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what was the difference in percentage change in booking holding inc . and nasdaq composite index for the five years ended 2018? | Context: ['measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .']
--------
Data Table:
****************************************
• measurement pointdecember 31, booking holdings inc ., nasdaqcomposite index, s&p 500index, rdg internetcomposite
• 2013, 100.00, 100.00, 100.00, 100.00
• 2014, 98.09, 114.62, 113.69, 96.39
• 2015, 109.68, 122.81, 115.26, 133.20
• 2016, 126.12, 133.19, 129.05, 140.23
• 2017, 149.50, 172.11, 157.22, 202.15
• 2018, 148.18, 165.84, 150.33, 201.16
****************************************
--------
Follow-up: ['.'] | -0.1766 | BKNG/2018/page_34.pdf-3 | ['measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .'] | ['.'] | ****************************************
• measurement pointdecember 31, booking holdings inc ., nasdaqcomposite index, s&p 500index, rdg internetcomposite
• 2013, 100.00, 100.00, 100.00, 100.00
• 2014, 98.09, 114.62, 113.69, 96.39
• 2015, 109.68, 122.81, 115.26, 133.20
• 2016, 126.12, 133.19, 129.05, 140.23
• 2017, 149.50, 172.11, 157.22, 202.15
• 2018, 148.18, 165.84, 150.33, 201.16
**************************************** | subtract(148.18, const_100), divide(#0, const_100), subtract(165.84, const_100), divide(#2, const_100), subtract(#1, #3) | -0.1766 |
what percentage of total accounts payable and other current liabilities was accrued casualty costs at december 31 , 2011? | Context: ['are allocated using appropriate statistical bases .', 'total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 .', 'assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .', 'amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .', '12 .', 'accounts payable and other current liabilities dec .', '31 , dec .', '31 , millions 2011 2010 .']
######
Tabular Data:
----------------------------------------
millions | dec . 31 2011 | dec . 31 2010
----------|----------|----------
accounts payable | $ 819 | $ 677
income and other taxes | 482 | 337
accrued wages and vacation | 363 | 357
dividends payable | 284 | 183
accrued casualty costs | 249 | 325
interest payable | 197 | 200
equipment rents payable | 90 | 86
other | 624 | 548
total accounts payable and othercurrent liabilities | $ 3108 | $ 2713
----------------------------------------
######
Additional Information: ['13 .', 'financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .', 'we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .', 'derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .', 'we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .', 'changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .', 'we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements .', 'market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item .', 'we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements .', 'at december 31 , 2011 and 2010 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities .', 'determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows .', 'interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period .', 'we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings .', 'we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix .', 'in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities .', 'swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates .', 'we account for swaps as fair value .'] | 0.08012 | UNP/2011/page_76.pdf-4 | ['are allocated using appropriate statistical bases .', 'total expense for repairs and maintenance incurred was $ 2.2 billion for 2011 , $ 2.0 billion for 2010 , and $ 1.9 billion for 2009 .', 'assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease .', 'amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease .', '12 .', 'accounts payable and other current liabilities dec .', '31 , dec .', '31 , millions 2011 2010 .'] | ['13 .', 'financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices .', 'we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes .', 'derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period .', 'we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .', 'changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings .', 'we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements .', 'market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item .', 'we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements .', 'at december 31 , 2011 and 2010 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities .', 'determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows .', 'interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period .', 'we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings .', 'we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix .', 'in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities .', 'swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates .', 'we account for swaps as fair value .'] | ----------------------------------------
millions | dec . 31 2011 | dec . 31 2010
----------|----------|----------
accounts payable | $ 819 | $ 677
income and other taxes | 482 | 337
accrued wages and vacation | 363 | 357
dividends payable | 284 | 183
accrued casualty costs | 249 | 325
interest payable | 197 | 200
equipment rents payable | 90 | 86
other | 624 | 548
total accounts payable and othercurrent liabilities | $ 3108 | $ 2713
---------------------------------------- | divide(249, 3108) | 0.08012 |
what is the total value of purchased shares during october 2017 , in millions? | Pre-text: ['table of contents celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2017 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .']
######
Tabular Data:
Row 1: period, totalnumberof sharespurchased ( 1 ), averageprice paidper share, total numberof sharespurchased aspart of publiclyannounced program, approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )
Row 2: october 1 - 31 2017, 10676, $ 104.10, 2014, $ 1531000000
Row 3: november 1 - 30 2017, 924, $ 104.02, 2014, $ 1531000000
Row 4: december 1 - 31 2017, 38605, $ 106.36, 2014, $ 1531000000
Row 5: total, 50205, , 2014,
######
Follow-up: ['___________________________ ( 1 ) represents shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .', '( 2 ) our board of directors has authorized the aggregate repurchase of $ 3.9 billion of our common stock since february 2008 , including an increase of $ 1.5 billion on july 17 , 2017 .', "see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information. ."] | 1.11137 | CE/2017/page_37.pdf-1 | ['table of contents celanese purchases of its equity securities information regarding repurchases of our common stock during the three months ended december 31 , 2017 is as follows : period number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced program approximate dollar value of shares remaining that may be purchased under the program ( 2 ) .'] | ['___________________________ ( 1 ) represents shares withheld from employees to cover their statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock units .', '( 2 ) our board of directors has authorized the aggregate repurchase of $ 3.9 billion of our common stock since february 2008 , including an increase of $ 1.5 billion on july 17 , 2017 .', "see note 17 - stockholders' equity in the accompanying consolidated financial statements for further information. ."] | Row 1: period, totalnumberof sharespurchased ( 1 ), averageprice paidper share, total numberof sharespurchased aspart of publiclyannounced program, approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )
Row 2: october 1 - 31 2017, 10676, $ 104.10, 2014, $ 1531000000
Row 3: november 1 - 30 2017, 924, $ 104.02, 2014, $ 1531000000
Row 4: december 1 - 31 2017, 38605, $ 106.36, 2014, $ 1531000000
Row 5: total, 50205, , 2014, | multiply(10676, 104.10), divide(#0, const_1000000) | 1.11137 |
what percentage of operating lease payments are due after 5 years? | Pre-text: ['.']
########
Data Table:
****************************************
• contractual obligations, 2015, 2016, 2017, 2018, 2019, thereafter, total
• long-term obligations excluding capital leases, 888810, 753045, 700608, 1787451, 3159286, 7188751, 14477951
• cash interest expense, 550000, 517000, 485000, 399000, 315000, 654000, 2920000
• capital lease payments ( including interest ), 15589, 14049, 12905, 12456, 10760, 173313, 239072
• total debt service obligations, 1454399, 1284094, 1198513, 2198907, 3485046, 8016064, 17637023
• operating lease payments ( 11 ), 574438, 553864, 538405, 519034, 502847, 4214600, 6903188
• other non-current liabilities ( 12 ) ( 13 ), 11082, 20480, 5705, 13911, 4186, 1860071, 1915435
• total, $ 2039919, $ 1858438, $ 1742623, $ 2731852, $ 3992079, $ 14090735, $ 26455646
****************************************
########
Follow-up: ['( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 .', '( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 .', '( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 .', 'the gtp notes have anticipated repayment dates beginning june 15 , 2016 .', '( 4 ) assumed in connection with our acquisition of br towers and denominated in brl .', 'the br towers debenture amortizes through october 2023 .', 'the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 .', '( 6 ) denominated in mxn .', '( 7 ) denominated in zar and amortizes through march 31 , 2020 .', '( 8 ) denominated in cop and amortizes through april 24 , 2021 .', '( 9 ) reflects balances owed to our joint venture partners in ghana and uganda .', 'the ghana loan is denominated in ghs and the uganda loan is denominated in usd .', '( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof .', '( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases .', '( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash .', '( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled .', 'settlement of such amounts could require the use of cash flows generated from operations .', 'we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe .', 'however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .', 'off-balance sheet arrangements .', 'we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k .', 'interest rate swap agreements .', 'we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa .', 'all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 .', 'in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements .', 'additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .'] | 0.61053 | AMT/2014/page_88.pdf-2 | ['.'] | ['( 1 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2043 .', '( 2 ) represents anticipated repayment date ; final legal maturity date is march 15 , 2048 .', '( 3 ) in connection with our acquisition of mipt on october 1 , 2013 , we assumed approximately $ 1.49 billion aggregate principal amount of secured notes , $ 250.0 million of which we repaid in august 2014 .', 'the gtp notes have anticipated repayment dates beginning june 15 , 2016 .', '( 4 ) assumed in connection with our acquisition of br towers and denominated in brl .', 'the br towers debenture amortizes through october 2023 .', 'the br towers credit facility amortizes through january 15 , ( 5 ) assumed by us in connection with the unison acquisition , and have anticipated repayment dates of april 15 , 2017 , april 15 , 2020 and april 15 , 2020 , respectively , and a final maturity date of april 15 , 2040 .', '( 6 ) denominated in mxn .', '( 7 ) denominated in zar and amortizes through march 31 , 2020 .', '( 8 ) denominated in cop and amortizes through april 24 , 2021 .', '( 9 ) reflects balances owed to our joint venture partners in ghana and uganda .', 'the ghana loan is denominated in ghs and the uganda loan is denominated in usd .', '( 10 ) on february 11 , 2015 , we redeemed all of the outstanding 4.625% ( 4.625 % ) notes in accordance with the terms thereof .', '( 11 ) includes payments under non-cancellable initial terms , as well as payments for certain renewal periods at our option , which we expect to renew because failure to renew could result in a loss of the applicable communications sites and related revenues from tenant leases .', '( 12 ) primarily represents our asset retirement obligations and excludes certain other non-current liabilities included in our consolidated balance sheet , primarily our straight-line rent liability for which cash payments are included in operating lease payments and unearned revenue that is not payable in cash .', '( 13 ) excludes $ 26.6 million of liabilities for unrecognized tax positions and $ 24.9 million of accrued income tax related interest and penalties included in our consolidated balance sheet as we are uncertain as to when and if the amounts may be settled .', 'settlement of such amounts could require the use of cash flows generated from operations .', 'we expect the unrecognized tax benefits to change over the next 12 months if certain tax matters ultimately settle with the applicable taxing jurisdiction during this timeframe .', 'however , based on the status of these items and the amount of uncertainty associated with the outcome and timing of audit settlements , we are currently unable to estimate the impact of the amount of such changes , if any , to previously recorded uncertain tax positions .', 'off-balance sheet arrangements .', 'we have no material off-balance sheet arrangements as defined in item 303 ( a ) ( 4 ) ( ii ) of sec regulation s-k .', 'interest rate swap agreements .', 'we have entered into interest rate swap agreements to manage our exposure to variability in interest rates on debt in colombia and south africa .', 'all of our interest rate swap agreements have been designated as cash flow hedges and have an aggregate notional amount of $ 79.9 million , interest rates ranging from 5.74% ( 5.74 % ) to 7.83% ( 7.83 % ) and expiration dates through april 2021 .', 'in february 2014 , we repaid the costa rica loan and subsequently terminated the associated interest rate swap agreements .', 'additionally , in connection with entering into the colombian credit facility in october 2014 , we terminated our pre-existing interest rate .'] | ****************************************
• contractual obligations, 2015, 2016, 2017, 2018, 2019, thereafter, total
• long-term obligations excluding capital leases, 888810, 753045, 700608, 1787451, 3159286, 7188751, 14477951
• cash interest expense, 550000, 517000, 485000, 399000, 315000, 654000, 2920000
• capital lease payments ( including interest ), 15589, 14049, 12905, 12456, 10760, 173313, 239072
• total debt service obligations, 1454399, 1284094, 1198513, 2198907, 3485046, 8016064, 17637023
• operating lease payments ( 11 ), 574438, 553864, 538405, 519034, 502847, 4214600, 6903188
• other non-current liabilities ( 12 ) ( 13 ), 11082, 20480, 5705, 13911, 4186, 1860071, 1915435
• total, $ 2039919, $ 1858438, $ 1742623, $ 2731852, $ 3992079, $ 14090735, $ 26455646
**************************************** | divide(4214600, 6903188) | 0.61053 |
what is the total rent expense for all operating leases from continuing operations from 2017 to 2019? | Background: ['as of may 26 , 2019 , we expect to pay approximately $ 2.0 million of unrecognized tax benefit liabilities and accrued interest within the next 12 months .', 'we are not able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes .', 'the remaining amount of our unrecognized tax liability was classified in other liabilities .', 'we report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense .', 'for fiscal 2019 , we recognized $ 0.5 million of tax-related net interest and penalties , and had $ 26.0 million of accrued interest and penalties as of may 26 , 2019 .', 'for fiscal 2018 , we recognized a net benefit of $ 3.1 million of tax-related net interest and penalties , and had $ 27.3 million of accrued interest and penalties as of may 27 , 2018 .', 'note 15 .', 'leases , other commitments , and contingencies our leases are generally for warehouse space and equipment .', 'rent expense under all operating leases from continuing operations was $ 184.9 million in fiscal 2019 , $ 189.4 million in fiscal 2018 , and $ 188.1 million in fiscal 2017 .', 'some operating leases require payment of property taxes , insurance , and maintenance costs in addition to the rent payments .', 'contingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant .', 'noncancelable future lease commitments are : in millions operating leases capital leases .']
Table:
========================================
in millions | operating leases | capital leases
----------|----------|----------
fiscal 2020 | $ 120.0 | $ 0.2
fiscal 2021 | 101.7 | 0.1
fiscal 2022 | 85.0 | -
fiscal 2023 | 63.8 | -
fiscal 2024 | 49.1 | -
after fiscal 2024 | 63.0 | -
total noncancelable future lease commitments | $ 482.6 | $ 0.3
less : interest | | -
present value of obligations under capitalleases | | $ 0.3
========================================
Post-table: ['depreciation on capital leases is recorded as depreciation expense in our results of operations .', 'as of may 26 , 2019 , we have issued guarantees and comfort letters of $ 681.6 million for the debt and other obligations of consolidated subsidiaries , and guarantees and comfort letters of $ 133.9 million for the debt and other obligations of non-consolidated affiliates , mainly cpw .', 'in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 482.6 million as of may 26 , 2019 .', 'note 16 .', 'business segment and geographic information we operate in the packaged foods industry .', 'our operating segments are as follows : north america retail ; convenience stores & foodservice ; europe & australia ; asia & latin america ; and pet .', 'our north america retail operating segment reflects business with a wide variety of grocery stores , mass merchandisers , membership stores , natural food chains , drug , dollar and discount chains , and e-commerce grocery providers .', 'our product categories in this business segment are ready-to-eat cereals , refrigerated yogurt , soup , meal kits , refrigerated and frozen dough products , dessert and baking mixes , frozen pizza and pizza snacks , grain , fruit and savory snacks , and a wide variety of organic products including refrigerated yogurt , nutrition bars , meal kits , salty snacks , ready-to-eat cereal , and grain snacks. .'] | 562.4 | GIS/2019/page_104.pdf-1 | ['as of may 26 , 2019 , we expect to pay approximately $ 2.0 million of unrecognized tax benefit liabilities and accrued interest within the next 12 months .', 'we are not able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes .', 'the remaining amount of our unrecognized tax liability was classified in other liabilities .', 'we report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense .', 'for fiscal 2019 , we recognized $ 0.5 million of tax-related net interest and penalties , and had $ 26.0 million of accrued interest and penalties as of may 26 , 2019 .', 'for fiscal 2018 , we recognized a net benefit of $ 3.1 million of tax-related net interest and penalties , and had $ 27.3 million of accrued interest and penalties as of may 27 , 2018 .', 'note 15 .', 'leases , other commitments , and contingencies our leases are generally for warehouse space and equipment .', 'rent expense under all operating leases from continuing operations was $ 184.9 million in fiscal 2019 , $ 189.4 million in fiscal 2018 , and $ 188.1 million in fiscal 2017 .', 'some operating leases require payment of property taxes , insurance , and maintenance costs in addition to the rent payments .', 'contingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant .', 'noncancelable future lease commitments are : in millions operating leases capital leases .'] | ['depreciation on capital leases is recorded as depreciation expense in our results of operations .', 'as of may 26 , 2019 , we have issued guarantees and comfort letters of $ 681.6 million for the debt and other obligations of consolidated subsidiaries , and guarantees and comfort letters of $ 133.9 million for the debt and other obligations of non-consolidated affiliates , mainly cpw .', 'in addition , off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases , which totaled $ 482.6 million as of may 26 , 2019 .', 'note 16 .', 'business segment and geographic information we operate in the packaged foods industry .', 'our operating segments are as follows : north america retail ; convenience stores & foodservice ; europe & australia ; asia & latin america ; and pet .', 'our north america retail operating segment reflects business with a wide variety of grocery stores , mass merchandisers , membership stores , natural food chains , drug , dollar and discount chains , and e-commerce grocery providers .', 'our product categories in this business segment are ready-to-eat cereals , refrigerated yogurt , soup , meal kits , refrigerated and frozen dough products , dessert and baking mixes , frozen pizza and pizza snacks , grain , fruit and savory snacks , and a wide variety of organic products including refrigerated yogurt , nutrition bars , meal kits , salty snacks , ready-to-eat cereal , and grain snacks. .'] | ========================================
in millions | operating leases | capital leases
----------|----------|----------
fiscal 2020 | $ 120.0 | $ 0.2
fiscal 2021 | 101.7 | 0.1
fiscal 2022 | 85.0 | -
fiscal 2023 | 63.8 | -
fiscal 2024 | 49.1 | -
after fiscal 2024 | 63.0 | -
total noncancelable future lease commitments | $ 482.6 | $ 0.3
less : interest | | -
present value of obligations under capitalleases | | $ 0.3
======================================== | add(188.1, 189.4), add(#0, 184.9) | 562.4 |
what percentage of the total purchase consideration did goodwill represent? | Background: ['acquisition date ) .', 'realex is a leading european online payment gateway technology provider .', 'this acquisition furthered our strategy to provide omnichannel solutions that combine gateway services , payment service provisioning and payment technology services across europe .', 'this transaction was accounted for as a business combination .', 'we recorded the assets acquired , liabilities assumed and noncontrolling interest at their estimated fair values as of the acquisition date .', 'on october 5 , 2015 , we paid 20ac6.7 million ( $ 7.5 million equivalent as of october 5 , 2015 ) to acquire the remaining shares of realex , after which we own 100% ( 100 % ) of the outstanding shares .', 'the estimated acquisition date fair values of the assets acquired , liabilities assumed and the noncontrolling interest , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .']
##########
Tabular Data:
****************************************
cash, $ 4082
customer-related intangible assets, 16079
acquired technology, 39820
trade name, 3453
other intangible assets, 399
other assets, 6213
liabilities, -3479 ( 3479 )
deferred income tax liabilities, -7216 ( 7216 )
total identifiable net assets, 59351
goodwill, 66809
noncontrolling interest, -7280 ( 7280 )
total purchase consideration, $ 118880
****************************************
##########
Additional Information: ['goodwill of $ 66.8 million arising from the acquisition , included in the europe segment , was attributable to expected growth opportunities in europe , potential synergies from combining our existing business with gateway services and payment service provisioning in certain markets and an assembled workforce to support the newly acquired technology .', 'goodwill associated with this acquisition is not deductible for income tax purposes .', 'the customer-related intangible assets have an estimated amortization period of 16 years .', 'the acquired technology has an estimated amortization of 10 years .', 'the trade name has an estimated amortization period of 7 years .', 'ezidebit on october 10 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of ezi holdings pty ltd ( 201cezidebit 201d ) for aud302.6 million in cash ( $ 266.0 million equivalent as of the acquisition date ) .', 'this acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility .', 'ezidebit is a leading integrated payments company focused on recurring payments verticals in australia and new zealand .', 'the acquisition of ezidebit further enhanced our existing integrated solutions offerings .', 'this transaction was accounted for as a business combination .', 'we recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date .', '76 2013 global payments inc .', '| 2017 form 10-k annual report .'] | 0.56199 | GPN/2017/page_76.pdf-1 | ['acquisition date ) .', 'realex is a leading european online payment gateway technology provider .', 'this acquisition furthered our strategy to provide omnichannel solutions that combine gateway services , payment service provisioning and payment technology services across europe .', 'this transaction was accounted for as a business combination .', 'we recorded the assets acquired , liabilities assumed and noncontrolling interest at their estimated fair values as of the acquisition date .', 'on october 5 , 2015 , we paid 20ac6.7 million ( $ 7.5 million equivalent as of october 5 , 2015 ) to acquire the remaining shares of realex , after which we own 100% ( 100 % ) of the outstanding shares .', 'the estimated acquisition date fair values of the assets acquired , liabilities assumed and the noncontrolling interest , including a reconciliation to the total purchase consideration , are as follows ( in thousands ) : .'] | ['goodwill of $ 66.8 million arising from the acquisition , included in the europe segment , was attributable to expected growth opportunities in europe , potential synergies from combining our existing business with gateway services and payment service provisioning in certain markets and an assembled workforce to support the newly acquired technology .', 'goodwill associated with this acquisition is not deductible for income tax purposes .', 'the customer-related intangible assets have an estimated amortization period of 16 years .', 'the acquired technology has an estimated amortization of 10 years .', 'the trade name has an estimated amortization period of 7 years .', 'ezidebit on october 10 , 2014 , we completed the acquisition of 100% ( 100 % ) of the outstanding stock of ezi holdings pty ltd ( 201cezidebit 201d ) for aud302.6 million in cash ( $ 266.0 million equivalent as of the acquisition date ) .', 'this acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility .', 'ezidebit is a leading integrated payments company focused on recurring payments verticals in australia and new zealand .', 'the acquisition of ezidebit further enhanced our existing integrated solutions offerings .', 'this transaction was accounted for as a business combination .', 'we recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date .', '76 2013 global payments inc .', '| 2017 form 10-k annual report .'] | ****************************************
cash, $ 4082
customer-related intangible assets, 16079
acquired technology, 39820
trade name, 3453
other intangible assets, 399
other assets, 6213
liabilities, -3479 ( 3479 )
deferred income tax liabilities, -7216 ( 7216 )
total identifiable net assets, 59351
goodwill, 66809
noncontrolling interest, -7280 ( 7280 )
total purchase consideration, $ 118880
**************************************** | divide(66809, 118880) | 0.56199 |
what is the total square footage of properties charged to sg&a and not cost of sales? | Context: ['the following is a list of distribution locations including the approximate square footage and if the location is leased or owned: .']
########
Tabular Data:
****************************************
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
****************************************
########
Follow-up: ['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. .'] | 300000.0 | TSCO/2017/page_28.pdf-1 | ['the following is a list of distribution locations including the approximate square footage and if the location is leased or 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. .'] | ****************************************
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
**************************************** | add(8000, 260000), add(#0, 32000) | 300000.0 |
what was the total collateral of all types december 31 , 2009? | Pre-text: ['jpmorgan chase & co./2009 annual report 181 the following table shows the current credit risk of derivative receivables after netting adjustments , and the current liquidity risk of derivative payables after netting adjustments , as of december 31 , 2009. .']
----
Table:
december 31 2009 ( in millions ) | derivative receivables | derivative payables
----------|----------|----------
gross derivative fair value | $ 1565518 | $ 1519183
nettingadjustment 2013 offsetting receivables/payables | -1419840 ( 1419840 ) | -1419840 ( 1419840 )
nettingadjustment 2013 cash collateral received/paid | -65468 ( 65468 ) | -39218 ( 39218 )
carrying value on consolidated balance sheets | $ 80210 | $ 60125
----
Follow-up: ['in addition to the collateral amounts reflected in the table above , at december 31 , 2009 , the firm had received and posted liquid secu- rities collateral in the amount of $ 15.5 billion and $ 11.7 billion , respectively .', 'the firm also receives and delivers collateral at the initiation of derivative transactions , which is available as security against potential exposure that could arise should the fair value of the transactions move in the firm 2019s or client 2019s favor , respectively .', 'furthermore , the firm and its counterparties hold collateral related to contracts that have a non-daily call frequency for collateral to be posted , and collateral that the firm or a counterparty has agreed to return but has not yet settled as of the reporting date .', 'at december 31 , 2009 , the firm had received $ 16.9 billion and delivered $ 5.8 billion of such additional collateral .', 'these amounts were not netted against the derivative receivables and payables in the table above , because , at an individual counterparty level , the collateral exceeded the fair value exposure at december 31 , 2009 .', 'credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) .', 'credit derivatives expose the protection purchaser to the creditworthiness of the protection seller , as the protection seller is required to make payments under the contract when the reference entity experiences a credit event , such as a bankruptcy , a failure to pay its obligation or a restructuring .', 'the seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event .', 'the firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes .', 'first , in its capacity as a market-maker in the dealer/client business , the firm actively risk manages a portfolio of credit derivatives by purchasing and selling credit protection , pre- dominantly on corporate debt obligations , to meet the needs of customers .', 'as a seller of protection , the firm 2019s exposure to a given reference entity may be offset partially , or entirely , with a contract to purchase protection from another counterparty on the same or similar reference entity .', 'second , the firm uses credit derivatives to mitigate credit risk associated with its overall derivative receivables and traditional commercial credit lending exposures ( loans and unfunded commitments ) as well as to manage its exposure to residential and commercial mortgages .', 'see note 3 on pages 156--- 173 of this annual report for further information on the firm 2019s mortgage-related exposures .', 'in accomplishing the above , the firm uses different types of credit derivatives .', 'following is a summary of various types of credit derivatives .', 'credit default swaps credit derivatives may reference the credit of either a single refer- ence entity ( 201csingle-name 201d ) or a broad-based index , as described further below .', 'the firm purchases and sells protection on both single- name and index-reference obligations .', 'single-name cds and index cds contracts are both otc derivative contracts .', 'single- name cds are used to manage the default risk of a single reference entity , while cds index are used to manage credit risk associated with the broader credit markets or credit market segments .', 'like the s&p 500 and other market indices , a cds index is comprised of a portfolio of cds across many reference entities .', 'new series of cds indices are established approximately every six months with a new underlying portfolio of reference entities to reflect changes in the credit markets .', 'if one of the reference entities in the index experi- ences a credit event , then the reference entity that defaulted is removed from the index .', 'cds can also be referenced against spe- cific portfolios of reference names or against customized exposure levels based on specific client demands : for example , to provide protection against the first $ 1 million of realized credit losses in a $ 10 million portfolio of exposure .', 'such structures are commonly known as tranche cds .', 'for both single-name cds contracts and index cds , upon the occurrence of a credit event , under the terms of a cds contract neither party to the cds contract has recourse to the reference entity .', 'the protection purchaser has recourse to the protection seller for the difference between the face value of the cds contract and the fair value of the reference obligation at the time of settling the credit derivative contract , also known as the recovery value .', 'the protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the cds contract when a credit event occurs .', 'credit-linked notes a credit linked note ( 201ccln 201d ) is a funded credit derivative where the issuer of the cln purchases credit protection on a referenced entity from the note investor .', 'under the contract , the investor pays the issuer par value of the note at the inception of the transaction , and in return , the issuer pays periodic payments to the investor , based on the credit risk of the referenced entity .', 'the issuer also repays the investor the par value of the note at maturity unless the reference entity experiences a specified credit event .', 'in that event , the issuer is not obligated to repay the par value of the note , but rather , the issuer pays the investor the difference between the par value of the note .'] | 80968000000.0 | JPM/2009/page_183.pdf-1 | ['jpmorgan chase & co./2009 annual report 181 the following table shows the current credit risk of derivative receivables after netting adjustments , and the current liquidity risk of derivative payables after netting adjustments , as of december 31 , 2009. .'] | ['in addition to the collateral amounts reflected in the table above , at december 31 , 2009 , the firm had received and posted liquid secu- rities collateral in the amount of $ 15.5 billion and $ 11.7 billion , respectively .', 'the firm also receives and delivers collateral at the initiation of derivative transactions , which is available as security against potential exposure that could arise should the fair value of the transactions move in the firm 2019s or client 2019s favor , respectively .', 'furthermore , the firm and its counterparties hold collateral related to contracts that have a non-daily call frequency for collateral to be posted , and collateral that the firm or a counterparty has agreed to return but has not yet settled as of the reporting date .', 'at december 31 , 2009 , the firm had received $ 16.9 billion and delivered $ 5.8 billion of such additional collateral .', 'these amounts were not netted against the derivative receivables and payables in the table above , because , at an individual counterparty level , the collateral exceeded the fair value exposure at december 31 , 2009 .', 'credit derivatives credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer ( the reference entity ) and which allow one party ( the protection purchaser ) to transfer that risk to another party ( the protection seller ) .', 'credit derivatives expose the protection purchaser to the creditworthiness of the protection seller , as the protection seller is required to make payments under the contract when the reference entity experiences a credit event , such as a bankruptcy , a failure to pay its obligation or a restructuring .', 'the seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event .', 'the firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes .', 'first , in its capacity as a market-maker in the dealer/client business , the firm actively risk manages a portfolio of credit derivatives by purchasing and selling credit protection , pre- dominantly on corporate debt obligations , to meet the needs of customers .', 'as a seller of protection , the firm 2019s exposure to a given reference entity may be offset partially , or entirely , with a contract to purchase protection from another counterparty on the same or similar reference entity .', 'second , the firm uses credit derivatives to mitigate credit risk associated with its overall derivative receivables and traditional commercial credit lending exposures ( loans and unfunded commitments ) as well as to manage its exposure to residential and commercial mortgages .', 'see note 3 on pages 156--- 173 of this annual report for further information on the firm 2019s mortgage-related exposures .', 'in accomplishing the above , the firm uses different types of credit derivatives .', 'following is a summary of various types of credit derivatives .', 'credit default swaps credit derivatives may reference the credit of either a single refer- ence entity ( 201csingle-name 201d ) or a broad-based index , as described further below .', 'the firm purchases and sells protection on both single- name and index-reference obligations .', 'single-name cds and index cds contracts are both otc derivative contracts .', 'single- name cds are used to manage the default risk of a single reference entity , while cds index are used to manage credit risk associated with the broader credit markets or credit market segments .', 'like the s&p 500 and other market indices , a cds index is comprised of a portfolio of cds across many reference entities .', 'new series of cds indices are established approximately every six months with a new underlying portfolio of reference entities to reflect changes in the credit markets .', 'if one of the reference entities in the index experi- ences a credit event , then the reference entity that defaulted is removed from the index .', 'cds can also be referenced against spe- cific portfolios of reference names or against customized exposure levels based on specific client demands : for example , to provide protection against the first $ 1 million of realized credit losses in a $ 10 million portfolio of exposure .', 'such structures are commonly known as tranche cds .', 'for both single-name cds contracts and index cds , upon the occurrence of a credit event , under the terms of a cds contract neither party to the cds contract has recourse to the reference entity .', 'the protection purchaser has recourse to the protection seller for the difference between the face value of the cds contract and the fair value of the reference obligation at the time of settling the credit derivative contract , also known as the recovery value .', 'the protection purchaser does not need to hold the debt instrument of the underlying reference entity in order to receive amounts due under the cds contract when a credit event occurs .', 'credit-linked notes a credit linked note ( 201ccln 201d ) is a funded credit derivative where the issuer of the cln purchases credit protection on a referenced entity from the note investor .', 'under the contract , the investor pays the issuer par value of the note at the inception of the transaction , and in return , the issuer pays periodic payments to the investor , based on the credit risk of the referenced entity .', 'the issuer also repays the investor the par value of the note at maturity unless the reference entity experiences a specified credit event .', 'in that event , the issuer is not obligated to repay the par value of the note , but rather , the issuer pays the investor the difference between the par value of the note .'] | december 31 2009 ( in millions ) | derivative receivables | derivative payables
----------|----------|----------
gross derivative fair value | $ 1565518 | $ 1519183
nettingadjustment 2013 offsetting receivables/payables | -1419840 ( 1419840 ) | -1419840 ( 1419840 )
nettingadjustment 2013 cash collateral received/paid | -65468 ( 65468 ) | -39218 ( 39218 )
carrying value on consolidated balance sheets | $ 80210 | $ 60125 | multiply(65468, const_1000000), multiply(15.5, const_1000000), multiply(#1, const_1000), add(#2, #0) | 80968000000.0 |
what was the change in cash provided by operating activities from 2009 to 2010 , in millions? | 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 .']
Table:
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
Additional Information: ['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. .'] | 901.0 | UNP/2011/page_35.pdf-4 | ['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 .'] | ['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. .'] | 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 | subtract(4105, 3204) | 901.0 |
considering the 2013 charge , what is the impact of the merchant gases segment on the total charge? | Background: ['4 .', 'business restructuring and cost reduction plans we recorded charges in 2013 and 2012 for business restructuring and cost reduction plans .', 'these charges are reflected on the consolidated income statements as 201cbusiness restructuring and cost reduction plans . 201d the charges for these plans have been excluded from segment operating income .', '2013 plan during the fourth quarter of 2013 , we recorded an expense of $ 231.6 ( $ 157.9 after-tax , or $ .74 per share ) reflecting actions to better align our cost structure with current market conditions .', 'these charges include $ 100.4 for asset actions and $ 58.5 for the final settlement of a long-term take-or-pay silane contract primarily impacting the electronics business due to continued weakness in the photovoltaic ( pv ) and light-emitting diode ( led ) markets .', 'in addition , $ 71.9 was recorded for severance , benefits , and other contractual obligations associated with the elimination of approximately 700 positions and executive changes .', 'these charges primarily impact our merchant gases businesses and corporate functions .', 'the actions are in response to weaker than expected business conditions in europe and asia , reorganization of our operations and functional areas , and previously announced senior executive changes .', 'the planned actions are expected to be completed by the end of fiscal year 2014 .', 'the 2013 charges relate to the businesses at the segment level as follows : $ 61.0 in merchant gases , $ 28.6 in tonnage gases , $ 141.0 in electronics and performance materials , and $ 1.0 in equipment and energy .', 'the following table summarizes the carrying amount of the accrual for the 2013 plan at 30 september 2013 : severance and other benefits actions contract actions/ other total .']
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Tabular Data:
----------------------------------------
Row 1: , severance and other benefits, asset actions, contract actions/ other, total
Row 2: 2013 charge, $ 71.9, $ 100.4, $ 59.3, $ 231.6
Row 3: amount reflected in pension liability, -6.9 ( 6.9 ), 2014, 2014, -6.9 ( 6.9 )
Row 4: noncash expenses, 2014, -100.4 ( 100.4 ), 2014, -100.4 ( 100.4 )
Row 5: cash expenditures, -3.0 ( 3.0 ), 2014, -58.5 ( 58.5 ), -61.5 ( 61.5 )
Row 6: currency translation adjustment, .4, 2014, 2014, .4
Row 7: accrued balance, $ 62.4, $ 2014, $ .8, $ 63.2
----------------------------------------
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Post-table: ['2012 plans in 2012 , we recorded an expense of $ 327.4 ( $ 222.4 after-tax , or $ 1.03 per share ) for business restructuring and cost reduction plans in our polyurethane intermediates ( pui ) , electronics , and european merchant businesses .', 'during the second quarter of 2012 , we recorded an expense of $ 86.8 ( $ 60.6 after-tax , or $ .28 per share ) for actions to remove stranded costs resulting from our decision to exit the homecare business , the reorganization of the merchant business , and actions to right-size our european cost structure in light of the challenging economic outlook .', 'the charge related to the businesses at the segment level as follows : $ 77.3 in merchant gases , $ 3.8 in tonnage gases , and $ 5.7 in electronics and performance materials .', 'as of 30 september 2013 , the planned actions were completed .', 'during the fourth quarter of 2012 , we took actions to exit the pui business to improve costs , resulting in a net expense of $ 54.6 ( $ 34.8 after-tax , or $ .16 per share ) .', 'we sold certain assets and the rights to a supply contract for $ 32.7 in cash at closing .', 'in connection with these actions , we recognized an expense of $ 26.6 , for the net book value of assets sold and those committed to be disposed of other than by sale .', 'the remaining charge was primarily related to contract terminations and an environmental liability .', 'our pui production facility in pasadena , texas is currently being dismantled , with completion expected in fiscal year 2014 .', 'the costs to dismantle are expensed as incurred and reflected in continuing operations in the tonnage gases business segment .', 'during the fourth quarter of 2012 , we completed an assessment of our position in the pv market , resulting in $ 186.0 of expense ( $ 127.0 after-tax , or $ .59 per share ) primarily related to the electronics and performance materials segment .', 'air products supplies the pv market with both bulk and on-site supply of gases , including silane .', 'the pv market has not developed as expected , and as a result , the market capacity to produce silane is expected to exceed demand for the foreseeable future .', 'included in the charge was an accrual of $ 93.5 for an offer that we made to terminate a long-term take-or-pay contract to purchase silane .', 'a final settlement was reached with the supplier in the fourth quarter of 2013. .'] | 0.26339 | APD/2013/page_68.pdf-1 | ['4 .', 'business restructuring and cost reduction plans we recorded charges in 2013 and 2012 for business restructuring and cost reduction plans .', 'these charges are reflected on the consolidated income statements as 201cbusiness restructuring and cost reduction plans . 201d the charges for these plans have been excluded from segment operating income .', '2013 plan during the fourth quarter of 2013 , we recorded an expense of $ 231.6 ( $ 157.9 after-tax , or $ .74 per share ) reflecting actions to better align our cost structure with current market conditions .', 'these charges include $ 100.4 for asset actions and $ 58.5 for the final settlement of a long-term take-or-pay silane contract primarily impacting the electronics business due to continued weakness in the photovoltaic ( pv ) and light-emitting diode ( led ) markets .', 'in addition , $ 71.9 was recorded for severance , benefits , and other contractual obligations associated with the elimination of approximately 700 positions and executive changes .', 'these charges primarily impact our merchant gases businesses and corporate functions .', 'the actions are in response to weaker than expected business conditions in europe and asia , reorganization of our operations and functional areas , and previously announced senior executive changes .', 'the planned actions are expected to be completed by the end of fiscal year 2014 .', 'the 2013 charges relate to the businesses at the segment level as follows : $ 61.0 in merchant gases , $ 28.6 in tonnage gases , $ 141.0 in electronics and performance materials , and $ 1.0 in equipment and energy .', 'the following table summarizes the carrying amount of the accrual for the 2013 plan at 30 september 2013 : severance and other benefits actions contract actions/ other total .'] | ['2012 plans in 2012 , we recorded an expense of $ 327.4 ( $ 222.4 after-tax , or $ 1.03 per share ) for business restructuring and cost reduction plans in our polyurethane intermediates ( pui ) , electronics , and european merchant businesses .', 'during the second quarter of 2012 , we recorded an expense of $ 86.8 ( $ 60.6 after-tax , or $ .28 per share ) for actions to remove stranded costs resulting from our decision to exit the homecare business , the reorganization of the merchant business , and actions to right-size our european cost structure in light of the challenging economic outlook .', 'the charge related to the businesses at the segment level as follows : $ 77.3 in merchant gases , $ 3.8 in tonnage gases , and $ 5.7 in electronics and performance materials .', 'as of 30 september 2013 , the planned actions were completed .', 'during the fourth quarter of 2012 , we took actions to exit the pui business to improve costs , resulting in a net expense of $ 54.6 ( $ 34.8 after-tax , or $ .16 per share ) .', 'we sold certain assets and the rights to a supply contract for $ 32.7 in cash at closing .', 'in connection with these actions , we recognized an expense of $ 26.6 , for the net book value of assets sold and those committed to be disposed of other than by sale .', 'the remaining charge was primarily related to contract terminations and an environmental liability .', 'our pui production facility in pasadena , texas is currently being dismantled , with completion expected in fiscal year 2014 .', 'the costs to dismantle are expensed as incurred and reflected in continuing operations in the tonnage gases business segment .', 'during the fourth quarter of 2012 , we completed an assessment of our position in the pv market , resulting in $ 186.0 of expense ( $ 127.0 after-tax , or $ .59 per share ) primarily related to the electronics and performance materials segment .', 'air products supplies the pv market with both bulk and on-site supply of gases , including silane .', 'the pv market has not developed as expected , and as a result , the market capacity to produce silane is expected to exceed demand for the foreseeable future .', 'included in the charge was an accrual of $ 93.5 for an offer that we made to terminate a long-term take-or-pay contract to purchase silane .', 'a final settlement was reached with the supplier in the fourth quarter of 2013. .'] | ----------------------------------------
Row 1: , severance and other benefits, asset actions, contract actions/ other, total
Row 2: 2013 charge, $ 71.9, $ 100.4, $ 59.3, $ 231.6
Row 3: amount reflected in pension liability, -6.9 ( 6.9 ), 2014, 2014, -6.9 ( 6.9 )
Row 4: noncash expenses, 2014, -100.4 ( 100.4 ), 2014, -100.4 ( 100.4 )
Row 5: cash expenditures, -3.0 ( 3.0 ), 2014, -58.5 ( 58.5 ), -61.5 ( 61.5 )
Row 6: currency translation adjustment, .4, 2014, 2014, .4
Row 7: accrued balance, $ 62.4, $ 2014, $ .8, $ 63.2
---------------------------------------- | divide(61.0, 231.6) | 0.26339 |
what was the percentage decrease in annual sales of printing papers and graphic arts supplies and equipment from 2008 to 2009? | Context: ['higher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs .', 'however , average margins benefitted from a more favorable mix of products sold .', 'raw material costs were lower , primarily for resins .', 'freight costs were also favorable , while operating costs increased .', 'shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment .', 'average sales margins improved reflecting a more favorable mix of products sold .', 'raw material costs were higher , but were partially offset by lower freight costs .', 'operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 .', 'charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 .', 'entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels .', 'raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease .', 'foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly .', 'input costs for resins should be higher , but will be partially offset by lower costs for bleached board .', 'shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments .', 'operating costs are expected to be favorable reflecting the benefits of business reorganization efforts .', 'european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 .', 'operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 .', 'sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets .', 'average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe .', 'entering 2010 , sales volumes for the first quarter are expected to remain strong .', 'average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold .', 'input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia .', 'asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 .', 'operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 .', 'the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals .', 'the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd .', 'joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine .', 'distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments .', 'customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending .', 'distribution 2019s margins are relatively stable across an economic cycle .', 'providing customers with the best choice and value in both products and supply chain services is a key competitive factor .', 'additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability .', 'distribution in millions 2009 2008 2007 .']
Table:
****************************************
in millions 2009 2008 2007
sales $ 6525 $ 7970 $ 7320
operating profit 50 103 108
****************************************
Follow-up: ['distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 .', 'annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 .', 'trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers .', 'revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 .', 'trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix .', 'facility supplies annual revenue was $ 1.1 billion in 2009 , essentially .'] | 0.21154 | IP/2009/page_38.pdf-1 | ['higher in the first half of the year , but declined dur- ing the second half of the year reflecting the pass- through to customers of lower resin input costs .', 'however , average margins benefitted from a more favorable mix of products sold .', 'raw material costs were lower , primarily for resins .', 'freight costs were also favorable , while operating costs increased .', 'shorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted pro- duction outside of the united states , partially offset by higher shipments in the consumer products segment .', 'average sales margins improved reflecting a more favorable mix of products sold .', 'raw material costs were higher , but were partially offset by lower freight costs .', 'operating costs were favorable , reflect- ing benefits from business reorganization and cost reduction actions taken in 2008 and 2009 .', 'charges to restructure operations totaled $ 7 million in 2009 and $ 30 million in 2008 .', 'entering 2010 , coated paperboard sales volumes are expected to increase , while average sales price real- izations should be comparable to 2009 fourth-quarter levels .', 'raw material costs are expected to be sig- nificantly higher for wood , energy and chemicals , but planned maintenance downtime costs will decrease .', 'foodservice sales volumes are expected to remain about flat , but average sales price realizations should improve slightly .', 'input costs for resins should be higher , but will be partially offset by lower costs for bleached board .', 'shorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments .', 'operating costs are expected to be favorable reflecting the benefits of business reorganization efforts .', 'european consumer packaging net sales in 2009 were $ 315 million compared with $ 300 million in 2008 and $ 280 million in 2007 .', 'operating earnings in 2009 of $ 66 million increased from $ 22 million in 2008 and $ 30 million in 2007 .', 'sales volumes in 2009 were higher than in 2008 reflecting increased ship- ments to export markets .', 'average sales margins declined due to increased shipments to lower- margin export markets and lower average sales prices in western europe .', 'entering 2010 , sales volumes for the first quarter are expected to remain strong .', 'average margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold .', 'input costs are expected to be higher due to increased wood prices in poland and annual energy tariff increases in russia .', 'asian consumer packaging net sales were $ 545 million in 2009 compared with $ 390 million in 2008 and $ 330 million in 2007 .', 'operating earnings in 2009 were $ 24 million compared with a loss of $ 13 million in 2008 and earnings of $ 12 million in 2007 .', 'the improved operating earnings in 2009 reflect increased sales volumes , higher average sales mar- gins and lower input costs , primarily for chemicals .', 'the loss in 2008 was primarily due to a $ 12 million charge to revalue pulp inventories at our shandong international paper and sun coated paperboard co. , ltd .', 'joint venture and start-up costs associated with the joint venture 2019s new folding box board paper machine .', 'distribution xpedx , our distribution business , markets a diverse array of products and supply chain services to cus- tomers in many business segments .', 'customer demand is generally sensitive to changes in general economic conditions , although the commercial printing segment is also dependent on consumer advertising and promotional spending .', 'distribution 2019s margins are relatively stable across an economic cycle .', 'providing customers with the best choice and value in both products and supply chain services is a key competitive factor .', 'additionally , efficient customer service , cost-effective logistics and focused working capital management are key factors in this segment 2019s profitability .', 'distribution in millions 2009 2008 2007 .'] | ['distribution 2019s 2009 annual sales decreased 18% ( 18 % ) from 2008 and 11% ( 11 % ) from 2007 while operating profits in 2009 decreased 51% ( 51 % ) compared with 2008 and 54% ( 54 % ) compared with 2007 .', 'annual sales of printing papers and graphic arts supplies and equipment totaled $ 4.1 billion in 2009 compared with $ 5.2 billion in 2008 and $ 4.7 billion in 2007 , reflecting weak economic conditions in 2009 .', 'trade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct ship- ments from manufacturers .', 'revenue from packaging products was $ 1.3 billion in 2009 compared with $ 1.7 billion in 2008 and $ 1.5 billion in 2007 .', 'trade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix .', 'facility supplies annual revenue was $ 1.1 billion in 2009 , essentially .'] | ****************************************
in millions 2009 2008 2007
sales $ 6525 $ 7970 $ 7320
operating profit 50 103 108
**************************************** | subtract(5.2, 4.1), divide(#0, 5.2) | 0.21154 |
what percentage of the total purchase price did goodwill represent? | Pre-text: ['fair value of the tangible assets and identifiable intangible assets acquired , was $ 17.7 million .', 'goodwill resulted primarily from the company 2019s expectation of synergies from the integration of sigma-c 2019s technology with the company 2019s technology and operations .', 'virtio corporation , inc .', '( virtio ) the company acquired virtio on may 15 , 2006 in an all-cash transaction .', 'reasons for the acquisition .', 'the company believes that its acquisition of virtio will expand its presence in electronic system level design .', 'the company expects the combination of the company 2019s system studio solution with virtio 2019s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods .', 'purchase price .', 'the company paid $ 9.1 million in cash for the outstanding shares of virtio , of which $ 0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of virtio pursuant to the terms of an escrow agreement .', 'in addition , the company had a prior investment in virtio of approximately $ 1.7 million .', 'the total purchase consideration consisted of: .']
----------
Data Table:
****************************************
Row 1: , ( in thousands )
Row 2: cash paid, $ 9076
Row 3: prior investment in virtio, 1664
Row 4: acquisition-related costs, 713
Row 5: total purchase price, $ 11453
****************************************
----------
Follow-up: ['acquisition-related costs of $ 0.7 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .', 'as of october 31 , 2006 , the company had paid $ 0.3 million of the acquisition-related costs .', 'the $ 0.4 million balance remaining at october 31 , 2006 primarily consists of professional and tax-related service fees and facilities closure costs .', 'under the agreement with virtio , the company has also agreed to pay up to $ 4.3 million over three years to the former stockholders based upon achievement of certain sales milestones .', 'this contingent consideration is considered to be additional purchase price and will be an adjustment to goodwill when and if payment is made .', 'additionally , the company has also agreed to pay $ 0.9 million in employee retention bonuses which will be recognized as compensation expense over the service period of the applicable employees .', 'assets acquired .', 'the company has performed a preliminary valuation and allocated the total purchase consideration to the assets and liabilities acquired , including identifiable intangible assets based on their respective fair values on the acquisition date .', 'the company acquired $ 2.5 million of intangible assets consisting of $ 1.9 million in existing technology , $ 0.4 million in customer relationships and $ 0.2 million in non-compete agreements to be amortized over five to seven years .', 'additionally , the company acquired tangible assets of $ 5.5 million and assumed liabilities of $ 3.2 million .', 'goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger , was $ 6.7 million .', 'goodwill resulted primarily from the company 2019s expectation of synergies from the integration of virtio 2019s technology with the company 2019s technology and operations .', 'hpl technologies , inc .', '( hpl ) the company acquired hpl on december 7 , 2005 in an all-cash transaction .', 'reasons for the acquisition .', 'the company believes that the acquisition of hpl will help solidify the company 2019s position as a leading electronic design automation vendor in design for manufacturing ( dfm ) .'] | 6700.0 | SNPS/2006/page_68.pdf-1 | ['fair value of the tangible assets and identifiable intangible assets acquired , was $ 17.7 million .', 'goodwill resulted primarily from the company 2019s expectation of synergies from the integration of sigma-c 2019s technology with the company 2019s technology and operations .', 'virtio corporation , inc .', '( virtio ) the company acquired virtio on may 15 , 2006 in an all-cash transaction .', 'reasons for the acquisition .', 'the company believes that its acquisition of virtio will expand its presence in electronic system level design .', 'the company expects the combination of the company 2019s system studio solution with virtio 2019s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods .', 'purchase price .', 'the company paid $ 9.1 million in cash for the outstanding shares of virtio , of which $ 0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of virtio pursuant to the terms of an escrow agreement .', 'in addition , the company had a prior investment in virtio of approximately $ 1.7 million .', 'the total purchase consideration consisted of: .'] | ['acquisition-related costs of $ 0.7 million consist primarily of legal , tax and accounting fees , estimated facilities closure costs and employee termination costs .', 'as of october 31 , 2006 , the company had paid $ 0.3 million of the acquisition-related costs .', 'the $ 0.4 million balance remaining at october 31 , 2006 primarily consists of professional and tax-related service fees and facilities closure costs .', 'under the agreement with virtio , the company has also agreed to pay up to $ 4.3 million over three years to the former stockholders based upon achievement of certain sales milestones .', 'this contingent consideration is considered to be additional purchase price and will be an adjustment to goodwill when and if payment is made .', 'additionally , the company has also agreed to pay $ 0.9 million in employee retention bonuses which will be recognized as compensation expense over the service period of the applicable employees .', 'assets acquired .', 'the company has performed a preliminary valuation and allocated the total purchase consideration to the assets and liabilities acquired , including identifiable intangible assets based on their respective fair values on the acquisition date .', 'the company acquired $ 2.5 million of intangible assets consisting of $ 1.9 million in existing technology , $ 0.4 million in customer relationships and $ 0.2 million in non-compete agreements to be amortized over five to seven years .', 'additionally , the company acquired tangible assets of $ 5.5 million and assumed liabilities of $ 3.2 million .', 'goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger , was $ 6.7 million .', 'goodwill resulted primarily from the company 2019s expectation of synergies from the integration of virtio 2019s technology with the company 2019s technology and operations .', 'hpl technologies , inc .', '( hpl ) the company acquired hpl on december 7 , 2005 in an all-cash transaction .', 'reasons for the acquisition .', 'the company believes that the acquisition of hpl will help solidify the company 2019s position as a leading electronic design automation vendor in design for manufacturing ( dfm ) .'] | ****************************************
Row 1: , ( in thousands )
Row 2: cash paid, $ 9076
Row 3: prior investment in virtio, 1664
Row 4: acquisition-related costs, 713
Row 5: total purchase price, $ 11453
**************************************** | multiply(6.7, const_1000) | 6700.0 |
what is the total percentage growth for the s&p 500 index from 2010-2014? | Context: ['stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .', 'the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2009 and that all dividends were reinvested .', 'market performance .']
Tabular Data:
****************************************
company / index | 2009 | 2010 | 2011 | 2012 | 2013 | 2014
teleflex incorporated | 100 | 102 | 119 | 142 | 190 | 235
s&p 500 index | 100 | 115 | 117 | 136 | 180 | 205
s&p 500 healthcare equipment & supply index | 100 | 97 | 97 | 113 | 144 | 182
****************************************
Additional Information: ['s&p 500 healthcare equipment & supply index 100 97 97 113 144 182 .'] | 2.05 | TFX/2014/page_44.pdf-4 | ['stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard & poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index .', 'the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december 31 , 2009 and that all dividends were reinvested .', 'market performance .'] | ['s&p 500 healthcare equipment & supply index 100 97 97 113 144 182 .'] | ****************************************
company / index | 2009 | 2010 | 2011 | 2012 | 2013 | 2014
teleflex incorporated | 100 | 102 | 119 | 142 | 190 | 235
s&p 500 index | 100 | 115 | 117 | 136 | 180 | 205
s&p 500 healthcare equipment & supply index | 100 | 97 | 97 | 113 | 144 | 182
**************************************** | divide(205, 100) | 2.05 |
what is the average payment per transaction of discover holders? | Context: ['as the payments landscape evolves , we may increasingly face competition from emerging players in the payment space , many of which are non-financial institution networks that have departed from the more traditional 201cbank-centric 201d business model .', 'the emergence of these potentially competitive networks has primarily been via the online channel with a focus on ecommerce and/or mobile technologies .', 'paypal , google and isis are examples .', 'these providers compete with visa directly in some cases , yet may also be significant partners and customers of visa .', 'based on payments volume , total volume and number of transactions , visa is the largest retail electronic payments network in the world .', 'the following chart compares our network with those of our major general purpose payment network competitors for calendar year 2011 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 3768 $ 6029 77.6 2011 .']
----
Tabular Data:
========================================
Row 1: company, paymentsvolume ( billions ), totalvolume ( billions ), totaltransactions ( billions ), cards ( millions )
Row 2: visa inc. ( 1 ), $ 3768, $ 6029, 77.6, 2011
Row 3: mastercard, 2430, 3249, 39.8, 1059
Row 4: american express, 808, 822, 5.3, 97
Row 5: discover, 114, 122, 1.9, 59
Row 6: jcb, 160, 166, 1.4, 77
Row 7: diners club, 28, 29, 0.2, 6
========================================
----
Additional Information: ['( 1 ) visa inc .', 'figures as reported on form 8-k filed with the sec on february 8 and may 2 , 2012 , respectively .', 'visa figures represent total volume , payments volume and cash volume , and the number of payments transactions , cash transactions , accounts and cards for products carrying the visa , visa electron and interlink brands .', 'card counts include plus proprietary cards .', 'payments volume represents the aggregate dollar amount of purchases made with cards carrying the visa , visa electron and interlink brands for the relevant period .', 'total volume represents payments volume plus cash volume .', 'the data presented is reported quarterly by visa 2019s clients on their operating certificates and is subject to verification by visa .', 'on occasion , clients may update previously submitted information .', 'sources : mastercard , american express , jcb and diners club data sourced from the nilson report issue 992 ( april 2012 ) .', 'includes all consumer and commercial credit , debit and prepaid cards .', 'some prior year figures have been restated .', 'currency figures are in u.s .', 'dollars .', 'mastercard excludes maestro and cirrus figures .', 'american express includes figures for third-party issuers .', 'jcb figures include third-party issuers and other payment-related products .', 'some figures are estimates .', 'diners club figures are for the 12 months ended november 30 , 2011 .', 'discover data sourced from the nilson report issue 986 ( january 2012 ) 2014u.s .', 'data only and includes business from third-party issuers .', 'for more information on the concentration of our operating revenues and other financial information , see item 8 2014financial statements and supplementary data 2014note 14 2014enterprise-wide disclosures and concentration of business included elsewhere in this report .', 'working capital requirements payments settlement due from and due to issuing and acquiring clients represents a substantial daily working capital requirement .', 'u.s .', 'dollar settlements are typically settled within the same day and do not result in a receivable or payable balance , while settlement currencies other than the u.s .', 'dollar generally remain outstanding for one to two business days , consistent with industry practice for such transactions. .'] | 60.0 | V/2012/page_28.pdf-2 | ['as the payments landscape evolves , we may increasingly face competition from emerging players in the payment space , many of which are non-financial institution networks that have departed from the more traditional 201cbank-centric 201d business model .', 'the emergence of these potentially competitive networks has primarily been via the online channel with a focus on ecommerce and/or mobile technologies .', 'paypal , google and isis are examples .', 'these providers compete with visa directly in some cases , yet may also be significant partners and customers of visa .', 'based on payments volume , total volume and number of transactions , visa is the largest retail electronic payments network in the world .', 'the following chart compares our network with those of our major general purpose payment network competitors for calendar year 2011 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 3768 $ 6029 77.6 2011 .'] | ['( 1 ) visa inc .', 'figures as reported on form 8-k filed with the sec on february 8 and may 2 , 2012 , respectively .', 'visa figures represent total volume , payments volume and cash volume , and the number of payments transactions , cash transactions , accounts and cards for products carrying the visa , visa electron and interlink brands .', 'card counts include plus proprietary cards .', 'payments volume represents the aggregate dollar amount of purchases made with cards carrying the visa , visa electron and interlink brands for the relevant period .', 'total volume represents payments volume plus cash volume .', 'the data presented is reported quarterly by visa 2019s clients on their operating certificates and is subject to verification by visa .', 'on occasion , clients may update previously submitted information .', 'sources : mastercard , american express , jcb and diners club data sourced from the nilson report issue 992 ( april 2012 ) .', 'includes all consumer and commercial credit , debit and prepaid cards .', 'some prior year figures have been restated .', 'currency figures are in u.s .', 'dollars .', 'mastercard excludes maestro and cirrus figures .', 'american express includes figures for third-party issuers .', 'jcb figures include third-party issuers and other payment-related products .', 'some figures are estimates .', 'diners club figures are for the 12 months ended november 30 , 2011 .', 'discover data sourced from the nilson report issue 986 ( january 2012 ) 2014u.s .', 'data only and includes business from third-party issuers .', 'for more information on the concentration of our operating revenues and other financial information , see item 8 2014financial statements and supplementary data 2014note 14 2014enterprise-wide disclosures and concentration of business included elsewhere in this report .', 'working capital requirements payments settlement due from and due to issuing and acquiring clients represents a substantial daily working capital requirement .', 'u.s .', 'dollar settlements are typically settled within the same day and do not result in a receivable or payable balance , while settlement currencies other than the u.s .', 'dollar generally remain outstanding for one to two business days , consistent with industry practice for such transactions. .'] | ========================================
Row 1: company, paymentsvolume ( billions ), totalvolume ( billions ), totaltransactions ( billions ), cards ( millions )
Row 2: visa inc. ( 1 ), $ 3768, $ 6029, 77.6, 2011
Row 3: mastercard, 2430, 3249, 39.8, 1059
Row 4: american express, 808, 822, 5.3, 97
Row 5: discover, 114, 122, 1.9, 59
Row 6: jcb, 160, 166, 1.4, 77
Row 7: diners club, 28, 29, 0.2, 6
======================================== | divide(114, 1.9) | 60.0 |
what was the change in the rental amount from 2017 to 2018 in millions | Pre-text: ['deposits 2014deposits include escrow funds and certain other deposits held in trust .', 'the company includes cash deposits in other current assets .', 'deferred compensation obligations 2014the company 2019s deferred compensation plans allow participants to defer certain cash compensation into notional investment accounts .', 'the company includes such plans in other long-term liabilities .', 'the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts .', 'the notional investments are comprised primarily of mutual funds , which are based on observable market prices .', 'mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt .', 'the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps and forward starting interest rate swaps , classified as economic hedges and cash flow hedges , respectively , in order to fix the interest cost on existing or forecasted debt .', 'the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value .', 'additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility .', 'other investments 2014other investments primarily represent money market funds used for active employee benefits .', 'the company includes other investments in other current assets .', 'note 18 : leases the company has entered into operating leases involving certain facilities and equipment .', 'rental expenses under operating leases were $ 29 million , $ 24 million and $ 21 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .', 'the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next 5 years .', 'certain operating leases have renewal options ranging from one to five years .', 'the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next 5 years and thereafter are as follows: .']
