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0.11202 | Context:29 annual report 2012 duke realty corporation | | those indirect costs not allocated to or absorbed by these operations are charged to general and administrative expenses . we regularly review our total overhead cost structure relative to our leasing , development and construction volume and adjust the level of total overhead , generally through changes in our level of staffing in various functional departments , as necessary in order to control overall general and administrative expense . general and administrative expenses increased from $ 43.1 million in 2011 to $ 46.4 million in 2012 . the following table sets forth the factors that led to the increase in general and administrative expenses from 2011 to 2012 ( in millions ) : .
|general and administrative expenses - 2011|$ 43.1|
|reduction to overall pool of overhead costs ( 1 )|-11.0 ( 11.0 )|
|increased absorption of costs by wholly-owned development and leasing activities ( 2 )|-14.7 ( 14.7 )|
|reduced allocation of costs to service operations and rental operations ( 3 )|29.0|
|general and administrative expenses - 2012|$ 46.4|
( 1 ) we reduced our total pool of overhead costs , through staff reductions and other measures , as the result of changes in our product mix and anticipated future levels of third-party construction , leasing , management and other operational activities . ( 2 ) we increased our focus on development of wholly-owned properties , and also significantly increased our leasing activity during 2012 , which resulted in an increased absorption of overhead costs . we capitalized $ 30.4 million and $ 20.0 million of our total overhead costs to leasing and development , respectively , for consolidated properties during 2012 , compared to capitalizing $ 25.3 million and $ 10.4 million of such costs , respectively , for 2011 . combined overhead costs capitalized to leasing and development totaled 31.1% ( 31.1 % ) and 20.6% ( 20.6 % ) of our overall pool of overhead costs for 2012 and 2011 , respectively . ( 3 ) the reduction in the allocation of overhead costs to service operations and rental operations resulted from reduced volumes of third-party construction projects as well as due to reducing our overall investment in office properties , which are more management intensive . interest expense interest expense allocable to continuing operations increased from $ 220.5 million in 2011 to $ 245.2 million in 2012 . we had $ 47.4 million of interest expense allocated to discontinued operations in 2011 , associated with the properties that were disposed of during 2011 , compared to the allocation of only $ 3.1 million of interest expense to discontinued operations for 2012 . total interest expense , combined for continuing and discontinued operations , decreased from $ 267.8 million in 2011 to $ 248.3 million in 2012 . the reduction in total interest expense was primarily the result of a lower weighted average borrowing rate in 2012 , due to refinancing some higher rate bonds in 2011 and 2012 , as well as a slight decrease in our average level of borrowings compared to 2011 . also , due to an increase in properties under development from 2011 , which met the criteria for capitalization of interest and were financed in part by common equity issuances during 2012 , a $ 5.0 million increase in capitalized interest also contributed to the decrease in total interest expense in 2012 . acquisition-related activity during 2012 , we recognized approximately $ 4.2 million in acquisition costs , compared to $ 2.3 million of such costs in 2011 . the increase from 2011 to 2012 is the result of acquiring a higher volume of medical office properties , where a higher level of acquisition costs are incurred than other property types , in 2012 . during 2011 , we also recognized a $ 1.1 million gain related to the acquisition of a building from one of our 50%-owned unconsolidated joint ventures . discontinued operations subject to certain criteria , the results of operations for properties sold during the year to unrelated parties , or classified as held-for-sale at the end of the period , are required to be classified as discontinued operations . the property specific components of earnings that are classified as discontinued operations include rental revenues , rental expenses , real estate taxes , allocated interest expense and depreciation expense , as well as the net gain or loss on the disposition of properties . the operations of 150 buildings are currently classified as discontinued operations . these 150 buildings consist of 114 office , 30 industrial , four retail , and two medical office properties . as a result , we classified operating losses , before gain on sales , of $ 1.5 million , $ 1.8 million and $ 7.1 million in discontinued operations for the years ended december 31 , 2012 , 2011 and 2010 , respectively . of these properties , 28 were sold during 2012 , 101 properties were sold during 2011 and 19 properties were sold during 2010 . the gains on disposal of these properties of $ 13.5 million , $ 100.9 million and $ 33.1 million for the years ended december 31 , 2012 , 2011 and .
Question: what was the percent increase of the interest expense allocable to continuing operations in 2012 to 2011 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.87955 | Context:note 12 2013 stock-based compensation during 2013 , 2012 , and 2011 , we recorded non-cash stock-based compensation expense totaling $ 189 million , $ 167 million , and $ 157 million , which is included as a component of other unallocated costs on our statements of earnings . the net impact to earnings for the respective years was $ 122 million , $ 108 million , and $ 101 million . as of december 31 , 2013 , we had $ 132 million of unrecognized compensation cost related to nonvested awards , which is expected to be recognized over a weighted average period of 1.5 years . we received cash from the exercise of stock options totaling $ 827 million , $ 440 million , and $ 116 million during 2013 , 2012 , and 2011 . in addition , our income tax liabilities for 2013 , 2012 , and 2011 were reduced by $ 158 million , $ 96 million , and $ 56 million due to recognized tax benefits on stock-based compensation arrangements . stock-based compensation plans under plans approved by our stockholders , we are authorized to grant key employees stock-based incentive awards , including options to purchase common stock , stock appreciation rights , restricted stock units ( rsus ) , performance stock units ( psus ) , or other stock units . the exercise price of options to purchase common stock may not be less than the fair market value of our stock on the date of grant . no award of stock options may become fully vested prior to the third anniversary of the grant , and no portion of a stock option grant may become vested in less than one year . the minimum vesting period for restricted stock or stock units payable in stock is three years . award agreements may provide for shorter or pro-rated vesting periods or vesting following termination of employment in the case of death , disability , divestiture , retirement , change of control , or layoff . the maximum term of a stock option or any other award is 10 years . at december 31 , 2013 , inclusive of the shares reserved for outstanding stock options , rsus and psus , we had 20.4 million shares reserved for issuance under the plans . at december 31 , 2013 , 4.7 million of the shares reserved for issuance remained available for grant under our stock-based compensation plans . we issue new shares upon the exercise of stock options or when restrictions on rsus and psus have been satisfied . the following table summarizes activity related to nonvested rsus during 2013 : number of rsus ( in thousands ) weighted average grant-date fair value per share .
||number of rsus ( in thousands )|weighted average grant-date fair value pershare|
|nonvested at december 31 2012|4822|$ 79.10|
|granted|1356|89.24|
|vested|-2093 ( 2093 )|79.26|
|forfeited|-226 ( 226 )|81.74|
|nonvested at december 31 2013|3859|$ 82.42|
rsus are valued based on the fair value of our common stock on the date of grant . employees who are granted rsus receive the right to receive shares of stock after completion of the vesting period , however , the shares are not issued , and the employees cannot sell or transfer shares prior to vesting and have no voting rights until the rsus vest , generally three years from the date of the award . employees who are granted rsus receive dividend-equivalent cash payments only upon vesting . for these rsu awards , the grant-date fair value is equal to the closing market price of our common stock on the date of grant less a discount to reflect the delay in payment of dividend-equivalent cash payments . we recognize the grant-date fair value of rsus , less estimated forfeitures , as compensation expense ratably over the requisite service period , which beginning with the rsus granted in 2013 is shorter than the vesting period if the employee is retirement eligible on the date of grant or will become retirement eligible before the end of the vesting period . stock options we generally recognize compensation cost for stock options ratably over the three-year vesting period . at december 31 , 2013 and 2012 , there were 10.2 million ( weighted average exercise price of $ 83.65 ) and 20.6 million ( weighted average exercise price of $ 83.15 ) stock options outstanding . stock options outstanding at december 31 , 2013 have a weighted average remaining contractual life of approximately five years and an aggregate intrinsic value of $ 663 million , and we expect nearly all of these stock options to vest . of the stock options outstanding , 7.7 million ( weighted average exercise price of $ 84.37 ) have vested as of december 31 , 2013 and those stock options have a weighted average remaining contractual life of approximately four years and an aggregate intrinsic value of $ 497 million . there were 10.1 million ( weighted average exercise price of $ 82.72 ) stock options exercised during 2013 . we did not grant stock options to employees during 2013. .
Question: what was the ratio f the cash received from the exercise of stock options in 2013 to 2012 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
212.0 | Context:changes in the benchmark index component of the 10-year treasury yield . the company def signated these derivatives as cash flow hedges . on october 13 , 2015 , in conjunction with the pricing of the $ 4.5 billion senior notes , the companyr terminated these treasury lock contracts for a cash settlement payment of $ 16 million , which was recorded as a component of other comprehensive earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income . foreign currency risk we are exposed to foreign currency risks that arise from normal business operations . these risks include the translation of local currency balances of foreign subsidiaries , transaction gains and losses associated with intercompany loans with foreign subsidiaries and transactions denominated in currencies other than a location's functional currency . we manage the exposure to these risks through a combination of normal operating activities and the use of foreign currency forward contracts . contracts are denominated in currtt encies of major industrial countries . our exposure to foreign currency exchange risks generally arises from our non-u.s . operations , to the extent they are conducted ind local currency . changes in foreign currency exchange rates affect translations of revenues denominated in currencies other than the u.s . dollar . during the years ended december 31 , 2016 , 2015 and 2014 , we generated approximately $ 1909 million , $ 1336 million and $ 1229 million , respectively , in revenues denominated in currencies other than the u.s . dollar . the major currencies to which our revenues are exposed are the brazilian real , the euro , the british pound sterling and the indian rupee . a 10% ( 10 % ) move in average exchange rates for these currencies ( assuming a simultaneous and immediate 10% ( 10 % ) change in all of such rates for the relevant period ) would have resulted in the following increase or ( decrease ) in our reported revenues for the years ended december 31 , 2016 , 2015 and 2014 ( in millions ) : .
|currency|2016|2015|2014|
|pound sterling|$ 47|$ 34|$ 31|
|euro|38|33|30|
|real|32|29|38|
|indian rupee|12|10|8|
|total impact|$ 129|$ 106|$ 107|
while our results of operations have been impacted by the effects of currency fluctuations , our international operations' revenues and expenses are generally denominated in local currency , which reduces our economic exposure to foreign exchange risk in those jurisdictions . revenues included $ 100 million and $ 243 million and net earnings included $ 10 million , anrr d $ 31 million , respectively , of unfavorable foreign currency impact during 2016 and 2015 resulting from a stronger u.s . dollar during these years compared to thet preceding year . in 2017 , we expect continued unfavorable foreign currency impact on our operating income resulting from the continued strengthening of the u.s . dollar vs . other currencies . our foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in our results of operations and/or cash flows resulting from foreign exchange rate fluctuations . we do not enter into foreign currency derivative instruments for trading purposes or to engage in speculative activitr y . we do periodically enter inttt o foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 143 million and the fair value was nominal . these derivatives are intended to hedge the foreign exchange risks related to intercompany loans but have not been designated as hedges for accounting purposes . we also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in indian rupee ( "inr" ) exchange rates . as of december 31 , 2016 , the notional amount of these derivatives was approximately $ 7 million and the fair value was ll less than $ 1 million . these inr forward contracts are designated as cash flow hedges . the fair value of these currency forward contracts is determined using currency exchange market rates , obtained from reliable , independent , third m party banks , at the balance sheet date . the fair value of forward contracts is subject to changes in currency exchange rates . the company has no ineffectiveness related to its use of currency forward contracts in connection with inr cash flow hedges . in conjunction with entering into the definitive agreement to acquire clear2pay in september 2014 , we initiated a foreign currency forward contract to purchase euros and sell u.s . dollars to manage the risk arising from fluctuations in exchange rates until the closing because the purchase price was stated in euros . as this derivative did not qualify for hedge accounting , we recorded a charge of $ 16 million in other income ( expense ) , net during the third quarter of 2014 . this forward contract was settled on october 1 , 2014. .
Question: what is the unfavorable foreign currency impact in operating expenses in 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.82454 | Context:( $ 125 million ) and higher maintenance outage costs ( $ 18 million ) . additionally , operating profits in 2012 include costs of $ 184 million associated with the acquisition and integration of temple-inland , mill divestiture costs of $ 91 million , costs associated with the restructuring of our european packaging busi- ness of $ 17 million and a $ 3 million gain for other items , while operating costs in 2011 included costs associated with signing an agreement to acquire temple-inland of $ 20 million and a gain of $ 7 million for other items . industrial packaging .
|in millions|2012|2011|2010|
|sales|$ 13280|$ 10430|$ 9840|
|operating profit|1066|1147|826|
north american industr ia l packaging net sales were $ 11.6 billion in 2012 compared with $ 8.6 billion in 2011 and $ 8.4 billion in 2010 . operating profits in 2012 were $ 1.0 billion ( $ 1.3 billion exclud- ing costs associated with the acquisition and integration of temple-inland and mill divestiture costs ) compared with $ 1.1 billion ( both including and excluding costs associated with signing an agree- ment to acquire temple-inland ) in 2011 and $ 763 million ( $ 776 million excluding facility closure costs ) in 2010 . sales volumes for the legacy business were about flat in 2012 compared with 2011 . average sales price was lower mainly due to export containerboard sales prices which bottomed out in the first quarter but climbed steadily the rest of the year . input costs were lower for recycled fiber , wood and natural gas , but higher for starch . freight costs also increased . plan- ned maintenance downtime costs were higher than in 2011 . operating costs were higher largely due to routine inventory valuation adjustments operating profits in 2012 benefited from $ 235 million of temple-inland synergies . market-related downtime in 2012 was about 570000 tons compared with about 380000 tons in 2011 . operating profits in 2012 included $ 184 million of costs associated with the acquisition and integration of temple-inland and $ 91 million of costs associated with the divestiture of three containerboard mills . operating profits in 2011 included charges of $ 20 million for costs associated with the signing of the agreement to acquire temple- inland . looking ahead to 2013 , sales volumes in the first quarter compared with the fourth quarter of 2012 are expected to increase slightly for boxes due to a higher number of shipping days . average sales price realizations are expected to reflect the pass-through to box customers of a containerboard price increase implemented in 2012 . input costs are expected to be higher for recycled fiber , wood and starch . planned maintenance downtime costs are expected to be about $ 26 million higher with outages scheduled at eight mills compared with six mills in the 2012 fourth quarter . manufacturing operating costs are expected to be lower . european industr ia l packaging net sales were $ 1.0 billion in 2012 compared with $ 1.1 billion in 2011 and $ 990 million in 2010 . operating profits in 2012 were $ 53 million ( $ 72 million excluding restructuring costs ) compared with $ 66 million ( $ 61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our joint venture in turkey and costs associated with the closure of our etienne mill in france in 2009 ) in 2011 and $ 70 mil- lion ( $ 73 million before closure costs for our etienne mill ) in 2010 . sales volumes in 2012 were lower than in 2011 reflecting decreased demand for packaging in the industrial market due to a weaker overall economic environment in southern europe . demand for pack- aging in the agricultural markets was about flat year- over-year . average sales margins increased due to sales price increases implemented during 2011 and 2012 and lower board costs . other input costs were higher , primarily for energy and distribution . operat- ing profits in 2012 included a net gain of $ 10 million for an insurance settlement , partially offset by addi- tional operating costs , related to the earthquakes in northern italy in may which affected our san felice box plant . entering the first quarter of 2013 , sales volumes are expected to be stable reflecting a seasonal decrease in market demand in agricultural markets offset by an increase in industrial markets . average sales margins are expected to improve due to lower input costs for containerboard . other input costs should be about flat . operating costs are expected to be higher reflecting the absence of the earthquake insurance settlement that was received in the 2012 fourth quar- asian industr ia l packaging net sales and operating profits include the results of sca pack- aging since the acquisition on june 30 , 2010 , includ- ing the impact of incremental integration costs . net sales for the packaging operations were $ 400 million in 2012 compared with $ 410 million in 2011 and $ 255 million in 2010 . operating profits for the packaging operations were $ 2 million in 2012 compared with $ 2 million in 2011 and a loss of $ 7 million ( a loss of $ 4 million excluding facility closure costs ) in 2010 . operating profits were favorably impacted by higher average sales margins in 2012 compared with 2011 , but this benefit was offset by lower sales volumes and higher raw material costs and operating costs . looking ahead to the first quarter of 2013 , sales volumes and average sales margins are expected to decrease due to seasonality . net sales for the distribution operations were $ 260 million in 2012 compared with $ 285 million in 2011 and $ 240 million in 2010 . operating profits were $ 3 million in 2012 compared with $ 3 million in 2011 and about breakeven in 2010. .
Question: north american industrial packaging net sales where what percent of industrial packaging sales in 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5.41 | Context:for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group . based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index . based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) . each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle . see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle . stock options the personnel committee and in the case of the named executive officers ( other than mr . leonard , mr . denault and mr . smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr . leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded . the following table sets forth the number of stock options granted to each named executive officer in 2008 . the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. .
|named exeutive officer|stock options|
|j . wayne leonard|175000|
|leo p . denault|50000|
|richard j . smith|35000|
|e . renae conley|15600|
|hugh t . mcdonald|7000|
|haley fisackerly|5000|
|joseph f . domino|7000|
|roderick k . west|8000|
|theodore h . bunting jr .|18000|
|carolyn shanks|7000|
the option grants awarded to the named executive officers ( other than mr . leonard and mr . lewis ) ranged in amount between 5000 and 50000 shares . mr . lewis did not receive any stock option awards in 2008 . in the case of mr . leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer . among other things , the committee noted that .
Question: what is the total value of stock options for leo p . denault , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
12.0 | Context:mastercard incorporated notes to consolidated financial statements 2014continued the municipal bond portfolio is comprised of tax exempt bonds and is diversified across states and sectors . the portfolio has an average credit quality of double-a . the short-term bond funds invest in fixed income securities , including corporate bonds , mortgage-backed securities and asset-backed securities . the company holds investments in ars . interest on these securities is exempt from u.s . federal income tax and the interest rate on the securities typically resets every 35 days . the securities are fully collateralized by student loans with guarantees , ranging from approximately 95% ( 95 % ) to 98% ( 98 % ) of principal and interest , by the u.s . government via the department of education . beginning on february 11 , 2008 , the auction mechanism that normally provided liquidity to the ars investments began to fail . since mid-february 2008 , all investment positions in the company 2019s ars investment portfolio have experienced failed auctions . the securities for which auctions have failed have continued to pay interest in accordance with the contractual terms of such instruments and will continue to accrue interest and be auctioned at each respective reset date until the auction succeeds , the issuer redeems the securities or they mature . during 2008 , ars were reclassified as level 3 from level 2 . as of december 31 , 2010 , the ars market remained illiquid , but issuer call and redemption activity in the ars student loan sector has occurred periodically since the auctions began to fail . during 2010 and 2009 , the company did not sell any ars in the auction market , but there were calls at par . the table below includes a roll-forward of the company 2019s ars investments from january 1 , 2009 to december 31 , 2010 . significant unobservable inputs ( level 3 ) ( in millions ) .
||significant unobservable inputs ( level 3 ) ( in millions )|
|fair value december 31 2008|$ 192|
|calls at par|-28 ( 28 )|
|recovery of unrealized losses due to issuer calls|5|
|increase in fair value|11|
|fair value december 31 2009|180|
|calls at par|-94 ( 94 )|
|recovery of unrealized losses due to issuer calls|13|
|increase in fair value|7|
|fair value december 31 2010|$ 106|
the company evaluated the estimated impairment of its ars portfolio to determine if it was other-than- temporary . the company considered several factors including , but not limited to , the following : ( 1 ) the reasons for the decline in value ( changes in interest rates , credit event , or market fluctuations ) ; ( 2 ) assessments as to whether it is more likely than not that it will hold and not be required to sell the investments for a sufficient period of time to allow for recovery of the cost basis ; ( 3 ) whether the decline is substantial ; and ( 4 ) the historical and anticipated duration of the events causing the decline in value . the evaluation for other-than-temporary impairments is a quantitative and qualitative process , which is subject to various risks and uncertainties . the risks and uncertainties include changes in credit quality , market liquidity , timing and amounts of issuer calls and interest rates . as of december 31 , 2010 , the company believed that the unrealized losses on the ars were not related to credit quality but rather due to the lack of liquidity in the market . the company believes that it is more .
Question: what is the decrease observed in the fair value of ars investments between 2009 and 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.07049 | Context:contractual obligations in 2011 , we issued $ 1200 million of senior notes and entered into the credit facility with third-party lenders in the amount of $ 1225 million . as of december 31 , 2011 , total outstanding long-term debt was $ 1859 million , consisting of these senior notes and the credit facility , in addition to $ 105 million of third party debt that remained outstanding subsequent to the spin-off . in connection with the spin-off , we entered into a transition services agreement with northrop grumman , under which northrop grumman or certain of its subsidiaries provides us with certain services to help ensure an orderly transition following the distribution . under the transition services agreement , northrop grumman provides , for up to 12 months following the spin-off , certain enterprise shared services ( including information technology , resource planning , financial , procurement and human resource services ) , benefits support services and other specified services . the original term of the transition services agreement ends on march 31 , 2012 , although we have the right to and have cancelled certain services as we transition to new third-party providers . the services provided by northrop grumman are charged to us at cost , and a limited number of these services may be extended for a period of approximately six months to allow full information systems transition . see note 20 : related party transactions and former parent company equity in item 8 . in connection with the spin-off , we entered into a tax matters agreement with northrop grumman ( the 201ctax matters agreement 201d ) that governs the respective rights , responsibilities and obligations of northrop grumman and us after the spin-off with respect to tax liabilities and benefits , tax attributes , tax contests and other tax sharing regarding u.s . federal , state , local and foreign income taxes , other taxes and related tax returns . we have several liabilities with northrop grumman to the irs for the consolidated u.s . federal income taxes of the northrop grumman consolidated group relating to the taxable periods in which we were part of that group . however , the tax matters agreement specifies the portion of this tax liability for which we will bear responsibility , and northrop grumman has agreed to indemnify us against any amounts for which we are not responsible . the tax matters agreement also provides special rules for allocating tax liabilities in the event that the spin-off , together with certain related transactions , is not tax-free . see note 20 : related party transactions and former parent company equity in item 8 . we do not expect either the transition services agreement or the tax matters agreement to have a significant impact on our financial condition and results of operations . the following table presents our contractual obligations as of december 31 , 2011 , and the related estimated timing of future cash payments : ( $ in millions ) total 2012 2013 - 2014 2015 - 2016 2017 and beyond .
|( $ in millions )|total|2012|2013 - 2014|2015 - 2016|2017 and beyond|
|long-term debt|$ 1859|$ 29|$ 129|$ 396|$ 1305|
|interest payments on long-term debt ( 1 )|854|112|219|202|321|
|operating leases|124|21|32|23|48|
|purchase obligations ( 2 )|2425|1409|763|209|44|
|other long-term liabilities ( 3 )|587|66|96|67|358|
|total contractual obligations|$ 5849|$ 1637|$ 1239|$ 897|$ 2076|
( 1 ) interest payments include interest on $ 554 million of variable interest rate debt calculated based on interest rates at december 31 , 2011 . ( 2 ) a 201cpurchase obligation 201d is defined as an agreement to purchase goods or services that is enforceable and legally binding on us and that specifies all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum , or variable price provisions ; and the approximate timing of the transaction . these amounts are primarily comprised of open purchase order commitments to vendors and subcontractors pertaining to funded contracts . ( 3 ) other long-term liabilities primarily consist of total accrued workers 2019 compensation reserves , deferred compensation , and other miscellaneous liabilities , of which $ 201 million is the current portion of workers 2019 compensation liabilities . it excludes obligations for uncertain tax positions of $ 9 million , as the timing of the payments , if any , cannot be reasonably estimated . the above table excludes retirement related contributions . in 2012 , we expect to make minimum and discretionary contributions to our qualified pension plans of approximately $ 153 million and $ 65 million , respectively , exclusive of any u.s . government recoveries . we will continue to periodically evaluate whether to make additional discretionary contributions . in 2012 , we expect to make $ 35 million in contributions for our other postretirement plans , exclusive of any .
Question: what portion of the long-term debt is included in the section of current liabilities on the balance sheet as of december 31 , 2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.42442 | Context:marathon oil corporation notes to consolidated financial statements operating lease rental expense was : ( in millions ) 2008 2007 2006 minimum rental ( a ) $ 245 $ 209 $ 172 .
|( in millions )|2008|2007|2006|
|minimum rental ( a )|$ 245|$ 209|$ 172|
|contingent rental|22|33|28|
|sublease rentals|2013|2013|-7 ( 7 )|
|net rental expense|$ 267|$ 242|$ 193|
( a ) excludes $ 5 million , $ 8 million and $ 9 million paid by united states steel in 2008 , 2007 and 2006 on assumed leases . 27 . contingencies and commitments we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment . certain of these matters are discussed below . the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements . however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably . environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment . these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites . penalties may be imposed for noncompliance . at december 31 , 2008 and 2007 , accrued liabilities for remediation totaled $ 111 million and $ 108 million . it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed . receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 60 and $ 66 million at december 31 , 2008 and 2007 . we are a defendant , along with other refining companies , in 20 cases arising in three states alleging damages for methyl tertiary-butyl ether ( 201cmtbe 201d ) contamination . we have also received seven toxic substances control act notice letters involving potential claims in two states . such notice letters are often followed by litigation . like the cases that were settled in 2008 , the remaining mtbe cases are consolidated in a multidistrict litigation in the southern district of new york for pretrial proceedings . nineteen of the remaining cases allege damages to water supply wells , similar to the damages claimed in the settled cases . in the other remaining case , the state of new jersey is seeking natural resources damages allegedly resulting from contamination of groundwater by mtbe . this is the only mtbe contamination case in which we are a defendant and natural resources damages are sought . we are vigorously defending these cases . we , along with a number of other defendants , have engaged in settlement discussions related to the majority of the cases in which we are a defendant . we do not expect our share of liability , if any , for the remaining cases to significantly impact our consolidated results of operations , financial position or cash flows . a lawsuit filed in the united states district court for the southern district of west virginia alleges that our catlettsburg , kentucky , refinery distributed contaminated gasoline to wholesalers and retailers for a period prior to august , 2003 , causing permanent damage to storage tanks , dispensers and related equipment , resulting in lost profits , business disruption and personal and real property damages . following the incident , we conducted remediation operations at affected facilities , and we deny that any permanent damages resulted from the incident . class action certification was granted in august 2007 . we have entered into a tentative settlement agreement in this case . notice of the proposed settlement has been sent to the class members . approval by the court after a fairness hearing is required before the settlement can be finalized . the fairness hearing is scheduled in the first quarter of 2009 . the proposed settlement will not significantly impact our consolidated results of operations , financial position or cash flows . guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies . under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements . in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. .
Question: by how much did minimum rental increase from 2006 to 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3.21429 | Context:2009 levels , we returned a portion of these assets to active service . at the end of 2010 , we continued to maintain in storage approximately 17% ( 17 % ) of our multiple purpose locomotives and 14% ( 14 % ) of our freight car inventory , reflecting our ability to effectively leverage our assets as volumes return to our network . 2022 fuel prices 2013 fuel prices generally increased throughout 2010 as the economy improved . our average diesel fuel price per gallon increased nearly 20% ( 20 % ) from january to december of 2010 , driven by higher crude oil barrel prices and conversion spreads . compared to 2009 , our diesel fuel price per gallon consumed increased 31% ( 31 % ) , driving operating expenses up by $ 566 million ( excluding any impact from year-over-year volume increases ) . to partially offset the effect of higher fuel prices , we reduced our consumption rate by 3% ( 3 % ) during the year , saving approximately 27 million gallons of fuel . the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ( the practice of distributing locomotives throughout a train rather than positioning them all in the lead resulting in safer and more efficient train operations ) ; fuel conservation programs ; and efficient network operations and asset utilization all contributed to this improvement . 2022 free cash flow 2013 cash generated by operating activities ( adjusted for the reclassification of our receivables securitization facility ) totaled $ 4.5 billion , yielding record free cash flow of $ 1.4 billion in 2010 . free cash flow is defined as cash provided by operating activities ( adjusted for the reclassification of our receivables securitization facility ) , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the u.s . ( gaap ) by sec regulation g and item 10 of sec regulation s-k . we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2010 2009 2008 .
|millions|2010|2009|2008|
|cash provided by operating activities|$ 4105|$ 3204|$ 4044|
|receivables securitization facility [a]|400|184|16|
|cash provided by operating activitiesadjusted for the receivables securitizationfacility|4505|3388|4060|
|cash used in investing activities|-2488 ( 2488 )|-2145 ( 2145 )|-2738 ( 2738 )|
|dividends paid|-602 ( 602 )|-544 ( 544 )|-481 ( 481 )|
|free cash flow|$ 1415|$ 699|$ 841|
[a] effective january 1 , 2010 , a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our consolidated statements of financial position and as financing activities in our consolidated statements of cash flows . the receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented . 2011 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and engaging our employees . we will continue implementing total safety culture ( tsc ) throughout our operations . tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers . this process allows us to identify and implement best practices for employee and operational safety . reducing grade crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain and close crossings ; install video cameras on locomotives ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs , and engaging local communities . 2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic , to identify additional opportunities to simplify operations , remove network variability , and improve network efficiency and asset utilization . we plan to adjust manpower and our locomotive and rail car fleets to meet customer needs and put .
