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what is the percentage change in interest income from 2014 to 2015? | Pre-text: ['item 7a .', 'quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .', 'from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .', 'derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .', 'interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .', 'the majority of our debt ( approximately 89% ( 89 % ) and 91% ( 91 % ) as of december 31 , 2015 and 2014 , respectively ) bears interest at fixed rates .', 'we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .', 'the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .', 'increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .']
##
Table:
as of december 31, increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates
2015 $ -33.7 ( 33.7 ) $ 34.7
2014 -35.5 ( 35.5 ) 36.6
##
Post-table: ['we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .', 'we do not have any interest rate swaps outstanding as of december 31 , 2015 .', 'we had $ 1509.7 of cash , cash equivalents and marketable securities as of december 31 , 2015 that we generally invest in conservative , short-term bank deposits or securities .', 'the interest income generated from these investments is subject to both domestic and foreign interest rate movements .', 'during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively .', 'based on our 2015 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 15.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels .', 'foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .', 'since we report revenues and expenses in u.s .', 'dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .', 'dollars ) from foreign operations .', 'the primary foreign currencies that impacted our results during 2015 included the australian dollar , brazilian real , british pound sterling and euro .', 'based on 2015 exchange rates and operating results , if the u.s .', 'dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels .', 'the functional currency of our foreign operations is generally their respective local currency .', 'assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .', 'the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .', 'our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .', 'however , certain subsidiaries may enter into transactions in currencies other than their functional currency .', 'assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .', 'currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .', 'we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .', 'we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .'] | -0.16788 | IPG/2015/page_48.pdf-2 | ['item 7a .', 'quantitative and qualitative disclosures about market risk ( amounts in millions ) in the normal course of business , we are exposed to market risks related to interest rates , foreign currency rates and certain balance sheet items .', 'from time to time , we use derivative instruments , pursuant to established guidelines and policies , to manage some portion of these risks .', 'derivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes .', 'interest rates our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations .', 'the majority of our debt ( approximately 89% ( 89 % ) and 91% ( 91 % ) as of december 31 , 2015 and 2014 , respectively ) bears interest at fixed rates .', 'we do have debt with variable interest rates , but a 10% ( 10 % ) increase or decrease in interest rates would not be material to our interest expense or cash flows .', 'the fair market value of our debt is sensitive to changes in interest rates , and the impact of a 10% ( 10 % ) change in interest rates is summarized below .', 'increase/ ( decrease ) in fair market value as of december 31 , 10% ( 10 % ) increase in interest rates 10% ( 10 % ) decrease in interest rates .'] | ['we have used interest rate swaps for risk management purposes to manage our exposure to changes in interest rates .', 'we do not have any interest rate swaps outstanding as of december 31 , 2015 .', 'we had $ 1509.7 of cash , cash equivalents and marketable securities as of december 31 , 2015 that we generally invest in conservative , short-term bank deposits or securities .', 'the interest income generated from these investments is subject to both domestic and foreign interest rate movements .', 'during 2015 and 2014 , we had interest income of $ 22.8 and $ 27.4 , respectively .', 'based on our 2015 results , a 100-basis-point increase or decrease in interest rates would affect our interest income by approximately $ 15.0 , assuming that all cash , cash equivalents and marketable securities are impacted in the same manner and balances remain constant from year-end 2015 levels .', 'foreign currency rates we are subject to translation and transaction risks related to changes in foreign currency exchange rates .', 'since we report revenues and expenses in u.s .', 'dollars , changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses ( as expressed in u.s .', 'dollars ) from foreign operations .', 'the primary foreign currencies that impacted our results during 2015 included the australian dollar , brazilian real , british pound sterling and euro .', 'based on 2015 exchange rates and operating results , if the u.s .', 'dollar were to strengthen or weaken by 10% ( 10 % ) , we currently estimate operating income would decrease or increase approximately 4% ( 4 % ) , assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2015 levels .', 'the functional currency of our foreign operations is generally their respective local currency .', 'assets and liabilities are translated at the exchange rates in effect at the balance sheet date , and revenues and expenses are translated at the average exchange rates during the period presented .', 'the resulting translation adjustments are recorded as a component of accumulated other comprehensive loss , net of tax , in the stockholders 2019 equity section of our consolidated balance sheets .', 'our foreign subsidiaries generally collect revenues and pay expenses in their functional currency , mitigating transaction risk .', 'however , certain subsidiaries may enter into transactions in currencies other than their functional currency .', 'assets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement .', 'currency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses .', 'we regularly review our foreign exchange exposures that may have a material impact on our business and from time to time use foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates arising from these exposures .', 'we do not enter into foreign exchange contracts or other derivatives for speculative purposes. .'] | as of december 31, increase/ ( decrease ) in fair market value 10% ( 10 % ) increasein interest rates increase/ ( decrease ) in fair market value 10% ( 10 % ) decreasein interest rates
2015 $ -33.7 ( 33.7 ) $ 34.7
2014 -35.5 ( 35.5 ) 36.6 | subtract(22.8, 27.4), divide(#0, 27.4) | -0.16788 |
what were average net sales from 2011 to 2013 for mst in millions? | Background: ['mfc 2019s operating profit for 2013 increased $ 175 million , or 14% ( 14 % ) , compared to 2012 .', 'the increase was primarily attributable to higher operating profit of approximately $ 85 million for air and missile defense programs ( thaad and pac-3 ) due to increased risk retirements and volume ; about $ 85 million for fire control programs ( sniper ae , lantirn ae and apache ) due to increased risk retirements and higher volume ; and approximately $ 75 million for tactical missile programs ( hellfire and various programs ) due to increased risk retirements .', 'the increases were partially offset by lower operating profit of about $ 45 million for the resolution of contractual matters in the second quarter of 2012 ; and approximately $ 15 million for various technical services programs due to lower volume partially offset by increased risk retirements .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million higher for 2013 compared to 2012 .', '2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 .', 'net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) .', 'the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) .', 'mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 .', 'the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters .', 'partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011 .', 'backlog backlog increased in 2013 compared to 2012 mainly due to higher orders on the thaad program and lower sales volume compared to new orders on certain fire control systems programs in 2013 , partially offset by lower orders on technical services programs and certain tactical missile programs .', 'backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs .', 'trends we expect mfc 2019s net sales to be flat to slightly down in 2014 compared to 2013 , primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs .', 'operating profit is expected to decrease in the high single digit percentage range , driven by a reduction in expected risk retirements in 2014 .', 'accordingly , operating profit margin is expected to slightly decline from 2013 .', 'mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies .', 'mst 2019s major programs include aegis combat system ( aegis ) , lcs , mh-60 , tpq-53 radar system , and mk-41 vertical launching system ( vls ) .', 'mst 2019s operating results included the following ( in millions ) : .']