##########
Table:
----------------------------------------
| amount
2018 | $ 15
2019 | 14
2020 | 12
2021 | 9
2022 | 8
thereafter | 65
----------------------------------------
##########
Additional Information: ['the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .', 'the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .', 'the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .', 'the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .', 'as the ownership of the portion of the facilities constructed by the .'] | 14.0 | AWK/2017/page_172.pdf-4 | ['deposits 2014deposits include escrow funds and certain other deposits held in trust .', 'the company includes cash deposits in other current assets .', 'deferred compensation obligations 2014the company 2019s deferred compensation plans allow participants to defer certain cash compensation into notional investment accounts .', 'the company includes such plans in other long-term liabilities .', 'the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts .', 'the notional investments are comprised primarily of mutual funds , which are based on observable market prices .', 'mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt .', 'the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps and forward starting interest rate swaps , classified as economic hedges and cash flow hedges , respectively , in order to fix the interest cost on existing or forecasted debt .', 'the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value .', 'additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility .', 'other investments 2014other investments primarily represent money market funds used for active employee benefits .', 'the company includes other investments in other current assets .', 'note 18 : leases the company has entered into operating leases involving certain facilities and equipment .', 'rental expenses under operating leases were $ 29 million , $ 24 million and $ 21 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .', 'the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next 5 years .', 'certain operating leases have renewal options ranging from one to five years .', 'the minimum annual future rental commitment under operating leases that have initial or remaining non-cancelable lease terms over the next 5 years and thereafter are as follows: .'] | ['the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .', 'the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .', 'the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .', 'the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .', 'as the ownership of the portion of the facilities constructed by the .'] | ----------------------------------------
| amount
2018 | $ 15
2019 | 14
2020 | 12
2021 | 9
2022 | 8
thereafter | 65
---------------------------------------- | subtract(29, 15) | 14.0 |
what was the percent of the increase in the operating income from 2010 to 2011 | Pre-text: ['reinsurance commissions , fees and other revenue increased 1% ( 1 % ) driven by a favorable foreign currency translation of 2% ( 2 % ) and was partially offset by a 1% ( 1 % ) decline in dispositions , net of acquisitions and other .', 'organic revenue was flat primarily resulting from strong growth in the capital market transactions and advisory business , partially offset by declines in global facultative placements .', 'operating income operating income increased $ 120 million , or 10% ( 10 % ) , from 2010 to $ 1.3 billion in 2011 .', 'in 2011 , operating income margins in this segment were 19.3% ( 19.3 % ) , up 70 basis points from 18.6% ( 18.6 % ) in 2010 .', 'operating margin improvement was primarily driven by revenue growth , reduced costs of restructuring initiatives and realization of the benefits of those restructuring plans , which was partially offset by the negative impact of expense increases related to investment in the business , lease termination costs , legacy receivables write-off , and foreign currency exchange rates .', 'hr solutions .']
----
Tabular Data:
----------------------------------------
years ended december 31, 2011 2010 2009
revenue $ 4501 $ 2111 $ 1267
operating income 448 234 203
operating margin 10.0% ( 10.0 % ) 11.1% ( 11.1 % ) 16.0% ( 16.0 % )
----------------------------------------
----
Post-table: ['in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies .', 'hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand .', 'hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 .', 'our hr solutions segment generated approximately 40% ( 40 % ) of our consolidated total revenues in 2011 and provides a broad range of human capital services , as follows : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees .', 'benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services .', 'effective january 1 , 2012 , this line of business will be included in the results of the risk solutions segment .', '2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration .', '2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries .', '2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management .', '2022 benefits administration applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services .', 'our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions .', '2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and .'] | 0.91453 | AON/2011/page_63.pdf-4 | ['reinsurance commissions , fees and other revenue increased 1% ( 1 % ) driven by a favorable foreign currency translation of 2% ( 2 % ) and was partially offset by a 1% ( 1 % ) decline in dispositions , net of acquisitions and other .', 'organic revenue was flat primarily resulting from strong growth in the capital market transactions and advisory business , partially offset by declines in global facultative placements .', 'operating income operating income increased $ 120 million , or 10% ( 10 % ) , from 2010 to $ 1.3 billion in 2011 .', 'in 2011 , operating income margins in this segment were 19.3% ( 19.3 % ) , up 70 basis points from 18.6% ( 18.6 % ) in 2010 .', 'operating margin improvement was primarily driven by revenue growth , reduced costs of restructuring initiatives and realization of the benefits of those restructuring plans , which was partially offset by the negative impact of expense increases related to investment in the business , lease termination costs , legacy receivables write-off , and foreign currency exchange rates .', 'hr solutions .'] | ['in october 2010 , we completed the acquisition of hewitt , one of the world 2019s leading human resource consulting and outsourcing companies .', 'hewitt operates globally together with aon 2019s existing consulting and outsourcing operations under the newly created aon hewitt brand .', 'hewitt 2019s operating results are included in aon 2019s results of operations beginning october 1 , 2010 .', 'our hr solutions segment generated approximately 40% ( 40 % ) of our consolidated total revenues in 2011 and provides a broad range of human capital services , as follows : 2022 health and benefits advises clients about how to structure , fund , and administer employee benefit programs that attract , retain , and motivate employees .', 'benefits consulting includes health and welfare , executive benefits , workforce strategies and productivity , absence management , benefits administration , data-driven health , compliance , employee commitment , investment advisory and elective benefits services .', 'effective january 1 , 2012 , this line of business will be included in the results of the risk solutions segment .', '2022 retirement specializes in global actuarial services , defined contribution consulting , investment consulting , tax and erisa consulting , and pension administration .', '2022 compensation focuses on compensatory advisory/counsel including : compensation planning design , executive reward strategies , salary survey and benchmarking , market share studies and sales force effectiveness , with special expertise in the financial services and technology industries .', '2022 strategic human capital delivers advice to complex global organizations on talent , change and organizational effectiveness issues , including talent strategy and acquisition , executive on-boarding , performance management , leadership assessment and development , communication strategy , workforce training and change management .', '2022 benefits administration applies our hr expertise primarily through defined benefit ( pension ) , defined contribution ( 401 ( k ) ) , and health and welfare administrative services .', 'our model replaces the resource-intensive processes once required to administer benefit plans with more efficient , effective , and less costly solutions .', '2022 human resource business processing outsourcing ( 2018 2018hr bpo 2019 2019 ) provides market-leading solutions to manage employee data ; administer benefits , payroll and other human resources processes ; and .'] | ----------------------------------------
years ended december 31, 2011 2010 2009
revenue $ 4501 $ 2111 $ 1267
operating income 448 234 203
operating margin 10.0% ( 10.0 % ) 11.1% ( 11.1 % ) 16.0% ( 16.0 % )
---------------------------------------- | subtract(448, 234), divide(#0, 234) | 0.91453 |
what is the difference of annual incentive award between the top two highest paid executives? | Background: ['after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target .', 'under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr .', 'denault and mr .', "smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether .", 'in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation .', "in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management .", 'the annual incentive award for the named executive officers ( other than mr .', 'leonard , mr .', 'denault and mr .', 'smith ) is awarded from an incentive pool approved by the committee .', "from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier .", 'the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance .', "the incentive awards are subject to the ultimate approval of entergy's chief executive officer .", 'the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award .']
Tabular Data:
named exeutive officer target percentage base salary 2008 annual incentive award
j . wayne leonard 120% ( 120 % ) 168% ( 168 % ) $ 2169720
leo p . denault 70% ( 70 % ) 98% ( 98 % ) $ 617400
richard j . smith 70% ( 70 % ) 98% ( 98 % ) $ 632100
e . renae conley 60% ( 60 % ) 102% ( 102 % ) $ 415000
hugh t . mcdonald 50% ( 50 % ) 50% ( 50 % ) $ 160500
joseph f . domino 50% ( 50 % ) 72% ( 72 % ) $ 230000
roderick k . west 40% ( 40 % ) 80% ( 80 % ) $ 252000
haley fisackerly 40% ( 40 % ) 46% ( 46 % ) $ 125700
theodore h . bunting jr . 60% ( 60 % ) 117% ( 117 % ) $ 400023
carolyn shanks 50% ( 50 % ) 72% ( 72 % ) $ 229134
jay a . lewis 40% ( 40 % ) 60% ( 60 % ) $ 128505
Follow-up: ['while ms .', 'shanks and mr .', 'lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms .', 'shanks continues to participate in the executive incentive plan , and mr .', 'lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy .', "nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry .", 'the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry .', 'the plan provides for bonuses to be paid over a three-year employment period .', "subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. ."] | 1537620.0 | ETR/2008/page_438.pdf-2 | ['after reviewing earnings per share and operating cash flow results against the performance objectives in the above table , the personnel committee set the entergy achievement multiplier at 140% ( 140 % ) of target .', 'under the terms of the executive incentive plan , the entergy achievement multiplier is automatically increased by 25 percent for the members of the office of the chief executive ( including mr .', 'denault and mr .', "smith , but not the other named executive officers ) , subject to the personnel committee's discretion to adjust the automatic multiplier downward or eliminate it altogether .", 'in accordance with section 162 ( m ) of the internal revenue code , the multiplier which entergy refers to as the management effectiveness factor is intended to provide the committee , through the exercise of negative discretion , a mechanism to take into consideration the specific achievement factors relating to the overall performance of entergy corporation .', "in january 2009 , the committee exercised its negative discretion to eliminate the management effectiveness factor , reflecting the personnel committee's determination that the entergy achievement multiplier , in and of itself without the management effectiveness factor , was consistent with the performance levels achieved by management .", 'the annual incentive award for the named executive officers ( other than mr .', 'leonard , mr .', 'denault and mr .', 'smith ) is awarded from an incentive pool approved by the committee .', "from this pool , each named executive officer's supervisor determines the annual incentive payment based on the entergy achievement multiplier .", 'the supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance .', "the incentive awards are subject to the ultimate approval of entergy's chief executive officer .", 'the following table shows the executive and management incentive plans payments as a percentage of base salary for 2008 : named exeutive officer target percentage base salary 2008 annual incentive award .'] | ['while ms .', 'shanks and mr .', 'lewis are no longer ceo-entergy mississippi and principal financial officer for the subsidiaries , respectively , ms .', 'shanks continues to participate in the executive incentive plan , and mr .', 'lewis continues to participate in the management incentive plan as they remain employees of entergy since the contemplated enexus separation has not occurred and enexus remains a subsidiary of entergy .', "nuclear retention plan some of entergy's executives , but not any of the named executive officers , participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry .", 'the committee authorized the plan to attract and retain management talent in the nuclear power field , a field which requires unique technical and other expertise that is in great demand in the utility industry .', 'the plan provides for bonuses to be paid over a three-year employment period .', "subject to continued employment with a participating company , a participating employee is eligible to receive a special cash bonus consisting of three payments , each consisting of an amount from 15% ( 15 % ) to 30% ( 30 % ) of such participant's base salary. ."] | named exeutive officer target percentage base salary 2008 annual incentive award
j . wayne leonard 120% ( 120 % ) 168% ( 168 % ) $ 2169720
leo p . denault 70% ( 70 % ) 98% ( 98 % ) $ 617400
richard j . smith 70% ( 70 % ) 98% ( 98 % ) $ 632100
e . renae conley 60% ( 60 % ) 102% ( 102 % ) $ 415000
hugh t . mcdonald 50% ( 50 % ) 50% ( 50 % ) $ 160500
joseph f . domino 50% ( 50 % ) 72% ( 72 % ) $ 230000
roderick k . west 40% ( 40 % ) 80% ( 80 % ) $ 252000
haley fisackerly 40% ( 40 % ) 46% ( 46 % ) $ 125700
theodore h . bunting jr . 60% ( 60 % ) 117% ( 117 % ) $ 400023
carolyn shanks 50% ( 50 % ) 72% ( 72 % ) $ 229134
jay a . lewis 40% ( 40 % ) 60% ( 60 % ) $ 128505 | subtract(2169720, 632100) | 1537620.0 |
what was the percent of the firm 2019s total pledged assets in 2010 that was loans | Context: ['jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits .', 'certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets .', 'in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties .', 'the significant components of the firm 2019s pledged assets were as follows. .']
######
Tabular Data:
****************************************
december 31 ( in billions ) 2010 2009
securities $ 112.1 $ 155.3
loans 214.8 285.5
trading assets and other 123.2 84.6
totalassetspledged ( a ) $ 450.1 $ 525.4
****************************************
######
Post-table: ['total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities .', 'see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies .', 'collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively .', 'this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements .', 'of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements .', 'the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements .', 'prior period amounts have been revised to conform to the current presentation .', 'this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations .', 'contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business .', 'the resolution of these issues did not have a material effect on the firm. .'] | 0.47723 | JPM/2010/page_281.pdf-1 | ['jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits .', 'certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets .', 'in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties .', 'the significant components of the firm 2019s pledged assets were as follows. .'] | ['total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities .', 'see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies .', 'collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively .', 'this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements .', 'of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements .', 'the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements .', 'prior period amounts have been revised to conform to the current presentation .', 'this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations .', 'contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business .', 'the resolution of these issues did not have a material effect on the firm. .'] | ****************************************
december 31 ( in billions ) 2010 2009
securities $ 112.1 $ 155.3
loans 214.8 285.5
trading assets and other 123.2 84.6
totalassetspledged ( a ) $ 450.1 $ 525.4
**************************************** | divide(214.8, 450.1) | 0.47723 |
what was the value in thousands of unvested restricted stock and performance awards at the weighted-averagegrant-datefair value as of december 31 , 2018?\\n | Context: ['zero .', 'to the extent earned , these performance units convert into unrestricted shares after performance results for the three-year performance period are certified by the compensation committee .', 'we recognize share-based compensation expense based on the grant-date fair value of the performance-based restricted stock units , as determined by use of a monte carlo model , on a straight-line basis over the performance period .', 'leveraged performance units during the year ended may 31 , 2015 , certain executives were granted performance units that we refer to as 201cleveraged performance units , 201d or 201clpus . 201d lpus contain a market condition based on our relative stock price growth over a three-year performance period .', 'the lpus contain a minimum threshold performance which , if not met , would result in no payout .', 'the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares .', 'after the three-year performance period , which concluded in october 2017 , one-third of the earned units converted to unrestricted common stock .', 'the remaining two-thirds converted to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date .', 'we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award .', 'the following table summarizes the changes in unvested restricted stock and performance awards for the years ended december 31 , 2018 and 2017 , the 2016 fiscal transition period and the year ended may 31 , 2016 : shares weighted-average grant-date fair value ( in thousands ) .']
Tabular Data:
========================================
shares ( in thousands ) weighted-averagegrant-datefair value
unvested at may 31 2015 1848 $ 28.97
granted 461 57.04
vested -633 ( 633 ) 27.55
forfeited -70 ( 70 ) 34.69
unvested at may 31 2016 1606 37.25
granted 348 74.26
vested -639 ( 639 ) 31.38
forfeited -52 ( 52 ) 45.27
unvested at december 31 2016 1263 49.55
granted 899 79.79
vested -858 ( 858 ) 39.26
forfeited -78 ( 78 ) 59.56
unvested at december 31 2017 1226 78.29
granted 650 109.85
vested -722 ( 722 ) 60.08
forfeited -70 ( 70 ) 91.47
unvested at december 31 2018 1084 $ 108.51
========================================
Post-table: ['the total fair value of restricted stock and performance awards vested was $ 43.4 million and $ 33.7 million for the years ended december 31 , 2018 and 2017 , respectively , $ 20.0 million for the 2016 fiscal transition period and $ 17.4 million for the year ended may 31 , 2016 .', 'for restricted stock and performance awards , we recognized compensation expense of $ 53.2 million and $ 35.2 million for the years ended december 31 , 2018 and 2017 , respectively , $ 17.2 million for the 2016 fiscal transition period and $ 28.8 million for the year ended may 31 , 2016 .', 'as of december 31 , 2018 , there was $ 62.7 million of unrecognized compensation expense related to unvested restricted stock and performance awards that we expect to recognize over a weighted-average period of 2.0 years .', 'our restricted stock and performance award plans provide for accelerated vesting under certain conditions .', '94 2013 global payments inc .', '| 2018 form 10-k annual report .'] | 117624.84 | GPN/2018/page_94.pdf-2 | ['zero .', 'to the extent earned , these performance units convert into unrestricted shares after performance results for the three-year performance period are certified by the compensation committee .', 'we recognize share-based compensation expense based on the grant-date fair value of the performance-based restricted stock units , as determined by use of a monte carlo model , on a straight-line basis over the performance period .', 'leveraged performance units during the year ended may 31 , 2015 , certain executives were granted performance units that we refer to as 201cleveraged performance units , 201d or 201clpus . 201d lpus contain a market condition based on our relative stock price growth over a three-year performance period .', 'the lpus contain a minimum threshold performance which , if not met , would result in no payout .', 'the lpus also contain a maximum award opportunity set as a fixed dollar and fixed number of shares .', 'after the three-year performance period , which concluded in october 2017 , one-third of the earned units converted to unrestricted common stock .', 'the remaining two-thirds converted to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date .', 'we recognize share-based compensation expense based on the grant date fair value of the lpus , as determined by use of a monte carlo model , on a straight-line basis over the requisite service period for each separately vesting portion of the lpu award .', 'the following table summarizes the changes in unvested restricted stock and performance awards for the years ended december 31 , 2018 and 2017 , the 2016 fiscal transition period and the year ended may 31 , 2016 : shares weighted-average grant-date fair value ( in thousands ) .'] | ['the total fair value of restricted stock and performance awards vested was $ 43.4 million and $ 33.7 million for the years ended december 31 , 2018 and 2017 , respectively , $ 20.0 million for the 2016 fiscal transition period and $ 17.4 million for the year ended may 31 , 2016 .', 'for restricted stock and performance awards , we recognized compensation expense of $ 53.2 million and $ 35.2 million for the years ended december 31 , 2018 and 2017 , respectively , $ 17.2 million for the 2016 fiscal transition period and $ 28.8 million for the year ended may 31 , 2016 .', 'as of december 31 , 2018 , there was $ 62.7 million of unrecognized compensation expense related to unvested restricted stock and performance awards that we expect to recognize over a weighted-average period of 2.0 years .', 'our restricted stock and performance award plans provide for accelerated vesting under certain conditions .', '94 2013 global payments inc .', '| 2018 form 10-k annual report .'] | ========================================
shares ( in thousands ) weighted-averagegrant-datefair value
unvested at may 31 2015 1848 $ 28.97
granted 461 57.04
vested -633 ( 633 ) 27.55
forfeited -70 ( 70 ) 34.69
unvested at may 31 2016 1606 37.25
granted 348 74.26
vested -639 ( 639 ) 31.38
forfeited -52 ( 52 ) 45.27
unvested at december 31 2016 1263 49.55
granted 899 79.79
vested -858 ( 858 ) 39.26
forfeited -78 ( 78 ) 59.56
unvested at december 31 2017 1226 78.29
granted 650 109.85
vested -722 ( 722 ) 60.08
forfeited -70 ( 70 ) 91.47
unvested at december 31 2018 1084 $ 108.51
======================================== | multiply(1084, 108.51) | 117624.84 |
what was the percentage total cumulative return on investment for united parcel service inc . for the five years ended 12/31/2012? | Context: ['shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .', 'the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average .', 'the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2007 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. .']
--------
Tabular Data:
========================================
| 12/31/2007 | 12/31/2008 | 12/31/2009 | 12/31/2010 | 12/31/2011 | 12/31/2012
united parcel service inc . | $ 100.00 | $ 80.20 | $ 86.42 | $ 112.60 | $ 116.97 | $ 121.46
standard & poor 2019s 500 index | $ 100.00 | $ 63.00 | $ 79.67 | $ 91.68 | $ 93.61 | $ 108.59
dow jones transportation average | $ 100.00 | $ 78.58 | $ 93.19 | $ 118.14 | $ 118.15 | $ 127.07
========================================
--------
Post-table: ['.'] | 0.2146 | UPS/2012/page_32.pdf-1 | ['shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .', 'the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average .', 'the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2007 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. .'] | ['.'] | ========================================
| 12/31/2007 | 12/31/2008 | 12/31/2009 | 12/31/2010 | 12/31/2011 | 12/31/2012
united parcel service inc . | $ 100.00 | $ 80.20 | $ 86.42 | $ 112.60 | $ 116.97 | $ 121.46
standard & poor 2019s 500 index | $ 100.00 | $ 63.00 | $ 79.67 | $ 91.68 | $ 93.61 | $ 108.59
dow jones transportation average | $ 100.00 | $ 78.58 | $ 93.19 | $ 118.14 | $ 118.15 | $ 127.07
======================================== | subtract(121.46, const_100), divide(#0, const_100) | 0.2146 |
for the fourth quarter of 2017 what was the percent of the total number of shares purchased in october | Background: ['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 , 2012 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 2017 , we repurchased 37122405 shares of our common stock at an average price of $ 110.50 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2017 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .']
####
Table:
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 | 3831636 | $ 113.61 | 3800000 | 89078662
nov . 1 through nov . 30 | 3005225 | 117.07 | 2937410 | 86141252
dec . 1 through dec . 31 | 2718319 | 130.76 | 2494100 | 83647152
total | 9555180 | $ 119.58 | 9231510 | n/a
####
Additional Information: ['[a] total number of shares purchased during the quarter includes approximately 323670 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .', '[b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 .', 'these repurchases may be made on the open market or through other transactions .', 'our management has sole discretion with respect to determining the timing and amount of these transactions. .'] | 0.401 | UNP/2017/page_20.pdf-1 | ['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 , 2012 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 2017 , we repurchased 37122405 shares of our common stock at an average price of $ 110.50 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2017 : 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] .'] | ['[a] total number of shares purchased during the quarter includes approximately 323670 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .', '[b] effective january 1 , 2017 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2020 .', 'these repurchases may be made on the open market or through other transactions .', 'our management has sole discretion with respect to determining the timing and amount of these transactions. .'] | 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 | 3831636 | $ 113.61 | 3800000 | 89078662
nov . 1 through nov . 30 | 3005225 | 117.07 | 2937410 | 86141252
dec . 1 through dec . 31 | 2718319 | 130.76 | 2494100 | 83647152
total | 9555180 | $ 119.58 | 9231510 | n/a | divide(3831636, 9555180) | 0.401 |
in 2005 for the quarter ended june 30 what was the percent of the change in the class a common stock on the new york stock exchange from highest to lowest price | Background: ['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 2005 and 2004. .']
Tabular Data:
****************************************
Row 1: 2005, high, low
Row 2: quarter ended march 31, $ 19.28, $ 17.30
Row 3: quarter ended june 30, 21.16, 16.28
Row 4: quarter ended september 30, 25.20, 20.70
Row 5: quarter ended december 31, 28.33, 22.73
Row 6: 2004, high, low
Row 7: quarter ended march 31, $ 13.12, $ 9.89
Row 8: quarter ended june 30, 16.00, 11.13
Row 9: quarter ended september 30, 15.85, 13.10
Row 10: quarter ended december 31, 18.75, 15.19
****************************************
Post-table: ['on march 9 , 2006 , the closing price of our class a common stock was $ 29.83 per share as reported on the nyse .', 'as of march 9 , 2006 , we had 419677495 outstanding shares of class a common stock and 687 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 .', '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 .', 'in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock .', '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 our 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 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .', 'our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries 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 .', 'under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby .', 'the indenture governing the terms of the ati 7.25% ( 7.25 % ) senior subordinated notes due 2011 ( ati 7.25% ( 7.25 % ) notes ) 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 financial covenants are satisfied .', 'the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .', 'for more information about the restrictions under our credit facilities and our notes indentures , see note 7 to our consolidated financial statements included in this annual report and the section entitled 201cmanagement 2019s .'] | 0.29975 | AMT/2005/page_31.pdf-3 | ['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 2005 and 2004. .'] | ['on march 9 , 2006 , the closing price of our class a common stock was $ 29.83 per share as reported on the nyse .', 'as of march 9 , 2006 , we had 419677495 outstanding shares of class a common stock and 687 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 .', '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 .', 'in august 2005 , we amended and restated our charter to , among other things , eliminate our class b common stock and class c common stock .', '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 our 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 7.50% ( 7.50 % ) senior notes due 2012 ( 7.50% ( 7.50 % ) notes ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 7.125% ( 7.125 % ) notes ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .', 'our credit facilities and the indentures governing the terms of our debt securities contain covenants that may restrict the ability of our subsidiaries 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 .', 'under our credit facilities , the borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the applicable credit facility only if no default exists or would be created thereby .', 'the indenture governing the terms of the ati 7.25% ( 7.25 % ) senior subordinated notes due 2011 ( ati 7.25% ( 7.25 % ) notes ) 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 financial covenants are satisfied .', 'the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes also contain certain restrictive covenants , which prohibit the restricted subsidiaries under these indentures from paying dividends and making other payments or distributions to us unless certain financial covenants are satisfied .', 'for more information about the restrictions under our credit facilities and our notes indentures , see note 7 to our consolidated financial statements included in this annual report and the section entitled 201cmanagement 2019s .'] | ****************************************
Row 1: 2005, high, low
Row 2: quarter ended march 31, $ 19.28, $ 17.30
Row 3: quarter ended june 30, 21.16, 16.28
Row 4: quarter ended september 30, 25.20, 20.70
Row 5: quarter ended december 31, 28.33, 22.73
Row 6: 2004, high, low
Row 7: quarter ended march 31, $ 13.12, $ 9.89
Row 8: quarter ended june 30, 16.00, 11.13
Row 9: quarter ended september 30, 15.85, 13.10
Row 10: quarter ended december 31, 18.75, 15.19
**************************************** | subtract(21.16, 16.28), divide(#0, 16.28) | 0.29975 |
what is the range of height of monopole towers , in feet? | Background: ['item 2 .', 'properties our principal offices are located in boston , southborough and woburn , massachusetts ; atlanta , georgia ; cary , north carolina ; mexico city , mexico ; and sao paulo , brazil .', 'details of each of these offices are provided below: .']
------
Table:
****************************************
location | function | size ( square feet ) | property interest
----------|----------|----------|----------
boston ma | corporate headquarters us tower division headquarters and american tower international headquarters | 19600 | leased
southborough ma | information technology data center | 13900 | leased
woburn ma | us tower division lease administration site leasing management and broadcast division headquarters | 57800 | owned ( 1 )
atlanta ga | us tower division accounting services headquarters | 21400 | leased
cary north carolina | us tower division new site development site operations and structural engineering services headquarters | 17500 | leased
mexico city mexico | mexico headquarters | 11000 | leased
sao paulo brazil | brazil headquarters | 5200 | leased
****************************************
------
Follow-up: ['( 1 ) the facility in woburn contains a total of 163000 square feet of space .', 'approximately 57100 square feet of space is occupied by our lease administration office and our broadcast division , and we lease the remaining space to unaffiliated tenants .', 'in addition to the principal offices set forth above , we maintain 15 regional area offices in the united states through which we operate our tower leasing and services businesses .', 'we believe that our owned and leased facilities are suitable and adequate to meet our anticipated needs .', 'we have also established an office in delhi , india to pursue business opportunities in india and southeast asia , and we have an international business development group based in london , england .', 'our interests in our communications sites are comprised of a variety of ownership interests , including leases created by long-term ground lease agreements , easements , licenses or rights-of-way granted by government entities .', 'pursuant to the loan agreement for the securitization , the tower sites subject to the securitization are subject to mortgages , deeds of trust and deeds to secure the loan .', 'a typical tower site consists of a compound enclosing the tower site , a tower structure , and one or more equipment shelters that house a variety of transmitting , receiving and switching equipment .', 'there are three principal types of towers : guyed , self- supporting lattice , and monopole .', '2022 a guyed tower includes a series of cables attaching separate levels of the tower to anchor foundations in the ground .', 'a guyed tower can reach heights of up to 2000 feet .', 'a guyed tower site for a typical broadcast tower can consist of a tract of land of up to 20 acres .', '2022 a lattice tower typically tapers from the bottom up and usually has three or four legs .', 'a lattice tower can reach heights of up to 1000 feet .', 'depending on the height of the tower , a lattice tower site for a wireless communications tower can consist of a tract of land of 10000 square feet for a rural site or less than 2500 square feet for a metropolitan site .', '2022 a monopole is a tubular structure that is used primarily to address space constraints or aesthetic concerns .', 'monopoles typically have heights ranging from 50 to 200 feet .', 'a monopole tower site of the kind typically used in metropolitan areas for a wireless communications tower can consist of a tract of land of less than 2500 square feet. .'] | 150.0 | AMT/2007/page_29.pdf-3 | ['item 2 .', 'properties our principal offices are located in boston , southborough and woburn , massachusetts ; atlanta , georgia ; cary , north carolina ; mexico city , mexico ; and sao paulo , brazil .', 'details of each of these offices are provided below: .'] | ['( 1 ) the facility in woburn contains a total of 163000 square feet of space .', 'approximately 57100 square feet of space is occupied by our lease administration office and our broadcast division , and we lease the remaining space to unaffiliated tenants .', 'in addition to the principal offices set forth above , we maintain 15 regional area offices in the united states through which we operate our tower leasing and services businesses .', 'we believe that our owned and leased facilities are suitable and adequate to meet our anticipated needs .', 'we have also established an office in delhi , india to pursue business opportunities in india and southeast asia , and we have an international business development group based in london , england .', 'our interests in our communications sites are comprised of a variety of ownership interests , including leases created by long-term ground lease agreements , easements , licenses or rights-of-way granted by government entities .', 'pursuant to the loan agreement for the securitization , the tower sites subject to the securitization are subject to mortgages , deeds of trust and deeds to secure the loan .', 'a typical tower site consists of a compound enclosing the tower site , a tower structure , and one or more equipment shelters that house a variety of transmitting , receiving and switching equipment .', 'there are three principal types of towers : guyed , self- supporting lattice , and monopole .', '2022 a guyed tower includes a series of cables attaching separate levels of the tower to anchor foundations in the ground .', 'a guyed tower can reach heights of up to 2000 feet .', 'a guyed tower site for a typical broadcast tower can consist of a tract of land of up to 20 acres .', '2022 a lattice tower typically tapers from the bottom up and usually has three or four legs .', 'a lattice tower can reach heights of up to 1000 feet .', 'depending on the height of the tower , a lattice tower site for a wireless communications tower can consist of a tract of land of 10000 square feet for a rural site or less than 2500 square feet for a metropolitan site .', '2022 a monopole is a tubular structure that is used primarily to address space constraints or aesthetic concerns .', 'monopoles typically have heights ranging from 50 to 200 feet .', 'a monopole tower site of the kind typically used in metropolitan areas for a wireless communications tower can consist of a tract of land of less than 2500 square feet. .'] | ****************************************
location | function | size ( square feet ) | property interest
----------|----------|----------|----------
boston ma | corporate headquarters us tower division headquarters and american tower international headquarters | 19600 | leased
southborough ma | information technology data center | 13900 | leased
woburn ma | us tower division lease administration site leasing management and broadcast division headquarters | 57800 | owned ( 1 )
atlanta ga | us tower division accounting services headquarters | 21400 | leased
cary north carolina | us tower division new site development site operations and structural engineering services headquarters | 17500 | leased
mexico city mexico | mexico headquarters | 11000 | leased
sao paulo brazil | brazil headquarters | 5200 | leased
**************************************** | subtract(200, 50) | 150.0 |
what is the expected growth rate in rent expense for operating leases in 2003? | Pre-text: ['echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp .', 'the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors .', 'during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively .', '401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees .', 'voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee .', 'matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .', 'echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended .', 'these contributions may be made in cash or in echostar stock .', 'forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions .', 'expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .', '9 .', 'commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 .']
----
Data Table:
========================================
• 2003, $ 17274
• 2004, 14424
• 2005, 11285
• 2006, 7698
• 2007, 3668
• thereafter, 1650
• total minimum lease payments, 55999
========================================
----
Follow-up: ['total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively .', 'purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million .', 'the majority of these commitments relate to echostar receiver systems and related components .', 'all of the purchases related to these commitments are expected to be made during 2003 .', 'echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations .', 'patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers .', 'echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe .', 'damages in patent infringement cases can include a tripling of actual damages in certain cases .', 'further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .'] | 0.07963 | DISH/2002/page_94.pdf-2 | ['echostar communications corporation notes to consolidated financial statements - continued closing price of the class a common stock on the last business day of each calendar quarter in which such shares of class a common stock are deemed sold to an employee under the espp .', 'the espp shall terminate upon the first to occur of ( i ) october 1 , 2007 or ( ii ) the date on which the espp is terminated by the board of directors .', 'during 2000 , 2001 and 2002 employees purchased approximately 58000 ; 80000 and 108000 shares of class a common stock through the espp , respectively .', '401 ( k ) employee savings plan echostar sponsors a 401 ( k ) employee savings plan ( the 201c401 ( k ) plan 201d ) for eligible employees .', 'voluntary employee contributions to the 401 ( k ) plan may be matched 50% ( 50 % ) by echostar , subject to a maximum annual contribution by echostar of $ 1000 per employee .', 'matching 401 ( k ) contributions totaled approximately $ 1.6 million , $ 2.1 million and $ 2.4 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .', 'echostar also may make an annual discretionary contribution to the plan with approval by echostar 2019s board of directors , subject to the maximum deductible limit provided by the internal revenue code of 1986 , as amended .', 'these contributions may be made in cash or in echostar stock .', 'forfeitures of unvested participant balances which are retained by the 401 ( k ) plan may be used to fund matching and discretionary contributions .', 'expense recognized relating to discretionary contributions was approximately $ 7 million , $ 225 thousand and $ 17 million during the years ended december 31 , 2000 , 2001 and 2002 , respectively .', '9 .', 'commitments and contingencies leases future minimum lease payments under noncancelable operating leases as of december 31 , 2002 , are as follows ( in thousands ) : year ending december 31 .'] | ['total rent expense for operating leases approximated $ 9 million , $ 14 million and $ 16 million in 2000 , 2001 and 2002 , respectively .', 'purchase commitments as of december 31 , 2002 , echostar 2019s purchase commitments totaled approximately $ 359 million .', 'the majority of these commitments relate to echostar receiver systems and related components .', 'all of the purchases related to these commitments are expected to be made during 2003 .', 'echostar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations .', 'patents and intellectual property many entities , including some of echostar 2019s competitors , now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that echostar offers .', 'echostar may not be aware of all patents and other intellectual property rights that its products may potentially infringe .', 'damages in patent infringement cases can include a tripling of actual damages in certain cases .', 'further , echostar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to .'] | ========================================
• 2003, $ 17274
• 2004, 14424
• 2005, 11285
• 2006, 7698
• 2007, 3668
• thereafter, 1650
• total minimum lease payments, 55999
======================================== | divide(17274, const_1000), subtract(#0, 16), divide(#1, 16) | 0.07963 |
in 2004 what was the ratio of the obligations of equity affiliates to residual value guarantees | Background: ['guarantees in november 2002 , the fasb issued interpretation no .', '45 ( 201cfin 45 201d ) , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others , 201d an interpretation of fasb statements no .', '5 , 57 , and 107 and rescission of fasb interpretation no .', '34 .', 'fin 45 clarifies the requirements of sfas no .', '5 , 201caccounting for contingencies , 201d relating to the guarantor 2019s accounting for , and disclosure of , the issuance of certain types of guarantees .', 'disclosures about each group of similar guarantees are provided below and summarized in the following table: .']
Tabular Data:
========================================
( dollars in millions ), december 31 2004
obligations of equity affiliates, $ 131
residual value guarantees, 90
total, $ 221
========================================
Additional Information: ['if certain operating leases are terminated by the company , it guarantees a portion of the residual value loss , if any , incurred by the lessors in disposing of the related assets .', 'under these operating leases , the residual value guarantees at december 31 , 2004 totaled $ 90 million and consisted primarily of leases for railcars , company aircraft , and other equipment .', 'the company believes , based on current facts and circumstances , that a material payment pursuant to such guarantees is remote .', 'guarantees and claims also arise during the ordinary course of business from relationships with suppliers , customers and non-consolidated affiliates when the company undertakes an obligation to guarantee the performance of others if specified triggering events occur .', 'non-performance under a contract could trigger an obligation of the company .', 'these potential claims include actions based upon alleged exposures to products , intellectual property and environmental matters , and other indemnifications .', 'the ultimate effect on future financial results is not subject to reasonable estimation because considerable uncertainty exists as to the final outcome of these claims .', 'however , while the ultimate liabilities resulting from such claims may be significant to results of operations in the period recognized , management does not anticipate they will have a material adverse effect on the company 2019s consolidated financial position or liquidity .', 'product warranty liability the company warrants to the original purchaser of its products that it will repair or replace without charge products if they fail due to a manufacturing defect .', 'however , the company 2019s historical claims experience has not been material .', 'the estimated product warranty liability for the company 2019s products as of december 31 , 2004 is approximately $ 1 million .', 'the company accrues for product warranties when it is probable that customers will make claims under warranties relating to products that have been sold and a reasonable estimate of the costs can be made .', 'variable interest entities the company has evaluated material relationships including the guarantees related to the third-party borrowings of joint ventures described above and has concluded that the entities are not variable interest entities ( 201cvies 201d ) or , in the case of primester , a joint venture that manufactures cellulose acetate at its kingsport , tennessee plant , the company is not the primary beneficiary of the vie .', 'as such , in accordance with fin 46r , the company is not required to consolidate these entities .', 'in addition , the company has evaluated long-term purchase obligations with two entities that may be vies at december 31 , 2004 .', 'these potential vies are joint ventures from which the company has purchased raw materials and utilities for several years and purchases approximately $ 40 million of raw materials and utilities on an annual basis .', 'the company has no equity interest in these entities and has confirmed that one party to each of these joint ventures does consolidate the potential vie .', 'however , due to competitive and other reasons , the company has not been able to obtain the necessary financial information to determine whether the entities are vies , and if one or both are vies , whether or not the company is the primary beneficiary .', 'notes to consolidated financial statements eastman chemical company and subsidiaries 2013 80 2013 .'] | 1.45556 | EMN/2004/page_82.pdf-1 | ['guarantees in november 2002 , the fasb issued interpretation no .', '45 ( 201cfin 45 201d ) , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others , 201d an interpretation of fasb statements no .', '5 , 57 , and 107 and rescission of fasb interpretation no .', '34 .', 'fin 45 clarifies the requirements of sfas no .', '5 , 201caccounting for contingencies , 201d relating to the guarantor 2019s accounting for , and disclosure of , the issuance of certain types of guarantees .', 'disclosures about each group of similar guarantees are provided below and summarized in the following table: .'] | ['if certain operating leases are terminated by the company , it guarantees a portion of the residual value loss , if any , incurred by the lessors in disposing of the related assets .', 'under these operating leases , the residual value guarantees at december 31 , 2004 totaled $ 90 million and consisted primarily of leases for railcars , company aircraft , and other equipment .', 'the company believes , based on current facts and circumstances , that a material payment pursuant to such guarantees is remote .', 'guarantees and claims also arise during the ordinary course of business from relationships with suppliers , customers and non-consolidated affiliates when the company undertakes an obligation to guarantee the performance of others if specified triggering events occur .', 'non-performance under a contract could trigger an obligation of the company .', 'these potential claims include actions based upon alleged exposures to products , intellectual property and environmental matters , and other indemnifications .', 'the ultimate effect on future financial results is not subject to reasonable estimation because considerable uncertainty exists as to the final outcome of these claims .', 'however , while the ultimate liabilities resulting from such claims may be significant to results of operations in the period recognized , management does not anticipate they will have a material adverse effect on the company 2019s consolidated financial position or liquidity .', 'product warranty liability the company warrants to the original purchaser of its products that it will repair or replace without charge products if they fail due to a manufacturing defect .', 'however , the company 2019s historical claims experience has not been material .', 'the estimated product warranty liability for the company 2019s products as of december 31 , 2004 is approximately $ 1 million .', 'the company accrues for product warranties when it is probable that customers will make claims under warranties relating to products that have been sold and a reasonable estimate of the costs can be made .', 'variable interest entities the company has evaluated material relationships including the guarantees related to the third-party borrowings of joint ventures described above and has concluded that the entities are not variable interest entities ( 201cvies 201d ) or , in the case of primester , a joint venture that manufactures cellulose acetate at its kingsport , tennessee plant , the company is not the primary beneficiary of the vie .', 'as such , in accordance with fin 46r , the company is not required to consolidate these entities .', 'in addition , the company has evaluated long-term purchase obligations with two entities that may be vies at december 31 , 2004 .', 'these potential vies are joint ventures from which the company has purchased raw materials and utilities for several years and purchases approximately $ 40 million of raw materials and utilities on an annual basis .', 'the company has no equity interest in these entities and has confirmed that one party to each of these joint ventures does consolidate the potential vie .', 'however , due to competitive and other reasons , the company has not been able to obtain the necessary financial information to determine whether the entities are vies , and if one or both are vies , whether or not the company is the primary beneficiary .', 'notes to consolidated financial statements eastman chemical company and subsidiaries 2013 80 2013 .'] | ========================================
( dollars in millions ), december 31 2004
obligations of equity affiliates, $ 131
residual value guarantees, 90
total, $ 221
======================================== | divide(131, 90) | 1.45556 |
what was the percent change in the aggregate net asset values of the collateral pools underlying ssga lending funds between 2008 and 2009? | Context: ['action commenced by the california attorney general , we are providing customers with greater transparency into the pricing of this product and other alternatives offered by us for addressing their foreign exchange requirements .', 'although we believe such disclosures will address customer interests for increased transparency , over time such action may result in pressure on our pricing of this product or result in clients electing other foreign exchange execution options , which would have an adverse impact on the revenue from , and profitability of , this product for us .', 'we may be exposed to customer claims , financial loss , reputational damage and regulatory scrutiny as a result of transacting purchases and redemptions relating to the unregistered cash collateral pools underlying our securities lending program at a net asset value of $ 1.00 per unit rather than a lower net asset value based upon market value of the underlying portfolios .', 'a portion of the cash collateral received by customers under our securities lending program is invested in cash collateral pools that we manage .', 'interests in these cash collateral pools are held by unaffiliated customers and by registered and unregistered investment funds that we manage .', 'our cash collateral pools that are money market funds registered under the investment company act of 1940 are required to maintain , and have maintained , a constant net asset value of $ 1.00 per unit .', 'the remainder of our cash collateral pools are collective investment funds that are not required to be registered under the investment company act .', 'these unregistered cash collateral pools seek , but are not required , to maintain , and transact purchases and redemptions at , a constant net asset value of $ 1.00 per unit .', 'our securities lending operations consist of two components ; a direct lending program for third-party investment managers and asset owners , the collateral pools for which we refer to as direct lending collateral pools ; and investment funds with a broad range of investment objectives that are managed by ssga and engage in securities lending , which we refer to as ssga lending funds .', 'the following table shows the aggregate net asset values of the unregistered direct lending collateral pools and the aggregate net asset value of the unregistered collateral pools underlying the ssga lending funds , in each case based on a constant net asset value of $ 1.00 per ( in billions ) december 31 , 2009 december 31 , 2008 december 31 , 2007 ( 1 ) .']
Data Table:
----------------------------------------
• ( in billions ), december 31 2009, december 31 2008, december 31 2007 ( 1 )
• direct lending collateral pools, $ 85, $ 85, $ 150
• collateral pools underlying ssga lending funds, 24, 31, 44
----------------------------------------
Follow-up: ['( 1 ) certain of the ssga lending funds were participants in the direct lending collateral pools until october 2008 .', 'the direct lending collateral pool balances at december 31 , 2007 related to ssga lending funds have been included within the ssga lending fund balances and excluded from the direct lending collateral pool balances presented above. .'] | 0.29167 | STT/2009/page_25.pdf-2 | ['action commenced by the california attorney general , we are providing customers with greater transparency into the pricing of this product and other alternatives offered by us for addressing their foreign exchange requirements .', 'although we believe such disclosures will address customer interests for increased transparency , over time such action may result in pressure on our pricing of this product or result in clients electing other foreign exchange execution options , which would have an adverse impact on the revenue from , and profitability of , this product for us .', 'we may be exposed to customer claims , financial loss , reputational damage and regulatory scrutiny as a result of transacting purchases and redemptions relating to the unregistered cash collateral pools underlying our securities lending program at a net asset value of $ 1.00 per unit rather than a lower net asset value based upon market value of the underlying portfolios .', 'a portion of the cash collateral received by customers under our securities lending program is invested in cash collateral pools that we manage .', 'interests in these cash collateral pools are held by unaffiliated customers and by registered and unregistered investment funds that we manage .', 'our cash collateral pools that are money market funds registered under the investment company act of 1940 are required to maintain , and have maintained , a constant net asset value of $ 1.00 per unit .', 'the remainder of our cash collateral pools are collective investment funds that are not required to be registered under the investment company act .', 'these unregistered cash collateral pools seek , but are not required , to maintain , and transact purchases and redemptions at , a constant net asset value of $ 1.00 per unit .', 'our securities lending operations consist of two components ; a direct lending program for third-party investment managers and asset owners , the collateral pools for which we refer to as direct lending collateral pools ; and investment funds with a broad range of investment objectives that are managed by ssga and engage in securities lending , which we refer to as ssga lending funds .', 'the following table shows the aggregate net asset values of the unregistered direct lending collateral pools and the aggregate net asset value of the unregistered collateral pools underlying the ssga lending funds , in each case based on a constant net asset value of $ 1.00 per ( in billions ) december 31 , 2009 december 31 , 2008 december 31 , 2007 ( 1 ) .'] | ['( 1 ) certain of the ssga lending funds were participants in the direct lending collateral pools until october 2008 .', 'the direct lending collateral pool balances at december 31 , 2007 related to ssga lending funds have been included within the ssga lending fund balances and excluded from the direct lending collateral pool balances presented above. .'] | ----------------------------------------
• ( in billions ), december 31 2009, december 31 2008, december 31 2007 ( 1 )
• direct lending collateral pools, $ 85, $ 85, $ 150
• collateral pools underlying ssga lending funds, 24, 31, 44
---------------------------------------- | subtract(31, 24), divide(#0, 24) | 0.29167 |
what is the total change in long-term rate of return on plan assets if there is an decrease of one hundred basis point? | Background: ['holding other assumptions constant , the following table reflects what a one hundred basis point increase and decrease in our estimated long-term rate of return on plan assets would have on our estimated 2011 pension expense ( in millions ) : change in long-term rate of return on plan assets .']
########
Tabular Data:
increase ( decrease ) in expense | change in long-term rateof return on plan assets increase | change in long-term rateof return on plan assets decrease
----------|----------|----------
u.s . plans | $ -14 ( 14 ) | $ 14
u.k . plans | -35 ( 35 ) | 35
the netherlands plan | -5 ( 5 ) | 5
canada plans | -2 ( 2 ) | 2
########
Follow-up: ['estimated future contributions we estimate contributions of approximately $ 403 million in 2011 as compared with $ 288 million in goodwill and other intangible assets goodwill represents the excess of cost over the fair market value of the net assets acquired .', 'we classify our intangible assets acquired as either trademarks , customer relationships , technology , non-compete agreements , or other purchased intangibles .', 'our goodwill and other intangible balances at december 31 , 2010 increased to $ 8.6 billion and $ 3.6 billion , respectively , compared to $ 6.1 billion and $ 791 million , respectively , at december 31 , 2009 , primarily as a result of the hewitt acquisition .', 'although goodwill is not amortized , we test it for impairment at least annually in the fourth quarter .', 'in the fourth quarter , we also test acquired trademarks ( which also are not amortized ) for impairment .', 'we test more frequently if there are indicators of impairment or whenever business circumstances suggest that the carrying value of goodwill or trademarks may not be recoverable .', 'these indicators may include a sustained significant decline in our share price and market capitalization , a decline in our expected future cash flows , or a significant adverse change in legal factors or in the business climate , among others .', 'no events occurred during 2010 or 2009 that indicate the existence of an impairment with respect to our reported goodwill or trademarks .', 'we perform impairment reviews at the reporting unit level .', 'a reporting unit is an operating segment or one level below an operating segment ( referred to as a 2018 2018component 2019 2019 ) .', 'a component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component .', 'an operating segment shall be deemed to be a reporting unit if all of its components are similar , if none of its components is a reporting unit , or if the segment comprises only a single component .', 'the goodwill impairment test is a two step analysis .', 'step one requires the fair value of each reporting unit to be compared to its book value .', 'management must apply judgment in determining the estimated fair value of the reporting units .', 'if the fair value of a reporting unit is determined to be greater than the carrying value of the reporting unit , goodwill and trademarks are deemed not to be impaired and no further testing is necessary .', 'if the fair value of a reporting unit is less than the carrying value , we perform step two .', 'step two uses the calculated fair value of the reporting unit to perform a hypothetical purchase price allocation to the fair value of the assets and liabilities of the reporting unit .', 'the difference between the fair value of the reporting unit calculated in step one and the fair value of the underlying assets and liabilities of the reporting unit is the implied fair value of the reporting unit 2019s goodwill .', 'a charge is recorded in the financial statements if the carrying value of the reporting unit 2019s goodwill is greater than its implied fair value. .'] | 56.0 | AON/2010/page_61.pdf-2 | ['holding other assumptions constant , the following table reflects what a one hundred basis point increase and decrease in our estimated long-term rate of return on plan assets would have on our estimated 2011 pension expense ( in millions ) : change in long-term rate of return on plan assets .'] | ['estimated future contributions we estimate contributions of approximately $ 403 million in 2011 as compared with $ 288 million in goodwill and other intangible assets goodwill represents the excess of cost over the fair market value of the net assets acquired .', 'we classify our intangible assets acquired as either trademarks , customer relationships , technology , non-compete agreements , or other purchased intangibles .', 'our goodwill and other intangible balances at december 31 , 2010 increased to $ 8.6 billion and $ 3.6 billion , respectively , compared to $ 6.1 billion and $ 791 million , respectively , at december 31 , 2009 , primarily as a result of the hewitt acquisition .', 'although goodwill is not amortized , we test it for impairment at least annually in the fourth quarter .', 'in the fourth quarter , we also test acquired trademarks ( which also are not amortized ) for impairment .', 'we test more frequently if there are indicators of impairment or whenever business circumstances suggest that the carrying value of goodwill or trademarks may not be recoverable .', 'these indicators may include a sustained significant decline in our share price and market capitalization , a decline in our expected future cash flows , or a significant adverse change in legal factors or in the business climate , among others .', 'no events occurred during 2010 or 2009 that indicate the existence of an impairment with respect to our reported goodwill or trademarks .', 'we perform impairment reviews at the reporting unit level .', 'a reporting unit is an operating segment or one level below an operating segment ( referred to as a 2018 2018component 2019 2019 ) .', 'a component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component .', 'an operating segment shall be deemed to be a reporting unit if all of its components are similar , if none of its components is a reporting unit , or if the segment comprises only a single component .', 'the goodwill impairment test is a two step analysis .', 'step one requires the fair value of each reporting unit to be compared to its book value .', 'management must apply judgment in determining the estimated fair value of the reporting units .', 'if the fair value of a reporting unit is determined to be greater than the carrying value of the reporting unit , goodwill and trademarks are deemed not to be impaired and no further testing is necessary .', 'if the fair value of a reporting unit is less than the carrying value , we perform step two .', 'step two uses the calculated fair value of the reporting unit to perform a hypothetical purchase price allocation to the fair value of the assets and liabilities of the reporting unit .', 'the difference between the fair value of the reporting unit calculated in step one and the fair value of the underlying assets and liabilities of the reporting unit is the implied fair value of the reporting unit 2019s goodwill .', 'a charge is recorded in the financial statements if the carrying value of the reporting unit 2019s goodwill is greater than its implied fair value. .'] | increase ( decrease ) in expense | change in long-term rateof return on plan assets increase | change in long-term rateof return on plan assets decrease
----------|----------|----------
u.s . plans | $ -14 ( 14 ) | $ 14
u.k . plans | -35 ( 35 ) | 35
the netherlands plan | -5 ( 5 ) | 5
canada plans | -2 ( 2 ) | 2 | add(14, 35), add(#0, 5), add(#1, 2) | 56.0 |
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? | Pre-text: ['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. .']
--------
Tabular Data:
----------------------------------------
Row 1: 2004, high, low
Row 2: quarter ended march 31, $ 13.12, $ 9.89
Row 3: quarter ended june 30, 16.00, 11.13
Row 4: quarter ended september 30, 15.85, 13.10
Row 5: quarter ended december 31, 18.75, 15.19
Row 6: 2003, high, low
Row 7: quarter ended march 31, $ 5.94, $ 3.55
Row 8: quarter ended june 30, 9.90, 5.41
Row 9: quarter ended september 30, 11.74, 8.73
Row 10: quarter ended december 31, 12.00, 9.59
----------------------------------------
--------
Additional Information: ['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 .'] | 0.237 | AMT/2004/page_28.pdf-2 | ['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. .'] | ['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 .'] | ----------------------------------------
Row 1: 2004, high, low
Row 2: quarter ended march 31, $ 13.12, $ 9.89
Row 3: quarter ended june 30, 16.00, 11.13
Row 4: quarter ended september 30, 15.85, 13.10
Row 5: quarter ended december 31, 18.75, 15.19
Row 6: 2003, high, low
Row 7: quarter ended march 31, $ 5.94, $ 3.55
Row 8: quarter ended june 30, 9.90, 5.41
Row 9: quarter ended september 30, 11.74, 8.73
Row 10: quarter ended december 31, 12.00, 9.59
---------------------------------------- | subtract(18.79, 15.19), divide(#0, 15.19) | 0.237 |
what portion of the new sites acquired or constructed during 2010 is located in united states? | Pre-text: ['2022 international .', 'in general , our international markets are less advanced with respect to the current technologies deployed for wireless services .', 'as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments .', 'for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions .', 'in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks .', 'in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks .', 'we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .', 'rental and management operations new site revenue growth .', 'during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites .', 'we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. .']
##
Tabular Data:
========================================
Row 1: new sites ( acquired or constructed ), 2010, 2009, 2008
Row 2: domestic, 947, 528, 160
Row 3: international ( 1 ), 6865, 3022, 801
========================================
##
Post-table: ['( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru .', 'network development services segment revenue growth .', 'as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues .', 'through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites .', 'rental and management operations expenses .', 'our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities .', 'these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense .', 'in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .', 'as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .', 'in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas .', 'our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities .', 'reit election .', 'as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s .', 'federal and , where applicable , state income tax purposes .', 'we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .'] | 0.12122 | AMT/2010/page_41.pdf-1 | ['2022 international .', 'in general , our international markets are less advanced with respect to the current technologies deployed for wireless services .', 'as a result , demand for our communications sites is driven by continued voice network investments , new market entrants and initial 3g data network deployments .', 'for example , in india , nationwide voice networks continue to be deployed as wireless service providers are beginning their initial investments in 3g data networks , as a result of recent spectrum auctions .', 'in mexico and brazil , where nationwide voice networks have been deployed , some incumbent wireless service providers continue to invest in their 3g data networks , and recent spectrum auctions have enabled other incumbent wireless service providers and new market entrants to begin their initial investments in 3g data networks .', 'in markets such as chile and peru , recent spectrum auctions have attracted new market entrants , who are expected to begin their investment in deploying nationwide voice and 3g data networks .', 'we believe demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks .', 'rental and management operations new site revenue growth .', 'during the year ended december 31 , 2010 , we grew our portfolio of communications sites through acquisitions and construction activities , including the acquisition and construction of approximately 7800 sites .', 'we continue to evaluate opportunities to acquire larger communications site portfolios , both domestically and internationally , that we believe we can effectively integrate into our existing portfolio. .'] | ['( 1 ) the majority of sites acquired or constructed internationally during 2010 and 2009 were in india and our newly launched operations in chile , colombia and peru .', 'network development services segment revenue growth .', 'as we continue to focus on growing our rental and management operations , we anticipate that our network development services revenue will continue to represent a small percentage of our total revenues .', 'through our network development services segment , we offer tower-related services , including site acquisition , zoning and permitting services and structural analysis services , which primarily support our site leasing business and the addition of new tenants and equipment on our sites .', 'rental and management operations expenses .', 'our rental and management operations expenses include our direct site level expenses and consist primarily of ground rent , property taxes , repairs and maintenance and utilities .', 'these segment level expenses exclude all segment and corporate level selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense .', 'in general , our rental and management segment level selling , general and administrative expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .', 'as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .', 'in geographic areas where we have recently launched operations or are focused on materially expanding our site footprint , we may incur additional segment level selling , general and administrative expenses as we increase our presence in these areas .', 'our profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities .', 'reit election .', 'as we review our tax strategy and assess the utilization of our federal and state nols , we are actively considering an election to a reit for u.s .', 'federal and , where applicable , state income tax purposes .', 'we may make the determination to elect reit status for the taxable year beginning january 1 , 2012 , as early as the second half of 2011 , subject to the approval of our board of directors , although there is no certainty as to the timing of a reit election or whether we will make a reit election at all. .'] | ========================================
Row 1: new sites ( acquired or constructed ), 2010, 2009, 2008
Row 2: domestic, 947, 528, 160
Row 3: international ( 1 ), 6865, 3022, 801
======================================== | add(947, 6865), divide(947, #0) | 0.12122 |
what is going to be the matured value of the eurobond issued in 2013 , in millions? | Background: ['maturities of long-term debt in each of the next five years and beyond are as follows: .']
----
Tabular Data:
****************************************
Row 1: 2014, $ 907.4
Row 2: 2015, 453.0
Row 3: 2016, 433.0
Row 4: 2017, 453.8
Row 5: 2018, 439.9
Row 6: thereafter, 2876.6
Row 7: total, $ 5563.7
****************************************
----
Post-table: ['on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 .', 'additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 .', 'various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions .', 'as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements .', 'as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 .', 'our current intent is to refinance this debt via the u.s .', 'public or private placement markets .', 'on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries .', 'the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program .', 'this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) .', 'no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 .', 'the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) .', 'no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred .', 'effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 .', 'there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 .', 'additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .'] | 456.02821 | APD/2013/page_81.pdf-2 | ['maturities of long-term debt in each of the next five years and beyond are as follows: .'] | ['on 4 february 2013 , we issued a $ 400.0 senior fixed-rate 2.75% ( 2.75 % ) note that matures on 3 february 2023 .', 'additionally , on 7 august 2013 , we issued a 2.0% ( 2.0 % ) eurobond for 20ac300 million ( $ 397 ) that matures on 7 august 2020 .', 'various debt agreements to which we are a party also include financial covenants and other restrictions , including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions .', 'as of 30 september 2013 , we are in compliance with all the financial and other covenants under our debt agreements .', 'as of 30 september 2013 , we have classified commercial paper of $ 400.0 maturing in 2014 as long-term debt because we have the ability and intent to refinance the debt under our $ 2500.0 committed credit facility maturing in 2018 .', 'our current intent is to refinance this debt via the u.s .', 'public or private placement markets .', 'on 30 april 2013 , we entered into a five-year $ 2500.0 revolving credit agreement with a syndicate of banks ( the 201c2013 credit agreement 201d ) , under which senior unsecured debt is available to us and certain of our subsidiaries .', 'the 2013 credit agreement provides us with a source of liquidity and supports our commercial paper program .', 'this agreement increases the previously existing facility by $ 330.0 , extends the maturity date to 30 april 2018 , and modifies the financial covenant to a maximum ratio of total debt to total capitalization ( total debt plus total equity plus redeemable noncontrolling interest ) no greater than 70% ( 70 % ) .', 'no borrowings were outstanding under the 2013 credit agreement as of 30 september 2013 .', 'the 2013 credit agreement terminates and replaces our previous $ 2170.0 revolving credit agreement dated 8 july 2010 , as subsequently amended , which was to mature 30 june 2015 and had a financial covenant of long-term debt divided by the sum of long-term debt plus equity of no greater than 60% ( 60 % ) .', 'no borrowings were outstanding under the previous agreement at the time of its termination and no early termination penalties were incurred .', 'effective 11 june 2012 , we entered into an offshore chinese renminbi ( rmb ) syndicated credit facility of rmb1000.0 million ( $ 163.5 ) , maturing in june 2015 .', 'there are rmb250.0 million ( $ 40.9 ) in outstanding borrowings under this commitment at 30 september 2013 .', 'additional commitments totaling $ 383.0 are maintained by our foreign subsidiaries , of which $ 309.0 was borrowed and outstanding at 30 september 2013. .'] | ****************************************
Row 1: 2014, $ 907.4
Row 2: 2015, 453.0
Row 3: 2016, 433.0
Row 4: 2017, 453.8
Row 5: 2018, 439.9
Row 6: thereafter, 2876.6
Row 7: total, $ 5563.7
**************************************** | add(const_1, 2.0%), exp(#0, 7), multiply(397, #1) | 456.02821 |
as of december 31 , 2013 what percentage of total contractual obligations is due to noncancelable operating leases? | Background: ['23t .', 'rowe price group | annual report 2013 contractual obligations the following table presents a summary of our future obligations ( in millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2013 .', 'other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .', 'because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .', 'the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2014 and future years .', 'the information also excludes the $ 4.8 million of uncertain tax positions discussed in note 8 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .']