Question: in 2010 what was the ratio of the cash generated by operating activities to the free cash flow of $ 1.4 billion in 2010 . | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.80815 | Context:6 . restricted cash sysco is required by its insurers to collateralize a part of the self-insured portion of its workers 2019 compensation and liability claims . sysco has chosen to satisfy these collateral requirements by depositing funds in insurance trusts or by issuing letters of credit . in addition , for certain acquisitions , sysco has placed funds into escrow to be disbursed to the sellers in the event that specified operating results are attained or contingencies are resolved . escrowed funds related to certain acquisitions in the amount of $ 1700000 were released during fiscal 2006 , which included $ 800000 that was disbursed to sellers . a summary of restricted cash balances appears below: .
||july 1 2006|july 2 2005|
|funds deposited in insurance trusts|$ 82653000|$ 80410000|
|escrow funds related to acquisitions|19621000|21321000|
|total|$ 102274000|$ 101731000|
funds deposited in insurance trusts************************************** $ 82653000 $ 80410000 escrow funds related to acquisitions ************************************* 19621000 21321000 total************************************************************* $ 102274000 $ 101731000 7 . derivative financial instruments sysco manages its debt portfolio by targeting an overall desired position of fixed and floating rates and may employ interest rate swaps from time to time to achieve this goal . the company does not use derivative financial instruments for trading or speculative purposes . during fiscal years 2003 , 2004 and 2005 , the company entered into various interest rate swap agreements designated as fair value hedges of the related debt . the terms of these swap agreements and the hedged items were such that the hedges were considered perfectly effective against changes in the fair value of the debt due to changes in the benchmark interest rates over their terms . as a result , the shortcut method provided by sfas no . 133 , 2018 2018accounting for derivative instruments and hedging activities , 2019 2019 was applied and there was no need to periodically reassess the effectiveness of the hedges during the terms of the swaps . interest expense on the debt was adjusted to include payments made or received under the hedge agreements . the fair value of the swaps was carried as an asset or a liability on the consolidated balance sheet and the carrying value of the hedged debt was adjusted accordingly . there were no fair value hedges outstanding as of july 1 , 2006 or july 2 , 2005 . the amount received upon termination of fair value hedge swap agreements was $ 5316000 and $ 1305000 in fiscal years 2005 and 2004 , respectively . there were no terminations of fair value hedge swap agreements in fiscal 2006 . the amount received upon termination of swap agreements is reflected as an increase in the carrying value of the related debt to reflect its fair value at termination . this increase in the carrying value of the debt is amortized as a reduction of interest expense over the remaining term of the debt . in march 2005 , sysco entered into a forward-starting interest rate swap with a notional amount of $ 350000000 . in accordance with sfas no . 133 , the company designated this derivative as a cash flow hedge of the variability in the cash outflows of interest payments on $ 350000000 of the september 2005 forecasted debt issuance due to changes in the benchmark interest rate . the fair value of the swap as of july 2 , 2005 was ( $ 32584000 ) , which is reflected in accrued expenses on the consolidated balance sheet , with the corresponding amount reflected as a loss , net of tax , in other comprehensive income ( loss ) . in september 2005 , in conjunction with the issuance of the 5.375% ( 5.375 % ) senior notes , sysco settled the $ 350000000 notional amount forward-starting interest rate swap . upon settlement , sysco paid cash of $ 21196000 , which represented the fair value of the swap agreement at the time of settlement . this amount is being amortized as interest expense over the 30-year term of the debt , and the unamortized balance is reflected as a loss , net of tax , in other comprehensive income ( loss ) . in the normal course of business , sysco enters into forward purchase agreements for the procurement of fuel , electricity and product commodities related to sysco 2019s business . certain of these agreements meet the definition of a derivative and qualify for the normal purchase and sale exemption under relevant accounting literature . the company has elected to use this exemption for these agreements and thus they are not recorded at fair value . %%transmsg*** transmitting job : h39408 pcn : 046000000 *** %%pcmsg|44 |00010|yes|no|09/06/2006 17:22|0|1|page is valid , no graphics -- color : n| .
Question: what percentage of restricted cash as of july 1 , 2006 was in funds deposited in insurance trusts? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.06034 | Context:nonoperating income ( expense ) . blackrock also uses operating margin , as adjusted , to monitor corporate performance and efficiency and as a benchmark to compare its performance with other companies . management uses both gaap and non-gaap financial measures in evaluating blackrock 2019s financial performance . the non-gaap measure by itself may pose limitations because it does not include all of blackrock 2019s revenues and expenses . operating income used for measuring operating margin , as adjusted , is equal to operating income , as adjusted , excluding the impact of closed-end fund launch costs and related commissions . management believes the exclusion of such costs and related commissions is useful because these costs can fluctuate considerably and revenues associated with the expenditure of these costs will not fully impact blackrock 2019s results until future periods . revenue used for operating margin , as adjusted , excludes distribution and servicing costs paid to related parties and other third parties . management believes the exclusion of such costs is useful because it creates consistency in the treatment for certain contracts for similar services , which due to the terms of the contracts , are accounted for under gaap on a net basis within investment advisory , administration fees and securities lending revenue . amortization of deferred sales commissions is excluded from revenue used for operating margin measurement , as adjusted , because such costs , over time , substantially offset distribution fee revenue the company earns . for each of these items , blackrock excludes from revenue used for operating margin , as adjusted , the costs related to each of these items as a proxy for such offsetting revenues . ( b ) nonoperating income ( expense ) , less net income ( loss ) attributable to noncontrolling interests , as adjusted , is presented below . the compensation expense offset is recorded in operating income . this compensation expense has been included in nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , to offset returns on investments set aside for these plans , which are reported in nonoperating income ( expense ) , gaap basis . management believes nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides comparability of information among reporting periods and is an effective measure for reviewing blackrock 2019s nonoperating contribution to results . as compensation expense associated with ( appreciation ) depreciation on investments related to certain deferred compensation plans , which is included in operating income , substantially offsets the gain ( loss ) on the investments set aside for these plans , management believes nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted , provides a useful measure , for both management and investors , of blackrock 2019s nonoperating results that impact book value . during 2013 , the noncash , nonoperating pre-tax gain of $ 80 million related to the contributed pennymac investment has been excluded from nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted due to its nonrecurring nature and because the more than offsetting associated charitable contribution expense of $ 124 million is reported in operating income . ( in millions ) 2013 2012 2011 nonoperating income ( expense ) , gaap basis $ 116 $ ( 54 ) $ ( 114 ) less : net income ( loss ) attributable to nci 19 ( 18 ) 2 .
|( in millions )|2013|2012|2011|
|nonoperating income ( expense ) gaap basis|$ 116|$ -54 ( 54 )|$ -114 ( 114 )|
|less : net income ( loss ) attributable to nci|19|-18 ( 18 )|2|
|nonoperating income ( expense )|97|-36 ( 36 )|-116 ( 116 )|
|gain related to charitable contribution|-80 ( 80 )|2014|2014|
|compensation expense related to ( appreciation ) depreciation on deferred compensation plans|-10 ( 10 )|-6 ( 6 )|3|
|nonoperating income ( expense ) less net income ( loss ) attributable to nci as adjusted|$ 7|$ -42 ( 42 )|$ -113 ( 113 )|
gain related to charitable contribution ( 80 ) 2014 2014 compensation expense related to ( appreciation ) depreciation on deferred compensation plans ( 10 ) ( 6 ) 3 nonoperating income ( expense ) , less net income ( loss ) attributable to nci , as adjusted $ 7 $ ( 42 ) $ ( 113 ) ( c ) net income attributable to blackrock , as adjusted : management believes net income attributable to blackrock , inc. , as adjusted , and diluted earnings per common share , as adjusted , are useful measures of blackrock 2019s profitability and financial performance . net income attributable to blackrock , inc. , as adjusted , equals net income attributable to blackrock , inc. , gaap basis , adjusted for significant nonrecurring items , charges that ultimately will not impact blackrock 2019s book value or certain tax items that do not impact cash flow . see note ( a ) operating income , as adjusted , and operating margin , as adjusted , for information on the pnc ltip funding obligation , merrill lynch compensation contribution , charitable contribution , u.k . lease exit costs , contribution to stifs and restructuring charges . the 2013 results included a tax benefit of approximately $ 48 million recognized in connection with the charitable contribution . the tax benefit has been excluded from net income attributable to blackrock , inc. , as adjusted due to the nonrecurring nature of the charitable contribution . during 2013 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities , including the effect of legislation enacted in the united kingdom and domestic state and local income tax changes . during 2012 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities , including the effect of legislation enacted in the united kingdom and the state and local income tax effect resulting from changes in the company 2019s organizational structure . during 2011 , income tax changes included adjustments related to the revaluation of certain deferred income tax liabilities due to a state tax election and enacted u.k. , japan , u.s . state and local tax legislation . the resulting decrease in income taxes has been excluded from net income attributable to blackrock , inc. , as adjusted , as these items will not have a cash flow impact and to ensure comparability among periods presented. .
Question: what is the nonoperating income ( expense ) less net income ( loss ) attributable to nci as adjusted as a percentage of nonoperating income ( expense ) on a gaap basis in 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
71.0 | Context:a black-scholes option-pricing model was used for purposes of estimating the fair value of state street 2019s employee stock options at the grant date . the following were the weighted average assumptions for the years ended december 31 , 2001 , 2000 and 1999 , respectively : risk-free interest rates of 3.99% ( 3.99 % ) , 5.75% ( 5.75 % ) and 5.90% ( 5.90 % ) ; dividend yields of 1.08% ( 1.08 % ) , .73% ( .73 % ) and .92% ( .92 % ) ; and volatility factors of the expected market price of state street common stock of .30 , .30 and .30 . the estimated weighted average life of the stock options granted was 4.1 years for the years ended december 31 , 2001 , 2000 and 1999 . o t h e r u n r e a l i z e d c o m p r e h e n s i v e i n c o m e ( l o s s ) at december 31 , the components of other unrealized comprehensive income ( loss ) , net of related taxes , were as follows: .
|( dollars in millions )|2001|2000|
|unrealized gain on available-for-sale securities|$ 96|$ 19|
|foreign currency translation|-27 ( 27 )|-20 ( 20 )|
|other|1||
|total|$ 70|$ -1 ( 1 )|
note j shareholders 2019 rights plan in 1988 , state street declared a dividend of one preferred share purchase right for each outstanding share of common stock . in 1998 , the rights agreement was amended and restated , and in 2001 , the rights plan was impacted by the 2-for-1 stock split . accordingly , a right may be exercised , under certain conditions , to purchase one eight-hundredths share of a series of participating preferred stock at an exercise price of $ 132.50 , subject to adjustment . the rights become exercisable if a party acquires or obtains the right to acquire 10% ( 10 % ) or more of state street 2019s common stock or after commencement or public announcement of an offer for 10% ( 10 % ) or more of state street 2019s common stock . when exercisable , under certain conditions , each right entitles the holder thereof to purchase shares of common stock , of either state street or of the acquirer , having a market value of two times the then-current exercise price of that right . the rights expire in september 2008 , and may be redeemed at a price of $ .00125 per right , subject to adjustment , at any time prior to expiration or the acquisition of 10% ( 10 % ) of state street 2019s common stock . under certain circumstances , the rights may be redeemed after they become exercisable and may be subject to automatic redemption . note k regulatory matters r e g u l a t o r y c a p i t a l state street is subject to various regulatory capital requirements administered by federal banking agencies . failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that , if undertaken , could have a direct material effect on state street 2019s financial condition . under capital adequacy guidelines , state street must meet specific capital guidelines that involve quantitative measures of state street 2019s assets , liabilities and off-balance sheet items as calculated under regulatory accounting practices . state street 2019s capital amounts and classification are subject to qualitative judgments by the regulators about components , risk weightings and other factors . 42 state street corporation .
Question: what is the net change in the balance of the other unrealized comprehensive income in 2001? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4.18 | Context:item 4 . submission of matters to a vote of security holders no matters were submitted to a vote of security holders during the fourth quarter of 2005 . part ii item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities market information our series a common stock has traded on the new york stock exchange under the symbol 2018 2018ce 2019 2019 since january 21 , 2005 . the closing sale price of our series a common stock , as reported by the new york stock exchange , on march 6 , 2006 was $ 20.98 . the following table sets forth the high and low intraday sales prices per share of our common stock , as reported by the new york stock exchange , for the periods indicated. .
|2005|pricerange high|pricerange low|
|quarterended march 312005|$ 18.65|$ 15.10|
|quarter endedjune 302005|$ 18.16|$ 13.54|
|quarter endedseptember 30 2005|$ 20.06|$ 15.88|
|quarter endeddecember 312005|$ 19.76|$ 15.58|
holders no shares of celanese 2019s series b common stock are issued and outstanding . as of march 6 , 2006 , there were 51 holders of record of our series a common stock , and one holder of record of our perpetual preferred stock . by including persons holding shares in broker accounts under street names , however , we estimate our shareholder base to be approximately 6800 as of march 6 , 2006 . dividend policy in july 2005 , our board of directors adopted a policy of declaring , subject to legally available funds , a quarterly cash dividend on each share of our common stock at an annual rate initially equal to approximately 1% ( 1 % ) of the $ 16 price per share in the initial public offering of our series a common stock ( or $ 0.16 per share ) unless our board of directors , in its sole discretion , determines otherwise , commencing the second quarter of 2005 . pursuant to this policy , the company paid the quarterly dividends of $ 0.04 per share on august 11 , 2005 , november 1 , 2005 and february 1 , 2006 . based on the number of outstanding shares of our series a common stock , the anticipated annual cash dividend is approximately $ 25 million . however , there is no assurance that sufficient cash will be available in the future to pay such dividend . further , such dividends payable to holders of our series a common stock cannot be declared or paid nor can any funds be set aside for the payment thereof , unless we have paid or set aside funds for the payment of all accumulated and unpaid dividends with respect to the shares of our preferred stock , as described below . our board of directors may , at any time , modify or revoke our dividend policy on our series a common stock . we are required under the terms of the preferred stock to pay scheduled quarterly dividends , subject to legally available funds . for so long as the preferred stock remains outstanding , ( 1 ) we will not declare , pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and ( 2 ) neither we , nor any of our subsidiaries , will , subject to certain exceptions , redeem , purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise , in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of preferred stock and any parity stock for all preceding dividend periods . pursuant to this policy , the company paid the quarterly dividends of $ 0.265625 on its 4.25% ( 4.25 % ) convertible perpetual preferred stock on august 1 , 2005 , november 1 , 2005 and february 1 , 2006 . the anticipated annual cash dividend is approximately $ 10 million. .
Question: what is the maximum variance during the quarter ended in september 31 , 2005? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.09615 | Context:notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . one customer accounted for approximately 11% ( 11 % ) of trade receivables as of september 29 , 2007 , while no customers accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
||september 29 2007|september 30 2006|september 24 2005|
|beginning allowance balance|$ 52|$ 46|$ 47|
|charged to costs and expenses|12|17|8|
|deductions|-17 ( 17 )|-11 ( 11 )|-9 ( 9 )|
|ending allowance balance|$ 47|$ 52|$ 46|
vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 2.4 billion and $ 1.6 billion as of september 29 , 2007 and september 30 , 2006 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .
Question: what was the percentage change in the allowance for doubtful accounts from 2006 to 2007? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.12849 | Context:the internal revenue code . therefore , cash needed to execute our strategy and invest in new properties , as well as to pay our debt at maturity , must come from one or more of the following sources : 2022 cash not distributed to shareholders , 2022 proceeds of property dispositions , or 2022 proceeds derived from the issuance of new debt or equity securities . it is management 2019s intention that we continually have access to the capital resources necessary to expand and develop our business . as a result , we intend to operate with and maintain a conservative capital structure that will allow us to maintain strong debt service coverage and fixed-charge coverage ratios as part of our commitment to investment-grade debt ratings . we may , from time to time , seek to obtain funds by the following means : 2022 additional equity offerings , 2022 unsecured debt financing and/or mortgage financings , and 2022 other debt and equity alternatives , including formation of joint ventures , in a manner consistent with our intention to operate with a conservative debt structure . cash and cash equivalents were $ 30.5 million and $ 35.0 million at december 31 , 2004 and december 31 , 2003 , respectively . summary of cash flows for the year ended december 31 , 2004 ( in thousands ) .
||for the year ended december 31 2004 ( in thousands )|
|cash provided by operating activities|$ 161113|
|cash used in investing activities|-154273 ( 154273 )|
|cash used by financing activities|-11333 ( 11333 )|
|decrease in cash and cash equivalents|-4493 ( 4493 )|
|cash and cash equivalents beginning of period|34968|
|cash and cash equivalents end of period|$ 30475|
the cash provided by operating activities is primarily attributable to the operation of our properties and the change in working capital related to our operations . we used cash of $ 154.3 million during the twelve months ended december 31 , 2004 in investing activities , including the following : 2022 $ 101.7 million for our acquisition of westgate mall , shaw 2019s plaza and several parcels of land , 2022 capital expenditures of $ 59.2 million for development and redevelopment of properties including santana row , 2022 maintenance capital expenditures of approximately $ 36.9 million , 2022 $ 9.4 million capital contribution to a real estate partnership , and 2022 an additional $ 3.2 million net advance under an existing mortgage note receivable ; offset by 2022 $ 41.8 million in net sale proceeds from the sale of properties , and .
Question: what was the percentual decrease in the cash and cash equivalents during this period? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.62917 | Context:potentially responsible parties , and existing technology , laws , and regulations . the ultimate liability for remediation is difficult to determine because of the number of potentially responsible parties involved , site- specific cost sharing arrangements with other potentially responsible parties , the degree of contamination by various wastes , the scarcity and quality of volumetric data related to many of the sites , and the speculative nature of remediation costs . current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use third-party actuaries to assist us with measuring the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . annual expenses for personal injury-related events were $ 240 million in 2006 , $ 247 million in 2005 , and $ 288 million in 2004 . as of december 31 , 2006 and 2005 , we had accrued liabilities of $ 631 million and $ 619 million for future personal injury costs , respectively , of which $ 233 million and $ 274 million was recorded in current liabilities as accrued casualty costs , respectively . our personal injury liability is discounted to present value using applicable u.s . treasury rates . approximately 87% ( 87 % ) of the recorded liability related to asserted claims , and approximately 13% ( 13 % ) related to unasserted claims . estimates can vary over time due to evolving trends in litigation . our personal injury claims activity was as follows : claims activity 2006 2005 2004 .
|claims activity|2006|2005|2004|
|open claims beginning balance|4197|4028|4085|
|new claims|4190|4584|4366|
|settled or dismissed claims|-4261 ( 4261 )|-4415 ( 4415 )|-4423 ( 4423 )|
|open claims ending balance at december 31|4126|4197|4028|
depreciation 2013 the railroad industry is capital intensive . properties are carried at cost . provisions for depreciation are computed principally on the straight-line method based on estimated service lives of depreciable property . the lives are calculated using a separate composite annual percentage rate for each depreciable property group , based on the results of internal depreciation studies . we are required to submit a report on depreciation studies and proposed depreciation rates to the stb for review and approval every three years for equipment property and every six years for road property . the cost ( net of salvage ) of depreciable railroad property retired or replaced in the ordinary course of business is charged to accumulated depreciation , and no gain or loss is recognized . a gain or loss is recognized in other income for all other property upon disposition because the gain or loss is not part of rail operations . the cost of internally developed software is capitalized and amortized over a five-year period . significant capital spending in recent years increased the total value of our depreciable assets . cash capital spending totaled $ 2.2 billion for the year ended december 31 , 2006 . for the year ended december 31 , 2006 , depreciation expense was $ 1.2 billion . we use various methods to estimate useful lives for each group of depreciable property . due to the capital intensive nature of the business and the large base of depreciable assets , variances to those estimates could have a material effect on our consolidated financial statements . if the estimated useful lives of all depreciable assets were increased by one year , annual depreciation expense would decrease by approximately $ 43 million . if the estimated useful lives of all assets to be depreciated were decreased by one year , annual depreciation expense would increase by approximately $ 45 million . income taxes 2013 as required under fasb statement no . 109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the future tax consequences of events that have been recognized in our financial statements or tax returns . these .
Question: in 2006 what was the ratio of the accrued liabilities to the actual expenses | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.89744 | Context:management 2019s discussion and analysis 144 jpmorgan chase & co./2010 annual report compared with $ 57 million for 2009 . decreases in cio and mort- gage banking var for 2010 were again driven by the decline in market volatility and position changes . the decline in mortgage banking var at december 31 , 2010 , reflects management 2019s deci- sion to reduce risk given market volatility at the time . the firm 2019s average ib and other var diversification benefit was $ 59 million or 37% ( 37 % ) of the sum for 2010 , compared with $ 82 million or 28% ( 28 % ) of the sum for 2009 . the firm experienced an increase in the diversification benefit in 2010 as positions changed and correla- tions decreased . in general , over the course of the year , var expo- sure can vary significantly as positions change , market volatility fluctuates and diversification benefits change . var back-testing the firm conducts daily back-testing of var against its market risk- related revenue , which is defined as the change in value of : princi- pal transactions revenue for ib and cio ( less private equity gains/losses and revenue from longer-term cio investments ) ; trading-related net interest income for ib , cio and mortgage bank- ing ; ib brokerage commissions , underwriting fees or other revenue ; revenue from syndicated lending facilities that the firm intends to distribute ; and mortgage fees and related income for the firm 2019s mortgage pipeline and warehouse loans , msrs , and all related hedges . daily firmwide market risk 2013related revenue excludes gains and losses from dva . the following histogram illustrates the daily market risk 2013related gains and losses for ib , cio and mortgage banking positions for 2010 . the chart shows that the firm posted market risk 2013related gains on 248 out of 261 days in this period , with 12 days exceeding $ 210 million . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which the 95% ( 95 % ) confidence-level var ex- ceeded the actual loss on each of those days . during 2010 , losses were sustained on 13 days , none of which exceeded the var measure . daily ib and other market risk-related gains and losses ( 95% ( 95 % ) confidence-level var ) year ended december 31 , 2010 average daily revenue : $ 87 million $ in millions $ in millions daily ib and other var less market risk-related losses the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . as credit curves do not typically move in a parallel fashion , the sensitivity multiplied by the change in spreads at a single maturity point may not be representative of the actual revenue recognized . debit valuation adjustment sensitivity 1 basis point increase in december 31 , ( in millions ) jpmorgan chase 2019s credit spread .
|december 31 ( in millions )|1 basis point increase in jpmorgan chase 2019s credit spread|
|2010|$ 35|
|2009|$ 39|
.
Question: what was the ratio of the basis point increase in 2010 compared to 2009 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
4897.0 | Context:fy 11 | 53 the company paid income taxes of $ 60515 , $ 42116 , and $ 62965 in 2011 , 2010 , and 2009 , respectively . at june 30 , 2010 , the company had $ 7187 of unrecognized tax benefits . at june 30 , 2011 , the company had $ 8897 of unrecognized tax benefits , of which , $ 6655 , if recognized , would affect our effective tax rate . we had accrued interest and penalties of $ 1030 and $ 890 related to uncertain tax positions at june 30 , 2011 and 2010 , respectively . a reconciliation of the unrecognized tax benefits for the years ended june 30 , 2011 and 2010 follows : unrecognized tax benefits .
||unrecognized tax benefits|
|balance at july 1 2009|$ 5518|
|additions for current year tax positions|691|
|reductions for current year tax positions|-39 ( 39 )|
|additions for prior year tax positions|2049|
|reductions for prior year tax positions|-298 ( 298 )|
|settlements|-|
|reductions related to expirations of statute of limitations|-734 ( 734 )|
|balance at june 30 2010|7187|
|additions for current year tax positions|1338|
|reductions for current year tax positions|-|
|additions for prior year tax positions|599|
|reductions for prior year tax positions|-|
|settlements|-|
|reductions related to expirations of statute of limitations|-227 ( 227 )|
|balance at june 30 2011|$ 8897|
during the fiscal year ended june 30 , 2010 , the internal revenue service commenced an examination of the company 2019s u.s . federal income tax returns for fiscal years ended june 2008 through 2009 that is anticipated to be completed by the end of calendar year 2011 . at this time , it is anticipated that the examination will not result in a material change to the company 2019s financial position . the u.s . federal and state income tax returns for june 30 , 2008 and all subsequent years still remain subject to examination as of june 30 , 2011 under statute of limitations rules . we anticipate potential changes resulting from our irs examination and expiration of statutes of limitations could reduce the unrecognized tax benefits balance by $ 3000 - $ 4000 within twelve months of june 30 , 2011 . note 8 : industry and supplier concentrations the company sells its products to banks , credit unions , and financial institutions throughout the united states and generally does not require collateral . all billings to customers are due 30 days from date of billing . reserves ( which are insignificant at june 30 , 2011 , 2010 and 2009 ) are maintained for potential credit losses . in addition , the company purchases most of its computer hardware and related maintenance for resale in relation to installation of jha software systems from two suppliers . there are a limited number of hardware suppliers for these required items . if these relationships were terminated , it could have a significant negative impact on the future operations of the company . note 9 : stock based compensation plans our pre-tax operating income for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4723 , $ 3251 and $ 2272 of stock-based compensation costs , respectively . total compensation cost for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4209 , $ 2347 , and $ 1620 relating to the restricted stock plan , respectively. .
Question: if the maximum projected change to unrecognized tax benefits from the irs examination does occur , what would the new balance be june 30 , 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5.9 | Context:american tower corporation and subsidiaries notes to consolidated financial statements the following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition ( in thousands ) : preliminary purchase price allocation .
||preliminary purchase price allocation|
|non-current assets|$ 24460|
|property and equipment|138959|
|intangible assets ( 1 )|117990|
|other non-current liabilities|-18195 ( 18195 )|
|fair value of net assets acquired|$ 263214|
|goodwill ( 2 )|47481|
( 1 ) consists of customer-related intangibles of approximately $ 80.0 million and network location intangibles of approximately $ 38.0 million . the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years . ( 2 ) the company expects that the goodwill recorded will be deductible for tax purposes . the goodwill was allocated to the company 2019s international rental and management segment . ghana acquisition 2014on december 6 , 2010 , the company entered into a definitive agreement with mtn group limited ( 201cmtn group 201d ) to establish a joint venture in ghana . the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company ( the 201catc ghana subsidiary 201d ) holds a 51% ( 51 % ) interest and mobile telephone networks ( netherlands ) b.v. , a wholly owned subsidiary of mtn group ( the 201cmtn ghana subsidiary 201d ) holds a 49% ( 49 % ) interest . the joint venture is managed and controlled by the company and owns a tower operations company in ghana . pursuant to the agreement , on may 6 , 2011 , august 11 , 2011 and december 23 , 2011 , the joint venture acquired 400 , 770 and 686 communications sites , respectively , from mtn group 2019s operating subsidiary in ghana for an aggregate purchase price of $ 515.6 million ( including contingent consideration of $ 2.3 million and value added tax of $ 65.6 million ) . the aggregate purchase price was subsequently increased to $ 517.7 million ( including contingent consideration of $ 2.3 million and value added tax of $ 65.6 million ) after certain post-closing adjustments . under the terms of the purchase agreement , legal title to certain of the communications sites acquired on december 23 , 2011 will be transferred upon fulfillment of certain conditions by mtn group . prior to the fulfillment of these conditions , the company will operate and maintain control of these communications sites , and accordingly , reflect these sites in the allocation of purchase price and the consolidated operating results . in december 2011 , the company signed an amendment to its agreement with mtn group , which requires the company to make additional payments upon the conversion of certain barter agreements with other wireless carriers to cash-paying master lease agreements . the company currently estimates the fair value of remaining potential contingent consideration payments required to be made under the amended agreement to be between zero and $ 1.0 million and is estimated to be $ 0.9 million using a probability weighted average of the expected outcomes at december 31 , 2012 . the company has previously made payments under this arrangement of $ 2.6 million . during the year ended december 31 , 2012 , the company recorded an increase in fair value of $ 0.4 million as other operating expenses in the consolidated statements of operations. .
Question: what is the annual amortization expense for the customer-related and network location intangibles , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.03884 | Context:5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: .
||2018|2017|2016|
|risk free rate|1.61% ( 1.61 % ) - 2.14% ( 2.14 % )|0.65% ( 0.65 % ) - 1.57% ( 1.57 % )|0.49% ( 0.49 % ) - 1.27% ( 1.27 % )|
|dividend yield|3.884% ( 3.884 % )|3.573% ( 3.573 % )|3.634% ( 3.634 % )|
|volatility|15.05% ( 15.05 % ) - 17.18% ( 17.18 % )|20.43% ( 20.43 % ) - 21.85% ( 21.85 % )|18.41% ( 18.41 % ) - 19.45% ( 19.45 % )|
|requisite service period|3 years|3 years|3 years|
the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Question: what is the highest dividend yield during 2016-2018? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
152.0 | Context:the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis the table below presents our average monthly assets under supervision by asset class . average for the year ended december $ in billions 2017 2016 2015 .
|$ in billions|average for theyear ended december 2017|average for theyear ended december 2016|average for theyear ended december 2015|
|alternative investments|$ 162|$ 149|$ 145|
|equity|292|256|247|
|fixed income|633|578|530|
|total long-term aus|1087|983|922|
|liquidity products|330|326|272|
|total aus|$ 1417|$ 1309|$ 1194|
operating environment . during 2017 , investment management operated in an environment characterized by generally higher asset prices , resulting in appreciation in both equity and fixed income assets . in addition , our long- term assets under supervision increased from net inflows primarily in fixed income and alternative investment assets . these increases were partially offset by net outflows in liquidity products . as a result , the mix of average assets under supervision during 2017 shifted slightly from liquidity products to long-term assets under supervision as compared to the mix at the end of 2016 . in the future , if asset prices decline , or investors favor assets that typically generate lower fees or investors withdraw their assets , net revenues in investment management would likely be negatively impacted . following a challenging first quarter of 2016 , market conditions improved during the remainder of 2016 with higher asset prices resulting in full year appreciation in both equity and fixed income assets . also , our assets under supervision increased during 2016 from net inflows , primarily in fixed income assets , and liquidity products . the mix of our average assets under supervision shifted slightly compared with 2015 from long-term assets under supervision to liquidity products . management fees were impacted by many factors , including inflows to advisory services and outflows from actively-managed mutual funds . 2017 versus 2016 . net revenues in investment management were $ 6.22 billion for 2017 , 7% ( 7 % ) higher than 2016 , due to higher management and other fees , reflecting higher average assets under supervision , and higher transaction revenues . during the year , total assets under supervision increased $ 115 billion to $ 1.49 trillion . long- term assets under supervision increased $ 128 billion , including net market appreciation of $ 86 billion , primarily in equity and fixed income assets , and net inflows of $ 42 billion ( which includes $ 20 billion of inflows in connection with the verus acquisition and $ 5 billion of equity asset outflows in connection with the australian divestiture ) , primarily in fixed income and alternative investment assets . liquidity products decreased $ 13 billion ( which includes $ 3 billion of inflows in connection with the verus acquisition ) . operating expenses were $ 4.80 billion for 2017 , 3% ( 3 % ) higher than 2016 , primarily due to increased compensation and benefits expenses , reflecting higher net revenues . pre-tax earnings were $ 1.42 billion in 2017 , 25% ( 25 % ) higher than 2016 versus 2015 . net revenues in investment management were $ 5.79 billion for 2016 , 7% ( 7 % ) lower than 2015 . this decrease primarily reflected significantly lower incentive fees compared with a strong 2015 . in addition , management and other fees were slightly lower , reflecting shifts in the mix of client assets and strategies , partially offset by the impact of higher average assets under supervision . during 2016 , total assets under supervision increased $ 127 billion to $ 1.38 trillion . long-term assets under supervision increased $ 75 billion , including net inflows of $ 42 billion , primarily in fixed income assets , and net market appreciation of $ 33 billion , primarily in equity and fixed income assets . in addition , liquidity products increased $ 52 billion . operating expenses were $ 4.65 billion for 2016 , 4% ( 4 % ) lower than 2015 , due to decreased compensation and benefits expenses , reflecting lower net revenues . pre-tax earnings were $ 1.13 billion in 2016 , 17% ( 17 % ) lower than 2015 . geographic data see note 25 to the consolidated financial statements for a summary of our total net revenues , pre-tax earnings and net earnings by geographic region . goldman sachs 2017 form 10-k 63 .
