>8</td><td>total identifiable net assets</td><td>62154</td></tr><tr><td>9</td><td>goodwill</td><td>203828</td></tr><tr><td>10</td><td>total purchase consideration</td><td>$ 265982</td></tr></table> goodwill of $ 203.8 million arising from the acquisition , included in the asia-pacific segment , was attributable to expected growth opportunities in australia and new zealand , as well as growth opportunities and operating synergies in integrated payments in our existing asia-pacific and north america markets . goodwill associated with this acquisition is not deductible for income tax purposes . the customer-related intangible assets have an estimated amortization period of 15 years . the acquired technology has an estimated amortization period of 15 years . the trade name has an estimated amortization period of 5 years . note 3 2014 settlement processing assets and obligations funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants . for transactions processed on our systems , we use our internal network to provide funding instructions to financial institutions that in turn fund the merchants . we process funds settlement under two models , a sponsorship model and a direct membership model . under the sponsorship model , we are designated as a merchant service provider by mastercard and an independent sales organization by visa , which means that member clearing banks ( 201cmember 201d ) sponsor us and require our adherence to the standards of the payment networks . in certain markets , we have sponsorship or depository and clearing agreements with financial institution sponsors . these agreements allow us to route transactions under the members 2019 control and identification numbers to clear credit card transactions through mastercard and visa . in this model , the standards of the payment networks restrict us from performing funds settlement or accessing merchant settlement funds , and , instead , require that these funds be in the possession of the member until the merchant is funded . under the direct membership model , we are members in various payment networks , allowing us to process and fund transactions without third-party sponsorship . in this model , we route and clear transactions directly through the card brand 2019s network and are not restricted from performing funds settlement . otherwise , we process these transactions similarly to how we process transactions in the sponsorship model . we are required to adhere to the standards of the payment networks in which we are direct members . we maintain relationships with financial institutions , which may also serve as our member sponsors for other card brands or in other markets , to assist with funds settlement . timing differences , interchange fees , merchant reserves and exception items cause differences between the amount received from the payment networks and the amount funded to the merchants . these intermediary balances arising in our settlement process for direct merchants are reflected as settlement processing assets and obligations on our consolidated balance sheets . settlement processing assets and obligations include the components outlined below : 2022 interchange reimbursement . our receivable from merchants for the portion of the discount fee related to reimbursement of the interchange fee . global payments inc . | 2017 form 10-k annual report 2013 77 . Conversations: q0: what portion of the total identifiable net assets in cash? {answer0} Question: what portion of the total purchase consideration is allocated to goodwill? Answer:

0.76632