Data Table:
========================================
, total, 2014, 2015-16, 2017-18, later
noncancelable operating leases, $ 124, $ 32, $ 57, $ 25, $ 10
other purchase commitments, 149, 108, 34, 7, 2014
total, $ 273, $ 140, $ 91, $ 32, $ 10
========================================
Additional Information: ['we also have outstanding commitments to fund additional contributions to investment partnerships totaling $ 40.7 million at december 31 , 2013 .', 'the vast majority of these additional contributions will be made to investment partnerships in which we have an existing investment .', 'in addition to such amounts , a percentage of prior distributions may be called under certain circumstances .', 'in january 2014 , we renewed and extended our operating lease at our corporate headquarters in baltimore , maryland through 2027 .', 'this lease agreement increases the above disclosed total noncancelable operating lease commitments by an additional $ 133.0 million , the vast majority of which will be paid after 2018 .', 'critical accounting policies the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .', 'further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our consolidated balance sheets , the revenues and expenses in our consolidated statements of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .', 'making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .', 'accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .', 'we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2013 annual report .', 'in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .', 'other-than-temporary impairments of available-for-sale securities .', 'we generally classify our investment holdings in sponsored funds as available-for-sale if we are not deemed to a have a controlling financial interest .', 'at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the consolidated statements of comprehensive income .', 'we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .', 'in determining whether a mutual fund holding is other-than-temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .', 'subject to the other considerations noted above , we believe a fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other-than-temporary impairment .', 'we may also recognize an other-than-temporary loss of less than six months in our consolidated statements of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible. .'] | 0.45421 | TROW/2013/page_25.pdf-3 | ['23t .', 'rowe price group | annual report 2013 contractual obligations the following table presents a summary of our future obligations ( in millions ) under the terms of existing operating leases and other contractual cash purchase commitments at december 31 , 2013 .', 'other purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated , under certain conditions that may involve termination fees .', 'because these obligations are generally of a normal recurring nature , we expect that we will fund them from future cash flows from operations .', 'the information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2014 and future years .', 'the information also excludes the $ 4.8 million of uncertain tax positions discussed in note 8 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities. .'] | ['we also have outstanding commitments to fund additional contributions to investment partnerships totaling $ 40.7 million at december 31 , 2013 .', 'the vast majority of these additional contributions will be made to investment partnerships in which we have an existing investment .', 'in addition to such amounts , a percentage of prior distributions may be called under certain circumstances .', 'in january 2014 , we renewed and extended our operating lease at our corporate headquarters in baltimore , maryland through 2027 .', 'this lease agreement increases the above disclosed total noncancelable operating lease commitments by an additional $ 133.0 million , the vast majority of which will be paid after 2018 .', 'critical accounting policies the preparation of financial statements often requires the selection of specific accounting methods and policies from among several acceptable alternatives .', 'further , significant estimates and judgments may be required in selecting and applying those methods and policies in the recognition of the assets and liabilities in our consolidated balance sheets , the revenues and expenses in our consolidated statements of income , and the information that is contained in our significant accounting policies and notes to consolidated financial statements .', 'making these estimates and judgments requires the analysis of information concerning events that may not yet be complete and of facts and circumstances that may change over time .', 'accordingly , actual amounts or future results can differ materially from those estimates that we include currently in our consolidated financial statements , significant accounting policies , and notes .', 'we present those significant accounting policies used in the preparation of our consolidated financial statements as an integral part of those statements within this 2013 annual report .', 'in the following discussion , we highlight and explain further certain of those policies that are most critical to the preparation and understanding of our financial statements .', 'other-than-temporary impairments of available-for-sale securities .', 'we generally classify our investment holdings in sponsored funds as available-for-sale if we are not deemed to a have a controlling financial interest .', 'at the end of each quarter , we mark the carrying amount of each investment holding to fair value and recognize an unrealized gain or loss as a component of comprehensive income within the consolidated statements of comprehensive income .', 'we next review each individual security position that has an unrealized loss or impairment to determine if that impairment is other than temporary .', 'in determining whether a mutual fund holding is other-than-temporarily impaired , we consider many factors , including the duration of time it has existed , the severity of the impairment , any subsequent changes in value , and our intent and ability to hold the security for a period of time sufficient for an anticipated recovery in fair value .', 'subject to the other considerations noted above , we believe a fund holding with an unrealized loss that has persisted daily throughout the six months between quarter-ends is generally presumed to have an other-than-temporary impairment .', 'we may also recognize an other-than-temporary loss of less than six months in our consolidated statements of income if the particular circumstances of the underlying investment do not warrant our belief that a near-term recovery is possible. .'] | ========================================
, total, 2014, 2015-16, 2017-18, later
noncancelable operating leases, $ 124, $ 32, $ 57, $ 25, $ 10
other purchase commitments, 149, 108, 34, 7, 2014
total, $ 273, $ 140, $ 91, $ 32, $ 10
======================================== | divide(124, 273) | 0.45421 |
what is the percentage of north america's signal and power solutions sites among all signal and power solutions sites? | Background: ['adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations .', 'while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur .', 'while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes .', 'should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition .', 'item 1b .', 'unresolved staff comments we have no unresolved sec staff comments to report .', 'item 2 .', 'properties as of december 31 , 2018 , we owned or leased 126 major manufacturing sites and 15 major technical centers .', 'a manufacturing site may include multiple plants and may be wholly or partially owned or leased .', 'we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .', 'we have a presence in 44 countries .', 'the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .']
----
Data Table:
Row 1: , north america, europemiddle east& africa, asia pacific, south america, total
Row 2: signal and power solutions, 45, 33, 33, 5, 116
Row 3: advanced safety and user experience, 2, 5, 3, 2014, 10
Row 4: total, 47, 38, 36, 5, 126
----
Follow-up: ['in addition to these manufacturing sites , we had 15 major technical centers : eight in north america ; two in europe , middle east and africa ; and five in asia pacific .', 'of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 61 are primarily owned and 80 are primarily leased .', 'we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .', 'we believe our evolving portfolio will meet current and anticipated future needs .', 'item 3 .', 'legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .', 'it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .', 'with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .', 'however , the final amounts required to resolve these matters could differ materially from our recorded estimates .', 'brazil matters aptiv conducts business operations in brazil that are subject to the brazilian federal labor , social security , environmental , tax and customs laws , as well as a variety of state and local laws .', 'while aptiv believes it complies with such laws , they are complex , subject to varying interpretations , and the company is often engaged in litigation with government agencies regarding the application of these laws to particular circumstances .', 'as of december 31 , 2018 , the majority of claims asserted against aptiv in brazil relate to such litigation .', 'the remaining claims in brazil relate to commercial and labor litigation with private parties .', 'as of december 31 , 2018 , claims totaling approximately $ 145 million ( using december 31 , 2018 foreign currency rates ) have been asserted against aptiv in brazil .', 'as of december 31 , 2018 , the company maintains accruals for these asserted claims of $ 30 million ( using december 31 , 2018 foreign currency rates ) .', 'the amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the company 2019s analyses and assessment of the asserted claims and prior experience with similar matters .', 'while the company believes its accruals are adequate , the final amounts required to resolve these matters could differ materially from the company 2019s recorded estimates and aptiv 2019s results of .'] | 0.38793 | APTV/2018/page_34.pdf-3 | ['adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations .', 'while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur .', 'while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes .', 'should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition .', 'item 1b .', 'unresolved staff comments we have no unresolved sec staff comments to report .', 'item 2 .', 'properties as of december 31 , 2018 , we owned or leased 126 major manufacturing sites and 15 major technical centers .', 'a manufacturing site may include multiple plants and may be wholly or partially owned or leased .', 'we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .', 'we have a presence in 44 countries .', 'the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .'] | ['in addition to these manufacturing sites , we had 15 major technical centers : eight in north america ; two in europe , middle east and africa ; and five in asia pacific .', 'of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 61 are primarily owned and 80 are primarily leased .', 'we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .', 'we believe our evolving portfolio will meet current and anticipated future needs .', 'item 3 .', 'legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .', 'it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .', 'with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .', 'however , the final amounts required to resolve these matters could differ materially from our recorded estimates .', 'brazil matters aptiv conducts business operations in brazil that are subject to the brazilian federal labor , social security , environmental , tax and customs laws , as well as a variety of state and local laws .', 'while aptiv believes it complies with such laws , they are complex , subject to varying interpretations , and the company is often engaged in litigation with government agencies regarding the application of these laws to particular circumstances .', 'as of december 31 , 2018 , the majority of claims asserted against aptiv in brazil relate to such litigation .', 'the remaining claims in brazil relate to commercial and labor litigation with private parties .', 'as of december 31 , 2018 , claims totaling approximately $ 145 million ( using december 31 , 2018 foreign currency rates ) have been asserted against aptiv in brazil .', 'as of december 31 , 2018 , the company maintains accruals for these asserted claims of $ 30 million ( using december 31 , 2018 foreign currency rates ) .', 'the amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the company 2019s analyses and assessment of the asserted claims and prior experience with similar matters .', 'while the company believes its accruals are adequate , the final amounts required to resolve these matters could differ materially from the company 2019s recorded estimates and aptiv 2019s results of .'] | Row 1: , north america, europemiddle east& africa, asia pacific, south america, total
Row 2: signal and power solutions, 45, 33, 33, 5, 116
Row 3: advanced safety and user experience, 2, 5, 3, 2014, 10
Row 4: total, 47, 38, 36, 5, 126 | divide(45, 116) | 0.38793 |
what was the average rental expense from 2005 to 2007 in millions | Pre-text: ['lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 .', 'long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively .', 'the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments .', 'we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million .', 'the annual interest rate on the note , which was retired during 2006 , was note 6 .', 'commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment .', 'the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: .']
##########
Tabular Data:
========================================
2008 | $ 42335
2009 | 33249
2010 | 25149
2011 | 17425
2012 | 11750
thereafter | 28581
future minimum lease payments | $ 158489
========================================
##########
Post-table: ['rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively .', 'we guaranty the residual values of the majority of our truck and equipment operating leases .', 'the residual values decline over the lease terms to a defined percentage of original cost .', 'in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .', 'similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .', 'had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million .', 'litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers .', 'on december 12 , 2005 , ford filed an amended complaint .', 'both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 .'] | 30.6 | LKQ/2007/page_76.pdf-3 | ['lkq corporation and subsidiaries notes to consolidated financial statements ( continued ) note 5 .', 'long-term obligations ( continued ) as part of the consideration for business acquisitions completed during 2007 , 2006 and 2005 , we issued promissory notes totaling approximately $ 1.7 million , $ 7.2 million and $ 6.4 million , respectively .', 'the notes bear interest at annual rates of 3.0% ( 3.0 % ) to 6.0% ( 6.0 % ) , and interest is payable at maturity or in monthly installments .', 'we also assumed certain liabilities in connection with a business acquisition during the second quarter of 2005 , including a promissory note with a remaining principle balance of approximately $ 0.2 million .', 'the annual interest rate on the note , which was retired during 2006 , was note 6 .', 'commitments and contingencies operating leases we are obligated under noncancelable operating leases for corporate office space , warehouse and distribution facilities , trucks and certain equipment .', 'the future minimum lease commitments under these leases at december 31 , 2007 are as follows ( in thousands ) : years ending december 31: .'] | ['rental expense for operating leases was approximately $ 27.4 million , $ 18.6 million and $ 12.2 million during the years ended december 31 , 2007 , 2006 and 2005 , respectively .', 'we guaranty the residual values of the majority of our truck and equipment operating leases .', 'the residual values decline over the lease terms to a defined percentage of original cost .', 'in the event the lessor does not realize the residual value when a piece of equipment is sold , we would be responsible for a portion of the shortfall .', 'similarly , if the lessor realizes more than the residual value when a piece of equipment is sold , we would be paid the amount realized over the residual value .', 'had we terminated all of our operating leases subject to these guaranties at december 31 , 2007 , the guarantied residual value would have totaled approximately $ 24.0 million .', 'litigation and related contingencies on december 2 , 2005 , ford global technologies , llc ( 2018 2018ford 2019 2019 ) filed a complaint with the united states international trade commission ( 2018 2018usitc 2019 2019 ) against keystone and five other named respondents , including four taiwan-based manufacturers .', 'on december 12 , 2005 , ford filed an amended complaint .', 'both the complaint and the amended complaint contended that keystone and the other respondents infringed 14 design patents that ford alleges cover eight parts on the 2004-2005 .'] | ========================================
2008 | $ 42335
2009 | 33249
2010 | 25149
2011 | 17425
2012 | 11750
thereafter | 28581
future minimum lease payments | $ 158489
======================================== | add(27.4, 18.6), add(#0, 12.2), add(#1, const_3), divide(#2, const_2) | 30.6 |
did the five year total return on ball corporation outperform the dj containers & packaging index? | Context: ['page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2010 .', 'it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested .', 'the dow jones containers & packaging index total return has been weighted by market capitalization .', 'total return analysis .']
Table:
12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10
ball corporation $ 100.00 $ 110.86 $ 115.36 $ 107.58 $ 134.96 $ 178.93
dj containers & packaging index $ 100.00 $ 112.09 $ 119.63 $ 75.00 $ 105.34 $ 123.56
s&p 500 index $ 100.00 $ 115.80 $ 122.16 $ 76.96 $ 97.33 $ 111.99
copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )
copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved .
Follow-up: ['.'] | yes | BLL/2010/page_28.pdf-2 | ['page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2010 .', 'it assumes $ 100 was invested on december 31 , 2005 , and that all dividends were reinvested .', 'the dow jones containers & packaging index total return has been weighted by market capitalization .', 'total return analysis .'] | ['.'] | 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10
ball corporation $ 100.00 $ 110.86 $ 115.36 $ 107.58 $ 134.96 $ 178.93
dj containers & packaging index $ 100.00 $ 112.09 $ 119.63 $ 75.00 $ 105.34 $ 123.56
s&p 500 index $ 100.00 $ 115.80 $ 122.16 $ 76.96 $ 97.33 $ 111.99
copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm ) copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc . all rights reserved . ( www.researchdatagroup.com/s&p.htm )
copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . copyright a9 2011 dow jones & company . all rights reserved . | greater(178.93, 105.34) | yes |
what was average net sales for space systems in millions from 2013 to 2015? | Background: ['2014 compared to 2013 mst 2019s net sales decreased $ 305 million , or 3% ( 3 % ) , in 2014 as compared to 2013 .', 'net sales decreased by approximately $ 305 million due to the wind-down or completion of certain c4isr programs ( primarily ptds ) ; about $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) .', 'the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .', 'mst 2019s operating profit decreased $ 129 million , or 12% ( 12 % ) , in 2014 as compared to 2013 .', 'the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) ; approximately $ 55 million due to the reasons described above for lower c4isr program sales , as well as performance matters on an international program ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs .', 'the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 85 million lower for 2014 compared to 2013 .', 'backlog backlog increased in 2015 compared to 2014 primarily due to the addition of sikorsky backlog , as well as higher orders on new program starts ( such as australian defence force pilot training system ) .', 'backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) .', 'trends we expect mst 2019s 2016 net sales to increase in the mid-double digit percentage range compared to 2015 net sales due to the inclusion of sikorsky programs for a full year , partially offset by a decline in volume due to the wind-down or completion of certain programs .', 'operating profit is expected to be equivalent to 2015 on higher volume , and operating margin is expected to decline due to costs associated with the sikorsky acquisition , including the impact of purchase accounting adjustments , integration costs and inherited restructuring costs associated with actions committed to by sikorsky prior to acquisition .', 'space systems our space systems business segment is engaged in the research and development , design , engineering and production of satellites , strategic and defensive missile systems and space transportation systems .', 'space systems provides network-enabled situational awareness and integrates complex global systems to help our customers gather , analyze , and securely distribute critical intelligence data .', 'space systems is also responsible for various classified systems and services in support of vital national security systems .', 'space systems 2019 major programs include the trident ii d5 fleet ballistic missile ( fbm ) , orion , space based infrared system ( sbirs ) , aehf , gps-iii , geostationary operational environmental satellite r-series ( goes-r ) , and muos .', 'operating profit for our space systems business segment includes our share of earnings for our investment in ula , which provides expendable launch services to the u.s .', 'government .', 'space systems 2019 operating results included the following ( in millions ) : .']
----------
Tabular Data:
----------------------------------------
, 2015, 2014, 2013
net sales, $ 9105, $ 9202, $ 9288
operating profit, 1171, 1187, 1198
operating margins, 12.9% ( 12.9 % ), 12.9% ( 12.9 % ), 12.9% ( 12.9 % )
backlog at year-end, $ 17400, $ 20300, $ 21400
----------------------------------------
----------
Post-table: ['2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 .', 'the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume .', 'these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume. .'] | 9198.33333 | LMT/2015/page_56.pdf-2 | ['2014 compared to 2013 mst 2019s net sales decreased $ 305 million , or 3% ( 3 % ) , in 2014 as compared to 2013 .', 'net sales decreased by approximately $ 305 million due to the wind-down or completion of certain c4isr programs ( primarily ptds ) ; about $ 85 million for undersea systems programs due to decreased volume and deliveries ; and about $ 55 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) .', 'the decreases were partially offset by higher net sales of approximately $ 80 million for integrated warfare systems and sensors programs due to increased volume ( primarily space fence ) ; and approximately $ 40 million for training and logistics solutions programs due to increased deliveries ( primarily close combat tactical trainer ) .', 'mst 2019s operating profit decreased $ 129 million , or 12% ( 12 % ) , in 2014 as compared to 2013 .', 'the decrease was primarily attributable to lower operating profit of approximately $ 120 million related to the settlements of contract cost matters on certain programs in 2013 that were not repeated in 2014 ( including a portion of the terminated presidential helicopter program ) ; approximately $ 55 million due to the reasons described above for lower c4isr program sales , as well as performance matters on an international program ; and approximately $ 45 million due to higher reserves recorded on certain training and logistics solutions programs .', 'the decreases were partially offset by higher operating profit of approximately $ 45 million for performance matters and reserves recorded in 2013 that were not repeated in 2014 ; and about $ 60 million for various programs due to increased risk retirements ( including mh-60 and radar surveillance programs ) .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 85 million lower for 2014 compared to 2013 .', 'backlog backlog increased in 2015 compared to 2014 primarily due to the addition of sikorsky backlog , as well as higher orders on new program starts ( such as australian defence force pilot training system ) .', 'backlog increased in 2014 compared to 2013 primarily due to higher orders on new program starts ( such as space fence ) .', 'trends we expect mst 2019s 2016 net sales to increase in the mid-double digit percentage range compared to 2015 net sales due to the inclusion of sikorsky programs for a full year , partially offset by a decline in volume due to the wind-down or completion of certain programs .', 'operating profit is expected to be equivalent to 2015 on higher volume , and operating margin is expected to decline due to costs associated with the sikorsky acquisition , including the impact of purchase accounting adjustments , integration costs and inherited restructuring costs associated with actions committed to by sikorsky prior to acquisition .', 'space systems our space systems business segment is engaged in the research and development , design , engineering and production of satellites , strategic and defensive missile systems and space transportation systems .', 'space systems provides network-enabled situational awareness and integrates complex global systems to help our customers gather , analyze , and securely distribute critical intelligence data .', 'space systems is also responsible for various classified systems and services in support of vital national security systems .', 'space systems 2019 major programs include the trident ii d5 fleet ballistic missile ( fbm ) , orion , space based infrared system ( sbirs ) , aehf , gps-iii , geostationary operational environmental satellite r-series ( goes-r ) , and muos .', 'operating profit for our space systems business segment includes our share of earnings for our investment in ula , which provides expendable launch services to the u.s .', 'government .', 'space systems 2019 operating results included the following ( in millions ) : .'] | ['2015 compared to 2014 space systems 2019 net sales in 2015 decreased $ 97 million , or 1% ( 1 % ) , compared to 2014 .', 'the decrease was attributable to approximately $ 335 million lower net sales for government satellite programs due to decreased volume ( primarily aehf ) and the wind-down or completion of mission solutions programs ; and approximately $ 55 million for strategic missile and defense systems due to lower volume .', 'these decreases were partially offset by higher net sales of approximately $ 235 million for businesses acquired in 2014 ; and approximately $ 75 million for the orion program due to increased volume. .'] | ----------------------------------------
, 2015, 2014, 2013
net sales, $ 9105, $ 9202, $ 9288
operating profit, 1171, 1187, 1198
operating margins, 12.9% ( 12.9 % ), 12.9% ( 12.9 % ), 12.9% ( 12.9 % )
backlog at year-end, $ 17400, $ 20300, $ 21400
---------------------------------------- | table_average(net sales, none) | 9198.33333 |
what was pnc's total carrying value from 2008-09 from its investment in blackrock , in billions? | Context: ['blackrock information related to our equity investment in blackrock follows: .']
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Data Table:
----------------------------------------
Row 1: , 2009, 2008
Row 2: business segment earnings ( in millions ) ( a ), $ 207, $ 207
Row 3: pnc 2019s share of blackrock earnings ( b ), 23% ( 23 % ), 33% ( 33 % )
Row 4: carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ), $ 5.8, $ 4.2
----------------------------------------
------
Additional Information: ['carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ) $ 5.8 $ 4.2 ( a ) includes pnc 2019s share of blackrock 2019s reported gaap earnings and additional income taxes on those earnings incurred by pnc .', '( b ) at december 31 .', 'blackrock/barclays global investors transaction on december 1 , 2009 , blackrock acquired bgi from barclays bank plc in exchange for approximately $ 6.65 billion in cash and 37566771 shares of blackrock common and participating preferred stock .', 'in connection with the bgi transaction , blackrock entered into amendments to stockholder agreements with pnc and its other major shareholder .', 'these amendments , which changed certain shareholder rights , including composition of the blackrock board of directors and share transfer restrictions , became effective upon closing of the bgi transaction .', 'also in connection with the bgi transaction , blackrock entered into a stock purchase agreement with pnc in which we purchased 3556188 shares of blackrock 2019s series d preferred stock at a price of $ 140.60 per share , or $ 500 million , to partially finance the transaction .', 'on january 31 , 2010 , the series d preferred stock was converted to series b preferred stock .', 'upon closing of the bgi transaction , the carrying value of our investment in blackrock increased significantly , reflecting our portion of the increase in blackrock 2019s equity resulting from the value of blackrock shares issued in connection with their acquisition of bgi .', 'pnc recognized this increase in value as a $ 1.076 billion pretax gain in the fourth quarter of 2009 .', 'at december 31 , 2009 , our percentage ownership of blackrock common stock was approximately 35% ( 35 % ) .', 'blackrock ltip programs and exchange agreements pnc 2019s noninterest income included pretax gains of $ 98 million in 2009 and $ 243 million in 2008 related to our blackrock ltip shares obligation .', 'these gains represented the mark-to-market adjustment related to our remaining blackrock ltip common shares obligation and resulted from the decrease in the market value of blackrock common shares in those periods .', 'as previously reported , pnc entered into an exchange agreement with blackrock on december 26 , 2008 .', 'the transactions that resulted from this agreement restructured pnc 2019s ownership of blackrock equity without altering , to any meaningful extent , pnc 2019s economic interest in blackrock .', 'pnc continues to be subject to the limitations on its voting rights in its existing agreements with blackrock .', 'also on december 26 , 2008 , blackrock entered into an exchange agreement with merrill lynch in anticipation of the consummation of the merger of bank of america corporation and merrill lynch that occurred on january 1 , 2009 .', 'the pnc and merrill lynch exchange agreements restructured pnc 2019s and merrill lynch 2019s respective ownership of blackrock common and preferred equity .', 'the exchange contemplated by these agreements was completed on february 27 , 2009 .', 'on that date , pnc 2019s obligation to deliver blackrock common shares was replaced with an obligation to deliver shares of blackrock 2019s new series c preferred stock .', 'pnc acquired 2.9 million shares of series c preferred stock from blackrock in exchange for common shares on that same date .', 'pnc accounts for these preferred shares at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock as we aligned the fair value marks on this asset and liability .', 'the fair value of the blackrock series c preferred stock is included on our consolidated balance sheet in other assets .', 'additional information regarding the valuation of the blackrock series c preferred stock is included in note 8 fair value in the notes to consolidated financial statements included in item 8 of this report .', 'pnc accounts for its remaining investment in blackrock under the equity method of accounting , with its share of blackrock 2019s earnings reduced primarily due to the exchange of blackrock common stock for blackrock series c preferred stock .', 'the series c preferred stock is not taken into consideration in determining pnc 2019s share of blackrock earnings under the equity method .', 'pnc 2019s percentage ownership of blackrock common stock increased as a result of the substantial exchange of merrill lynch 2019s blackrock common stock for blackrock preferred stock .', 'as a result of the blackrock preferred stock held by merrill lynch and the new blackrock preferred stock issued to merrill lynch and pnc under the exchange agreements , pnc 2019s share of blackrock common stock is higher than its overall share of blackrock 2019s equity and earnings .', 'the transactions related to the exchange agreements do not affect our right to receive dividends declared by blackrock. .'] | 10.0 | PNC/2009/page_62.pdf-3 | ['blackrock information related to our equity investment in blackrock follows: .'] | ['carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ) $ 5.8 $ 4.2 ( a ) includes pnc 2019s share of blackrock 2019s reported gaap earnings and additional income taxes on those earnings incurred by pnc .', '( b ) at december 31 .', 'blackrock/barclays global investors transaction on december 1 , 2009 , blackrock acquired bgi from barclays bank plc in exchange for approximately $ 6.65 billion in cash and 37566771 shares of blackrock common and participating preferred stock .', 'in connection with the bgi transaction , blackrock entered into amendments to stockholder agreements with pnc and its other major shareholder .', 'these amendments , which changed certain shareholder rights , including composition of the blackrock board of directors and share transfer restrictions , became effective upon closing of the bgi transaction .', 'also in connection with the bgi transaction , blackrock entered into a stock purchase agreement with pnc in which we purchased 3556188 shares of blackrock 2019s series d preferred stock at a price of $ 140.60 per share , or $ 500 million , to partially finance the transaction .', 'on january 31 , 2010 , the series d preferred stock was converted to series b preferred stock .', 'upon closing of the bgi transaction , the carrying value of our investment in blackrock increased significantly , reflecting our portion of the increase in blackrock 2019s equity resulting from the value of blackrock shares issued in connection with their acquisition of bgi .', 'pnc recognized this increase in value as a $ 1.076 billion pretax gain in the fourth quarter of 2009 .', 'at december 31 , 2009 , our percentage ownership of blackrock common stock was approximately 35% ( 35 % ) .', 'blackrock ltip programs and exchange agreements pnc 2019s noninterest income included pretax gains of $ 98 million in 2009 and $ 243 million in 2008 related to our blackrock ltip shares obligation .', 'these gains represented the mark-to-market adjustment related to our remaining blackrock ltip common shares obligation and resulted from the decrease in the market value of blackrock common shares in those periods .', 'as previously reported , pnc entered into an exchange agreement with blackrock on december 26 , 2008 .', 'the transactions that resulted from this agreement restructured pnc 2019s ownership of blackrock equity without altering , to any meaningful extent , pnc 2019s economic interest in blackrock .', 'pnc continues to be subject to the limitations on its voting rights in its existing agreements with blackrock .', 'also on december 26 , 2008 , blackrock entered into an exchange agreement with merrill lynch in anticipation of the consummation of the merger of bank of america corporation and merrill lynch that occurred on january 1 , 2009 .', 'the pnc and merrill lynch exchange agreements restructured pnc 2019s and merrill lynch 2019s respective ownership of blackrock common and preferred equity .', 'the exchange contemplated by these agreements was completed on february 27 , 2009 .', 'on that date , pnc 2019s obligation to deliver blackrock common shares was replaced with an obligation to deliver shares of blackrock 2019s new series c preferred stock .', 'pnc acquired 2.9 million shares of series c preferred stock from blackrock in exchange for common shares on that same date .', 'pnc accounts for these preferred shares at fair value , which offsets the impact of marking-to-market the obligation to deliver these shares to blackrock as we aligned the fair value marks on this asset and liability .', 'the fair value of the blackrock series c preferred stock is included on our consolidated balance sheet in other assets .', 'additional information regarding the valuation of the blackrock series c preferred stock is included in note 8 fair value in the notes to consolidated financial statements included in item 8 of this report .', 'pnc accounts for its remaining investment in blackrock under the equity method of accounting , with its share of blackrock 2019s earnings reduced primarily due to the exchange of blackrock common stock for blackrock series c preferred stock .', 'the series c preferred stock is not taken into consideration in determining pnc 2019s share of blackrock earnings under the equity method .', 'pnc 2019s percentage ownership of blackrock common stock increased as a result of the substantial exchange of merrill lynch 2019s blackrock common stock for blackrock preferred stock .', 'as a result of the blackrock preferred stock held by merrill lynch and the new blackrock preferred stock issued to merrill lynch and pnc under the exchange agreements , pnc 2019s share of blackrock common stock is higher than its overall share of blackrock 2019s equity and earnings .', 'the transactions related to the exchange agreements do not affect our right to receive dividends declared by blackrock. .'] | ----------------------------------------
Row 1: , 2009, 2008
Row 2: business segment earnings ( in millions ) ( a ), $ 207, $ 207
Row 3: pnc 2019s share of blackrock earnings ( b ), 23% ( 23 % ), 33% ( 33 % )
Row 4: carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ), $ 5.8, $ 4.2
---------------------------------------- | add(5.8, 4.2) | 10.0 |
what was the net change in cash in 2016 in millions | Background: ['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 ) : .']
######
Data Table:
----------------------------------------
Row 1: , 2016, 2015, 2014
Row 2: net cash provided by operating activities, $ 1847.8, $ 1679.7, $ 1529.8
Row 3: net cash used in investing activities, -961.2 ( 961.2 ), -1482.8 ( 1482.8 ), -959.8 ( 959.8 )
Row 4: net cash used in financing activities, -851.2 ( 851.2 ), -239.7 ( 239.7 ), -708.1 ( 708.1 )
----------------------------------------
######
Follow-up: ['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. .'] | 35.4 | RSG/2016/page_69.pdf-1 | ['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 ) : .'] | ['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. .'] | ----------------------------------------
Row 1: , 2016, 2015, 2014
Row 2: net cash provided by operating activities, $ 1847.8, $ 1679.7, $ 1529.8
Row 3: net cash used in investing activities, -961.2 ( 961.2 ), -1482.8 ( 1482.8 ), -959.8 ( 959.8 )
Row 4: net cash used in financing activities, -851.2 ( 851.2 ), -239.7 ( 239.7 ), -708.1 ( 708.1 )
---------------------------------------- | add(1847.8, -961.2), add(-851.2, #0) | 35.4 |
what is the amount of cash raised from the issuance of shares during 2016 , in millions? | Pre-text: ['o 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively .', 'the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years .', 'employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value .', 'participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan .', 'the stock purchase plan authorizes up to 2600000 shares to be granted .', 'during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share .', 'during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share .', 'during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share .', 'sfas no .', '123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees .', 'during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 .', 'at december 31 , 2006 , approximately 400000 shares were reserved for future issuance .', 'other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service .', 'the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed .', 'the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors .', 'the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock .', 'a total of 4200000 shares of common stock have been authorized for issuance under this plan .', 'during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 .', 'during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 .', 'during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 .', 'the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 .', 'the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 .', 'the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 .', 'the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 .', 'a portion of these shares related to profit sharing contributions accrued in prior periods .', 'at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan .', 'the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred .', 'shares are forfeited when an employee ceases employment .', 'a total of 800000 shares of common stock have been authorized for issuance under this plan .', 'shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period .', 'the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 .', 'the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 .', 'the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 .', 'the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively .', 'the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 .', 'the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 .', 'the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 .', 'the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 .', 'compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period .', 'changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value .']
Table:
, shares, weighted-average grant date fair value
non-vested at december 31 2005, 15052, $ 22.68
granted during the period, 18698, 33.12
vested during the period, -15685 ( 15685 ), 26.49
forfeited during the period, -1774 ( 1774 ), 27.94
non-vested at december 31 2006, 16291, $ 30.80
Post-table: ['at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan .', 'n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .'] | 4.52277 | ORLY/2006/page_40.pdf-4 | ['o 2019 r e i l l y a u t o m o t i v e 2 0 0 6 a n n u a l r e p o r t p a g e 38 $ 11080000 , in the years ended december 31 , 2006 , 2005 and 2004 , respectively .', 'the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 , was $ 7702000 and the weighted-average period of time over which this cost will be recognized is 3.3 years .', 'employee stock purchase plan the company 2019s employee stock purchase plan permits all eligible employees to purchase shares of the company 2019s common stock at 85% ( 85 % ) of the fair market value .', 'participants may authorize the company to withhold up to 5% ( 5 % ) of their annual salary to participate in the plan .', 'the stock purchase plan authorizes up to 2600000 shares to be granted .', 'during the year ended december 31 , 2006 , the company issued 165306 shares under the purchase plan at a weighted average price of $ 27.36 per share .', 'during the year ended december 31 , 2005 , the company issued 161903 shares under the purchase plan at a weighted average price of $ 27.57 per share .', 'during the year ended december 31 , 2004 , the company issued 187754 shares under the purchase plan at a weighted average price of $ 20.85 per share .', 'sfas no .', '123r requires compensation expense to be recognized based on the discount between the grant date fair value and the employee purchase price for shares sold to employees .', 'during the year ended december 31 , 2006 , the company recorded $ 799000 of compensation cost related to employee share purchases and a corresponding income tax benefit of $ 295000 .', 'at december 31 , 2006 , approximately 400000 shares were reserved for future issuance .', 'other employee benefit plans the company sponsors a contributory profit sharing and savings plan that covers substantially all employees who are at least 21 years of age and have at least six months of service .', 'the company has agreed to make matching contributions equal to 50% ( 50 % ) of the first 2% ( 2 % ) of each employee 2019s wages that are contributed and 25% ( 25 % ) of the next 4% ( 4 % ) of each employee 2019s wages that are contributed .', 'the company also makes additional discretionary profit sharing contributions to the plan on an annual basis as determined by the board of directors .', 'the company 2019s matching and profit sharing contributions under this plan are funded in the form of shares of the company 2019s common stock .', 'a total of 4200000 shares of common stock have been authorized for issuance under this plan .', 'during the year ended december 31 , 2006 , the company recorded $ 6429000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2372000 .', 'during the year ended december 31 , 2005 , the company recorded $ 6606000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 2444000 .', 'during the year ended december 31 , 2004 , the company recorded $ 5278000 of compensation cost for contributions to this plan and a corresponding income tax benefit of $ 1969000 .', 'the compensation cost recorded in 2006 includes matching contributions made in 2006 and profit sharing contributions accrued in 2006 to be funded with issuance of shares of common stock in 2007 .', 'the company issued 204000 shares in 2006 to fund profit sharing and matching contributions at an average grant date fair value of $ 34.34 .', 'the company issued 210461 shares in 2005 to fund profit sharing and matching contributions at an average grant date fair value of $ 25.79 .', 'the company issued 238828 shares in 2004 to fund profit sharing and matching contributions at an average grant date fair value of $ 19.36 .', 'a portion of these shares related to profit sharing contributions accrued in prior periods .', 'at december 31 , 2006 , approximately 1061000 shares were reserved for future issuance under this plan .', 'the company has in effect a performance incentive plan for the company 2019s senior management under which the company awards shares of restricted stock that vest equally over a three-year period and are held in escrow until such vesting has occurred .', 'shares are forfeited when an employee ceases employment .', 'a total of 800000 shares of common stock have been authorized for issuance under this plan .', 'shares awarded under this plan are valued based on the market price of the company 2019s common stock on the date of grant and compensation cost is recorded over the vesting period .', 'the company recorded $ 416000 of compensation cost for this plan for the year ended december 31 , 2006 and recognized a corresponding income tax benefit of $ 154000 .', 'the company recorded $ 289000 of compensation cost for this plan for the year ended december 31 , 2005 and recognized a corresponding income tax benefit of $ 107000 .', 'the company recorded $ 248000 of compensation cost for this plan for the year ended december 31 , 2004 and recognized a corresponding income tax benefit of $ 93000 .', 'the total fair value of shares vested ( at vest date ) for the years ended december 31 , 2006 , 2005 and 2004 were $ 503000 , $ 524000 and $ 335000 , respectively .', 'the remaining unrecognized compensation cost related to unvested awards at december 31 , 2006 was $ 536000 .', 'the company awarded 18698 shares under this plan in 2006 with an average grant date fair value of $ 33.12 .', 'the company awarded 14986 shares under this plan in 2005 with an average grant date fair value of $ 25.41 .', 'the company awarded 15834 shares under this plan in 2004 with an average grant date fair value of $ 19.05 .', 'compensation cost for shares awarded in 2006 will be recognized over the three-year vesting period .', 'changes in the company 2019s restricted stock for the year ended december 31 , 2006 were as follows : weighted- average grant date shares fair value .'] | ['at december 31 , 2006 , approximately 659000 shares were reserved for future issuance under this plan .', 'n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( cont inued ) .'] | , shares, weighted-average grant date fair value
non-vested at december 31 2005, 15052, $ 22.68
granted during the period, 18698, 33.12
vested during the period, -15685 ( 15685 ), 26.49
forfeited during the period, -1774 ( 1774 ), 27.94
non-vested at december 31 2006, 16291, $ 30.80 | multiply(165306, 27.36), divide(#0, const_1000000) | 4.52277 |
for unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) , what was the total balance in accumulated other comprehensive loss for the two years combined? | Background: ['the table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss .']
Tabular Data:
****************************************
contract type balance in accumulated other comprehensive loss 2009 balance in accumulated other comprehensive loss 2008
interest rate swaps $ 13053 $ 18874
****************************************
Post-table: ['note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments .', 'the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) .', 'the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date .', 'active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .', '2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .', 'level 2 includes those financial instruments that are valued using models or other valuation methodologies .', 'these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures .', 'substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace .', '2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources .', 'these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant .', 'the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) .', 'changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings .', 'assets and liabilities measured at fair value are based on one or more of three valuation techniques .', 'the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) .'] | 31927.0 | ORLY/2009/page_77.pdf-2 | ['the table below represents unrealized losses related to derivative amounts included in 201caccumulated other comprehensive loss 201d for the years ended december 31 , ( in thousands ) : balance in accumulated other comprehensive loss .'] | ['note 9 2013 fair value measurements the company uses the fair value hierarchy , which prioritizes the inputs used to measure the fair value of certain of its financial instruments .', 'the hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities ( level 1 measurement ) and the lowest priority to unobservable inputs ( level 3 measurement ) .', 'the three levels of the fair value hierarchy are set forth below : 2022 level 1 2013 quoted prices are available in active markets for identical assets or liabilities as of the reporting date .', 'active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .', '2022 level 2 2013 pricing inputs are other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .', 'level 2 includes those financial instruments that are valued using models or other valuation methodologies .', 'these models are primarily industry-standard models that consider various assumptions , including time value , volatility factors , and current market and contractual prices for the underlying instruments , as well as other relevant economic measures .', 'substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument , can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace .', '2022 level 3 2013 pricing inputs include significant inputs that are generally less observable from objective sources .', 'these inputs may be used with internally developed methodologies that result in management 2019s best estimate of fair value from the perspective of a market participant .', 'the fair value of the interest rate swap transactions are based on the discounted net present value of the swap using third party quotes ( level 2 ) .', 'changes in fair market value are recorded in other comprehensive income ( loss ) , and changes resulting from ineffectiveness are recorded in current earnings .', 'assets and liabilities measured at fair value are based on one or more of three valuation techniques .', 'the three valuation techniques are identified in the table below and are as follows : a ) market approach 2013 prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities b ) cost approach 2013 amount that would be required to replace the service capacity of an asset ( replacement cost ) c ) income approach 2013 techniques to convert future amounts to a single present amount based on market expectations ( including present value techniques , option-pricing and excess earnings models ) .'] | ****************************************
contract type balance in accumulated other comprehensive loss 2009 balance in accumulated other comprehensive loss 2008
interest rate swaps $ 13053 $ 18874
**************************************** | table_sum(interest rate swaps, none) | 31927.0 |
what is the total amount of cash used for the repurchase of shares during november? | Context: ['transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .', 'repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2013 to december 31 , 2013 .', '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 .']
----
Tabular Data:
****************************************
, total number ofshares ( or units ) purchased1, average price paidper share ( or unit ) 2, total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3, maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3
october 1 - 31, 3351759, $ 16.63, 3350692, $ 263702132
november 1 - 30, 5202219, $ 17.00, 5202219, $ 175284073
december 1 - 31, 3323728, $ 17.07, 3323728, $ 118560581
total, 11877706, $ 16.91, 11876639,
****************************************
----
Additional Information: ['1 includes 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 1067 withheld shares in october 2013 .', 'no withheld shares were purchased in november or december of 2013 .', '2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 6 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .', '3 in february 2013 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2013 share repurchase program 201d ) .', 'in march 2013 , the board authorized an increase in the amount available under our 2013 share repurchase program up to $ 500.0 million , excluding fees , of our common stock .', 'on february 14 , 2014 , 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 available for repurchase under the 2013 share repurchase program .', 'there is no expiration date associated with the share repurchase programs. .'] | 88437723.0 | IPG/2013/page_22.pdf-1 | ['transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .', 'repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2013 to december 31 , 2013 .', '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 .'] | ['1 includes 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 1067 withheld shares in october 2013 .', 'no withheld shares were purchased in november or december of 2013 .', '2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 6 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .', '3 in february 2013 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2013 share repurchase program 201d ) .', 'in march 2013 , the board authorized an increase in the amount available under our 2013 share repurchase program up to $ 500.0 million , excluding fees , of our common stock .', 'on february 14 , 2014 , 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 available for repurchase under the 2013 share repurchase program .', 'there is no expiration date associated with the share repurchase programs. .'] | ****************************************
, total number ofshares ( or units ) purchased1, average price paidper share ( or unit ) 2, total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3, maximum number ( or approximate dollar value ) of shares ( or units ) that mayyet be purchased under theplans or programs3
october 1 - 31, 3351759, $ 16.63, 3350692, $ 263702132
november 1 - 30, 5202219, $ 17.00, 5202219, $ 175284073
december 1 - 31, 3323728, $ 17.07, 3323728, $ 118560581
total, 11877706, $ 16.91, 11876639,
**************************************** | multiply(5202219, 17.00) | 88437723.0 |
what is the percentage difference in the number of shares to be issued if the stock price closes at $ 16 compared to if it closes at $ 20? | Background: ['all highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents .', 'securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments .', 'the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 .', 'interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates .', 'interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio .', 'as of december 29 , 2012 , we had no outstanding balance on the credit facility .', 'see note 3 in the notes to consolidated financial statements for an additional description of our credit facility .', 'equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes .', 'in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock .', 'the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock .', 'the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock .', 'upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time .', 'the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) .']
Tabular Data:
----------------------------------------
, shares ( in millions )
$ 11.00, 0.9
$ 12.00, 4.7
$ 13.00, 7.9
$ 14.00, 10.7
$ 15.00, 13.0
$ 16.00, 15.1
$ 17.00, 17.0
$ 18.00, 18.6
$ 19.00, 20.1
$ 20.00, 21.4
----------------------------------------
Additional Information: ['prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 .', 'for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .'] | 0.41722 | CDNS/2012/page_58.pdf-2 | ['all highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents .', 'securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments .', 'the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 .', 'interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates .', 'interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio .', 'as of december 29 , 2012 , we had no outstanding balance on the credit facility .', 'see note 3 in the notes to consolidated financial statements for an additional description of our credit facility .', 'equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes .', 'in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock .', 'the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock .', 'the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock .', 'upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time .', 'the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) .'] | ['prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 .', 'for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .'] | ----------------------------------------
, shares ( in millions )
$ 11.00, 0.9
$ 12.00, 4.7
$ 13.00, 7.9
$ 14.00, 10.7
$ 15.00, 13.0
$ 16.00, 15.1
$ 17.00, 17.0
$ 18.00, 18.6
$ 19.00, 20.1
$ 20.00, 21.4
---------------------------------------- | subtract(21.4, 15.1), divide(#0, 15.1) | 0.41722 |
what percent of the total amount outstanding is due to notes payable due at mutually agreed-upon dates within one year of issuance or on demand? | Pre-text: ['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 .', '( 2 ) we generally order product at least four to five months in advance of sale based primarily on advanced 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 , 2009 .', '( 3 ) 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 , 2009 .', 'the total liability for uncertain tax positions was $ 273.9 million , excluding related interest and penalties , at may 31 , 2009 .', 'we are not able to reasonably estimate when or if cash payments of the long-term liability for uncertain tax positions will occur .', 'we also have the following outstanding short-term debt obligations as of may 31 , 2009 .', 'please refer to the accompanying notes to the consolidated financial statements ( note 7 2014 short-term borrowings and credit lines ) for further description and interest rates related to the short-term debt obligations listed below .', 'outstanding as of may 31 , 2009 ( in millions ) notes payable , due at mutually agreed-upon dates within one year of issuance or on demand .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 342.9 payable to sojitz america for the purchase of inventories , generally due 60 days after shipment of goods from a foreign port .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 78.5 as of may 31 , 2009 , letters of credit of $ 154.8 million were outstanding , generally for the purchase of inventory .', 'capital resources in december 2008 , we filed a shelf registration statement with the securities and exchange commission under which $ 760 million in debt securities may be issued .', 'as of may 31 , 2009 , no debt securities had been issued under this shelf registration .', 'we may issue debt securities under the shelf registration in fiscal 2010 depending on general corporate needs .', 'as of may 31 , 2009 , we had no amounts outstanding under our multi-year , $ 1 billion revolving credit facility in place with a group of banks .', 'the facility matures in december 2012 .', 'based on our current long-term senior unsecured debt ratings of a+ and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively , the interest rate charged on any outstanding borrowings would be the prevailing london interbank offer rate ( 201clibor 201d ) plus 0.15% ( 0.15 % ) .', 'the facility fee is 0.05% ( 0.05 % ) of the total commitment .', '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 credit facility , we have agreed to various covenants .', 'these covenants include limits on our disposal of fixed assets and the amount of debt secured by liens we may incur as well as a minimum capitalization ratio .', 'in the .']
########
Data Table:
****************************************
, outstanding as of may 31 2009 ( in millions )
notes payable due at mutually agreed-upon dates within one year of issuance or on demand, $ 342.9
payable to sojitz america for the purchase of inventories generally due 60 days after shipment of goods from a foreign port, $ 78.5
****************************************
########
Post-table: ['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 .', '( 2 ) we generally order product at least four to five months in advance of sale based primarily on advanced 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 , 2009 .', '( 3 ) 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 , 2009 .', 'the total liability for uncertain tax positions was $ 273.9 million , excluding related interest and penalties , at may 31 , 2009 .', 'we are not able to reasonably estimate when or if cash payments of the long-term liability for uncertain tax positions will occur .', 'we also have the following outstanding short-term debt obligations as of may 31 , 2009 .', 'please refer to the accompanying notes to the consolidated financial statements ( note 7 2014 short-term borrowings and credit lines ) for further description and interest rates related to the short-term debt obligations listed below .', 'outstanding as of may 31 , 2009 ( in millions ) notes payable , due at mutually agreed-upon dates within one year of issuance or on demand .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 342.9 payable to sojitz america for the purchase of inventories , generally due 60 days after shipment of goods from a foreign port .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 78.5 as of may 31 , 2009 , letters of credit of $ 154.8 million were outstanding , generally for the purchase of inventory .', 'capital resources in december 2008 , we filed a shelf registration statement with the securities and exchange commission under which $ 760 million in debt securities may be issued .', 'as of may 31 , 2009 , no debt securities had been issued under this shelf registration .', 'we may issue debt securities under the shelf registration in fiscal 2010 depending on general corporate needs .', 'as of may 31 , 2009 , we had no amounts outstanding under our multi-year , $ 1 billion revolving credit facility in place with a group of banks .', 'the facility matures in december 2012 .', 'based on our current long-term senior unsecured debt ratings of a+ and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively , the interest rate charged on any outstanding borrowings would be the prevailing london interbank offer rate ( 201clibor 201d ) plus 0.15% ( 0.15 % ) .', 'the facility fee is 0.05% ( 0.05 % ) of the total commitment .', '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 credit facility , we have agreed to various covenants .', 'these covenants include limits on our disposal of fixed assets and the amount of debt secured by liens we may incur as well as a minimum capitalization ratio .', 'in the .'] | 0.81372 | NKE/2009/page_43.pdf-2 | ['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 .', '( 2 ) we generally order product at least four to five months in advance of sale based primarily on advanced 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 , 2009 .', '( 3 ) 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 , 2009 .', 'the total liability for uncertain tax positions was $ 273.9 million , excluding related interest and penalties , at may 31 , 2009 .', 'we are not able to reasonably estimate when or if cash payments of the long-term liability for uncertain tax positions will occur .', 'we also have the following outstanding short-term debt obligations as of may 31 , 2009 .', 'please refer to the accompanying notes to the consolidated financial statements ( note 7 2014 short-term borrowings and credit lines ) for further description and interest rates related to the short-term debt obligations listed below .', 'outstanding as of may 31 , 2009 ( in millions ) notes payable , due at mutually agreed-upon dates within one year of issuance or on demand .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 342.9 payable to sojitz america for the purchase of inventories , generally due 60 days after shipment of goods from a foreign port .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 78.5 as of may 31 , 2009 , letters of credit of $ 154.8 million were outstanding , generally for the purchase of inventory .', 'capital resources in december 2008 , we filed a shelf registration statement with the securities and exchange commission under which $ 760 million in debt securities may be issued .', 'as of may 31 , 2009 , no debt securities had been issued under this shelf registration .', 'we may issue debt securities under the shelf registration in fiscal 2010 depending on general corporate needs .', 'as of may 31 , 2009 , we had no amounts outstanding under our multi-year , $ 1 billion revolving credit facility in place with a group of banks .', 'the facility matures in december 2012 .', 'based on our current long-term senior unsecured debt ratings of a+ and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively , the interest rate charged on any outstanding borrowings would be the prevailing london interbank offer rate ( 201clibor 201d ) plus 0.15% ( 0.15 % ) .', 'the facility fee is 0.05% ( 0.05 % ) of the total commitment .', '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 credit facility , we have agreed to various covenants .', 'these covenants include limits on our disposal of fixed assets and the amount of debt secured by liens we may incur as well as a minimum capitalization ratio .', 'in the .'] | ['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 .', '( 2 ) we generally order product at least four to five months in advance of sale based primarily on advanced 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 , 2009 .', '( 3 ) 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 , 2009 .', 'the total liability for uncertain tax positions was $ 273.9 million , excluding related interest and penalties , at may 31 , 2009 .', 'we are not able to reasonably estimate when or if cash payments of the long-term liability for uncertain tax positions will occur .', 'we also have the following outstanding short-term debt obligations as of may 31 , 2009 .', 'please refer to the accompanying notes to the consolidated financial statements ( note 7 2014 short-term borrowings and credit lines ) for further description and interest rates related to the short-term debt obligations listed below .', 'outstanding as of may 31 , 2009 ( in millions ) notes payable , due at mutually agreed-upon dates within one year of issuance or on demand .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 342.9 payable to sojitz america for the purchase of inventories , generally due 60 days after shipment of goods from a foreign port .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '$ 78.5 as of may 31 , 2009 , letters of credit of $ 154.8 million were outstanding , generally for the purchase of inventory .', 'capital resources in december 2008 , we filed a shelf registration statement with the securities and exchange commission under which $ 760 million in debt securities may be issued .', 'as of may 31 , 2009 , no debt securities had been issued under this shelf registration .', 'we may issue debt securities under the shelf registration in fiscal 2010 depending on general corporate needs .', 'as of may 31 , 2009 , we had no amounts outstanding under our multi-year , $ 1 billion revolving credit facility in place with a group of banks .', 'the facility matures in december 2012 .', 'based on our current long-term senior unsecured debt ratings of a+ and a1 from standard and poor 2019s corporation and moody 2019s investor services , respectively , the interest rate charged on any outstanding borrowings would be the prevailing london interbank offer rate ( 201clibor 201d ) plus 0.15% ( 0.15 % ) .', 'the facility fee is 0.05% ( 0.05 % ) of the total commitment .', '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 credit facility , we have agreed to various covenants .', 'these covenants include limits on our disposal of fixed assets and the amount of debt secured by liens we may incur as well as a minimum capitalization ratio .', 'in the .'] | ****************************************
, outstanding as of may 31 2009 ( in millions )
notes payable due at mutually agreed-upon dates within one year of issuance or on demand, $ 342.9
payable to sojitz america for the purchase of inventories generally due 60 days after shipment of goods from a foreign port, $ 78.5
**************************************** | add(342.9, 78.5), divide(342.9, #0) | 0.81372 |
what is the interest expense of the loan for the first quarter? | Context: ['notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership .', 'in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom .', 'on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition .', 'we funded the remaining purchase price with excess cash and our existing credit facilities .', 'the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position .', 'as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) .', 'the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 .', 'the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) .', 'hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter .', 'by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units .', 'additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value .', 'while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 .', 'the purpose of this acquisition was to establish a presence in the united kingdom .', 'the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom .', 'the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples .', 'the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs .', 'the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition .', 'the following table summarizes the preliminary purchase price allocation: .']
########
Data Table:
========================================
| total
----------|----------
goodwill | $ 294741
customer-related intangible assets | 116920
contract-based intangible assets | 13437
trademark | 2204
property and equipment | 26955
other current assets | 100
total assets acquired | 454357
minority interest in equity of subsidiary ( at historical cost ) | -13257 ( 13257 )
net assets acquired | $ 441100
========================================
########
Follow-up: ['due to the recent timing of the transaction , the allocation of the purchase price is preliminary .', 'all of the goodwill associated with the acquisition is expected to be deductible for tax purposes .', 'the customer-related intangible assets have amortization periods of up to 13 years .', 'the contract-based intangible assets have amortization periods of 7 years .', 'the trademark has an amortization period of 5 years. .'] | 1.8025 | GPN/2008/page_99.pdf-1 | ['notes to consolidated financial statements 2014 ( continued ) merchant acquiring business in the united kingdom to the partnership .', 'in addition , hsbc uk entered into a ten-year marketing alliance with the partnership in which hsbc uk will refer customers to the partnership for payment processing services in the united kingdom .', 'on june 23 , 2008 , we entered into a new five year , $ 200 million term loan to fund a portion of the acquisition .', 'we funded the remaining purchase price with excess cash and our existing credit facilities .', 'the term loan bears interest , at our election , at the prime rate or london interbank offered rate plus a margin based on our leverage position .', 'as of july 1 , 2008 , the interest rate on the term loan was 3.605% ( 3.605 % ) .', 'the term loan calls for quarterly principal payments of $ 5 million beginning with the quarter ending august 31 , 2008 and increasing to $ 10 million beginning with the quarter ending august 31 , 2010 and $ 15 million beginning with the quarter ending august 31 , 2011 .', 'the partnership agreement includes provisions pursuant to which hsbc uk may compel us to purchase , at fair value , additional membership units from hsbc uk ( the 201cput option 201d ) .', 'hsbc uk may exercise the put option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter .', 'by exercising the put option , hsbc uk can require us to purchase , on an annual basis , up to 15% ( 15 % ) of the total membership units .', 'additionally , on the tenth anniversary of closing and each tenth anniversary thereafter , hsbc uk may compel us to purchase all of their membership units at fair value .', 'while not redeemable until june 2013 , we estimate the maximum total redemption amount of the minority interest under the put option would be $ 421.4 million , as of may 31 , 2008 .', 'the purpose of this acquisition was to establish a presence in the united kingdom .', 'the key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and hsbc uk 2019s market share and retail presence in the united kingdom .', 'the purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples .', 'the purchase price totaled $ 441.1 million , consisting of $ 438.6 million cash consideration plus $ 2.5 million of direct out of pocket costs .', 'the acquisition has been recorded using the purchase method of accounting , and , accordingly , the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition .', 'the following table summarizes the preliminary purchase price allocation: .'] | ['due to the recent timing of the transaction , the allocation of the purchase price is preliminary .', 'all of the goodwill associated with the acquisition is expected to be deductible for tax purposes .', 'the customer-related intangible assets have amortization periods of up to 13 years .', 'the contract-based intangible assets have amortization periods of 7 years .', 'the trademark has an amortization period of 5 years. .'] | ========================================
| total
----------|----------
goodwill | $ 294741
customer-related intangible assets | 116920
contract-based intangible assets | 13437
trademark | 2204
property and equipment | 26955
other current assets | 100
total assets acquired | 454357
minority interest in equity of subsidiary ( at historical cost ) | -13257 ( 13257 )
net assets acquired | $ 441100
======================================== | multiply(200, 3.605%), divide(#0, const_4) | 1.8025 |
in 2012 what was the percent of the notional amounts of the company 2019s derivative instruments for interest rate contracts | Pre-text: ['note 12 derivative instruments and fair value measurements the company is exposed to certain market risks such as changes in interest rates , foreign currency exchange rates , and commodity prices , which exist as a part of its ongoing business operations .', 'management uses derivative financial and commodity instruments , including futures , options , and swaps , where appropriate , to manage these risks .', 'instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract .', 'the company designates derivatives as cash flow hedges , fair value hedges , net investment hedges , and uses other contracts to reduce volatility in interest rates , foreign currency and commodities .', 'as a matter of policy , the company does not engage in trading or speculative hedging transactions .', 'total notional amounts of the company 2019s derivative instruments as of december 29 , 2012 and december 31 , 2011 were as follows: .']
--------
Data Table:
========================================
( millions ), 2012, 2011
foreign currency exchange contracts, $ 570, $ 1265
interest rate contracts, 2150, 600
commodity contracts, 136, 175
total, $ 2856, $ 2040
========================================
--------
Post-table: ['following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the company that were included in each category at december 29 , 2012 and december 31 , 2011 , measured on a recurring basis .', 'level 1 2014 financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market .', 'for the company , level 1 financial assets and liabilities consist primarily of commodity derivative contracts .', 'level 2 2014 financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability .', 'for the company , level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts .', 'the company 2019s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve .', 'over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount .', 'foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount .', 'the company 2019s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance , including counterparty credit risk .', 'level 3 2014 financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement .', 'these inputs reflect management 2019s own assumptions about the assumptions a market participant would use in pricing the asset or liability .', 'the company did not have any level 3 financial assets or liabilities as of december 29 , 2012 or december 31 , 2011 .', 'the following table presents assets and liabilities that were measured at fair value in the consolidated balance sheet on a recurring basis as of december 29 , 2012 and december 31 , 2011 : derivatives designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : foreign currency exchange contracts : other current assets $ 2014 $ 4 $ 4 $ 2014 $ 11 $ 11 interest rate contracts ( a ) : other assets 2014 64 64 2014 23 23 commodity contracts : other current assets 2014 2014 2014 2 2014 2 total assets $ 2014 $ 68 $ 68 $ 2 $ 34 $ 36 liabilities : foreign currency exchange contracts : other current liabilities $ 2014 $ ( 3 ) $ ( 3 ) $ 2014 $ ( 18 ) $ ( 18 ) commodity contracts : other current liabilities 2014 ( 11 ) ( 11 ) ( 4 ) ( 12 ) ( 16 ) other liabilities 2014 ( 27 ) ( 27 ) 2014 ( 34 ) ( 34 ) total liabilities $ 2014 $ ( 41 ) $ ( 41 ) $ ( 4 ) $ ( 64 ) $ ( 68 ) ( a ) the fair value of the related hedged portion of the company 2019s long-term debt , a level 2 liability , was $ 2.3 billion as of december 29 , 2012 and $ 626 million as of december 31 , derivatives not designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : commodity contracts : other current assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 total assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 liabilities : commodity contracts : other current liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 total liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 .'] | 0.7528 | K/2012/page_80.pdf-3 | ['note 12 derivative instruments and fair value measurements the company is exposed to certain market risks such as changes in interest rates , foreign currency exchange rates , and commodity prices , which exist as a part of its ongoing business operations .', 'management uses derivative financial and commodity instruments , including futures , options , and swaps , where appropriate , to manage these risks .', 'instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged and must be designated as a hedge at the inception of the contract .', 'the company designates derivatives as cash flow hedges , fair value hedges , net investment hedges , and uses other contracts to reduce volatility in interest rates , foreign currency and commodities .', 'as a matter of policy , the company does not engage in trading or speculative hedging transactions .', 'total notional amounts of the company 2019s derivative instruments as of december 29 , 2012 and december 31 , 2011 were as follows: .'] | ['following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the company that were included in each category at december 29 , 2012 and december 31 , 2011 , measured on a recurring basis .', 'level 1 2014 financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market .', 'for the company , level 1 financial assets and liabilities consist primarily of commodity derivative contracts .', 'level 2 2014 financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability .', 'for the company , level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts .', 'the company 2019s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve .', 'over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount .', 'foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount .', 'the company 2019s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance , including counterparty credit risk .', 'level 3 2014 financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement .', 'these inputs reflect management 2019s own assumptions about the assumptions a market participant would use in pricing the asset or liability .', 'the company did not have any level 3 financial assets or liabilities as of december 29 , 2012 or december 31 , 2011 .', 'the following table presents assets and liabilities that were measured at fair value in the consolidated balance sheet on a recurring basis as of december 29 , 2012 and december 31 , 2011 : derivatives designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : foreign currency exchange contracts : other current assets $ 2014 $ 4 $ 4 $ 2014 $ 11 $ 11 interest rate contracts ( a ) : other assets 2014 64 64 2014 23 23 commodity contracts : other current assets 2014 2014 2014 2 2014 2 total assets $ 2014 $ 68 $ 68 $ 2 $ 34 $ 36 liabilities : foreign currency exchange contracts : other current liabilities $ 2014 $ ( 3 ) $ ( 3 ) $ 2014 $ ( 18 ) $ ( 18 ) commodity contracts : other current liabilities 2014 ( 11 ) ( 11 ) ( 4 ) ( 12 ) ( 16 ) other liabilities 2014 ( 27 ) ( 27 ) 2014 ( 34 ) ( 34 ) total liabilities $ 2014 $ ( 41 ) $ ( 41 ) $ ( 4 ) $ ( 64 ) $ ( 68 ) ( a ) the fair value of the related hedged portion of the company 2019s long-term debt , a level 2 liability , was $ 2.3 billion as of december 29 , 2012 and $ 626 million as of december 31 , derivatives not designated as hedging instruments : 2012 2011 ( millions ) level 1 level 2 total level 1 level 2 total assets : commodity contracts : other current assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 total assets $ 5 $ 2014 $ 5 $ 2014 $ 2014 $ 2014 liabilities : commodity contracts : other current liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 total liabilities $ ( 3 ) $ 2014 $ ( 3 ) $ 2014 $ 2014 $ 2014 .'] | ========================================
( millions ), 2012, 2011
foreign currency exchange contracts, $ 570, $ 1265
interest rate contracts, 2150, 600
commodity contracts, 136, 175
total, $ 2856, $ 2040
======================================== | divide(2150, 2856) | 0.7528 |
as of september 30 ,2014 what was the percent of the total average common and common equivalent shares outstanding 2014 assuming dilution that was dilute share equivalents from share-based plans | Pre-text: ['notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold .', "additional details regarding the company's cash flow hedges are provided in note 13 .", 'on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( "asr" ) agreement .', "subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury .", 'note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .']