Question: in billions for 2017 , 2016 , and 2015 , what was the average in alternative investments? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.6534 | Context:performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2012 through october 29 , 2017 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2012 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/28/12 in stock or 10/31/12 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2017 standard & poor 2019s , a division of s&p global . all rights reserved. .
||10/28/2012|10/27/2013|10/26/2014|10/25/2015|10/30/2016|10/29/2017|
|applied materials|100.00|171.03|207.01|165.34|293.64|586.91|
|s&p 500 index|100.00|127.18|149.14|156.89|163.97|202.72|
|rdg semiconductor composite index|100.00|131.94|167.25|160.80|193.36|288.96|
dividends during each of fiscal 2017 , 2016 and 2015 , applied 2019s board of directors declared four quarterly cash dividends in the amount of $ 0.10 per share . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 10/28/12 10/27/13 10/26/14 10/25/15 10/30/16 10/29/17 applied materials , inc . s&p 500 rdg semiconductor composite .
Question: what is the roi in applied materials if the investment was made in 2012 and sold in 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.01743 | Context:the company 2019s 2017 reported tax rate includes $ 160.9 million of net tax benefits associated with the tax act , $ 6.2 million of net tax benefits on special gains and charges , and net tax benefits of $ 25.3 million associated with discrete tax items . in connection with the company 2019s initial analysis of the impact of the tax act , as noted above , a provisional net discrete tax benefit of $ 160.9 million was recorded in the period ended december 31 , 2017 , which includes $ 321.0 million tax benefit for recording deferred tax assets and liabilities at the u.s . enacted tax rate , and a net expense for the one-time transition tax of $ 160.1 million . while the company was able to make an estimate of the impact of the reduction in the u.s . rate on deferred tax assets and liabilities and the one-time transition tax , it may be affected by other analyses related to the tax act , as indicated above . special ( gains ) and charges represent the tax impact of special ( gains ) and charges , as well as additional tax benefits utilized in anticipation of u.s . tax reform of $ 7.8 million . during 2017 , the company recorded a discrete tax benefit of $ 39.7 million related to excess tax benefits , resulting from the adoption of accounting changes regarding the treatment of tax benefits on share-based compensation . the extent of excess tax benefits is subject to variation in stock price and stock option exercises . in addition , the company recorded net discrete expenses of $ 14.4 million related to recognizing adjustments from filing the 2016 u.s . federal income tax return and international adjustments due to changes in estimates , partially offset by the release of reserves for uncertain tax positions due to the expiration of statute of limitations in state tax matters . during 2016 , the company recognized net expense related to discrete tax items of $ 3.9 million . the net expenses were driven primarily by recognizing adjustments from filing the company 2019s 2015 u.s . federal income tax return , partially offset by settlement of international tax matters and remeasurement of certain deferred tax assets and liabilities resulting from the application of updated tax rates in international jurisdictions . net expense was also impacted by adjustments to deferred tax asset and liability positions and the release of reserves for uncertain tax positions due to the expiration of statute of limitations in non-u.s . jurisdictions . during 2015 , the company recognized net benefits related to discrete tax items of $ 63.3 million . the net benefits were driven primarily by the release of $ 20.6 million of valuation allowances , based on the realizability of foreign deferred tax assets and the ability to recognize a worthless stock deduction of $ 39.0 million for the tax basis in a wholly-owned domestic subsidiary . a reconciliation of the beginning and ending amount of gross liability for unrecognized tax benefits is as follows: .
|( millions )|2017|2016|2015|
|balance at beginning of year|$ 75.9|$ 74.6|$ 78.7|
|additions based on tax positions related to the current year|3.2|8.8|5.8|
|additions for tax positions of prior years|-|2.1|0.9|
|reductions for tax positions of prior years|-4.9 ( 4.9 )|-1.0 ( 1.0 )|-8.8 ( 8.8 )|
|reductions for tax positions due to statute of limitations|-14.0 ( 14.0 )|-5.5 ( 5.5 )|-1.6 ( 1.6 )|
|settlements|-10.8 ( 10.8 )|-2.0 ( 2.0 )|-4.2 ( 4.2 )|
|assumed in connection with acquisitions|10.0|-|8.0|
|foreign currency translation|2.1|-1.1 ( 1.1 )|-4.2 ( 4.2 )|
|balance at end of year|$ 61.5|$ 75.9|$ 74.6|
the total amount of unrecognized tax benefits , if recognized would have affected the effective tax rate by $ 47.1 million as of december 31 , 2017 , $ 57.5 million as of december 31 , 2016 and $ 59.2 million as of december 31 , 2015 . the company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes . during 2017 , 2016 and 2015 the company released $ 0.9 million , $ 2.9 million and $ 1.4 million related to interest and penalties , respectively . the company had $ 9.3 million , $ 10.2 million and $ 13.1 million of accrued interest , including minor amounts for penalties , at december 31 , 2017 , 2016 , and 2015 , respectively. .
Question: what is the percentage change in the balance of gross liability for unrecognized tax benefits from 2015 to 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
no | Context:adobe systems incorporated notes to consolidated financial statements ( continued ) we review our goodwill for impairment annually , or more frequently , if facts and circumstances warrant a review . we completed our annual impairment test in the second quarter of fiscal 2014 . we elected to use the step 1 quantitative assessment for our reporting units and determined that there was no impairment of goodwill . there is no significant risk of material goodwill impairment in any of our reporting units , based upon the results of our annual goodwill impairment test . we amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists . we continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets , including our intangible assets may not be recoverable . when such events or changes in circumstances occur , we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows . if the future undiscounted cash flows are less than the carrying amount of these assets , we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets . we did not recognize any intangible asset impairment charges in fiscal 2014 , 2013 or 2012 . our intangible assets are amortized over their estimated useful lives of 1 to 14 years . amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent . the weighted average useful lives of our intangible assets were as follows : weighted average useful life ( years ) .
||weighted averageuseful life ( years )|
|purchased technology|6|
|customer contracts and relationships|10|
|trademarks|8|
|acquired rights to use technology|8|
|localization|1|
|other intangibles|3|
software development costs capitalization of software development costs for software to be sold , leased , or otherwise marketed begins upon the establishment of technological feasibility , which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate . amortization begins once the software is ready for its intended use , generally based on the pattern in which the economic benefits will be consumed . to date , software development costs incurred between completion of a working prototype and general availability of the related product have not been material . internal use software we capitalize costs associated with customized internal-use software systems that have reached the application development stage . such capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees , who are directly associated with the development of the applications . capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose . income taxes we use the asset and liability method of accounting for income taxes . under this method , income tax expense is recognized for the amount of taxes payable or refundable for the current year . in addition , deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating losses and tax credit carryforwards . we record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not . taxes collected from customers we net taxes collected from customers against those remitted to government authorities in our financial statements . accordingly , taxes collected from customers are not reported as revenue. .
Question: is the weighted average useful life ( years ) greater for purchased technology than customer contracts and relationships? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3021.0 | Context:acquire operations and facilities from municipalities and other local governments , as they increasingly seek to raise capital and reduce risk . we realize synergies from consolidating businesses into our existing operations , whether through acquisitions or public-private partnerships , which allows us to reduce capital expenditures and expenses associated with truck routing , personnel , fleet maintenance , inventories and back-office administration . operating model the goal of our operating model pillar is to deliver a consistent , high-quality service to all of our customers through the republic way : one way . everywhere . every day . this approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence . the republic way is the key to harnessing the best of what we do as operators and translating that across all facets of our business . a key enabler of the republic way is our organizational structure that fosters a high performance culture by maintaining 360-degree accountability and full profit and loss responsibility with local management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way . fleet automation approximately 75% ( 75 % ) of our residential routes have been converted to automated single-driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 19% ( 19 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is the most prudent approach to realizing the full value of our previous fleet investments . approximately 30% ( 30 % ) of our replacement vehicle purchases during 2017 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront capital costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2017 , we operated 37 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the seventh largest vocational fleet in the united states . as of december 31 , 2017 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7200|7.5|
|small-container|4600|7.1|
|large-container|4100|8.8|
|total|15900|7.7|
.
Question: what is the approximately number of vehicles that were converted to compressed natural gas | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1699.5 | Context:general market conditions affecting trust asset performance , future discount rates based on average yields of high quality corporate bonds and our decisions regarding certain elective provisions of the we currently project that we will make total u.s . and foreign benefit plan contributions in 2014 of approximately $ 57 million . actual 2014 contributions could be different from our current projections , as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities , future changes in government requirements , trust asset performance , renewals of union contracts , or higher-than-expected health care claims cost experience . we measure cash flow as net cash provided by operating activities reduced by expenditures for property additions . we use this non-gaap financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment , dividend distributions , acquisition opportunities , and share repurchases . our cash flow metric is reconciled to the most comparable gaap measure , as follows: .
|( dollars in millions )|2013|2012|2011|
|net cash provided by operating activities|$ 1807|$ 1758|$ 1595|
|additions to properties|-637 ( 637 )|-533 ( 533 )|-594 ( 594 )|
|cash flow|$ 1170|$ 1225|$ 1001|
|year-over-year change|( 4.5 ) % ( % )|22.4% ( 22.4 % )||
year-over-year change ( 4.5 ) % ( % ) 22.4% ( 22.4 % ) the decrease in cash flow ( as defined ) in 2013 compared to 2012 was due primarily to higher capital expenditures . the increase in cash flow in 2012 compared to 2011 was driven by improved performance in working capital resulting from the one-time benefit derived from the pringles acquisition , as well as changes in the level of capital expenditures during the three-year period . investing activities our net cash used in investing activities for 2013 amounted to $ 641 million , a decrease of $ 2604 million compared with 2012 primarily attributable to the $ 2668 million acquisition of pringles in 2012 . capital spending in 2013 included investments in our supply chain infrastructure , and to support capacity requirements in certain markets , including pringles . in addition , we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our sap platform . net cash used in investing activities of $ 3245 million in 2012 increased by $ 2658 million compared with 2011 , due to the acquisition of pringles in 2012 . cash paid for additions to properties as a percentage of net sales has increased to 4.3% ( 4.3 % ) in 2013 , from 3.8% ( 3.8 % ) in 2012 , which was a decrease from 4.5% ( 4.5 % ) in financing activities our net cash used by financing activities was $ 1141 million for 2013 , compared to net cash provided by financing activities of $ 1317 million for 2012 and net cash used in financing activities of $ 957 million for 2011 . the increase in cash provided from financing activities in 2012 compared to 2013 and 2011 , was primarily due to the issuance of debt related to the acquisition of pringles . total debt was $ 7.4 billion at year-end 2013 and $ 7.9 billion at year-end 2012 . in february 2013 , we issued $ 250 million of two-year floating-rate u.s . dollar notes , and $ 400 million of ten-year 2.75% ( 2.75 % ) u.s . dollar notes , resulting in aggregate net proceeds after debt discount of $ 645 million . the proceeds from these notes were used for general corporate purposes , including , together with cash on hand , repayment of the $ 750 million aggregate principal amount of our 4.25% ( 4.25 % ) u.s . dollar notes due march 2013 . in may 2012 , we issued $ 350 million of three-year 1.125% ( 1.125 % ) u.s . dollar notes , $ 400 million of five-year 1.75% ( 1.75 % ) u.s . dollar notes and $ 700 million of ten-year 3.125% ( 3.125 % ) u.s . dollar notes , resulting in aggregate net proceeds after debt discount of $ 1.442 billion . the proceeds of these notes were used for general corporate purposes , including financing a portion of the acquisition of pringles . in may 2012 , we issued cdn . $ 300 million of two-year 2.10% ( 2.10 % ) fixed rate canadian dollar notes , using the proceeds from these notes for general corporate purposes , which included repayment of intercompany debt . this repayment resulted in cash available to be used for a portion of the acquisition of pringles . in december 2012 , we repaid $ 750 million five-year 5.125% ( 5.125 % ) u.s . dollar notes at maturity with commercial paper . in april 2011 , we repaid $ 945 million ten-year 6.60% ( 6.60 % ) u.s . dollar notes at maturity with commercial paper . in may 2011 , we issued $ 400 million of seven-year 3.25% ( 3.25 % ) fixed rate u.s . dollar notes , using the proceeds of $ 397 million for general corporate purposes and repayment of commercial paper . in november 2011 , we issued $ 500 million of five-year 1.875% ( 1.875 % ) fixed rate u . s . dollar notes , using the proceeds of $ 498 million for general corporate purposes and repayment of commercial paper. .
Question: what was the average cash flow from 2011 to 2013 in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.18269 | Context:fortron industries llc . fortron is a leading global producer of pps , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha america inc . cellulose derivatives strategic ventures . our cellulose derivatives ventures generally fund their operations using operating cash flow and pay dividends based on each ventures' performance in the preceding year . in 2014 , 2013 and 2012 , we received cash dividends of $ 115 million , $ 92 million and $ 83 million , respectively . although our ownership interest in each of our cellulose derivatives ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states of america ( "us gaap" ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2014 ( in percentages ) .
||as of december 31 2014 ( in percentages )|
|infraserv gmbh & co . gendorf kg|39|
|infraserv gmbh & co . hoechst kg|32|
|infraserv gmbh & co . knapsack kg|27|
research and development our businesses are innovation-oriented and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications . research and development expense was $ 86 million , $ 85 million and $ 104 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively . we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives . intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing . patents may cover processes , equipment , products , intermediate products and product uses . we also seek to register trademarks as a means of protecting the brand names of our company and products . patents . in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes . however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce . confidential information . we maintain stringent information security policies and procedures wherever we do business . such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training . trademarks . aoplus ae , aoplus ae2 , aoplus ae3 , ateva ae , avicor ae , britecoat ae , celanese ae , celanex ae , celcon ae , celfx 2122 , celstran ae , celvolit ae , clarifoil ae , duroset ae , ecovae ae , factor ae , fortron ae , gur ae , hostaform ae , impet ae , mowilith ae , nutrinova ae , qorus 2122 , riteflex ae , sunett ae , tcx 2122 , thermx ae , tufcor ae , vantage ae , vantageplus 2122 , vantage ae2 , vectra ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese . the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese . fortron ae is a registered trademark of fortron industries llc. .
Question: what is the growth rate in research and development expenses from 2012 to 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.30282 | Context:d u k e r e a l t y c o r p o r a t i o n 1 6 2 0 0 2 a n n u a l r e p o r t management 2019s discussion and analysis of financial conditionand results of operations the indenture governing the company 2019s unsecured notes also requires the company to comply with financial ratios and other covenants regarding the operations of the company . the company is currently in compliance with all such covenants and expects to remain in compliance in the foreseeable future . in january 2003 , the company completed an issuance of unsecured debt totaling $ 175 million bearing interest at 5.25% ( 5.25 % ) , due 2010 . sale of real estate assets the company utilizes sales of real estate assets as an additional source of liquidity . during 2000 and 2001 , the company engaged in a capital-recycling program that resulted in sales of over $ 1 billion of real estate assets during these two years . in 2002 , this program was substantially reduced as capital needs were met through other sources and the slower business climate provided few opportunities to profitably reinvest sales proceeds . the company continues to pursue opportunities to sell real estate assets when beneficial to the long-term strategy of the company . uses of liquidity the company 2019s principal uses of liquidity include the following : 2022 property investments and recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 the company 2019s common stock repurchase program . property investments and other capital expenditures one of the company 2019s principal uses of its liquidity is for the development , acquisition and recurring leasing/capital expendi- tures of its real estate investments . a summary of the company 2019s recurring capital expenditures is as follows ( in thousands ) : dividends and distributions in order to qualify as a reit for federal income tax purposes , the company must currently distribute at least 90% ( 90 % ) of its taxable income to its shareholders and duke realty limited partnership ( 201cdrlp 201d ) unitholders . the company paid dividends of $ 1.81 , $ 1.76 and $ 1.64 for the years ended december 31 , 2002 , 2001 and 2000 , respectively . the company expects to continue to distribute taxable earnings to meet the requirements to maintain its reit status . however , distributions are declared at the discretion of the company 2019s board of directors and are subject to actual cash available for distribution , the company 2019s financial condition , capital requirements and such other factors as the company 2019s board of directors deems relevant . debt maturities debt outstanding at december 31 , 2002 , totaled $ 2.1 billion with a weighted average interest rate of 6.25% ( 6.25 % ) maturing at various dates through 2028 . the company had $ 1.8 billion of unsecured debt and $ 299.1 million of secured debt outstanding at december 31 , 2002 . scheduled principal amortization of such debt totaled $ 10.9 million for the year ended december 31 , 2002 . following is a summary of the scheduled future amortization and maturities of the company 2019s indebtedness at december 31 , 2002 ( in thousands ) : .
||2002|2001|2000|
|tenant improvements|$ 28011|$ 18416|$ 31955|
|leasing costs|17975|13845|17530|
|building improvements|13373|10873|6804|
|totals|$ 59359|$ 43134|$ 56289|
.
Question: in 2002 what was the percent of the company total future amortization and maturities of indebtedness associated with leasing costs | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.9 | Context:the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 . at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
|( in millions )|year|
|2011|$ 7.2|
|2012|8.2|
|2013|8.6|
|2014|9.5|
|2015|10.0|
|2016-2020|62.8|
savings plans . cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s . employees are participants and have the option to contribute to this plan . cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary . in addition , certain cme london-based employees are eligible to participate in a defined contribution plan . for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements . salary and cash bonuses paid are included in the definition of earnings . aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively . cme non-qualified plans . cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf . although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively . although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits . all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans . total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively . deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . nymexmembers 2019 retirement plan and benefits . nymex maintained a retirement and benefit plan under the commodities exchange , inc . ( comex ) members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 . at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
Question: what was the sum of total expense for the supplemental plan from 2008 to 2010 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.2109 | Context:american tower corporation and subsidiaries notes to consolidated financial statements recognizing customer revenue , the company must assess the collectability of both the amounts billed and the portion recognized on a straight-line basis . this assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectability of the amounts billed . to the extent the amounts , based on management 2019s estimates , may not be collectible , recognition is deferred until such point as the uncertainty is resolved . any amounts which were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense . accounts receivable are reported net of allowances for doubtful accounts related to estimated losses resulting from a customer 2019s inability to make required payments and reserves for amounts invoiced whose collectability is not reasonably assured . these allowances are generally estimated based on payment patterns , days past due and collection history , and incorporate changes in economic conditions that may not be reflected in historical trends , such as customers in bankruptcy , liquidation or reorganization . receivables are written-off against the allowances when they are determined uncollectible . such determination includes analysis and consideration of the particular conditions of the account . changes in the allowances were as follows for the years ended december 31 , ( in thousands ) : .
||2010|2009|2008|
|balance as of january 1,|$ 28520|$ 11482|$ 8850|
|current year increases|16219|26771|12059|
|recoveries and other|-22234 ( 22234 )|-9733 ( 9733 )|-9427 ( 9427 )|
|balance as of december 31,|$ 22505|$ 28520|$ 11482|
the company 2019s largest international customer is iusacell , which is the brand name under which a group of companies controlled by grupo iusacell , s.a . de c.v . ( 201cgrupo iusacell 201d ) operates . iusacell represented approximately 4% ( 4 % ) of the company 2019s total revenue for the year ended december 31 , 2010 . grupo iusacell has been engaged in a refinancing of a majority of its u.s . dollar denominated debt , and in connection with this process , two of the legal entities of the group , including grupo iusacell , voluntarily filed for a pre-packaged concurso mercantil ( a process substantially equivalent to chapter 11 of u.s . bankruptcy law ) with the backing of a majority of their financial creditors in december 2010 . as of december 31 , 2010 , iusacell notes receivable , net , and related assets ( which include financing lease commitments and a deferred rent asset that are primarily long-term in nature ) were $ 19.7 million and $ 51.2 million , respectively . functional currency 2014as a result of changes to the organizational structure of the company 2019s subsidiaries in latin america in 2010 , the company determined that effective january 1 , 2010 , the functional currency of its foreign subsidiary in brazil is the brazilian real . from that point forward , all assets and liabilities held by the subsidiary in brazil are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional currency from u.s . dollars to brazilian real gave rise to an increase in the net value of certain non-monetary assets and liabilities . the aggregate impact on such assets and liabilities was $ 39.8 million with an offsetting increase in accumulated other comprehensive income ( loss ) . as a result of the renegotiation of the company 2019s agreements with its largest international customer , iusacell , which included , among other changes , converting all of iusacell 2019s contractual obligations to the company from u.s . dollars to mexican pesos , the company has determined that effective april 1 , 2010 , the functional currency of certain of its foreign subsidiaries in mexico is the mexican peso . from that point forward , all assets and liabilities held by those subsidiaries in mexico are translated into u.s . dollars at the exchange rate in effect at the end of the applicable reporting period . revenues and expenses are translated at the average monthly exchange rates and the cumulative translation effect is included in stockholders 2019 equity . the change in functional .
Question: what is the percentage change in the balance of allowances from 2009 to 2010? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.58772 | Context:russia and europe . average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand . in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s . dollar . input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs . planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 . manufacturing and other operating costs were favorable . entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe . average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia . input costs should be lower for oil and wood , partially offset by higher chemicals costs . indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 . operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 . average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 . sales volumes were flat , reflecting weak economic conditions . input costs were higher , primarily for wood . operating costs and planned maintenance downtime costs were lower in 2014 . looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher . average sales price realizations are expected to decrease due to competitive pressures . asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 . operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 . u.s . pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 . operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 . sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand . average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher . input costs for wood and energy were higher . operating costs were lower , but planned maintenance downtime costs were $ 1 million higher . compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp . average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve . input costs should be flat . planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 . operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 . excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 . benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) . in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging .
|in millions|2014|2013|2012|
|sales|$ 3403|$ 3435|$ 3170|
|operating profit|178|161|268|
north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 . operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) . coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand . the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 . average sales price realizations increased year- .
Question: what percentage where north american consumer packaging net sales of consumer packaging sales in 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.23028 | Context:112 / sl green realty corp . 2017 annual report 20 . commitments and contingencies legal proceedings as of december a031 , 2017 , the company and the operating partnership were not involved in any material litigation nor , to management 2019s knowledge , was any material litigation threat- ened against us or our portfolio which if adversely determined could have a material adverse impact on us . environmental matters our management believes that the properties are in compliance in all material respects with applicable federal , state and local ordinances and regulations regarding environmental issues . management is not aware of any environmental liability that it believes would have a materially adverse impact on our financial position , results of operations or cash flows . management is unaware of any instances in which it would incur significant envi- ronmental cost if any of our properties were sold . employment agreements we have entered into employment agreements with certain exec- utives , which expire between december a02018 and february a02020 . the minimum cash-based compensation , including base sal- ary and guaranteed bonus payments , associated with these employment agreements total $ 5.4 a0million for 2018 . in addition these employment agreements provide for deferred compen- sation awards based on our stock price and which were valued at $ 1.6 a0million on the grant date . the value of these awards may change based on fluctuations in our stock price . insurance we maintain 201call-risk 201d property and rental value coverage ( includ- ing coverage regarding the perils of flood , earthquake and terrorism , excluding nuclear , biological , chemical , and radiological terrorism ( 201cnbcr 201d ) ) , within three property insurance programs and liability insurance . separate property and liability coverage may be purchased on a stand-alone basis for certain assets , such as the development of one vanderbilt . additionally , our captive insurance company , belmont insurance company , or belmont , pro- vides coverage for nbcr terrorist acts above a specified trigger , although if belmont is required to pay a claim under our insur- ance policies , we would ultimately record the loss to the extent of belmont 2019s required payment . however , there is no assurance that in the future we will be able to procure coverage at a reasonable cost . further , if we experience losses that are uninsured or that exceed policy limits , we could lose the capital invested in the damaged properties as well as the anticipated future cash flows from those plan trustees adopted a rehabilitation plan consistent with this requirement . no surcharges have been paid to the pension plan as of december a031 , 2017 . for the pension plan years ended june a030 , 2017 , 2016 , and 2015 , the plan received contributions from employers totaling $ 257.8 a0million , $ 249.5 a0million , and $ 221.9 a0million . our contributions to the pension plan represent less than 5.0% ( 5.0 % ) of total contributions to the plan . the health plan was established under the terms of collective bargaining agreements between the union , the realty advisory board on labor relations , inc . and certain other employees . the health plan provides health and other benefits to eligible participants employed in the building service industry who are covered under collective bargaining agreements , or other writ- ten agreements , with the union . the health plan is administered by a board of trustees with equal representation by the employ- ers and the union and operates under employer identification number a013-2928869 . the health plan receives contributions in accordance with collective bargaining agreements or participa- tion agreements . generally , these agreements provide that the employers contribute to the health plan at a fixed rate on behalf of each covered employee . for the health plan years ended , june a030 , 2017 , 2016 , and 2015 , the plan received contributions from employers totaling $ 1.3 a0billion , $ 1.2 a0billion and $ 1.1 a0billion , respectively . our contributions to the health plan represent less than 5.0% ( 5.0 % ) of total contributions to the plan . contributions we made to the multi-employer plans for the years ended december a031 , 2017 , 2016 and 2015 are included in the table below ( in thousands ) : .
|benefit plan|2017|2016|2015|
|pension plan|$ 3856|$ 3979|$ 2732|
|health plan|11426|11530|8736|
|other plans|1463|1583|5716|
|total plan contributions|$ 16745|$ 17092|$ 17184|
401 ( k ) plan in august a01997 , we implemented a 401 ( k ) a0savings/retirement plan , or the 401 ( k ) a0plan , to cover eligible employees of ours , and any designated affiliate . the 401 ( k ) a0plan permits eligible employees to defer up to 15% ( 15 % ) of their annual compensation , subject to certain limitations imposed by the code . the employees 2019 elective deferrals are immediately vested and non-forfeitable upon contribution to the 401 ( k ) a0plan . during a02003 , we amended our 401 ( k ) a0plan to pro- vide for discretionary matching contributions only . for 2017 , 2016 and 2015 , a matching contribution equal to 50% ( 50 % ) of the first 6% ( 6 % ) of annual compensation was made . for the year ended december a031 , 2017 , we made a matching contribution of $ 728782 . for the years ended december a031 , 2016 and 2015 , we made matching contribu- tions of $ 566000 and $ 550000 , respectively. .
Question: in 2017 what was the percent of the total plan contributions we made to the multi-employer plans that was for pension | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-73.0 | Context:we recorded liabilities for certain litigation settlements in prior periods . total liabilities for litigation settlements changed from december 31 , 2006 , as follows : ( in millions ) .
|balance as of december 31 2006|$ 477|
|provision for litigation settlements ( note 20 )|3|
|interest accretion on u.s . merchant lawsuit|38|
|payments|-114 ( 114 )|
|balance as of december 31 2007|$ 404|
|provision for discover settlement|863|
|provision for american express settlement|1649|
|provision for other litigation settlements|6|
|interest accretion on u.s . merchant lawsuit|33|
|interest accretion on american express settlement|44|
|payments on american express settlement|-300 ( 300 )|
|payments on discover settlement|-863 ( 863 )|
|payment on u.s . merchant lawsuit|-100 ( 100 )|
|other payments and accretion|-1 ( 1 )|
|balance as of december 31 2008|$ 1736|
* note that table may not sum due to rounding . contribution expense 2014foundation in may 2006 , in conjunction with our initial public offering ( 201cipo 201d ) , we issued 13496933 shares of our class a common stock as a donation to the foundation that is incorporated in canada and controlled by directors who are independent of us and our customers . the foundation builds on mastercard 2019s existing charitable giving commitments by continuing to support programs and initiatives that help children and youth to access education , understand and utilize technology , and develop the skills necessary to succeed in a diverse and global work force . the vision of the foundation is to make the economy work for everybody by advancing innovative programs in areas of microfinance and youth education . in connection with the donation of the class a common stock , we recorded an expense of $ 395 million which was equal to the aggregate value of the shares we donated . in both 2007 and 2006 , we recorded expenses of $ 20 million for cash donations we made to the foundation , completing our intention , announced at the time of the ipo , to donate approximately $ 40 million in cash to the foundation in support of its operating expenses and charitable disbursements for the first four years of its operations . we may make additional cash contributions to the foundation in the future . the cash and stock donations to the foundation are generally not deductible by mastercard for tax purposes . as a result of this difference between the financial statement and tax treatments of the donations , our effective income tax rate for the year ended december 31 , 2006 is significantly higher than our effective income tax rates for 2007 and 2008 . depreciation and amortization depreciation and amortization expenses increased $ 14 million in 2008 and decreased $ 2 million in 2007 . the increase in depreciation and amortization expense in 2008 is primarily due to increased investments in leasehold and building improvements , data center equipment and capitalized software . the decrease in depreciation and amortization expense in 2007 was primarily related to certain assets becoming fully depreciated . depreciation and amortization will increase as we continue to invest in leasehold and building improvements , data center equipment and capitalized software. .