######
Table:
• , 2016, 2015, 2014
• average common shares outstanding, 212702, 202537, 193299
• dilutive share equivalents from share-based plans, 4834, 4972, 4410
• average common and common equivalent shares outstanding 2014 assuming dilution, 217536, 207509, 197709
######
Additional Information: ['average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration .', 'additional disclosures regarding this acquisition are provided in note 9 .', 'options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation .', 'for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .'] | 0.02231 | BDX/2016/page_62.pdf-1 | ['notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold .', "additional details regarding the company's cash flow hedges are provided in note 13 .", 'on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( "asr" ) agreement .', "subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury .", 'note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .'] | ['average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration .', 'additional disclosures regarding this acquisition are provided in note 9 .', 'options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation .', 'for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .'] | • , 2016, 2015, 2014
• average common shares outstanding, 212702, 202537, 193299
• dilutive share equivalents from share-based plans, 4834, 4972, 4410
• average common and common equivalent shares outstanding 2014 assuming dilution, 217536, 207509, 197709 | divide(4410, 197709) | 0.02231 |
what percentage of contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 is short term for the year 2014? | Pre-text: ['through current cash balances and cash from oper- ations .', 'additionally , the company has existing credit facilities totaling $ 2.5 billion .', 'the company was in compliance with all its debt covenants at december 31 , 2012 .', 'the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) .', 'net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges .', 'the calcu- lation also excludes accumulated other compre- hensive income/loss and nonrecourse financial liabilities of special purpose entities .', 'the total debt- to-capital ratio is defined as total debt divided by the sum of total debt plus net worth .', 'at december 31 , 2012 , international paper 2019s net worth was $ 13.9 bil- lion , and the total-debt-to-capital ratio was 42% ( 42 % ) .', 'the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows .', 'funding decisions will be guided by our capi- tal structure planning objectives .', 'the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense .', 'the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors .', 'maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy .', 'at december 31 , 2012 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively .', 'contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 , were as follows: .']
--------
Tabular Data:
----------------------------------------
Row 1: in millions, 2013, 2014, 2015, 2016, 2017, thereafter
Row 2: maturities of long-term debt ( a ), $ 444, $ 708, $ 479, $ 571, $ 216, $ 7722
Row 3: debt obligations with right of offset ( b ), 2014, 2014, 2014, 5173, 2014, 2014
Row 4: lease obligations, 198, 136, 106, 70, 50, 141
Row 5: purchase obligations ( c ), 3213, 828, 722, 620, 808, 2654
Row 6: total ( d ), $ 3855, $ 1672, $ 1307, $ 6434, $ 1074, $ 10517
----------------------------------------
--------
Post-table: ['( a ) total debt includes scheduled principal payments only .', '( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities .', 'accordingly , in its con- solidated balance sheet at december 31 , 2012 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 11 variable interest entities and preferred securities of subsidiaries on pages 69 through 72 in item 8 .', 'financial statements and supplementary data ) .', '( c ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forest- land sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .', '( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax bene- fits of approximately $ 620 million .', 'we consider the undistributed earnings of our for- eign subsidiaries as of december 31 , 2012 , to be indefinitely reinvested and , accordingly , no u.s .', 'income taxes have been provided thereon .', 'as of december 31 , 2012 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 840 million .', 'we do not anticipate the need to repatriate funds to the united states to sat- isfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs asso- ciated with our domestic debt service requirements .', 'pension obligations and funding at december 31 , 2012 , the projected benefit obliga- tion for the company 2019s u.s .', 'defined benefit plans determined under u.s .', 'gaap was approximately $ 4.1 billion higher than the fair value of plan assets .', 'approximately $ 3.7 billion of this amount relates to plans that are subject to minimum funding require- ments .', 'under current irs funding rules , the calcu- lation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes .', 'in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s .', 'congress which provided for pension funding relief and technical corrections .', 'funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demo- graphic data and the targeted funding level .', 'the company continually reassesses the amount and timing of any discretionary contributions and elected to make voluntary contributions totaling $ 44 million and $ 300 million for the years ended december 31 , 2012 and 2011 , respectively .', 'at this time , we expect that required contributions to its plans in 2013 will be approximately $ 31 million , although the company may elect to make future voluntary contributions .', 'the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates .', 'ilim holding s.a .', 'shareholder 2019s agreement in october 2007 , in connection with the for- mation of the ilim holding s.a .', 'joint venture , international paper entered into a share- holder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners .', 'this agreement provides that at .'] | 0.57656 | IP/2012/page_64.pdf-2 | ['through current cash balances and cash from oper- ations .', 'additionally , the company has existing credit facilities totaling $ 2.5 billion .', 'the company was in compliance with all its debt covenants at december 31 , 2012 .', 'the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) .', 'net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges .', 'the calcu- lation also excludes accumulated other compre- hensive income/loss and nonrecourse financial liabilities of special purpose entities .', 'the total debt- to-capital ratio is defined as total debt divided by the sum of total debt plus net worth .', 'at december 31 , 2012 , international paper 2019s net worth was $ 13.9 bil- lion , and the total-debt-to-capital ratio was 42% ( 42 % ) .', 'the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows .', 'funding decisions will be guided by our capi- tal structure planning objectives .', 'the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense .', 'the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors .', 'maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy .', 'at december 31 , 2012 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively .', 'contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 , were as follows: .'] | ['( a ) total debt includes scheduled principal payments only .', '( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities .', 'accordingly , in its con- solidated balance sheet at december 31 , 2012 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 11 variable interest entities and preferred securities of subsidiaries on pages 69 through 72 in item 8 .', 'financial statements and supplementary data ) .', '( c ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forest- land sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .', '( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax bene- fits of approximately $ 620 million .', 'we consider the undistributed earnings of our for- eign subsidiaries as of december 31 , 2012 , to be indefinitely reinvested and , accordingly , no u.s .', 'income taxes have been provided thereon .', 'as of december 31 , 2012 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 840 million .', 'we do not anticipate the need to repatriate funds to the united states to sat- isfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs asso- ciated with our domestic debt service requirements .', 'pension obligations and funding at december 31 , 2012 , the projected benefit obliga- tion for the company 2019s u.s .', 'defined benefit plans determined under u.s .', 'gaap was approximately $ 4.1 billion higher than the fair value of plan assets .', 'approximately $ 3.7 billion of this amount relates to plans that are subject to minimum funding require- ments .', 'under current irs funding rules , the calcu- lation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes .', 'in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s .', 'congress which provided for pension funding relief and technical corrections .', 'funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demo- graphic data and the targeted funding level .', 'the company continually reassesses the amount and timing of any discretionary contributions and elected to make voluntary contributions totaling $ 44 million and $ 300 million for the years ended december 31 , 2012 and 2011 , respectively .', 'at this time , we expect that required contributions to its plans in 2013 will be approximately $ 31 million , although the company may elect to make future voluntary contributions .', 'the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates .', 'ilim holding s.a .', 'shareholder 2019s agreement in october 2007 , in connection with the for- mation of the ilim holding s.a .', 'joint venture , international paper entered into a share- holder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners .', 'this agreement provides that at .'] | ----------------------------------------
Row 1: in millions, 2013, 2014, 2015, 2016, 2017, thereafter
Row 2: maturities of long-term debt ( a ), $ 444, $ 708, $ 479, $ 571, $ 216, $ 7722
Row 3: debt obligations with right of offset ( b ), 2014, 2014, 2014, 5173, 2014, 2014
Row 4: lease obligations, 198, 136, 106, 70, 50, 141
Row 5: purchase obligations ( c ), 3213, 828, 722, 620, 808, 2654
Row 6: total ( d ), $ 3855, $ 1672, $ 1307, $ 6434, $ 1074, $ 10517
---------------------------------------- | add(136, 828), divide(#0, 1672) | 0.57656 |
what percentage of total net revenues in the institutional client services segment was due to fixed income currency and commodities client execution in 2014? | Pre-text: ['the goldman sachs group , inc .', 'and subsidiaries management 2019s discussion and analysis 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. .']
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Tabular Data:
----------------------------------------
$ in millions, year ended december 2015, year ended december 2014, year ended december 2013
fixed income currency and commodities client execution, $ 7322, $ 8461, $ 8651
equities client execution1, 3028, 2079, 2594
commissions and fees, 3156, 3153, 3103
securities services, 1645, 1504, 1373
total equities, 7829, 6736, 7070
total net revenues, 15151, 15197, 15721
operating expenses, 13938, 10880, 11792
pre-tax earnings, $ 1213, $ 4317, $ 3929
----------------------------------------
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Post-table: ['1 .', 'net revenues related to the americas reinsurance business were $ 317 million for 2013 .', 'in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .', '2015 versus 2014 .', 'net revenues in institutional client services were $ 15.15 billion for 2015 , essentially unchanged compared with 2014 .', 'net revenues in fixed income , currency and commodities client execution were $ 7.32 billion for 2015 , 13% ( 13 % ) lower than 2014 .', 'excluding a gain of $ 168 million in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in fixed income , currency and commodities client execution were 12% ( 12 % ) lower than 2014 , reflecting significantly lower net revenues in mortgages , credit products and commodities .', 'the decreases in mortgages and credit products reflected challenging market-making conditions and generally low levels of activity during 2015 .', 'the decline in commodities primarily reflected less favorable market-making conditions compared with 2014 , which included a strong first quarter of 2014 .', 'these decreases were partially offset by significantly higher net revenues in interest rate products and currencies , reflecting higher volatility levels which contributed to higher client activity levels , particularly during the first quarter of 2015 .', 'net revenues in equities were $ 7.83 billion for 2015 , 16% ( 16 % ) higher than 2014 .', 'excluding a gain of $ 121 million ( $ 30 million and $ 91 million included in equities client execution and securities services , respectively ) in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in equities were 18% ( 18 % ) higher than 2014 , primarily due to significantly higher net revenues in equities client execution across the major regions , reflecting significantly higher results in both derivatives and cash products , and higher net revenues in securities services , reflecting the impact of higher average customer balances and improved securities lending spreads .', 'commissions and fees were essentially unchanged compared with 2014 .', 'the firm elects the fair value option for certain unsecured borrowings .', 'the fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $ 255 million ( $ 214 million and $ 41 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2015 , compared with a net gain of $ 144 million ( $ 108 million and $ 36 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2014 .', 'during 2015 , the operating environment for institutional client services was positively impacted by diverging central bank monetary policies in the united states and the euro area in the first quarter , as increased volatility levels contributed to strong client activity levels in currencies , interest rate products and equity products , and market- making conditions improved .', 'however , during the remainder of the year , concerns about global growth and uncertainty about the u.s .', 'federal reserve 2019s interest rate policy , along with lower global equity prices , widening high-yield credit spreads and declining commodity prices , contributed to lower levels of client activity , particularly in mortgages and credit , and more difficult market-making conditions .', 'if macroeconomic concerns continue over the long term and activity levels decline , net revenues in institutional client services would likely be negatively impacted .', 'operating expenses were $ 13.94 billion for 2015 , 28% ( 28 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , partially offset by decreased compensation and benefits expenses .', 'pre-tax earnings were $ 1.21 billion in 2015 , 72% ( 72 % ) lower than 2014 .', '62 goldman sachs 2015 form 10-k .'] | 0.55675 | GS/2015/page_74.pdf-2 | ['the goldman sachs group , inc .', 'and subsidiaries management 2019s discussion and analysis 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. .'] | ['1 .', 'net revenues related to the americas reinsurance business were $ 317 million for 2013 .', 'in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business .', '2015 versus 2014 .', 'net revenues in institutional client services were $ 15.15 billion for 2015 , essentially unchanged compared with 2014 .', 'net revenues in fixed income , currency and commodities client execution were $ 7.32 billion for 2015 , 13% ( 13 % ) lower than 2014 .', 'excluding a gain of $ 168 million in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in fixed income , currency and commodities client execution were 12% ( 12 % ) lower than 2014 , reflecting significantly lower net revenues in mortgages , credit products and commodities .', 'the decreases in mortgages and credit products reflected challenging market-making conditions and generally low levels of activity during 2015 .', 'the decline in commodities primarily reflected less favorable market-making conditions compared with 2014 , which included a strong first quarter of 2014 .', 'these decreases were partially offset by significantly higher net revenues in interest rate products and currencies , reflecting higher volatility levels which contributed to higher client activity levels , particularly during the first quarter of 2015 .', 'net revenues in equities were $ 7.83 billion for 2015 , 16% ( 16 % ) higher than 2014 .', 'excluding a gain of $ 121 million ( $ 30 million and $ 91 million included in equities client execution and securities services , respectively ) in 2014 related to the extinguishment of certain of our junior subordinated debt , net revenues in equities were 18% ( 18 % ) higher than 2014 , primarily due to significantly higher net revenues in equities client execution across the major regions , reflecting significantly higher results in both derivatives and cash products , and higher net revenues in securities services , reflecting the impact of higher average customer balances and improved securities lending spreads .', 'commissions and fees were essentially unchanged compared with 2014 .', 'the firm elects the fair value option for certain unsecured borrowings .', 'the fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $ 255 million ( $ 214 million and $ 41 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2015 , compared with a net gain of $ 144 million ( $ 108 million and $ 36 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2014 .', 'during 2015 , the operating environment for institutional client services was positively impacted by diverging central bank monetary policies in the united states and the euro area in the first quarter , as increased volatility levels contributed to strong client activity levels in currencies , interest rate products and equity products , and market- making conditions improved .', 'however , during the remainder of the year , concerns about global growth and uncertainty about the u.s .', 'federal reserve 2019s interest rate policy , along with lower global equity prices , widening high-yield credit spreads and declining commodity prices , contributed to lower levels of client activity , particularly in mortgages and credit , and more difficult market-making conditions .', 'if macroeconomic concerns continue over the long term and activity levels decline , net revenues in institutional client services would likely be negatively impacted .', 'operating expenses were $ 13.94 billion for 2015 , 28% ( 28 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , partially offset by decreased compensation and benefits expenses .', 'pre-tax earnings were $ 1.21 billion in 2015 , 72% ( 72 % ) lower than 2014 .', '62 goldman sachs 2015 form 10-k .'] | ----------------------------------------
$ in millions, year ended december 2015, year ended december 2014, year ended december 2013
fixed income currency and commodities client execution, $ 7322, $ 8461, $ 8651
equities client execution1, 3028, 2079, 2594
commissions and fees, 3156, 3153, 3103
securities services, 1645, 1504, 1373
total equities, 7829, 6736, 7070
total net revenues, 15151, 15197, 15721
operating expenses, 13938, 10880, 11792
pre-tax earnings, $ 1213, $ 4317, $ 3929
---------------------------------------- | divide(8461, 15197) | 0.55675 |
what was the total approximate number of shares international paper acquired of the outstanding common stock of temple-inland | Pre-text: ['the following table presents a rollforward of the severance and other costs for approximately 1650 employees included in the 2010 restructuring charg- in millions severance and other .']
Tabular Data:
Row 1: in millions, severance and other
Row 2: opening balance ( recorded first quarter 2010 ), $ 20
Row 3: additions and adjustments, 26
Row 4: cash charges in 2010, -32 ( 32 )
Row 5: cash charges in 2011, -8 ( 8 )
Row 6: cash charges in 2012, -4 ( 4 )
Row 7: balance december 31 2012, $ 2
Follow-up: ['as of december 31 , 2012 , 1638 employees had left the company under these programs .', 'cellulosic bio-fuel tax credit in a memorandum dated june 28 , 2010 , the irs concluded that black liquor would qualify for the cellulosic bio-fuel tax credit of $ 1.01 per gallon pro- duced in 2009 .', 'on october 15 , 2010 , the irs ruled that companies may qualify in the same year for the $ 0.50 per gallon alternative fuel mixture credit and the $ 1.01 cellulosic bio-fuel tax credit for 2009 , but not for the same gallons of fuel produced and con- sumed .', 'to the extent a taxpayer changes its position and uses the $ 1.01 credit , it must re-pay the refunds they received as alternative fuel mixture credits attributable to the gallons converted to the cellulosic bio-fuel credit .', 'the repayment of this refund must include interest .', 'one important difference between the two credits is that the $ 1.01 credit must be credited against a company 2019s federal tax liability , and the credit may be carried forward through 2015 .', 'in contrast , the $ 0.50 credit is refundable in cash .', 'also , the cellulosic bio- fuel credit is required to be included in federal tax- able income .', 'the company filed an application with the irs on november 18 , 2010 , to receive the required registra- tion code to become a registered cellulosic bio-fuel producer .', 'the company received its registration code on february 28 , 2011 .', 'the company has evaluated the optimal use of the two credits with respect to gallons produced in 2009 .', 'considerations include uncertainty around future federal taxable income , the taxability of the alter- native fuel mixture credit , future liquidity and uses of cash such as , but not limited to , acquisitions , debt repayments and voluntary pension contributions versus repayment of alternative fuel mixture credits with interest .', 'at the present time , the company does not intend to convert any gallons under the alter- native fuel mixture credit to gallons under the cellulosic bio-fuel credit .', 'on july 19 , 2011 the com- pany filed an amended 2009 tax return claiming alternative fuel mixture tax credits as non-taxable income .', 'if that amended position is not upheld , the company will re-evaluate its position with regard to alternative fuel mixture gallons produced in 2009 .', 'during 2009 , the company produced 64 million gal- lons of black liquor that were not eligible for the alternative fuel mixture credit .', 'the company claimed these gallons for the cellulosic bio-fuel credit by amending the company 2019s 2009 tax return .', 'the impact of this amendment was included in the company 2019s 2010 fourth quarter income tax provision ( benefit ) , resulting in a $ 40 million net credit to tax expense .', 'temple-inland , inc .', 'also recognized an income tax benefit of $ 83 million in 2010 related to cellulosic bio-fuel credits .', 'as is the case with other tax credits , taxpayer claims are subject to possible future review by the irs which has the authority to propose adjustments to the amounts claimed , or credits received .', 'note 5 acquisitions and joint ventures acquisitions 2013 : on january 3 , 2013 , international paper completed the acquisition ( effective date of acquis- ition on january 1 , 2013 ) of the shares of its joint venture partner , sabanci holding , in the turkish corrugated packaging company , olmuksa interna- tional paper sabanci ambalaj sanayi ve ticaret a.s .', '( olmuksa ) , for a purchase price of $ 56 million .', 'the acquired shares represent 43.7% ( 43.7 % ) of olmuksa 2019s shares , and prior to this acquisition , international paper already held a 43.7% ( 43.7 % ) equity interest in olmuk- sa .', 'thus , international paper now owns 87.4% ( 87.4 % ) of olmuksa 2019s outstanding and issued shares .', 'the company has not completed the valuation of assets acquired and liabilities assumed ; however , the company anticipates providing a preliminary pur- chase price allocation in its 2013 first quarter form 10-q filing .', 'because the transaction resulted in international paper becoming the majority shareholder , owning 87.4% ( 87.4 % ) of olmuksa 2019s shares , its completion triggered a mandatory call for tender of the remaining public shares .', 'also as a result of international paper taking majority control of the entity , olmuksa 2019s financial results will be consolidated with our industrial pack- aging segment beginning with the effective date international paper obtained majority control of the entity on january 1 , 2013 .', 'pro forma information related to the acquisition of olmuksa has not been included as it does not have a material effect on the company 2019s consolidated results of operations .', '2012 : on february 13 , 2012 , international paper com- pleted the acquisition of temple-inland , inc .', '( temple- inland ) .', 'international paper acquired all of the outstanding common stock of temple-inland for $ 32.00 per share in cash , totaling approximately $ 3.7 billion .'] | 0.11563 | IP/2012/page_84.pdf-2 | ['the following table presents a rollforward of the severance and other costs for approximately 1650 employees included in the 2010 restructuring charg- in millions severance and other .'] | ['as of december 31 , 2012 , 1638 employees had left the company under these programs .', 'cellulosic bio-fuel tax credit in a memorandum dated june 28 , 2010 , the irs concluded that black liquor would qualify for the cellulosic bio-fuel tax credit of $ 1.01 per gallon pro- duced in 2009 .', 'on october 15 , 2010 , the irs ruled that companies may qualify in the same year for the $ 0.50 per gallon alternative fuel mixture credit and the $ 1.01 cellulosic bio-fuel tax credit for 2009 , but not for the same gallons of fuel produced and con- sumed .', 'to the extent a taxpayer changes its position and uses the $ 1.01 credit , it must re-pay the refunds they received as alternative fuel mixture credits attributable to the gallons converted to the cellulosic bio-fuel credit .', 'the repayment of this refund must include interest .', 'one important difference between the two credits is that the $ 1.01 credit must be credited against a company 2019s federal tax liability , and the credit may be carried forward through 2015 .', 'in contrast , the $ 0.50 credit is refundable in cash .', 'also , the cellulosic bio- fuel credit is required to be included in federal tax- able income .', 'the company filed an application with the irs on november 18 , 2010 , to receive the required registra- tion code to become a registered cellulosic bio-fuel producer .', 'the company received its registration code on february 28 , 2011 .', 'the company has evaluated the optimal use of the two credits with respect to gallons produced in 2009 .', 'considerations include uncertainty around future federal taxable income , the taxability of the alter- native fuel mixture credit , future liquidity and uses of cash such as , but not limited to , acquisitions , debt repayments and voluntary pension contributions versus repayment of alternative fuel mixture credits with interest .', 'at the present time , the company does not intend to convert any gallons under the alter- native fuel mixture credit to gallons under the cellulosic bio-fuel credit .', 'on july 19 , 2011 the com- pany filed an amended 2009 tax return claiming alternative fuel mixture tax credits as non-taxable income .', 'if that amended position is not upheld , the company will re-evaluate its position with regard to alternative fuel mixture gallons produced in 2009 .', 'during 2009 , the company produced 64 million gal- lons of black liquor that were not eligible for the alternative fuel mixture credit .', 'the company claimed these gallons for the cellulosic bio-fuel credit by amending the company 2019s 2009 tax return .', 'the impact of this amendment was included in the company 2019s 2010 fourth quarter income tax provision ( benefit ) , resulting in a $ 40 million net credit to tax expense .', 'temple-inland , inc .', 'also recognized an income tax benefit of $ 83 million in 2010 related to cellulosic bio-fuel credits .', 'as is the case with other tax credits , taxpayer claims are subject to possible future review by the irs which has the authority to propose adjustments to the amounts claimed , or credits received .', 'note 5 acquisitions and joint ventures acquisitions 2013 : on january 3 , 2013 , international paper completed the acquisition ( effective date of acquis- ition on january 1 , 2013 ) of the shares of its joint venture partner , sabanci holding , in the turkish corrugated packaging company , olmuksa interna- tional paper sabanci ambalaj sanayi ve ticaret a.s .', '( olmuksa ) , for a purchase price of $ 56 million .', 'the acquired shares represent 43.7% ( 43.7 % ) of olmuksa 2019s shares , and prior to this acquisition , international paper already held a 43.7% ( 43.7 % ) equity interest in olmuk- sa .', 'thus , international paper now owns 87.4% ( 87.4 % ) of olmuksa 2019s outstanding and issued shares .', 'the company has not completed the valuation of assets acquired and liabilities assumed ; however , the company anticipates providing a preliminary pur- chase price allocation in its 2013 first quarter form 10-q filing .', 'because the transaction resulted in international paper becoming the majority shareholder , owning 87.4% ( 87.4 % ) of olmuksa 2019s shares , its completion triggered a mandatory call for tender of the remaining public shares .', 'also as a result of international paper taking majority control of the entity , olmuksa 2019s financial results will be consolidated with our industrial pack- aging segment beginning with the effective date international paper obtained majority control of the entity on january 1 , 2013 .', 'pro forma information related to the acquisition of olmuksa has not been included as it does not have a material effect on the company 2019s consolidated results of operations .', '2012 : on february 13 , 2012 , international paper com- pleted the acquisition of temple-inland , inc .', '( temple- inland ) .', 'international paper acquired all of the outstanding common stock of temple-inland for $ 32.00 per share in cash , totaling approximately $ 3.7 billion .'] | Row 1: in millions, severance and other
Row 2: opening balance ( recorded first quarter 2010 ), $ 20
Row 3: additions and adjustments, 26
Row 4: cash charges in 2010, -32 ( 32 )
Row 5: cash charges in 2011, -8 ( 8 )
Row 6: cash charges in 2012, -4 ( 4 )
Row 7: balance december 31 2012, $ 2 | divide(3.7, 32) | 0.11563 |
what was the change in rent expenses between 2011 and 2012? | Context: ['at december 31 , 2012 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows: .']
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Data Table:
Row 1: in millions, 2013, 2014, 2015, 2016, 2017, thereafter
Row 2: lease obligations, $ 198, $ 136, $ 106, $ 70, $ 50, $ 141
Row 3: purchase obligations ( a ), 3213, 828, 722, 620, 808, 2654
Row 4: total, $ 3411, $ 964, $ 828, $ 690, $ 858, $ 2795
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Follow-up: ['( a ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquis- ition of weyerhaeuser company 2019s containerboard , packaging and recycling business .', 'rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .', 'guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .', 'where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .', 'environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , includ- ing the comprehensive environmental response , compensation and liability act ( cercla ) .', 'many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .', 'while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .', 'remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .', 'international paper has estimated the probable liability associated with these matters to be approximately $ 92 million in the aggregate at december 31 , 2012 .', 'one of the matters referenced above is a closed wood treating facility located in cass lake , minneso- ta .', 'during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasi- bility study .', 'in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .', 'the overall remediation reserve for the site is currently $ 48 mil- lion to address this selection of an alternative for the soil remediation component of the overall site remedy .', 'in october 2011 , the epa released a public statement indicating that the final soil remedy deci- sion would be delayed .', 'in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and sig- nificantly higher than amounts currently recorded .', 'in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to per- form a natural resource damage assessment .', 'it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .', 'in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .', 'other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .', 'the company is a potentially responsible party with respect to the allied paper , inc./portage creek/ kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .', 'the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the river , including a paper mill formerly owned by st .', 'regis .', 'the company is a successor in interest to st .', 'regis .', 'international paper has not received any orders from the epa with respect to the site and is in the process of collecting information from the epa and other parties relative to the kalamazoo river superfund site to evaluate the extent of its liability , if any , with respect to the site .', 'accordingly , it is pre- mature to estimate a loss or range of loss with respect to this site .', 'also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the kalamazoo river super- fund site .', 'the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the com- plaint , and for future remediation costs .', 'the suit alleges that a mill , during the time it was allegedly owned and operated by st .', 'regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling .', 'also named as defendants in the suit are ncr corporation and weyerhaeuser company .', 'in mid-2011 , the suit was .'] | 26.0 | IP/2012/page_93.pdf-1 | ['at december 31 , 2012 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows: .'] | ['( a ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquis- ition of weyerhaeuser company 2019s containerboard , packaging and recycling business .', 'rent expense was $ 231 million , $ 205 million and $ 210 million for 2012 , 2011 and 2010 , respectively .', 'guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .', 'where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .', 'environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , includ- ing the comprehensive environmental response , compensation and liability act ( cercla ) .', 'many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .', 'while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .', 'remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .', 'international paper has estimated the probable liability associated with these matters to be approximately $ 92 million in the aggregate at december 31 , 2012 .', 'one of the matters referenced above is a closed wood treating facility located in cass lake , minneso- ta .', 'during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasi- bility study .', 'in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .', 'the overall remediation reserve for the site is currently $ 48 mil- lion to address this selection of an alternative for the soil remediation component of the overall site remedy .', 'in october 2011 , the epa released a public statement indicating that the final soil remedy deci- sion would be delayed .', 'in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and sig- nificantly higher than amounts currently recorded .', 'in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to per- form a natural resource damage assessment .', 'it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .', 'in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 46 million at december 31 , 2012 .', 'other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .', 'the company is a potentially responsible party with respect to the allied paper , inc./portage creek/ kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .', 'the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the river , including a paper mill formerly owned by st .', 'regis .', 'the company is a successor in interest to st .', 'regis .', 'international paper has not received any orders from the epa with respect to the site and is in the process of collecting information from the epa and other parties relative to the kalamazoo river superfund site to evaluate the extent of its liability , if any , with respect to the site .', 'accordingly , it is pre- mature to estimate a loss or range of loss with respect to this site .', 'also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the kalamazoo river super- fund site .', 'the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the com- plaint , and for future remediation costs .', 'the suit alleges that a mill , during the time it was allegedly owned and operated by st .', 'regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling .', 'also named as defendants in the suit are ncr corporation and weyerhaeuser company .', 'in mid-2011 , the suit was .'] | Row 1: in millions, 2013, 2014, 2015, 2016, 2017, thereafter
Row 2: lease obligations, $ 198, $ 136, $ 106, $ 70, $ 50, $ 141
Row 3: purchase obligations ( a ), 3213, 828, 722, 620, 808, 2654
Row 4: total, $ 3411, $ 964, $ 828, $ 690, $ 858, $ 2795 | subtract(231, 205) | 26.0 |
what is the total cash inflow from the stock purchases of employees in 2007 , ( in millions ) ? | Context: ['united parcel service , inc .', 'and subsidiaries notes to consolidated financial statements 2014 ( continued ) ups class b common stock on the first or the last day of each quarterly period .', 'employees purchased 1.8 , 1.9 , and 2.0 million shares at average prices of $ 64.20 , $ 66.64 , and $ 64.54 per share during 2007 , 2006 , and 2005 , respectively .', 'compensation cost is measured for the fair value of employees 2019 purchase rights under our discounted employee stock purchase plan using the black-scholes option pricing model .', 'the weighted average assumptions used and the calculated weighted average fair value of employees 2019 purchase rights granted , are as follows: .']
--------
Table:
========================================
• , 2007, 2006, 2005
• expected dividend yield, 2.13% ( 2.13 % ), 1.79% ( 1.79 % ), 1.62% ( 1.62 % )
• risk-free interest rate, 4.60% ( 4.60 % ), 4.59% ( 4.59 % ), 2.84% ( 2.84 % )
• expected life in years, 0.25, 0.25, 0.25
• expected volatility, 16.26% ( 16.26 % ), 15.92% ( 15.92 % ), 15.46% ( 15.46 % )
• weighted average fair value of purchase rights*, $ 9.80, $ 10.30, $ 9.46
========================================
--------
Follow-up: ['* includes the 10% ( 10 % ) discount from the market price .', 'expected volatilities are based on the historical price volatility on our publicly-traded class b shares .', 'the expected dividend yield is based on the recent historical dividend yields for our stock , taking into account changes in dividend policy .', 'the risk-free interest rate is based on the term structure of interest rates on u.s .', 'treasury securities at the time of the option grant .', 'the expected life represents the three month option period applicable to the purchase rights .', 'note 12 .', 'segment and geographic information we report our operations in three segments : u.s .', 'domestic package operations , international package operations , and supply chain & freight operations .', 'package operations represent our most significant business and are broken down into regional operations around the world .', 'regional operations managers are responsible for both domestic and export operations within their geographic area .', 'u.s .', 'domestic package domestic package operations include the time-definite delivery of letters , documents , and packages throughout the united states .', 'international package international package operations include delivery to more than 200 countries and territories worldwide , including shipments wholly outside the united states , as well as shipments with either origin or distribution outside the united states .', 'our international package reporting segment includes the operations of our europe , asia , and americas operating segments .', 'supply chain & freight supply chain & freight includes our forwarding and logistics operations , ups freight , and other aggregated business units .', 'our forwarding and logistics business provides services in more than 175 countries and territories worldwide , and includes supply chain design and management , freight distribution , customs brokerage , mail and consulting services .', 'ups freight offers a variety of ltl and tl services to customers in north america .', 'other aggregated business units within this segment include mail boxes , etc .', '( the franchisor of mail boxes , etc .', 'and the ups store ) and ups capital. .'] | 115.56 | UPS/2007/page_98.pdf-1 | ['united parcel service , inc .', 'and subsidiaries notes to consolidated financial statements 2014 ( continued ) ups class b common stock on the first or the last day of each quarterly period .', 'employees purchased 1.8 , 1.9 , and 2.0 million shares at average prices of $ 64.20 , $ 66.64 , and $ 64.54 per share during 2007 , 2006 , and 2005 , respectively .', 'compensation cost is measured for the fair value of employees 2019 purchase rights under our discounted employee stock purchase plan using the black-scholes option pricing model .', 'the weighted average assumptions used and the calculated weighted average fair value of employees 2019 purchase rights granted , are as follows: .'] | ['* includes the 10% ( 10 % ) discount from the market price .', 'expected volatilities are based on the historical price volatility on our publicly-traded class b shares .', 'the expected dividend yield is based on the recent historical dividend yields for our stock , taking into account changes in dividend policy .', 'the risk-free interest rate is based on the term structure of interest rates on u.s .', 'treasury securities at the time of the option grant .', 'the expected life represents the three month option period applicable to the purchase rights .', 'note 12 .', 'segment and geographic information we report our operations in three segments : u.s .', 'domestic package operations , international package operations , and supply chain & freight operations .', 'package operations represent our most significant business and are broken down into regional operations around the world .', 'regional operations managers are responsible for both domestic and export operations within their geographic area .', 'u.s .', 'domestic package domestic package operations include the time-definite delivery of letters , documents , and packages throughout the united states .', 'international package international package operations include delivery to more than 200 countries and territories worldwide , including shipments wholly outside the united states , as well as shipments with either origin or distribution outside the united states .', 'our international package reporting segment includes the operations of our europe , asia , and americas operating segments .', 'supply chain & freight supply chain & freight includes our forwarding and logistics operations , ups freight , and other aggregated business units .', 'our forwarding and logistics business provides services in more than 175 countries and territories worldwide , and includes supply chain design and management , freight distribution , customs brokerage , mail and consulting services .', 'ups freight offers a variety of ltl and tl services to customers in north america .', 'other aggregated business units within this segment include mail boxes , etc .', '( the franchisor of mail boxes , etc .', 'and the ups store ) and ups capital. .'] | ========================================
• , 2007, 2006, 2005
• expected dividend yield, 2.13% ( 2.13 % ), 1.79% ( 1.79 % ), 1.62% ( 1.62 % )
• risk-free interest rate, 4.60% ( 4.60 % ), 4.59% ( 4.59 % ), 2.84% ( 2.84 % )
• expected life in years, 0.25, 0.25, 0.25
• expected volatility, 16.26% ( 16.26 % ), 15.92% ( 15.92 % ), 15.46% ( 15.46 % )
• weighted average fair value of purchase rights*, $ 9.80, $ 10.30, $ 9.46
======================================== | multiply(1.8, 64.20) | 115.56 |
what percentage of total square feet of floor space by business segment at december 31 , 2013 is in aeronautics? | Background: ['reporting unit 2019s related goodwill assets .', 'in 2013 , we recorded a non-cash goodwill impairment charge of $ 195 million , net of state tax benefits .', 'see 201ccritical accounting policies - goodwill 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 1 2013 significant accounting policies 201d for more information on this impairment charge .', 'changes in u.s .', 'or foreign tax laws , including possibly with retroactive effect , and audits by tax authorities could result in unanticipated increases in our tax expense and affect profitability and cash flows .', 'for example , proposals to lower the u.s .', 'corporate income tax rate would require us to reduce our net deferred tax assets upon enactment of the related tax legislation , with a corresponding material , one-time increase to income tax expense , but our income tax expense and payments would be materially reduced in subsequent years .', 'actual financial results could differ from our judgments and estimates .', 'refer to 201ccritical accounting policies 201d in management 2019s discussion and analysis of financial condition and results of operations , and 201cnote 1 2013 significant accounting policies 201d of our consolidated financial statements for a complete discussion of our significant accounting policies and use of estimates .', 'item 1b .', 'unresolved staff comments .', 'item 2 .', 'properties .', 'at december 31 , 2013 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories , and other facilities ) at 518 locations primarily in the u.s .', 'additionally , we manage or occupy various u.s .', 'government-owned facilities under lease and other arrangements .', 'at december 31 , 2013 , we had significant operations in the following locations : 2022 aeronautics 2013 palmdale , california ; marietta , georgia ; greenville , south carolina ; fort worth and san antonio , texas ; and montreal , canada .', '2022 information systems & global solutions 2013 goodyear , arizona ; sunnyvale , california ; colorado springs and denver , colorado ; gaithersburg and rockville , maryland ; valley forge , pennsylvania ; and houston , texas .', '2022 missiles and fire control 2013 camden , arkansas ; orlando , florida ; lexington , kentucky ; and grand prairie , texas .', '2022 mission systems and training 2013 orlando , florida ; baltimore , maryland ; moorestown/mt .', 'laurel , new jersey ; owego and syracuse , new york ; akron , ohio ; and manassas , virginia .', '2022 space systems 2013 huntsville , alabama ; sunnyvale , california ; denver , colorado ; albuquerque , new mexico ; and newtown , pennsylvania .', '2022 corporate activities 2013 lakeland , florida and bethesda , maryland .', 'in november 2013 , we committed to a plan to vacate our leased facilities in goodyear , arizona and akron , ohio , and close our owned facility in newtown , pennsylvania and certain owned buildings at our sunnyvale , california facility .', 'we expect these closures , which include approximately 2.5 million square feet of facility space , will be substantially complete by the middle of 2015 .', 'for information regarding these matters , see 201cnote 2 2013 restructuring charges 201d of our consolidated financial statements .', 'the following is a summary of our square feet of floor space by business segment at december 31 , 2013 , inclusive of the facilities that we plan to vacate as mentioned above ( in millions ) : owned leased u.s .', 'government- owned total .']
##
Data Table:
****************************************
| owned | leased | u.s . government- owned | total
----------|----------|----------|----------|----------
aeronautics | 5.8 | 2.7 | 14.2 | 22.7
information systems & global solutions | 2.5 | 5.7 | 2014 | 8.2
missiles and fire control | 4.2 | 5.1 | 1.3 | 10.6
mission systems and training | 5.8 | 5.3 | 0.4 | 11.5
space systems | 8.5 | 1.6 | 7.9 | 18.0
corporate activities | 3.0 | 0.9 | 2014 | 3.9
total | 29.8 | 21.3 | 23.8 | 74.9
****************************************
##
Additional Information: ['we believe our facilities are in good condition and adequate for their current use .', 'we may improve , replace , or reduce facilities as considered appropriate to meet the needs of our operations. .'] | 0.30307 | LMT/2013/page_26.pdf-1 | ['reporting unit 2019s related goodwill assets .', 'in 2013 , we recorded a non-cash goodwill impairment charge of $ 195 million , net of state tax benefits .', 'see 201ccritical accounting policies - goodwill 201d in management 2019s discussion and analysis of financial condition and results of operations and 201cnote 1 2013 significant accounting policies 201d for more information on this impairment charge .', 'changes in u.s .', 'or foreign tax laws , including possibly with retroactive effect , and audits by tax authorities could result in unanticipated increases in our tax expense and affect profitability and cash flows .', 'for example , proposals to lower the u.s .', 'corporate income tax rate would require us to reduce our net deferred tax assets upon enactment of the related tax legislation , with a corresponding material , one-time increase to income tax expense , but our income tax expense and payments would be materially reduced in subsequent years .', 'actual financial results could differ from our judgments and estimates .', 'refer to 201ccritical accounting policies 201d in management 2019s discussion and analysis of financial condition and results of operations , and 201cnote 1 2013 significant accounting policies 201d of our consolidated financial statements for a complete discussion of our significant accounting policies and use of estimates .', 'item 1b .', 'unresolved staff comments .', 'item 2 .', 'properties .', 'at december 31 , 2013 , we owned or leased building space ( including offices , manufacturing plants , warehouses , service centers , laboratories , and other facilities ) at 518 locations primarily in the u.s .', 'additionally , we manage or occupy various u.s .', 'government-owned facilities under lease and other arrangements .', 'at december 31 , 2013 , we had significant operations in the following locations : 2022 aeronautics 2013 palmdale , california ; marietta , georgia ; greenville , south carolina ; fort worth and san antonio , texas ; and montreal , canada .', '2022 information systems & global solutions 2013 goodyear , arizona ; sunnyvale , california ; colorado springs and denver , colorado ; gaithersburg and rockville , maryland ; valley forge , pennsylvania ; and houston , texas .', '2022 missiles and fire control 2013 camden , arkansas ; orlando , florida ; lexington , kentucky ; and grand prairie , texas .', '2022 mission systems and training 2013 orlando , florida ; baltimore , maryland ; moorestown/mt .', 'laurel , new jersey ; owego and syracuse , new york ; akron , ohio ; and manassas , virginia .', '2022 space systems 2013 huntsville , alabama ; sunnyvale , california ; denver , colorado ; albuquerque , new mexico ; and newtown , pennsylvania .', '2022 corporate activities 2013 lakeland , florida and bethesda , maryland .', 'in november 2013 , we committed to a plan to vacate our leased facilities in goodyear , arizona and akron , ohio , and close our owned facility in newtown , pennsylvania and certain owned buildings at our sunnyvale , california facility .', 'we expect these closures , which include approximately 2.5 million square feet of facility space , will be substantially complete by the middle of 2015 .', 'for information regarding these matters , see 201cnote 2 2013 restructuring charges 201d of our consolidated financial statements .', 'the following is a summary of our square feet of floor space by business segment at december 31 , 2013 , inclusive of the facilities that we plan to vacate as mentioned above ( in millions ) : owned leased u.s .', 'government- owned total .'] | ['we believe our facilities are in good condition and adequate for their current use .', 'we may improve , replace , or reduce facilities as considered appropriate to meet the needs of our operations. .'] | ****************************************
| owned | leased | u.s . government- owned | total
----------|----------|----------|----------|----------
aeronautics | 5.8 | 2.7 | 14.2 | 22.7
information systems & global solutions | 2.5 | 5.7 | 2014 | 8.2
missiles and fire control | 4.2 | 5.1 | 1.3 | 10.6
mission systems and training | 5.8 | 5.3 | 0.4 | 11.5
space systems | 8.5 | 1.6 | 7.9 | 18.0
corporate activities | 3.0 | 0.9 | 2014 | 3.9
total | 29.8 | 21.3 | 23.8 | 74.9
**************************************** | divide(22.7, 74.9) | 0.30307 |
what was the percentage cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock for the period ended december 30 , 2006? | Pre-text: ['the following graph compares the cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock relative to the cumulative total returns of the s & p 500 index , the nasdaq composite index and the s & p information technology index .', 'the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on december 29 , 2001 and tracks it through december 30 , 2006 .', 'comparison of 5 year cumulative total return* among cadence design systems , inc. , the s & p 500 index , the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems , inc .', 'nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .', 'indexes calculated on month-end basis .', 'copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .', 'all rights reserved .', 'www.researchdatagroup.com/s&p.htm december 29 , december 28 , january 3 , january 1 , december 31 , december 30 .']
Table:
----------------------------------------
december 29 2001 december 28 2002 january 3 2004 january 1 2005 december 31 2005 december 30 2006
cadence design systems inc . 100.00 54.38 81.52 61.65 75.54 79.96
s & p 500 100.00 77.90 100.24 111.15 116.61 135.03
nasdaq composite 100.00 71.97 107.18 117.07 120.50 137.02
s & p information technology 100.00 62.59 92.14 94.50 95.44 103.47
----------------------------------------
Post-table: ['.'] | -0.2004 | CDNS/2006/page_30.pdf-1 | ['the following graph compares the cumulative 5-year total return to shareholders of cadence design systems , inc . 2019s common stock relative to the cumulative total returns of the s & p 500 index , the nasdaq composite index and the s & p information technology index .', 'the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on december 29 , 2001 and tracks it through december 30 , 2006 .', 'comparison of 5 year cumulative total return* among cadence design systems , inc. , the s & p 500 index , the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems , inc .', 'nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends .', 'indexes calculated on month-end basis .', 'copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc .', 'all rights reserved .', 'www.researchdatagroup.com/s&p.htm december 29 , december 28 , january 3 , january 1 , december 31 , december 30 .'] | ['.'] | ----------------------------------------
december 29 2001 december 28 2002 january 3 2004 january 1 2005 december 31 2005 december 30 2006
cadence design systems inc . 100.00 54.38 81.52 61.65 75.54 79.96
s & p 500 100.00 77.90 100.24 111.15 116.61 135.03
nasdaq composite 100.00 71.97 107.18 117.07 120.50 137.02
s & p information technology 100.00 62.59 92.14 94.50 95.44 103.47
---------------------------------------- | subtract(79.96, const_100), divide(#0, const_100) | -0.2004 |
what portion of total multi-asset is related to target date/risk as of december 31 , 2013? | Context: ['long-term product offerings include active and index strategies .', 'our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile .', 'we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction .', 'in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index .', 'index strategies include both our non-etf index products and ishares etfs .', 'althoughmany clients use both active and index strategies , the application of these strategies may differ .', 'for example , clients may use index products to gain exposure to a market or asset class .', 'in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates .', 'this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings .', 'equity year-end 2014 equity aum of $ 2.451 trillion increased by $ 133.4 billion , or 6% ( 6 % ) , from the end of 2013 due to net new business of $ 52.4 billion and net market appreciation and foreign exchange movements of $ 81.0 billion .', 'net inflows were driven by $ 59.6 billion and $ 17.7 billion into ishares and non-etf index accounts , respectively .', 'index inflows were offset by active net outflows of $ 24.9 billion , with outflows of $ 18.0 billion and $ 6.9 billion from fundamental and scientific active equity products , respectively .', 'blackrock 2019s effective fee rates fluctuate due to changes in aummix .', 'approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s .', 'equity strategies .', 'accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s .', 'markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues .', 'fixed income fixed income aum ended 2014 at $ 1.394 trillion , increasing $ 151.5 billion , or 12% ( 12 % ) , from december 31 , 2013 .', 'the increase in aum reflected $ 96.4 billion in net new business and $ 55.1 billion in net market appreciation and foreign exchange movements .', 'in 2014 , net new business was diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield products .', 'flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income global opportunities funds , with net inflows of $ 13.3 billion and $ 4.2 billion , respectively ; our total return fund with net inflows of $ 2.1 billion ; and our high yield bond fund with net inflows of $ 2.1 billion .', 'fixed income net inflows were positive across investment styles , with ishares , non- etf index , and active net inflows of $ 40.0 billion , $ 28.7 billion and $ 27.7 billion , respectively .', 'multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities .', 'investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays .', 'component changes in multi-asset class aum for 2014 are presented below .', '( in millions ) december 31 , 2013 net inflows ( outflows ) market change fx impact december 31 , 2014 .']
Data Table:
----------------------------------------
( in millions ) | december 31 2013 | net inflows ( outflows ) | market change | fx impact | december 31 2014
----------|----------|----------|----------|----------|----------
asset allocation and balanced | $ 169604 | $ 18387 | $ -827 ( 827 ) | $ -4132 ( 4132 ) | $ 183032
target date/risk | 111408 | 10992 | 7083 | -872 ( 872 ) | 128611
fiduciary | 60202 | -474 ( 474 ) | 14788 | -8322 ( 8322 ) | 66194
multi-asset | $ 341214 | $ 28905 | $ 21044 | $ -13326 ( 13326 ) | $ 377837
----------------------------------------
Additional Information: ['flows reflected ongoing institutional demand for our solutions-based advice with $ 15.1 billion , or 52% ( 52 % ) , of net inflows coming from institutional clients .', 'defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 12.8 billion to institutional multi- asset class net new business in 2014 , primarily into target date and target risk product offerings .', 'retail net inflows of $ 13.4 billion were driven by particular demand for our multi- asset income fund , which raised $ 6.3 billion in 2014 .', 'the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 48% ( 48 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 18.4 billion .', 'these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .', 'in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .', 'flagship products in this category include our global allocation andmulti-asset income suites .', '2022 target date and target risk products grew 10% ( 10 % ) organically in 2014 .', 'institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum .', 'the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments .', 'flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings .', 'lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing .', '2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of planmanagement .', 'these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .'] | 0.3265 | BLK/2014/page_33.pdf-4 | ['long-term product offerings include active and index strategies .', 'our active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile .', 'we offer two types of active strategies : those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction .', 'in contrast , index strategies seek to closely track the returns of a corresponding index , generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index .', 'index strategies include both our non-etf index products and ishares etfs .', 'althoughmany clients use both active and index strategies , the application of these strategies may differ .', 'for example , clients may use index products to gain exposure to a market or asset class .', 'in addition , institutional non-etf index assignments tend to be very large ( multi-billion dollars ) and typically reflect low fee rates .', 'this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings .', 'equity year-end 2014 equity aum of $ 2.451 trillion increased by $ 133.4 billion , or 6% ( 6 % ) , from the end of 2013 due to net new business of $ 52.4 billion and net market appreciation and foreign exchange movements of $ 81.0 billion .', 'net inflows were driven by $ 59.6 billion and $ 17.7 billion into ishares and non-etf index accounts , respectively .', 'index inflows were offset by active net outflows of $ 24.9 billion , with outflows of $ 18.0 billion and $ 6.9 billion from fundamental and scientific active equity products , respectively .', 'blackrock 2019s effective fee rates fluctuate due to changes in aummix .', 'approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s .', 'equity strategies .', 'accordingly , fluctuations in international equity markets , which do not consistently move in tandemwith u.s .', 'markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues .', 'fixed income fixed income aum ended 2014 at $ 1.394 trillion , increasing $ 151.5 billion , or 12% ( 12 % ) , from december 31 , 2013 .', 'the increase in aum reflected $ 96.4 billion in net new business and $ 55.1 billion in net market appreciation and foreign exchange movements .', 'in 2014 , net new business was diversified across fixed income offerings , with strong flows into our unconstrained , total return and high yield products .', 'flagship funds in these product areas include our unconstrained strategic income opportunities and fixed income global opportunities funds , with net inflows of $ 13.3 billion and $ 4.2 billion , respectively ; our total return fund with net inflows of $ 2.1 billion ; and our high yield bond fund with net inflows of $ 2.1 billion .', 'fixed income net inflows were positive across investment styles , with ishares , non- etf index , and active net inflows of $ 40.0 billion , $ 28.7 billion and $ 27.7 billion , respectively .', 'multi-asset class blackrock 2019s multi-asset class teammanages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities .', 'investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays .', 'component changes in multi-asset class aum for 2014 are presented below .', '( in millions ) december 31 , 2013 net inflows ( outflows ) market change fx impact december 31 , 2014 .'] | ['flows reflected ongoing institutional demand for our solutions-based advice with $ 15.1 billion , or 52% ( 52 % ) , of net inflows coming from institutional clients .', 'defined contribution plans of institutional clients remained a significant driver of flows , and contributed $ 12.8 billion to institutional multi- asset class net new business in 2014 , primarily into target date and target risk product offerings .', 'retail net inflows of $ 13.4 billion were driven by particular demand for our multi- asset income fund , which raised $ 6.3 billion in 2014 .', 'the company 2019s multi-asset strategies include the following : 2022 asset allocation and balanced products represented 48% ( 48 % ) of multi-asset class aum at year-end , with growth in aum driven by net new business of $ 18.4 billion .', 'these strategies combine equity , fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget .', 'in certain cases , these strategies seek to minimize downside risk through diversification , derivatives strategies and tactical asset allocation decisions .', 'flagship products in this category include our global allocation andmulti-asset income suites .', '2022 target date and target risk products grew 10% ( 10 % ) organically in 2014 .', 'institutional investors represented 90% ( 90 % ) of target date and target risk aum , with defined contribution plans accounting for over 80% ( 80 % ) of aum .', 'the remaining 10% ( 10 % ) of target date and target risk aum consisted of retail client investments .', 'flows were driven by defined contribution investments in our lifepath and lifepath retirement income ae offerings .', 'lifepath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor 2019s expected retirement timing .', '2022 fiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain blackrock to assume responsibility for some or all aspects of planmanagement .', 'these customized services require strong partnership with the clients 2019 investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives. .'] | ----------------------------------------
( in millions ) | december 31 2013 | net inflows ( outflows ) | market change | fx impact | december 31 2014
----------|----------|----------|----------|----------|----------
asset allocation and balanced | $ 169604 | $ 18387 | $ -827 ( 827 ) | $ -4132 ( 4132 ) | $ 183032
target date/risk | 111408 | 10992 | 7083 | -872 ( 872 ) | 128611
fiduciary | 60202 | -474 ( 474 ) | 14788 | -8322 ( 8322 ) | 66194
multi-asset | $ 341214 | $ 28905 | $ 21044 | $ -13326 ( 13326 ) | $ 377837
---------------------------------------- | divide(111408, 341214) | 0.3265 |
in 2010 what was the ratio of the cash generated by operating activities to the free cash flow of $ 1.4 billion in 2010 . | Background: ['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 .']
----
Data Table:
****************************************
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
****************************************
----
Post-table: ['[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 .'] | 3.21429 | UNP/2010/page_24.pdf-2 | ['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 .'] | ['[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 .'] | ****************************************
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
**************************************** | divide(4.5, 1.4) | 3.21429 |
what is the roi of an investment in ball corporation from 2006 to 2008? | Context: ['shareholder return performance the line graph below compares the annual percentage change in ball corporation fffds cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2011 .', 'it assumes $ 100 was invested on december 31 , 2006 , and that all dividends were reinvested .', 'the dow jones containers & packaging index total return has been weighted by market capitalization .', 'total return to stockholders ( assumes $ 100 investment on 12/31/06 ) total return analysis .']
Data Table:
****************************************
| 12/31/2006 | 12/31/2007 | 12/31/2008 | 12/31/2009 | 12/31/2010 | 12/31/2011
ball corporation | $ 100.00 | $ 104.05 | $ 97.04 | $ 121.73 | $ 161.39 | $ 170.70
dj us containers & packaging | $ 100.00 | $ 106.73 | $ 66.91 | $ 93.98 | $ 110.23 | $ 110.39
s&p 500 | $ 100.00 | $ 105.49 | $ 66.46 | $ 84.05 | $ 96.71 | $ 98.75
****************************************
Additional Information: ['copyright a9 2012 standard & poor fffds , a division of the mcgraw-hill companies inc .', 'all rights reserved .', '( www.researchdatagroup.com/s&p.htm ) copyright a9 2012 dow jones & company .', 'all rights reserved. .'] | -0.0296 | BLL/2011/page_29.pdf-1 | ['shareholder return performance the line graph below compares the annual percentage change in ball corporation fffds cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31 , 2011 .', 'it assumes $ 100 was invested on december 31 , 2006 , and that all dividends were reinvested .', 'the dow jones containers & packaging index total return has been weighted by market capitalization .', 'total return to stockholders ( assumes $ 100 investment on 12/31/06 ) total return analysis .'] | ['copyright a9 2012 standard & poor fffds , a division of the mcgraw-hill companies inc .', 'all rights reserved .', '( www.researchdatagroup.com/s&p.htm ) copyright a9 2012 dow jones & company .', 'all rights reserved. .'] | ****************************************
| 12/31/2006 | 12/31/2007 | 12/31/2008 | 12/31/2009 | 12/31/2010 | 12/31/2011
ball corporation | $ 100.00 | $ 104.05 | $ 97.04 | $ 121.73 | $ 161.39 | $ 170.70
dj us containers & packaging | $ 100.00 | $ 106.73 | $ 66.91 | $ 93.98 | $ 110.23 | $ 110.39
s&p 500 | $ 100.00 | $ 105.49 | $ 66.46 | $ 84.05 | $ 96.71 | $ 98.75
**************************************** | subtract(97.04, const_100), divide(#0, const_100) | -0.0296 |
what was the change in the total benefits from 2017 to 2018 in millions | Background: ['( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .', '13 .', 'employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .', 'the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .', 'the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .']
----
Data Table:
years ended december 31 | 2018 | 2017 | 2016
u.s . | $ 98 | $ 105 | $ 121
u.k . | 45 | 43 | 43
netherlands and canada | 25 | 25 | 27
total | $ 168 | $ 173 | $ 191
----
Additional Information: ['pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .', 'the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .', 'the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .'] | -5.0 | AON/2018/page_90.pdf-2 | ['( 3 ) refer to note 2 201csummary of significant accounting principles and practices 201d for further information .', '13 .', 'employee benefitsp y defined contribution savings plans aon maintains defined contribution savings plans for the benefit of its employees .', 'the expense recognized for these plans is included in compensation and benefits in the consolidated statements of income .', 'the expense for the significant plans in the u.s. , u.k. , netherlands and canada is as follows ( in millions ) : .'] | ['pension and other postretirement benefits the company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement , medical , and life insurance benefits .', 'the postretirement health care plans are contributory , with retiree contributions adjusted annually , and the aa life insurance and pension plans are generally noncontributory .', 'the significant u.s. , u.k. , netherlands and canadian pension plans are closed to new entrants. .'] | years ended december 31 | 2018 | 2017 | 2016
u.s . | $ 98 | $ 105 | $ 121
u.k . | 45 | 43 | 43
netherlands and canada | 25 | 25 | 27
total | $ 168 | $ 173 | $ 191 | subtract(168, 173) | -5.0 |
what percentage of future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year are due in 2008? | Context: ['the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 .', 'in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments .', 'the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits .']
######
Table:
========================================
( in millions ), pensionbenefits, otherbenefits
2007, $ 1440, $ 260
2008, 1490, 260
2009, 1540, 270
2010, 1600, 270
2011, 1660, 270
years 2012 2013 2016, 9530, 1260
========================================
######
Additional Information: ['as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits .', 'the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million .', 'the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 .', 'we also sponsor a small number of foreign benefit plans .', 'the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows .', 'note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively .', 'future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .', 'certain major plant facilities and equipment are furnished by the u.s .', 'government under short-term or cancelable arrangements .', 'note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment .', 'we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole .', 'we cannot predict the outcome of legal proceedings with certainty .', 'these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio .', 'the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology .', 'we are cooperating with the government 2019s investigation .', 'on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california .', 'we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program .', 'the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s .', 'air force , as authorized by public law 85-804 .', 'on august 31 , 2004 , the united states denied the claim .', 'our appeal of that decision is pending with the armed services board of contract appeals .', 'on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel .', 'natural resources defense council , et al v .', 'lockheed martin corporation , et al , and united states ex rel .', 'john d .', 'tillson v .', 'lockheed martin energy systems , inc. , et al .', 'the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing .'] | 0.23091 | LMT/2006/page_90.pdf-4 | ['the defined benefit pension plans 2019 trust and $ 130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008 .', 'in 2007 , we expect to make no contributions to the defined benefit pension plans and expect to contribute $ 175 million to the retiree medical and life insurance plans , after giving consideration to the 2006 prepayments .', 'the following benefit payments , which reflect expected future service , as appropriate , are expected to be paid : ( in millions ) pension benefits benefits .'] | ['as noted previously , we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits .', 'the aggregate liabilities for these plans at december 31 , 2006 were $ 641 million .', 'the expense associated with these plans totaled $ 59 million in 2006 , $ 58 million in 2005 and $ 61 million in 2004 .', 'we also sponsor a small number of foreign benefit plans .', 'the liabilities and expenses associated with these plans are not material to our results of operations , financial position or cash flows .', 'note 13 2013 leases our total rental expense under operating leases was $ 310 million , $ 324 million and $ 318 million for 2006 , 2005 and 2004 , respectively .', 'future minimum lease commitments at december 31 , 2006 for all operating leases that have a remaining term of more than one year were $ 1.1 billion ( $ 288 million in 2007 , $ 254 million in 2008 , $ 211 million in 2009 , $ 153 million in 2010 , $ 118 million in 2011 and $ 121 million in later years ) .', 'certain major plant facilities and equipment are furnished by the u.s .', 'government under short-term or cancelable arrangements .', 'note 14 2013 legal proceedings , commitments and contingencies we are a party to or have property subject to litigation and other proceedings , including matters arising under provisions relating to the protection of the environment .', 'we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole .', 'we cannot predict the outcome of legal proceedings with certainty .', 'these matters include the following items , all of which have been previously reported : on march 27 , 2006 , we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio .', 'the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology .', 'we are cooperating with the government 2019s investigation .', 'on february 6 , 2004 , we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs ( past and future ) related to our former facility in redlands , california .', 'we submitted the claim consistent with a claim sponsorship agreement with the boeing company ( boeing ) , executed in 2001 , in boeing 2019s role as the prime contractor on the short range attack missile ( sram ) program .', 'the contract for the sram program , which formed a significant portion of our work at the redlands facility , had special contractual indemnities from the u.s .', 'air force , as authorized by public law 85-804 .', 'on august 31 , 2004 , the united states denied the claim .', 'our appeal of that decision is pending with the armed services board of contract appeals .', 'on august 28 , 2003 , the department of justice ( the doj ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky , united states ex rel .', 'natural resources defense council , et al v .', 'lockheed martin corporation , et al , and united states ex rel .', 'john d .', 'tillson v .', 'lockheed martin energy systems , inc. , et al .', 'the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling , storing .'] | ========================================
( in millions ), pensionbenefits, otherbenefits
2007, $ 1440, $ 260
2008, 1490, 260
2009, 1540, 270
2010, 1600, 270
2011, 1660, 270
years 2012 2013 2016, 9530, 1260
======================================== | multiply(1.1, const_1000), divide(254, #0) | 0.23091 |
what was the percentage change in the company 2019s cash and cash equivalents from june 302008 to 2009 | Background: ['26 | 2009 annual report in fiscal 2008 , revenues in the credit union systems and services business segment increased 14% ( 14 % ) from fiscal 2007 .', 'all revenue components within the segment experienced growth during fiscal 2008 .', 'license revenue generated the largest dollar growth in revenue as episys ae , our flagship core processing system aimed at larger credit unions , experienced strong sales throughout the year .', 'support and service revenue , which is the largest component of total revenues for the credit union segment , experienced 34 percent growth in eft support and 10 percent growth in in-house support .', 'gross profit in this business segment increased $ 9344 in fiscal 2008 compared to fiscal 2007 , due primarily to the increase in license revenue , which carries the highest margins .', 'liquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements .', 'we expect this trend to continue in the future .', 'the company 2019s cash and cash equivalents increased to $ 118251 at june 30 , 2009 from $ 65565 at june 30 , 2008 .', 'the following table summarizes net cash from operating activities in the statement of cash flows : 2009 2008 2007 .']
Table:
2008 year ended june 30 2009 2008 year ended june 30 2009 2008 year ended june 30 2009
net income $ 103102 $ 104222 $ 104681
non-cash expenses 74397 70420 56348
change in receivables 21214 -2913 ( 2913 ) -28853 ( 28853 )
change in deferred revenue 21943 5100 24576
change in other assets and liabilities -14068 ( 14068 ) 4172 17495
net cash from operating activities $ 206588 $ 181001 $ 174247
Additional Information: ['year ended june 30 , cash provided by operations increased $ 25587 to $ 206588 for the fiscal year ended june 30 , 2009 as compared to $ 181001 for the fiscal year ended june 30 , 2008 .', 'this increase is primarily attributable to a decrease in receivables compared to the same period a year ago of $ 21214 .', 'this decrease is largely the result of fiscal 2010 annual software maintenance billings being provided to customers earlier than in the prior year , which allowed more cash to be collected before the end of the fiscal year than in previous years .', 'further , we collected more cash overall related to revenues that will be recognized in subsequent periods in the current year than in fiscal 2008 .', 'cash used in investing activities for the fiscal year ended june 2009 was $ 59227 and includes $ 3027 in contingent consideration paid on prior years 2019 acquisitions .', 'cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions .', 'capital expenditures for fiscal 2009 were $ 31562 compared to $ 31105 for fiscal 2008 .', 'cash used for software development in fiscal 2009 was $ 24684 compared to $ 23736 during the prior year .', 'net cash used in financing activities for the current fiscal year was $ 94675 and includes the repurchase of 3106 shares of our common stock for $ 58405 , the payment of dividends of $ 26903 and $ 13489 net repayment on our revolving credit facilities .', 'cash used in financing activities was partially offset by proceeds of $ 3773 from the exercise of stock options and the sale of common stock ( through the employee stock purchase plan ) and $ 348 excess tax benefits from stock option exercises .', 'during fiscal 2008 , net cash used in financing activities for the fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities .', 'cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises .', 'beginning during fiscal 2008 , us financial markets and many of the largest us financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities .', 'since that time , these and other such developments have resulted in a broad , global economic downturn .', 'while we , as is the case with most companies , have experienced the effects of this downturn , we have not experienced any significant issues with our current collection efforts , and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit. .'] | 0.80357 | JKHY/2009/page_28.pdf-4 | ['26 | 2009 annual report in fiscal 2008 , revenues in the credit union systems and services business segment increased 14% ( 14 % ) from fiscal 2007 .', 'all revenue components within the segment experienced growth during fiscal 2008 .', 'license revenue generated the largest dollar growth in revenue as episys ae , our flagship core processing system aimed at larger credit unions , experienced strong sales throughout the year .', 'support and service revenue , which is the largest component of total revenues for the credit union segment , experienced 34 percent growth in eft support and 10 percent growth in in-house support .', 'gross profit in this business segment increased $ 9344 in fiscal 2008 compared to fiscal 2007 , due primarily to the increase in license revenue , which carries the highest margins .', 'liquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements .', 'we expect this trend to continue in the future .', 'the company 2019s cash and cash equivalents increased to $ 118251 at june 30 , 2009 from $ 65565 at june 30 , 2008 .', 'the following table summarizes net cash from operating activities in the statement of cash flows : 2009 2008 2007 .'] | ['year ended june 30 , cash provided by operations increased $ 25587 to $ 206588 for the fiscal year ended june 30 , 2009 as compared to $ 181001 for the fiscal year ended june 30 , 2008 .', 'this increase is primarily attributable to a decrease in receivables compared to the same period a year ago of $ 21214 .', 'this decrease is largely the result of fiscal 2010 annual software maintenance billings being provided to customers earlier than in the prior year , which allowed more cash to be collected before the end of the fiscal year than in previous years .', 'further , we collected more cash overall related to revenues that will be recognized in subsequent periods in the current year than in fiscal 2008 .', 'cash used in investing activities for the fiscal year ended june 2009 was $ 59227 and includes $ 3027 in contingent consideration paid on prior years 2019 acquisitions .', 'cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions .', 'capital expenditures for fiscal 2009 were $ 31562 compared to $ 31105 for fiscal 2008 .', 'cash used for software development in fiscal 2009 was $ 24684 compared to $ 23736 during the prior year .', 'net cash used in financing activities for the current fiscal year was $ 94675 and includes the repurchase of 3106 shares of our common stock for $ 58405 , the payment of dividends of $ 26903 and $ 13489 net repayment on our revolving credit facilities .', 'cash used in financing activities was partially offset by proceeds of $ 3773 from the exercise of stock options and the sale of common stock ( through the employee stock purchase plan ) and $ 348 excess tax benefits from stock option exercises .', 'during fiscal 2008 , net cash used in financing activities for the fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities .', 'cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises .', 'beginning during fiscal 2008 , us financial markets and many of the largest us financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities .', 'since that time , these and other such developments have resulted in a broad , global economic downturn .', 'while we , as is the case with most companies , have experienced the effects of this downturn , we have not experienced any significant issues with our current collection efforts , and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit. .'] | 2008 year ended june 30 2009 2008 year ended june 30 2009 2008 year ended june 30 2009
net income $ 103102 $ 104222 $ 104681
non-cash expenses 74397 70420 56348
change in receivables 21214 -2913 ( 2913 ) -28853 ( 28853 )
change in deferred revenue 21943 5100 24576
change in other assets and liabilities -14068 ( 14068 ) 4172 17495
net cash from operating activities $ 206588 $ 181001 $ 174247 | subtract(118251, 65565), divide(#0, 65565) | 0.80357 |
what percent of total contractual obligations and commitments as of december 31 , 2012 are data processing and maintenance? | Pre-text: ['contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance .', "for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements .", 'the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years .']
##########
Tabular Data:
========================================
• , total, less than 1 year, 1-3 years, 3-5 years, more than 5 years
• long-term debt, $ 4385.5, $ 153.9, $ 757.1, $ 2274.5, $ 1200.0
• interest ( 1 ), 1137.6, 200.4, 372.9, 288.8, 275.5
• operating leases, 226.6, 55.0, 96.2, 46.4, 29.0
• data processing and maintenance, 246.7, 131.7, 78.9, 28.4, 7.7
• other contractual obligations ( 2 ), 100.7, 18.8, 52.0, 10.6, 19.3
• total, $ 6097.1, $ 559.8, $ 1357.1, $ 2648.7, $ 1531.5
========================================
##########
Additional Information: ['( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity .', "( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner .", 'fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments .', 'off-balance sheet arrangements fis does not have any off-balance sheet arrangements .', 'item 7a .', 'quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates .', 'we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk .', 'we do not use derivatives for trading purposes , to generate income or to engage in speculative activity .', 'interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations .', 'we are exposed to interest rate risk on these debt obligations and related interest rate swaps .', 'the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations .', 'the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 .', 'the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 .', 'the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt .', 'our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) .', 'an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) .', 'we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt .', 'this sensitivity analysis is based solely on .'] | 0.04046 | FIS/2012/page_46.pdf-4 | ['contractual obligations fis 2019 long-term contractual obligations generally include its long-term debt , interest on long-term debt , lease payments on certain of its property and equipment and payments for data processing and maintenance .', "for more descriptive information regarding the company's long-term debt , see note 13 in the notes to consolidated financial statements .", 'the following table summarizes fis 2019 significant contractual obligations and commitments as of december 31 , 2012 ( in millions ) : less than 1-3 3-5 more than total 1 year years years 5 years .'] | ['( 1 ) these calculations assume that : ( a ) applicable margins remain constant ; ( b ) all variable rate debt is priced at the one-month libor rate in effect as of december 31 , 2012 ; ( c ) no new hedging transactions are effected ; ( d ) only mandatory debt repayments are made ; and ( e ) no refinancing occurs at debt maturity .', "( 2 ) amount includes the payment for labor claims related to fis' former item processing and remittance operations in brazil ( see note 3 to the consolidated financial statements ) and amounts due to the brazilian venture partner .", 'fis believes that its existing cash balances , cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet fis 2019 expected short-term liquidity needs and its long-term needs for the operations of its business , expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments .', 'off-balance sheet arrangements fis does not have any off-balance sheet arrangements .', 'item 7a .', 'quantitative and qualitative disclosure about market risks market risk we are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates .', 'we use certain derivative financial instruments , including interest rate swaps and foreign currency forward exchange contracts , to manage interest rate and foreign currency risk .', 'we do not use derivatives for trading purposes , to generate income or to engage in speculative activity .', 'interest rate risk in addition to existing cash balances and cash provided by operating activities , we use fixed rate and variable rate debt to finance our operations .', 'we are exposed to interest rate risk on these debt obligations and related interest rate swaps .', 'the notes ( as defined in note 13 to the consolidated financial statements ) represent substantially all of our fixed-rate long-term debt obligations .', 'the carrying value of the notes was $ 1950.0 million as of december 31 , 2012 .', 'the fair value of the notes was approximately $ 2138.2 million as of december 31 , 2012 .', 'the potential reduction in fair value of the notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt .', 'our floating rate long-term debt obligations principally relate to borrowings under the fis credit agreement ( as also defined in note 13 to the consolidated financial statements ) .', 'an increase of 100 basis points in the libor rate would increase our annual debt service under the fis credit agreement , after we include the impact of our interest rate swaps , by $ 9.3 million ( based on principal amounts outstanding as of december 31 , 2012 ) .', 'we performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of december 31 , 2012 , less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt .', 'this sensitivity analysis is based solely on .'] | ========================================
• , total, less than 1 year, 1-3 years, 3-5 years, more than 5 years
• long-term debt, $ 4385.5, $ 153.9, $ 757.1, $ 2274.5, $ 1200.0
• interest ( 1 ), 1137.6, 200.4, 372.9, 288.8, 275.5
• operating leases, 226.6, 55.0, 96.2, 46.4, 29.0
• data processing and maintenance, 246.7, 131.7, 78.9, 28.4, 7.7
• other contractual obligations ( 2 ), 100.7, 18.8, 52.0, 10.6, 19.3
• total, $ 6097.1, $ 559.8, $ 1357.1, $ 2648.7, $ 1531.5
======================================== | divide(246.7, 6097.1) | 0.04046 |
considering the years 2014-2016 , what is the average expected volatility? | Context: ['weighted average fair values and valuation assumptions used to value performance unit and performance stock grants during the years ended december 31 , 2016 , 2015 and 2014 were as follows: .']
----------
Data Table:
****************************************
2016 2015 2014
weighted average fair value of grants $ 119.10 $ 80.64 $ 119.27
expected volatility 32.48% ( 32.48 % ) 29.35% ( 29.35 % ) 32.18% ( 32.18 % )
risk-free interest rate 1.15% ( 1.15 % ) 1.07% ( 1.07 % ) 1.18% ( 1.18 % )
****************************************
----------
Follow-up: ['expected volatility is based on the term-matched historical volatility over the simulated term , which is calculated as the time between the grant date and the end of the performance period .', 'the risk-free interest rate is based on a 3.25 year zero-coupon risk-free interest rate derived from the treasury constant maturities yield curve on the grant date .', 'at december 31 , 2016 , unrecognized compensation expense related to performance units totaled $ 10 million .', 'such unrecognized expense will be amortized on a straight-line basis over a weighted average period of 3.0 years .', 'pension plans .', 'eog has a defined contribution pension plan in place for most of its employees in the united states .', "eog's contributions to the pension plan are based on various percentages of compensation and , in some instances , are based upon the amount of the employees' contributions .", "eog's total costs recognized for the plan were $ 34 million , $ 36 million and $ 41 million for 2016 , 2015 and 2014 , respectively .", "in addition , eog's trinidadian subsidiary maintains a contributory defined benefit pension plan and a matched savings plan .", "eog's united kingdom subsidiary maintains a pension plan which includes a non-contributory defined contribution pension plan and a matched defined contribution savings plan .", 'these pension plans are available to most employees of the trinidadian and united kingdom subsidiaries .', "eog's combined contributions to these plans were $ 1 million , $ 1 million and $ 5 million for 2016 , 2015 and 2014 , respectively .", 'for the trinidadian defined benefit pension plan , the benefit obligation , fair value of plan assets and accrued benefit cost totaled $ 8 million , $ 7 million and $ 0.3 million , respectively , at december 31 , 2016 , and $ 9 million , $ 7 million and $ 0.2 million , respectively , at december 31 , 2015 .', 'in connection with the divestiture of substantially all of its canadian assets in the fourth quarter of 2014 , eog has elected to terminate the canadian non-contributory defined benefit pension plan .', 'postretirement health care .', 'eog has postretirement medical and dental benefits in place for eligible united states and trinidad employees and their eligible dependents , the costs of which are not material .', '8 .', 'commitments and contingencies letters of credit and guarantees .', 'at december 31 , 2016 and 2015 , respectively , eog had standby letters of credit and guarantees outstanding totaling approximately $ 226 million and $ 272 million , primarily representing guarantees of payment or performance obligations on behalf of subsidiaries .', 'as of february 20 , 2017 , there were no demands for payment under these guarantees. .'] | 0.31337 | EOG/2016/page_78.pdf-1 | ['weighted average fair values and valuation assumptions used to value performance unit and performance stock grants during the years ended december 31 , 2016 , 2015 and 2014 were as follows: .'] | ['expected volatility is based on the term-matched historical volatility over the simulated term , which is calculated as the time between the grant date and the end of the performance period .', 'the risk-free interest rate is based on a 3.25 year zero-coupon risk-free interest rate derived from the treasury constant maturities yield curve on the grant date .', 'at december 31 , 2016 , unrecognized compensation expense related to performance units totaled $ 10 million .', 'such unrecognized expense will be amortized on a straight-line basis over a weighted average period of 3.0 years .', 'pension plans .', 'eog has a defined contribution pension plan in place for most of its employees in the united states .', "eog's contributions to the pension plan are based on various percentages of compensation and , in some instances , are based upon the amount of the employees' contributions .", "eog's total costs recognized for the plan were $ 34 million , $ 36 million and $ 41 million for 2016 , 2015 and 2014 , respectively .", "in addition , eog's trinidadian subsidiary maintains a contributory defined benefit pension plan and a matched savings plan .", "eog's united kingdom subsidiary maintains a pension plan which includes a non-contributory defined contribution pension plan and a matched defined contribution savings plan .", 'these pension plans are available to most employees of the trinidadian and united kingdom subsidiaries .', "eog's combined contributions to these plans were $ 1 million , $ 1 million and $ 5 million for 2016 , 2015 and 2014 , respectively .", 'for the trinidadian defined benefit pension plan , the benefit obligation , fair value of plan assets and accrued benefit cost totaled $ 8 million , $ 7 million and $ 0.3 million , respectively , at december 31 , 2016 , and $ 9 million , $ 7 million and $ 0.2 million , respectively , at december 31 , 2015 .', 'in connection with the divestiture of substantially all of its canadian assets in the fourth quarter of 2014 , eog has elected to terminate the canadian non-contributory defined benefit pension plan .', 'postretirement health care .', 'eog has postretirement medical and dental benefits in place for eligible united states and trinidad employees and their eligible dependents , the costs of which are not material .', '8 .', 'commitments and contingencies letters of credit and guarantees .', 'at december 31 , 2016 and 2015 , respectively , eog had standby letters of credit and guarantees outstanding totaling approximately $ 226 million and $ 272 million , primarily representing guarantees of payment or performance obligations on behalf of subsidiaries .', 'as of february 20 , 2017 , there were no demands for payment under these guarantees. .'] | ****************************************
2016 2015 2014
weighted average fair value of grants $ 119.10 $ 80.64 $ 119.27
expected volatility 32.48% ( 32.48 % ) 29.35% ( 29.35 % ) 32.18% ( 32.18 % )
risk-free interest rate 1.15% ( 1.15 % ) 1.07% ( 1.07 % ) 1.18% ( 1.18 % )
**************************************** | table_average(expected volatility, none) | 0.31337 |
what was the sum of the entergy arkansas 2019s payables from 2015 to 2017 in millions | Background: ['entergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .']
----------
Table:
• 2017, 2016, 2015, 2014
• ( in thousands ), ( in thousands ), ( in thousands ), ( in thousands )
• ( $ 166137 ), ( $ 51232 ), ( $ 52742 ), $ 2218
----------
Follow-up: ['see note 4 to the financial statements for a description of the money pool .', 'entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 .', 'entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2018 . a0 a0the $ 150 million credit facility permits the issuance of letters of credit against $ 5 million of the borrowing capacity of the facility .', 'as of december 31 , 2017 , there were no cash borrowings and no letters of credit outstanding under the credit facilities .', 'in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso .', 'as of december 31 , 2017 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility .', 'see note 4 to the financial statements for further discussion of the credit facilities .', 'the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 . a0 a0as of december 31 , 2017 , $ 50 million in letters of credit to support a like amount of commercial paper issued and $ 24.9 million in loans were outstanding under the entergy arkansas nuclear fuel company variable interest entity credit facility .', 'see note 4 to the financial statements for further discussion of the nuclear fuel company variable interest entity credit facility .', 'entergy arkansas obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and borrowings by its nuclear fuel company variable interest entity .', 'see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits .', 'the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc , and the current authorization extends through december 2018 .', 'entergy arkansas , inc .', 'and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery retail rates 2015 base rate filing in april 2015 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs .', 'the filing notified the apsc of entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , and requested a retail rate increase of $ 268.4 million , with a net increase in revenue of $ 167 million .', 'the filing requested a 10.2% ( 10.2 % ) return on common equity .', 'in september 2015 the apsc staff and intervenors filed direct testimony , with the apsc staff recommending a revenue requirement of $ 217.9 million and a 9.65% ( 9.65 % ) return on common equity .', 'in december 2015 , entergy arkansas , the apsc staff , and certain of the intervenors in the rate case filed with the apsc a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $ 225 million with a net increase in revenue of approximately $ 133 million ; an authorized return on common equity of 9.75% ( 9.75 % ) ; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% ( 9.75 % ) allowed return on common equity .', 'a significant portion of the rate increase is related to entergy arkansas 2019s acquisition in march 2016 of union power station power block 2 for a base purchase price of $ 237 million .', 'the settlement agreement also provided for amortization over a 10-year period of $ 7.7 million of previously-incurred costs related to ano post-fukushima compliance and $ 9.9 million of previously-incurred costs related to ano flood barrier compliance .', 'a settlement hearing was held in january 2016 .', 'in february 2016 the apsc approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $ 5 million .', 'the settling parties agreed to the apsc modifications in february 2016 .', 'the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .', 'in march 2016 , entergy arkansas made a compliance filing regarding the .'] | 270111.0 | ETR/2017/page_325.pdf-1 | ['entergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. .'] | ['see note 4 to the financial statements for a description of the money pool .', 'entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 .', 'entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2018 . a0 a0the $ 150 million credit facility permits the issuance of letters of credit against $ 5 million of the borrowing capacity of the facility .', 'as of december 31 , 2017 , there were no cash borrowings and no letters of credit outstanding under the credit facilities .', 'in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso .', 'as of december 31 , 2017 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility .', 'see note 4 to the financial statements for further discussion of the credit facilities .', 'the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 . a0 a0as of december 31 , 2017 , $ 50 million in letters of credit to support a like amount of commercial paper issued and $ 24.9 million in loans were outstanding under the entergy arkansas nuclear fuel company variable interest entity credit facility .', 'see note 4 to the financial statements for further discussion of the nuclear fuel company variable interest entity credit facility .', 'entergy arkansas obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and borrowings by its nuclear fuel company variable interest entity .', 'see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits .', 'the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc , and the current authorization extends through december 2018 .', 'entergy arkansas , inc .', 'and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery retail rates 2015 base rate filing in april 2015 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs .', 'the filing notified the apsc of entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , and requested a retail rate increase of $ 268.4 million , with a net increase in revenue of $ 167 million .', 'the filing requested a 10.2% ( 10.2 % ) return on common equity .', 'in september 2015 the apsc staff and intervenors filed direct testimony , with the apsc staff recommending a revenue requirement of $ 217.9 million and a 9.65% ( 9.65 % ) return on common equity .', 'in december 2015 , entergy arkansas , the apsc staff , and certain of the intervenors in the rate case filed with the apsc a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $ 225 million with a net increase in revenue of approximately $ 133 million ; an authorized return on common equity of 9.75% ( 9.75 % ) ; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% ( 9.75 % ) allowed return on common equity .', 'a significant portion of the rate increase is related to entergy arkansas 2019s acquisition in march 2016 of union power station power block 2 for a base purchase price of $ 237 million .', 'the settlement agreement also provided for amortization over a 10-year period of $ 7.7 million of previously-incurred costs related to ano post-fukushima compliance and $ 9.9 million of previously-incurred costs related to ano flood barrier compliance .', 'a settlement hearing was held in january 2016 .', 'in february 2016 the apsc approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $ 5 million .', 'the settling parties agreed to the apsc modifications in february 2016 .', 'the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 .', 'in march 2016 , entergy arkansas made a compliance filing regarding the .'] | • 2017, 2016, 2015, 2014
• ( in thousands ), ( in thousands ), ( in thousands ), ( in thousands )
• ( $ 166137 ), ( $ 51232 ), ( $ 52742 ), $ 2218 | add(166137, 51232), add(#0, 52742) | 270111.0 |
what was the average rental expense in millions for 2000 through 2002? | Background: ['the contracts were valued as of april 1 , 2002 , and an asset and a corresponding gain of $ 127 million , net of income taxes , was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002 .', 'the majority of the gain recorded relates to the warrior run contract , as the asset value of the deepwater contract on april 1 , 2002 , was less than $ 1 million .', 'the warrior run contract qualifies and was designated as a cash flow hedge as defined by sfas no .', '133 and hedge accounting is applied for this contract subsequent to april 1 , 2002 .', 'the contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables .', 'the forward curves used to value the contracts include certain assumptions , including projections of future electricity and gas prices in periods where future prices are not quoted .', 'fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change .', 'such fluctuations will increase the volatility of the company 2019s reported results of operations .', '11 .', 'commitments , contingencies and risks operating leases 2014as of december 31 , 2002 , the company was obligated under long-term non-cancelable operating leases , primarily for office rental and site leases .', 'rental expense for operating leases , excluding amounts related to the sale/leaseback discussed below , was $ 31 million $ 32 million and $ 13 million in the years ended december 31 , 2002 , 2001and 2000 , respectively , including commitments of businesses classified as discontinued amounting to $ 6 million in 2002 , $ 16 million in 2001 and $ 6 million in 2000 .', 'the future minimum lease commitments under these leases are as follows ( in millions ) : discontinued total operations .']
##########
Table:
****************************************
| total | discontinued operations
----------|----------|----------
2003 | $ 30 | $ 4
2004 | 20 | 4
2005 | 15 | 3
2006 | 11 | 1
2007 | 9 | 1
thereafter | 84 | 1
total | $ 169 | $ 14
****************************************
##########
Follow-up: ['sale/leaseback 2014in may 1999 , a subsidiary of the company acquired six electric generating stations from new york state electric and gas ( 2018 2018nyseg 2019 2019 ) .', 'concurrently , the subsidiary sold two of the plants to an unrelated third party for $ 666 million and simultaneously entered into a leasing arrangement with the unrelated party .', 'this transaction has been accounted for as a sale/leaseback with operating lease treatment .', 'rental expense was $ 54 million , $ 58 million and $ 54 million in 2002 , 2001 and 2000 , respectively .', 'future minimum lease commitments are as follows ( in millions ) : in connection with the lease of the two power plants , the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent ( other then deferrable basic rent ) and fixed charges expected to become due in the immediately succeeding three-year period .', 'at december 31 , 2002 , 2001 and 2000 , the amount deposited in the rent reserve account approximated .'] | 55.33333 | AES/2002/page_128.pdf-4 | ['the contracts were valued as of april 1 , 2002 , and an asset and a corresponding gain of $ 127 million , net of income taxes , was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002 .', 'the majority of the gain recorded relates to the warrior run contract , as the asset value of the deepwater contract on april 1 , 2002 , was less than $ 1 million .', 'the warrior run contract qualifies and was designated as a cash flow hedge as defined by sfas no .', '133 and hedge accounting is applied for this contract subsequent to april 1 , 2002 .', 'the contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables .', 'the forward curves used to value the contracts include certain assumptions , including projections of future electricity and gas prices in periods where future prices are not quoted .', 'fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change .', 'such fluctuations will increase the volatility of the company 2019s reported results of operations .', '11 .', 'commitments , contingencies and risks operating leases 2014as of december 31 , 2002 , the company was obligated under long-term non-cancelable operating leases , primarily for office rental and site leases .', 'rental expense for operating leases , excluding amounts related to the sale/leaseback discussed below , was $ 31 million $ 32 million and $ 13 million in the years ended december 31 , 2002 , 2001and 2000 , respectively , including commitments of businesses classified as discontinued amounting to $ 6 million in 2002 , $ 16 million in 2001 and $ 6 million in 2000 .', 'the future minimum lease commitments under these leases are as follows ( in millions ) : discontinued total operations .'] | ['sale/leaseback 2014in may 1999 , a subsidiary of the company acquired six electric generating stations from new york state electric and gas ( 2018 2018nyseg 2019 2019 ) .', 'concurrently , the subsidiary sold two of the plants to an unrelated third party for $ 666 million and simultaneously entered into a leasing arrangement with the unrelated party .', 'this transaction has been accounted for as a sale/leaseback with operating lease treatment .', 'rental expense was $ 54 million , $ 58 million and $ 54 million in 2002 , 2001 and 2000 , respectively .', 'future minimum lease commitments are as follows ( in millions ) : in connection with the lease of the two power plants , the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent ( other then deferrable basic rent ) and fixed charges expected to become due in the immediately succeeding three-year period .', 'at december 31 , 2002 , 2001 and 2000 , the amount deposited in the rent reserve account approximated .'] | ****************************************
| total | discontinued operations
----------|----------|----------
2003 | $ 30 | $ 4
2004 | 20 | 4
2005 | 15 | 3
2006 | 11 | 1
2007 | 9 | 1
thereafter | 84 | 1
total | $ 169 | $ 14
**************************************** | add(54, 58), add(#0, 54), divide(#1, const_3) | 55.33333 |
what was the percentage change in total contribution expense under the plan between 2005 and 2006? | Context: ['prior to its adoption of sfas no .', '123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period .', 'if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture .', 'as required upon adoption of sfas no .', '123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered .', 'actual forfeitures are no longer recorded in the period of forfeiture .', 'in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no .', '123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited .', 'a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair .']
--------
Data Table:
========================================
| shares ( in thousands ) | weighted- average grant date fair value
----------|----------|----------
non-vested at december 31 2006: | 2878 | $ 13.01
issued | 830 | $ 22.85
released ( vested ) | -514 ( 514 ) | $ 15.93
canceled | -1197 ( 1197 ) | $ 13.75
non-vested at december 31 2007: | 1997 | $ 15.91
========================================
--------
Post-table: ['as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards .', 'this cost is expected to be recognized over a weighted-average period of 1.6 years .', 'the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively .', 'employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods .', 'under sfas no .', '123 ( r ) , the 2002 purchase plan was considered compensatory .', 'effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision .', 'as a result , the purchase plan was not compensatory beginning august 1 , 2005 .', 'for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 .', 'at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan .', '401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements .', 'the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company .', 'total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. .'] | 0.09615 | ETFC/2007/page_135.pdf-1 | ['prior to its adoption of sfas no .', '123 ( r ) , the company recorded compensation expense for restricted stock awards on a straight-line basis over their vesting period .', 'if an employee forfeited the award prior to vesting , the company reversed out the previously expensed amounts in the period of forfeiture .', 'as required upon adoption of sfas no .', '123 ( r ) , the company must base its accruals of compensation expense on the estimated number of awards for which the requisite service period is expected to be rendered .', 'actual forfeitures are no longer recorded in the period of forfeiture .', 'in 2005 , the company recorded a pre-tax credit of $ 2.8 million in cumulative effect of accounting change , that represents the amount by which compensation expense would have been reduced in periods prior to adoption of sfas no .', '123 ( r ) for restricted stock awards outstanding on july 1 , 2005 that are anticipated to be forfeited .', 'a summary of non-vested restricted stock award and restricted stock unit activity is presented below : shares ( in thousands ) weighted- average date fair .'] | ['as of december 31 , 2007 , there was $ 15.3 million of total unrecognized compensation cost related to non-vested awards .', 'this cost is expected to be recognized over a weighted-average period of 1.6 years .', 'the total fair value of restricted shares and restricted stock units vested was $ 11.0 million , $ 7.5 million and $ 4.1 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively .', 'employee stock purchase plan the shareholders of the company previously approved the 2002 employee stock purchase plan ( 201c2002 purchase plan 201d ) , and reserved 5000000 shares of common stock for sale to employees at a price no less than 85% ( 85 % ) of the lower of the fair market value of the common stock at the beginning of the one-year offering period or the end of each of the six-month purchase periods .', 'under sfas no .', '123 ( r ) , the 2002 purchase plan was considered compensatory .', 'effective august 1 , 2005 , the company changed the terms of its purchase plan to reduce the discount to 5% ( 5 % ) and discontinued the look-back provision .', 'as a result , the purchase plan was not compensatory beginning august 1 , 2005 .', 'for the year ended december 31 , 2005 , the company recorded $ 0.4 million in compensation expense for its employee stock purchase plan for the period in which the 2002 plan was considered compensatory until the terms were changed august 1 , 2005 .', 'at december 31 , 2007 , 757123 shares were available for purchase under the 2002 purchase plan .', '401 ( k ) plan the company has a 401 ( k ) salary deferral program for eligible employees who have met certain service requirements .', 'the company matches certain employee contributions ; additional contributions to this plan are at the discretion of the company .', 'total contribution expense under this plan was $ 5.7 million , $ 5.7 million and $ 5.2 million for the years ended december 31 , 2007 , 2006 and 2005 , respectively. .'] | ========================================
| shares ( in thousands ) | weighted- average grant date fair value
----------|----------|----------
non-vested at december 31 2006: | 2878 | $ 13.01
issued | 830 | $ 22.85
released ( vested ) | -514 ( 514 ) | $ 15.93
canceled | -1197 ( 1197 ) | $ 13.75
non-vested at december 31 2007: | 1997 | $ 15.91
======================================== | subtract(5.7, 5.2), divide(#0, 5.2) | 0.09615 |
for the year ended december 31 2017 , beginning balance is what percent of the ending balance? | Context: ['welltower inc .', 'notes to consolidated financial statements is no longer present ( and additional weight may be given to subjective evidence such as our projections for growth ) .', 'the valuation allowance rollforward is summarized as follows for the periods presented ( in thousands ) : year ended december 31 , 2017 2016 2015 .']
----
Tabular Data:
========================================
Row 1: 2016, year ended december 31 2017 2016, year ended december 31 2017 2016, year ended december 31 2017
Row 2: beginning balance, $ 96838, $ 98966, $ 85207
Row 3: expense ( benefit ), 30445, -2128 ( 2128 ), 13759
Row 4: ending balance, $ 127283, $ 96838, $ 98966
========================================
----
Post-table: ['as a result of certain acquisitions , we are subject to corporate level taxes for any related asset dispositions that may occur during the five-year period immediately after such assets were owned by a c corporation ( 201cbuilt-in gains tax 201d ) .', 'the amount of income potentially subject to this special corporate level tax is generally equal to the lesser of ( a ) the excess of the fair value of the asset over its adjusted tax basis as of the date it became a reit asset , or ( b ) the actual amount of gain .', 'some but not all gains recognized during this period of time could be offset by available net operating losses and capital loss carryforwards .', 'during the year ended december 31 , 2016 , we acquired certain additional assets with built-in gains as of the date of acquisition that could be subject to the built-in gains tax if disposed of prior to the expiration of the applicable ten-year period .', 'we have not recorded a deferred tax liability as a result of the potential built-in gains tax based on our intentions with respect to such properties and available tax planning strategies .', 'under the provisions of the reit investment diversification and empowerment act of 2007 ( 201cridea 201d ) , for taxable years beginning after july 30 , 2008 , the reit may lease 201cqualified health care properties 201d on an arm 2019s-length basis to a trs if the property is operated on behalf of such subsidiary by a person who qualifies as an 201celigible independent contractor . 201d generally , the rent received from the trs will meet the related party rent exception and will be treated as 201crents from real property . 201d a 201cqualified health care property 201d includes real property and any personal property that is , or is necessary or incidental to the use of , a hospital , nursing facility , assisted living facility , congregate care facility , qualified continuing care facility , or other licensed facility which extends medical or nursing or ancillary services to patients .', 'we have entered into various joint ventures that were structured under ridea .', 'resident level rents and related operating expenses for these facilities are reported in the consolidated financial statements and are subject to federal , state and foreign income taxes as the operations of such facilities are included in a trs .', 'certain net operating loss carryforwards could be utilized to offset taxable income in future years .', 'given the applicable statute of limitations , we generally are subject to audit by the internal revenue service ( 201cirs 201d ) for the year ended december 31 , 2014 and subsequent years .', 'the statute of limitations may vary in the states in which we own properties or conduct business .', 'we do not expect to be subject to audit by state taxing authorities for any year prior to the year ended december 31 , 2011 .', 'we are also subject to audit by the canada revenue agency and provincial authorities generally for periods subsequent to may 2012 related to entities acquired or formed in connection with acquisitions , and by the u.k . 2019s hm revenue & customs for periods subsequent to august 2012 related to entities acquired or formed in connection with acquisitions .', 'at december 31 , 2017 , we had a net operating loss ( 201cnol 201d ) carryforward related to the reit of $ 448475000 .', 'due to our uncertainty regarding the realization of certain deferred tax assets , we have not recorded a deferred tax asset related to nols generated by the reit .', 'these amounts can be used to offset future taxable income ( and/or taxable income for prior years if an audit determines that tax is owed ) , if any .', 'the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid .', 'the nol carryforwards generated through december 31 , 2017 will expire through 2036 .', 'beginning with tax years after december 31 , 2017 , the tax cuts and jobs act ( 201ctax act 201d ) eliminates the carryback period , limits the nols to 80% ( 80 % ) of taxable income and replaces the 20-year carryforward period with an indefinite carryforward period. .'] | 0.76081 | WELL/2017/page_116.pdf-4 | ['welltower inc .', 'notes to consolidated financial statements is no longer present ( and additional weight may be given to subjective evidence such as our projections for growth ) .', 'the valuation allowance rollforward is summarized as follows for the periods presented ( in thousands ) : year ended december 31 , 2017 2016 2015 .'] | ['as a result of certain acquisitions , we are subject to corporate level taxes for any related asset dispositions that may occur during the five-year period immediately after such assets were owned by a c corporation ( 201cbuilt-in gains tax 201d ) .', 'the amount of income potentially subject to this special corporate level tax is generally equal to the lesser of ( a ) the excess of the fair value of the asset over its adjusted tax basis as of the date it became a reit asset , or ( b ) the actual amount of gain .', 'some but not all gains recognized during this period of time could be offset by available net operating losses and capital loss carryforwards .', 'during the year ended december 31 , 2016 , we acquired certain additional assets with built-in gains as of the date of acquisition that could be subject to the built-in gains tax if disposed of prior to the expiration of the applicable ten-year period .', 'we have not recorded a deferred tax liability as a result of the potential built-in gains tax based on our intentions with respect to such properties and available tax planning strategies .', 'under the provisions of the reit investment diversification and empowerment act of 2007 ( 201cridea 201d ) , for taxable years beginning after july 30 , 2008 , the reit may lease 201cqualified health care properties 201d on an arm 2019s-length basis to a trs if the property is operated on behalf of such subsidiary by a person who qualifies as an 201celigible independent contractor . 201d generally , the rent received from the trs will meet the related party rent exception and will be treated as 201crents from real property . 201d a 201cqualified health care property 201d includes real property and any personal property that is , or is necessary or incidental to the use of , a hospital , nursing facility , assisted living facility , congregate care facility , qualified continuing care facility , or other licensed facility which extends medical or nursing or ancillary services to patients .', 'we have entered into various joint ventures that were structured under ridea .', 'resident level rents and related operating expenses for these facilities are reported in the consolidated financial statements and are subject to federal , state and foreign income taxes as the operations of such facilities are included in a trs .', 'certain net operating loss carryforwards could be utilized to offset taxable income in future years .', 'given the applicable statute of limitations , we generally are subject to audit by the internal revenue service ( 201cirs 201d ) for the year ended december 31 , 2014 and subsequent years .', 'the statute of limitations may vary in the states in which we own properties or conduct business .', 'we do not expect to be subject to audit by state taxing authorities for any year prior to the year ended december 31 , 2011 .', 'we are also subject to audit by the canada revenue agency and provincial authorities generally for periods subsequent to may 2012 related to entities acquired or formed in connection with acquisitions , and by the u.k . 2019s hm revenue & customs for periods subsequent to august 2012 related to entities acquired or formed in connection with acquisitions .', 'at december 31 , 2017 , we had a net operating loss ( 201cnol 201d ) carryforward related to the reit of $ 448475000 .', 'due to our uncertainty regarding the realization of certain deferred tax assets , we have not recorded a deferred tax asset related to nols generated by the reit .', 'these amounts can be used to offset future taxable income ( and/or taxable income for prior years if an audit determines that tax is owed ) , if any .', 'the reit will be entitled to utilize nols and tax credit carryforwards only to the extent that reit taxable income exceeds our deduction for dividends paid .', 'the nol carryforwards generated through december 31 , 2017 will expire through 2036 .', 'beginning with tax years after december 31 , 2017 , the tax cuts and jobs act ( 201ctax act 201d ) eliminates the carryback period , limits the nols to 80% ( 80 % ) of taxable income and replaces the 20-year carryforward period with an indefinite carryforward period. .'] | ========================================
Row 1: 2016, year ended december 31 2017 2016, year ended december 31 2017 2016, year ended december 31 2017
Row 2: beginning balance, $ 96838, $ 98966, $ 85207
Row 3: expense ( benefit ), 30445, -2128 ( 2128 ), 13759
Row 4: ending balance, $ 127283, $ 96838, $ 98966
======================================== | divide(96838, 127283) | 0.76081 |
what was the percentage change in the working capital from 2006 to 2007 | Background: ['new accounting pronouncements information regarding new accounting pronouncements is included in note 1 to the consolidated financial statements .', 'financial condition and liquidity the company generates significant ongoing cash flow .', 'increases in long-term debt have been used , in part , to fund share repurchase activities and acquisitions .', 'on november 15 , 2007 , 3m ( safety , security and protection services business ) announced that it had entered into a definitive agreement for 3m 2019s acquisition of 100 percent of the outstanding shares of aearo holding corp .', 'e83a a global leader in the personal protection industry that manufactures and markets personal protection and energy absorbing products e83a for approximately $ 1.2 billion .', 'the sale is expected to close towards the end of the first quarter of 2008 .', 'at december 31 .']
Tabular Data:
========================================
( millions ), 2007, 2006, 2005
total debt, $ 4920, $ 3553, $ 2381
less : cash cash equivalents and marketable securities, 2955, 2084, 1072
net debt, $ 1965, $ 1469, $ 1309
========================================
Additional Information: ['cash , cash equivalents and marketable securities at december 31 , 2007 totaled approximately $ 3 billion , helped by strong cash flow generation and by the timing of debt issuances .', 'at december 31 , 2006 , cash balances were higher due to the significant pharmaceuticals sales proceeds received in december 2006 .', '3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures .', 'the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs .', 'the company does not utilize derivative instruments linked to the company 2019s stock .', 'however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 10 in this document ) .', 'the company 2019s financial condition and liquidity are strong .', 'various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month to month depending on short-term liquidity needs .', 'working capital ( defined as current assets minus current liabilities ) totaled $ 4.476 billion at december 31 , 2007 , compared with $ 1.623 billion at december 31 , 2006 .', 'working capital was higher primarily due to increases in cash and cash equivalents , short-term marketable securities , receivables and inventories and decreases in short-term debt and accrued income taxes .', 'the company 2019s liquidity remains strong , with cash , cash equivalents and marketable securities at december 31 , 2007 totaling approximately $ 3 billion .', 'primary short-term liquidity needs are provided through u.s .', 'commercial paper and euro commercial paper issuances .', 'as of december 31 , 2007 , outstanding total commercial paper issued totaled $ 349 million and averaged $ 1.249 billion during 2007 .', 'the company believes it unlikely that its access to the commercial paper market will be restricted .', 'in june 2007 , the company established a medium-term notes program through which up to $ 3 billion of medium-term notes may be offered , with remaining shelf borrowing capacity of $ 2.5 billion as of december 31 , 2007 .', 'on april 30 , 2007 , the company replaced its $ 565-million credit facility with a new $ 1.5-billion five-year credit facility , which has provisions for the company to request an increase of the facility up to $ 2 billion ( at the lenders 2019 discretion ) , and providing for up to $ 150 million in letters of credit .', 'as of december 31 , 2007 , there are $ 110 million in letters of credit drawn against the facility .', 'at december 31 , 2007 , available short-term committed lines of credit internationally totaled approximately $ 67 million , of which $ 13 million was utilized .', 'debt covenants do not restrict the payment of dividends .', 'the company has a "well-known seasoned issuer" shelf registration statement , effective february 24 , 2006 , to register an indeterminate amount of debt or equity securities for future sales .', 'the company intends to use the proceeds from future securities sales off this shelf for general corporate purposes .', 'at december 31 , 2007 , certain debt agreements ( $ 350 million of dealer remarketable securities and $ 87 million of esop debt ) had ratings triggers ( bbb-/baa3 or lower ) that would require repayment of debt .', 'the company has an aa credit rating , with a stable outlook , from standard & poor 2019s and an aa1 credit rating , with a negative outlook , from moody 2019s investors service .', 'in addition , under the $ 1.5-billion five-year credit facility agreement , 3m is required to maintain its ebitda to interest ratio as of the end of each fiscal quarter at not less than 3.0 to 1 .', 'this is calculated ( as defined in the agreement ) as the ratio of consolidated total ebitda for the four consecutive quarters then ended to total interest expense on all funded debt for the same period .', 'at december 31 , 2007 , this ratio was approximately 35 to 1. .'] | 1.75786 | MMM/2007/page_36.pdf-2 | ['new accounting pronouncements information regarding new accounting pronouncements is included in note 1 to the consolidated financial statements .', 'financial condition and liquidity the company generates significant ongoing cash flow .', 'increases in long-term debt have been used , in part , to fund share repurchase activities and acquisitions .', 'on november 15 , 2007 , 3m ( safety , security and protection services business ) announced that it had entered into a definitive agreement for 3m 2019s acquisition of 100 percent of the outstanding shares of aearo holding corp .', 'e83a a global leader in the personal protection industry that manufactures and markets personal protection and energy absorbing products e83a for approximately $ 1.2 billion .', 'the sale is expected to close towards the end of the first quarter of 2008 .', 'at december 31 .'] | ['cash , cash equivalents and marketable securities at december 31 , 2007 totaled approximately $ 3 billion , helped by strong cash flow generation and by the timing of debt issuances .', 'at december 31 , 2006 , cash balances were higher due to the significant pharmaceuticals sales proceeds received in december 2006 .', '3m believes its ongoing cash flows provide ample cash to fund expected investments and capital expenditures .', 'the company has sufficient access to capital markets to meet currently anticipated growth and acquisition investment funding needs .', 'the company does not utilize derivative instruments linked to the company 2019s stock .', 'however , the company does have contingently convertible debt that , if conditions for conversion are met , is convertible into shares of 3m common stock ( refer to note 10 in this document ) .', 'the company 2019s financial condition and liquidity are strong .', 'various assets and liabilities , including cash and short-term debt , can fluctuate significantly from month to month depending on short-term liquidity needs .', 'working capital ( defined as current assets minus current liabilities ) totaled $ 4.476 billion at december 31 , 2007 , compared with $ 1.623 billion at december 31 , 2006 .', 'working capital was higher primarily due to increases in cash and cash equivalents , short-term marketable securities , receivables and inventories and decreases in short-term debt and accrued income taxes .', 'the company 2019s liquidity remains strong , with cash , cash equivalents and marketable securities at december 31 , 2007 totaling approximately $ 3 billion .', 'primary short-term liquidity needs are provided through u.s .', 'commercial paper and euro commercial paper issuances .', 'as of december 31 , 2007 , outstanding total commercial paper issued totaled $ 349 million and averaged $ 1.249 billion during 2007 .', 'the company believes it unlikely that its access to the commercial paper market will be restricted .', 'in june 2007 , the company established a medium-term notes program through which up to $ 3 billion of medium-term notes may be offered , with remaining shelf borrowing capacity of $ 2.5 billion as of december 31 , 2007 .', 'on april 30 , 2007 , the company replaced its $ 565-million credit facility with a new $ 1.5-billion five-year credit facility , which has provisions for the company to request an increase of the facility up to $ 2 billion ( at the lenders 2019 discretion ) , and providing for up to $ 150 million in letters of credit .', 'as of december 31 , 2007 , there are $ 110 million in letters of credit drawn against the facility .', 'at december 31 , 2007 , available short-term committed lines of credit internationally totaled approximately $ 67 million , of which $ 13 million was utilized .', 'debt covenants do not restrict the payment of dividends .', 'the company has a "well-known seasoned issuer" shelf registration statement , effective february 24 , 2006 , to register an indeterminate amount of debt or equity securities for future sales .', 'the company intends to use the proceeds from future securities sales off this shelf for general corporate purposes .', 'at december 31 , 2007 , certain debt agreements ( $ 350 million of dealer remarketable securities and $ 87 million of esop debt ) had ratings triggers ( bbb-/baa3 or lower ) that would require repayment of debt .', 'the company has an aa credit rating , with a stable outlook , from standard & poor 2019s and an aa1 credit rating , with a negative outlook , from moody 2019s investors service .', 'in addition , under the $ 1.5-billion five-year credit facility agreement , 3m is required to maintain its ebitda to interest ratio as of the end of each fiscal quarter at not less than 3.0 to 1 .', 'this is calculated ( as defined in the agreement ) as the ratio of consolidated total ebitda for the four consecutive quarters then ended to total interest expense on all funded debt for the same period .', 'at december 31 , 2007 , this ratio was approximately 35 to 1. .'] | ========================================
( millions ), 2007, 2006, 2005
total debt, $ 4920, $ 3553, $ 2381
less : cash cash equivalents and marketable securities, 2955, 2084, 1072
net debt, $ 1965, $ 1469, $ 1309
======================================== | subtract(4.476, 1.623), divide(#0, 1.623) | 1.75786 |
what was the difference in millions of amortization expense between 2014 and 2015? | Pre-text: ['amortization expense , which is included in selling , general and administrative expenses , was $ 13.0 million , $ 13.9 million and $ 8.5 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .', 'the following is the estimated amortization expense for the company 2019s intangible assets as of december 31 , 2016 : ( in thousands ) .']
--
Table:
========================================
2017 $ 10509
2018 9346
2019 9240
2020 7201
2021 5318
2022 and thereafter 16756
amortization expense of intangible assets $ 58370
========================================
--
Post-table: ['at december 31 , 2016 , 2015 and 2014 , the company determined that its goodwill and indefinite- lived intangible assets were not impaired .', '5 .', 'credit facility and other long term debt credit facility the company is party to a credit agreement that provides revolving commitments for up to $ 1.25 billion of borrowings , as well as term loan commitments , in each case maturing in january 2021 .', 'as of december 31 , 2016 there was no outstanding balance under the revolving credit facility and $ 186.3 million of term loan borrowings remained outstanding .', 'at the company 2019s request and the lender 2019s consent , revolving and or term loan borrowings may be increased by up to $ 300.0 million in aggregate , subject to certain conditions as set forth in the credit agreement , as amended .', 'incremental borrowings are uncommitted and the availability thereof , will depend on market conditions at the time the company seeks to incur such borrowings .', 'the borrowings under the revolving credit facility have maturities of less than one year .', 'up to $ 50.0 million of the facility may be used for the issuance of letters of credit .', 'there were $ 2.6 million of letters of credit outstanding as of december 31 , 2016 .', 'the credit agreement contains negative covenants that , subject to significant exceptions , limit the ability of the company and its subsidiaries to , among other things , incur additional indebtedness , make restricted payments , pledge their assets as security , make investments , loans , advances , guarantees and acquisitions , undergo fundamental changes and enter into transactions with affiliates .', 'the company is also required to maintain a ratio of consolidated ebitda , as defined in the credit agreement , to consolidated interest expense of not less than 3.50 to 1.00 and is not permitted to allow the ratio of consolidated total indebtedness to consolidated ebitda to be greater than 3.25 to 1.00 ( 201cconsolidated leverage ratio 201d ) .', 'as of december 31 , 2016 , the company was in compliance with these ratios .', 'in addition , the credit agreement contains events of default that are customary for a facility of this nature , and includes a cross default provision whereby an event of default under other material indebtedness , as defined in the credit agreement , will be considered an event of default under the credit agreement .', 'borrowings under the credit agreement bear interest at a rate per annum equal to , at the company 2019s option , either ( a ) an alternate base rate , or ( b ) a rate based on the rates applicable for deposits in the interbank market for u.s .', 'dollars or the applicable currency in which the loans are made ( 201cadjusted libor 201d ) , plus in each case an applicable margin .', 'the applicable margin for loans will .'] | 5.4 | UAA/2016/page_80.pdf-2 | ['amortization expense , which is included in selling , general and administrative expenses , was $ 13.0 million , $ 13.9 million and $ 8.5 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .', 'the following is the estimated amortization expense for the company 2019s intangible assets as of december 31 , 2016 : ( in thousands ) .'] | ['at december 31 , 2016 , 2015 and 2014 , the company determined that its goodwill and indefinite- lived intangible assets were not impaired .', '5 .', 'credit facility and other long term debt credit facility the company is party to a credit agreement that provides revolving commitments for up to $ 1.25 billion of borrowings , as well as term loan commitments , in each case maturing in january 2021 .', 'as of december 31 , 2016 there was no outstanding balance under the revolving credit facility and $ 186.3 million of term loan borrowings remained outstanding .', 'at the company 2019s request and the lender 2019s consent , revolving and or term loan borrowings may be increased by up to $ 300.0 million in aggregate , subject to certain conditions as set forth in the credit agreement , as amended .', 'incremental borrowings are uncommitted and the availability thereof , will depend on market conditions at the time the company seeks to incur such borrowings .', 'the borrowings under the revolving credit facility have maturities of less than one year .', 'up to $ 50.0 million of the facility may be used for the issuance of letters of credit .', 'there were $ 2.6 million of letters of credit outstanding as of december 31 , 2016 .', 'the credit agreement contains negative covenants that , subject to significant exceptions , limit the ability of the company and its subsidiaries to , among other things , incur additional indebtedness , make restricted payments , pledge their assets as security , make investments , loans , advances , guarantees and acquisitions , undergo fundamental changes and enter into transactions with affiliates .', 'the company is also required to maintain a ratio of consolidated ebitda , as defined in the credit agreement , to consolidated interest expense of not less than 3.50 to 1.00 and is not permitted to allow the ratio of consolidated total indebtedness to consolidated ebitda to be greater than 3.25 to 1.00 ( 201cconsolidated leverage ratio 201d ) .', 'as of december 31 , 2016 , the company was in compliance with these ratios .', 'in addition , the credit agreement contains events of default that are customary for a facility of this nature , and includes a cross default provision whereby an event of default under other material indebtedness , as defined in the credit agreement , will be considered an event of default under the credit agreement .', 'borrowings under the credit agreement bear interest at a rate per annum equal to , at the company 2019s option , either ( a ) an alternate base rate , or ( b ) a rate based on the rates applicable for deposits in the interbank market for u.s .', 'dollars or the applicable currency in which the loans are made ( 201cadjusted libor 201d ) , plus in each case an applicable margin .', 'the applicable margin for loans will .'] | ========================================
2017 $ 10509
2018 9346
2019 9240
2020 7201
2021 5318
2022 and thereafter 16756
amortization expense of intangible assets $ 58370
======================================== | subtract(13.9, 8.5) | 5.4 |
what is the total fair value of the non vested units as of december 31 , 2009 , ( in millions ) ? | Pre-text: ['during 2009 , the company extended the contractual life of 4 million fully vested share options held by 6 employees .', 'as a result of that modification , the company recognized additional compensation expense of $ 1 million for the year ended december 31 , 2009 .', 'restricted stock units ( 201crsus 201d ) performance-based rsus .', 'the company grants performance-based rsus to the company 2019s executive officers and certain employees once per year .', 'the company may also grant performance-based rsus to certain new employees or to employees who assume positions of increasing responsibility at the time those events occur .', 'the number of performance-based rsus that ultimately vest is dependent on one or both of the following as per the terms of the specific award agreement : the achievement of 1 ) internal profitability targets ( performance condition ) and 2 ) market performance targets measured by the comparison of the company 2019s stock performance versus a defined peer group ( market condition ) .', 'the performance-based rsus generally cliff-vest during the company 2019s quarter-end september 30 black-out period three years from the date of grant .', 'the ultimate number of shares of the company 2019s series a common stock issued will range from zero to stretch , with stretch defined individually under each award , net of personal income taxes withheld .', 'the market condition is factored into the estimated fair value per unit and compensation expense for each award will be based on the probability of achieving internal profitability targets , as applicable , and recognized on a straight-line basis over the term of the respective grant , less estimated forfeitures .', 'for performance-based rsus granted without a performance condition , compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .', 'in april 2007 , the company granted performance-based rsus to certain employees that vest annually in equal tranches beginning october 1 , 2008 through october 1 , 2011 and include a market condition .', 'the performance- based rsus awarded include a catch-up provision that provides for an additional year of vesting of previously unvested amounts , subject to certain maximums .', 'compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .', 'a summary of changes in performance-based rsus outstanding is as follows : number of weighted average fair value ( in thousands ) ( in $ ) .']
Data Table:
========================================
| number of units ( in thousands ) | weighted average fair value ( in $ )
----------|----------|----------
nonvested at december 31 2008 | 1188 | 19.65
granted | 420 | 38.16
vested | -79 ( 79 ) | 21.30
forfeited | -114 ( 114 ) | 17.28
nonvested at december 31 2009 | 1415 | 25.24
========================================
Follow-up: ['the fair value of shares vested for performance-based rsus during the years ended december 31 , 2009 and 2008 was $ 2 million and $ 3 million , respectively .', 'there were no vestings that occurred during the year ended december 31 , 2007 .', 'fair value for the company 2019s performance-based rsus was estimated at the grant date using a monte carlo simulation approach .', 'monte carlo simulation was utilized to randomly generate future stock returns for the company and each company in the defined peer group for each grant based on company-specific dividend yields , volatilities and stock return correlations .', 'these returns were used to calculate future performance-based rsu vesting percentages and the simulated values of the vested performance-based rsus were then discounted to present value using a risk-free rate , yielding the expected value of these performance-based rsus .', '%%transmsg*** transmitting job : d70731 pcn : 119000000 ***%%pcmsg|119 |00016|yes|no|02/10/2010 16:17|0|0|page is valid , no graphics -- color : n| .'] | 35.7146 | CE/2009/page_121.pdf-2 | ['during 2009 , the company extended the contractual life of 4 million fully vested share options held by 6 employees .', 'as a result of that modification , the company recognized additional compensation expense of $ 1 million for the year ended december 31 , 2009 .', 'restricted stock units ( 201crsus 201d ) performance-based rsus .', 'the company grants performance-based rsus to the company 2019s executive officers and certain employees once per year .', 'the company may also grant performance-based rsus to certain new employees or to employees who assume positions of increasing responsibility at the time those events occur .', 'the number of performance-based rsus that ultimately vest is dependent on one or both of the following as per the terms of the specific award agreement : the achievement of 1 ) internal profitability targets ( performance condition ) and 2 ) market performance targets measured by the comparison of the company 2019s stock performance versus a defined peer group ( market condition ) .', 'the performance-based rsus generally cliff-vest during the company 2019s quarter-end september 30 black-out period three years from the date of grant .', 'the ultimate number of shares of the company 2019s series a common stock issued will range from zero to stretch , with stretch defined individually under each award , net of personal income taxes withheld .', 'the market condition is factored into the estimated fair value per unit and compensation expense for each award will be based on the probability of achieving internal profitability targets , as applicable , and recognized on a straight-line basis over the term of the respective grant , less estimated forfeitures .', 'for performance-based rsus granted without a performance condition , compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .', 'in april 2007 , the company granted performance-based rsus to certain employees that vest annually in equal tranches beginning october 1 , 2008 through october 1 , 2011 and include a market condition .', 'the performance- based rsus awarded include a catch-up provision that provides for an additional year of vesting of previously unvested amounts , subject to certain maximums .', 'compensation expense is based on the fair value per unit recognized on a straight-line basis over the term of the grant , less estimated forfeitures .', 'a summary of changes in performance-based rsus outstanding is as follows : number of weighted average fair value ( in thousands ) ( in $ ) .'] | ['the fair value of shares vested for performance-based rsus during the years ended december 31 , 2009 and 2008 was $ 2 million and $ 3 million , respectively .', 'there were no vestings that occurred during the year ended december 31 , 2007 .', 'fair value for the company 2019s performance-based rsus was estimated at the grant date using a monte carlo simulation approach .', 'monte carlo simulation was utilized to randomly generate future stock returns for the company and each company in the defined peer group for each grant based on company-specific dividend yields , volatilities and stock return correlations .', 'these returns were used to calculate future performance-based rsu vesting percentages and the simulated values of the vested performance-based rsus were then discounted to present value using a risk-free rate , yielding the expected value of these performance-based rsus .', '%%transmsg*** transmitting job : d70731 pcn : 119000000 ***%%pcmsg|119 |00016|yes|no|02/10/2010 16:17|0|0|page is valid , no graphics -- color : n| .'] | ========================================
| number of units ( in thousands ) | weighted average fair value ( in $ )
----------|----------|----------
nonvested at december 31 2008 | 1188 | 19.65
granted | 420 | 38.16
vested | -79 ( 79 ) | 21.30
forfeited | -114 ( 114 ) | 17.28
nonvested at december 31 2009 | 1415 | 25.24
======================================== | multiply(1415, const_1000), multiply(#0, 25.24), divide(#1, const_1000000) | 35.7146 |
what was the percentage change in the gross unrecognized tax benefits in 2010 | Pre-text: ['31mar201122064257 notes to consolidated financial statements ( continued ) 10 .', 'income taxes ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .']