Question: what is the net change in the balance of total liabilities for litigation settlements during 2007? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.09875 | Context:management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. .
|$ in millions|year ended december 2014|year ended december 2013|year ended december 2012|
|fixed income currency and commodities client execution|$ 8461|$ 8651|$ 9914|
|equities client execution1|2079|2594|3171|
|commissions and fees|3153|3103|3053|
|securities services|1504|1373|1986|
|total equities|6736|7070|8210|
|total net revenues|15197|15721|18124|
|operating expenses|10880|11792|12490|
|pre-tax earnings|$ 4317|$ 3929|$ 5634|
1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the percentage change in pre-tax earnings for the institutional client services segment between 2013 and 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.31401 | Context:international networks international networks generated revenues of $ 3.0 billion and adjusted oibda of $ 848 million during 2016 , which represented 47% ( 47 % ) and 35% ( 35 % ) of our total consolidated revenues and adjusted oibda , respectively . our international networks segment principally consists of national and pan-regional television networks and brands that are delivered across multiple distribution platforms . this segment generates revenue from operations in virtually every pay-tv market in the world through an infrastructure that includes operational centers in london , warsaw , milan , singapore and miami . global brands include discovery channel , animal planet , tlc , id , science channel and turbo ( known as velocity in the u.s. ) , along with brands exclusive to international networks , including eurosport , real time , dmax and discovery kids . as of december 31 , 2016 , international networks operated over 400 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities . international networks also has fta and broadcast networks in europe and the middle east and broadcast networks in germany , norway and sweden , and continues to pursue further international expansion . fta networks generate a significant portion of international networks' revenue . the penetration and growth rates of television services vary across countries and territories depending on numerous factors including the dominance of different television platforms in local markets . while pay-tv services have greater penetration in certain markets , fta or broadcast television is dominant in others . international networks has a large international distribution platform for its 37 networks , with as many as 13 networks distributed in any particular country or territory across the more than 220 countries and territories around the world . international networks pursues distribution across all television platforms based on the specific dynamics of local markets and relevant commercial agreements . in addition to the global networks described in the overview section above , we operate networks internationally that utilize the following brands : 2022 eurosport is the leading sports entertainment provider across europe with the following tv brands : eurosport , eurosport 2 and eurosportnews , reaching viewers across europe and asia , as well as eurosport digital , which includes eurosport player and eurosport.com . 2022 viewing subscribers reached by each brand as of december 31 , 2016 were as follows : eurosport : 133 million ; eurosport 2 : 65 million ; and eurosportnews : 9 million . 2022 eurosport telecasts live sporting events with both local and pan-regional appeal and its events focus on winter sports , cycling and tennis , including the tour de france and it is the home of grand slam tennis with all four tournaments . important local sports rights include bundesliga and motogp . in addition , eurosport has increasingly invested in more exclusive and localized rights to drive local audience and commercial relevance . 2022 we have acquired the exclusive broadcast rights across all media platforms throughout europe for the four olympic games between 2018 and 2024 for 20ac1.3 billion ( $ 1.5 billion as of december 31 , 2016 ) . the broadcast rights exclude france for the olympic games in 2018 and 2020 , and exclude russia . in addition to fta broadcasts for the olympic games , many of these events are set to air on eurosport's pay-tv and digital platforms . 2022 on november 2 , 2016 , we announced a long-term agreement and joint venture partnership with bamtech ( "mlbam" ) a technology services and video streaming company , and subsidiary of major league baseball's digital business , that includes the formation of bamtech europe , a joint venture that will provide digital technology services to a broad set of both sports and entertainment clients across europe . 2022 as of december 31 , 2016 , dmax reached approximately 103 million viewers through fta networks , according to internal estimates . 2022 dmax is a men 2019s factual entertainment channel in asia and europe . 2022 discovery kids reached approximately 121 million viewers , according to internal estimates , as of december 31 , 2016 . 2022 discovery kids is a leading children's network in latin america and asia . our international networks segment also owns and operates the following regional television networks , which reached the following number of subscribers and viewers via pay and fta or broadcast networks , respectively , as of december 31 , 2016 : television service international subscribers/viewers ( millions ) .
||television service|internationalsubscribers/viewers ( millions )|
|quest|fta|77|
|nordic broadcast networks ( a )|broadcast|35|
|giallo|fta|25|
|frisbee|fta|25|
|focus|fta|25|
|k2|fta|25|
|deejay tv|fta|25|
|discovery hd world|pay|24|
|shed|pay|12|
|discovery history|pay|10|
|discovery world|pay|6|
|discovery en espanol ( u.s. )|pay|6|
|discovery familia ( u.s. )|pay|6|
( a ) number of subscribers corresponds to the sum of the subscribers to each of the nordic broadcast networks in sweden , norway , finland and denmark subject to retransmission agreements with pay-tv providers . the nordic broadcast networks include kanal 5 , kanal 9 , and kanal 11 in sweden , tv norge , max , fem and vox in norway , tv 5 , kutonen , and frii in finland , and kanal 4 , kanal 5 , 6'eren , and canal 9 in denmark . similar to u.s . networks , a significant source of revenue for international networks relates to fees charged to operators who distribute our linear networks . such operators primarily include cable and dth satellite service providers . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in some markets results in long-term contractual distribution relationships , while customers in other markets renew contracts annually . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the distributor agreements , and the market demand for the content that we provide . the other significant source of revenue for international networks relates to advertising sold on our television networks and across distribution platforms , similar to u.s . networks . advertising revenue is dependent upon a number of factors , including the development of pay and fta television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over a portfolio of channels on multiple platforms . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . in developing television markets , advertising revenue growth results from continued subscriber growth , our localization strategy , and the shift of advertising spending from traditional broadcast networks to channels .
Question: what percentage of eurosport viewing subscribers reached were due to eurosport 2 network? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
49.0 | Context:notes to consolidated financial statements ( continued ) note 3 2014financial instruments ( continued ) accounts receivable trade receivables the company distributes its products through third-party distributors and resellers and directly to certain education , consumer , and commercial customers . the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk . in addition , when possible , the company does attempt to limit credit risk on trade receivables with credit insurance for certain customers in latin america , europe , asia , and australia and by arranging with third- party financing companies to provide flooring arrangements and other loan and lease programs to the company 2019s direct customers . these credit-financing arrangements are directly between the third-party financing company and the end customer . as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements . however , considerable trade receivables that are not covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . no customer accounted for more than 10% ( 10 % ) of trade receivables as of september 30 , 2006 or september 24 , 2005 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 30 , september 24 , september 25 .
||september 30 2006|september 24 2005|september 25 2004|
|beginning allowance balance|$ 46|$ 47|$ 49|
|charged to costs and expenses|17|8|3|
|deductions ( a )|-11 ( 11 )|-9 ( 9 )|-5 ( 5 )|
|ending allowance balance|$ 52|$ 46|$ 47|
( a ) represents amounts written off against the allowance , net of recoveries . vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company . the company purchases these raw material components directly from suppliers . these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 1.6 billion and $ 417 million as of september 30 , 2006 and september 24 , 2005 , respectively . the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales . derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange risk . foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales . from time to time , the company enters into interest rate derivative agreements to modify the interest rate profile of certain investments and debt . the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments . the company records all derivatives on the balance sheet at fair value. .
Question: what was the greatest beginning allowance balance , in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
102.0 | Context:marathon oil corporation notes to consolidated financial statements 7 . dispositions outside-operated norwegian properties 2013 on october 31 , 2008 , we closed the sale of our norwegian outside-operated properties and undeveloped offshore acreage in the heimdal area of the norwegian north sea for net proceeds of $ 301 million , with a pretax gain of $ 254 million as of december 31 , 2008 . pilot travel centers 2013 on october 8 , 2008 , we completed the sale of our 50 percent ownership interest in ptc . sale proceeds were $ 625 million , with a pretax gain on the sale of $ 126 million . immediately preceding the sale , we received a $ 75 million partial redemption of our ownership interest from ptc that was accounted for as a return of investment . operated irish properties 2013 on december 17 , 2008 , we agreed to sell our operated properties located in ireland for proceeds of $ 180 million , before post-closing adjustments and cash on hand at closing . closing is subject to completion of the necessary administrative processes . as of december 31 , 2008 , operating assets and liabilities were classified as held for sale , as disclosed by major class in the following table : ( in millions ) 2008 .
|( in millions )|2008|
|current assets|$ 164|
|noncurrent assets|103|
|total assets|267|
|current liabilities|62|
|noncurrent liabilities|199|
|total liabilities|261|
|net assets held for sale|$ 6|
8 . discontinued operations on june 2 , 2006 , we sold our russian oil exploration and production businesses in the khanty-mansiysk region of western siberia . under the terms of the agreement , we received $ 787 million for these businesses , plus preliminary working capital and other closing adjustments of $ 56 million , for a total transaction value of $ 843 million . proceeds net of transaction costs and cash held by the russian businesses at the transaction date totaled $ 832 million . a gain on the sale of $ 243 million ( $ 342 million before income taxes ) was reported in discontinued operations for 2006 . income taxes on this gain were reduced by the utilization of a capital loss carryforward . exploration and production segment goodwill of $ 21 million was allocated to the russian assets and reduced the reported gain . adjustments to the sales price were completed in 2007 and an additional gain on the sale of $ 8 million ( $ 13 million before income taxes ) was recognized . the activities of the russian businesses have been reported as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for 2006 . revenues applicable to discontinued operations were $ 173 million and pretax income from discontinued operations was $ 45 million for 2006. .
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0.03231 | Context:positions and collateral of the defaulting firm at each respective clearing organization , and taking into account any cross-margining loss sharing payments , any of the participating clearing organizations has a remaining liquidating surplus , and any other participating clearing organization has a remaining liquidating deficit , any additional surplus from the liquidation would be shared with the other clearing house to the extent that it has a remaining liquidating deficit . any remaining surplus funds would be passed to the bankruptcy trustee . mf global bankruptcy trust . the company provided a $ 550.0 million financial guarantee to the bankruptcy trustee of mf global to accelerate the distribution of funds to mf global customers . in the event that the trustee distributed more property in the second or third interim distributions than was permitted by the bankruptcy code and cftc regulations , the company will make a cash payment to the trustee for the amount of the erroneous distribution or distributions up to $ 550.0 million in the aggregate . a payment will only be made after the trustee makes reasonable efforts to collect the property erroneously distributed to the customer ( s ) . if a payment is made by the company , the company may have the right to seek reimbursement of the erroneously distributed property from the applicable customer ( s ) . the guarantee does not cover distributions made by the trustee to customers on the basis of their claims filed in the bankruptcy . because the trustee has now made payments to nearly all customers on the basis of their claims , the company believes that the likelihood of payment to the trustee is very remote . as a result , the guarantee liability is estimated to be immaterial at december 31 , 2012 . family farmer and rancher protection fund . in april 2012 , the company established the family farmer and rancher protection fund ( the fund ) . the fund is designed to provide payments , up to certain maximum levels , to family farmers , ranchers and other agricultural industry participants who use cme group agricultural products and who suffer losses to their segregated account balances due to their cme clearing member becoming insolvent . under the terms of the fund , farmers and ranchers are eligible for up to $ 25000 per participant . farming and ranching cooperatives are eligible for up to $ 100000 per cooperative . the fund has an aggregate maximum payment amount of $ 100.0 million . if payments to participants were to exceed this amount , payments would be pro-rated . clearing members and customers must register in advance with the company and provide certain documentation in order to substantiate their eligibility . peregrine financial group , inc . ( pfg ) filed for bankruptcy protection on july 10 , 2012 . pfg was not one of cme 2019s clearing members and its customers had not registered for the fund . accordingly , they were not technically eligible for payments from the fund . however , because the fund was newly implemented and because pfg 2019s customers included many agricultural industry participants for whom the program was designed , the company decided to waive certain terms and conditions of the fund , solely in connection with the pfg bankruptcy , so that otherwise eligible family farmers , ranchers and agricultural cooperatives could apply for and receive benefits from cme . based on the number of such pfg customers who applied and the estimated size of their claims , the company has recorded a liability in the amount of $ 2.1 million at december 31 , 2012 . 16 . redeemable non-controlling interest the following summarizes the changes in redeemable non-controlling interest for the years presented . non- controlling interests that do not contain redemption features are presented in the statements of equity. .
|( in millions )|2012|2011|2010|
|balance at january 1|$ 70.3|$ 68.1|$ 2014|
|contribution by dow jones|2014|2014|675.0|
|distribution to dow jones|2014|2014|-607.5 ( 607.5 )|
|allocation of stock-based compensation|2014|0.1|2014|
|total comprehensive income attributable to redeemable non-controlling interest|10.5|2.1|0.6|
|balance at december 31|$ 80.8|$ 70.3|$ 68.1|
contribution by dow jones . . . . . . . . . . . 2014 2014 675.0 distribution to dow jones . . . . . . . . . . . 2014 2014 ( 607.5 ) allocation of stock- compensation . . . . 2014 0.1 2014 total comprehensive income attributable to redeemable non- controlling interest . . . . . . . . . . 10.5 2.1 0.6 balance at december 31 . . . . . . . . . $ 80.8 $ 70.3 $ 68.1 .
Question: what is the percentage change in the balance of non-controlling interests from 2010 to 2011? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.84717 | Context:the company consolidates the assets and liabilities of several entities from which it leases office buildings and corporate aircraft . these entities have been determined to be variable interest entities and the company has been determined to be the primary beneficiary of these entities . due to the consolidation of these entities , the company reflects in its balance sheet : property , plant and equipment of $ 156 million and $ 183 million , other assets of $ 14 million and $ 12 million , long-term debt of $ 150 million ( including current maturities of $ 6 million ) and $ 192 million ( including current maturities of $ 8 million ) , minority interest liabilities of $ 22 million and $ 6 million , and other accrued liabilities of $ 1 million and $ 0 , as of may 27 , 2007 and may 28 , 2006 , respectively . the liabilities recognized as a result of consolidating these entities do not represent additional claims on the general assets of the company . the creditors of these entities have claims only on the assets of the specific variable interest entities . obligations and commitments as part of its ongoing operations , the company enters into arrangements that obligate the company to make future payments under contracts such as debt agreements , lease agreements , and unconditional purchase obligations ( i.e. , obligations to transfer funds in the future for fixed or minimum quantities of goods or services at fixed or minimum prices , such as 201ctake-or-pay 201d contracts ) . the unconditional purchase obligation arrangements are entered into by the company in its normal course of business in order to ensure adequate levels of sourced product are available to the company . capital lease and debt obligations , which totaled $ 3.6 billion at may 27 , 2007 , are currently recognized as liabilities in the company 2019s consolidated balance sheet . operating lease obligations and unconditional purchase obligations , which totaled $ 645 million at may 27 , 2007 , are not recognized as liabilities in the company 2019s consolidated balance sheet , in accordance with generally accepted accounting principles . a summary of the company 2019s contractual obligations at the end of fiscal 2007 is as follows ( including obligations of discontinued operations ) : .
|( $ in millions ) contractual obligations|( $ in millions ) total|( $ in millions ) less than 1 year|( $ in millions ) 1-3 years|( $ in millions ) 3-5 years|after 5 years|
|long-term debt|$ 3575.4|$ 18.2|$ 48.5|$ 1226.9|$ 2281.8|
|lease obligations|456.6|79.4|137.3|92.4|147.5|
|purchase obligations|188.4|57.5|69.0|59.0|2.9|
|total|$ 4220.4|$ 155.1|$ 254.8|$ 1378.3|$ 2432.2|
the company 2019s total obligations of approximately $ 4.2 billion reflect a decrease of approximately $ 237 million from the company 2019s 2006 fiscal year-end . the decrease was due primarily to a reduction of lease obligations in connection with the sale of the packaged meats operations . the company is also contractually obligated to pay interest on its long-term debt obligations . the weighted average interest rate of the long-term debt obligations outstanding as of may 27 , 2007 was approximately 7.2%. .
Question: what percentage of the total contractual obligations at the end of fiscal 2007 are comprised of long-term debt? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.41493 | Context:synopsys , inc . notes to consolidated financial statements 2014 ( continued ) and other electronic applications markets . the company believes the acquisition will expand its technology portfolio , channel reach and total addressable market by adding complementary products and expertise for fpga solutions and rapid asic prototyping . purchase price . synopsys paid $ 8.00 per share for all outstanding shares including certain vested options of synplicity for an aggregate cash payment of $ 223.3 million . additionally , synopsys assumed certain employee stock options and restricted stock units , collectively called 201cstock awards . 201d the total purchase consideration consisted of: .
||( in thousands )|
|cash paid net of cash acquired|$ 180618|
|fair value of assumed vested or earned stock awards|4169|
|acquisition related costs|8016|
|total purchase price consideration|$ 192803|
acquisition related costs consist primarily of professional services , severance and employee related costs and facilities closure costs of which $ 6.8 million have been paid as of october 31 , 2009 . fair value of stock awards assumed . an aggregate of 4.7 million shares of synplicity stock options and restricted stock units were exchanged for synopsys stock options and restricted stock units at an exchange ratio of 0.3392 per share . the fair value of stock options assumed was determined using a black-scholes valuation model . the fair value of stock awards vested or earned of $ 4.2 million was included as part of the purchase price . the fair value of unvested awards of $ 5.0 million will be recorded as operating expense over the remaining service periods on a straight-line basis . purchase price allocation . the company allocated $ 80.0 million of the purchase price to identifiable intangible assets to be amortized over two to seven years . in-process research and development expense related to these acquisitions was $ 4.8 million . goodwill , representing the excess of the purchase price over the fair value of tangible and identifiable intangible assets acquired , was $ 120.3 million and will not be amortized . goodwill primarily resulted from the company 2019s expectation of cost synergies and sales growth from the integration of synplicity 2019s technology with the company 2019s technology and operations to provide an expansion of products and market reach . fiscal 2007 acquisitions during fiscal year 2007 , the company completed certain purchase acquisitions for cash . the company allocated the total purchase considerations of $ 54.8 million ( which included acquisition related costs of $ 1.4 million ) to the assets and liabilities acquired , including identifiable intangible assets , based on their respective fair values at the acquisition dates , resulting in aggregate goodwill of $ 36.6 million . acquired identifiable intangible assets of $ 14.3 million are being amortized over two to nine years . in-process research and development expense related to these acquisitions was $ 3.2 million. .
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0.1637 | Context:operating income ( loss ) by segment is summarized below: .
|( in thousands )|year ended december 31 , 2016|year ended december 31 , 2015|year ended december 31 , $ change|year ended december 31 , % ( % ) change|
|north america|$ 408424|$ 460961|$ -52537 ( 52537 )|( 11.4 ) % ( % )|
|emea|11420|3122|8298|265.8|
|asia-pacific|68338|36358|31980|88.0|
|latin america|-33891 ( 33891 )|-30593 ( 30593 )|-3298 ( 3298 )|10.8|
|connected fitness|-36820 ( 36820 )|-61301 ( 61301 )|24481|39.9|
|total operating income|$ 417471|$ 408547|$ 8924|2.2% ( 2.2 % )|
the increase in total operating income was driven by the following : 2022 operating income in our north america operating segment decreased $ 52.5 million to $ 408.4 million in 2016 from $ 461.0 million in 2015 primarily due to decreases in gross margin discussed above in the consolidated results of operations and $ 17.0 million in expenses related to the liquidation of the sports authority , comprised of $ 15.2 million in bad debt expense and $ 1.8 million of in-store fixture impairment . in addition , this decrease reflects the movement of $ 11.1 million in expenses resulting from a strategic shift in headcount supporting our global business from our connected fitness operating segment to north america . this decrease is partially offset by the increases in revenue discussed above in the consolidated results of operations . 2022 operating income in our emea operating segment increased $ 8.3 million to $ 11.4 million in 2016 from $ 3.1 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation . this increase was offset by investments in sports marketing and infrastructure for future growth . 2022 operating income in our asia-pacific operating segment increased $ 31.9 million to $ 68.3 million in 2016 from $ 36.4 million in 2015 primarily due to sales growth discussed above and reductions in incentive compensation . this increase was offset by investments in our direct-to-consumer business and entry into new territories . 2022 operating loss in our latin america operating segment increased $ 3.3 million to $ 33.9 million in 2016 from $ 30.6 million in 2015 primarily due to increased investments to support growth in the region and the economic challenges in brazil during the period . this increase in operating loss was offset by sales growth discussed above and reductions in incentive compensation . 2022 operating loss in our connected fitness segment decreased $ 24.5 million to $ 36.8 million in 2016 from $ 61.3 million in 2015 primarily driven by sales growth discussed above . seasonality historically , we have recognized a majority of our net revenues and a significant portion of our income from operations in the last two quarters of the year , driven primarily by increased sales volume of our products during the fall selling season , including our higher priced cold weather products , along with a larger proportion of higher margin direct to consumer sales . the level of our working capital generally reflects the seasonality and growth in our business . we generally expect inventory , accounts payable and certain accrued expenses to be higher in the second and third quarters in preparation for the fall selling season. .
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0.07768 | Context:part ii on november 1 , 2011 , we entered into a committed credit facility agreement with a syndicate of banks which provides for up to $ 1 billion of borrowings with the option to increase borrowings to $ 1.5 billion with lender approval . following an extension agreement on september 17 , 2013 between the company and the syndicate of banks , the facility matures november 1 , 2017 , with a one-year extension option exercisable through october 31 , 2014 . no amounts were outstanding under this facility as of may 31 , 2014 or 2013 . we currently have long-term debt ratings of aa- and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . if our long- term debt rating were to decline , the facility fee and interest rate under our committed credit facility would increase . conversely , if our long-term debt rating were to improve , the facility fee and interest rate would decrease . changes in our long-term debt rating would not trigger acceleration of maturity of any then-outstanding borrowings or any future borrowings under the committed credit facility . under this committed revolving credit facility , we have agreed to various covenants . these covenants include limits on our disposal of fixed assets , the amount of debt secured by liens we may incur , as well as a minimum capitalization ratio . in the event we were to have any borrowings outstanding under this facility and failed to meet any covenant , and were unable to obtain a waiver from a majority of the banks in the syndicate , any borrowings would become immediately due and payable . as of may 31 , 2014 , we were in full compliance with each of these covenants and believe it is unlikely we will fail to meet any of these covenants in the foreseeable future . liquidity is also provided by our $ 1 billion commercial paper program . during the year ended may 31 , 2014 , we did not issue commercial paper , and as of may 31 , 2014 , there were no outstanding borrowings under this program . we may continue to issue commercial paper or other debt securities during fiscal 2015 depending on general corporate needs . we currently have short-term debt ratings of a1+ and p1 from standard and poor 2019s corporation and moody 2019s investor services , respectively . as of may 31 , 2014 , we had cash , cash equivalents , and short-term investments totaling $ 5.1 billion , of which $ 2.5 billion was held by our foreign subsidiaries . cash equivalents and short-term investments consist primarily of deposits held at major banks , money market funds , commercial paper , corporate notes , u.s . treasury obligations , u.s . government sponsored enterprise obligations , and other investment grade fixed income securities . our fixed income investments are exposed to both credit and interest rate risk . all of our investments are investment grade to minimize our credit risk . while individual securities have varying durations , as of may 31 , 2014 the average duration of our short-term investments and cash equivalents portfolio was 126 days . to date we have not experienced difficulty accessing the credit markets or incurred higher interest costs . future volatility in the capital markets , however , may increase costs associated with issuing commercial paper or other debt instruments or affect our ability to access those markets . we believe that existing cash , cash equivalents , short-term investments , and cash generated by operations , together with access to external sources of funds as described above , will be sufficient to meet our domestic and foreign capital needs in the foreseeable future . we utilize a variety of tax planning and financing strategies to manage our worldwide cash and deploy funds to locations where they are needed . we routinely repatriate a portion of our foreign earnings for which u.s . taxes have previously been provided . we also indefinitely reinvest a significant portion of our foreign earnings , and our current plans do not demonstrate a need to repatriate these earnings . should we require additional capital in the united states , we may elect to repatriate indefinitely reinvested foreign funds or raise capital in the united states through debt . if we were to repatriate indefinitely reinvested foreign funds , we would be required to accrue and pay additional u.s . taxes less applicable foreign tax credits . if we elect to raise capital in the united states through debt , we would incur additional interest expense . off-balance sheet arrangements in connection with various contracts and agreements , we routinely provide indemnification relating to the enforceability of intellectual property rights , coverage for legal issues that arise and other items where we are acting as the guarantor . currently , we have several such agreements in place . however , based on our historical experience and the estimated probability of future loss , we have determined that the fair value of such indemnification is not material to our financial position or results of operations . contractual obligations our significant long-term contractual obligations as of may 31 , 2014 and significant endorsement contracts entered into through the date of this report are as follows: .
|description of commitment ( in millions )|description of commitment 2015|description of commitment 2016|description of commitment 2017|description of commitment 2018|description of commitment 2019|description of commitment thereafter|total|
|operating leases|$ 427|$ 399|$ 366|$ 311|$ 251|$ 1050|$ 2804|
|capital leases|36|35|1|1|1|2014|74|
|long-term debt ( 1 )|46|145|79|56|37|1488|1851|
|endorsement contracts ( 2 )|991|787|672|524|349|1381|4704|
|product purchase obligations ( 3 )|3688|2014|2014|2014|2014|2014|3688|
|other ( 4 )|309|108|78|7|3|12|517|
|total|$ 5497|$ 1474|$ 1196|$ 899|$ 641|$ 3931|$ 13638|
( 1 ) the cash payments due for long-term debt include estimated interest payments . estimates of interest payments are based on outstanding principal amounts , applicable fixed interest rates or currently effective interest rates as of may 31 , 2014 ( if variable ) , timing of scheduled payments , and the term of the debt obligations . ( 2 ) the amounts listed for endorsement contracts represent approximate amounts of base compensation and minimum guaranteed royalty fees we are obligated to pay athlete and sport team endorsers of our products . actual payments under some contracts may be higher than the amounts listed as these contracts provide for bonuses to be paid to the endorsers based upon athletic achievements and/or royalties on product sales in future periods . actual payments under some contracts may also be lower as these contracts include provisions for reduced payments if athletic performance declines in future periods . in addition to the cash payments , we are obligated to furnish our endorsers with nike product for their use . it is not possible to determine how much we will spend on this product on an annual basis as the contracts generally do not stipulate a specific amount of cash to be spent on the product . the amount of product provided to the endorsers will depend on many factors , including general playing conditions , the number of sporting events in which they participate , and our own decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source , and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . ( 3 ) we generally order product at least four to five months in advance of sale based primarily on futures orders received from customers . the amounts listed for product purchase obligations represent agreements ( including open purchase orders ) to purchase products in the ordinary course of business that are enforceable and legally binding and that specify all significant terms . in some cases , prices are subject to change throughout the production process . the reported amounts exclude product purchase liabilities included in accounts payable on the consolidated balance sheet as of may 31 , 2014 . ( 4 ) other amounts primarily include service and marketing commitments made in the ordinary course of business . the amounts represent the minimum payments required by legally binding contracts and agreements that specify all significant terms , including open purchase orders for non-product purchases . the reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of may 31 , 2014 . nike , inc . 2014 annual report and notice of annual meeting 79 .
Question: what percentage of the total for 2015 were due to to operating leases? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.62791 | Context:organizational structure a key enabler of the republic way operating model is our organizational structure that fosters a high performance culture by maintaining 360-degree accountability and full profit and loss responsibility with local management , supported by a functional structure to provide subject matter expertise . this structure allows us to take advantage of our scale by coordinating functionally across all of our markets , while empowering local management to respond to unique market dynamics . our senior management evaluates , oversees and manages the financial performance of our operations through two field groups , referred to as group 1 and group 2 . group 1 primarily consists of geographic areas located in the western united states , and group 2 primarily consists of geographic areas located in the southeastern and mid-western united states , and the eastern seaboard of the united states . each field group is organized into several areas and each area contains multiple business units or operating locations . each of our field groups and all of our areas provide collection , transfer , recycling and landfill services . see note 14 , segment reporting , to our consolidated financial statements in item 8 of this form 10-k for further discussion of our operating segments . through this operating model , we have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in an efficient and environmentally sound way . fleet automation approximately 75% ( 75 % ) of our residential routes have been converted to automated single-driver trucks . by converting our residential routes to automated service , we reduce labor costs , improve driver productivity , decrease emissions and create a safer work environment for our employees . additionally , communities using automated vehicles have higher participation rates in recycling programs , thereby complementing our initiative to expand our recycling capabilities . fleet conversion to compressed natural gas ( cng ) approximately 20% ( 20 % ) of our fleet operates on natural gas . we expect to continue our gradual fleet conversion to cng as part of our ordinary annual fleet replacement process . we believe a gradual fleet conversion is the most prudent approach to realizing the full value of our previous fleet investments . approximately 13% ( 13 % ) of our replacement vehicle purchases during 2018 were cng vehicles . we believe using cng vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment . although upfront capital costs are higher , using cng reduces our overall fleet operating costs through lower fuel expenses . as of december 31 , 2018 , we operated 37 cng fueling stations . standardized maintenance based on an industry trade publication , we operate the seventh largest vocational fleet in the united states . as of december 31 , 2018 , our average fleet age in years , by line of business , was as follows : approximate number of vehicles approximate average age .
||approximate number of vehicles|approximate average age|
|residential|7000|7.5|
|small-container|4700|7.0|
|large-container|4300|8.8|
|total|16000|7.7|
onefleet , our standardized vehicle maintenance program , enables us to use best practices for fleet management , truck care and maintenance . through standardization of core functions , we believe we can minimize variability .