--
Data Table:
****************************************
balance at october 2 2009, $ 8859
increases based on positions related to prior years, 437
increases based on positions related to current year, 11221
decreases relating to settlements with taxing authorities, 2014
decreases relating to lapses of applicable statutes of limitations, -617 ( 617 )
balance at october 1 2010, $ 19900
****************************************
--
Post-table: ['the company 2019s major tax jurisdictions as of october 1 , 2010 are the united states , california , and iowa .', 'for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes .', 'for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes .', 'during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized .', 'the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense .', 'the company did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 .', '11 .', 'stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .', 'holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .', 'dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .', 'in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .', 'each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .', 'no holder of common stock is entitled to cumulate votes in voting for directors .', 'the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements .', 'the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 .', 'as of november 29 , 2010 , the skyworks / 2010 annual report 137 .'] | 1.2463 | SWKS/2010/page_139.pdf-2 | ['31mar201122064257 notes to consolidated financial statements ( continued ) 10 .', 'income taxes ( continued ) a reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows ( in thousands ) : .'] | ['the company 2019s major tax jurisdictions as of october 1 , 2010 are the united states , california , and iowa .', 'for the united states , the company has open tax years dating back to fiscal year 1998 due to the carry forward of tax attributes .', 'for california and iowa , the company has open tax years dating back to fiscal year 2002 due to the carry forward of tax attributes .', 'during the year ended october 1 , 2010 , $ 0.6 million of previously unrecognized tax benefits related to the expiration of the statute of limitations period were recognized .', 'the company 2019s policy is to recognize accrued interest and penalties , if incurred , on any unrecognized tax benefits as a component of income tax expense .', 'the company did not incur any significant accrued interest or penalties related to unrecognized tax benefits during fiscal year 2010 .', '11 .', 'stockholders 2019 equity common stock the company is authorized to issue ( 1 ) 525000000 shares of common stock , par value $ 0.25 per share , and ( 2 ) 25000000 shares of preferred stock , without par value .', 'holders of the company 2019s common stock are entitled to such dividends as may be declared by the company 2019s board of directors out of funds legally available for such purpose .', 'dividends may not be paid on common stock unless all accrued dividends on preferred stock , if any , have been paid or declared and set aside .', 'in the event of the company 2019s liquidation , dissolution or winding up , the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock .', 'each holder of the company 2019s common stock is entitled to one vote for each such share outstanding in the holder 2019s name .', 'no holder of common stock is entitled to cumulate votes in voting for directors .', 'the company 2019s second amended and restated certificate of incorporation provides that , unless otherwise determined by the company 2019s board of directors , no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the company may issue or on august 3 , 2010 , the company 2019s board of directors approved a stock repurchase program , pursuant to which the company is authorized to repurchase up to $ 200 million of the company 2019s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements .', 'the company had not repurchased any shares under the program for the fiscal year ended october 1 , 2010 .', 'as of november 29 , 2010 , the skyworks / 2010 annual report 137 .'] | ****************************************
balance at october 2 2009, $ 8859
increases based on positions related to prior years, 437
increases based on positions related to current year, 11221
decreases relating to settlements with taxing authorities, 2014
decreases relating to lapses of applicable statutes of limitations, -617 ( 617 )
balance at october 1 2010, $ 19900
**************************************** | subtract(19900, 8859), divide(#0, 8859) | 1.2463 |
for the quarter ended september 30 , 2013 what was the total number of shares purchased in august | Context: ['additionally , in october 2013 , our board of directors declared a quarterly cash dividend of $ 0.40 per share of class a common stock ( determined in the case of class b and c common stock , on an as-converted basis ) payable on december 3 , 2013 , to holders of record as of november 15 , 2013 of our class a , b and c common stock .', 'subject to legally available funds , we expect to continue paying quarterly cash dividends on our outstanding class a , b and c common stock in the future .', 'however , the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors , including , but not limited to , our financial condition , settlement indemnifications , operating results , available cash and current and anticipated cash needs .', 'issuer purchases of equity securities the table below sets forth the information with respect to purchases of the company 2019s common stock made by or on behalf of the company during the quarter ended september 30 , 2013 .', 'period number of shares purchased ( 1 ) average price paid per share number of shares purchased as part of publicly announced plans or programs ( 2 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( 2 ) .']
Data Table:
period | ( a ) totalnumber ofsharespurchased ( 1 ) | ( b ) averageprice paidper share | ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) | ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 )
----------|----------|----------|----------|----------
july 1-31 2013 | 745148 | $ 183.69 | 744500 | $ 1424252596
august 1-31 2013 | 6640563 | $ 176.78 | 6638189 | $ 250658812
september 1-30 2013 | 2014 | $ 2014 | 2014 | $ 250658812
total | 7385711 | $ 177.47 | 7382689 |
Follow-up: ['( 1 ) includes 3022 shares of class a common stock withheld at an average price of $ 182.50 per share ( per the terms of grants under the visa 2007 equity incentive compensation plan ) to offset tax withholding obligations that occur upon vesting and release of restricted shares .', '( 2 ) the figures in the table reflect transactions according to the trade dates .', 'for purposes of our consolidated financial statements included in this form 10-k , the impact of these repurchases is recorded according to the settlement dates .', 'in october 2013 , the company 2019s board of directors authorized an additional $ 5.0 billion share repurchase program. .'] | 0.89911 | V/2013/page_41.pdf-1 | ['additionally , in october 2013 , our board of directors declared a quarterly cash dividend of $ 0.40 per share of class a common stock ( determined in the case of class b and c common stock , on an as-converted basis ) payable on december 3 , 2013 , to holders of record as of november 15 , 2013 of our class a , b and c common stock .', 'subject to legally available funds , we expect to continue paying quarterly cash dividends on our outstanding class a , b and c common stock in the future .', 'however , the declaration and payment of future dividends is at the sole discretion of our board of directors after taking into account various factors , including , but not limited to , our financial condition , settlement indemnifications , operating results , available cash and current and anticipated cash needs .', 'issuer purchases of equity securities the table below sets forth the information with respect to purchases of the company 2019s common stock made by or on behalf of the company during the quarter ended september 30 , 2013 .', 'period number of shares purchased ( 1 ) average price paid per share number of shares purchased as part of publicly announced plans or programs ( 2 ) approximate dollar value of shares that may yet be purchased under the plans or programs ( 2 ) .'] | ['( 1 ) includes 3022 shares of class a common stock withheld at an average price of $ 182.50 per share ( per the terms of grants under the visa 2007 equity incentive compensation plan ) to offset tax withholding obligations that occur upon vesting and release of restricted shares .', '( 2 ) the figures in the table reflect transactions according to the trade dates .', 'for purposes of our consolidated financial statements included in this form 10-k , the impact of these repurchases is recorded according to the settlement dates .', 'in october 2013 , the company 2019s board of directors authorized an additional $ 5.0 billion share repurchase program. .'] | period | ( a ) totalnumber ofsharespurchased ( 1 ) | ( b ) averageprice paidper share | ( c ) totalnumber ofsharespurchasedas part ofpubliclyannouncedplans orprograms ( 2 ) | ( d ) approximatedollar valueof shares thatmay yet bepurchasedunder the plans orprograms ( 2 )
----------|----------|----------|----------|----------
july 1-31 2013 | 745148 | $ 183.69 | 744500 | $ 1424252596
august 1-31 2013 | 6640563 | $ 176.78 | 6638189 | $ 250658812
september 1-30 2013 | 2014 | $ 2014 | 2014 | $ 250658812
total | 7385711 | $ 177.47 | 7382689 | | divide(6640563, 7385711) | 0.89911 |
what percentage of scheduled maturities of total debt at december 31 , 2001 are due in 2005? | Background: ['in march 2000 , the company entered into an $ 850 million revolving credit agreement with a syndicate of banks , which provides for a combination of either loans or letters of credit up to the maximum borrowing capacity .', 'loans under the facility bear interest at either prime plus a spread of 0.50% ( 0.50 % ) or libor plus a spread of 2% ( 2 % ) .', 'such spreads are subject to adjustment based on the company 2019s credit ratings and the term remaining to maturity .', 'this facility replaced the company 2019s then existing separate $ 600 million revolving credit facility and $ 250 million letter of credit facilities .', 'as of december 31 , 2001 , $ 496 million was available .', 'commitment fees on the facility at december 31 , 2001 were .50% ( .50 % ) per annum .', 'the company 2019s recourse debt borrowings are unsecured obligations of the company .', 'in may 2001 , the company issued $ 200 million of remarketable or redeemable securities ( 2018 2018roars 2019 2019 ) .', 'the roars are scheduled to mature on june 15 , 2013 , but such maturity date may be adjusted to a date , which shall be no later than june 15 , 2014 .', 'on the first remarketing date ( june 15 , 2003 ) or subsequent remarketing dates thereafter , the remarketing agent , or the company , may elect to redeem the roars at 100% ( 100 % ) of the aggregate principal amount and unpaid interest , plus a premium in certain circumstances .', 'the company at its option , may also redeem the roars subsequent to the first remarketing date at any time .', 'interest on the roars accrues at 7.375% ( 7.375 % ) until the first remarketing date , and thereafter is set annually based on market rate bids , with a floor of 5.5% ( 5.5 % ) .', 'the roars are senior notes .', 'the junior subordinate debentures are convertible into common stock of the company at the option of the holder at any time at or before maturity , unless previously redeemed , at a conversion price of $ 27.00 per share .', 'future maturities of debt 2014scheduled maturities of total debt at december 31 , 2001 , are ( in millions ) : .']
Table:
----------------------------------------
2002 | $ 2672
----------|----------
2003 | 2323
2004 | 1255
2005 | 1819
2006 | 1383
thereafter | 12806
total | $ 22258
----------------------------------------
Post-table: ['covenants 2014the terms of the company 2019s recourse debt , including the revolving bank loan , senior and subordinated notes contain certain restrictive financial and non-financial covenants .', 'the financial covenants provide for , among other items , maintenance of a minimum consolidated net worth , minimum consolidated cash flow coverage ratio and minimum ratio of recourse debt to recourse capital .', 'the non-financial covenants include limitations on incurrence of additional debt and payments of dividends to stockholders .', 'in addition , the company 2019s revolver contains provisions regarding events of default that could be caused by events of default in other debt of aes and certain of its significant subsidiaries , as defined in the agreement .', 'the terms of the company 2019s non-recourse debt , which is debt held at subsidiaries , include certain financial and non-financial covenants .', 'these covenants are limited to subsidiary activity and vary among the subsidiaries .', 'these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness .', 'as of december 31 , 2001 , approximately $ 442 million of restricted cash was maintained in accordance with certain covenants of the debt agreements , and these amounts were included within debt service reserves and other deposits in the consolidated balance sheets .', 'various lender and governmental provisions restrict the ability of the company 2019s subsidiaries to transfer retained earnings to the parent company .', 'such restricted retained earnings of subsidiaries amounted to approximately $ 6.5 billion at december 31 , 2001. .'] | 0.08172 | AES/2001/page_85.pdf-4 | ['in march 2000 , the company entered into an $ 850 million revolving credit agreement with a syndicate of banks , which provides for a combination of either loans or letters of credit up to the maximum borrowing capacity .', 'loans under the facility bear interest at either prime plus a spread of 0.50% ( 0.50 % ) or libor plus a spread of 2% ( 2 % ) .', 'such spreads are subject to adjustment based on the company 2019s credit ratings and the term remaining to maturity .', 'this facility replaced the company 2019s then existing separate $ 600 million revolving credit facility and $ 250 million letter of credit facilities .', 'as of december 31 , 2001 , $ 496 million was available .', 'commitment fees on the facility at december 31 , 2001 were .50% ( .50 % ) per annum .', 'the company 2019s recourse debt borrowings are unsecured obligations of the company .', 'in may 2001 , the company issued $ 200 million of remarketable or redeemable securities ( 2018 2018roars 2019 2019 ) .', 'the roars are scheduled to mature on june 15 , 2013 , but such maturity date may be adjusted to a date , which shall be no later than june 15 , 2014 .', 'on the first remarketing date ( june 15 , 2003 ) or subsequent remarketing dates thereafter , the remarketing agent , or the company , may elect to redeem the roars at 100% ( 100 % ) of the aggregate principal amount and unpaid interest , plus a premium in certain circumstances .', 'the company at its option , may also redeem the roars subsequent to the first remarketing date at any time .', 'interest on the roars accrues at 7.375% ( 7.375 % ) until the first remarketing date , and thereafter is set annually based on market rate bids , with a floor of 5.5% ( 5.5 % ) .', 'the roars are senior notes .', 'the junior subordinate debentures are convertible into common stock of the company at the option of the holder at any time at or before maturity , unless previously redeemed , at a conversion price of $ 27.00 per share .', 'future maturities of debt 2014scheduled maturities of total debt at december 31 , 2001 , are ( in millions ) : .'] | ['covenants 2014the terms of the company 2019s recourse debt , including the revolving bank loan , senior and subordinated notes contain certain restrictive financial and non-financial covenants .', 'the financial covenants provide for , among other items , maintenance of a minimum consolidated net worth , minimum consolidated cash flow coverage ratio and minimum ratio of recourse debt to recourse capital .', 'the non-financial covenants include limitations on incurrence of additional debt and payments of dividends to stockholders .', 'in addition , the company 2019s revolver contains provisions regarding events of default that could be caused by events of default in other debt of aes and certain of its significant subsidiaries , as defined in the agreement .', 'the terms of the company 2019s non-recourse debt , which is debt held at subsidiaries , include certain financial and non-financial covenants .', 'these covenants are limited to subsidiary activity and vary among the subsidiaries .', 'these covenants may include but are not limited to maintenance of certain reserves , minimum levels of working capital and limitations on incurring additional indebtedness .', 'as of december 31 , 2001 , approximately $ 442 million of restricted cash was maintained in accordance with certain covenants of the debt agreements , and these amounts were included within debt service reserves and other deposits in the consolidated balance sheets .', 'various lender and governmental provisions restrict the ability of the company 2019s subsidiaries to transfer retained earnings to the parent company .', 'such restricted retained earnings of subsidiaries amounted to approximately $ 6.5 billion at december 31 , 2001. .'] | ----------------------------------------
2002 | $ 2672
----------|----------
2003 | 2323
2004 | 1255
2005 | 1819
2006 | 1383
thereafter | 12806
total | $ 22258
---------------------------------------- | divide(1819, 22258) | 0.08172 |
by what percentage did the aeco natural gas sales index decline from 2011 to 2013? | Context: ['discount to brent was narrower in 2013 than in 2012 and 2011 .', 'as a result of the significant increase in u.s .', 'production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods .', 'composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays .', 'ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 .', 'natural gas 2013 a significant portion of our natural gas production in the u.s .', 'is sold at bid-week prices , or first-of-month indices relative to our specific producing areas .', 'average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 .', 'international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 .', 'natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g .', 'natural gas prices in europe have been considerably higher than the u.s .', 'in recent years .', 'in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile .', 'the natural gas sales from e.g .', 'are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements .', 'oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil .', 'output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .', 'sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs .', 'the wcs discount to wti has been increasing on average in each year presented below .', 'despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 .', 'the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .', 'per-unit costs are sensitive to production rates .', 'key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively .', 'the table below shows average benchmark prices that impact both our revenues and variable costs: .']
########
Data Table:
========================================
benchmark | 2013 | 2012 | 2011
----------|----------|----------|----------
wti crude oil ( dollars per bbl ) | $ 98.05 | $ 94.15 | $ 95.11
wcs ( dollars per bbl ) ( a ) | $ 72.77 | $ 73.18 | $ 77.97
aeco natural gas sales index ( dollars per mmbtu ) ( b ) | $ 3.08 | $ 2.39 | $ 3.68
========================================
########
Post-table: ['wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .', '( b ) monthly average day ahead index. .'] | -0.16304 | MRO/2013/page_40.pdf-2 | ['discount to brent was narrower in 2013 than in 2012 and 2011 .', 'as a result of the significant increase in u.s .', 'production of light sweet crude oil , the historical relationship between wti , brent and lls pricing may not be indicative of future periods .', 'composition 2013 the proportion of our liquid hydrocarbon sales volumes that are ngls continues to increase due to our development of united states unconventional liquids-rich plays .', 'ngls were 15 percent of our north america e&p liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011 .', 'natural gas 2013 a significant portion of our natural gas production in the u.s .', 'is sold at bid-week prices , or first-of-month indices relative to our specific producing areas .', 'average henry hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012 .', 'international e&p liquid hydrocarbons 2013 our international e&p crude oil production is relatively sweet and has historically sold in relation to the brent crude benchmark , which on average was 3 percent lower for 2013 than 2012 .', 'natural gas 2013 our major international e&p natural gas-producing regions are europe and e.g .', 'natural gas prices in europe have been considerably higher than the u.s .', 'in recent years .', 'in the case of e.g. , our natural gas sales are subject to term contracts , making realized prices in these areas less volatile .', 'the natural gas sales from e.g .', 'are at fixed prices ; therefore , our reported average international e&p natural gas realized prices may not fully track market price movements .', 'oil sands mining the oil sands mining segment produces and sells various qualities of synthetic crude oil .', 'output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .', 'sales prices for roughly two-thirds of the normal output mix has historically tracked movements in wti and one-third has historically tracked movements in the canadian heavy crude oil marker , primarily wcs .', 'the wcs discount to wti has been increasing on average in each year presented below .', 'despite a wider wcs discount in 2013 , our average oil sands mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012 .', 'the operating cost structure of the oil sands mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .', 'per-unit costs are sensitive to production rates .', 'key variable costs are natural gas and diesel fuel , which track commodity markets such as the aeco natural gas sales index and crude oil prices , respectively .', 'the table below shows average benchmark prices that impact both our revenues and variable costs: .'] | ['wcs ( dollars per bbl ) ( a ) $ 72.77 $ 73.18 $ 77.97 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 3.08 $ 2.39 $ 3.68 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .', '( b ) monthly average day ahead index. .'] | ========================================
benchmark | 2013 | 2012 | 2011
----------|----------|----------|----------
wti crude oil ( dollars per bbl ) | $ 98.05 | $ 94.15 | $ 95.11
wcs ( dollars per bbl ) ( a ) | $ 72.77 | $ 73.18 | $ 77.97
aeco natural gas sales index ( dollars per mmbtu ) ( b ) | $ 3.08 | $ 2.39 | $ 3.68
======================================== | subtract(3.08, 3.68), divide(#0, 3.68) | -0.16304 |
what was the sum of the annual long-term debt maturities due in five years | Pre-text: ['entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .', '( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .', '( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .', 'the contracts include a one-time fee for generation prior to april 7 , 1983 .', 'entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .', '( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations .', '( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year .', 'fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .', 'the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .']
----------
Table:
----------------------------------------
amount ( in thousands )
2016 $ 204079
2017 $ 766451
2018 $ 822690
2019 $ 768588
2020 $ 1631181
----------------------------------------
----------
Follow-up: ['in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .', 'entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .', 'these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .', 'in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .', 'this liability was recorded upon the purchase of indian point 2 in september 2001 .', 'as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .', 'with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement .', 'under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .', 'entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 .', 'entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .', 'entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 .', 'capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .'] | 4192989.0 | ETR/2015/page_131.pdf-2 | ['entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds .', '( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .', '( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service .', 'the contracts include a one-time fee for generation prior to april 7 , 1983 .', 'entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .', '( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations .', '( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year .', 'fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .', 'the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .'] | ['in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .', 'entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing .', 'these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) .', 'in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 .', 'this liability was recorded upon the purchase of indian point 2 in september 2001 .', 'as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .', 'with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement .', 'under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit .', 'entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 .', 'entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .', 'entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 .', 'capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .'] | ----------------------------------------
amount ( in thousands )
2016 $ 204079
2017 $ 766451
2018 $ 822690
2019 $ 768588
2020 $ 1631181
---------------------------------------- | add(204079, 766451), add(#0, 822690), add(#1, 768588), add(#2, 1631181) | 4192989.0 |
what was the net change in the number of environmental sites from 2011 to 2012? | Context: ['our environmental site activity was as follows : 2013 2012 2011 .']
##########
Tabular Data:
----------------------------------------
2013 2012 2011
open sites beginning balance 284 285 294
new sites 41 56 51
closed sites -57 ( 57 ) -57 ( 57 ) -60 ( 60 )
open sites ending balance atdecember 31 268 284 285
----------------------------------------
##########
Follow-up: ['the environmental liability includes future costs for remediation and restoration of sites , as well as ongoing monitoring costs , but excludes any anticipated recoveries from third parties .', 'cost estimates are based on information available for each site , financial viability of other 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 , 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 .', 'estimates of liability may vary over time due to changes in federal , state , and local laws governing environmental remediation .', 'current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity .', 'property and depreciation 2013 our railroad operations are highly capital intensive , and our large base of homogeneous , network-type assets turns over on a continuous basis .', 'each year we develop a capital program for the replacement of assets and for the acquisition or construction of assets that enable us to enhance our operations or provide new service offerings to customers .', 'assets purchased or constructed throughout the year are capitalized if they meet applicable minimum units of property criteria .', 'properties and equipment are carried at cost and are depreciated on a straight-line basis over their estimated service lives , which are measured in years , except for rail in high-density traffic corridors ( i.e. , all rail lines except for those subject to abandonment , yard and switching tracks , and electronic yards ) for which lives are measured in millions of gross tons per mile of track .', 'we use the group method of depreciation in which all items with similar characteristics , use , and expected lives are grouped together in asset classes , and are depreciated using composite depreciation rates .', 'the group method of depreciation treats each asset class as a pool of resources , not as singular items .', 'we currently have more than 60 depreciable asset classes , and we may increase or decrease the number of asset classes due to changes in technology , asset strategies , or other factors .', 'we determine the estimated service lives of depreciable railroad property by means of depreciation studies .', 'we perform depreciation studies at least every three years for equipment and every six years for track assets ( i.e. , rail and other track material , ties , and ballast ) and other road property .', 'our depreciation studies take into account the following factors : f0b7 statistical analysis of historical patterns of use and retirements of each of our asset classes ; f0b7 evaluation of any expected changes in current operations and the outlook for continued use of the assets ; f0b7 evaluation of technological advances and changes to maintenance practices ; and f0b7 expected salvage to be received upon retirement .', 'for rail in high-density traffic corridors , we measure estimated service lives in millions of gross tons per mile of track .', 'it has been our experience that the lives of rail in high-density traffic corridors are closely correlated to usage ( i.e. , the amount of weight carried over the rail ) .', 'the service lives also vary based on rail weight , rail condition ( e.g. , new or secondhand ) , and rail type ( e.g. , straight or curve ) .', 'our depreciation studies for rail in high density traffic corridors consider each of these factors in determining the estimated service lives .', 'for rail in high-density traffic corridors , we calculate depreciation rates annually by dividing the number of gross ton-miles carried over the rail ( i.e. , the weight of loaded and empty freight cars , locomotives and maintenance of way equipment transported over the rail ) by the estimated service lives of the rail measured in millions of gross tons per mile .', 'rail in high-density traffic corridors accounts for approximately 70 percent of the historical cost of rail and other track material .', 'based on the number of gross ton-miles carried over our rail in high density traffic corridors during 2013 , the estimated service lives of the majority of this rail ranged from approximately 15 years to approximately 30 years .', 'for all other depreciable assets , we compute depreciation based on the estimated service lives .'] | -1.0 | UNP/2013/page_44.pdf-2 | ['our environmental site activity was as follows : 2013 2012 2011 .'] | ['the environmental liability includes future costs for remediation and restoration of sites , as well as ongoing monitoring costs , but excludes any anticipated recoveries from third parties .', 'cost estimates are based on information available for each site , financial viability of other 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 , 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 .', 'estimates of liability may vary over time due to changes in federal , state , and local laws governing environmental remediation .', 'current obligations are not expected to have a material adverse effect on our consolidated results of operations , financial condition , or liquidity .', 'property and depreciation 2013 our railroad operations are highly capital intensive , and our large base of homogeneous , network-type assets turns over on a continuous basis .', 'each year we develop a capital program for the replacement of assets and for the acquisition or construction of assets that enable us to enhance our operations or provide new service offerings to customers .', 'assets purchased or constructed throughout the year are capitalized if they meet applicable minimum units of property criteria .', 'properties and equipment are carried at cost and are depreciated on a straight-line basis over their estimated service lives , which are measured in years , except for rail in high-density traffic corridors ( i.e. , all rail lines except for those subject to abandonment , yard and switching tracks , and electronic yards ) for which lives are measured in millions of gross tons per mile of track .', 'we use the group method of depreciation in which all items with similar characteristics , use , and expected lives are grouped together in asset classes , and are depreciated using composite depreciation rates .', 'the group method of depreciation treats each asset class as a pool of resources , not as singular items .', 'we currently have more than 60 depreciable asset classes , and we may increase or decrease the number of asset classes due to changes in technology , asset strategies , or other factors .', 'we determine the estimated service lives of depreciable railroad property by means of depreciation studies .', 'we perform depreciation studies at least every three years for equipment and every six years for track assets ( i.e. , rail and other track material , ties , and ballast ) and other road property .', 'our depreciation studies take into account the following factors : f0b7 statistical analysis of historical patterns of use and retirements of each of our asset classes ; f0b7 evaluation of any expected changes in current operations and the outlook for continued use of the assets ; f0b7 evaluation of technological advances and changes to maintenance practices ; and f0b7 expected salvage to be received upon retirement .', 'for rail in high-density traffic corridors , we measure estimated service lives in millions of gross tons per mile of track .', 'it has been our experience that the lives of rail in high-density traffic corridors are closely correlated to usage ( i.e. , the amount of weight carried over the rail ) .', 'the service lives also vary based on rail weight , rail condition ( e.g. , new or secondhand ) , and rail type ( e.g. , straight or curve ) .', 'our depreciation studies for rail in high density traffic corridors consider each of these factors in determining the estimated service lives .', 'for rail in high-density traffic corridors , we calculate depreciation rates annually by dividing the number of gross ton-miles carried over the rail ( i.e. , the weight of loaded and empty freight cars , locomotives and maintenance of way equipment transported over the rail ) by the estimated service lives of the rail measured in millions of gross tons per mile .', 'rail in high-density traffic corridors accounts for approximately 70 percent of the historical cost of rail and other track material .', 'based on the number of gross ton-miles carried over our rail in high density traffic corridors during 2013 , the estimated service lives of the majority of this rail ranged from approximately 15 years to approximately 30 years .', 'for all other depreciable assets , we compute depreciation based on the estimated service lives .'] | ----------------------------------------
2013 2012 2011
open sites beginning balance 284 285 294
new sites 41 56 51
closed sites -57 ( 57 ) -57 ( 57 ) -60 ( 60 )
open sites ending balance atdecember 31 268 284 285
---------------------------------------- | subtract(284, 285) | -1.0 |
what was the amortization expense for the operating leases for facility and equipment from 2015 to 2014 in dollars | Pre-text: ['long-term liabilities .', 'the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts .', 'the notional investments are comprised primarily of mutual funds , which are based on observable market prices .', 'mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt .', 'the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps , classified as economic hedges , in order to fix the interest cost on some of its variable-rate debt .', 'the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value .', 'additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility .', 'other investments 2014other investments primarily represent money market funds used for active employee benefits .', 'the company includes other investments in other current assets .', 'note 18 : leases the company has entered into operating leases involving certain facilities and equipment .', 'rental expenses under operating leases were $ 21 for 2015 , $ 22 for 2014 and $ 23 for 2013 .', 'the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next five years .', 'certain operating leases have renewal options ranging from one to five years .', 'the minimum annual future rental commitment under operating leases that have initial or remaining non- cancelable lease terms over the next five years and thereafter are as follows: .']
Tabular Data:
========================================
year | amount
----------|----------
2016 | $ 13
2017 | 12
2018 | 11
2019 | 10
2020 | 8
thereafter | 74
========================================
Post-table: ['the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .', 'the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .', 'the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .', 'the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .', 'as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases .', 'the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis .', 'the gross cost of the facilities funded by the company recognized as a capital lease asset was $ 156 and $ 157 as of december 31 , 2015 and 2014 , respectively , which is presented in property , plant and equipment in the accompanying consolidated balance sheets .', 'the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs. .'] | 1.0 | AWK/2015/page_141.pdf-1 | ['long-term liabilities .', 'the value of the company 2019s deferred compensation obligations is based on the market value of the participants 2019 notional investment accounts .', 'the notional investments are comprised primarily of mutual funds , which are based on observable market prices .', 'mark-to-market derivative asset and liability 2014the company utilizes fixed-to-floating interest-rate swaps , typically designated as fair-value hedges , to achieve a targeted level of variable-rate debt as a percentage of total debt .', 'the company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps , classified as economic hedges , in order to fix the interest cost on some of its variable-rate debt .', 'the company uses a calculation of future cash inflows and estimated future outflows , which are discounted , to determine the current fair value .', 'additional inputs to the present value calculation include the contract terms , counterparty credit risk , interest rates and market volatility .', 'other investments 2014other investments primarily represent money market funds used for active employee benefits .', 'the company includes other investments in other current assets .', 'note 18 : leases the company has entered into operating leases involving certain facilities and equipment .', 'rental expenses under operating leases were $ 21 for 2015 , $ 22 for 2014 and $ 23 for 2013 .', 'the operating leases for facilities will expire over the next 25 years and the operating leases for equipment will expire over the next five years .', 'certain operating leases have renewal options ranging from one to five years .', 'the minimum annual future rental commitment under operating leases that have initial or remaining non- cancelable lease terms over the next five years and thereafter are as follows: .'] | ['the company has a series of agreements with various public entities ( the 201cpartners 201d ) to establish certain joint ventures , commonly referred to as 201cpublic-private partnerships . 201d under the public-private partnerships , the company constructed utility plant , financed by the company and the partners constructed utility plant ( connected to the company 2019s property ) , financed by the partners .', 'the company agreed to transfer and convey some of its real and personal property to the partners in exchange for an equal principal amount of industrial development bonds ( 201cidbs 201d ) , issued by the partners under a state industrial development bond and commercial development act .', 'the company leased back the total facilities , including portions funded by both the company and the partners , under leases for a period of 40 years .', 'the leases related to the portion of the facilities funded by the company have required payments from the company to the partners that approximate the payments required by the terms of the idbs from the partners to the company ( as the holder of the idbs ) .', 'as the ownership of the portion of the facilities constructed by the company will revert back to the company at the end of the lease , the company has recorded these as capital leases .', 'the lease obligation and the receivable for the principal amount of the idbs are presented by the company on a net basis .', 'the gross cost of the facilities funded by the company recognized as a capital lease asset was $ 156 and $ 157 as of december 31 , 2015 and 2014 , respectively , which is presented in property , plant and equipment in the accompanying consolidated balance sheets .', 'the future payments under the lease obligations are equal to and offset by the payments receivable under the idbs. .'] | ========================================
year | amount
----------|----------
2016 | $ 13
2017 | 12
2018 | 11
2019 | 10
2020 | 8
thereafter | 74
======================================== | subtract(22, 21) | 1.0 |
what is the growth rate in operating profit for aeronautics in 2012? | Context: ['aeronautics business segment 2019s results of operations discussion .', 'the increase in our consolidated net adjustments for 2011 as compared to 2010 primarily was due to an increase in profit booking rate adjustments at our is&gs and aeronautics business segments .', 'aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies .', 'aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , f-22 raptor , f-16 fighting falcon , c-130 hercules , and the c-5m super galaxy .', 'aeronautics 2019 operating results included the following ( in millions ) : .']
##########
Tabular Data:
****************************************
2012 2011 2010
net sales $ 14953 $ 14362 $ 13109
operating profit 1699 1630 1498
operating margins 11.4% ( 11.4 % ) 11.3% ( 11.3 % ) 11.4% ( 11.4 % )
backlog at year-end 30100 30500 27500
****************************************
##########
Post-table: ['2012 compared to 2011 aeronautics 2019 net sales for 2012 increased $ 591 million , or 4% ( 4 % ) , compared to 2011 .', 'the increase was attributable to higher net sales of approximately $ 745 million from f-35 lrip contracts principally due to increased production volume ; about $ 285 million from f-16 programs primarily due to higher aircraft deliveries ( 37 f-16 aircraft delivered in 2012 compared to 22 in 2011 ) partially offset by lower volume on sustainment activities due to the completion of modification programs for certain international customers ; and approximately $ 140 million from c-5 programs due to higher aircraft deliveries ( four c-5m aircraft delivered in 2012 compared to two in 2011 ) .', 'partially offsetting the increases were lower net sales of approximately $ 365 million from decreased production volume and lower risk retirements on the f-22 program as final aircraft deliveries were completed in the second quarter of 2012 ; approximately $ 110 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 and to a lesser extent lower volume ; and about $ 95 million from a decrease in volume on other sustainment activities partially offset by various other aeronautics programs due to higher volume .', 'net sales for c-130 programs were comparable to 2011 as a decline in sustainment activities largely was offset by increased aircraft deliveries .', 'aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .', 'the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 lrip contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .', 'partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception- to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .', 'operating profit for c-5 programs was comparable to 2011 .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .', '2011 compared to 2010 aeronautics 2019 net sales for 2011 increased $ 1.3 billion , or 10% ( 10 % ) , compared to 2010 .', 'the growth in net sales primarily was due to higher volume of about $ 850 million for work performed on the f-35 lrip contracts as production increased ; higher volume of about $ 745 million for c-130 programs due to an increase in deliveries ( 33 c-130j aircraft delivered in 2011 compared to 25 during 2010 ) and support activities ; about $ 425 million for f-16 support activities and an increase in aircraft deliveries ( 22 f-16 aircraft delivered in 2011 compared to 20 during 2010 ) ; and approximately $ 90 million for higher volume on c-5 programs ( two c-5m aircraft delivered in 2011 compared to one during 2010 ) .', 'these increases partially were offset by a decline in net sales of approximately $ 675 million due to lower volume on the f-22 program and lower net sales of about $ 155 million for the f-35 development contract as development work decreased. .'] | 0.04233 | LMT/2012/page_43.pdf-1 | ['aeronautics business segment 2019s results of operations discussion .', 'the increase in our consolidated net adjustments for 2011 as compared to 2010 primarily was due to an increase in profit booking rate adjustments at our is&gs and aeronautics business segments .', 'aeronautics our aeronautics business segment is engaged in the research , design , development , manufacture , integration , sustainment , support , and upgrade of advanced military aircraft , including combat and air mobility aircraft , unmanned air vehicles , and related technologies .', 'aeronautics 2019 major programs include the f-35 lightning ii joint strike fighter , f-22 raptor , f-16 fighting falcon , c-130 hercules , and the c-5m super galaxy .', 'aeronautics 2019 operating results included the following ( in millions ) : .'] | ['2012 compared to 2011 aeronautics 2019 net sales for 2012 increased $ 591 million , or 4% ( 4 % ) , compared to 2011 .', 'the increase was attributable to higher net sales of approximately $ 745 million from f-35 lrip contracts principally due to increased production volume ; about $ 285 million from f-16 programs primarily due to higher aircraft deliveries ( 37 f-16 aircraft delivered in 2012 compared to 22 in 2011 ) partially offset by lower volume on sustainment activities due to the completion of modification programs for certain international customers ; and approximately $ 140 million from c-5 programs due to higher aircraft deliveries ( four c-5m aircraft delivered in 2012 compared to two in 2011 ) .', 'partially offsetting the increases were lower net sales of approximately $ 365 million from decreased production volume and lower risk retirements on the f-22 program as final aircraft deliveries were completed in the second quarter of 2012 ; approximately $ 110 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 and to a lesser extent lower volume ; and about $ 95 million from a decrease in volume on other sustainment activities partially offset by various other aeronautics programs due to higher volume .', 'net sales for c-130 programs were comparable to 2011 as a decline in sustainment activities largely was offset by increased aircraft deliveries .', 'aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .', 'the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 lrip contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .', 'partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception- to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .', 'operating profit for c-5 programs was comparable to 2011 .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .', '2011 compared to 2010 aeronautics 2019 net sales for 2011 increased $ 1.3 billion , or 10% ( 10 % ) , compared to 2010 .', 'the growth in net sales primarily was due to higher volume of about $ 850 million for work performed on the f-35 lrip contracts as production increased ; higher volume of about $ 745 million for c-130 programs due to an increase in deliveries ( 33 c-130j aircraft delivered in 2011 compared to 25 during 2010 ) and support activities ; about $ 425 million for f-16 support activities and an increase in aircraft deliveries ( 22 f-16 aircraft delivered in 2011 compared to 20 during 2010 ) ; and approximately $ 90 million for higher volume on c-5 programs ( two c-5m aircraft delivered in 2011 compared to one during 2010 ) .', 'these increases partially were offset by a decline in net sales of approximately $ 675 million due to lower volume on the f-22 program and lower net sales of about $ 155 million for the f-35 development contract as development work decreased. .'] | ****************************************
2012 2011 2010
net sales $ 14953 $ 14362 $ 13109
operating profit 1699 1630 1498
operating margins 11.4% ( 11.4 % ) 11.3% ( 11.3 % ) 11.4% ( 11.4 % )
backlog at year-end 30100 30500 27500
**************************************** | subtract(1699, 1630), divide(#0, 1630) | 0.04233 |
at december 31 , 2009 , total future minimum commitments under existing non-cancelable leases and purchase obligations what was the percent of the lease obligations compared to the purchase obligations in 2012 | Context: ['$ 190 million , or 30% ( 30 % ) of pre-tax earnings before equity earnings .', 'during the 2009 second quarter , in connection with the evaluation of the company 2019s etienne mill in france , the company determined that the future realization of previously recorded deferred tax assets in france , including net operating loss carryforwards , no longer met the 201cmore likely than not 201d standard for asset recognition .', 'accordingly , a charge of $ 156 million , before and after taxes , was recorded to establish a valuation allowance for 100% ( 100 % ) of these assets .', 'additionally in 2009 , as a result of agree- ments on the 2004 and 2005 u.s .', 'federal income tax audits , and related state income tax effects , a $ 26 million credit was recorded .', 'the 2008 income tax provision of $ 162 million included a $ 207 million benefit related to special items which included a $ 175 million tax benefit related to restructuring and other charges , a $ 23 mil- lion tax benefit for the impairment of certain non-u.s .', 'assets , a $ 29 million tax expense for u.s .', 'taxes on a gain in the company 2019s ilim joint venture , a $ 40 million tax benefit related to the restructuring of the company 2019s international operations , and $ 2 mil- lion of other expense .', 'excluding the impact of spe- cial items , the tax provision was $ 369 million , or 31.5% ( 31.5 % ) of pre-tax earnings before equity earnings .', 'the company recorded an income tax provision for 2007 of $ 415 million , including a $ 41 million benefit related to the effective settlement of tax audits , and $ 8 million of other tax benefits .', 'excluding the impact of special items , the tax provision was $ 423 million , or 30% ( 30 % ) of pre-tax earnings before equity earnings .', 'international paper has u.s .', 'federal and non-u.s .', 'net operating loss carryforwards of approximately $ 452 million that expire as follows : 2010 through 2019 2013 $ 8 million , years 2020 through 2029 2013 $ 29 million and indefinite carryforwards of $ 415 million .', 'international paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approx- imately $ 204 million that expire as follows : 2010 through 2019 2013 $ 75 million and 2020 through 2029 2013 $ 129 million .', 'international paper also has approx- imately $ 273 million of u.s .', 'federal , non-u.s .', 'and state tax credit carryforwards that expire as follows : 2010 through 2019 2013 $ 54 million , 2020 through 2029 2013 $ 32 million , and indefinite carryforwards 2013 $ 187 mil- lion .', 'further , international paper has $ 2 million of state capital loss carryforwards that expire in 2010 through 2019 .', 'deferred income taxes are not provided for tempo- rary differences of approximately $ 3.5 billion , $ 2.6 billion and $ 3.7 billion as of december 31 , 2009 , 2008 and 2007 , respectively , representing earnings of non-u.s .', 'subsidiaries intended to be permanently reinvested .', 'computation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable .', 'note 11 commitments and contingent liabilities certain property , machinery and equipment are leased under cancelable and non-cancelable agree- ments .', 'unconditional purchase obligations have been entered into in the ordinary course of business , prin- cipally for capital projects and the purchase of cer- tain pulpwood , logs , wood chips , raw materials , energy and services , including fiber supply agree- ments to purchase pulpwood that were entered into concurrently with the company 2019s 2006 trans- formation plan forestland sales .', 'at december 31 , 2009 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows : in millions 2010 2011 2012 2013 2014 thereafter obligations $ 177 $ 148 $ 124 $ 96 $ 79 $ 184 purchase obligations ( a ) 2262 657 623 556 532 3729 .']
##
Tabular Data:
****************************************
in millions 2010 2011 2012 2013 2014 thereafter
lease obligations $ 177 $ 148 $ 124 $ 96 $ 79 $ 184
purchase obligations ( a ) 2262 657 623 556 532 3729
total $ 2439 $ 805 $ 747 $ 652 $ 611 $ 3913
****************************************
##
Post-table: ['( a ) includes $ 2.8 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales .', 'rent expense was $ 216 million , $ 205 million and $ 168 million for 2009 , 2008 and 2007 , respectively .', 'in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .', 'where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .', 'in may 2008 , a recovery boiler at the company 2019s vicksburg , mississippi facility exploded , resulting in one fatality and injuries to employees of contractors .'] | 0.166 | IP/2009/page_84.pdf-3 | ['$ 190 million , or 30% ( 30 % ) of pre-tax earnings before equity earnings .', 'during the 2009 second quarter , in connection with the evaluation of the company 2019s etienne mill in france , the company determined that the future realization of previously recorded deferred tax assets in france , including net operating loss carryforwards , no longer met the 201cmore likely than not 201d standard for asset recognition .', 'accordingly , a charge of $ 156 million , before and after taxes , was recorded to establish a valuation allowance for 100% ( 100 % ) of these assets .', 'additionally in 2009 , as a result of agree- ments on the 2004 and 2005 u.s .', 'federal income tax audits , and related state income tax effects , a $ 26 million credit was recorded .', 'the 2008 income tax provision of $ 162 million included a $ 207 million benefit related to special items which included a $ 175 million tax benefit related to restructuring and other charges , a $ 23 mil- lion tax benefit for the impairment of certain non-u.s .', 'assets , a $ 29 million tax expense for u.s .', 'taxes on a gain in the company 2019s ilim joint venture , a $ 40 million tax benefit related to the restructuring of the company 2019s international operations , and $ 2 mil- lion of other expense .', 'excluding the impact of spe- cial items , the tax provision was $ 369 million , or 31.5% ( 31.5 % ) of pre-tax earnings before equity earnings .', 'the company recorded an income tax provision for 2007 of $ 415 million , including a $ 41 million benefit related to the effective settlement of tax audits , and $ 8 million of other tax benefits .', 'excluding the impact of special items , the tax provision was $ 423 million , or 30% ( 30 % ) of pre-tax earnings before equity earnings .', 'international paper has u.s .', 'federal and non-u.s .', 'net operating loss carryforwards of approximately $ 452 million that expire as follows : 2010 through 2019 2013 $ 8 million , years 2020 through 2029 2013 $ 29 million and indefinite carryforwards of $ 415 million .', 'international paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approx- imately $ 204 million that expire as follows : 2010 through 2019 2013 $ 75 million and 2020 through 2029 2013 $ 129 million .', 'international paper also has approx- imately $ 273 million of u.s .', 'federal , non-u.s .', 'and state tax credit carryforwards that expire as follows : 2010 through 2019 2013 $ 54 million , 2020 through 2029 2013 $ 32 million , and indefinite carryforwards 2013 $ 187 mil- lion .', 'further , international paper has $ 2 million of state capital loss carryforwards that expire in 2010 through 2019 .', 'deferred income taxes are not provided for tempo- rary differences of approximately $ 3.5 billion , $ 2.6 billion and $ 3.7 billion as of december 31 , 2009 , 2008 and 2007 , respectively , representing earnings of non-u.s .', 'subsidiaries intended to be permanently reinvested .', 'computation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable .', 'note 11 commitments and contingent liabilities certain property , machinery and equipment are leased under cancelable and non-cancelable agree- ments .', 'unconditional purchase obligations have been entered into in the ordinary course of business , prin- cipally for capital projects and the purchase of cer- tain pulpwood , logs , wood chips , raw materials , energy and services , including fiber supply agree- ments to purchase pulpwood that were entered into concurrently with the company 2019s 2006 trans- formation plan forestland sales .', 'at december 31 , 2009 , total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows : in millions 2010 2011 2012 2013 2014 thereafter obligations $ 177 $ 148 $ 124 $ 96 $ 79 $ 184 purchase obligations ( a ) 2262 657 623 556 532 3729 .'] | ['( a ) includes $ 2.8 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales .', 'rent expense was $ 216 million , $ 205 million and $ 168 million for 2009 , 2008 and 2007 , respectively .', 'in connection with sales of businesses , property , equipment , forestlands and other assets , interna- tional paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .', 'where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .', 'in may 2008 , a recovery boiler at the company 2019s vicksburg , mississippi facility exploded , resulting in one fatality and injuries to employees of contractors .'] | ****************************************
in millions 2010 2011 2012 2013 2014 thereafter
lease obligations $ 177 $ 148 $ 124 $ 96 $ 79 $ 184
purchase obligations ( a ) 2262 657 623 556 532 3729
total $ 2439 $ 805 $ 747 $ 652 $ 611 $ 3913
**************************************** | divide(124, 747) | 0.166 |
what portion of the total debt and capital lease obligations is payable to ge and its affiliates? | Background: ['bhge 2018 form 10-k | 41 estimate would equal up to 5% ( 5 % ) of annual revenue .', 'the expenditures are expected to be used primarily for normal , recurring items necessary to support our business .', 'we also anticipate making income tax payments in the range of $ 425 million to $ 475 million in 2019 .', 'contractual obligations in the table below , we set forth our contractual obligations as of december 31 , 2018 .', 'certain amounts included in this table are based on our estimates and assumptions about these obligations , including their duration , anticipated actions by third parties and other factors .', 'the contractual obligations we will actually pay in future periods may vary from those reflected in the table because the estimates and assumptions are subjective. .']
Tabular Data:
----------------------------------------
( in millions ), payments due by period total, payments due by period less than1 year, payments due by period 1 - 3years, payments due by period 4 - 5years, payments due by period more than5 years
total debt and capital lease obligations ( 1 ), $ 6989, $ 942, $ 562, $ 1272, $ 4213
estimated interest payments ( 2 ), 3716, 239, 473, 404, 2600
operating leases ( 3 ), 846, 186, 262, 132, 266
purchase obligations ( 4 ), 1507, 1388, 86, 25, 8
total, $ 13058, $ 2755, $ 1383, $ 1833, $ 7087
----------------------------------------
Follow-up: ['( 1 ) amounts represent the expected cash payments for the principal amounts related to our debt , including capital lease obligations .', 'amounts for debt do not include any deferred issuance costs or unamortized discounts or premiums including step up in the value of the debt on the acquisition of baker hughes .', 'expected cash payments for interest are excluded from these amounts .', 'total debt and capital lease obligations includes $ 896 million payable to ge and its affiliates .', 'as there is no fixed payment schedule on the amount payable to ge and its affiliates we have classified it as payable in less than one year .', '( 2 ) amounts represent the expected cash payments for interest on our long-term debt and capital lease obligations .', '( 3 ) amounts represent the future minimum payments under noncancelable operating leases with initial or remaining terms of one year or more .', 'we enter into operating leases , some of which include renewal options , however , we have excluded renewal options from the table above unless it is anticipated that we will exercise such renewals .', '( 4 ) purchase obligations include expenditures for capital assets for 2019 as well as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provisions ; and the approximate timing of the transaction .', 'due to the uncertainty with respect to the timing of potential future cash outflows associated with our uncertain tax positions , we are unable to make reasonable estimates of the period of cash settlement , if any , to the respective taxing authorities .', 'therefore , $ 597 million in uncertain tax positions , including interest and penalties , have been excluded from the contractual obligations table above .', 'see "note 12 .', 'income taxes" of the notes to consolidated and combined financial statements in item 8 herein for further information .', 'we have certain defined benefit pension and other post-retirement benefit plans covering certain of our u.s .', 'and international employees .', 'during 2018 , we made contributions and paid direct benefits of approximately $ 72 million in connection with those plans , and we anticipate funding approximately $ 41 million during 2019 .', 'amounts for pension funding obligations are based on assumptions that are subject to change , therefore , we are currently not able to reasonably estimate our contribution figures after 2019 .', 'see "note 11 .', 'employee benefit plans" of the notes to consolidated and combined financial statements in item 8 herein for further information .', 'off-balance sheet arrangements in the normal course of business with customers , vendors and others , we have entered into off-balance sheet arrangements , such as surety bonds for performance , letters of credit and other bank issued guarantees , which totaled approximately $ 3.6 billion at december 31 , 2018 .', 'it is not practicable to estimate the fair value of these financial instruments .', 'none of the off-balance sheet arrangements either has , or is likely to have , a material effect on our consolidated and combined financial statements. .'] | 0.1282 | BKR/2018/page_61.pdf-4 | ['bhge 2018 form 10-k | 41 estimate would equal up to 5% ( 5 % ) of annual revenue .', 'the expenditures are expected to be used primarily for normal , recurring items necessary to support our business .', 'we also anticipate making income tax payments in the range of $ 425 million to $ 475 million in 2019 .', 'contractual obligations in the table below , we set forth our contractual obligations as of december 31 , 2018 .', 'certain amounts included in this table are based on our estimates and assumptions about these obligations , including their duration , anticipated actions by third parties and other factors .', 'the contractual obligations we will actually pay in future periods may vary from those reflected in the table because the estimates and assumptions are subjective. .'] | ['( 1 ) amounts represent the expected cash payments for the principal amounts related to our debt , including capital lease obligations .', 'amounts for debt do not include any deferred issuance costs or unamortized discounts or premiums including step up in the value of the debt on the acquisition of baker hughes .', 'expected cash payments for interest are excluded from these amounts .', 'total debt and capital lease obligations includes $ 896 million payable to ge and its affiliates .', 'as there is no fixed payment schedule on the amount payable to ge and its affiliates we have classified it as payable in less than one year .', '( 2 ) amounts represent the expected cash payments for interest on our long-term debt and capital lease obligations .', '( 3 ) amounts represent the future minimum payments under noncancelable operating leases with initial or remaining terms of one year or more .', 'we enter into operating leases , some of which include renewal options , however , we have excluded renewal options from the table above unless it is anticipated that we will exercise such renewals .', '( 4 ) purchase obligations include expenditures for capital assets for 2019 as well as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including : fixed or minimum quantities to be purchased ; fixed , minimum or variable price provisions ; and the approximate timing of the transaction .', 'due to the uncertainty with respect to the timing of potential future cash outflows associated with our uncertain tax positions , we are unable to make reasonable estimates of the period of cash settlement , if any , to the respective taxing authorities .', 'therefore , $ 597 million in uncertain tax positions , including interest and penalties , have been excluded from the contractual obligations table above .', 'see "note 12 .', 'income taxes" of the notes to consolidated and combined financial statements in item 8 herein for further information .', 'we have certain defined benefit pension and other post-retirement benefit plans covering certain of our u.s .', 'and international employees .', 'during 2018 , we made contributions and paid direct benefits of approximately $ 72 million in connection with those plans , and we anticipate funding approximately $ 41 million during 2019 .', 'amounts for pension funding obligations are based on assumptions that are subject to change , therefore , we are currently not able to reasonably estimate our contribution figures after 2019 .', 'see "note 11 .', 'employee benefit plans" of the notes to consolidated and combined financial statements in item 8 herein for further information .', 'off-balance sheet arrangements in the normal course of business with customers , vendors and others , we have entered into off-balance sheet arrangements , such as surety bonds for performance , letters of credit and other bank issued guarantees , which totaled approximately $ 3.6 billion at december 31 , 2018 .', 'it is not practicable to estimate the fair value of these financial instruments .', 'none of the off-balance sheet arrangements either has , or is likely to have , a material effect on our consolidated and combined financial statements. .'] | ----------------------------------------
( in millions ), payments due by period total, payments due by period less than1 year, payments due by period 1 - 3years, payments due by period 4 - 5years, payments due by period more than5 years
total debt and capital lease obligations ( 1 ), $ 6989, $ 942, $ 562, $ 1272, $ 4213
estimated interest payments ( 2 ), 3716, 239, 473, 404, 2600
operating leases ( 3 ), 846, 186, 262, 132, 266
purchase obligations ( 4 ), 1507, 1388, 86, 25, 8
total, $ 13058, $ 2755, $ 1383, $ 1833, $ 7087
---------------------------------------- | divide(896, 6989) | 0.1282 |
what was the average change in unrealized gains on derivative instruments? | Pre-text: ['table of contents notes to consolidated financial statements ( continued ) note 6 2014shareholders 2019 equity ( continued ) the following table summarizes activity in other comprehensive income related to derivatives , net of taxes , held by the company during the three fiscal years ended september 27 , 2008 ( in millions ) : the tax effect related to the changes in fair value of derivatives was $ ( 5 ) million , $ 1 million , and $ ( 8 ) million for 2008 , 2007 , and 2006 , respectively .', 'the tax effect related to derivative gains/losses reclassified from other comprehensive income to net income was $ ( 9 ) million , $ 2 million , and $ 8 million for 2008 , 2007 , and 2006 , respectively .', 'employee benefit plans 2003 employee stock plan the 2003 employee stock plan ( the 201c2003 plan 201d ) is a shareholder approved plan that provides for broad-based grants to employees , including executive officers .', 'based on the terms of individual option grants , options granted under the 2003 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .', 'the 2003 plan permits the granting of incentive stock options , nonstatutory stock options , rsus , stock appreciation rights , stock purchase rights and performance-based awards .', 'as of september 27 , 2008 , approximately 50.3 million shares were reserved for future issuance under the 2003 1997 employee stock option plan in august 1997 , the company 2019s board of directors approved the 1997 employee stock option plan ( the 201c1997 plan 201d ) , a non-shareholder approved plan for grants of stock options to employees who are not officers of the company .', 'based on the terms of individual option grants , options granted under the 1997 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .', 'in october 2003 , the company terminated the 1997 plan and no new options can be granted from this plan .', '1997 director stock option plan in august 1997 , the company 2019s board of directors adopted a director stock option plan ( the 201cdirector plan 201d ) for non-employee directors of the company , which was approved by shareholders in 1998 .', 'pursuant to the director plan , the company 2019s non-employee directors are granted an option to acquire 30000 shares of common stock upon their initial election to the board ( 201cinitial options 201d ) .', 'the initial options vest and become exercisable in three equal annual installments on each of the first through third anniversaries of the grant date .', 'on the fourth anniversary of a non-employee director 2019s initial election to the board and on each subsequent anniversary thereafter , the director will be entitled to receive an option to acquire 10000 shares of common stock ( 201cannual options 201d ) .', 'annual options are fully vested and immediately exercisable on their date of grant .', 'options granted under the director plan expire 10 years after the grant date .', 'as of september 27 , 2008 , approximately 290000 shares were reserved for future issuance under the director plan .', 'rule 10b5-1 trading plans the following executive officers , timothy d .', 'cook , peter oppenheimer , philip w .', 'schiller , and bertrand serlet , have entered into trading plans pursuant to rule 10b5-1 ( c ) ( 1 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) , as of november 1 , 2008 .', 'a trading plan is a written document that .']
----------
Data Table:
========================================
2008 2007 2006
changes in fair value of derivatives $ 7 $ -1 ( 1 ) $ 11
adjustment for net gains/ ( losses ) realized and included in net income 12 -2 ( 2 ) -12 ( 12 )
change in unrealized gains on derivative instruments $ 19 $ -3 ( 3 ) $ -1 ( 1 )
========================================
----------
Additional Information: ['.'] | 5.0 | AAPL/2008/page_78.pdf-2 | ['table of contents notes to consolidated financial statements ( continued ) note 6 2014shareholders 2019 equity ( continued ) the following table summarizes activity in other comprehensive income related to derivatives , net of taxes , held by the company during the three fiscal years ended september 27 , 2008 ( in millions ) : the tax effect related to the changes in fair value of derivatives was $ ( 5 ) million , $ 1 million , and $ ( 8 ) million for 2008 , 2007 , and 2006 , respectively .', 'the tax effect related to derivative gains/losses reclassified from other comprehensive income to net income was $ ( 9 ) million , $ 2 million , and $ 8 million for 2008 , 2007 , and 2006 , respectively .', 'employee benefit plans 2003 employee stock plan the 2003 employee stock plan ( the 201c2003 plan 201d ) is a shareholder approved plan that provides for broad-based grants to employees , including executive officers .', 'based on the terms of individual option grants , options granted under the 2003 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .', 'the 2003 plan permits the granting of incentive stock options , nonstatutory stock options , rsus , stock appreciation rights , stock purchase rights and performance-based awards .', 'as of september 27 , 2008 , approximately 50.3 million shares were reserved for future issuance under the 2003 1997 employee stock option plan in august 1997 , the company 2019s board of directors approved the 1997 employee stock option plan ( the 201c1997 plan 201d ) , a non-shareholder approved plan for grants of stock options to employees who are not officers of the company .', 'based on the terms of individual option grants , options granted under the 1997 plan generally expire 7 to 10 years after the grant date and generally become exercisable over a period of four years , based on continued employment , with either annual or quarterly vesting .', 'in october 2003 , the company terminated the 1997 plan and no new options can be granted from this plan .', '1997 director stock option plan in august 1997 , the company 2019s board of directors adopted a director stock option plan ( the 201cdirector plan 201d ) for non-employee directors of the company , which was approved by shareholders in 1998 .', 'pursuant to the director plan , the company 2019s non-employee directors are granted an option to acquire 30000 shares of common stock upon their initial election to the board ( 201cinitial options 201d ) .', 'the initial options vest and become exercisable in three equal annual installments on each of the first through third anniversaries of the grant date .', 'on the fourth anniversary of a non-employee director 2019s initial election to the board and on each subsequent anniversary thereafter , the director will be entitled to receive an option to acquire 10000 shares of common stock ( 201cannual options 201d ) .', 'annual options are fully vested and immediately exercisable on their date of grant .', 'options granted under the director plan expire 10 years after the grant date .', 'as of september 27 , 2008 , approximately 290000 shares were reserved for future issuance under the director plan .', 'rule 10b5-1 trading plans the following executive officers , timothy d .', 'cook , peter oppenheimer , philip w .', 'schiller , and bertrand serlet , have entered into trading plans pursuant to rule 10b5-1 ( c ) ( 1 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) , as of november 1 , 2008 .', 'a trading plan is a written document that .'] | ['.'] | ========================================
2008 2007 2006
changes in fair value of derivatives $ 7 $ -1 ( 1 ) $ 11
adjustment for net gains/ ( losses ) realized and included in net income 12 -2 ( 2 ) -12 ( 12 )
change in unrealized gains on derivative instruments $ 19 $ -3 ( 3 ) $ -1 ( 1 )
======================================== | table_average(change in unrealized gains on derivative instruments, none) | 5.0 |
between 2012 and december 312014 what was the cumulative decrease in tax positions | Background: ['majority of the increased tax position is attributable to temporary differences .', 'the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant .', 'the company does not anticipate material changes to its unrecognized tax benefits within the next year .', 'if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate .', 'the following table summarizes the changes in the company 2019s valuation allowance: .']
Data Table:
• balance at january 1 2012, $ 21579
• increases in current period tax positions, 2014
• decreases in current period tax positions, -2059 ( 2059 )
• balance at december 31 2012, $ 19520
• increases in current period tax positions, 2014
• decreases in current period tax positions, -5965 ( 5965 )
• balance at december 31 2013, $ 13555
• increases in current period tax positions, 2014
• decreases in current period tax positions, -3176 ( 3176 )
• balance at december 31 2014, $ 10379
Follow-up: ['included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance .', 'note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .', 'benefits under the plans are based on the employee 2019s years of service and compensation .', 'the pension plans have been closed for all employees .', 'the pension plans were closed for most employees hired on or after january 1 , 2006 .', 'union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .', 'union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .', 'the company does not participate in a multiemployer plan .', 'the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost .', 'further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .', 'the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position .', 'pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) .', 'pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .', '( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .'] | 11200.0 | AWK/2014/page_122.pdf-4 | ['majority of the increased tax position is attributable to temporary differences .', 'the increase in 2014 current period tax positions related primarily to the company 2019s change in tax accounting method filed in 2008 for repair and maintenance costs on its utility plant .', 'the company does not anticipate material changes to its unrecognized tax benefits within the next year .', 'if the company sustains all of its positions at december 31 , 2014 and 2013 , an unrecognized tax benefit of $ 9444 and $ 7439 , respectively , excluding interest and penalties , would impact the company 2019s effective tax rate .', 'the following table summarizes the changes in the company 2019s valuation allowance: .'] | ['included in 2013 is a discrete tax benefit totaling $ 2979 associated with an entity re-organization within the company 2019s market-based operations segment that allowed for the utilization of state net operating loss carryforwards and the release of an associated valuation allowance .', 'note 13 : employee benefits pension and other postretirement benefits the company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations .', 'benefits under the plans are based on the employee 2019s years of service and compensation .', 'the pension plans have been closed for all employees .', 'the pension plans were closed for most employees hired on or after january 1 , 2006 .', 'union employees hired on or after january 1 , 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement .', 'union employees hired on or after january 1 , 2001 and non-union employees hired on or after january 1 , 2006 are provided with a 5.25% ( 5.25 % ) of base pay defined contribution plan .', 'the company does not participate in a multiemployer plan .', 'the company 2019s pension funding practice is to contribute at least the greater of the minimum amount required by the employee retirement income security act of 1974 or the normal cost .', 'further , the company will consider additional contributions if needed to avoid 201cat risk 201d status and benefit restrictions under the pension protection act of 2006 .', 'the company may also consider increased contributions , based on other financial requirements and the plans 2019 funded position .', 'pension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds , fixed income securities , guaranteed interest contracts with insurance companies , real estate funds and real estate investment trusts ( 201creits 201d ) .', 'pension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans .', '( see note 6 ) the company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees. .'] | • balance at january 1 2012, $ 21579
• increases in current period tax positions, 2014
• decreases in current period tax positions, -2059 ( 2059 )
• balance at december 31 2012, $ 19520
• increases in current period tax positions, 2014
• decreases in current period tax positions, -5965 ( 5965 )
• balance at december 31 2013, $ 13555
• increases in current period tax positions, 2014
• decreases in current period tax positions, -3176 ( 3176 )
• balance at december 31 2014, $ 10379 | add(2059, 5965), add(#0, 3176) | 11200.0 |
what is the net chance in non-vested performance awards in 2012 , ( in thousands ) ? | Context: ['notes to consolidated financial statements ( continued ) as of 2012 year end there was $ 10.2 million of unrecognized compensation cost related to non-vested stock option compensation arrangements that is expected to be recognized as a charge to earnings over a weighted-average period of 1.8 years .', 'performance awards performance awards , which are granted as performance share units and performance-based rsus , are earned and expensed using the fair value of the award over a contractual term of three years based on the company 2019s performance .', 'vesting of the performance awards is dependent upon performance relative to pre-defined goals for revenue growth and return on net assets for the applicable performance period .', 'for performance achieved above a certain level , the recipient may earn additional shares of stock , not to exceed 100% ( 100 % ) of the number of performance awards initially granted .', 'the performance share units have a three year performance period based on the results of the consolidated financial metrics of the company .', 'the performance-based rsus have a one year performance period based on the results of the consolidated financial metrics of the company followed by a two year cliff vesting schedule .', 'the fair value of performance awards is calculated using the market value of a share of snap-on 2019s common stock on the date of grant .', 'the weighted-average grant date fair value of performance awards granted during 2012 , 2011 and 2010 was $ 60.00 , $ 55.97 and $ 41.01 , respectively .', 'vested performance share units approximated 213000 shares as of 2012 year end and 54208 shares as of 2011 year end ; there were no vested performance share units as of 2010 year end .', 'performance share units of 53990 shares were paid out in 2012 ; no performance share units were paid out in 2011 or 2010 .', 'earned performance share units are generally paid out following the conclusion of the applicable performance period upon approval by the organization and executive compensation committee of the company 2019s board of directors ( the 201cboard 201d ) .', 'based on the company 2019s 2012 performance , 95047 rsus granted in 2012 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2014 .', 'based on the company 2019s 2011 performance , 159970 rsus granted in 2011 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2013 .', 'based on the company 2019s 2010 performance , 169921 rsus granted in 2010 were earned ; these rsus vested as of fiscal 2012 year end and were paid out shortly thereafter .', 'as a result of employee retirements , 2706 of the rsus earned in 2010 vested pursuant to the terms of the related award agreements and were paid out in the first quarter of 2011 .', 'the changes to the company 2019s non-vested performance awards in 2012 are as follows : shares ( in thousands ) fair value price per share* .']