Question: what is the ratio of the number of vehicles for the residential line of business to large-container | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.98484 | Context:jpmorgan chase & co./2017 annual report 39 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2012 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2012 2013 2014 2015 2016 2017 .
|december 31 ( in dollars )|2012|2013|2014|2015|2016|2017|
|jpmorgan chase|$ 100.00|$ 136.71|$ 150.22|$ 162.79|$ 219.06|$ 277.62|
|kbw bank index|100.00|137.76|150.66|151.39|194.55|230.72|
|s&p financial index|100.00|135.59|156.17|153.72|188.69|230.47|
|s&p 500 index|100.00|132.37|150.48|152.55|170.78|208.05|
december 31 , ( in dollars ) 201720162015201420132012 .
Question: based on the review of the simultaneous investments of the jpmorgan chase common stock in various indices what was the ratio of the performance of the kbw bank index to the s&p financial index | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-38.0 | Context:movement in exit cost liabilities the movement in exit cost liabilities for pmi was as follows : ( in millions ) .
|liability balance january 1 2014|$ 308|
|charges net|391|
|cash spent|-360 ( 360 )|
|currency/other|-69 ( 69 )|
|liability balance december 31 2014|$ 270|
|charges net|68|
|cash spent|-232 ( 232 )|
|currency/other|-52 ( 52 )|
|liability balance december 31 2015|$ 54|
cash payments related to exit costs at pmi were $ 232 million , $ 360 million and $ 21 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . future cash payments for exit costs incurred to date are expected to be approximately $ 54 million , and will be substantially paid by the end of 2017 . the pre-tax asset impairment and exit costs shown above are primarily a result of the following : the netherlands on april 4 , 2014 , pmi announced the initiation by its affiliate , philip morris holland b.v . ( 201cpmh 201d ) , of consultations with employee representatives on a proposal to discontinue cigarette production at its factory located in bergen op zoom , the netherlands . pmh reached an agreement with the trade unions and their members on a social plan and ceased cigarette production on september 1 , 2014 . during 2014 , total pre-tax asset impairment and exit costs of $ 489 million were recorded for this program in the european union segment . this amount includes employee separation costs of $ 343 million , asset impairment costs of $ 139 million and other separation costs of $ 7 million . separation program charges pmi recorded other pre-tax separation program charges of $ 68 million , $ 41 million and $ 51 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . the 2015 other pre-tax separation program charges primarily related to severance costs for the organizational restructuring in the european union segment . the 2014 other pre-tax separation program charges primarily related to severance costs for factory closures in australia and canada and the restructuring of the u.s . leaf purchasing model . the 2013 pre-tax separation program charges primarily related to the restructuring of global and regional functions based in switzerland and australia . contract termination charges during 2013 , pmi recorded exit costs of $ 258 million related to the termination of distribution agreements in eastern europe , middle east & africa ( due to a new business model in egypt ) and asia . asset impairment charges during 2014 , pmi recorded other pre-tax asset impairment charges of $ 5 million related to a factory closure in canada. .
Question: what is the change in liability balance during 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
93.0 | Context:simulations assume that as assets and liabilities mature , they are replaced or repriced at then current market rates . we also consider forward projections of purchase accounting accretion when forecasting net interest income . the following graph presents the libor/swap yield curves for the base rate scenario and each of the alternate scenarios one year forward . table 52 : alternate interest rate scenarios : one year forward base rates pnc economist market forward slope flattening 2y 3y 5y 10y the fourth quarter 2013 interest sensitivity analyses indicate that our consolidated balance sheet is positioned to benefit from an increase in interest rates and an upward sloping interest rate yield curve . we believe that we have the deposit funding base and balance sheet flexibility to adjust , where appropriate and permissible , to changing interest rates and market conditions . market risk management 2013 customer-related trading risk we engage in fixed income securities , derivatives and foreign exchange transactions to support our customers 2019 investing and hedging activities . these transactions , related hedges and the credit valuation adjustment ( cva ) related to our customer derivatives portfolio are marked-to-market on a daily basis and reported as customer-related trading activities . we do not engage in proprietary trading of these products . we use value-at-risk ( var ) as the primary means to measure and monitor market risk in customer-related trading activities . we calculate a diversified var at a 95% ( 95 % ) confidence interval . var is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors . a diversified var reflects empirical correlations across different asset classes . during 2013 , our 95% ( 95 % ) var ranged between $ 1.7 million and $ 5.5 million , averaging $ 3.5 million . during 2012 , our 95% ( 95 % ) var ranged between $ 1.1 million and $ 5.3 million , averaging $ 3.2 million . to help ensure the integrity of the models used to calculate var for each portfolio and enterprise-wide , we use a process known as backtesting . the backtesting process consists of comparing actual observations of gains or losses against the var levels that were calculated at the close of the prior day . this assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability . our customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses , and may reduce the number of instances of actual losses exceeding the prior day var measure . there was one such instance during 2013 under our diversified var measure where actual losses exceeded the prior day var measure . in comparison , there were two such instances during 2012 . we use a 500 day look back period for backtesting and include customer-related revenue . the following graph shows a comparison of enterprise-wide gains and losses against prior day diversified var for the period indicated . table 53 : enterprise-wide gains/losses versus value-at- 12/31/12 1/31/13 2/28/13 3/31/13 4/30/13 5/31/13 6/30/13 7/31/13 8/31/13 9/30/13 10/31/13 11/30/13 12/31/13 total customer-related trading revenue was as follows : table 54 : customer-related trading revenue year ended december 31 in millions 2013 2012 .
|year ended december 31in millions|2013|2012|
|net interest income|$ 31|$ 38|
|noninterest income|286|272|
|total customer-related trading revenue|$ 317|$ 310|
|securities underwriting and trading ( a )|$ 78|$ 100|
|foreign exchange|94|92|
|financial derivatives and other|145|118|
|total customer-related trading revenue|$ 317|$ 310|
( a ) includes changes in fair value for certain loans accounted for at fair value . customer-related trading revenues for 2013 increased $ 7 million compared with 2012 . the increase primarily resulted from the impact of higher market interest rates on credit valuations for customer-related derivatives activities and improved debt underwriting results which were partially offset by reduced client sales revenue . the pnc financial services group , inc . 2013 form 10-k 93 .
Question: for 2012 and 2013 , what was average foreign exchange income in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
9462396.0 | Context:security ownership of 5% ( 5 % ) holders , directors , nominees and executive officers shares of common stock percent of common stock name of beneficial owner beneficially owned ( 1 ) outstanding .
|name of beneficial owner|shares of common stock beneficially owned ( 1 )||percent of common stock outstanding|
|fidelity investments|56583870|-2 ( 2 )|6.49% ( 6.49 % )|
|steven p . jobs|5546451||*|
|william v . campbell|112900|-3 ( 3 )|*|
|timothy d . cook|13327|-4 ( 4 )|*|
|millard s . drexler|230000|-5 ( 5 )|*|
|tony fadell|288702|-6 ( 6 )|*|
|albert a . gore jr .|70000|-7 ( 7 )|*|
|ronald b . johnson|1450620|-8 ( 8 )|*|
|arthur d . levinson|365015|-9 ( 9 )|*|
|peter oppenheimer|14873|-10 ( 10 )|*|
|eric e . schmidt|12284|-11 ( 11 )|*|
|jerome b . york|90000|-12 ( 12 )|*|
|all current executive officers and directors as a group ( 14 persons )|8352396|-13 ( 13 )|1.00% ( 1.00 % )|
all current executive officers and directors as a group ( 14 persons ) 8352396 ( 13 ) 1.00% ( 1.00 % ) ( 1 ) represents shares of the company 2019s common stock held and options held by such individuals that were exercisable at the table date or within 60 days thereafter . this does not include options or restricted stock units that vest more than 60 days after the table date . ( 2 ) based on a form 13g/a filed february 14 , 2007 by fmr corp . fmr corp . lists its address as 82 devonshire street , boston , ma 02109 , in such filing . ( 3 ) includes 110000 shares of the company 2019s common stock that mr . campbell has the right to acquire by exercise of stock options . ( 4 ) excludes 600000 unvested restricted stock units . ( 5 ) includes 40000 shares of the company 2019s common stock that mr . drexler holds indirectly and 190000 shares of the company 2019s common stock that mr . drexler has the right to acquire by exercise of stock options . ( 6 ) includes 275 shares of the company 2019s common stock that mr . fadell holds indirectly , 165875 shares of the company 2019s common stock that mr . fadell has the right to acquire by exercise of stock options within 60 days after the table date , 1157 shares of the company 2019s common stock held by mr . fadell 2019s spouse , and 117375 shares of the company 2019s common stock that mr . fadell 2019s spouse has the right to acquire by exercise of stock options within 60 days after the table date . excludes 210000 unvested restricted stock units held by mr . fadell and 40000 unvested restricted stock units held by mr . fadell 2019s spouse . ( 7 ) consists of 70000 shares of the company 2019s common stock that mr . gore has the right to acquire by exercise of stock options . ( 8 ) includes 1300000 shares of the company 2019s common stock that mr . johnson has the right to acquire by exercise of stock options and excludes 450000 unvested restricted stock units . ( 9 ) includes 2000 shares of the company 2019s common stock held by dr . levinson 2019s spouse and 110000 shares of the company 2019s common stock that dr . levinson has the right to acquire by exercise of stock options . ( 10 ) excludes 450000 unvested restricted stock units. .
Question: if rsus vest , what would be the total share ownership be for all current executive officers and directors? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1.01 | Context:comparison of cumulative return among lkq corporation , the nasdaq stock market ( u.s. ) index and the peer group .
||12/31/2007|12/31/2008|12/31/2009|12/31/2010|12/31/2011|12/31/2012|
|lkq corporation|$ 100|$ 55|$ 93|$ 108|$ 143|$ 201|
|nasdaq stock market ( u.s. ) index|$ 100|$ 59|$ 86|$ 100|$ 98|$ 114|
|peer group|$ 100|$ 83|$ 100|$ 139|$ 187|$ 210|
this stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to rule 14a , shall not be deemed "filed" for purposes of section 18 of the securities exchange act of 1934 or otherwise subject to the liabilities of that section , and shall not be deemed incorporated by reference in any filing under the securities act of 1933 or the securities exchange act of 1934 , whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing , except to the extent that it specifically incorporates the information by reference . information about our common stock that may be issued under our equity compensation plans as of december 31 , 2012 included in part iii , item 12 of this annual report on form 10-k is incorporated herein by reference. .
Question: what was the percentage of cumulative return for lkq corporation for the five years ended 12/31/2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.237 | Context:part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( nyse ) for the years 2004 and 2003. .
|2004|high|low|
|quarter ended march 31|$ 13.12|$ 9.89|
|quarter ended june 30|16.00|11.13|
|quarter ended september 30|15.85|13.10|
|quarter ended december 31|18.75|15.19|
|2003|high|low|
|quarter ended march 31|$ 5.94|$ 3.55|
|quarter ended june 30|9.90|5.41|
|quarter ended september 30|11.74|8.73|
|quarter ended december 31|12.00|9.59|
on march 18 , 2005 , the closing price of our class a common stock was $ 18.79 per share as reported on the as of march 18 , 2005 , we had 230604932 outstanding shares of class a common stock and 743 registered holders . in february 2004 , all outstanding shares of our class b common stock were converted into shares of our class a common stock on a one-for-one basis pursuant to the occurrence of the 201cdodge conversion event 201d as defined in our charter . our charter prohibits the future issuance of shares of class b common stock . also in february 2004 , all outstanding shares of class c common stock were converted into shares of class a common stock on a one-for-one basis . our charter permits the issuance of shares of class c common stock in the future . the information under 201csecurities authorized for issuance under equity compensation plans 201d from the definitive proxy statement is hereby incorporated by reference into item 12 of this annual report . dividends we have never paid a dividend on any class of common stock . we anticipate that we may retain future earnings , if any , to fund the development and growth of our business . the indentures governing our 93 20448% ( 20448 % ) senior notes due 2009 , our 7.50% ( 7.50 % ) senior notes due 2012 , and our 7.125% ( 7.125 % ) senior notes due 2012 prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants . our borrower subsidiaries are generally prohibited under the terms of the credit facility , subject to certain exceptions , from making to us any direct or indirect distribution , dividend or other payment on account of their limited liability company interests , partnership interests , capital stock or other equity interests , except that , if no default exists or would be created thereby under the credit facility , our borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the credit facility within certain specified amounts and , in addition , may pay cash dividends or make other distributions to us in respect of our outstanding indebtedness and permitted future indebtedness . the indentures governing the 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and the 7.25% ( 7.25 % ) senior subordinated notes due 2011 of american towers , inc . ( ati ) , our principal operating subsidiary , prohibit ati and certain of our other subsidiaries that have guaranteed those notes ( sister guarantors ) from paying dividends and making other payments or distributions to us unless certain .
Question: what is the growth rate in the price of shares from the lowest value during the quarter ended december 31 , 2004 and the closing price on march 18 , 2005? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3.0 | Context:accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change .
|october 31 2006|october 31 2005|dollar change|% ( % ) change|
|( dollars in millions )|( dollars in millions )|||
|$ 122.6|$ 100.2|$ 22.4|22% ( 22 % )|
the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 . days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 . our accounts receivable and dso are primarily driven by our billing and collections activities . net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet . as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 . the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt . this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million . other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries . the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 . the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility . the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants . the facility terminates on october 20 , 2011 . borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant . in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant . as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants . we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what was the change in dso between 2005 and 2006? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
6.28 | Context:the company expects to amortize $ 1.7 million of actuarial loss from accumulated other comprehensive income ( loss ) into net periodic benefit costs in 2011 . at december 31 , 2010 , anticipated benefit payments from the plan in future years are as follows: .
|( in millions )|year|
|2011|$ 7.2|
|2012|8.2|
|2013|8.6|
|2014|9.5|
|2015|10.0|
|2016-2020|62.8|
savings plans . cme maintains a defined contribution savings plan pursuant to section 401 ( k ) of the internal revenue code , whereby all u.s . employees are participants and have the option to contribute to this plan . cme matches employee contributions up to 3% ( 3 % ) of the employee 2019s base salary and may make additional discretionary contributions of up to 2% ( 2 % ) of base salary . in addition , certain cme london-based employees are eligible to participate in a defined contribution plan . for cme london-based employees , the plan provides for company contributions of 10% ( 10 % ) of earnings and does not have any vesting requirements . salary and cash bonuses paid are included in the definition of earnings . aggregate expense for all of the defined contribution savings plans amounted to $ 6.3 million , $ 5.2 million and $ 5.8 million in 2010 , 2009 and 2008 , respectively . cme non-qualified plans . cme maintains non-qualified plans , under which participants may make assumed investment choices with respect to amounts contributed on their behalf . although not required to do so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 28.8 million and $ 23.4 million at december 31 , 2010 and 2009 , respectively . although the value of the plans is recorded as an asset in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan 2014cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . all cme employees hired prior to january 1 , 2007 are immediately vested in their supplemental plan benefits . all cme employees hired on or after january 1 , 2007 are subject to the vesting requirements of the underlying qualified plans . total expense for the supplemental plan was $ 0.9 million , $ 0.7 million and $ 1.3 million for 2010 , 2009 and 2008 , respectively . deferred compensation plan 2014a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . nymexmembers 2019 retirement plan and benefits . nymex maintained a retirement and benefit plan under the commodities exchange , inc . ( comex ) members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.4 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 , 2009 and for the period august 23 through december 31 , 2008 . at december 31 , 2010 and 2009 , the total obligation for the mrrp totaled $ 20.7 million and $ 20.5 million .
Question: at december 31 , 2010 , what was the ratio of the anticipated benefit payments from the plan in future for 2015 to 2016-2020 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.11422 | Context:the company endeavors to actively engage with every insured account posing significant potential asbestos exposure to mt . mckinley . such engagement can take the form of pursuing a final settlement , negotiation , litigation , or the monitoring of claim activity under settlement in place ( 201csip 201d ) agreements . sip agreements generally condition an insurer 2019s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer 2019s payments . the company 2019s mt . mckinley operation is currently managing four sip agreements , one of which was executed prior to the acquisition of mt . mckinley in 2000 . the company 2019s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments , because such settlements eliminate future uncertainty . the company has significantly enhanced its classification of insureds by exposure characteristics over time , as well as its analysis by insured for those it considers to be more exposed or active . those insureds identified as relatively less exposed or active are subject to less rigorous , but still active management , with an emphasis on monitoring those characteristics , which may indicate an increasing exposure or levels of activity . the company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders . everest re 2019s book of assumed a&e reinsurance is relatively concentrated within a limited number of contracts and for a limited period , from 1974 to 1984 . because the book of business is relatively concentrated and the company has been managing the a&e exposures for many years , its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities . the company 2019s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies . this level of familiarity enhances the quality of the company 2019s analysis of its exposure through those companies . as a result , the company believes that it can identify those claims on which it has unusual exposure , such as non-products asbestos claims , for concentrated attention . however , in setting reserves for its reinsurance liabilities , the company relies on claims data supplied , both formally and informally by its ceding companies and brokers . this furnished information is not always timely or accurate and can impact the accuracy and timeliness of the company 2019s ultimate loss projections . the following table summarizes the composition of the company 2019s total reserves for a&e losses , gross and net of reinsurance , for the periods indicated: .
|( dollars in millions )|years ended december 31 , 2012|years ended december 31 , 2011|years ended december 31 , 2010|
|case reserves reported by ceding companies|$ 138.4|$ 145.6|$ 135.4|
|additional case reserves established by the company ( assumed reinsurance ) ( 1 )|90.6|102.9|116.1|
|case reserves established by the company ( direct insurance )|36.7|40.6|38.9|
|incurred but not reported reserves|177.1|210.9|264.4|
|gross reserves|442.8|499.9|554.8|
|reinsurance receivable|-17.1 ( 17.1 )|-19.8 ( 19.8 )|-21.9 ( 21.9 )|
|net reserves|$ 425.7|$ 480.2|$ 532.9|
( 1 ) additional reserves are case specific reserves established by the company in excess of those reported by the ceding company , based on the company 2019s assessment of the covered loss . ( some amounts may not reconcile due to rounding. ) additional losses , including those relating to latent injuries and other exposures , which are as yet unrecognized , the type or magnitude of which cannot be foreseen by either the company or the industry , may emerge in the future . such future emergence could have material adverse effects on the company 2019s future financial condition , results of operations and cash flows. .
Question: what is the percentage change in gross reserves from 2011 to 2012? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
35.4 | Context:liquidity and capital resources the major components of changes in cash flows for 2016 , 2015 and 2014 are discussed in the following paragraphs . the following table summarizes our cash flow from operating activities , investing activities and financing activities for the years ended december 31 , 2016 , 2015 and 2014 ( in millions of dollars ) : .
||2016|2015|2014|
|net cash provided by operating activities|$ 1847.8|$ 1679.7|$ 1529.8|
|net cash used in investing activities|-961.2 ( 961.2 )|-1482.8 ( 1482.8 )|-959.8 ( 959.8 )|
|net cash used in financing activities|-851.2 ( 851.2 )|-239.7 ( 239.7 )|-708.1 ( 708.1 )|
cash flows provided by operating activities the most significant items affecting the comparison of our operating cash flows for 2016 and 2015 are summarized below : changes in assets and liabilities , net of effects from business acquisitions and divestitures , decreased our cash flow from operations by $ 205.2 million in 2016 , compared to a decrease of $ 316.7 million in 2015 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 52.3 million during 2016 due to the timing of billings net of collections , compared to a $ 15.7 million increase in 2015 . as of december 31 , 2016 and 2015 , our days sales outstanding were 38.1 and 38.3 days , or 26.1 and 25.8 days net of deferred revenue , respectively . 2022 our accounts payable decreased $ 9.8 million during 2016 compared to an increase of $ 35.6 million during 2015 , due to the timing of payments . 2022 cash paid for capping , closure and post-closure obligations was $ 11.0 million lower during 2016 compared to 2015 . the decrease in cash paid for capping , closure , and post-closure obligations is primarily due to payments in 2015 related to a required capping event at one of our closed landfills . 2022 cash paid for remediation obligations was $ 13.2 million lower during 2016 compared to 2015 primarily due to the timing of obligations . in addition , cash paid for income taxes was approximately $ 265 million and $ 321 million for 2016 and 2015 , respectively . income taxes paid in 2016 and 2015 reflect the favorable tax depreciation provisions of the protecting americans from tax hikes act signed into law in december 2015 as well as the realization of certain tax credits . cash paid for interest was $ 330.2 million and $ 327.6 million for 2016 and 2015 , respectively . the most significant items affecting the comparison of our operating cash flows for 2015 and 2014 are summarized below : changes in assets and liabilities , net of effects of business acquisitions and divestitures , decreased our cash flow from operations by $ 316.7 million in 2015 , compared to a decrease of $ 295.6 million in 2014 , primarily as a result of the following : 2022 our accounts receivable , exclusive of the change in allowance for doubtful accounts and customer credits , increased $ 15.7 million during 2015 due to the timing of billings , net of collections , compared to a $ 54.3 million increase in 2014 . as of december 31 , 2015 and 2014 , our days sales outstanding were 38 days , or 26 and 25 days net of deferred revenue , respectively . 2022 our accounts payable increased $ 35.6 million and $ 3.3 million during 2015 and 2014 , respectively , due to the timing of payments as of december 31 , 2015. .
Question: what was the net change in cash in 2016 in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1248.71795 | Context:performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 31 , 2010 through october 25 , 2015 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 31 , 2010 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index *assumes $ 100 invested on 10/31/10 in stock or index , including reinvestment of dividends . indexes calculated on month-end basis . 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. .
||10/31/2010|10/30/2011|10/28/2012|10/27/2013|10/26/2014|10/25/2015|
|applied materials|100.00|104.54|90.88|155.43|188.13|150.26|
|s&p 500 index|100.00|108.09|124.52|158.36|185.71|195.37|
|rdg semiconductor composite index|100.00|110.04|104.07|136.15|172.41|170.40|
dividends during each of fiscal 2015 and 2014 , applied's board of directors declared four quarterly cash dividends of $ 0.10 per share . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share and one quarterly cash dividend of $ 0.09 per share . dividends paid during fiscal 2015 , 2014 and 2013 amounted to $ 487 million , $ 485 million and $ 456 million , respectively . applied currently anticipates that cash dividends will continue to be paid on a quarterly basis , although the declaration of any future cash dividend is at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination by the board of directors that cash dividends are in the best interests of applied 2019s stockholders . 104 136 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 10/25/15 applied materials , inc . s&p 500 rdg semiconductor composite .
Question: how many outstanding shares received dividends in 2013 , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
20.05 | Context:financial assurance we must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping , closure and post-closure costs , and related to our performance under certain collection , landfill and transfer station contracts . we satisfy these financial assurance requirements by providing surety bonds , letters of credit , or insurance policies ( financial assurance instruments ) , or trust deposits , which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets . the amount of the financial assurance requirements for capping , closure and post-closure costs is determined by applicable state environmental regulations . the financial assurance requirements for capping , closure and post-closure costs may be associated with a portion of the landfill or the entire landfill . generally , states require a third-party engineering specialist to determine the estimated capping , closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill . the amount of financial assurance required can , and generally will , differ from the obligation determined and recorded under u.s . gaap . the amount of the financial assurance requirements related to contract performance varies by contract . additionally , we must provide financial assurance for our insurance program and collateral for certain performance obligations . we do not expect a material increase in financial assurance requirements during 2018 , although the mix of financial assurance instruments may change . these financial assurance instruments are issued in the normal course of business and are not considered indebtedness . because we currently have no liability for the financial assurance instruments , they are not reflected in our consolidated balance sheets ; however , we record capping , closure and post-closure liabilities and insurance liabilities as they are incurred . off-balance sheet arrangements we have no off-balance sheet debt or similar obligations , other than operating leases and financial assurances , which are not classified as debt . we have no transactions or obligations with related parties that are not disclosed , consolidated into or reflected in our reported financial position or results of operations . we have not guaranteed any third-party debt . free cash flow we define free cash flow , which is not a measure determined in accordance with u.s . gaap , as cash provided by operating activities less purchases of property and equipment , plus proceeds from sales of property and equipment , as presented in our consolidated statements of cash flows . the following table calculates our free cash flow for the years ended december 31 , 2017 , 2016 and 2015 ( in millions of dollars ) : .
||2017|2016|2015|
|cash provided by operating activities|$ 1910.7|$ 1847.8|$ 1679.7|
|purchases of property and equipment|-989.8 ( 989.8 )|-927.8 ( 927.8 )|-945.6 ( 945.6 )|
|proceeds from sales of property and equipment|6.1|9.8|21.2|
|free cash flow|$ 927.0|$ 929.8|$ 755.3|
for a discussion of the changes in the components of free cash flow , see our discussion regarding cash flows provided by operating activities and cash flows used in investing activities contained elsewhere in this management 2019s discussion and analysis of financial condition and results of operations. .
Question: what is the average from the proceeds from sales of property and equipment from 2015 to 2017 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
470625.0 | Context:during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options . as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years . stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives . the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria . annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached . a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: .
||2013|2012|2011|
|balance at beginning of year|2804901|2912456|2728290|
|granted|192563|92729|185333|
|cancelled|-3267 ( 3267 )|-200284 ( 200284 )|-1167 ( 1167 )|
|balance at end of year|2994197|2804901|2912456|
|vested during the year|21074|408800|66299|
|compensation expense recorded|$ 6713155|$ 6930381|$ 17365401|
|weighted average fair value of restricted stock granted during the year|$ 17386949|$ 7023942|$ 21768084|
weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively . as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years . for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options . we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively . the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 . a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price . the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions . as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years . during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively . 2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp . 2010 notional unit long-term compensation program , or the 2010 long-term compensation plan . the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year . in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) . the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively . substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: how many restricted stocks grants were made in the three year period? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.48606 | Context:american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) from december 1 through may 31 of each year . during the 2008 , 2007 and 2006 offering periods employees purchased 55764 , 48886 and 53210 shares , respectively , at weighted average prices per share of $ 30.08 , $ 33.93 and $ 24.98 , respectively . the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock . the weighted average fair value for the espp shares purchased during 2008 , 2007 and 2006 were $ 7.89 , $ 9.09 and $ 6.79 , respectively . at december 31 , 2008 , 8.8 million shares remain reserved for future issuance under the plan . key assumptions used to apply this pricing model for the years ended december 31 , are as follows: .
||2008|2007|2006|
|range of risk free interest rates|1.99% ( 1.99 % ) 20143.28% ( 20143.28 % )|4.98% ( 4.98 % ) 20145.05% ( 20145.05 % )|5.01% ( 5.01 % ) 20145.17% ( 20145.17 % )|
|weighted average risk-free interest rate|2.58% ( 2.58 % )|5.02% ( 5.02 % )|5.08% ( 5.08 % )|
|expected life of the shares|6 months|6 months|6 months|
|range of expected volatility of underlying stock price|27.85% ( 27.85 % ) 201428.51% ( 201428.51 % )|27.53% ( 27.53 % ) 201428.74% ( 201428.74 % )|29.60% ( 29.60 % )|
|weighted average expected volatility of underlying stock price|28.51% ( 28.51 % )|28.22% ( 28.22 % )|29.60% ( 29.60 % )|
|expected annual dividends|n/a|n/a|n/a|
13 . stockholders 2019 equity warrants 2014in january 2003 , the company issued warrants to purchase approximately 11.4 million shares of its common stock in connection with an offering of 808000 units , each consisting of $ 1000 principal amount at maturity of ati 12.25% ( 12.25 % ) senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the company 2019s common stock . these warrants became exercisable on january 29 , 2006 at an exercise price of $ 0.01 per share . as these warrants expired on august 1 , 2008 , none were outstanding as of december 31 , in august 2005 , the company completed its merger with spectrasite , inc . and assumed outstanding warrants to purchase shares of spectrasite , inc . common stock . as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc . common stock at an exercise price of $ 32 per warrant . upon completion of the merger , each warrant to purchase shares of spectrasite , inc . common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc . common stock that would have been receivable under each assumed warrant prior to the merger . upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock . of these warrants , warrants to purchase approximately 1.8 million and 2.0 million shares of common stock remained outstanding as of december 31 , 2008 and 2007 , respectively . these warrants will expire on february 10 , 2010 . stock repurchase programs 2014during the year ended december 31 , 2008 , the company repurchased an aggregate of approximately 18.3 million shares of its common stock for an aggregate of $ 697.1 million , including commissions and fees , pursuant to its publicly announced stock repurchase programs , as described below. .