------
Data Table:
----------------------------------------
, shares ( in thousands ), fair valueprice pershare*
non-vested performance awards at beginning of year, 707, $ 48.87
granted, 203, 60.00
vested, -379 ( 379 ), 41.01
cancellations and other, -22 ( 22 ), 44.93
non-vested performance awards at end of year, 509, 59.36
----------------------------------------
------
Post-table: ['* weighted-average as of 2012 year end there was approximately $ 14.1 million of unrecognized compensation cost related to non-vested performance awards that is expected to be recognized as a charge to earnings over a weighted-average period of 1.6 years .', 'stock appreciation rights ( 201csars 201d ) the company also issues sars to certain key non-u.s .', 'employees .', 'sars are granted with an exercise price equal to the market value of a share of snap-on 2019s common stock on the date of grant and have a contractual term of ten years and vest ratably on the first , second and third anniversaries of the date of grant .', 'sars provide for the cash payment of the excess of the fair market value of snap-on 2019s common stock price on the date of exercise over the grant price .', 'sars have no effect on dilutive shares or shares outstanding as any appreciation of snap-on 2019s common stock value over the grant price is paid in cash and not in common stock .', '100 snap-on incorporated .'] | -198.0 | SNA/2012/page_110.pdf-2 | ['notes to consolidated financial statements ( continued ) as of 2012 year end there was $ 10.2 million of unrecognized compensation cost related to non-vested stock option compensation arrangements that is expected to be recognized as a charge to earnings over a weighted-average period of 1.8 years .', 'performance awards performance awards , which are granted as performance share units and performance-based rsus , are earned and expensed using the fair value of the award over a contractual term of three years based on the company 2019s performance .', 'vesting of the performance awards is dependent upon performance relative to pre-defined goals for revenue growth and return on net assets for the applicable performance period .', 'for performance achieved above a certain level , the recipient may earn additional shares of stock , not to exceed 100% ( 100 % ) of the number of performance awards initially granted .', 'the performance share units have a three year performance period based on the results of the consolidated financial metrics of the company .', 'the performance-based rsus have a one year performance period based on the results of the consolidated financial metrics of the company followed by a two year cliff vesting schedule .', 'the fair value of performance awards is calculated using the market value of a share of snap-on 2019s common stock on the date of grant .', 'the weighted-average grant date fair value of performance awards granted during 2012 , 2011 and 2010 was $ 60.00 , $ 55.97 and $ 41.01 , respectively .', 'vested performance share units approximated 213000 shares as of 2012 year end and 54208 shares as of 2011 year end ; there were no vested performance share units as of 2010 year end .', 'performance share units of 53990 shares were paid out in 2012 ; no performance share units were paid out in 2011 or 2010 .', 'earned performance share units are generally paid out following the conclusion of the applicable performance period upon approval by the organization and executive compensation committee of the company 2019s board of directors ( the 201cboard 201d ) .', 'based on the company 2019s 2012 performance , 95047 rsus granted in 2012 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2014 .', 'based on the company 2019s 2011 performance , 159970 rsus granted in 2011 were earned ; assuming continued employment , these rsus will vest at the end of fiscal 2013 .', 'based on the company 2019s 2010 performance , 169921 rsus granted in 2010 were earned ; these rsus vested as of fiscal 2012 year end and were paid out shortly thereafter .', 'as a result of employee retirements , 2706 of the rsus earned in 2010 vested pursuant to the terms of the related award agreements and were paid out in the first quarter of 2011 .', 'the changes to the company 2019s non-vested performance awards in 2012 are as follows : shares ( in thousands ) fair value price per share* .'] | ['* weighted-average as of 2012 year end there was approximately $ 14.1 million of unrecognized compensation cost related to non-vested performance awards that is expected to be recognized as a charge to earnings over a weighted-average period of 1.6 years .', 'stock appreciation rights ( 201csars 201d ) the company also issues sars to certain key non-u.s .', 'employees .', 'sars are granted with an exercise price equal to the market value of a share of snap-on 2019s common stock on the date of grant and have a contractual term of ten years and vest ratably on the first , second and third anniversaries of the date of grant .', 'sars provide for the cash payment of the excess of the fair market value of snap-on 2019s common stock price on the date of exercise over the grant price .', 'sars have no effect on dilutive shares or shares outstanding as any appreciation of snap-on 2019s common stock value over the grant price is paid in cash and not in common stock .', '100 snap-on incorporated .'] | ----------------------------------------
, shares ( in thousands ), fair valueprice pershare*
non-vested performance awards at beginning of year, 707, $ 48.87
granted, 203, 60.00
vested, -379 ( 379 ), 41.01
cancellations and other, -22 ( 22 ), 44.93
non-vested performance awards at end of year, 509, 59.36
---------------------------------------- | add(203, -379), add(#0, -22) | -198.0 |
what is the total goodwill of arconic , in dollars? | Context: ['properties , plants , and equipment .', 'properties , plants , and equipment are recorded at cost .', 'depreciation is recorded principally on the straight-line method at rates based on the estimated useful lives of the assets .', 'the following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment ( numbers in years ) : .']
----------
Tabular Data:
----------------------------------------
segment, structures, machinery and equipment
global rolled products, 31, 21
engineered products and solutions, 29, 17
transportation and construction solutions, 27, 19
----------------------------------------
----------
Post-table: ['gains or losses from the sale of assets are generally recorded in other income , net ( see policy below for assets classified as held for sale and discontinued operations ) .', 'repairs and maintenance are charged to expense as incurred .', 'interest related to the construction of qualifying assets is capitalized as part of the construction costs .', 'properties , plants , and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets ( asset group ) may not be recoverable .', 'recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets ( asset group ) to their carrying amount .', 'an impairment loss would be recognized when the carrying amount of the assets ( asset group ) exceeds the estimated undiscounted net cash flows .', 'the amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets ( asset group ) over their fair value , with fair value determined using the best information available , which generally is a discounted cash flow ( dcf ) model .', 'the determination of what constitutes an asset group , the associated estimated undiscounted net cash flows , and the estimated useful lives of assets also require significant judgments .', 'goodwill and other intangible assets .', 'goodwill is not amortized ; instead , it is reviewed for impairment annually ( in the fourth quarter ) or more frequently if indicators of impairment exist or if a decision is made to sell or exit a business .', 'a significant amount of judgment is involved in determining if an indicator of impairment has occurred .', 'such indicators may include deterioration in general economic conditions , negative developments in equity and credit markets , adverse changes in the markets in which an entity operates , increases in input costs that have a negative effect on earnings and cash flows , or a trend of negative or declining cash flows over multiple periods , among others .', 'the fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill .', 'goodwill is allocated among and evaluated for impairment at the reporting unit level , which is defined as an operating segment or one level below an operating segment .', 'arconic has eight reporting units , of which four are included in the engineered products and solutions segment , three are included in the transportation and construction solutions segment , and the remaining reporting unit is the global rolled products segment .', 'more than 70% ( 70 % ) of arconic 2019s total goodwill is allocated to two reporting units as follows : arconic fastening systems and rings ( afsr ) ( $ 2200 ) and arconic power and propulsion ( app ) ( $ 1647 ) businesses , both of which are included in the engineered products and solutions segment .', 'these amounts include an allocation of corporate 2019s goodwill .', 'in november 2014 , arconic acquired firth rixson ( see note f ) , and , as a result recognized $ 1801 in goodwill .', 'this amount was allocated between the afsr and arconic forgings and extrusions ( afe ) reporting units , which is part of the engineered products and solutions segment .', 'in march and july 2015 , arconic acquired tital and rti , respectively , ( see note f ) and recognized $ 117 and $ 298 , respectively , in goodwill .', 'the goodwill amount related to tital was allocated to the app reporting unit and the amount related to rti was allocated to arconic titanium and engineered products ( atep ) , a new arconic reporting unit that consists solely of the acquired rti business and is part of the engineered products and solutions segment .', 'in reviewing goodwill for impairment , an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not ( greater than 50% ( 50 % ) ) that the estimated fair value of a reporting unit is less than its carrying amount .', 'if an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not , the entity is then required to perform the .'] | 5495.71429 | HWM/2016/page_79.pdf-1 | ['properties , plants , and equipment .', 'properties , plants , and equipment are recorded at cost .', 'depreciation is recorded principally on the straight-line method at rates based on the estimated useful lives of the assets .', 'the following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment ( numbers in years ) : .'] | ['gains or losses from the sale of assets are generally recorded in other income , net ( see policy below for assets classified as held for sale and discontinued operations ) .', 'repairs and maintenance are charged to expense as incurred .', 'interest related to the construction of qualifying assets is capitalized as part of the construction costs .', 'properties , plants , and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets ( asset group ) may not be recoverable .', 'recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets ( asset group ) to their carrying amount .', 'an impairment loss would be recognized when the carrying amount of the assets ( asset group ) exceeds the estimated undiscounted net cash flows .', 'the amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets ( asset group ) over their fair value , with fair value determined using the best information available , which generally is a discounted cash flow ( dcf ) model .', 'the determination of what constitutes an asset group , the associated estimated undiscounted net cash flows , and the estimated useful lives of assets also require significant judgments .', 'goodwill and other intangible assets .', 'goodwill is not amortized ; instead , it is reviewed for impairment annually ( in the fourth quarter ) or more frequently if indicators of impairment exist or if a decision is made to sell or exit a business .', 'a significant amount of judgment is involved in determining if an indicator of impairment has occurred .', 'such indicators may include deterioration in general economic conditions , negative developments in equity and credit markets , adverse changes in the markets in which an entity operates , increases in input costs that have a negative effect on earnings and cash flows , or a trend of negative or declining cash flows over multiple periods , among others .', 'the fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill .', 'goodwill is allocated among and evaluated for impairment at the reporting unit level , which is defined as an operating segment or one level below an operating segment .', 'arconic has eight reporting units , of which four are included in the engineered products and solutions segment , three are included in the transportation and construction solutions segment , and the remaining reporting unit is the global rolled products segment .', 'more than 70% ( 70 % ) of arconic 2019s total goodwill is allocated to two reporting units as follows : arconic fastening systems and rings ( afsr ) ( $ 2200 ) and arconic power and propulsion ( app ) ( $ 1647 ) businesses , both of which are included in the engineered products and solutions segment .', 'these amounts include an allocation of corporate 2019s goodwill .', 'in november 2014 , arconic acquired firth rixson ( see note f ) , and , as a result recognized $ 1801 in goodwill .', 'this amount was allocated between the afsr and arconic forgings and extrusions ( afe ) reporting units , which is part of the engineered products and solutions segment .', 'in march and july 2015 , arconic acquired tital and rti , respectively , ( see note f ) and recognized $ 117 and $ 298 , respectively , in goodwill .', 'the goodwill amount related to tital was allocated to the app reporting unit and the amount related to rti was allocated to arconic titanium and engineered products ( atep ) , a new arconic reporting unit that consists solely of the acquired rti business and is part of the engineered products and solutions segment .', 'in reviewing goodwill for impairment , an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not ( greater than 50% ( 50 % ) ) that the estimated fair value of a reporting unit is less than its carrying amount .', 'if an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not , the entity is then required to perform the .'] | ----------------------------------------
segment, structures, machinery and equipment
global rolled products, 31, 21
engineered products and solutions, 29, 17
transportation and construction solutions, 27, 19
---------------------------------------- | add(2200, 1647), multiply(#0, const_100), divide(#1, 70) | 5495.71429 |
is the long term debt maturing in 2021 greater than 2022? | Context: ['in january 2016 , the company issued $ 800 million of debt securities consisting of a $ 400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% ( 2.00 % ) and a $ 400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25% ( 3.25 % ) .', 'the proceeds were used to repay a portion of the company 2019s outstanding commercial paper , repay the remaining term loan balance , and for general corporate purposes .', 'the company 2019s public notes and 144a notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium .', 'upon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating , within a specified time period , the company would be required to offer to repurchase the public notes and 144a notes at a price equal to 101% ( 101 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase .', 'the public notes and 144a notes are senior unsecured and unsubordinated obligations of the company and rank equally with all other senior and unsubordinated indebtedness of the company .', 'the company entered into a registration rights agreement in connection with the issuance of the 144a notes .', 'subject to certain limitations set forth in the registration rights agreement , the company has agreed to ( i ) file a registration statement ( the 201cexchange offer registration statement 201d ) with respect to registered offers to exchange the 144a notes for exchange notes ( the 201cexchange notes 201d ) , which will have terms identical in all material respects to the new 10-year notes and new 30-year notes , as applicable , except that the exchange notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and ( ii ) use commercially reasonable efforts to cause the exchange offer registration statement to be declared effective within 270 days after the date of issuance of the 144a notes .', 'until such time as the exchange offer registration statement is declared effective , the 144a notes may only be sold in accordance with rule 144a or regulation s of the securities act of 1933 , as amended .', 'private notes the company 2019s private notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium .', 'upon the occurrence of specified changes of control involving the company , the company would be required to offer to repurchase the private notes at a price equal to 100% ( 100 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase .', 'additionally , the company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the company , when accompanied by a downgrade of the private notes below investment grade rating , within a specified time period .', 'the private notes are unsecured senior obligations of the company and rank equal in right of payment with all other senior indebtedness of the company .', 'the private notes shall be unconditionally guaranteed by subsidiaries of the company in certain circumstances , as described in the note purchase agreements as amended .', 'other debt during 2015 , the company acquired the beneficial interest in the trust owning the leased naperville facility resulting in debt assumption of $ 100.2 million and the addition of $ 135.2 million in property , plant and equipment .', 'certain administrative , divisional , and research and development personnel are based at the naperville facility .', 'cash paid as a result of the transaction was $ 19.8 million .', 'the assumption of debt and the majority of the property , plant and equipment addition represented non-cash financing and investing activities , respectively .', 'the remaining balance on the assumed debt was settled in december 2017 and was reflected in the "other" line of the table above at december 31 , 2016 .', 'covenants and future maturities the company is in compliance with all covenants under the company 2019s outstanding indebtedness at december 31 , 2017 .', 'as of december 31 , 2017 , the aggregate annual maturities of long-term debt for the next five years were : ( millions ) .']
Tabular Data:
----------------------------------------
• 2018, $ 550
• 2019, 397
• 2020, 300
• 2021, 1017
• 2022, 497
----------------------------------------
Additional Information: ['.'] | yes | ECL/2017/page_85.pdf-4 | ['in january 2016 , the company issued $ 800 million of debt securities consisting of a $ 400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% ( 2.00 % ) and a $ 400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25% ( 3.25 % ) .', 'the proceeds were used to repay a portion of the company 2019s outstanding commercial paper , repay the remaining term loan balance , and for general corporate purposes .', 'the company 2019s public notes and 144a notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium .', 'upon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating , within a specified time period , the company would be required to offer to repurchase the public notes and 144a notes at a price equal to 101% ( 101 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase .', 'the public notes and 144a notes are senior unsecured and unsubordinated obligations of the company and rank equally with all other senior and unsubordinated indebtedness of the company .', 'the company entered into a registration rights agreement in connection with the issuance of the 144a notes .', 'subject to certain limitations set forth in the registration rights agreement , the company has agreed to ( i ) file a registration statement ( the 201cexchange offer registration statement 201d ) with respect to registered offers to exchange the 144a notes for exchange notes ( the 201cexchange notes 201d ) , which will have terms identical in all material respects to the new 10-year notes and new 30-year notes , as applicable , except that the exchange notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and ( ii ) use commercially reasonable efforts to cause the exchange offer registration statement to be declared effective within 270 days after the date of issuance of the 144a notes .', 'until such time as the exchange offer registration statement is declared effective , the 144a notes may only be sold in accordance with rule 144a or regulation s of the securities act of 1933 , as amended .', 'private notes the company 2019s private notes may be redeemed by the company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium .', 'upon the occurrence of specified changes of control involving the company , the company would be required to offer to repurchase the private notes at a price equal to 100% ( 100 % ) of the aggregate principal amount thereof , plus any accrued and unpaid interest to the date of repurchase .', 'additionally , the company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the company , when accompanied by a downgrade of the private notes below investment grade rating , within a specified time period .', 'the private notes are unsecured senior obligations of the company and rank equal in right of payment with all other senior indebtedness of the company .', 'the private notes shall be unconditionally guaranteed by subsidiaries of the company in certain circumstances , as described in the note purchase agreements as amended .', 'other debt during 2015 , the company acquired the beneficial interest in the trust owning the leased naperville facility resulting in debt assumption of $ 100.2 million and the addition of $ 135.2 million in property , plant and equipment .', 'certain administrative , divisional , and research and development personnel are based at the naperville facility .', 'cash paid as a result of the transaction was $ 19.8 million .', 'the assumption of debt and the majority of the property , plant and equipment addition represented non-cash financing and investing activities , respectively .', 'the remaining balance on the assumed debt was settled in december 2017 and was reflected in the "other" line of the table above at december 31 , 2016 .', 'covenants and future maturities the company is in compliance with all covenants under the company 2019s outstanding indebtedness at december 31 , 2017 .', 'as of december 31 , 2017 , the aggregate annual maturities of long-term debt for the next five years were : ( millions ) .'] | ['.'] | ----------------------------------------
• 2018, $ 550
• 2019, 397
• 2020, 300
• 2021, 1017
• 2022, 497
---------------------------------------- | greater(1017, 497) | yes |
what was the consumer packaging profit margin in 2006 | Background: ['earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006 .', 'containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages .', 'sales volumes for u.s .', 'converted products will be higher due to more shipping days , but expected softer demand should cause the ship- ments per day to decrease .', 'average sales price real- izations are expected to be comparable to fourth- quarter averages .', 'an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter .', 'costs for wood , energy , starch , adhesives and freight are expected to increase .', 'manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills .', 'euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs .', 'consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .', 'in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , manufacturing efficiency and product mix .', 'consumer packaging net sales increased 9% ( 9 % ) compared with 2005 and 7% ( 7 % ) compared with 2004 .', 'operating profits rose 8% ( 8 % ) from 2005 , but declined 15% ( 15 % ) from 2004 levels .', 'compared with 2005 , higher sales volumes ( $ 9 million ) , improved average sales price realizations ( $ 33 million ) , reduced lack-of-order downtime ( $ 18 million ) , and favorable mill oper- ations ( $ 25 million ) were partially offset by higher raw material costs ( $ 19 million ) and freight costs ( $ 21 million ) , unfavorable mix ( $ 14 million ) and other costs ( $ 21 million ) .', 'consumer packaging in millions 2006 2005 2004 .']
Data Table:
****************************************
• in millions, 2006, 2005, 2004
• sales, $ 2455, $ 2245, $ 2295
• operating profit, $ 131, $ 121, $ 155
****************************************
Additional Information: ['coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .', 'sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .', 'in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .', 'average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .', 'operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .', 'the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .', 'foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .', 'sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .', 'operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .', 'raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .', 'shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .', 'sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .', 'average sales prices for the year were lower than in 2005 .', 'operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .', 'entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .', 'average sales price realizations are expected to rise with a price increase announced in january .', 'it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .', 'foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .', 'however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .', 'shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .', 'distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .'] | 0.05336 | IP/2006/page_32.pdf-4 | ['earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006 .', 'containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages .', 'sales volumes for u.s .', 'converted products will be higher due to more shipping days , but expected softer demand should cause the ship- ments per day to decrease .', 'average sales price real- izations are expected to be comparable to fourth- quarter averages .', 'an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter .', 'costs for wood , energy , starch , adhesives and freight are expected to increase .', 'manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills .', 'euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs .', 'consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity .', 'in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , manufacturing efficiency and product mix .', 'consumer packaging net sales increased 9% ( 9 % ) compared with 2005 and 7% ( 7 % ) compared with 2004 .', 'operating profits rose 8% ( 8 % ) from 2005 , but declined 15% ( 15 % ) from 2004 levels .', 'compared with 2005 , higher sales volumes ( $ 9 million ) , improved average sales price realizations ( $ 33 million ) , reduced lack-of-order downtime ( $ 18 million ) , and favorable mill oper- ations ( $ 25 million ) were partially offset by higher raw material costs ( $ 19 million ) and freight costs ( $ 21 million ) , unfavorable mix ( $ 14 million ) and other costs ( $ 21 million ) .', 'consumer packaging in millions 2006 2005 2004 .'] | ['coated paperboard net sales of $ 1.5 billion in 2006 were higher than $ 1.3 billion in 2005 and $ 1.1 billion in 2004 .', 'sales volumes increased in 2006 compared with 2005 , particularly in the folding car- ton board segment , reflecting improved demand for coated paperboard products .', 'in 2006 , our coated paperboard mills took 4000 tons of lack-of-order downtime , compared with 82000 tons of lack-of-order downtime in 2005 .', 'average sales price realizations were substantially improved in the cur- rent year , principally for folding carton board and cupstock board .', 'operating profits were 51% ( 51 % ) higher in 2006 than in 2005 , and 7% ( 7 % ) better than in 2004 .', 'the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight .', 'foodservice net sales declined to $ 396 million in 2006 , compared with $ 437 million in 2005 and $ 480 million in 2004 , due principally to the sale of the jackson , tennessee plant in july 2005 .', 'sales vol- umes were lower in 2006 than in 2005 , although average sales prices were higher due to the realiza- tion of price increases implemented during 2005 .', 'operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices .', 'raw material costs for bleached board were higher than in 2005 , but manufacturing costs were more favorable due to increased productivity and reduced waste .', 'shorewood net sales of $ 670 million were down from $ 691 million in 2005 and $ 687 million in 2004 .', 'sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets , although demand was strong in the tobacco segment .', 'average sales prices for the year were lower than in 2005 .', 'operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales , particularly in the higher margin home entertainment markets , higher raw material costs for bleached board and certain inventory adjustment costs .', 'entering 2007 , coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols .', 'average sales price realizations are expected to rise with a price increase announced in january .', 'it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter .', 'foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume .', 'however , sales price realizations will be slightly higher , and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix .', 'shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline , but the earnings impact will be partially offset by pricing improvements and an improved product mix .', 'distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in .'] | ****************************************
• in millions, 2006, 2005, 2004
• sales, $ 2455, $ 2245, $ 2295
• operating profit, $ 131, $ 121, $ 155
**************************************** | divide(131, 2455) | 0.05336 |
what is the percent increase in the fair value of plant asset after the acquisition date? | Pre-text: ['for the valuation of the 4199466 performance-based options granted in 2005 : the risk free interest rate was 4.2% ( 4.2 % ) , the volatility factor for the expected market price of the common stock was 44% ( 44 % ) , the expected dividend yield was zero and the objective time to exercise was 4.7 years with an objective in the money assumption of 2.95 years .', 'it was also expected that the initial public offering assumption would occur within a 9 month period from grant date .', 'the fair value of the performance-based options was calculated to be $ 5.85 .', 'the fair value for fis options granted in 2006 was estimated at the date of grant using a black-scholes option- pricing model with the following weighted average assumptions .', 'the risk free interest rates used in the calculation are the rate that corresponds to the weighted average expected life of an option .', 'the risk free interest rate used for options granted during 2006 was 4.9% ( 4.9 % ) .', 'a volatility factor for the expected market price of the common stock of 30% ( 30 % ) was used for options granted in 2006 .', 'the expected dividend yield used for 2006 was 0.5% ( 0.5 % ) .', 'a weighted average expected life of 6.4 years was used for 2006 .', 'the weighted average fair value of each option granted during 2006 was $ 15.52 .', 'at december 31 , 2006 , the total unrecognized compensation cost related to non-vested stock option grants is $ 86.1 million , which is expected to be recognized in pre-tax income over a weighted average period of 1.9 years .', 'the company intends to limit dilution caused by option exercises , including anticipated exercises , by repurchasing shares on the open market or in privately negotiated transactions .', 'during 2006 , the company repurchased 4261200 shares at an average price of $ 37.60 .', 'on october 25 , 2006 , the company 2019s board of directors approved a plan authorizing the repurchase of up to an additional $ 200 million worth of the company 2019s common stock .', 'defined benefit plans certegy pension plan in connection with the certegy merger , the company announced that it will terminate and settle the certegy u.s .', 'retirement income plan ( usrip ) .', 'the estimated impact of this settlement was reflected in the purchase price allocation as an increase in the pension liability , less the fair value of the pension plan assets , based on estimates of the total cost to settle the liability through the purchase of annuity contracts or lump sum settlements to the beneficiaries .', 'the final settlement will not occur until after an irs determination has been obtained , which is expected to be received in 2007 .', 'in addition to the net pension plan obligation of $ 21.6 million , the company assumed liabilities of $ 8.0 million for certegy 2019s supplemental executive retirement plan ( 201cserp 201d ) and $ 3.0 mil- lion for a postretirement benefit plan .', 'a reconciliation of the changes in the fair value of plan assets of the usrip for the period from february 1 , 2006 through december 31 , 2006 is as follows ( in thousands ) : .']
##########
Table:
, 2006
fair value of plan assets at acquisition date, $ 57369
actual return on plan assets, 8200
benefits paid, -797 ( 797 )
fair value of plan assets at end of year, $ 64772
##########
Post-table: ['benefits paid in the above table include only those amounts paid directly from plan assets .', 'as of december 31 , 2006 and for 2007 through the pay out of the pension liability , the assets are being invested in u.s .', 'treasury bonds due to the short duration until final payment .', 'fidelity national information services , inc .', 'and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .'] | 0.12904 | FIS/2006/page_98.pdf-2 | ['for the valuation of the 4199466 performance-based options granted in 2005 : the risk free interest rate was 4.2% ( 4.2 % ) , the volatility factor for the expected market price of the common stock was 44% ( 44 % ) , the expected dividend yield was zero and the objective time to exercise was 4.7 years with an objective in the money assumption of 2.95 years .', 'it was also expected that the initial public offering assumption would occur within a 9 month period from grant date .', 'the fair value of the performance-based options was calculated to be $ 5.85 .', 'the fair value for fis options granted in 2006 was estimated at the date of grant using a black-scholes option- pricing model with the following weighted average assumptions .', 'the risk free interest rates used in the calculation are the rate that corresponds to the weighted average expected life of an option .', 'the risk free interest rate used for options granted during 2006 was 4.9% ( 4.9 % ) .', 'a volatility factor for the expected market price of the common stock of 30% ( 30 % ) was used for options granted in 2006 .', 'the expected dividend yield used for 2006 was 0.5% ( 0.5 % ) .', 'a weighted average expected life of 6.4 years was used for 2006 .', 'the weighted average fair value of each option granted during 2006 was $ 15.52 .', 'at december 31 , 2006 , the total unrecognized compensation cost related to non-vested stock option grants is $ 86.1 million , which is expected to be recognized in pre-tax income over a weighted average period of 1.9 years .', 'the company intends to limit dilution caused by option exercises , including anticipated exercises , by repurchasing shares on the open market or in privately negotiated transactions .', 'during 2006 , the company repurchased 4261200 shares at an average price of $ 37.60 .', 'on october 25 , 2006 , the company 2019s board of directors approved a plan authorizing the repurchase of up to an additional $ 200 million worth of the company 2019s common stock .', 'defined benefit plans certegy pension plan in connection with the certegy merger , the company announced that it will terminate and settle the certegy u.s .', 'retirement income plan ( usrip ) .', 'the estimated impact of this settlement was reflected in the purchase price allocation as an increase in the pension liability , less the fair value of the pension plan assets , based on estimates of the total cost to settle the liability through the purchase of annuity contracts or lump sum settlements to the beneficiaries .', 'the final settlement will not occur until after an irs determination has been obtained , which is expected to be received in 2007 .', 'in addition to the net pension plan obligation of $ 21.6 million , the company assumed liabilities of $ 8.0 million for certegy 2019s supplemental executive retirement plan ( 201cserp 201d ) and $ 3.0 mil- lion for a postretirement benefit plan .', 'a reconciliation of the changes in the fair value of plan assets of the usrip for the period from february 1 , 2006 through december 31 , 2006 is as follows ( in thousands ) : .'] | ['benefits paid in the above table include only those amounts paid directly from plan assets .', 'as of december 31 , 2006 and for 2007 through the pay out of the pension liability , the assets are being invested in u.s .', 'treasury bonds due to the short duration until final payment .', 'fidelity national information services , inc .', 'and subsidiaries and affiliates consolidated and combined financial statements notes to consolidated and combined financial statements 2014 ( continued ) .'] | , 2006
fair value of plan assets at acquisition date, $ 57369
actual return on plan assets, 8200
benefits paid, -797 ( 797 )
fair value of plan assets at end of year, $ 64772 | subtract(64772, 57369), divide(#0, 57369) | 0.12904 |
what portion of total liabilities is due in less than 1 year? | Context: ['contractual cash flows following is a summary of our contractual payment obligations related to our consolidated debt , contingent consideration , operating leases , other commitments and long-term liabilities at september 30 , 2011 ( see notes 9 and 13 to the consolidated financial statements contained this annual report ) , ( in thousands ) : .']
##
Tabular Data:
obligation | payments due by period total | payments due by period less than 1year | payments due by period 1-3 years | payments due by period 3-5 years | payments due by period thereafter
short-term debt obligations | $ 26677 | $ 26677 | $ 2014 | $ 2014 | $ 2014
cash premium on convertible notes due march 2012 ( 1 ) | 23558 | 23558 | 2014 | 2014 | 2014
other commitments ( 2 ) | 5170 | 3398 | 1772 | 2014 | 2014
operating lease obligations | 37788 | 8247 | 13819 | 9780 | 5942
contingent consideration for business combinations ( 3 ) | 59400 | 58400 | 1000 | 2014 | 2014
other long-term liabilities ( 4 ) | 34199 | 2683 | 769 | 146 | 30601
total ( 5 ) | $ 186792 | $ 122963 | $ 17360 | $ 9926 | $ 36543
##
Additional Information: ['( 1 ) cash premiums related to the 201cif converted 201d value of the 2007 convertible notes that exceed aggregate principal balance using the closing stock price of $ 17.96 on september 30 , 2011 .', 'the actual amount of the cash premium will be calculated based on the 20 day average stock price prior to maturity .', 'a $ 1.00 change in our stock price would change the 201cif converted 201d value of the cash premium of the total aggregate principle amount of the remaining convertible notes by approximately $ 2.8 million .', '( 2 ) other commitments consist of contractual license and royalty payments , and other purchase obligations .', '( 3 ) contingent consideration related to business combinations is recorded at fair value and actual results could differ .', '( 4 ) other long-term liabilities includes our gross unrecognized tax benefits , as well as executive deferred compensation which are both classified as beyond five years due to the uncertain nature of the commitment .', '( 5 ) amounts do not include potential cash payments for the pending acquisition of aati .', 'critical accounting estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with gaap .', 'the preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities .', 'the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and which require our most difficult , complex or subjective judgments or estimates .', 'based on this definition , we believe our critical accounting policies include the policies of revenue recognition , allowance for doubtful accounts , inventory valuation , business combinations , valuation of long-lived assets , share-based compensation , income taxes , goodwill and intangibles , and loss contingencies .', 'on an ongoing basis , we evaluate the judgments and estimates underlying all of our accounting policies .', 'these estimates and the underlying assumptions affect the amounts of assets and liabilities reported , disclosures , and reported amounts of revenues and expenses .', 'these estimates and assumptions are based on our best judgments .', 'we evaluate our estimates and assumptions using historical experience and other factors , including the current economic environment , which we believe to be reasonable under the circumstances .', 'we adjust such estimates and assumptions when facts and circumstances dictate .', 'as future events and their effects cannot be determined with precision , actual results could differ significantly from these estimates .', 'page 80 skyworks / annual report 2011 .'] | 0.65829 | SWKS/2011/page_82.pdf-2 | ['contractual cash flows following is a summary of our contractual payment obligations related to our consolidated debt , contingent consideration , operating leases , other commitments and long-term liabilities at september 30 , 2011 ( see notes 9 and 13 to the consolidated financial statements contained this annual report ) , ( in thousands ) : .'] | ['( 1 ) cash premiums related to the 201cif converted 201d value of the 2007 convertible notes that exceed aggregate principal balance using the closing stock price of $ 17.96 on september 30 , 2011 .', 'the actual amount of the cash premium will be calculated based on the 20 day average stock price prior to maturity .', 'a $ 1.00 change in our stock price would change the 201cif converted 201d value of the cash premium of the total aggregate principle amount of the remaining convertible notes by approximately $ 2.8 million .', '( 2 ) other commitments consist of contractual license and royalty payments , and other purchase obligations .', '( 3 ) contingent consideration related to business combinations is recorded at fair value and actual results could differ .', '( 4 ) other long-term liabilities includes our gross unrecognized tax benefits , as well as executive deferred compensation which are both classified as beyond five years due to the uncertain nature of the commitment .', '( 5 ) amounts do not include potential cash payments for the pending acquisition of aati .', 'critical accounting estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with gaap .', 'the preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities .', 'the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and which require our most difficult , complex or subjective judgments or estimates .', 'based on this definition , we believe our critical accounting policies include the policies of revenue recognition , allowance for doubtful accounts , inventory valuation , business combinations , valuation of long-lived assets , share-based compensation , income taxes , goodwill and intangibles , and loss contingencies .', 'on an ongoing basis , we evaluate the judgments and estimates underlying all of our accounting policies .', 'these estimates and the underlying assumptions affect the amounts of assets and liabilities reported , disclosures , and reported amounts of revenues and expenses .', 'these estimates and assumptions are based on our best judgments .', 'we evaluate our estimates and assumptions using historical experience and other factors , including the current economic environment , which we believe to be reasonable under the circumstances .', 'we adjust such estimates and assumptions when facts and circumstances dictate .', 'as future events and their effects cannot be determined with precision , actual results could differ significantly from these estimates .', 'page 80 skyworks / annual report 2011 .'] | obligation | payments due by period total | payments due by period less than 1year | payments due by period 1-3 years | payments due by period 3-5 years | payments due by period thereafter
short-term debt obligations | $ 26677 | $ 26677 | $ 2014 | $ 2014 | $ 2014
cash premium on convertible notes due march 2012 ( 1 ) | 23558 | 23558 | 2014 | 2014 | 2014
other commitments ( 2 ) | 5170 | 3398 | 1772 | 2014 | 2014
operating lease obligations | 37788 | 8247 | 13819 | 9780 | 5942
contingent consideration for business combinations ( 3 ) | 59400 | 58400 | 1000 | 2014 | 2014
other long-term liabilities ( 4 ) | 34199 | 2683 | 769 | 146 | 30601
total ( 5 ) | $ 186792 | $ 122963 | $ 17360 | $ 9926 | $ 36543 | divide(122963, 186792) | 0.65829 |
based on average sales price , how much refined product sales revenue did mro achieve in 2008? | Background: ['the following table sets forth our refined products sales by product group and our average sales price for each of the last three years .', 'refined product sales ( thousands of barrels per day ) 2008 2007 2006 .']
Tabular Data:
----------------------------------------
• ( thousands of barrels per day ), 2008, 2007, 2006
• gasoline, 756, 791, 804
• distillates, 375, 377, 375
• propane, 22, 23, 23
• feedstocks and special products, 100, 103, 106
• heavy fuel oil, 23, 29, 26
• asphalt, 76, 87, 91
• total ( a ), 1352, 1410, 1425
• average sales price ( dollars per barrel ), $ 109.49, $ 86.53, $ 77.76
----------------------------------------
Additional Information: ['total ( a ) 1352 1410 1425 average sales price ( dollars per barrel ) $ 109.49 $ 86.53 $ 77.76 ( a ) includes matching buy/sell volumes of 24 mbpd in 2006 .', 'on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .', 'this change resulted in lower refined products sales volumes for 2008 , 2007 and the remainder of 2006 than would have been reported under our previous accounting practices .', 'see note 2 to the consolidated financial statements .', 'gasoline and distillates 2013 we sell gasoline , gasoline blendstocks and no .', '1 and no .', '2 fuel oils ( including kerosene , jet fuel , diesel fuel and home heating oil ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states .', 'we sold 47 percent of our gasoline volumes and 88 percent of our distillates volumes on a wholesale or spot market basis in 2008 .', 'the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months .', 'we have blended fuel ethanol into gasoline for over 15 years and began increasing our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels .', 'we blended 57 mbpd of ethanol into gasoline in 2008 , 41 mbpd in 2007 and 35 mbpd in 2006 .', 'the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations .', 'we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois .', 'we also sell biodiesel-blended diesel in minnesota , illinois and kentucky .', 'in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana .', 'we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio .', 'the greenville plant began production in february 2008 .', 'both of these facilities are managed by a co-owner .', 'propane 2013 we produce propane at all seven of our refineries .', 'propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles .', 'our propane sales are typically split evenly between the home heating market and industrial consumers .', 'feedstocks and special products 2013 we are a producer and marketer of petrochemicals and specialty products .', 'product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene .', 'we market propylene , cumene and sulfur domestically to customers in the chemical industry .', 'we sell maleic anhydride throughout the united states and canada .', 'we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 2700 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications .', 'in september 2008 , we shut down our lubes facility in catlettsburg , kentucky , and sold from inventory through december 31 , 2008 ; therefore , base oils , aromatic extracts and slack wax are no longer being produced and marketed .', 'in addition , we have recently discontinued production and sales of petroleum pitch and aliphatic solvents .', 'heavy fuel oil 2013 we produce and market heavy oil , also known as fuel oil , residual fuel or slurry at all seven of our refineries .', 'another product of crude oil , heavy oil is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product .', 'we also sell heavy fuel oil at our terminals in wellsville , ohio , and chattanooga , tennessee .', 'asphalt 2013 we have refinery based asphalt production capacity of up to 102 mbpd .', 'we market asphalt through 33 owned or leased terminals throughout the midwest and southeast .', 'we have a broad customer base , including .'] | 148030.48 | MRO/2008/page_44.pdf-3 | ['the following table sets forth our refined products sales by product group and our average sales price for each of the last three years .', 'refined product sales ( thousands of barrels per day ) 2008 2007 2006 .'] | ['total ( a ) 1352 1410 1425 average sales price ( dollars per barrel ) $ 109.49 $ 86.53 $ 77.76 ( a ) includes matching buy/sell volumes of 24 mbpd in 2006 .', 'on april 1 , 2006 , we changed our accounting for matching buy/sell arrangements as a result of a new accounting standard .', 'this change resulted in lower refined products sales volumes for 2008 , 2007 and the remainder of 2006 than would have been reported under our previous accounting practices .', 'see note 2 to the consolidated financial statements .', 'gasoline and distillates 2013 we sell gasoline , gasoline blendstocks and no .', '1 and no .', '2 fuel oils ( including kerosene , jet fuel , diesel fuel and home heating oil ) to wholesale marketing customers in the midwest , upper great plains , gulf coast and southeastern regions of the united states .', 'we sold 47 percent of our gasoline volumes and 88 percent of our distillates volumes on a wholesale or spot market basis in 2008 .', 'the demand for gasoline is seasonal in many of our markets , with demand typically being at its highest levels during the summer months .', 'we have blended fuel ethanol into gasoline for over 15 years and began increasing our blending program in 2007 , in part due to federal regulations that require us to use specified volumes of renewable fuels .', 'we blended 57 mbpd of ethanol into gasoline in 2008 , 41 mbpd in 2007 and 35 mbpd in 2006 .', 'the future expansion or contraction of our ethanol blending program will be driven by the economics of the ethanol supply and by government regulations .', 'we sell reformulated gasoline , which is also blended with ethanol , in parts of our marketing territory , including : chicago , illinois ; louisville , kentucky ; northern kentucky ; milwaukee , wisconsin and hartford , illinois .', 'we also sell biodiesel-blended diesel in minnesota , illinois and kentucky .', 'in 2007 , we acquired a 35 percent interest in an entity which owns and operates a 110-million-gallon-per-year ethanol production facility in clymers , indiana .', 'we also own a 50 percent interest in an entity which owns a 110-million-gallon-per-year ethanol production facility in greenville , ohio .', 'the greenville plant began production in february 2008 .', 'both of these facilities are managed by a co-owner .', 'propane 2013 we produce propane at all seven of our refineries .', 'propane is primarily used for home heating and cooking , as a feedstock within the petrochemical industry , for grain drying and as a fuel for trucks and other vehicles .', 'our propane sales are typically split evenly between the home heating market and industrial consumers .', 'feedstocks and special products 2013 we are a producer and marketer of petrochemicals and specialty products .', 'product availability varies by refinery and includes benzene , cumene , dilute naphthalene oil , molten maleic anhydride , molten sulfur , propylene , toluene and xylene .', 'we market propylene , cumene and sulfur domestically to customers in the chemical industry .', 'we sell maleic anhydride throughout the united states and canada .', 'we also have the capacity to produce 1400 tons per day of anode grade coke at our robinson refinery , which is used to make carbon anodes for the aluminum smelting industry , and 2700 tons per day of fuel grade coke at the garyville refinery , which is used for power generation and in miscellaneous industrial applications .', 'in september 2008 , we shut down our lubes facility in catlettsburg , kentucky , and sold from inventory through december 31 , 2008 ; therefore , base oils , aromatic extracts and slack wax are no longer being produced and marketed .', 'in addition , we have recently discontinued production and sales of petroleum pitch and aliphatic solvents .', 'heavy fuel oil 2013 we produce and market heavy oil , also known as fuel oil , residual fuel or slurry at all seven of our refineries .', 'another product of crude oil , heavy oil is primarily used in the utility and ship bunkering ( fuel ) industries , though there are other more specialized uses of the product .', 'we also sell heavy fuel oil at our terminals in wellsville , ohio , and chattanooga , tennessee .', 'asphalt 2013 we have refinery based asphalt production capacity of up to 102 mbpd .', 'we market asphalt through 33 owned or leased terminals throughout the midwest and southeast .', 'we have a broad customer base , including .'] | ----------------------------------------
• ( thousands of barrels per day ), 2008, 2007, 2006
• gasoline, 756, 791, 804
• distillates, 375, 377, 375
• propane, 22, 23, 23
• feedstocks and special products, 100, 103, 106
• heavy fuel oil, 23, 29, 26
• asphalt, 76, 87, 91
• total ( a ), 1352, 1410, 1425
• average sales price ( dollars per barrel ), $ 109.49, $ 86.53, $ 77.76
---------------------------------------- | multiply(1352, 109.49) | 148030.48 |
what was the ratio of the operating costs and expenses for cable communications compared to nbcuniversal in 2015 | Pre-text: ['consolidated costs and expenses the following graph illustrates the contributions to the increases in consolidated operating costs and expenses by our cable communications and nbcuniversal segments , as well as our corporate and other activities .', '$ 43000 $ 44000 $ 45000 $ 46000 $ 47000 $ 48000 $ 50000 $ 49000 2013 2015cable communications segment nbcuniversal segments corporate and other 2014 cable communications segment nbcuniversal segments corporate and other $ 43223 $ 1397 $ 41 $ 49832 $ 310 $ 45852 $ 1731 $ 2208 our consolidated operating costs and expenses in 2015 included expenses associated with our broadcast of the 2015 super bowl and our larger film slate , both of which are included in our nbcuniversal segments .', 'our consolidated operating costs and expenses in 2014 included expenses associated with our broadcast of the 2014 sochi olympics , which is reported in our nbcuniversal segments .', 'our consolidated operating costs and expenses also included transaction-related costs associated with the time warner cable merger and the related divestiture transactions of $ 178 million and $ 237 million in 2015 and 2014 , respectively , which is included in corporate and other .', 'on april 24 , 2015 , we and time warner cable inc .', 'terminated our planned merger and we terminated our related agreement with charter communications , inc .', 'to spin off , exchange and sell certain cable systems .', 'operating costs and expenses for our segments is discussed separately below under the heading 201csegment operating results . 201d operating costs and expenses for our other businesses is discussed separately below under the heading 201ccorporate and other results of operations . 201d consolidated depreciation and amortization year ended december 31 ( in millions ) 2015 2014 2013 % ( % ) change 2014 to 2015 % ( % ) change 2013 to 2014 .']
Data Table:
----------------------------------------
year ended december 31 ( in millions ) | 2015 | 2014 | 2013 | % ( % ) change 2014 to 2015 | % ( % ) change 2013 to 2014
----------|----------|----------|----------|----------|----------
cable communications | $ 7028 | $ 6422 | $ 6394 | 9.4% ( 9.4 % ) | 0.4% ( 0.4 % )
nbcuniversal | 1539 | 1495 | 1411 | 2.9 | 5.9
corporate and other | 113 | 102 | 66 | 10.3 | 58.1
comcast consolidated | $ 8680 | $ 8019 | $ 7871 | 8.2% ( 8.2 % ) | 1.9% ( 1.9 % )
----------------------------------------
Additional Information: ['consolidated depreciation and amortization expenses increased in 2015 primarily due to increases in capital expenditures , as well as expenditures for software , in our cable communications segment in recent years .', 'we continue to invest in customer premise equipment , primarily for our x1 platform , wireless gateways and cloud dvr technology , and in equipment to increase our network capacity .', 'in addition , because these assets generally have shorter estimated useful lives , our depreciation expenses have increased , which we expect will 47 comcast 2015 annual report on form 10-k .'] | 4.5666 | CMCSA/2015/page_50.pdf-1 | ['consolidated costs and expenses the following graph illustrates the contributions to the increases in consolidated operating costs and expenses by our cable communications and nbcuniversal segments , as well as our corporate and other activities .', '$ 43000 $ 44000 $ 45000 $ 46000 $ 47000 $ 48000 $ 50000 $ 49000 2013 2015cable communications segment nbcuniversal segments corporate and other 2014 cable communications segment nbcuniversal segments corporate and other $ 43223 $ 1397 $ 41 $ 49832 $ 310 $ 45852 $ 1731 $ 2208 our consolidated operating costs and expenses in 2015 included expenses associated with our broadcast of the 2015 super bowl and our larger film slate , both of which are included in our nbcuniversal segments .', 'our consolidated operating costs and expenses in 2014 included expenses associated with our broadcast of the 2014 sochi olympics , which is reported in our nbcuniversal segments .', 'our consolidated operating costs and expenses also included transaction-related costs associated with the time warner cable merger and the related divestiture transactions of $ 178 million and $ 237 million in 2015 and 2014 , respectively , which is included in corporate and other .', 'on april 24 , 2015 , we and time warner cable inc .', 'terminated our planned merger and we terminated our related agreement with charter communications , inc .', 'to spin off , exchange and sell certain cable systems .', 'operating costs and expenses for our segments is discussed separately below under the heading 201csegment operating results . 201d operating costs and expenses for our other businesses is discussed separately below under the heading 201ccorporate and other results of operations . 201d consolidated depreciation and amortization year ended december 31 ( in millions ) 2015 2014 2013 % ( % ) change 2014 to 2015 % ( % ) change 2013 to 2014 .'] | ['consolidated depreciation and amortization expenses increased in 2015 primarily due to increases in capital expenditures , as well as expenditures for software , in our cable communications segment in recent years .', 'we continue to invest in customer premise equipment , primarily for our x1 platform , wireless gateways and cloud dvr technology , and in equipment to increase our network capacity .', 'in addition , because these assets generally have shorter estimated useful lives , our depreciation expenses have increased , which we expect will 47 comcast 2015 annual report on form 10-k .'] | ----------------------------------------
year ended december 31 ( in millions ) | 2015 | 2014 | 2013 | % ( % ) change 2014 to 2015 | % ( % ) change 2013 to 2014
----------|----------|----------|----------|----------|----------
cable communications | $ 7028 | $ 6422 | $ 6394 | 9.4% ( 9.4 % ) | 0.4% ( 0.4 % )
nbcuniversal | 1539 | 1495 | 1411 | 2.9 | 5.9
corporate and other | 113 | 102 | 66 | 10.3 | 58.1
comcast consolidated | $ 8680 | $ 8019 | $ 7871 | 8.2% ( 8.2 % ) | 1.9% ( 1.9 % )
---------------------------------------- | divide(7028, 1539) | 4.5666 |
what was the average system energy 2019s receivables from 2008 to 2011 | Context: ['system energy resources , inc .', 'management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities .', 'system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .', 'all debt and common stock issuances by system energy require prior regulatory approval .', 'debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .', 'system energy has sufficient capacity under these tests to meet its foreseeable capital needs .', 'in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 .', 'system energy used the proceeds to purchase additional nuclear fuel .', 'system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million .', 'see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits .', 'system energy has also obtained an order from the ferc authorizing long-term securities issuances .', 'the current long-term authorization extends through july 2013 .', 'system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .']
Data Table:
2011 | 2010 | 2009 | 2008
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 120424 | $ 97948 | $ 90507 | $ 42915
Follow-up: ['see note 4 to the financial statements for a description of the money pool .', 'nuclear matters system energy owns and operates grand gulf .', 'system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .', 'these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .', 'in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .', 'after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states .', 'the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc .', 'it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations .', 'these orders may require u.s .', 'nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .'] | 175899.0 | ETR/2011/page_398.pdf-1 | ['system energy resources , inc .', 'management 2019s financial discussion and analysis sources of capital system energy 2019s sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt issuances ; and bank financing under new or existing facilities .', 'system energy may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .', 'all debt and common stock issuances by system energy require prior regulatory approval .', 'debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .', 'system energy has sufficient capacity under these tests to meet its foreseeable capital needs .', 'in february 2012 , system energy vie issued $ 50 million of 4.02% ( 4.02 % ) series h notes due february 2017 .', 'system energy used the proceeds to purchase additional nuclear fuel .', 'system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through october 2013 , up to the aggregate amount , at any one time outstanding , of $ 200 million .', 'see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits .', 'system energy has also obtained an order from the ferc authorizing long-term securities issuances .', 'the current long-term authorization extends through july 2013 .', 'system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years: .'] | ['see note 4 to the financial statements for a description of the money pool .', 'nuclear matters system energy owns and operates grand gulf .', 'system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .', 'these include risks from the use , storage , handling and disposal of high- level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .', 'in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .', 'after the nuclear incident in japan resulting from the march 2011 earthquake and tsunami , the nrc established a task force to conduct a review of processes and regulations relating to nuclear facilities in the united states .', 'the task force issued a near term ( 90-day ) report in july 2011 that has made recommendations , which are currently being evaluated by the nrc .', 'it is anticipated that the nrc will issue certain orders and requests for information to nuclear plant licensees by the end of the first quarter 2012 that will begin to implement the task force 2019s recommendations .', 'these orders may require u.s .', 'nuclear operators , including entergy , to undertake plant modifications or perform additional analyses that could , among other things , result in increased costs and capital requirements associated with operating entergy 2019s nuclear plants. .'] | 2011 | 2010 | 2009 | 2008
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 120424 | $ 97948 | $ 90507 | $ 42915 | add(120424, 97948), add(#0, 90507), add(#1, 42915), add(#2, const_4), divide(#3, const_2) | 175899.0 |
excluding 2008 adjustments , what was the balance of the rm&t segment goodwill as of december 31 2008 , in millions? | Pre-text: ['marathon oil corporation notes to consolidated financial statements the changes in the carrying amount of goodwill for the years ended december 31 , 2007 , and 2008 , were as follows : ( in millions ) e&p osm rm&t total .']
Data Table:
****************************************
Row 1: ( in millions ), e&p, osm, rm&t, total
Row 2: balance as of december 31 2006, $ 519, $ 2013, $ 879, $ 1398
Row 3: acquired, 71, 1437, 2013, 1508
Row 4: adjusted ( a ), 2013, 2013, -7 ( 7 ), -7 ( 7 )
Row 5: balance as of december 31 2007, 590, 1437, 872, 2899
Row 6: adjusted ( a ), -17 ( 17 ), -25 ( 25 ), 7, -35 ( 35 )
Row 7: impaired, 2013, -1412 ( 1412 ), 2013, -1412 ( 1412 )
Row 8: disposed ( b ), -5 ( 5 ), , 2013, -5 ( 5 )
Row 9: balance as of december 31 2008, $ 568, $ 2013, $ 879, $ 1447
****************************************
Follow-up: ['( a ) adjustments related to prior period income tax and royalty adjustments .', '( b ) goodwill was allocated to the norwegian outside-operated properties sold in 2008 .', '17 .', 'fair value measurements as defined in sfas no .', '157 , fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date .', 'sfas no .', '157 describes three approaches to measuring the fair value of assets and liabilities : the market approach , the income approach and the cost approach , each of which includes multiple valuation techniques .', 'the market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities .', 'the income approach uses valuation techniques to measure fair value by converting future amounts , such as cash flows or earnings , into a single present value amount using current market expectations about those future amounts .', 'the cost approach is based on the amount that would currently be required to replace the service capacity of an asset .', 'this is often referred to as current replacement cost .', 'the cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility , adjusted for obsolescence .', 'sfas no .', '157 does not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques .', 'sfas no .', '157 establishes a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques .', 'inputs broadly refer to the assumptions that market participants use to make pricing decisions , including assumptions about risk .', 'level 1 inputs are given the highest priority in the fair value hierarchy while level 3 inputs are given the lowest priority .', 'the three levels of the fair value hierarchy are as follows .', '2022 level 1 2013 observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date .', 'active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .', '2022 level 2 2013 observable market-based inputs or unobservable inputs that are corroborated by market data .', 'these are inputs other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .', '2022 level 3 2013 unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management 2019s best estimate of fair value .', 'we use a market or income approach for recurring fair value measurements and endeavor to use the best information available .', 'accordingly , valuation techniques that maximize the use of observable inputs are favored .', 'financial assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement .', 'the assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy. .'] | 872.0 | MRO/2008/page_130.pdf-2 | ['marathon oil corporation notes to consolidated financial statements the changes in the carrying amount of goodwill for the years ended december 31 , 2007 , and 2008 , were as follows : ( in millions ) e&p osm rm&t total .'] | ['( a ) adjustments related to prior period income tax and royalty adjustments .', '( b ) goodwill was allocated to the norwegian outside-operated properties sold in 2008 .', '17 .', 'fair value measurements as defined in sfas no .', '157 , fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date .', 'sfas no .', '157 describes three approaches to measuring the fair value of assets and liabilities : the market approach , the income approach and the cost approach , each of which includes multiple valuation techniques .', 'the market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities .', 'the income approach uses valuation techniques to measure fair value by converting future amounts , such as cash flows or earnings , into a single present value amount using current market expectations about those future amounts .', 'the cost approach is based on the amount that would currently be required to replace the service capacity of an asset .', 'this is often referred to as current replacement cost .', 'the cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility , adjusted for obsolescence .', 'sfas no .', '157 does not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques .', 'sfas no .', '157 establishes a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques .', 'inputs broadly refer to the assumptions that market participants use to make pricing decisions , including assumptions about risk .', 'level 1 inputs are given the highest priority in the fair value hierarchy while level 3 inputs are given the lowest priority .', 'the three levels of the fair value hierarchy are as follows .', '2022 level 1 2013 observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date .', 'active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis .', '2022 level 2 2013 observable market-based inputs or unobservable inputs that are corroborated by market data .', 'these are inputs other than quoted prices in active markets included in level 1 , which are either directly or indirectly observable as of the reporting date .', '2022 level 3 2013 unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management 2019s best estimate of fair value .', 'we use a market or income approach for recurring fair value measurements and endeavor to use the best information available .', 'accordingly , valuation techniques that maximize the use of observable inputs are favored .', 'financial assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement .', 'the assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy. .'] | ****************************************
Row 1: ( in millions ), e&p, osm, rm&t, total
Row 2: balance as of december 31 2006, $ 519, $ 2013, $ 879, $ 1398
Row 3: acquired, 71, 1437, 2013, 1508
Row 4: adjusted ( a ), 2013, 2013, -7 ( 7 ), -7 ( 7 )
Row 5: balance as of december 31 2007, 590, 1437, 872, 2899
Row 6: adjusted ( a ), -17 ( 17 ), -25 ( 25 ), 7, -35 ( 35 )
Row 7: impaired, 2013, -1412 ( 1412 ), 2013, -1412 ( 1412 )
Row 8: disposed ( b ), -5 ( 5 ), , 2013, -5 ( 5 )
Row 9: balance as of december 31 2008, $ 568, $ 2013, $ 879, $ 1447
**************************************** | subtract(879, const_7) | 872.0 |
what was the percentage decline in the operating loss from 2007 to 2008 | Context: ['with these types of uncapped damage provisions are fairly rare , but individual contracts could still represent meaningful risk .', 'there is a possibility that a damage claim by a counterparty to one of these contracts could result in expenses to the company that are far in excess of the revenue received from the counterparty in connection with the contract .', 'indemnification provisions : in addition , the company may provide indemnifications for losses that result from the breach of general warranties contained in certain commercial , intellectual property and divestiture agreements .', 'historically , the company has not made significant payments under these agreements , nor have there been significant claims asserted against the company .', 'however , there is an increasing risk in relation to intellectual property indemnities given the current legal climate .', 'in indemnification cases , payment by the company is conditioned on the other party making a claim pursuant to the procedures specified in the particular contract , which procedures typically allow the company to challenge the other party 2019s claims .', 'further , the company 2019s obligations under these agreements for indemnification based on breach of representations and warranties are generally limited in terms of duration , typically not more than 24 months , and for amounts not in excess of the contract value , and in some instances the company may have recourse against third parties for certain payments made by the company .', 'legal matters : the company is a defendant in various lawsuits , claims and actions , which arise in the normal course of business .', 'these include actions relating to products , contracts and securities , as well as matters initiated by third parties or motorola relating to infringements of patents , violations of licensing arrangements and other intellectual property-related matters .', 'in the opinion of management , the ultimate disposition of these matters will not have a material adverse effect on the company 2019s consolidated financial position , liquidity or results of operations .', 'segment information the following commentary should be read in conjunction with the financial results of each reporting segment as detailed in note 12 , 201cinformation by segment and geographic region , 201d to the company 2019s consolidated financial statements .', 'net sales and operating results for the company 2019s three operating segments for 2008 , 2007 and 2006 are presented below .', 'mobile devices segment the mobile devices segment designs , manufactures , sells and services wireless handsets with integrated software and accessory products , and licenses intellectual property .', 'in 2008 , the segment 2019s net sales represented 40% ( 40 % ) of the company 2019s consolidated net sales , compared to 52% ( 52 % ) in 2007 and 66% ( 66 % ) in 2006 .', '( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .']