Question: what was the percentage change in the weighted average risk-free interest rate from 2007 to 2008 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
12.5 | Context:2018 emerson annual report | 51 as of september 30 , 2018 , 1874750 shares awarded primarily in 2016 were outstanding , contingent on the company achieving its performance objectives through 2018 . the objectives for these shares were met at the 97 percent level at the end of 2018 and 1818508 shares will be distributed in early 2019 . additionally , the rights to receive a maximum of 2261700 and 2375313 common shares were awarded in 2018 and 2017 , respectively , under the new performance shares program , and are outstanding and contingent upon the company achieving its performance objectives through 2020 and 2019 , respectively . incentive shares plans also include restricted stock awards which involve distribution of common stock to key management employees subject to cliff vesting at the end of service periods ranging from three to ten years . the fair value of restricted stock awards is determined based on the average of the high and low market prices of the company 2019s common stock on the date of grant , with compensation expense recognized ratably over the applicable service period . in 2018 , 310000 shares of restricted stock vested as a result of participants fulfilling the applicable service requirements . consequently , 167837 shares were issued while 142163 shares were withheld for income taxes in accordance with minimum withholding requirements . as of september 30 , 2018 , there were 1276200 shares of unvested restricted stock outstanding . the total fair value of shares distributed under incentive shares plans was $ 20 , $ 245 and $ 11 , respectively , in 2018 , 2017 and 2016 , of which $ 9 , $ 101 and $ 4 was paid in cash , primarily for tax withholding . as of september 30 , 2018 , 10.3 million shares remained available for award under incentive shares plans . changes in shares outstanding but not yet earned under incentive shares plans during the year ended september 30 , 2018 follow ( shares in thousands ; assumes 100 percent payout of unvested awards ) : average grant date shares fair value per share .
||shares|average grant datefair value per share|
|beginning of year|4999|$ 50.33|
|granted|2295|$ 63.79|
|earned/vested|-310 ( 310 )|$ 51.27|
|canceled|-86 ( 86 )|$ 56.53|
|end of year|6898|$ 54.69|
total compensation expense for stock options and incentive shares was $ 216 , $ 115 and $ 159 for 2018 , 2017 and 2016 , respectively , of which $ 5 and $ 14 was included in discontinued operations for 2017 and 2016 , respectively . the increase in expense for 2018 reflects an increase in the company 2019s stock price and progress toward achieving its performance objectives . the decrease in expense for 2017 reflects the impact of changes in the stock price . income tax benefits recognized in the income statement for these compensation arrangements during 2018 , 2017 and 2016 were $ 42 , $ 33 and $ 45 , respectively . as of september 30 , 2018 , total unrecognized compensation expense related to unvested shares awarded under these plans was $ 182 , which is expected to be recognized over a weighted-average period of 1.1 years . in addition to the employee stock option and incentive shares plans , in 2018 the company awarded 12228 shares of restricted stock and 2038 restricted stock units under the restricted stock plan for non-management directors . as of september 30 , 2018 , 159965 shares were available for issuance under this plan . ( 16 ) common and preferred stock at september 30 , 2018 , 37.0 million shares of common stock were reserved for issuance under the company 2019s stock-based compensation plans . during 2018 , 15.1 million common shares were purchased and 2.6 million treasury shares were reissued . in 2017 , 6.6 million common shares were purchased and 5.5 million treasury shares were reissued . at september 30 , 2018 and 2017 , the company had 5.4 million shares of $ 2.50 par value preferred stock authorized , with none issued. .
Question: during 2018 what was the net purchase of common shares in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.3118 | Context:operating lease agreements . included in these amounts was contingent rent expense of $ 3.6 million , $ 2.0 million and $ 0.6 million for the years ended december 31 , 2011 , 2010 and 2009 , respectively . the operating lease obligations included above do not include any contingent rent . sponsorships and other marketing commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products . these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments . the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 , 2011 : ( in thousands ) .
|2012|$ 52855|
|2013|46910|
|2014|42514|
|2015|22689|
|2016|3580|
|2017 and thereafter|966|
|total future minimum sponsorship and other marketing payments|$ 169514|
the amounts listed above are the minimum obligations required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . the company is , from time to time , involved in routine legal matters incidental to its business . the company believes that the ultimate resolution of any such current proceedings and claims will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . 9 . stockholders 2019 equity the company 2019s class a common stock and class b convertible common stock have an authorized number of shares of 100.0 million shares and 11.3 million shares , respectively , and each have a par value of $ 0.0003 1/3 per share . holders of class a common stock and class b convertible common stock have identical rights , including liquidation preferences , except that the holders of class a common stock are entitled to one vote per share and holders of class b convertible common stock are entitled to 10 votes per share on all matters submitted to a stockholder vote . class b convertible common stock may only be held by kevin plank .
Question: as of december 31 , 2012 what was the percent of the company 2019s future minimum payments under its sponsorship and other marketing agreements to the total | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.6 | Context:american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) market and lease the unused tower space on the broadcast towers ( the economic rights ) . tv azteca retains title to these towers and is responsible for their operation and maintenance . the company is entitled to 100% ( 100 % ) of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants . the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement . should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election . the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally . the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) . the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement . on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca . as of december 31 , 2007 and 2006 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required . a former executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 . as of december 31 , 2007 and 2006 , the company also had other long-term notes receivable outstanding of approximately $ 4.3 million and $ 11.0 million , respectively . 8 . derivative financial instruments the company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure was limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2007 and 2006 are with credit worthy institutions . as of december 31 , 2007 and 2006 , the carrying amounts of the company 2019s derivative financial instruments , along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and ( liabilities ) reflected in other long-term liabilities in the accompanying consolidated balance sheet , are as follows ( in thousands except percentages ) : as of december 31 , 2007 notional amount interest rate term carrying amount and fair value .
|as of december 31 2007|notional amount|interest rate|term|carrying amount and fair value|
|interest rate swap agreement|$ 150000|3.95% ( 3.95 % )|expiring in 2009|$ -369 ( 369 )|
|interest rate swap agreement|100000|4.08% ( 4.08 % )|expiring in 2010|-571 ( 571 )|
|total|$ 250000|||$ -940 ( 940 )|
.
Question: the 3.95% ( 3.95 % ) notional swap was how much of the total notional swap principle? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
118.0 | Context:to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures . we recognize compensation expense for stock options on a straight-line basis over the specified vesting period . at december 31 , 2012 and 2011 , options for 12759000 and 12337000 shares of common stock were exercisable at a weighted-average price of $ 90.86 and $ 106.08 , respectively . the total intrinsic value of options exercised during 2013 , 2012 and 2011 was $ 86 million , $ 37 million and $ 4 million , respectively . the total tax benefit recognized related to compensation expense on all share-based payment arrangements during 2013 , 2012 and 2011 was approximately $ 56 million , $ 37 million and $ 38 million , respectively . cash received from option exercises under all incentive plans for 2013 , 2012 and 2011 was approximately $ 208 million , $ 118 million and $ 41 million , respectively . the tax benefit realized from option exercises under all incentive plans for 2013 , 2012 and 2011 was approximately $ 31 million , $ 14 million and $ 1 million , respectively . shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 24535159 at december 31 , 2013 . total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 25712719 shares at december 31 , 2013 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below . during 2013 , we issued approximately 2.6 million shares from treasury stock in connection with stock option exercise activity . as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises . awards granted to non-employee directors in 2013 , 2012 and 2011 include 27076 , 25620 and 27090 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan . a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash . as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant . incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant . the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals , generally over a three-year period . the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards . restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years . beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs . in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreement . however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances . these awards have either a three- year or a four-year performance period and are payable in either stock or a combination of stock and cash . additionally , performance-based restricted share units were granted in 2013 to certain executives as part of annual bonus deferral criteria . these units , payable solely in stock , vest ratably over a four-year period and contain the same risk- related discretionary criteria noted in the preceding paragraph . the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2013 , 2012 and 2011 was $ 64.77 , $ 60.68 and $ 63.25 per share , respectively . the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2013 , 2012 and 2011 was approximately $ 63 million , $ 55 million and $ 52 million , respectively . we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program . table 124 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value .
|shares in thousands december 31 2012|nonvested incentive/ performance unit shares 1119|weighted- average grant date fair value $ 61.14|nonvested restricted stock/ share units 3061|weighted- average grant date fair value $ 60.04|
|granted|926|64.36|1288|65.06|
|vested/released|-326 ( 326 )|58.26|-674 ( 674 )|55.22|
|forfeited|-72 ( 72 )|62.02|-192 ( 192 )|62.37|
|december 31 2013|1647|$ 63.49|3483|$ 62.70|
the pnc financial services group , inc . 2013 form 10-k 187 .
Question: what was the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2013 and 2012 in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.45015 | Context:american tower corporation and subsidiaries notes to consolidated financial statements loss on retirement of long-term obligations 2014loss on retirement of long-term obligations primarily includes cash paid to retire debt in excess of its carrying value , cash paid to holders of convertible notes in connection with note conversions and non-cash charges related to the write-off of deferred financing fees . loss on retirement of long-term obligations also includes gains from repurchasing or refinancing certain of the company 2019s debt obligations . earnings per common share 2014basic and diluted 2014basic income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period . diluted income from continuing operations per common share for the years ended december 31 , 2012 , 2011 and 2010 represents income from continuing operations attributable to american tower corporation divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents , including unvested restricted stock , shares issuable upon exercise of stock options and warrants as determined under the treasury stock method and upon conversion of the company 2019s convertible notes , as determined under the if-converted method . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . the company 2019s matching contribution for the years ended december 31 , 2012 , 2011 and 2010 is 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions . for the years ended december 31 , 2012 , 2011 and 2010 , the company contributed approximately $ 4.4 million , $ 2.9 million and $ 1.9 million to the plan , respectively . 2 . prepaid and other current assets prepaid and other current assets consist of the following as of december 31 , ( in thousands ) : .
||2012|2011 ( 1 )|
|prepaid income tax|$ 57665|$ 31384|
|prepaid operating ground leases|56916|49585|
|value added tax and other consumption tax receivables|22443|81276|
|prepaid assets|19037|28031|
|other miscellaneous current assets|66790|59997|
|balance as of december 31,|$ 222851|$ 250273|
( 1 ) december 31 , 2011 balances have been revised to reflect purchase accounting measurement period adjustments. .
Question: for 2011 , tax related assets were how much of total current assets and prepaids? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.07087 | Context:the following tables present a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs ( level 3 ) for 2015 and 2014 , respectively: .
||level 3|
|balance as of january 1 2015|$ 127|
|actual return on assets|12|
|purchases issuances and settlements net|-3 ( 3 )|
|balance as of december 31 2015|$ 136|
purchases , issuances and settlements , net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 balance as of december 31 , 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 127 the company 2019s other postretirement benefit plans are partially funded and the assets are held under various trusts . the investments and risk mitigation strategies for the plans are tailored specifically for each trust . in setting new strategic asset mixes , consideration is given to the likelihood that the selected asset allocation will effectively fund the projected plan liabilities and the risk tolerance of the company . the company periodically updates the long-term , strategic asset allocations and uses various analytics to determine the optimal asset allocation . considerations include plan liability characteristics , liquidity characteristics , funding requirements , expected rates of return and the distribution of returns . in june 2012 , the company implemented a de-risking strategy for the medical bargaining trust within the plan to minimize volatility . as part of the de-risking strategy , the company revised the asset allocations to increase the matching characteristics of assets relative to liabilities . the initial de-risking asset allocation for the plan was 60% ( 60 % ) return-generating assets and 40% ( 40 % ) liability-driven assets . the investment strategies and policies for the plan reflect a balance of liability driven and return-generating considerations . the objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset 2014liability matching , asset diversification and hedging . the fixed income target asset allocation matches the bond-like and long-dated nature of the postretirement liabilities . assets are broadly diversified within asset classes to achieve risk-adjusted returns that in total lower asset volatility relative to the liabilities . the company assesses the investment strategy regularly to ensure actual allocations are in line with target allocations as appropriate . strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes and , within asset classes strategies are employed to provide adequate returns , diversification and liquidity . the assets of the company 2019s other trusts , within the other postretirement benefit plans , have been primarily invested in equities and fixed income funds . the assets under the various other postretirement benefit trusts are invested differently based on the assets and liabilities of each trust . the obligations of the other postretirement benefit plans are dominated by obligations for the medical bargaining trust . thirty-nine percent and four percent of the total postretirement plan benefit obligations are related to the medical non-bargaining and life insurance trusts , respectively . because expected benefit payments related to the benefit obligations are so far into the future , and the size of the medical non-bargaining and life insurance trusts 2019 obligations are large compared to each trusts 2019 assets , the investment strategy is to allocate a significant portion of the assets 2019 investment to equities , which the company believes will provide the highest long-term return and improve the funding ratio . the company engages third party investment managers for all invested assets . managers are not permitted to invest outside of the asset class ( e.g . fixed income , equity , alternatives ) or strategy for which they have been appointed . investment management agreements and recurring performance and attribution analysis are used as tools to ensure investment managers invest solely within the investment strategy they have been provided . futures and options may be used to adjust portfolio duration to align with a plan 2019s targeted investment policy. .
Question: what was the growth rate in the account balance 2015 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.4 | Context:no . 159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date . sfas no . 159 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 . although the company will continue to evaluate the application of sfas no . 159 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results . in september 2006 , the fasb issued sfas no . 157 , fair value measurements , which defines fair value , provides a framework for measuring fair value , and expands the disclosures required for fair value measurements . sfas no . 157 applies to other accounting pronouncements that require fair value measurements ; it does not require any new fair value measurements . sfas no . 157 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 . although the company will continue to evaluate the application of sfas no . 157 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results . in june 2006 , the fasb issued fasb interpretation no . ( 2018 2018fin 2019 2019 ) 48 , accounting for uncertainty in income taxes-an interpretation of fasb statement no . 109 . fin 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize , measure , present , and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return . fin 48 is effective for fiscal years beginning after december 15 , 2006 and is required to be adopted by the company beginning in the first quarter of fiscal 2008 . although the company will continue to evaluate the application of fin 48 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results . liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .
||september 29 2007|september 30 2006|september 24 2005|
|cash cash equivalents and short-term investments|$ 15386|$ 10110|$ 8261|
|accounts receivable net|$ 1637|$ 1252|$ 895|
|inventory|$ 346|$ 270|$ 165|
|working capital|$ 12657|$ 8066|$ 6813|
|annual operating cash flow|$ 5470|$ 2220|$ 2535|
as of september 29 , 2007 , the company had $ 15.4 billion in cash , cash equivalents , and short-term investments , an increase of $ 5.3 billion over the same balance at the end of september 30 , 2006 . the principal components of this net increase were cash generated by operating activities of $ 5.5 billion , proceeds from the issuance of common stock under stock plans of $ 365 million and excess tax benefits from stock-based compensation of $ 377 million . these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 735 million and payments for acquisitions of intangible assets of $ 251 million . the company 2019s short-term investment portfolio is primarily invested in highly rated , liquid investments . as of september 29 , 2007 and september 30 , 2006 , $ 6.5 billion and $ 4.1 billion , respectively , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months. .
Question: what was the change between september 29 , 2007 and september 30 , 2006 , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and based in u.s . dollar-denominated holdings , in billions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
140003.0 | Context:liquidity and capital resources the following table summarizes liquidity data as of the dates indicated ( in thousands ) : december 31 , december 31 .
||december 31 2016|december 31 2015|
|cash and equivalents|$ 227400|$ 87397|
|total debt ( 1 )|3365687|1599695|
|current maturities ( 2 )|68414|57494|
|capacity under credit facilities ( 3 )|2550000|1947000|
|availability under credit facilities ( 3 )|1019112|1337653|
|total liquidity ( cash and equivalents plus availability on credit facilities )|1246512|1425050|
total debt ( 1 ) 3365687 1599695 current maturities ( 2 ) 68414 57494 capacity under credit facilities ( 3 ) 2550000 1947000 availability under credit facilities ( 3 ) 1019112 1337653 total liquidity ( cash and equivalents plus availability on credit facilities ) 1246512 1425050 ( 1 ) debt amounts reflect the gross values to be repaid ( excluding debt issuance costs of $ 23.9 million and $ 15.0 million as of december 31 , 2016 and 2015 , respectively ) . ( 2 ) debt amounts reflect the gross values to be repaid ( excluding debt issuance costs of $ 2.3 million and $ 1.5 million as of december 31 , 2016 and 2015 , respectively ) . ( 3 ) includes our revolving credit facilities , our receivables securitization facility , and letters of credit . we assess our liquidity in terms of our ability to fund our operations and provide for expansion through both internal development and acquisitions . our primary sources of liquidity are cash flows from operations and our credit facilities . we utilize our cash flows from operations to fund working capital and capital expenditures , with the excess amounts going towards funding acquisitions or paying down outstanding debt . as we have pursued acquisitions as part of our growth strategy , our cash flows from operations have not always been sufficient to cover our investing activities . to fund our acquisitions , we have accessed various forms of debt financing , including revolving credit facilities , senior notes , and a receivables securitization facility . as of december 31 , 2016 , we had debt outstanding and additional available sources of financing , as follows : 2022 senior secured credit facilities maturing in january 2021 , composed of term loans totaling $ 750 million ( $ 732.7 million outstanding at december 31 , 2016 ) and $ 2.45 billion in revolving credit ( $ 1.36 billion outstanding at december 31 , 2016 ) , bearing interest at variable rates ( although a portion of this debt is hedged through interest rate swap contracts ) reduced by $ 72.7 million of amounts outstanding under letters of credit 2022 senior notes totaling $ 600 million , maturing in may 2023 and bearing interest at a 4.75% ( 4.75 % ) fixed rate 2022 euro notes totaling $ 526 million ( 20ac500 million ) , maturing in april 2024 and bearing interest at a 3.875% ( 3.875 % ) fixed rate 2022 receivables securitization facility with availability up to $ 100 million ( $ 100 million outstanding as of december 31 , 2016 ) , maturing in november 2019 and bearing interest at variable commercial paper from time to time , we may undertake financing transactions to increase our available liquidity , such as our january 2016 amendment to our senior secured credit facilities , the issuance of 20ac500 million of euro notes in april 2016 , and the november 2016 amendment to our receivables securitization facility . the rhiag acquisition was the catalyst for the april issuance of 20ac500 million of euro notes . given that rhiag is a long term asset , we considered alternative financing options and decided to fund a portion of this acquisition through the issuance of long term notes . additionally , the interest rates on rhiag's acquired debt ranged between 6.45% ( 6.45 % ) and 7.25% ( 7.25 % ) . with the issuance of the 20ac500 million of senior notes at a rate of 3.875% ( 3.875 % ) , we were able to replace rhiag's borrowings with long term financing at favorable rates . this refinancing also provides financial flexibility to execute our long-term growth strategy by freeing up availability under our revolver . if we see an attractive acquisition opportunity , we have the ability to use our revolver to move quickly and have certainty of funding . as of december 31 , 2016 , we had approximately $ 1.02 billion available under our credit facilities . combined with approximately $ 227.4 million of cash and equivalents at december 31 , 2016 , we had approximately $ 1.25 billion in available liquidity , a decrease of $ 178.5 million from our available liquidity as of december 31 , 2015 . we expect to use the proceeds from the sale of pgw's glass manufacturing business to pay down borrowings under our revolving credit facilities , which would increase our available liquidity by approximately $ 310 million when the transaction closes. .
Question: what was the change in cash and equivalents from 2015 to 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
38316.32653 | Context:the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2018 , 2017 and 2016 ( gallons and aircraft fuel expense in millions ) . year gallons average price per gallon aircraft fuel expense percent of total operating expenses .
|year|gallons|average priceper gallon|aircraft fuelexpense|percent of totaloperating expenses|
|2018|4447|$ 2.23|$ 9896|23.6% ( 23.6 % )|
|2017|4352|1.73|7510|19.6% ( 19.6 % )|
|2016|4347|1.42|6180|17.6% ( 17.6 % )|
as of december 31 , 2018 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption . as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices . our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors . fuel prices have fluctuated substantially over the past several years . we cannot predict the future availability , price volatility or cost of aircraft fuel . natural disasters ( including hurricanes or similar events in the u.s . southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , economic sanctions imposed against oil-producing countries or specific industry participants , changes in fuel-related governmental policy , the strength of the u.s . dollar against foreign currencies , changes in the cost to transport or store petroleum products , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future . see part i , item 1a . risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel . continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year . general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern . therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results . domestic and global regulatory landscape general airlines are subject to extensive domestic and international regulatory requirements . domestically , the dot and the federal aviation administration ( faa ) exercise significant regulatory authority over air carriers . the dot , among other things , oversees domestic and international codeshare agreements , international route authorities , competition and consumer protection matters such as advertising , denied boarding compensation and baggage liability . the antitrust division of the department of justice ( doj ) , along with the dot in certain instances , have jurisdiction over airline antitrust matters. .
Question: what were total operating expenses in 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
27.66667 | Context:marathon oil corporation notes to consolidated financial statements operating lease rental expense was : ( in millions ) 2008 2007 2006 minimum rental ( a ) $ 245 $ 209 $ 172 .
|( in millions )|2008|2007|2006|
|minimum rental ( a )|$ 245|$ 209|$ 172|
|contingent rental|22|33|28|
|sublease rentals|2013|2013|-7 ( 7 )|
|net rental expense|$ 267|$ 242|$ 193|
( a ) excludes $ 5 million , $ 8 million and $ 9 million paid by united states steel in 2008 , 2007 and 2006 on assumed leases . 27 . contingencies and commitments we are the subject of , or party to , a number of pending or threatened legal actions , contingencies and commitments involving a variety of matters , including laws and regulations relating to the environment . certain of these matters are discussed below . the ultimate resolution of these contingencies could , individually or in the aggregate , be material to our consolidated financial statements . however , management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably . environmental matters 2013 we are subject to federal , state , local and foreign laws and regulations relating to the environment . these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites . penalties may be imposed for noncompliance . at december 31 , 2008 and 2007 , accrued liabilities for remediation totaled $ 111 million and $ 108 million . it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed . receivables for recoverable costs from certain states , under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets , were $ 60 and $ 66 million at december 31 , 2008 and 2007 . we are a defendant , along with other refining companies , in 20 cases arising in three states alleging damages for methyl tertiary-butyl ether ( 201cmtbe 201d ) contamination . we have also received seven toxic substances control act notice letters involving potential claims in two states . such notice letters are often followed by litigation . like the cases that were settled in 2008 , the remaining mtbe cases are consolidated in a multidistrict litigation in the southern district of new york for pretrial proceedings . nineteen of the remaining cases allege damages to water supply wells , similar to the damages claimed in the settled cases . in the other remaining case , the state of new jersey is seeking natural resources damages allegedly resulting from contamination of groundwater by mtbe . this is the only mtbe contamination case in which we are a defendant and natural resources damages are sought . we are vigorously defending these cases . we , along with a number of other defendants , have engaged in settlement discussions related to the majority of the cases in which we are a defendant . we do not expect our share of liability , if any , for the remaining cases to significantly impact our consolidated results of operations , financial position or cash flows . a lawsuit filed in the united states district court for the southern district of west virginia alleges that our catlettsburg , kentucky , refinery distributed contaminated gasoline to wholesalers and retailers for a period prior to august , 2003 , causing permanent damage to storage tanks , dispensers and related equipment , resulting in lost profits , business disruption and personal and real property damages . following the incident , we conducted remediation operations at affected facilities , and we deny that any permanent damages resulted from the incident . class action certification was granted in august 2007 . we have entered into a tentative settlement agreement in this case . notice of the proposed settlement has been sent to the class members . approval by the court after a fairness hearing is required before the settlement can be finalized . the fairness hearing is scheduled in the first quarter of 2009 . the proposed settlement will not significantly impact our consolidated results of operations , financial position or cash flows . guarantees 2013 we have provided certain guarantees , direct and indirect , of the indebtedness of other companies . under the terms of most of these guarantee arrangements , we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements . in addition to these financial guarantees , we also have various performance guarantees related to specific agreements. .
Question: what was average contingent rental amount in millions for the three year period? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.562 | Context:the pnc financial services group , inc . 2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment . the board of directors presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) .
|2018 period|total shares purchased ( a )|average price paid per share|total shares purchased as part of publicly announced programs ( b )|maximum number of shares that may yet be purchased under the programs ( b )|
|october 1 2013 31|1204|$ 128.43|1189|25663|
|november 1 2013 30|1491|$ 133.79|1491|24172|
|december 1 2013 31|3458|$ 119.43|3458|20714|
|total|6153|$ 124.67|||
( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan . in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases . the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion . see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 . http://www.computershare.com/pnc .
Question: in the fourth quarter of 2018 what was the percent of the shares bought in december | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2947.916 | Context:table of contents the company receives a foreign tax credit ( 201cftc 201d ) against its u.s . tax liability for foreign taxes paid by the company including payments from its separate account assets . the separate account ftc is estimated for the current year using information from the most recent filed return , adjusted for the change in the allocation of separate account investments to the international equity markets during the current year . the actual current year ftc can vary from the estimates due to actual ftcs passed through by the mutual funds . the company recorded benefits of $ 16 , $ 11 and $ 17 related to separate account ftc in the years ended december 31 , 2008 , december 31 , 2007 and december 31 , 2006 , respectively . these amounts included benefits related to true- ups of prior years 2019 tax returns of $ 4 , $ 0 and $ 7 in 2008 , 2007 and 2006 respectively . the company 2019s unrecognized tax benefits increased by $ 15 during 2008 as a result of tax positions taken on the company 2019s 2007 tax return and expected to be taken on its 2008 tax return , bringing the total unrecognized tax benefits to $ 91 as of december 31 , 2008 . this entire amount , if it were recognized , would affect the effective tax rate . earnings ( losses ) per common share the following table represents earnings per common share data for the past three years : for additional information on earnings ( losses ) per common share see note 2 of notes to consolidated financial statements . outlooks the hartford provides projections and other forward-looking information in the 201coutlook 201d sections within md&a . the 201coutlook 201d sections contain many forward-looking statements , particularly relating to the company 2019s future financial performance . these forward-looking statements are estimates based on information currently available to the company , are made pursuant to the safe harbor provisions of the private securities litigation reform act of 1995 and are subject to the precautionary statements set forth in the introduction to md&a above . actual results are likely to differ , and in the past have differed , materially from those forecast by the company , depending on the outcome of various factors , including , but not limited to , those set forth in each 201coutlook 201d section and in item 1a , risk factors . outlook during 2008 , the company has been negatively impacted by conditions in the global financial markets and economic conditions in general . as these conditions persist in 2009 , the company would anticipate that it would continue to be negatively impacted , including the effect of rating downgrades that have occurred and those that could occur in the future . see risk factors in item 1a . retail in the long-term , management continues to believe the market for retirement products will expand as individuals increasingly save and plan for retirement . demographic trends suggest that as the 201cbaby boom 201d generation matures , a significant portion of the united states population will allocate a greater percentage of their disposable incomes to saving for their retirement years due to uncertainty surrounding the social security system and increases in average life expectancy . near-term , the industry and the company are experiencing lower variable annuity sales as a result of recent market turbulence and uncertainty in the u.s . financial system . current market pressures are also increasing the expected claim costs , the cost and volatility of hedging programs , and the level of capital needed to support living benefit guarantees . some companies have already begun to increase the price of their guaranteed living benefits and change the level of guarantees offered . in 2009 , the company intends to adjust pricing levels and take certain actions to reduce the risks in its variable annuity product features in order to address the risks and costs associated with variable annuity benefit features in the current economic environment and explore other risk limiting techniques such as increased hedging or other reinsurance structures . competitor reaction , including the extent of competitor risk limiting strategies , is difficult to predict and may result in a decline in retail 2019s market share . significant declines in equity markets and increased equity market volatility are also likely to continue to impact the cost and effectiveness of our gmwb hedging program . continued equity market volatility could result in material losses in our hedging program . for more information on the gmwb hedging program , see the equity risk management section within capital markets risk management . during periods of volatile equity markets , policyholders may allocate more of their variable account assets to the fixed account options and fixed annuities may see increased deposits . in the fourth quarter of 2008 , the company has seen an increase in fixed .
||2008|2007|2006|
|basic earnings ( losses ) per share|$ -8.99 ( 8.99 )|$ 9.32|$ 8.89|
|diluted earnings ( losses ) per share|$ -8.99 ( 8.99 )|$ 9.24|$ 8.69|
|weighted average common shares outstanding ( basic )|306.7|316.3|308.8|
|weighted average common shares outstanding and dilutive potential common shares ( diluted )|306.7|319.1|315.9|
weighted average common shares outstanding and dilutive potential common shares ( diluted ) 306.7 319.1 315.9 .
Question: what is the net income reported in 2007 , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2476.5 | Context:available information . the company 2019s annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8- k , proxy statements and amendments to those reports are available free of charge through the company 2019s internet website at http://www.everestregroup.com as soon as reasonably practicable after such reports are electronically filed with the securities and exchange commission ( the 201csec 201d ) . item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector during the fourth quarter of 2014 . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . subsequent to april 1 , 2010 , we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $ 10.0 million , before corporate level reinsurance and taxes . prior to april 1 , 2010 , we used a threshold of $ 5.0 million . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of contract specific reinsurance but before cessions under corporate reinsurance programs , were as follows: .
|calendar year:|pre-tax catastrophe losses|
|( dollars in millions )||
|2014|$ 62.2|
|2013|195.0|
|2012|410.0|
|2011|1300.4|
|2010|571.1|
our losses from future catastrophic events could exceed our projections . we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool . we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area . these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .
Question: what was the accumulated pre-tax catastrophe losses from 2010 to 2013 in millions | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.54939 | Context:corporate/other corporate/other includes certain unallocated costs of global staff functions ( including finance , risk , human resources , legal and compliance ) , other corporate expenses and unallocated global operations and technology expenses and income taxes , as well as corporate treasury , certain north america legacy consumer loan portfolios , other legacy assets and discontinued operations ( for additional information on corporate/other , see 201ccitigroup segments 201d above ) . at december 31 , 2018 , corporate/other had $ 91 billion in assets , an increase of 17% ( 17 % ) from the prior year . in millions of dollars 2018 2017 2016 % ( % ) change 2018 vs . 2017 % ( % ) change 2017 vs . 2016 .
|in millions of dollars|2018|2017|2016|% ( % ) change2018 vs . 2017|% ( % ) change2017 vs . 2016|
|net interest revenue|$ 2254|$ 2000|$ 3045|13% ( 13 % )|( 34 ) % ( % )|
|non-interest revenue|-171 ( 171 )|1132|2188|nm|-48 ( 48 )|
|total revenues net of interest expense|$ 2083|$ 3132|$ 5233|( 33 ) % ( % )|( 40 ) % ( % )|
|total operating expenses|$ 2272|$ 3814|$ 5042|( 40 ) % ( % )|( 24 ) % ( % )|
|net credit losses|$ 21|$ 149|$ 435|( 86 ) % ( % )|( 66 ) % ( % )|
|credit reserve build ( release )|-218 ( 218 )|-317 ( 317 )|-456 ( 456 )|31|30|
|provision ( release ) for unfunded lending commitments|-3 ( 3 )|2014|-8 ( 8 )|2014|100|
|provision for benefits and claims|-2 ( 2 )|-7 ( 7 )|98|71|nm|
|provisions for credit losses and for benefits and claims|$ -202 ( 202 )|$ -175 ( 175 )|$ 69|-15 ( 15 )|nm|
|income ( loss ) from continuing operations before taxes|$ 13|$ -507 ( 507 )|$ 122|nm|nm|
|income taxes ( benefits )|-113 ( 113 )|19064|-455 ( 455 )|nm|nm|
|income ( loss ) from continuing operations|$ 126|$ -19571 ( 19571 )|$ 577|nm|nm|
|income ( loss ) from discontinued operations net of taxes|-8 ( 8 )|-111 ( 111 )|-58 ( 58 )|93|-91 ( 91 )|
|net income ( loss ) before attribution of noncontrolling interests|$ 118|$ -19682 ( 19682 )|$ 519|nm|nm|
|noncontrolling interests|11|-6 ( 6 )|-2 ( 2 )|nm|nm|
|net income ( loss )|$ 107|$ -19676 ( 19676 )|$ 521|nm|nm|
nm not meaningful 2018 vs . 2017 net income was $ 107 million in 2018 , compared to a net loss of $ 19.7 billion in the prior year , primarily driven by the $ 19.8 billion one-time , non-cash charge recorded in the tax line in 2017 due to the impact of tax reform . results in 2018 included the one-time benefit of $ 94 million in the tax line , related to tax reform . for additional information , see 201csignificant accounting policies and significant estimates 2014income taxes 201d below . excluding the one-time impact of tax reform in 2018 and 2017 , net income decreased 92% ( 92 % ) , reflecting lower revenues , partially offset by lower expenses , lower cost of credit and tax benefits related to the reorganization of certain non-u.s . subsidiaries . the tax benefits were largely offset by the release of a foreign currency translation adjustment ( cta ) from aoci to earnings ( for additional information on the cta release , see note 19 to the consolidated financial statements ) . revenues decreased 33% ( 33 % ) , driven by the continued wind-down of legacy assets . expenses decreased 40% ( 40 % ) , primarily driven by the wind-down of legacy assets , lower infrastructure costs and lower legal expenses . provisions decreased $ 27 million to a net benefit of $ 202 million , primarily due to lower net credit losses , partially offset by a lower net loan loss reserve release . net credit losses declined 86% ( 86 % ) to $ 21 million , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the net reserve release declined by $ 96 million to $ 221 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures . 2017 vs . 2016 the net loss was $ 19.7 billion , compared to net income of $ 521 million in the prior year , primarily driven by the one-time impact of tax reform . excluding the one-time impact of tax reform , net income declined 69% ( 69 % ) to $ 168 million , reflecting lower revenues , partially offset by lower expenses and lower cost of credit . revenues declined 40% ( 40 % ) , primarily reflecting the continued wind-down of legacy assets and the absence of gains related to debt buybacks in 2016 . revenues included approximately $ 750 million in gains on asset sales in the first quarter of 2017 , which more than offset a roughly $ 300 million charge related to the exit of citi 2019s u.s . mortgage servicing operations in the quarter . expenses declined 24% ( 24 % ) , reflecting the wind-down of legacy assets and lower legal expenses , partially offset by approximately $ 100 million in episodic expenses primarily related to the exit of the u.s . mortgage servicing operations . also included in expenses is an approximately $ 255 million provision for remediation costs related to a card act matter in 2017 . provisions decreased $ 244 million to a net benefit of $ 175 million , primarily due to lower net credit losses and a lower provision for benefits and claims , partially offset by a lower net loan loss reserve release . net credit losses declined 66% ( 66 % ) , primarily reflecting the impact of ongoing divestiture activity and the continued wind-down of the north america mortgage portfolio . the decline in the provision for benefits and claims was primarily due to lower insurance activity . the net reserve release declined $ 147 million , and reflected the continued wind-down of the legacy north america mortgage portfolio and divestitures. .
Question: what was the percentage change in total operating expenses between 2016 and 2018? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.05128 | Context:2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition . awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc . and its subsidiaries who were not employed by republic services , inc . prior to such date . at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan . stock options we use a binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: .
||2010|2009|2008|
|expected volatility|28.6% ( 28.6 % )|28.7% ( 28.7 % )|27.3% ( 27.3 % )|
|risk-free interest rate|2.4% ( 2.4 % )|1.4% ( 1.4 % )|1.7% ( 1.7 % )|
|dividend yield|2.9% ( 2.9 % )|3.1% ( 3.1 % )|2.9% ( 2.9 % )|
|expected life ( in years )|4.3|4.2|4.2|
|contractual life ( in years )|7|7|7|
|expected forfeiture rate|3.0% ( 3.0 % )|3.0% ( 3.0 % )|3.0% ( 3.0 % )|
republic services , inc . notes to consolidated financial statements , continued .
Question: from 2009 to 2010 what was the percentage change in the expected volatility | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.28571 | Context:income taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s . tax purposes . members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns . certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes . the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements . these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse . in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse . investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets . the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis . see note 13 2014income taxes . allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction . the regulated utility subsidiaries record afudc to the extent permitted by the pucs . the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations . any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations . afudc is summarized in the following table for the years ended december 31: .
||2017|2016|2015|
|allowance for other funds used during construction|$ 19|$ 15|$ 13|
|allowance for borrowed funds used during construction|8|6|8|
environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s . federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business . environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate . remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated . a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california . the company agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 . remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively . derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates . these derivative contracts are entered into for periods consistent with the related underlying .
Question: what percentage of total afudc in 2016 accounted for allowance for borrowed funds used during construction? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.8819 | Context:12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 .
|total cumulative return|2010|2011|2012|2013|2014|
|edwards lifesciences|$ 186.16|$ 162.81|$ 207.65|$ 151.43|$ 293.33|
|s&p 500|115.06|117.49|136.30|180.44|205.14|
|s&p 500 healthcare equipment index|96.84|102.07|120.66|153.85|194.33|
.
Question: what was the difference in percentage 5 year cumulative total return between edwards lifesciences corporation and the s&p 500? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
3956.0 | Context:advance auto parts , inc . and subsidiaries notes to the consolidated financial statements 2013 ( continued ) december 29 , 2007 , december 30 , 2006 and december 31 , 2005 ( in thousands , except per share data ) 11 . stock repurchase program : during fiscal 2007 , the company's board of directors authorized a new stock repurchase program of up to $ 500000 of the company's common stock plus related expenses . the new program cancelled and replaced the remaining portion of the previous $ 300000 stock repurchase program . the program allows the company to repurchase its common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the securities and exchange commission . during fiscal 2007 , the company repurchased 8341 shares of common stock at an aggregate cost of $ 285869 , or an average price of $ 34.27 per share , of which 1330 shares of common stock were repurchased under the previous $ 300000 stock repurchase program . as of december 29 , 2007 , 77 shares have been repurchased at an aggregate cost of $ 2959 and remained unsettled . during fiscal 2007 , the company retired 6329 shares previously repurchased under the stock repurchase programs . at december 29 , 2007 , the company had $ 260567 remaining under the current stock repurchase program . subsequent to december 29 , 2007 , the company repurchased 4563 shares of common stock at an aggregate cost of $ 155350 , or an average price of $ 34.04 per share . during fiscal 2006 , the company retired 5117 shares of common stock which were previously repurchased under the company 2019s prior stock repurchase program . these shares were repurchased during fiscal 2006 and fiscal 2005 at an aggregate cost of $ 192339 , or an average price of $ 37.59 per share . 12 . income taxes : as a result of the adoption of fin 48 on december 31 , 2006 , the company recorded an increase of $ 2275 to the liability for unrecognized tax benefits and a corresponding decrease in its balance of retained earnings . the following table summarizes the activity related to our unrecognized tax benefits for the fiscal year ended december 29 , 2007: .
|balance at december 31 2006|$ 16453|
|gross increases related to prior period tax positions|1279|
|gross decreases related to prior period tax positions|-1853 ( 1853 )|
|gross increases related to current period tax positions|5340|
|settlements|-539 ( 539 )|
|expiration of statute of limitations|-271 ( 271 )|
|balance at december 29 2007|$ 20409|
as of december 29 , 2007 the entire amount of unrecognized tax benefits , if recognized , would reduce the company 2019s annual effective tax rate . with the adoption of fin 48 , the company provides for interest and penalties as a part of income tax expense . during fiscal 2007 , the company accrued potential penalties and interest of $ 709 and $ 1827 , respectively , related to these unrecognized tax benefits . as of december 29 , 2007 , the company has recorded a liability for potential penalties and interest of $ 1843 and $ 4421 , respectively . prior to the adoption of fin 48 , the company classified interest associated with tax contingencies in interest expense . the company has not provided for any penalties associated with tax contingencies unless considered probable of assessment . the company does not expect its unrecognized tax benefits to change significantly over the next 12 months . during the next 12 months , it is possible the company could conclude on $ 2000 to $ 3000 of the contingencies associated with unrecognized tax uncertainties due mainly to settlements and expiration of statute of limitations ( including tax benefits , interest and penalties ) . the majority of these resolutions would be achieved through the completion of current income tax examinations. .
Question: what is the net change in the balance unrecognized tax benefits in 2007? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.55999 | Context:management 2019s discussion and analysis net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of $ 494 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting declines in the united states , europe and asia . our average daily volumes during 2012 were lower in each of these regions compared with 2011 , consistent with listed cash equity market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre- tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients . these investments , some of which are consolidated , and loans are typically longer-term in nature . we make investments , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities . the table below presents the operating results of our investing & lending segment. .
|in millions|year ended december 2013|year ended december 2012|year ended december 2011|
|equity securities|$ 3930|$ 2800|$ 603|
|debt securities and loans|1947|1850|96|
|other|1141|1241|1443|
|total net revenues|7018|5891|2142|
|operating expenses|2684|2666|2673|
|pre-tax earnings/ ( loss )|$ 4334|$ 3225|$ -531 ( 531 )|
2013 versus 2012 . net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices . in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 . if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted . operating expenses were $ 2.68 billion for 2013 , essentially unchanged compared with 2012 . operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 . pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 . 52 goldman sachs 2013 annual report .
Question: what percentage of total net revenues investing & lending segment were attributable to equity securities in 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.5 | Context:liquidity and capital resources as of december 31 , 2011 , our principal sources of liquidity included cash , cash equivalents , our receivables securitization facility , and our revolving credit facility , as well as the availability of commercial paper and other sources of financing through the capital markets . we had $ 1.8 billion of committed credit available under our credit facility , with no borrowings outstanding as of december 31 , 2011 . we did not make any borrowings under this facility during 2011 . the value of the outstanding undivided interest held by investors under the receivables securitization facility was $ 100 million as of december 31 , 2011 , and is included in our consolidated statements of financial position as debt due after one year . the receivables securitization facility obligates us to maintain an investment grade bond rating . if our bond rating were to deteriorate , it could have an adverse impact on our liquidity . access to commercial paper as well as other capital market financings is dependent on market conditions . deterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to access capital markets as a source of liquidity . access to liquidity through the capital markets is also dependent on our financial stability . we expect that we will continue to have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets . at december 31 , 2011 and 2010 , we had a working capital surplus . this reflects a strong cash position , which provides enhanced liquidity in an uncertain economic environment . in addition , we believe we have adequate access to capital markets to meet cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions 2011 2010 2009 .
|cash flowsmillions|2011|2010|2009|
|cash provided by operating activities|$ 5873|$ 4105|$ 3204|
|cash used in investing activities|-3119 ( 3119 )|-2488 ( 2488 )|-2145 ( 2145 )|
|cash used in financing activities|-2623 ( 2623 )|-2381 ( 2381 )|-458 ( 458 )|
|net change in cash and cashequivalents|$ 131|$ -764 ( 764 )|$ 601|
operating activities higher net income and lower cash income tax payments in 2011 increased cash provided by operating activities compared to 2010 . the tax relief , unemployment insurance reauthorization , and job creation act of 2010 , enacted in december 2010 , provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 , and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012 . as a result of the act , the company deferred a substantial portion of its 2011 income tax expense . this deferral decreased 2011 income tax payments , thereby contributing to the positive operating cash flow . in future years , however , additional cash will be used to pay income taxes that were previously deferred . in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 . higher net income in 2010 increased cash provided by operating activities compared to 2009 . investing activities higher capital investments partially offset by higher proceeds from asset sales in 2011 drove the increase in cash used in investing activities compared to 2010 . higher capital investments and lower proceeds from asset sales in 2010 drove the increase in cash used in investing activities compared to 2009. .
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0.05886 | Context:bhge 2017 form 10-k | 27 the short term . we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand . 2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential . in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 . the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized . we continue to see growing demand across these markets in 2018 . we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business . overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers . we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term . in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 . governments may change or may not continue incentives for renewable energy additions . in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future . despite the near-term volatility , the long-term outlook for our industry remains strong . we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies . as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers . business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company . amounts reported in millions in graphs within this report are computed based on the amounts in hundreds . as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding . we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources . our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production . this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows . oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. .
||2017|2016|2015|
|brent oil prices ( $ /bbl ) ( 1 )|$ 54.12|$ 43.64|$ 52.32|
|wti oil prices ( $ /bbl ) ( 2 )|50.80|43.29|48.66|
|natural gas prices ( $ /mmbtu ) ( 3 )|2.99|2.52|2.62|
brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what are the natural gas prices as a percentage of wti oil prices in 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1252.9 | Context:notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries . the amount of parent company guarantees on lease obligations was $ 857.3 and $ 619.4 as of december 31 , 2016 and 2015 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 395.6 and $ 336.5 as of december 31 , 2016 and 2015 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2016 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .
||2017|2018|2019|2020|2021|thereafter|total|
|deferred acquisition payments|$ 76.9|$ 31.6|$ 25.1|$ 8.9|$ 26.9|$ 11.4|$ 180.8|
|redeemable noncontrolling interests and call options with affiliates1|34.7|76.5|32.9|3.9|3.1|4.2|155.3|
|total contingent acquisition payments|$ 111.6|$ 108.1|$ 58.0|$ 12.8|$ 30.0|$ 15.6|$ 336.1|
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2016 . these estimated payments of $ 25.9 are included within the total payments expected to be made in 2017 , and will continue to be carried forward into 2018 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities . the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements . see note 4 for further information relating to the payment structure of our acquisitions . legal matters in the normal course of business , we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities . the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts . the company had previously investigated the matter and taken a number of remedial and disciplinary actions . the company is in the process of concluding a settlement related to these matters with government agencies . the company confirmed that one of its standalone domestic agencies has been contacted by the department of justice antitrust division for documents regarding video production practices and is cooperating with the government. .
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no | Context:performance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s . companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period . the performance graph assumes the investment of $ 100 on march 31 , 2006 in our common stock , the nasdaq composite index ( u.s . companies ) and the peer group index , and the reinvestment of any and all dividends. .
||3/31/2006|3/31/2007|3/31/2008|3/31/2009|3/31/2010|3/31/2011|
|abiomed inc|100|105.89|101.86|37.98|80.00|112.64|
|nasdaq composite index|100|103.50|97.41|65.33|102.49|118.86|
|nasdaq medical equipment sic code 3840-3849|100|88.78|84.26|46.12|83.47|91.35|
this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing . transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. .
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0.13482 | Context:the diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive . shares underlying the excluded stock options and sars totaled 10.3 million , 10.2 million and 0.7 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . for the years ended december 31 , 2016 and 2015 , respectively , 4.5 million and 5.3 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded . 10 . supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2016 , 2015 and 2014 ( in thousands ) : .
||2016|2015|2014|
|interest net of capitalized interest|$ 252030|$ 222088|$ 197383|
|income taxes net of refunds received|$ -39293 ( 39293 )|$ 41108|$ 342741|
eog's accrued capital expenditures at december 31 , 2016 , 2015 and 2014 were $ 388 million , $ 416 million and $ 972 million , respectively . non-cash investing activities for the year ended december 31 , 2016 , included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) . non-cash investing activities for the year ended december 31 , 2014 included non-cash additions of $ 5 million to eog's oil and gas properties as a result of property exchanges . 11 . business segment information eog's operations are all crude oil and natural gas exploration and production related . the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements . operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance . eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers . this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china . for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. .
Question: what is the increase observed in the interest net of capitalized interest during 2015 and 2016? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1900.0 | Context:pullmantur during 2013 , we operated four ships with an aggre- gate capacity of approximately 7650 berths under our pullmantur brand , offering cruise itineraries that ranged from four to 12 nights throughout south america , the caribbean and europe . one of these ships , zenith , was redeployed from pullmantur to cdf croisi e8res de france in january 2014 . pullmantur serves the contemporary segment of the spanish , portuguese and latin american cruise markets . pullmantur 2019s strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children . over the last few years , pullmantur has systematically increased its focus on latin america . in recognition of this , pullmantur recently opened a regional head office in panama to place the operating management closer to its largest and fastest growing market . in order to facilitate pullmantur 2019s ability to focus on its core cruise business , in december 2013 , pullmantur reached an agreement to sell the majority of its inter- est in its land-based tour operations , travel agency and pullmantur air , the closing of which is subject to customary closing conditions . in connection with the agreement , we will retain a 19% ( 19 % ) interest in the non-core businesses . we will retain ownership of the pullmantur aircraft which will be dry leased to pullmantur air . cdf croisi e8res de france in january 2014 , we redeployed zenith from pullmantur to cdf croisi e8res de france . as a result , as of january 2014 , we operate two ships with an aggregate capac- ity of approximately 2750 berths under our cdf croisi e8res de france brand . during the summer of 2014 , cdf croisi e8res de france will operate both ships in europe and , for the first time , the brand will operate in the caribbean during the winter of 2014 . in addition , cdf croisi e8res de france offers seasonal itineraries to the mediterranean . cdf croisi e8res de france is designed to serve the contemporary seg- ment of the french cruise market by providing a brand tailored for french cruise guests . tui cruises tui cruises is designed to serve the contemporary and premium segments of the german cruise market by offering a product tailored for german guests . all onboard activities , services , shore excursions and menu offerings are designed to suit the preferences of this target market . tui cruises operates two ships , mein schiff 1 and mein schiff 2 , with an aggregate capacity of approximately 3800 berths . in addition , tui cruises has two ships on order , each with a capacity of 2500 berths , scheduled for delivery in the second quarter of 2014 and second quarter of 2015 . tui cruises is a joint venture owned 50% ( 50 % ) by us and 50% ( 50 % ) by tui ag , a german tourism and shipping company that also owns 51% ( 51 % ) of tui travel , a british tourism company . industry cruising is considered a well-established vacation sector in the north american market , a growing sec- tor over the long-term in the european market and a developing but promising sector in several other emerging markets . industry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers . we believe this presents an opportunity for long-term growth and a potential for increased profitability . the following table details market penetration rates for north america and europe computed based on the number of annual cruise guests as a percentage of the total population : america ( 1 ) europe ( 2 ) .
|year|north america ( 1 )|europe ( 2 )|
|2009|3.0% ( 3.0 % )|1.0% ( 1.0 % )|
|2010|3.1% ( 3.1 % )|1.1% ( 1.1 % )|
|2011|3.4% ( 3.4 % )|1.1% ( 1.1 % )|
|2012|3.3% ( 3.3 % )|1.2% ( 1.2 % )|
|2013|3.4% ( 3.4 % )|1.2% ( 1.2 % )|
( 1 ) source : international monetary fund and cruise line international association based on cruise guests carried for at least two con- secutive nights for years 2009 through 2012 . year 2013 amounts represent our estimates . includes the united states of america and canada . ( 2 ) source : international monetary fund and clia europe , formerly european cruise council , for years 2009 through 2012 . year 2013 amounts represent our estimates . we estimate that the global cruise fleet was served by approximately 436000 berths on approximately 269 ships at the end of 2013 . there are approximately 26 ships with an estimated 71000 berths that are expected to be placed in service in the global cruise market between 2014 and 2018 , although it is also possible that ships could be ordered or taken out of service during these periods . we estimate that the global cruise industry carried 21.3 million cruise guests in 2013 compared to 20.9 million cruise guests carried in 2012 and 20.2 million cruise guests carried in 2011 . part i .
Question: what is the average berths capacity on mein schiff 1 and mein schiff 2? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
950000.0 | Context:on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover named storm and earthquake events . the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . on april 13 , 2017 the company entered into six collateralized reinsurance agreements with kilimanjaro to provide the company with annual aggregate catastrophe reinsurance coverage . the initial three agreements are four year reinsurance contracts which cover named storm and earthquake events . these agreements provide up to $ 225000 thousand , $ 400000 thousand and $ 325000 thousand , respectively , of annual aggregate reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . the subsequent three agreements are five year reinsurance contracts which cover named storm and earthquake events . these agreements provide up to $ 50000 thousand , $ 75000 thousand and $ 175000 thousand , respectively , of annual aggregate reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada . recoveries under these collateralized reinsurance agreements with kilimanjaro are primarily dependent on estimated industry level insured losses from covered events , as well as , the geographic location of the events . the estimated industry level of insured losses is obtained from published estimates by an independent recognized authority on insured property losses . as of december 31 , 2017 , none of the published insured loss estimates for the 2017 catastrophe events have exceeded the single event retentions under the terms of the agreements that would result in a recovery . in addition , the aggregation of the to-date published insured loss estimates for the 2017 covered events have not exceeded the aggregated retentions for recovery . however , if the published estimates for insured losses for the covered 2017 events increase , the aggregate losses may exceed the aggregate event retentions under the agreements , resulting in a recovery . kilimanjaro has financed the various property catastrophe reinsurance coverages by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) . on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) . on april 13 , 2017 , kilimanjaro issued $ 950000 thousand of notes ( 201cseries 2017-1 notes ) and $ 300000 thousand of notes ( 201cseries 2017-2 notes ) . the proceeds from the issuance of the notes listed above are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s . 9 . operating lease agreements the future minimum rental commitments , exclusive of cost escalation clauses , at december 31 , 2017 , for all of the company 2019s operating leases with remaining non-cancelable terms in excess of one year are as follows : ( dollars in thousands ) .
|2018|$ 16990|
|2019|17964|
|2020|17115|
|2021|8035|
|2022|7669|
|thereafter|24668|
|net commitments|$ 92440|
|( some amounts may not reconcile due to rounding. )||
.
Question: what was the total value of notes issued by kilimanjaro in 2014 in thousands | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.63636 | Context:administrative fees , which increased $ 5.8 million to $ 353.9 million , are generally offset by related operating expenses that are incurred to provide services to the funds and their investors . our largest expense , compensation and related costs , increased $ 18.4 million or 2.3% ( 2.3 % ) from 2007 . this increase includes $ 37.2 million in salaries resulting from an 8.4% ( 8.4 % ) increase in our average staff count and an increase of our associates 2019 base salaries at the beginning of the year . at december 31 , 2008 , we employed 5385 associates , up 6.0% ( 6.0 % ) from the end of 2007 , primarily to add capabilities and support increased volume-related activities and other growth over the past few years . over the course of 2008 , we slowed the growth of our associate base from earlier plans and the prior year . we also reduced our annual bonuses $ 27.6 million versus the 2007 year in response to unfavorable financial market conditions that negatively impacted our operating results . the balance of the increase is attributable to higher employee benefits and employment-related expenses , including an increase of $ 5.7 million in stock-based compensation . after higher spending during the first quarter of 2008 versus 2007 , investor sentiment in the uncertain and volatile market environment caused us to reduce advertising and promotion spending , which for the year was down $ 3.8 million from 2007 . occupancy and facility costs together with depreciation expense increased $ 18 million , or 12% ( 12 % ) compared to 2007 . we expanded and renovated our facilities in 2008 to accommodate the growth in our associates to meet business demands . other operating expenses were up $ 3.3 million from 2007 . we increased our spending $ 9.8 million , primarily for professional fees and information and other third-party services . reductions in travel and charitable contributions partially offset these increases . our non-operating investment activity resulted in a net loss of $ 52.3 million in 2008 as compared to a net gain of $ 80.4 million in 2007 . this change of $ 132.7 million is primarily attributable to losses recognized in 2008 on our investments in sponsored mutual funds , which resulted from declines in financial market values during the year. .
||2007|2008|change|
|capital gain distributions received|$ 22.1|$ 5.6|$ -16.5 ( 16.5 )|
|other than temporary impairments recognized|-.3 ( .3 )|-91.3 ( 91.3 )|-91.0 ( 91.0 )|
|net gains ( losses ) realized onfund dispositions|5.5|-4.5 ( 4.5 )|-10.0 ( 10.0 )|
|net gain ( loss ) recognized on fund holdings|$ 27.3|$ -90.2 ( 90.2 )|$ -117.5 ( 117.5 )|
we recognized other than temporary impairments of our investments in sponsored mutual funds because of declines in fair value below cost for an extended period . the significant declines in fair value below cost that occurred in 2008 were generally attributable to adverse market conditions . in addition , income from money market and bond fund holdings was $ 19.3 million lower than in 2007 due to the significantly lower interest rate environment of 2008 . lower interest rates also led to substantial capital appreciation on our $ 40 million holding of u.s . treasury notes that we sold in december 2008 at a $ 2.6 million gain . the 2008 provision for income taxes as a percentage of pretax income is 38.4% ( 38.4 % ) , up from 37.7% ( 37.7 % ) in 2007 , primarily to reflect changes in state income tax rates and regulations and certain adjustments made prospectively based on our annual income tax return filings for 2007 . 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 2009 , stockholders 2019 equity increased from $ 2.5 billion to $ 2.9 billion . we repurchased nearly 2.3 million common shares for $ 67 million in 2009 . tangible book value is $ 2.2 billion at december 31 , 2009 , and our cash and cash equivalents and our mutual fund investment holdings total $ 1.4 billion . given the availability of these financial resources , we do not maintain an available external source of liquidity . on january 20 , 2010 , we purchased a 26% ( 26 % ) equity interest in uti asset management company and an affiliate for $ 142.4 million . we funded the acquisition from our cash holdings . in addition to the pending uti acquisition , we had outstanding commitments to fund other investments totaling $ 35.4 million at december 31 , 2009 . we presently anticipate funding 2010 property and equipment expenditures of about $ 150 million from our cash balances and operating cash inflows . 22 t . rowe price group annual report 2009 .
Question: what percentage of tangible book value is made up of cash and cash equivalents and mutual fund investment holdings at december 31 , 2009? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
457.0 | Context:table of contents research and development expense ( 201cr&d 201d ) r&d expense increased 34% ( 34 % ) or $ 449 million to $ 1.8 billion in 2010 compared to 2009 . this increase was due primarily to an increase in headcount and related expenses in the current year to support expanded r&d activities . also contributing to this increase in r&d expense in 2010 was the capitalization in 2009 of software development costs of $ 71 million related to mac os x snow leopard . although total r&d expense increased 34% ( 34 % ) during 2010 , it declined as a percentage of net sales given the 52% ( 52 % ) year-over-year increase in net sales in 2010 . the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy . as such , the company expects to make further investments in r&d to remain competitive . r&d expense increased 20% ( 20 % ) or $ 224 million to $ 1.3 billion in 2009 compared to 2008 . this increase was due primarily to an increase in headcount in 2009 to support expanded r&d activities and higher stock-based compensation expenses . additionally , $ 71 million of software development costs were capitalized related to mac os x snow leopard and excluded from r&d expense during 2009 , compared to $ 11 million of software development costs capitalized during 2008 . although total r&d expense increased 20% ( 20 % ) during 2009 , it remained relatively flat as a percentage of net sales given the 14% ( 14 % ) increase in revenue in 2009 . selling , general and administrative expense ( 201csg&a 201d ) sg&a expense increased $ 1.4 billion or 33% ( 33 % ) to $ 5.5 billion in 2010 compared to 2009 . this increase was due primarily to the company 2019s continued expansion of its retail segment , higher spending on marketing and advertising programs , increased stock-based compensation expenses and variable costs associated with the overall growth of the company 2019s net sales . sg&a expenses increased $ 388 million or 10% ( 10 % ) to $ 4.1 billion in 2009 compared to 2008 . this increase was due primarily to the company 2019s continued expansion of its retail segment in both domestic and international markets , higher stock-based compensation expense and higher spending on marketing and advertising . other income and expense other income and expense for the three years ended september 25 , 2010 , are as follows ( in millions ) : total other income and expense decreased $ 171 million or 52% ( 52 % ) to $ 155 million during 2010 compared to $ 326 million and $ 620 million in 2009 and 2008 , respectively . the overall decrease in other income and expense is attributable to the significant declines in interest rates on a year- over-year basis , partially offset by the company 2019s higher cash , cash equivalents and marketable securities balances . the weighted average interest rate earned by the company on its cash , cash equivalents and marketable securities was 0.75% ( 0.75 % ) , 1.43% ( 1.43 % ) and 3.44% ( 3.44 % ) during 2010 , 2009 and 2008 , respectively . additionally the company incurred higher premium expenses on its foreign exchange option contracts , which further reduced the total other income and expense . during 2010 , 2009 and 2008 , the company had no debt outstanding and accordingly did not incur any related interest expense . provision for income taxes the company 2019s effective tax rates were 24% ( 24 % ) , 32% ( 32 % ) and 32% ( 32 % ) for 2010 , 2009 and 2008 , respectively . the company 2019s effective rates for these periods differ from the statutory federal income tax rate of 35% ( 35 % ) due .
||2010|2009|2008|
|interest income|$ 311|$ 407|$ 653|
|other income ( expense ) net|-156 ( 156 )|-81 ( 81 )|-33 ( 33 )|
|total other income and expense|$ 155|$ 326|$ 620|
.