--
Table:
----------------------------------------
• ( dollars in millions ), years ended december 31 2008, years ended december 31 2007, years ended december 31 2006, years ended december 31 2008 20142007, 2007 20142006
• segment net sales, $ 12099, $ 18988, $ 28383, ( 36 ) % ( % ), ( 33 ) % ( % )
• operating earnings ( loss ), -2199 ( 2199 ), -1201 ( 1201 ), 2690, 83% ( 83 % ), ***
----------------------------------------
--
Additional Information: ['*** percentage change is not meaningful .', 'segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales were $ 12.1 billion , a decrease of 36% ( 36 % ) compared to net sales of $ 19.0 billion in 2007 .', 'the 36% ( 36 % ) decrease in net sales was primarily driven by a 37% ( 37 % ) decrease in unit shipments .', 'the segment 2019s net sales were negatively impacted by the segment 2019s limited product offerings in critical market segments , particularly 3g products , including smartphones , as well as very low-tier products .', 'in addition , the segment 2019s net sales were impacted by the global economic downturn in the second half of 2008 , which resulted in the slowing of end user demand .', 'on a product technology basis , net sales decreased substantially for gsm and cdma technologies and , to a lesser extent , decreased for iden and 3g technologies .', 'on a geographic basis , net sales decreased substantially in north america , the europe , middle east and africa region ( 201cemea 201d ) and asia and , to a lesser extent , decreased in latin america .', 'the segment incurred an operating loss of $ 2.2 billion in 2008 , compared to an operating loss of $ 1.2 billion in 2007 .', 'the increase in the operating loss was primarily due to a decrease in gross margin , driven by : ( i ) a 36% ( 36 % ) decrease in net sales , ( ii ) excess inventory and other related charges of $ 370 million in 2008 due to a decision to 61management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 064000000 ***%%pcmsg|61 |00028|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .'] | -0.83333 | MSI/2008/page_69.pdf-2 | ['with these types of uncapped damage provisions are fairly rare , but individual contracts could still represent meaningful risk .', 'there is a possibility that a damage claim by a counterparty to one of these contracts could result in expenses to the company that are far in excess of the revenue received from the counterparty in connection with the contract .', 'indemnification provisions : in addition , the company may provide indemnifications for losses that result from the breach of general warranties contained in certain commercial , intellectual property and divestiture agreements .', 'historically , the company has not made significant payments under these agreements , nor have there been significant claims asserted against the company .', 'however , there is an increasing risk in relation to intellectual property indemnities given the current legal climate .', 'in indemnification cases , payment by the company is conditioned on the other party making a claim pursuant to the procedures specified in the particular contract , which procedures typically allow the company to challenge the other party 2019s claims .', 'further , the company 2019s obligations under these agreements for indemnification based on breach of representations and warranties are generally limited in terms of duration , typically not more than 24 months , and for amounts not in excess of the contract value , and in some instances the company may have recourse against third parties for certain payments made by the company .', 'legal matters : the company is a defendant in various lawsuits , claims and actions , which arise in the normal course of business .', 'these include actions relating to products , contracts and securities , as well as matters initiated by third parties or motorola relating to infringements of patents , violations of licensing arrangements and other intellectual property-related matters .', 'in the opinion of management , the ultimate disposition of these matters will not have a material adverse effect on the company 2019s consolidated financial position , liquidity or results of operations .', 'segment information the following commentary should be read in conjunction with the financial results of each reporting segment as detailed in note 12 , 201cinformation by segment and geographic region , 201d to the company 2019s consolidated financial statements .', 'net sales and operating results for the company 2019s three operating segments for 2008 , 2007 and 2006 are presented below .', 'mobile devices segment the mobile devices segment designs , manufactures , sells and services wireless handsets with integrated software and accessory products , and licenses intellectual property .', 'in 2008 , the segment 2019s net sales represented 40% ( 40 % ) of the company 2019s consolidated net sales , compared to 52% ( 52 % ) in 2007 and 66% ( 66 % ) in 2006 .', '( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change .'] | ['*** percentage change is not meaningful .', 'segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales were $ 12.1 billion , a decrease of 36% ( 36 % ) compared to net sales of $ 19.0 billion in 2007 .', 'the 36% ( 36 % ) decrease in net sales was primarily driven by a 37% ( 37 % ) decrease in unit shipments .', 'the segment 2019s net sales were negatively impacted by the segment 2019s limited product offerings in critical market segments , particularly 3g products , including smartphones , as well as very low-tier products .', 'in addition , the segment 2019s net sales were impacted by the global economic downturn in the second half of 2008 , which resulted in the slowing of end user demand .', 'on a product technology basis , net sales decreased substantially for gsm and cdma technologies and , to a lesser extent , decreased for iden and 3g technologies .', 'on a geographic basis , net sales decreased substantially in north america , the europe , middle east and africa region ( 201cemea 201d ) and asia and , to a lesser extent , decreased in latin america .', 'the segment incurred an operating loss of $ 2.2 billion in 2008 , compared to an operating loss of $ 1.2 billion in 2007 .', 'the increase in the operating loss was primarily due to a decrease in gross margin , driven by : ( i ) a 36% ( 36 % ) decrease in net sales , ( ii ) excess inventory and other related charges of $ 370 million in 2008 due to a decision to 61management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 064000000 ***%%pcmsg|61 |00028|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .'] | ----------------------------------------
• ( dollars in millions ), years ended december 31 2008, years ended december 31 2007, years ended december 31 2006, years ended december 31 2008 20142007, 2007 20142006
• segment net sales, $ 12099, $ 18988, $ 28383, ( 36 ) % ( % ), ( 33 ) % ( % )
• operating earnings ( loss ), -2199 ( 2199 ), -1201 ( 1201 ), 2690, 83% ( 83 % ), ***
---------------------------------------- | subtract(1.2, 2.2), divide(#0, 1.2) | -0.83333 |
at december 2010 what was the percent of the losses related to employee stock options included in the net federal operating loss carry forwards | Context: ['american tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 .', 'the increase was primarily due to valuation allowances on foreign loss carryforwards .', 'at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items .', 'the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .', 'valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability .', 'the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations .', 'the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period .', 'accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .', 'based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .', 'the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses .', 'total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized .', 'at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion .', 'if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .']
--
Data Table:
========================================
Row 1: years ended december 31,, federal, state, foreign
Row 2: 2011 to 2015, $ 2014, $ 2014, $ 503
Row 3: 2016 to 2020, 2014, 331315, 5509
Row 4: 2021 to 2025, 774209, 576780, 2014
Row 5: 2026 to 2030, 423398, 279908, 92412
Row 6: total, $ 1197607, $ 1188003, $ 98424
========================================
--
Additional Information: ['in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .'] | 0.25 | AMT/2010/page_111.pdf-3 | ['american tower corporation and subsidiaries notes to consolidated financial statements the valuation allowance increased from $ 47.8 million as of december 31 , 2009 to $ 48.2 million as of december 31 , 2010 .', 'the increase was primarily due to valuation allowances on foreign loss carryforwards .', 'at december 31 , 2010 , the company has provided a valuation allowance of approximately $ 48.2 million which primarily relates to state net operating loss carryforwards , equity investments and foreign items .', 'the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .', 'valuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets 2019 recoverability .', 'the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing projections based on its current operations .', 'the projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period .', 'accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .', 'based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .', 'the company 2019s deferred tax assets as of december 31 , 2010 and 2009 in the table above do not include $ 122.1 million and $ 113.9 million , respectively , of excess tax benefits from the exercises of employee stock options that are a component of net operating losses .', 'total stockholders 2019 equity as of december 31 , 2010 will be increased by $ 122.1 million if and when any such excess tax benefits are ultimately realized .', 'at december 31 , 2010 , the company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $ 1.2 billion , including losses related to employee stock options of $ 0.3 billion .', 'if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .'] | ['in addition , the company has mexican tax credits of $ 5.2 million which if not utilized would expire in 2017. .'] | ========================================
Row 1: years ended december 31,, federal, state, foreign
Row 2: 2011 to 2015, $ 2014, $ 2014, $ 503
Row 3: 2016 to 2020, 2014, 331315, 5509
Row 4: 2021 to 2025, 774209, 576780, 2014
Row 5: 2026 to 2030, 423398, 279908, 92412
Row 6: total, $ 1197607, $ 1188003, $ 98424
======================================== | divide(0.3, 1.2) | 0.25 |
in the consumer loan business , what percent of the adjustable rate borrowers weren't making any principal payments? | Pre-text: ['management 2019s discussion and analysis 132 jpmorgan chase & co./2010 annual report unpaid principal balance due to negative amortization of option arms was $ 24 million and $ 78 million at december 31 , 2010 and 2009 , respectively .', 'the firm estimates the following balances of option arm loans will experience a recast that results in a payment increase : $ 72 million in 2011 , $ 241 million in 2012 and $ 784 million in 2013 .', 'the firm did not originate option arms and new originations of option arms were discontinued by washington mutual prior to the date of jpmorgan chase 2019s acquisition of its banking operations .', 'subprime mortgages at december 31 , 2010 were $ 11.3 billion , compared with $ 12.5 billion at december 31 , 2009 .', 'the decrease was due to paydowns and charge-offs on delinquent loans , partially offset by the addition of loans as a result of the adoption of the accounting guidance related to vies .', 'late-stage delinquencies remained elevated but continued to improve , albeit at a slower rate during the second half of the year , while early-stage delinquencies stabilized at an elevated level during this period .', 'nonaccrual loans improved largely as a result of the improvement in late-stage delinquencies .', 'charge-offs reflected modest improvement .', 'auto : auto loans at december 31 , 2010 , were $ 48.4 billion , compared with $ 46.0 billion at december 31 , 2009 .', 'delinquent and nonaccrual loans have decreased .', 'in addition , net charge-offs have declined 52% ( 52 % ) from the prior year .', 'provision expense de- creased due to favorable loss severity as a result of a strong used- car market nationwide and reduced loss frequency due to the tightening of underwriting criteria in earlier periods .', 'the auto loan portfolio reflected a high concentration of prime quality credits .', 'business banking : business banking loans at december 31 , 2010 , were $ 16.8 billion , compared with $ 17.0 billion at december 31 , 2009 .', 'the decrease was primarily a result of run-off of the washington mutual portfolio and charge-offs on delinquent loans .', 'these loans primarily include loans which are highly collateralized , often with personal loan guarantees .', 'nonaccrual loans continued to remain elevated .', 'after having increased during the first half of 2010 , nonaccrual loans as of december 31 , 2010 , declined to year-end 2009 levels .', 'student and other : student and other loans at december 31 , 2010 , including loans held-for-sale , were $ 15.3 billion , compared with $ 16.4 billion at december 31 , 2009 .', 'other loans primarily include other secured and unsecured consumer loans .', 'delinquencies reflected some stabilization in the second half of 2010 , but remained elevated .', 'charge-offs during 2010 remained relatively flat with 2009 levels reflecting the impact of elevated unemployment levels .', 'purchased credit-impaired loans : pci loans at december 31 , 2010 , were $ 72.8 billion compared with $ 81.2 billion at december 31 , 2009 .', 'this portfolio represents loans acquired in the washing- ton mutual transaction that were recorded at fair value at the time of acquisition .', 'that fair value included an estimate of credit losses expected to be realized over the remaining lives of the loans , and therefore no allowance for loan losses was recorded for these loans as of the acquisition date .', 'the firm regularly updates the amount of principal and interest cash flows expected to be collected for these loans .', 'probable decreases in expected loan principal cash flows would trigger the recognition of impairment through the provision for loan losses .', 'probable and significant increases in expected cash flows ( e.g. , decreased principal credit losses , the net benefit of modifications ) would first reverse any previously recorded allowance for loan losses , with any remaining increase in the expected cash flows recognized prospectively in interest income over the remaining estimated lives of the underlying loans .', 'during 2010 , management concluded as part of the firm 2019s regular assessment of the pci pools that it was probable that higher expected principal credit losses would result in a decrease in expected cash flows .', 'accordingly , the firm recognized an aggregate $ 3.4 billion impairment related to the home equity , prime mortgage , option arm and subprime mortgage pci portfolios .', 'as a result of this impairment , the firm 2019s allowance for loan losses for the home equity , prime mortgage , option arm and subprime mortgage pci portfolios was $ 1.6 billion , $ 1.8 billion , $ 1.5 billion and $ 98 million , respectively , at december 31 , 2010 , compared with an allowance for loan losses of $ 1.1 billion and $ 491 million for the prime mortgage and option arm pci portfolios , respectively , at december 31 , 2009 .', 'approximately 39% ( 39 % ) of the option arm borrowers were delinquent , 5% ( 5 % ) were making interest-only or negatively amortizing payments , and 56% ( 56 % ) were making amortizing payments .', 'approximately 50% ( 50 % ) of current borrowers are subject to risk of payment shock due to future payment recast ; substantially all of the remaining loans have been modified to a fixed rate fully amortizing loan .', 'the cumulative amount of unpaid interest added to the unpaid principal balance of the option arm pci pool was $ 1.4 billion and $ 1.9 billion at de- cember 31 , 2010 and 2009 , respectively .', 'the firm estimates the following balances of option arm pci loans will experience a recast that results in a payment increase : $ 1.2 billion in 2011 , $ 2.7 billion in 2012 and $ 508 million in 2013 .', 'the following table provides a summary of lifetime loss estimates included in both the nonaccretable difference and the allowance for loan losses .', 'principal charge-offs will not be recorded on these pools until the nonaccretable difference has been fully depleted .', 'lifetime loss estimates ( a ) ltd liquidation losses ( b ) .']
##
Data Table:
========================================
december 31 ( in millions ) lifetime loss estimates ( a ) 2010 lifetime loss estimates ( a ) 2009 lifetime loss estimates ( a ) 2010 2009
option arms $ 11588 $ 10650 $ 4860 $ 1744
home equity 14698 13138 8810 6060
prime mortgage 4870 4240 1495 794
subprime mortgage 3732 3842 1250 796
total $ 34888 $ 31870 $ 16415 $ 9394
========================================
##
Post-table: ['( a ) includes the original nonaccretable difference established in purchase accounting of $ 30.5 billion for principal losses only .', 'the remaining nonaccretable difference for principal losses only was $ 14.1 billion and $ 21.1 billion at december 31 , 2010 and 2009 , respectively .', 'all probable increases in principal losses and foregone interest subsequent to the purchase date are reflected in the allowance for loan losses .', '( b ) life-to-date ( 201cltd 201d ) liquidation losses represent realization of loss upon loan resolution. .'] | 61.0 | JPM/2010/page_132.pdf-4 | ['management 2019s discussion and analysis 132 jpmorgan chase & co./2010 annual report unpaid principal balance due to negative amortization of option arms was $ 24 million and $ 78 million at december 31 , 2010 and 2009 , respectively .', 'the firm estimates the following balances of option arm loans will experience a recast that results in a payment increase : $ 72 million in 2011 , $ 241 million in 2012 and $ 784 million in 2013 .', 'the firm did not originate option arms and new originations of option arms were discontinued by washington mutual prior to the date of jpmorgan chase 2019s acquisition of its banking operations .', 'subprime mortgages at december 31 , 2010 were $ 11.3 billion , compared with $ 12.5 billion at december 31 , 2009 .', 'the decrease was due to paydowns and charge-offs on delinquent loans , partially offset by the addition of loans as a result of the adoption of the accounting guidance related to vies .', 'late-stage delinquencies remained elevated but continued to improve , albeit at a slower rate during the second half of the year , while early-stage delinquencies stabilized at an elevated level during this period .', 'nonaccrual loans improved largely as a result of the improvement in late-stage delinquencies .', 'charge-offs reflected modest improvement .', 'auto : auto loans at december 31 , 2010 , were $ 48.4 billion , compared with $ 46.0 billion at december 31 , 2009 .', 'delinquent and nonaccrual loans have decreased .', 'in addition , net charge-offs have declined 52% ( 52 % ) from the prior year .', 'provision expense de- creased due to favorable loss severity as a result of a strong used- car market nationwide and reduced loss frequency due to the tightening of underwriting criteria in earlier periods .', 'the auto loan portfolio reflected a high concentration of prime quality credits .', 'business banking : business banking loans at december 31 , 2010 , were $ 16.8 billion , compared with $ 17.0 billion at december 31 , 2009 .', 'the decrease was primarily a result of run-off of the washington mutual portfolio and charge-offs on delinquent loans .', 'these loans primarily include loans which are highly collateralized , often with personal loan guarantees .', 'nonaccrual loans continued to remain elevated .', 'after having increased during the first half of 2010 , nonaccrual loans as of december 31 , 2010 , declined to year-end 2009 levels .', 'student and other : student and other loans at december 31 , 2010 , including loans held-for-sale , were $ 15.3 billion , compared with $ 16.4 billion at december 31 , 2009 .', 'other loans primarily include other secured and unsecured consumer loans .', 'delinquencies reflected some stabilization in the second half of 2010 , but remained elevated .', 'charge-offs during 2010 remained relatively flat with 2009 levels reflecting the impact of elevated unemployment levels .', 'purchased credit-impaired loans : pci loans at december 31 , 2010 , were $ 72.8 billion compared with $ 81.2 billion at december 31 , 2009 .', 'this portfolio represents loans acquired in the washing- ton mutual transaction that were recorded at fair value at the time of acquisition .', 'that fair value included an estimate of credit losses expected to be realized over the remaining lives of the loans , and therefore no allowance for loan losses was recorded for these loans as of the acquisition date .', 'the firm regularly updates the amount of principal and interest cash flows expected to be collected for these loans .', 'probable decreases in expected loan principal cash flows would trigger the recognition of impairment through the provision for loan losses .', 'probable and significant increases in expected cash flows ( e.g. , decreased principal credit losses , the net benefit of modifications ) would first reverse any previously recorded allowance for loan losses , with any remaining increase in the expected cash flows recognized prospectively in interest income over the remaining estimated lives of the underlying loans .', 'during 2010 , management concluded as part of the firm 2019s regular assessment of the pci pools that it was probable that higher expected principal credit losses would result in a decrease in expected cash flows .', 'accordingly , the firm recognized an aggregate $ 3.4 billion impairment related to the home equity , prime mortgage , option arm and subprime mortgage pci portfolios .', 'as a result of this impairment , the firm 2019s allowance for loan losses for the home equity , prime mortgage , option arm and subprime mortgage pci portfolios was $ 1.6 billion , $ 1.8 billion , $ 1.5 billion and $ 98 million , respectively , at december 31 , 2010 , compared with an allowance for loan losses of $ 1.1 billion and $ 491 million for the prime mortgage and option arm pci portfolios , respectively , at december 31 , 2009 .', 'approximately 39% ( 39 % ) of the option arm borrowers were delinquent , 5% ( 5 % ) were making interest-only or negatively amortizing payments , and 56% ( 56 % ) were making amortizing payments .', 'approximately 50% ( 50 % ) of current borrowers are subject to risk of payment shock due to future payment recast ; substantially all of the remaining loans have been modified to a fixed rate fully amortizing loan .', 'the cumulative amount of unpaid interest added to the unpaid principal balance of the option arm pci pool was $ 1.4 billion and $ 1.9 billion at de- cember 31 , 2010 and 2009 , respectively .', 'the firm estimates the following balances of option arm pci loans will experience a recast that results in a payment increase : $ 1.2 billion in 2011 , $ 2.7 billion in 2012 and $ 508 million in 2013 .', 'the following table provides a summary of lifetime loss estimates included in both the nonaccretable difference and the allowance for loan losses .', 'principal charge-offs will not be recorded on these pools until the nonaccretable difference has been fully depleted .', 'lifetime loss estimates ( a ) ltd liquidation losses ( b ) .'] | ['( a ) includes the original nonaccretable difference established in purchase accounting of $ 30.5 billion for principal losses only .', 'the remaining nonaccretable difference for principal losses only was $ 14.1 billion and $ 21.1 billion at december 31 , 2010 and 2009 , respectively .', 'all probable increases in principal losses and foregone interest subsequent to the purchase date are reflected in the allowance for loan losses .', '( b ) life-to-date ( 201cltd 201d ) liquidation losses represent realization of loss upon loan resolution. .'] | ========================================
december 31 ( in millions ) lifetime loss estimates ( a ) 2010 lifetime loss estimates ( a ) 2009 lifetime loss estimates ( a ) 2010 2009
option arms $ 11588 $ 10650 $ 4860 $ 1744
home equity 14698 13138 8810 6060
prime mortgage 4870 4240 1495 794
subprime mortgage 3732 3842 1250 796
total $ 34888 $ 31870 $ 16415 $ 9394
======================================== | add(56, 5) | 61.0 |
what were total asphalt sales in millions for the three year period? | Background: ['at its catlettsburg , kentucky refinery , map has completed the approximately $ 440 million multi-year integrated investment program to upgrade product yield realizations and reduce fixed and variable manufacturing expenses .', 'this program involves the expansion , conversion and retirement of certain refinery processing units that , in addition to improving profitability , will allow the refinery to begin producing low-sulfur ( tier 2 ) gasoline .', 'project startup was in the first quarter of 2004 .', 'in the fourth quarter of 2003 , map commenced approximately $ 300 million in new capital projects for its 74000 bpd detroit , michigan refinery .', 'one of the projects , a $ 110 million expansion project , is expected to raise the crude oil capacity at the refinery by 35 percent to 100000 bpd .', 'other projects are expected to enable the refinery to produce new clean fuels and further control regulated air emissions .', 'completion of the projects is scheduled for the fourth quarter of 2005 .', 'marathon will loan map the funds necessary for these upgrade and expansion projects .', 'marketing in 2003 , map 2019s refined product sales volumes ( excluding matching buy/sell transactions ) totaled 19.8 billion gallons ( 1293000 bpd ) .', 'excluding sales related to matching buy/sell transactions , the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers , primarily located in the midwest , the upper great plains and the southeast , and sales in the spot market , accounted for approximately 70 percent of map 2019s refined product sales volumes in 2003 .', 'approximately 50 percent of map 2019s gasoline volumes and 91 percent of its distillate volumes were sold on a wholesale or spot market basis to independent unbranded customers or other wholesalers in 2003 .', 'approximately half of map 2019s propane is sold into the home heating markets and industrial consumers purchase the balance .', 'propylene , cumene , aromatics , aliphatics , and sulfur are marketed to customers in the chemical industry .', 'base lube oils and slack wax are sold throughout the united states .', 'pitch is also sold domestically , but approximately 13 percent of pitch products are exported into growing markets in canada , mexico , india , and south america .', 'map markets asphalt through owned and leased terminals throughout the midwest and southeast .', 'the map customer base includes approximately 900 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers .', 'the following table sets forth the volume of map 2019s consolidated refined product sales by product group for each of the last three years : refined product sales ( thousands of barrels per day ) 2003 2002 2001 .']
--
Tabular Data:
========================================
• ( thousands of barrels per day ), 2003, 2002, 2001
• gasoline, 776, 773, 748
• distillates, 365, 346, 345
• propane, 21, 22, 21
• feedstocks and special products, 97, 82, 71
• heavy fuel oil, 24, 20, 41
• asphalt, 74, 75, 78
• total, 1357, 1318, 1304
• matching buy/sell volumes included in above, 64, 71, 45
========================================
--
Post-table: ['map sells reformulated gasoline in parts of its marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin .', 'map also sells low-vapor-pressure gasoline in nine states .', 'as of december 31 , 2003 , map supplied petroleum products to approximately 3900 marathon and ashland branded retail outlets located primarily in michigan , ohio , indiana , kentucky and illinois .', 'branded retail outlets are also located in florida , georgia , wisconsin , west virginia , minnesota , tennessee , virginia , pennsylvania , north carolina , south carolina and alabama. .'] | 227.0 | MRO/2003/page_45.pdf-1 | ['at its catlettsburg , kentucky refinery , map has completed the approximately $ 440 million multi-year integrated investment program to upgrade product yield realizations and reduce fixed and variable manufacturing expenses .', 'this program involves the expansion , conversion and retirement of certain refinery processing units that , in addition to improving profitability , will allow the refinery to begin producing low-sulfur ( tier 2 ) gasoline .', 'project startup was in the first quarter of 2004 .', 'in the fourth quarter of 2003 , map commenced approximately $ 300 million in new capital projects for its 74000 bpd detroit , michigan refinery .', 'one of the projects , a $ 110 million expansion project , is expected to raise the crude oil capacity at the refinery by 35 percent to 100000 bpd .', 'other projects are expected to enable the refinery to produce new clean fuels and further control regulated air emissions .', 'completion of the projects is scheduled for the fourth quarter of 2005 .', 'marathon will loan map the funds necessary for these upgrade and expansion projects .', 'marketing in 2003 , map 2019s refined product sales volumes ( excluding matching buy/sell transactions ) totaled 19.8 billion gallons ( 1293000 bpd ) .', 'excluding sales related to matching buy/sell transactions , the wholesale distribution of petroleum products to private brand marketers and to large commercial and industrial consumers , primarily located in the midwest , the upper great plains and the southeast , and sales in the spot market , accounted for approximately 70 percent of map 2019s refined product sales volumes in 2003 .', 'approximately 50 percent of map 2019s gasoline volumes and 91 percent of its distillate volumes were sold on a wholesale or spot market basis to independent unbranded customers or other wholesalers in 2003 .', 'approximately half of map 2019s propane is sold into the home heating markets and industrial consumers purchase the balance .', 'propylene , cumene , aromatics , aliphatics , and sulfur are marketed to customers in the chemical industry .', 'base lube oils and slack wax are sold throughout the united states .', 'pitch is also sold domestically , but approximately 13 percent of pitch products are exported into growing markets in canada , mexico , india , and south america .', 'map markets asphalt through owned and leased terminals throughout the midwest and southeast .', 'the map customer base includes approximately 900 asphalt-paving contractors , government entities ( states , counties , cities and townships ) and asphalt roofing shingle manufacturers .', 'the following table sets forth the volume of map 2019s consolidated refined product sales by product group for each of the last three years : refined product sales ( thousands of barrels per day ) 2003 2002 2001 .'] | ['map sells reformulated gasoline in parts of its marketing territory , primarily chicago , illinois ; louisville , kentucky ; northern kentucky ; and milwaukee , wisconsin .', 'map also sells low-vapor-pressure gasoline in nine states .', 'as of december 31 , 2003 , map supplied petroleum products to approximately 3900 marathon and ashland branded retail outlets located primarily in michigan , ohio , indiana , kentucky and illinois .', 'branded retail outlets are also located in florida , georgia , wisconsin , west virginia , minnesota , tennessee , virginia , pennsylvania , north carolina , south carolina and alabama. .'] | ========================================
• ( thousands of barrels per day ), 2003, 2002, 2001
• gasoline, 776, 773, 748
• distillates, 365, 346, 345
• propane, 21, 22, 21
• feedstocks and special products, 97, 82, 71
• heavy fuel oil, 24, 20, 41
• asphalt, 74, 75, 78
• total, 1357, 1318, 1304
• matching buy/sell volumes included in above, 64, 71, 45
======================================== | table_sum(asphalt, none) | 227.0 |
how much more operational risk , in billions , did the firm take on in 2010 and 2011 combined than in 2012? | Context: ['management 2019s discussion and analysis 120 jpmorgan chase & co./2012 annual report $ 12.0 billion , and jpmorgan clearing 2019s net capital was $ 6.6 billion , exceeding the minimum requirement by $ 5.0 billion .', 'in addition to its minimum net capital requirement , jpmorgan securities is required to hold tentative net capital in excess of $ 1.0 billion and is also required to notify the sec in the event that tentative net capital is less than $ 5.0 billion , in accordance with the market and credit risk standards of appendix e of the net capital rule .', 'as of december 31 , 2012 , jpmorgan securities had tentative net capital in excess of the minimum and notification requirements .', 'j.p .', 'morgan securities plc ( formerly j.p .', 'morgan securities ltd. ) is a wholly-owned subsidiary of jpmorgan chase bank , n.a .', 'and is the firm 2019s principal operating subsidiary in the u.k .', 'it has authority to engage in banking , investment banking and broker-dealer activities .', 'j.p .', 'morgan securities plc is regulated by the u.k .', 'financial services authority ( 201cfsa 201d ) .', 'at december 31 , 2012 , it had total capital of $ 20.8 billion , or a total capital ratio of 15.5% ( 15.5 % ) which exceeded the 8% ( 8 % ) well-capitalized standard applicable to it under basel 2.5 .', 'economic risk capital jpmorgan chase assesses its capital adequacy relative to the risks underlying its business activities using internal risk-assessment methodologies .', 'the firm measures economic capital primarily based on four risk factors : credit , market , operational and private equity risk. .']
----------
Tabular Data:
----------------------------------------
year ended december 31 ( in billions ), yearly average 2012, yearly average 2011, yearly average 2010
credit risk, $ 46.6, $ 48.2, $ 49.7
market risk, 17.5, 14.5, 15.1
operational risk, 15.9, 8.5, 7.4
private equity risk, 6.0, 6.9, 6.2
economic risk capital, 86.0, 78.1, 78.4
goodwill, 48.2, 48.6, 48.6
other ( a ), 50.2, 46.6, 34.5
total common stockholders 2019equity, $ 184.4, $ 173.3, $ 161.5
----------------------------------------
----------
Follow-up: ['( a ) reflects additional capital required , in the firm 2019s view , to meet its regulatory and debt rating objectives .', 'credit risk capital credit risk capital is estimated separately for the wholesale businesses ( cib , cb and am ) and consumer business ( ccb ) .', 'credit risk capital for the wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and from declines in the value of the portfolio due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard .', 'unexpected losses are losses in excess of those for which the allowance for credit losses is maintained .', 'the capital methodology is based on several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation .', 'credit risk capital for the consumer portfolio is based on product and other relevant risk segmentation .', 'actual segment-level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard .', 'the decrease in credit risk capital in 2012 was driven by consumer portfolio runoff and continued model enhancements to better estimate future stress credit losses in the consumer portfolio .', 'see credit risk management on pages 134 2013135 of this annual report for more information about these credit risk measures .', 'market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of the portfolios and financial instruments caused by adverse movements in market variables , such as interest and foreign exchange rates , credit spreads , and securities and commodities prices , taking into account the liquidity of the financial instruments .', 'results from daily var , weekly stress tests , issuer credit spreads and default risk calculations , as well as other factors , are used to determine appropriate capital levels .', 'market risk capital is allocated to each business segment based on its risk assessment .', 'the increase in market risk capital in 2012 was driven by increased risk in the synthetic credit portfolio .', 'see market risk management on pages 163 2013169 of this annual report for more information about these market risk measures .', 'operational risk capital operational risk is the risk of loss resulting from inadequate or failed processes or systems , human factors or external events .', 'the operational risk capital model is based on actual losses and potential scenario-based losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment .', 'the increase in operational risk capital in 2012 was primarily due to continued model enhancements to better capture large historical loss events , including mortgage-related litigation costs .', 'the increases that occurred during 2012 will be fully reflected in average operational risk capital in 2013 .', 'see operational risk management on pages 175 2013176 of this annual report for more information about operational risk .', 'private equity risk capital capital is allocated to privately- and publicly-held securities , third-party fund investments , and commitments in the private equity portfolio , within the corporate/private equity segment , to cover the potential loss associated with a decline in equity markets and related asset devaluations .', 'in addition to negative market fluctuations , potential losses in private equity investment portfolios can be magnified by liquidity risk. .'] | 0.0 | JPM/2012/page_110.pdf-3 | ['management 2019s discussion and analysis 120 jpmorgan chase & co./2012 annual report $ 12.0 billion , and jpmorgan clearing 2019s net capital was $ 6.6 billion , exceeding the minimum requirement by $ 5.0 billion .', 'in addition to its minimum net capital requirement , jpmorgan securities is required to hold tentative net capital in excess of $ 1.0 billion and is also required to notify the sec in the event that tentative net capital is less than $ 5.0 billion , in accordance with the market and credit risk standards of appendix e of the net capital rule .', 'as of december 31 , 2012 , jpmorgan securities had tentative net capital in excess of the minimum and notification requirements .', 'j.p .', 'morgan securities plc ( formerly j.p .', 'morgan securities ltd. ) is a wholly-owned subsidiary of jpmorgan chase bank , n.a .', 'and is the firm 2019s principal operating subsidiary in the u.k .', 'it has authority to engage in banking , investment banking and broker-dealer activities .', 'j.p .', 'morgan securities plc is regulated by the u.k .', 'financial services authority ( 201cfsa 201d ) .', 'at december 31 , 2012 , it had total capital of $ 20.8 billion , or a total capital ratio of 15.5% ( 15.5 % ) which exceeded the 8% ( 8 % ) well-capitalized standard applicable to it under basel 2.5 .', 'economic risk capital jpmorgan chase assesses its capital adequacy relative to the risks underlying its business activities using internal risk-assessment methodologies .', 'the firm measures economic capital primarily based on four risk factors : credit , market , operational and private equity risk. .'] | ['( a ) reflects additional capital required , in the firm 2019s view , to meet its regulatory and debt rating objectives .', 'credit risk capital credit risk capital is estimated separately for the wholesale businesses ( cib , cb and am ) and consumer business ( ccb ) .', 'credit risk capital for the wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and from declines in the value of the portfolio due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard .', 'unexpected losses are losses in excess of those for which the allowance for credit losses is maintained .', 'the capital methodology is based on several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation .', 'credit risk capital for the consumer portfolio is based on product and other relevant risk segmentation .', 'actual segment-level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard .', 'the decrease in credit risk capital in 2012 was driven by consumer portfolio runoff and continued model enhancements to better estimate future stress credit losses in the consumer portfolio .', 'see credit risk management on pages 134 2013135 of this annual report for more information about these credit risk measures .', 'market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of the portfolios and financial instruments caused by adverse movements in market variables , such as interest and foreign exchange rates , credit spreads , and securities and commodities prices , taking into account the liquidity of the financial instruments .', 'results from daily var , weekly stress tests , issuer credit spreads and default risk calculations , as well as other factors , are used to determine appropriate capital levels .', 'market risk capital is allocated to each business segment based on its risk assessment .', 'the increase in market risk capital in 2012 was driven by increased risk in the synthetic credit portfolio .', 'see market risk management on pages 163 2013169 of this annual report for more information about these market risk measures .', 'operational risk capital operational risk is the risk of loss resulting from inadequate or failed processes or systems , human factors or external events .', 'the operational risk capital model is based on actual losses and potential scenario-based losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment .', 'the increase in operational risk capital in 2012 was primarily due to continued model enhancements to better capture large historical loss events , including mortgage-related litigation costs .', 'the increases that occurred during 2012 will be fully reflected in average operational risk capital in 2013 .', 'see operational risk management on pages 175 2013176 of this annual report for more information about operational risk .', 'private equity risk capital capital is allocated to privately- and publicly-held securities , third-party fund investments , and commitments in the private equity portfolio , within the corporate/private equity segment , to cover the potential loss associated with a decline in equity markets and related asset devaluations .', 'in addition to negative market fluctuations , potential losses in private equity investment portfolios can be magnified by liquidity risk. .'] | ----------------------------------------
year ended december 31 ( in billions ), yearly average 2012, yearly average 2011, yearly average 2010
credit risk, $ 46.6, $ 48.2, $ 49.7
market risk, 17.5, 14.5, 15.1
operational risk, 15.9, 8.5, 7.4
private equity risk, 6.0, 6.9, 6.2
economic risk capital, 86.0, 78.1, 78.4
goodwill, 48.2, 48.6, 48.6
other ( a ), 50.2, 46.6, 34.5
total common stockholders 2019equity, $ 184.4, $ 173.3, $ 161.5
---------------------------------------- | add(8.5, 7.4), subtract(#0, #0) | 0.0 |
what was the net reduction in defined benefit obligations between december 31 , 2012 and 2011 , in millions? | Background: ['the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2012 , 2011 , and 2010 ( 1 ) a u.s .', 'subsidiary of the company has a defined benefit obligation of $ 764 million and $ 679 million as of december 31 , 2012 and 2011 , respectively , and uses salary bands to determine future benefit costs rather than rates of compensation increases .', 'rates of compensation increases in the table above do not include amounts related to this specific defined benefit plan .', '( 2 ) includes an inflation factor that is used to calculate future periodic benefit cost , but is not used to calculate the benefit obligation .', 'the company establishes its estimated long-term return on plan assets considering various factors , which include the targeted asset allocation percentages , historic returns and expected future returns .', 'the measurement of pension obligations , costs and liabilities is dependent on a variety of assumptions .', 'these assumptions include estimates of the present value of projected future pension payments to all plan participants , taking into consideration the likelihood of potential future events such as salary increases and demographic experience .', 'these assumptions may have an effect on the amount and timing of future contributions .', 'the assumptions used in developing the required estimates include the following key factors : 2022 discount rates ; 2022 salary growth ; 2022 retirement rates ; 2022 inflation ; 2022 expected return on plan assets ; and 2022 mortality rates .', 'the effects of actual results differing from the company 2019s assumptions are accumulated and amortized over future periods and , therefore , generally affect the company 2019s recognized expense in such future periods .', 'sensitivity of the company 2019s pension funded status to the indicated increase or decrease in the discount rate and long-term rate of return on plan assets assumptions is shown below .', 'note that these sensitivities may be asymmetric and are specific to the base conditions at year-end 2012 .', 'they also may not be additive , so the impact of changing multiple factors simultaneously cannot be calculated by combining the individual sensitivities shown .', 'the funded status as of december 31 , 2012 is affected by the assumptions as of that date .', 'pension expense for 2012 is affected by the december 31 , 2011 assumptions .', 'the impact on pension expense from a one percentage point change in these assumptions is shown in the table below ( in millions ) : .']
----------
Table:
----------------------------------------
increase of 1% ( 1 % ) in the discount rate | $ -48 ( 48 )
decrease of 1% ( 1 % ) in the discount rate | 38
increase of 1% ( 1 % ) in the long-term rate of return on plan assets | -47 ( 47 )
decrease of 1% ( 1 % ) in the long-term rate of return on plan assets | 47
----------------------------------------
----------
Follow-up: ['.'] | 85.0 | AES/2012/page_223.pdf-2 | ['the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2012 , 2011 , and 2010 ( 1 ) a u.s .', 'subsidiary of the company has a defined benefit obligation of $ 764 million and $ 679 million as of december 31 , 2012 and 2011 , respectively , and uses salary bands to determine future benefit costs rather than rates of compensation increases .', 'rates of compensation increases in the table above do not include amounts related to this specific defined benefit plan .', '( 2 ) includes an inflation factor that is used to calculate future periodic benefit cost , but is not used to calculate the benefit obligation .', 'the company establishes its estimated long-term return on plan assets considering various factors , which include the targeted asset allocation percentages , historic returns and expected future returns .', 'the measurement of pension obligations , costs and liabilities is dependent on a variety of assumptions .', 'these assumptions include estimates of the present value of projected future pension payments to all plan participants , taking into consideration the likelihood of potential future events such as salary increases and demographic experience .', 'these assumptions may have an effect on the amount and timing of future contributions .', 'the assumptions used in developing the required estimates include the following key factors : 2022 discount rates ; 2022 salary growth ; 2022 retirement rates ; 2022 inflation ; 2022 expected return on plan assets ; and 2022 mortality rates .', 'the effects of actual results differing from the company 2019s assumptions are accumulated and amortized over future periods and , therefore , generally affect the company 2019s recognized expense in such future periods .', 'sensitivity of the company 2019s pension funded status to the indicated increase or decrease in the discount rate and long-term rate of return on plan assets assumptions is shown below .', 'note that these sensitivities may be asymmetric and are specific to the base conditions at year-end 2012 .', 'they also may not be additive , so the impact of changing multiple factors simultaneously cannot be calculated by combining the individual sensitivities shown .', 'the funded status as of december 31 , 2012 is affected by the assumptions as of that date .', 'pension expense for 2012 is affected by the december 31 , 2011 assumptions .', 'the impact on pension expense from a one percentage point change in these assumptions is shown in the table below ( in millions ) : .'] | ['.'] | ----------------------------------------
increase of 1% ( 1 % ) in the discount rate | $ -48 ( 48 )
decrease of 1% ( 1 % ) in the discount rate | 38
increase of 1% ( 1 % ) in the long-term rate of return on plan assets | -47 ( 47 )
decrease of 1% ( 1 % ) in the long-term rate of return on plan assets | 47
---------------------------------------- | subtract(764, 679) | 85.0 |
what is the percentage change in the balance of cash and cash equivalents from 2012 to 2013? | Context: ['management 2019s discussion and analysis of financial condition and results of operations ( continued ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing .', 'snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for scheduled debt payments ( including the march 2014 repayment of $ 100.0 million of 5.85% ( 5.85 % ) unsecured notes upon maturity ) , payments of interest and dividends , new receivables originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any .', 'due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost .', 'as of the close of business on february 7 , 2014 , snap-on 2019s long-term debt and commercial paper were rated , respectively , a3 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings .', 'snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions .', 'however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease .', 'the following discussion focuses on information included in the accompanying consolidated balance sheets .', 'as of 2013 year end , working capital ( current assets less current liabilities ) of $ 1080.8 million increased $ 1.0 million from $ 1079.8 million as of 2012 year end .', 'the following represents the company 2019s working capital position as of 2013 and 2012 year end : ( amounts in millions ) 2013 2012 .']
####
Data Table:
( amounts in millions ) 2013 2012
cash and cash equivalents $ 217.6 $ 214.5
trade and other accounts receivable 2013 net 531.6 497.9
finance receivables 2013 net 374.6 323.1
contract receivables 2013 net 68.4 62.7
inventories 2013 net 434.4 404.2
other current assets 169.6 166.6
total current assets 1796.2 1669.0
notes payable and current maturities of long-term debt -113.1 ( 113.1 ) -5.2 ( 5.2 )
accounts payable -155.6 ( 155.6 ) -142.5 ( 142.5 )
other current liabilities -446.7 ( 446.7 ) -441.5 ( 441.5 )
total current liabilities -715.4 ( 715.4 ) -589.2 ( 589.2 )
working capital $ 1080.8 $ 1079.8
####
Post-table: ['cash and cash equivalents of $ 217.6 million as of 2013 year end compared to cash and cash equivalents of $ 214.5 million at 2012 year end .', 'the $ 3.1 million net increase in cash and cash equivalents includes the impacts of ( i ) $ 508.8 million of cash from collections of finance receivables ; ( ii ) $ 392.6 million of cash generated from operations , net of $ 24.3 million of discretionary cash contributions to the company 2019s pension plans ; ( iii ) $ 29.2 million of cash proceeds from stock purchase and option plan exercises ; and ( iv ) $ 8.4 million of cash proceeds from the sale of property and equipment .', 'these increases in cash and cash equivalents were largely offset by ( i ) the funding of $ 651.3 million of new finance receivables ; ( ii ) dividend payments to shareholders of $ 92.0 million ; ( iii ) the repurchase of 926000 shares of the company 2019s common stock for $ 82.6 million ; ( iv ) the funding of $ 70.6 million of capital expenditures ; and ( v ) the may 2013 acquisition of challenger for a cash purchase price of $ 38.2 million .', 'of the $ 217.6 million of cash and cash equivalents as of 2013 year end , $ 124.3 million was held outside of the united states .', 'snap-on considers these non-u.s .', 'funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s .', 'operations or obligations .', 'the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s .', 'income taxes and foreign withholding taxes on funds that were previously considered permanently invested .', 'alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company .', 'snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences .', '46 snap-on incorporated .'] | 0.01445 | SNA/2013/page_56.pdf-1 | ['management 2019s discussion and analysis of financial condition and results of operations ( continued ) liquidity and capital resources snap-on 2019s growth has historically been funded by a combination of cash provided by operating activities and debt financing .', 'snap-on believes that its cash from operations and collections of finance receivables , coupled with its sources of borrowings and available cash on hand , are sufficient to fund its currently anticipated requirements for scheduled debt payments ( including the march 2014 repayment of $ 100.0 million of 5.85% ( 5.85 % ) unsecured notes upon maturity ) , payments of interest and dividends , new receivables originated by our financial services businesses , capital expenditures , working capital , restructuring activities , the funding of pension plans , and funding for additional share repurchases and acquisitions , if any .', 'due to snap-on 2019s credit rating over the years , external funds have been available at an acceptable cost .', 'as of the close of business on february 7 , 2014 , snap-on 2019s long-term debt and commercial paper were rated , respectively , a3 and p-2 by moody 2019s investors service ; a- and a-2 by standard & poor 2019s ; and a- and f2 by fitch ratings .', 'snap-on believes that its current credit arrangements are sound and that the strength of its balance sheet affords the company the financial flexibility to respond to both internal growth opportunities and those available through acquisitions .', 'however , snap-on cannot provide any assurances of the availability of future financing or the terms on which it might be available , or that its debt ratings may not decrease .', 'the following discussion focuses on information included in the accompanying consolidated balance sheets .', 'as of 2013 year end , working capital ( current assets less current liabilities ) of $ 1080.8 million increased $ 1.0 million from $ 1079.8 million as of 2012 year end .', 'the following represents the company 2019s working capital position as of 2013 and 2012 year end : ( amounts in millions ) 2013 2012 .'] | ['cash and cash equivalents of $ 217.6 million as of 2013 year end compared to cash and cash equivalents of $ 214.5 million at 2012 year end .', 'the $ 3.1 million net increase in cash and cash equivalents includes the impacts of ( i ) $ 508.8 million of cash from collections of finance receivables ; ( ii ) $ 392.6 million of cash generated from operations , net of $ 24.3 million of discretionary cash contributions to the company 2019s pension plans ; ( iii ) $ 29.2 million of cash proceeds from stock purchase and option plan exercises ; and ( iv ) $ 8.4 million of cash proceeds from the sale of property and equipment .', 'these increases in cash and cash equivalents were largely offset by ( i ) the funding of $ 651.3 million of new finance receivables ; ( ii ) dividend payments to shareholders of $ 92.0 million ; ( iii ) the repurchase of 926000 shares of the company 2019s common stock for $ 82.6 million ; ( iv ) the funding of $ 70.6 million of capital expenditures ; and ( v ) the may 2013 acquisition of challenger for a cash purchase price of $ 38.2 million .', 'of the $ 217.6 million of cash and cash equivalents as of 2013 year end , $ 124.3 million was held outside of the united states .', 'snap-on considers these non-u.s .', 'funds as permanently invested in its foreign operations to ( i ) provide adequate working capital ; ( ii ) satisfy various regulatory requirements ; and/or ( iii ) take advantage of business expansion opportunities as they arise ; as such , the company does not presently expect to repatriate these funds to fund its u.s .', 'operations or obligations .', 'the repatriation of cash from certain foreign subsidiaries could have adverse net tax consequences on the company should snap-on be required to pay and record u.s .', 'income taxes and foreign withholding taxes on funds that were previously considered permanently invested .', 'alternatively , the repatriation of such cash from certain other foreign subsidiaries could result in favorable net tax consequences for the company .', 'snap-on periodically evaluates opportunities to repatriate certain foreign cash amounts to the extent that it does not incur additional unfavorable net tax consequences .', '46 snap-on incorporated .'] | ( amounts in millions ) 2013 2012
cash and cash equivalents $ 217.6 $ 214.5
trade and other accounts receivable 2013 net 531.6 497.9
finance receivables 2013 net 374.6 323.1
contract receivables 2013 net 68.4 62.7
inventories 2013 net 434.4 404.2
other current assets 169.6 166.6
total current assets 1796.2 1669.0
notes payable and current maturities of long-term debt -113.1 ( 113.1 ) -5.2 ( 5.2 )
accounts payable -155.6 ( 155.6 ) -142.5 ( 142.5 )
other current liabilities -446.7 ( 446.7 ) -441.5 ( 441.5 )
total current liabilities -715.4 ( 715.4 ) -589.2 ( 589.2 )
working capital $ 1080.8 $ 1079.8 | subtract(217.6, 214.5), divide(#0, 214.5) | 0.01445 |
what portion of the 2011 plan repurchases were repurchased in 2012? | Background: ['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 , 2007 and that all dividends were reinvested .', 'purchases of equity securities 2013 during 2012 , we repurchased 13804709 shares of our common stock at an average price of $ 115.33 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2012 : 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 that may yet be purchased under the plan or program [b] .']
--
Data Table:
period | total number ofsharespurchased [a] | averageprice paidper share | total number of sharespurchased as part of apublicly announced planor program [b] | maximum number ofshares that may yetbe purchased under the planor program [b]
oct . 1 through oct . 31 | 1068414 | 121.70 | 1028300 | 16041399
nov . 1 through nov . 30 | 659631 | 120.84 | 655000 | 15386399
dec . 1 through dec . 31 | 411683 | 124.58 | 350450 | 15035949
total | 2139728 | $ 121.99 | 2033750 | n/a
--
Follow-up: ['[a] total number of shares purchased during the quarter includes approximately 105978 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .', '[b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 .', '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. .'] | 0.34512 | UNP/2012/page_20.pdf-1 | ['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 , 2007 and that all dividends were reinvested .', 'purchases of equity securities 2013 during 2012 , we repurchased 13804709 shares of our common stock at an average price of $ 115.33 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2012 : 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 that may yet be purchased under the plan or program [b] .'] | ['[a] total number of shares purchased during the quarter includes approximately 105978 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .', '[b] on april 1 , 2011 , our board of directors authorized the repurchase of up to 40 million shares of our common stock by march 31 , 2014 .', '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. .'] | period | total number ofsharespurchased [a] | averageprice paidper share | total number of sharespurchased as part of apublicly announced planor program [b] | maximum number ofshares that may yetbe purchased under the planor program [b]
oct . 1 through oct . 31 | 1068414 | 121.70 | 1028300 | 16041399
nov . 1 through nov . 30 | 659631 | 120.84 | 655000 | 15386399
dec . 1 through dec . 31 | 411683 | 124.58 | 350450 | 15035949
total | 2139728 | $ 121.99 | 2033750 | n/a | multiply(40, const_1000000), divide(13804709, #0) | 0.34512 |
in 2013 what was the percent of the future minimum payments on leases , and marketing and sponsorship for operating leases that was due in | Context: ['visa inc .', 'notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .', 'the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .', 'the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .', 'earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .', 'earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .', 'all performance awards are subject to earlier vesting in full under certain conditions .', 'compensation cost for performance-based shares is initially estimated based on target performance .', 'it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .', 'at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .', 'note 17 2014commitments and contingencies commitments .', 'the company leases certain premises and equipment throughout the world with varying expiration dates .', 'the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .', 'future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: .']
----
Table:
( in millions ), 2014, 2015, 2016, 2017, 2018, thereafter, total
operating leases, $ 100, $ 77, $ 43, $ 35, $ 20, $ 82, $ 357
marketing and sponsorships, 116, 117, 61, 54, 54, 178, 580
total, $ 216, $ 194, $ 104, $ 89, $ 74, $ 260, $ 937
----
Post-table: ['select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .', 'for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .', 'in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .', 'the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .', 'client incentives .', 'the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .', 'these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .', 'these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .', 'payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .', 'client incentives are recognized primarily as a reduction .'] | 0.09804 | V/2013/page_116.pdf-2 | ['visa inc .', 'notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .', 'the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .', 'the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .', 'earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .', 'earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .', 'all performance awards are subject to earlier vesting in full under certain conditions .', 'compensation cost for performance-based shares is initially estimated based on target performance .', 'it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .', 'at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .', 'note 17 2014commitments and contingencies commitments .', 'the company leases certain premises and equipment throughout the world with varying expiration dates .', 'the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .', 'future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: .'] | ['select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .', 'for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .', 'in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .', 'the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .', 'client incentives .', 'the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .', 'these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .', 'these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .', 'payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .', 'client incentives are recognized primarily as a reduction .'] | ( in millions ), 2014, 2015, 2016, 2017, 2018, thereafter, total
operating leases, $ 100, $ 77, $ 43, $ 35, $ 20, $ 82, $ 357
marketing and sponsorships, 116, 117, 61, 54, 54, 178, 580
total, $ 216, $ 194, $ 104, $ 89, $ 74, $ 260, $ 937 | divide(35, 357) | 0.09804 |
what percent of the cash used for investing activities was used for the purchase of businesses? | Context: ['credit facilities .', 'as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations .', 'at september 30 , 2019 , we had approximately $ 2.9 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 .', 'this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases .', 'certain restrictive covenants govern our maximum availability under the credit facilities .', 'we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2019 .', 'at september 30 , 2019 , we had $ 129.8 million of outstanding letters of credit not drawn cash and cash equivalents were $ 151.6 million at september 30 , 2019 and $ 636.8 million at september 30 , 2018 .', 'we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition .', 'primarily all of the cash and cash equivalents at september 30 , 2019 were held outside of the u.s .', 'at september 30 , 2019 , total debt was $ 10063.4 million , $ 561.1 million of which was current .', 'at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current .', 'the increase in debt was primarily related to the kapstone acquisition .', 'cash flow activity .']
Data Table:
========================================
( in millions ) | year ended september 30 , 2019 | year ended september 30 , 2018
----------|----------|----------
net cash provided by operating activities | $ 2310.2 | $ 1931.2
net cash used for investing activities | $ -4579.6 ( 4579.6 ) | $ -815.1 ( 815.1 )
net cash provided by ( used for ) financing activities | $ 1780.2 | $ -755.1 ( 755.1 )
========================================
Follow-up: ['net cash provided by operating activities during fiscal 2019 increased $ 379.0 million from fiscal 2018 primarily due to higher cash earnings and a $ 340.3 million net decrease in the use of working capital compared to the prior year .', 'as a result of the retrospective adoption of asu 2016-15 and asu 2016-18 ( each as hereinafter defined ) as discussed in 201cnote 1 .', 'description of business and summary of significant accounting policies 201d of the notes to consolidated financial statements , net cash provided by operating activities for fiscal 2018 was reduced by $ 489.7 million and cash provided by investing activities increased $ 483.8 million , primarily for the change in classification of proceeds received for beneficial interests obtained for transferring trade receivables in securitization transactions .', 'net cash used for investing activities of $ 4579.6 million in fiscal 2019 consisted primarily of $ 3374.2 million for cash paid for the purchase of businesses , net of cash acquired ( excluding the assumption of debt ) , primarily related to the kapstone acquisition , and $ 1369.1 million for capital expenditures that were partially offset by $ 119.1 million of proceeds from the sale of property , plant and equipment primarily related to the sale of our atlanta beverage facility , $ 33.2 million of proceeds from corporate owned life insurance benefits and $ 25.5 million of proceeds from property , plant and equipment insurance proceeds related to the panama city , fl mill .', 'net cash used for investing activities of $ 815.1 million in fiscal 2018 consisted primarily of $ 999.9 million for capital expenditures , $ 239.9 million for cash paid for the purchase of businesses , net of cash acquired primarily related to the plymouth acquisition and the schl fcter acquisition , and $ 108.0 million for an investment in grupo gondi .', 'these investments were partially offset by $ 461.6 million of cash receipts on sold trade receivables as a result of the adoption of asu 2016-15 , $ 24.0 million of proceeds from the sale of certain affiliates as well as our solid waste management brokerage services business and $ 23.3 million of proceeds from the sale of property , plant and equipment .', 'in fiscal 2019 , net cash provided by financing activities of $ 1780.2 million consisted primarily of a net increase in debt of $ 2314.6 million , primarily related to the kapstone acquisition and partially offset by cash dividends paid to stockholders of $ 467.9 million and purchases of common stock of $ 88.6 million .', 'in fiscal 2018 , net cash used for financing activities of $ 755.1 million consisted primarily of cash dividends paid to stockholders of $ 440.9 million and purchases of common stock of $ 195.1 million and net repayments of debt of $ 120.1 million. .'] | 0.73679 | WRK/2019/page_49.pdf-4 | ['credit facilities .', 'as such , our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations .', 'at september 30 , 2019 , we had approximately $ 2.9 billion of availability under our committed credit facilities , primarily under our revolving credit facility , the majority of which matures on july 1 , 2022 .', 'this liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes , including acquisitions , dividends and stock repurchases .', 'certain restrictive covenants govern our maximum availability under the credit facilities .', 'we test and report our compliance with these covenants as required and we were in compliance with all of these covenants at september 30 , 2019 .', 'at september 30 , 2019 , we had $ 129.8 million of outstanding letters of credit not drawn cash and cash equivalents were $ 151.6 million at september 30 , 2019 and $ 636.8 million at september 30 , 2018 .', 'we used a significant portion of the cash and cash equivalents on hand at september 30 , 2018 in connection with the closing of the kapstone acquisition .', 'primarily all of the cash and cash equivalents at september 30 , 2019 were held outside of the u.s .', 'at september 30 , 2019 , total debt was $ 10063.4 million , $ 561.1 million of which was current .', 'at september 30 , 2018 , total debt was $ 6415.2 million , $ 740.7 million of which was current .', 'the increase in debt was primarily related to the kapstone acquisition .', 'cash flow activity .'] | ['net cash provided by operating activities during fiscal 2019 increased $ 379.0 million from fiscal 2018 primarily due to higher cash earnings and a $ 340.3 million net decrease in the use of working capital compared to the prior year .', 'as a result of the retrospective adoption of asu 2016-15 and asu 2016-18 ( each as hereinafter defined ) as discussed in 201cnote 1 .', 'description of business and summary of significant accounting policies 201d of the notes to consolidated financial statements , net cash provided by operating activities for fiscal 2018 was reduced by $ 489.7 million and cash provided by investing activities increased $ 483.8 million , primarily for the change in classification of proceeds received for beneficial interests obtained for transferring trade receivables in securitization transactions .', 'net cash used for investing activities of $ 4579.6 million in fiscal 2019 consisted primarily of $ 3374.2 million for cash paid for the purchase of businesses , net of cash acquired ( excluding the assumption of debt ) , primarily related to the kapstone acquisition , and $ 1369.1 million for capital expenditures that were partially offset by $ 119.1 million of proceeds from the sale of property , plant and equipment primarily related to the sale of our atlanta beverage facility , $ 33.2 million of proceeds from corporate owned life insurance benefits and $ 25.5 million of proceeds from property , plant and equipment insurance proceeds related to the panama city , fl mill .', 'net cash used for investing activities of $ 815.1 million in fiscal 2018 consisted primarily of $ 999.9 million for capital expenditures , $ 239.9 million for cash paid for the purchase of businesses , net of cash acquired primarily related to the plymouth acquisition and the schl fcter acquisition , and $ 108.0 million for an investment in grupo gondi .', 'these investments were partially offset by $ 461.6 million of cash receipts on sold trade receivables as a result of the adoption of asu 2016-15 , $ 24.0 million of proceeds from the sale of certain affiliates as well as our solid waste management brokerage services business and $ 23.3 million of proceeds from the sale of property , plant and equipment .', 'in fiscal 2019 , net cash provided by financing activities of $ 1780.2 million consisted primarily of a net increase in debt of $ 2314.6 million , primarily related to the kapstone acquisition and partially offset by cash dividends paid to stockholders of $ 467.9 million and purchases of common stock of $ 88.6 million .', 'in fiscal 2018 , net cash used for financing activities of $ 755.1 million consisted primarily of cash dividends paid to stockholders of $ 440.9 million and purchases of common stock of $ 195.1 million and net repayments of debt of $ 120.1 million. .'] | ========================================
( in millions ) | year ended september 30 , 2019 | year ended september 30 , 2018
----------|----------|----------
net cash provided by operating activities | $ 2310.2 | $ 1931.2
net cash used for investing activities | $ -4579.6 ( 4579.6 ) | $ -815.1 ( 815.1 )
net cash provided by ( used for ) financing activities | $ 1780.2 | $ -755.1 ( 755.1 )
======================================== | divide(3374.2, 4579.6) | 0.73679 |
what is the increase percentage of trading during the us hours between 2008 and 2009? | Context: ['kendal vroman , 39 mr .', 'vroman has served as our managing director , commodity products , otc services & information products since february 2010 .', 'mr .', 'vroman previously served as managing director and chief corporate development officer from 2008 to 2010 .', 'mr .', 'vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services .', 'scot e .', 'warren , 47 mr .', 'warren has served as our managing director , equity index products and index services since february 2010 .', 'mr .', 'warren previously served as our managing director , equity products since joining us in 2007 .', 'prior to that , mr .', 'warren worked for goldman sachs as its president , manager trading and business analysis team .', 'prior to goldman sachs , mr .', 'warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co .', 'for financial services firms .', 'financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location .', 'we do , however , track trading volume generated outside of traditional u.s .', 'trading hours and through our international telecommunication hubs .', 'our customers can directly access our exchanges throughout the world .', 'the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s .', 'hours and through our international hubs. .']
----
Table:
****************************************
, 2010, 2009, 2008
trading during non-u.s . hours, 13% ( 13 % ), 9% ( 9 % ), 11% ( 11 % )
trading through telecommunication hubs, 8, 7, 8
****************************************
----
Post-table: ['available information our web site is www.cmegroup.com .', 'information made available on our web site does not constitute part of this document .', 'we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec .', 'our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site .', 'copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms .', 'beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. .'] | 2.0 | CME/2010/page_27.pdf-3 | ['kendal vroman , 39 mr .', 'vroman has served as our managing director , commodity products , otc services & information products since february 2010 .', 'mr .', 'vroman previously served as managing director and chief corporate development officer from 2008 to 2010 .', 'mr .', 'vroman joined us in 2001 and since then has held positions of increasing responsibility , including most recently as managing director , corporate development and managing director , information and technology services .', 'scot e .', 'warren , 47 mr .', 'warren has served as our managing director , equity index products and index services since february 2010 .', 'mr .', 'warren previously served as our managing director , equity products since joining us in 2007 .', 'prior to that , mr .', 'warren worked for goldman sachs as its president , manager trading and business analysis team .', 'prior to goldman sachs , mr .', 'warren managed equity and option execution and clearing businesses for abn amro in chicago and was a senior consultant for arthur andersen & co .', 'for financial services firms .', 'financial information about geographic areas due to the nature of its business , cme group does not track revenues based upon geographic location .', 'we do , however , track trading volume generated outside of traditional u.s .', 'trading hours and through our international telecommunication hubs .', 'our customers can directly access our exchanges throughout the world .', 'the following table shows the percentage of our total trading volume on our globex electronic trading platform generated during non-u.s .', 'hours and through our international hubs. .'] | ['available information our web site is www.cmegroup.com .', 'information made available on our web site does not constitute part of this document .', 'we make available on our web site our annual reports on form 10-k , quarterly reports on form 10-q , current reports on form 8-k and amendments to those reports as soon as reasonably practicable after we electronically file or furnish such materials to the sec .', 'our corporate governance materials , including our corporate governance principles , director conflict of interest policy , board of directors code of ethics , categorical independence standards , employee code of conduct and the charters for all the standing committees of our board , may also be found on our web site .', 'copies of these materials are also available to shareholders free of charge upon written request to shareholder relations and member services , attention ms .', 'beth hausoul , cme group inc. , 20 south wacker drive , chicago , illinois 60606. .'] | ****************************************
, 2010, 2009, 2008
trading during non-u.s . hours, 13% ( 13 % ), 9% ( 9 % ), 11% ( 11 % )
trading through telecommunication hubs, 8, 7, 8
**************************************** | subtract(const_100, 11), subtract(const_100, 9), subtract(#1, #0) | 2.0 |
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