Question: for the three year period , what was the average interest income in millions? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
331.0 | Context:table of contents company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p computer hardware index , and the dow jones u.s . technology supersector index as of the market close on september 30 , 2008 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . fiscal year ending september 30 . copyright 2013 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright 2013 dow jones & co . all rights reserved . *$ 100 invested on 9/30/08 in stock or index , including reinvestment of dividends . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 .
||september 30 2008|september 30 2009|september 30 2010|september 30 2011|september 30 2012|september 30 2013|
|apple inc .|$ 100|$ 163|$ 250|$ 335|$ 589|$ 431|
|s&p 500 index|$ 100|$ 93|$ 103|$ 104|$ 135|$ 161|
|s&p computer hardware index|$ 100|$ 118|$ 140|$ 159|$ 255|$ 197|
|dow jones us technology supersector index|$ 100|$ 111|$ 124|$ 128|$ 166|$ 175|
.
Question: what was the cumulative change in value for apple inc . between 2008 and 2013? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.04969 | Context:the regulatory credit resulting from reduction of the federal corporate income tax rate variance is due to the reduction of the vidalia purchased power agreement regulatory liability by $ 30.5 million and the reduction of the louisiana act 55 financing savings obligation regulatory liabilities by $ 25 million as a result of the enactment of the tax cuts and jobs act , in december 2017 , which lowered the federal corporate income tax rate from 35% ( 35 % ) to 21% ( 21 % ) . the effects of the tax cuts and jobs act are discussed further in note 3 to the financial statements . the grand gulf recovery variance is primarily due to increased recovery of higher operating costs . the louisiana act 55 financing savings obligation variance results from a regulatory charge in 2016 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 . the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales , partially offset by an increase in industrial usage . the increase in industrial usage is primarily due to new customers in the primary metals industry and expansion projects and an increase in demand for existing customers in the chlor-alkali industry . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) .
||amount ( in millions )|
|2016 net revenue|$ 1542|
|fitzpatrick sale|-158 ( 158 )|
|nuclear volume|-89 ( 89 )|
|fitzpatrick reimbursement agreement|57|
|nuclear fuel expenses|108|
|other|9|
|2017 net revenue|$ 1469|
as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 73 million in 2017 primarily due to the absence of net revenue from the fitzpatrick plant after it was sold to exelon in march 2017 and lower volume in the entergy wholesale commodities nuclear fleet resulting from more outage days in 2017 as compared to 2016 . the decrease was partially offset by an increase resulting from the reimbursement agreement with exelon pursuant to which exelon reimbursed entergy for specified out-of-pocket costs associated with preparing for the refueling and operation of fitzpatrick that otherwise would have been avoided had entergy shut down fitzpatrick in january 2017 and a decrease in nuclear fuel expenses primarily related to the impairments of the indian point 2 , indian point 3 , and palisades plants and related assets . revenues received from exelon in 2017 under the reimbursement agreement are offset by other operation and maintenance expenses and taxes other than income taxes and had no effect on net income . see note 14 to the financial statements for discussion of the sale of fitzpatrick , the reimbursement agreement with exelon , and the impairments and related charges . entergy corporation and subsidiaries management 2019s financial discussion and analysis .
Question: what is the percent change in net revenue from 2016 to 2017? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.33989 | Context:five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2011 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 . the following table presents common stock repurchases during each month for the fourth quarter of 2016 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .
|period|total number of shares purchased [a]|average price paid per share|total number of shares purchased as part of a publicly announcedplan or program [b]|maximum number of shares remaining under the plan or program [b]|
|oct . 1 through oct . 31|3501308|$ 92.89|3452500|23769426|
|nov . 1 through nov . 30|2901167|95.68|2876067|20893359|
|dec . 1 through dec . 31|3296652|104.30|3296100|17597259|
|total|9699127|$ 97.60|9624667|n/a|
[a] total number of shares purchased during the quarter includes approximately 74460 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions . on november 17 , 2016 , our board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . the new authorization was effective january 1 , 2017 , and replaces the previous authorization , which expired on december 31 , 2016. .
Question: for the fourth quarter of 2016 what was the total number of shares purchased in december | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-31.9 | Context:entergy louisiana , llc management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2008 to 2007 . amount ( in millions ) .
||amount ( in millions )|
|2007 net revenue|$ 991.1|
|retail electric price|-17.1 ( 17.1 )|
|purchased power capacity|-12.0 ( 12.0 )|
|net wholesale revenue|-7.4 ( 7.4 )|
|other|4.6|
|2008 net revenue|$ 959.2|
the retail electric price variance is primarily due to the cessation of the interim storm recovery through the formula rate plan upon the act 55 financing of storm costs and a credit passed on to customers as a result of the act 55 storm cost financing , partially offset by increases in the formula rate plan effective october 2007 . refer to "hurricane rita and hurricane katrina" and "state and local rate regulation" below for a discussion of the interim recovery of storm costs , the act 55 storm cost financing , and the formula rate plan filing . the purchased power capacity variance is due to the amortization of deferred capacity costs effective september 2007 as a result of the formula rate plan filing in may 2007 . purchased power capacity costs are offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges . see "state and local rate regulation" below for a discussion of the formula rate plan filing . the net wholesale revenue variance is primarily due to provisions recorded for potential rate refunds related to the treatment of interruptible load in pricing entergy system affiliate sales . gross operating revenue and , fuel and purchased power expenses gross operating revenues increased primarily due to an increase of $ 364.7 million in fuel cost recovery revenues due to higher fuel rates offset by decreased usage . the increase was partially offset by a decrease of $ 56.8 million in gross wholesale revenue due to a decrease in system agreement rough production cost equalization credits . fuel and purchased power expenses increased primarily due to increases in the average market prices of natural gas and purchased power , partially offset by a decrease in the recovery from customers of deferred fuel costs. .
Question: what is the net change in net revenue during 2008? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
-0.21 | Context:fund collateral , net of the distribution of interest earned to the clearing firms , as well as an increase in trading volumes and the reduction of restricted cash related to the cme clearing europe limited ( cmece ) guaranty the increase in 2016 when compared with 2015 was attributable to higher clearing and transaction fees and market data revenue . investing activities the increases in cash provided by investing activities from 2015 through 2017 were due to proceeds from the sale of bm&fbovespa shares as well as declines in purchases of property and equipment . the increase in 2017 when compared with 2016 was also attributable to the sale of the remaining bolsa mexicana de valores , s.a.b . de c.v . shares . financing activities the increases in cash used by financing activities from 2015 through 2017 were attributable to higher cash dividends declared in 2017 and 2016 . the increase in 2016 was partially offset by proceeds from a finance lease obligation related to the sale leaseback of the datacenter in the first quarter of 2016 . debt instruments the following table summarizes our debt outstanding as of december 31 , 2017: .
|( in millions )|par value|
|fixed rate notes due september 2022 stated rate of 3.00% ( 3.00 % ) ( 1 )|$ 750.0|
|fixed rate notes due march 2025 stated rate of 3.00% ( 3.00 % ) ( 2 )|750.0|
|fixed rate notes due september 2043 stated rate of 5.30% ( 5.30 % ) ( 3 )|750.0|
fixed rate notes due september 2022 , stated rate of 3.00% ( 3.00 % ) ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 750.0 fixed rate notes due march 2025 , stated rate of 3.00% ( 3.00 % ) ( 2 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750.0 fixed rate notes due september 2043 , stated rate of 5.30% ( 5.30 % ) ( 3 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750.0 ( 1 ) in august 2012 , we entered into a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.32% ( 3.32 % ) . ( 2 ) in december 2014 , we entered into a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.11% ( 3.11 % ) . ( 3 ) in august 2012 , we entered into a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable effectively became fixed at a rate of 4.73% ( 4.73 % ) . we maintain a $ 2.3 billion multi-currency revolving senior credit facility with various financial institutions , which matures in november 2022 . the proceeds from this facility can be used for general corporate purposes , which includes providing liquidity for our clearing house in certain circumstances at cme group 2019s discretion and , if necessary , for maturities of commercial paper . as long as we are not in default under this facility , we have the option to increase it up to $ 3.0 billion with the consent of the agent and lenders providing the additional funds . this facility is voluntarily pre-payable from time to time without premium or penalty . under this facility , we are required to remain in compliance with a consolidated net worth test , which is defined as our consolidated shareholders 2019 equity at september 30 , 2017 , giving effect to share repurchases made and special dividends paid during the term of the agreements ( and in no event greater than $ 2.0 billion in aggregate ) , multiplied by 0.65 . we currently do not have any borrowings outstanding under this facility . we maintain a 364-day multi-currency revolving secured credit facility with a consortium of domestic and international banks to be used in certain situations by cme clearing . the facility provides for borrowings of up to $ 7.0 billion . we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default , in the event of a liquidity constraint or default by a depositary ( custodian for our collateral ) , or in the event of a temporary disruption with the domestic payments system that would delay payment of settlement variation between us and our clearing firms . clearing firm guaranty fund contributions received in the form of .
Question: what was the decrease in the interest payable between august 2012 and in december 2014? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.56769 | Context:notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries . the amount of parent company guarantees on lease obligations was $ 410.3 and $ 385.1 as of december 31 , 2012 and 2011 , respectively , and the amount of parent company guarantees primarily relating to credit facilities was $ 283.4 and $ 327.5 as of december 31 , 2012 and 2011 , respectively . in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee . as of december 31 , 2012 , there were no material assets pledged as security for such parent company guarantees . contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 .
||2013|2014|2015|2016|2017|thereafter|total|
|deferred acquisition payments|$ 26.0|$ 12.4|$ 9.7|$ 46.4|$ 18.9|$ 2.0|$ 115.4|
|redeemable noncontrolling interests and call options with affiliates1|20.5|43.8|32.9|5.7|2.2|10.6|115.7|
|total contingent acquisition payments|46.5|56.2|42.6|52.1|21.1|12.6|231.1|
|less : cash compensation expense included above|-0.7 ( 0.7 )|-0.6 ( 0.6 )|-0.8 ( 0.8 )|-0.2 ( 0.2 )|0.0|0.0|-2.3 ( 2.3 )|
|total|$ 45.8|$ 55.6|$ 41.8|$ 51.9|$ 21.1|$ 12.6|$ 228.8|
1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions . we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2012 . these estimated payments of $ 16.4 are included within the total payments expected to be made in 2013 , and will continue to be carried forward into 2014 or beyond until exercised or expired . redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities . the estimated amounts listed would be paid in the event of exercise at the earliest exercise date . see note 6 for further information relating to the payment structure of our acquisitions . all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress . legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities , arising in the normal course of business . we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated . in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages . while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows . note 15 : recent accounting standards impairment of indefinite-lived intangible assets in july 2012 , the financial accounting standards board ( 201cfasb 201d ) issued amended guidance to simplify impairment testing of indefinite-lived intangible assets other than goodwill . the amended guidance permits an entity to first assess qualitative factors to determine whether it is 201cmore likely than not 201d that the indefinite-lived intangible asset is impaired . if , after assessing qualitative factors , an entity concludes that it is not 201cmore likely than not 201d that the indefinite-lived intangible .
Question: in 2013 what was the percent of future contingent acquisition obligations payable in cash for deferred acquisition payments | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.018 | Context:determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system . as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 . of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation . the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 . this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards . the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates . net operating losses in canada have various carryforward periods and began expiring in 2007 . net operating losses in germany have no expiration date . net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 . however , these losses are not available for use under the new ietu tax regulations in mexico . as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards . the company adopted the provisions of fin 48 effective january 1 , 2007 . fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements . fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition . as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million . in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities . liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) .
||year ended december 31 2007 ( in $ millions )|
|balance as of january 1 2007|193|
|increases in tax positions for the current year|2|
|increases in tax positions for prior years|28|
|decreases in tax positions of prior years|-21 ( 21 )|
|settlements|-2 ( 2 )|
|balance as of december 31 2007|200|
included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate . the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes . as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties . this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 . the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore . examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 . during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 . the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million . the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what is the percent of interest and penalties as part of the unrecognized tax benefits as of december 312007 | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
300000.0 | Context:the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: .
|distribution facility location|approximate square footage|owned/leased facility|
|franklin kentucky|833000|owned|
|pendleton indiana|764000|owned|
|macon georgia|684000|owned|
|waco texas|666000|owned|
|casa grande arizona|650000|owned|
|hagerstown maryland ( a )|482000|owned|
|hagerstown maryland ( a )|309000|leased|
|waverly nebraska|422000|owned|
|seguin texas ( b )|71000|owned|
|lakewood washington|64000|leased|
|longview texas ( b )|63000|owned|
longview , texas ( b ) 63000 owned ( a ) the leased facility in hagerstown is treated as an extension of the existing owned hagerstown location and is not considered a separate distribution center . ( b ) this is a mixing center designed to process certain high-volume bulk products . the company 2019s store support center occupies approximately 260000 square feet of owned building space in brentwood , tennessee , and the company 2019s merchandising innovation center occupies approximately 32000 square feet of leased building space in nashville , tennessee . the company also leases approximately 8000 square feet of building space for the petsense corporate headquarters located in scottsdale , arizona . in fiscal 2017 , we began construction on a new northeast distribution center in frankfort , new york , as well as an expansion of our existing distribution center in waverly , nebraska , which will provide additional distribution capacity once construction is completed . item 3 . legal proceedings item 103 of sec regulation s-k requires disclosure of certain environmental legal proceedings if the proceeding reasonably involves potential monetary sanctions of $ 100000 or more . we periodically receive information requests and notices of potential noncompliance with environmental laws and regulations from governmental agencies , which are addressed on a case-by-case basis with the relevant agency . the company received a subpoena from the district attorney of yolo county , california , requesting records and information regarding its hazardous waste management and disposal practices in california . the company and the office of the district attorney of yolo county engaged in settlement discussions which resulted in the settlement of the matter . a consent decree reflecting the terms of settlement was filed with the yolo county superior court on june 23 , 2017 . under the settlement , the company agreed to a compliance plan and also agreed to pay a civil penalty and fund supplemental environmental projects furthering consumer protection and environmental enforcement in california . the civil penalty did not differ materially from the amount accrued . the cost of the settlement and the compliance with the consent decree will not have a material effect on our consolidated financial position , results of operations or cash flows . the company is also involved in various litigation matters arising in the ordinary course of business . the company believes that any estimated loss related to such matters has been adequately provided for in accrued liabilities to the extent probable and reasonably estimable . accordingly , the company currently expects these matters will be resolved without material adverse effect on its consolidated financial position , results of operations or cash flows . item 4 . mine safety disclosures not applicable. .
Question: what is the total square footage of properties charged to sg&a and not cost of sales? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
500100000.0 | Context:part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2013 , there were 75100 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by the board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment . the board presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non- bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the federal reserve 2019s 2013 comprehensive capital analysis and review ( ccar ) as part of its supervisory assessment of capital adequacy described under 201csupervision and regulation 201d in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see 201csupervision and regulation 201d in item 1 of this report , 201cfunding and capital sources 201d in the consolidated balance sheet review section , 201cliquidity risk management 201d in the risk management section , and 201ctrust preferred securities 201d in the off-balance sheet arrangements and variable interest entities section of item 7 of this report , and note 14 capital securities of subsidiary trusts and perpetual trust securities and note 22 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference additional information relating to pnc common stock under the caption 201ccommon stock prices/dividends declared 201d in the statistical information ( unaudited ) section of item 8 of this report . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2012 in the table ( with introductory paragraph and notes ) that appears in item 12 of this report . our registrar , stock transfer agent , and dividend disbursing agent is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 we include here by reference the information that appears under the caption 201ccommon stock performance graph 201d at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2012 are included in the following table : in thousands , except per share data 2012 period ( a ) total shares purchased ( b ) average paid per total shares purchased as part of publicly announced programs ( c ) maximum number of shares that may yet be purchased under the programs ( c ) .
|2012 period ( a )|total sharespurchased ( b )|averagepricepaid pershare|total sharespurchased aspartofpubliclyannouncedprograms ( c )|maximumnumber ofshares thatmay yet bepurchasedundertheprograms ( c )|
|october 1 2013 31|13|$ 60.05||22552|
|november 1 2013 30|750|$ 55.08|750|21802|
|december 1 2013 31|292|$ 55.74|251|21551|
|total|1055|$ 55.32|1001||
( a ) in addition to the repurchases of pnc common stock during the fourth quarter of 2012 included in the table above , pnc redeemed all 5001 shares of its series m preferred stock on december 10 , 2012 as further described below . as part of the national city transaction , we established the pnc non-cumulative perpetual preferred stock , series m ( the 201cseries m preferred stock 201d ) , which mirrored in all material respects the former national city non-cumulative perpetual preferred stock , series e . on december 10 , 2012 , pnc issued $ 500.1 million aggregate liquidation amount ( 5001 shares ) of the series m preferred stock to the national city preferred capital trust i ( the 201ctrust 201d ) as required pursuant to the settlement of a stock purchase contract agreement between the trust and pnc dated as of january 30 , 2008 . immediately upon such issuance , pnc redeemed all 5001 shares of the series m preferred stock from the trust on december 10 , 2012 at a redemption price equal to $ 100000 per share . ( b ) includes pnc common stock purchased under the program referred to in note ( c ) to this table and pnc common stock purchased in connection with our various employee benefit plans . note 15 employee benefit plans and note 16 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit plans that use pnc common stock . ( c ) our current stock repurchase program allows us to purchase up to 25 million shares on the open market or in privately negotiated transactions . this program was authorized on october 4 , 2007 and will remain in effect until fully utilized or until modified , superseded or terminated . the extent and timing of share repurchases under this program will depend on a number of factors including , among others , market and general economic conditions , economic capital and regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the impact of the federal reserve 2019s supervisory assessment of capital adequacy program . the pnc financial services group , inc . 2013 form 10-k 27 .
Question: when pnc redeemed all shares of the series m preferred stock from the trust on december 10 , 2012 , what was the total cash cost of the redemption? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.21489 | Context:advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
|allowance for doubtful accounts receivable:|balance atbeginningof period|charges toexpenses|deductions||balance atend ofperiod|
|january 3 2015|$ 13295|$ 17182|$ -14325 ( 14325 )|-1 ( 1 )|$ 16152|
|january 2 2016|16152|22067|-12461 ( 12461 )|-1 ( 1 )|25758|
|december 31 2016|25758|24597|-21191 ( 21191 )|-1 ( 1 )|29164|
advance auto parts , inc . schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period . these amounts did not impact the company 2019s statement of operations for any year presented . note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the percentage change in the balance of allowance for doubtful accounts receivable during 2015? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
0.0 | Context:the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively . the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively . in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units . restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years . the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period . beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests . in 2012 , the company also granted 138410 performance shares . the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period . the vesting of these shares is contingent on meeting stated performance or market conditions . the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 . . . . . . . . . . . . . . 1432610 $ 57 .
||number of shares|weightedaveragegrant datefair value|
|outstanding at december 31 2011|1432610|$ 57|
|granted|1073798|54|
|vested|-366388 ( 366388 )|55|
|cancelled|-226493 ( 226493 )|63|
|outstanding at december 31 2012|1913527|54|
outstanding at december 31 , 2012 . . . . . . . . . . . . . . 1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively . eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration . shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market . compensation expense is recognized on the dates of purchase for the discount from the closing price . in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees . these shares are subject to a six-month holding period . annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively . non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 . non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution . as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively . these shares are not subject to any vesting restrictions . expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively . 19 . fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments . level 1 assets generally include u.s . treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices . if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable . assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s . government agency securities and interest rate swap contracts . asset-backed securities , municipal bonds and u.s . government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings . the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .
Question: in 2012 what was the percentage increase in the number of shares outstanding | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
110.30247 | Context:sales of unregistered securities not applicable . repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2016 to december 31 , 2016 . total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .
||total number ofshares ( or units ) purchased1|average price paidper share ( or unit ) 2|total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3|maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3|
|october 1 - 31|2099169|$ 22.28|2099169|$ 218620420|
|november 1 - 30|1454402|$ 22.79|1453049|$ 185500851|
|december 1 - 31|1269449|$ 23.93|1258700|$ 155371301|
|total|4823020|$ 22.87|4810918||
1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) . we repurchased no withheld shares in october 2016 , 1353 withheld shares in november 2016 and 10749 withheld shares in december 2016 , for a total of 12102 withheld shares during the three-month period . 2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program . 3 in february 2016 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2016 share repurchase program 201d ) . on february 10 , 2017 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock . the new authorization is in addition to any amounts remaining for repurchase under the 2016 share repurchase program . there is no expiration date associated with the share repurchase programs. .
Question: how is the treasury stock affected after the stock repurchases in the last three months of 2016 , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
2.72072 | Context:60 the pnc financial services group , inc . 2013 form 10-k liquidity and capital management liquidity risk has two fundamental components . the first is potential loss assuming we were unable to meet our funding requirements at a reasonable cost . the second is the potential inability to operate our businesses because adequate contingent liquidity is not available . we manage liquidity risk at the consolidated company level ( bank , parent company , and nonbank subsidiaries combined ) to help ensure that we can obtain cost-effective funding to meet current and future obligations under both normal 201cbusiness as usual 201d and stressful circumstances , and to help ensure that we maintain an appropriate level of contingent liquidity . management monitors liquidity through a series of early warning indicators that may indicate a potential market , or pnc-specific , liquidity stress event . in addition , management performs a set of liquidity stress tests over multiple time horizons with varying levels of severity and maintains a contingency funding plan to address a potential liquidity stress event . in the most severe liquidity stress simulation , we assume that our liquidity position is under pressure , while the market in general is under systemic pressure . the simulation considers , among other things , the impact of restricted access to both secured and unsecured external sources of funding , accelerated run-off of customer deposits , valuation pressure on assets and heavy demand to fund committed obligations . parent company liquidity guidelines are designed to help ensure that sufficient liquidity is available to meet our parent company obligations over the succeeding 24-month period . liquidity-related risk limits are established within our enterprise liquidity management policy and supporting policies . management committees , including the asset and liability committee , and the board of directors and its risk committee regularly review compliance with key established limits . in addition to these liquidity monitoring measures and tools described above , we also monitor our liquidity by reference to the liquidity coverage ratio ( lcr ) which is further described in the supervision and regulation section in item 1 of this report . pnc and pnc bank calculate the lcr on a daily basis and as of december 31 , 2017 , the lcr for pnc and pnc bank exceeded the fully phased-in requirement of we provide additional information regarding regulatory liquidity requirements and their potential impact on us in the supervision and regulation section of item 1 business and item 1a risk factors of this report . sources of liquidity our largest source of liquidity on a consolidated basis is the customer deposit base generated by our banking businesses . these deposits provide relatively stable and low-cost funding . total deposits increased to $ 265.1 billion at december 31 , 2017 from $ 257.2 billion at december 31 , 2016 , driven by higher consumer and commercial deposits . consumer deposits reflected in part a shift from money market deposits to relationship-based savings products . commercial deposits reflected a shift from demand deposits to money market deposits primarily due to higher interest rates in 2017 . additionally , certain assets determined by us to be liquid and unused borrowing capacity from a number of sources are also available to manage our liquidity position . at december 31 , 2017 , our liquid assets consisted of short- term investments ( federal funds sold , resale agreements , trading securities and interest-earning deposits with banks ) totaling $ 33.0 billion and securities available for sale totaling $ 57.6 billion . the level of liquid assets fluctuates over time based on many factors , including market conditions , loan and deposit growth and balance sheet management activities . of our total liquid assets of $ 90.6 billion , we had $ 3.2 billion of securities available for sale and trading securities pledged as collateral to secure public and trust deposits , repurchase agreements and for other purposes . in addition , $ 4.9 billion of securities held to maturity were also pledged as collateral for these purposes . we also obtain liquidity through various forms of funding , including long-term debt ( senior notes , subordinated debt and fhlb advances ) and short-term borrowings ( securities sold under repurchase agreements , commercial paper and other short-term borrowings ) . see note 10 borrowed funds and the funding sources section of the consolidated balance sheet review in this report for additional information related to our borrowings . total senior and subordinated debt , on a consolidated basis , increased due to the following activity : table 25 : senior and subordinated debt .
|in billions|2017|
|january 1|$ 31.0|
|issuances|7.1|
|calls and maturities|-4.6 ( 4.6 )|
|other|-.2 ( .2 )|
|december 31|$ 33.3|
.
Question: 2017 ending total liquid assets were what percent of total senior and subordinated debt? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
5805209.0 | Context:off-balance sheet transactions contractual obligations as of december 31 , 2017 , our contractual obligations with initial or remaining terms in excess of one year , including interest payments on long-term debt obligations , were as follows ( in thousands ) : the table above does not include $ 0.5 million of unrecognized tax benefits ( we refer you to the notes to the consolidated financial statements note 201410 201cincome tax 201d ) . certain service providers may require collateral in the normal course of our business . the amount of collateral may change based on certain terms and conditions . as a routine part of our business , depending on market conditions , exchange rates , pricing and our strategy for growth , we regularly consider opportunities to enter into contracts for the building of additional ships . we may also consider the sale of ships , potential acquisitions and strategic alliances . if any of these transactions were to occur , they may be financed through the incurrence of additional permitted indebtedness , through cash flows from operations , or through the issuance of debt , equity or equity-related securities . funding sources certain of our debt agreements contain covenants that , among other things , require us to maintain a minimum level of liquidity , as well as limit our net funded debt-to-capital ratio , maintain certain other ratios and restrict our ability to pay dividends . substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt . we believe we were in compliance with these covenants as of december 31 , 2017 . the impact of changes in world economies and especially the global credit markets can create a challenging environment and may reduce future consumer demand for cruises and adversely affect our counterparty credit risks . in the event this environment deteriorates , our business , financial condition and results of operations could be adversely impacted . we believe our cash on hand , expected future operating cash inflows , additional available borrowings under our new revolving loan facility and our ability to issue debt securities or additional equity securities , will be sufficient to fund operations , debt payment requirements , capital expenditures and maintain compliance with covenants under our debt agreements over the next twelve-month period . there is no assurance that cash flows from operations and additional financings will be available in the future to fund our future obligations . less than 1 year 1-3 years 3-5 years more than 5 years long-term debt ( 1 ) $ 6424582 $ 619373 $ 1248463 $ 3002931 $ 1553815 operating leases ( 2 ) 131791 15204 28973 26504 61110 ship construction contracts ( 3 ) 6138219 1016892 1363215 1141212 2616900 port facilities ( 4 ) 138308 30509 43388 23316 41095 interest ( 5 ) 947967 218150 376566 203099 150152 other ( 6 ) 168678 54800 73653 23870 16355 .
||total|less than1 year|1-3 years|3-5 years|more than5 years|
|long-term debt ( 1 )|$ 6424582|$ 619373|$ 1248463|$ 3002931|$ 1553815|
|operating leases ( 2 )|131791|15204|28973|26504|61110|
|ship construction contracts ( 3 )|6138219|1016892|1363215|1141212|2616900|
|port facilities ( 4 )|138308|30509|43388|23316|41095|
|interest ( 5 )|947967|218150|376566|203099|150152|
|other ( 6 )|168678|54800|73653|23870|16355|
|total|$ 13949545|$ 1954928|$ 3134258|$ 4420932|$ 4439427|
( 1 ) includes discount and premiums aggregating $ 0.5 million . also includes capital leases . the amount excludes deferred financing fees which are included in the consolidated balance sheets as an offset to long-term debt . ( 2 ) primarily for offices , motor vehicles and office equipment . ( 3 ) for our newbuild ships based on the euro/u.s . dollar exchange rate as of december 31 , 2017 . export credit financing is in place from syndicates of banks . ( 4 ) primarily for our usage of certain port facilities . ( 5 ) includes fixed and variable rates with libor held constant as of december 31 , 2017 . ( 6 ) future commitments for service , maintenance and other business enhancement capital expenditure contracts. .
Question: what will be the balance of long-term debt after 1 year assuming that everything is paid as planned and no additional debt is raised? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |
1251.42857 | Context:performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 28 , 2007 through october 28 , 2012 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 28 , 2007 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * $ 100 invested on 10/28/07 in stock or 10/31/07 in index , including reinvestment of dividends . indexes calculated on month-end basis . copyright a9 2012 s&p , a division of the mcgraw-hill companies inc . all rights reserved. .
||10/28/2007|10/26/2008|10/25/2009|10/31/2010|10/30/2011|10/28/2012|
|applied materials|100.00|61.22|71.06|69.23|72.37|62.92|
|s&p 500 index|100.00|63.90|70.17|81.76|88.37|101.81|
|rdg semiconductor composite index|100.00|54.74|68.59|84.46|91.33|82.37|
dividends during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.09 per share each and one quarterly cash dividend in the amount of $ 0.08 per share . during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.08 per share each and one quarterly cash dividend in the amount of $ 0.07 per share . during fiscal 2010 , applied 2019s board of directors declared three quarterly cash dividends in the amount of $ 0.07 per share each and one quarterly cash dividend in the amount of $ 0.06 . dividends declared during fiscal 2012 , 2011 and 2010 amounted to $ 438 million , $ 408 million and $ 361 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . 10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12 applied materials , inc . s&p 500 rdg semiconductor composite .
Question: for how many common stock shares did the company pay dividends in 2012 , ( in millions ) ? | Please answer the given financial question based on the context.At the end of your response provide the finale answer in this format Answer: |