------
Data Table:
----------------------------------------
Row 1: , 2013, 2012, 2011
Row 2: net sales, $ 7153, $ 7579, $ 7132
Row 3: operating profit, 905, 737, 645
Row 4: operating margins, 12.7% ( 12.7 % ), 9.7% ( 9.7 % ), 9.0% ( 9.0 % )
Row 5: backlog at year-end, 10800, 10700, 10500
----------------------------------------
------
Additional Information: ['2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 .', 'the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume .'] | 7288.0 | LMT/2013/page_47.pdf-1 | ['mfc 2019s operating profit for 2013 increased $ 175 million , or 14% ( 14 % ) , compared to 2012 .', 'the increase was primarily attributable to higher operating profit of approximately $ 85 million for air and missile defense programs ( thaad and pac-3 ) due to increased risk retirements and volume ; about $ 85 million for fire control programs ( sniper ae , lantirn ae and apache ) due to increased risk retirements and higher volume ; and approximately $ 75 million for tactical missile programs ( hellfire and various programs ) due to increased risk retirements .', 'the increases were partially offset by lower operating profit of about $ 45 million for the resolution of contractual matters in the second quarter of 2012 ; and approximately $ 15 million for various technical services programs due to lower volume partially offset by increased risk retirements .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 100 million higher for 2013 compared to 2012 .', '2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 .', 'net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) .', 'the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) .', 'mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 .', 'the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters .', 'partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011 .', 'backlog backlog increased in 2013 compared to 2012 mainly due to higher orders on the thaad program and lower sales volume compared to new orders on certain fire control systems programs in 2013 , partially offset by lower orders on technical services programs and certain tactical missile programs .', 'backlog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs ( primarily lantirn ae and sniper ae ) and on various services programs , partially offset by lower orders and higher sales volume on tactical missiles programs .', 'trends we expect mfc 2019s net sales to be flat to slightly down in 2014 compared to 2013 , primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs .', 'operating profit is expected to decrease in the high single digit percentage range , driven by a reduction in expected risk retirements in 2014 .', 'accordingly , operating profit margin is expected to slightly decline from 2013 .', 'mission systems and training our mst business segment provides ship and submarine mission and combat systems ; mission systems and sensors for rotary and fixed-wing aircraft ; sea and land-based missile defense systems ; radar systems ; littoral combat ships ; simulation and training services ; and unmanned systems and technologies .', 'mst 2019s major programs include aegis combat system ( aegis ) , lcs , mh-60 , tpq-53 radar system , and mk-41 vertical launching system ( vls ) .', 'mst 2019s operating results included the following ( in millions ) : .'] | ['2013 compared to 2012 mst 2019s net sales for 2013 decreased $ 426 million , or 6% ( 6 % ) , compared to 2012 .', 'the decrease was primarily attributable to lower net sales of approximately $ 275 million for various ship and aviation systems programs due to lower volume .'] | ----------------------------------------
Row 1: , 2013, 2012, 2011
Row 2: net sales, $ 7153, $ 7579, $ 7132
Row 3: operating profit, 905, 737, 645
Row 4: operating margins, 12.7% ( 12.7 % ), 9.7% ( 9.7 % ), 9.0% ( 9.0 % )
Row 5: backlog at year-end, 10800, 10700, 10500
---------------------------------------- | table_average(net sales, none) | 7288.0 |
what is the percentage change in the total value of outstanding balance from 2011 to 2012? | Context: ['the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively .', 'the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively .', 'in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units .', 'restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years .', 'the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period .', 'beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .', 'in 2012 , the company also granted 138410 performance shares .', 'the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .', 'the vesting of these shares is contingent on meeting stated performance or market conditions .', 'the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1432610 $ 57 .']
####
Tabular Data:
• , number of shares, weightedaveragegrant datefair value
• outstanding at december 31 2011, 1432610, $ 57
• granted, 1073798, 54
• vested, -366388 ( 366388 ), 55
• cancelled, -226493 ( 226493 ), 63
• outstanding at december 31 2012, 1913527, 54
####
Post-table: ['outstanding at december 31 , 2012 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively .', 'eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .', 'shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .', 'compensation expense is recognized on the dates of purchase for the discount from the closing price .', 'in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees .', 'these shares are subject to a six-month holding period .', 'annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively .', 'non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .', 'non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .', 'as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively .', 'these shares are not subject to any vesting restrictions .', 'expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively .', '19 .', 'fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments .', 'level 1 assets generally include u.s .', 'treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices .', 'if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable .', 'assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s .', 'government agency securities and interest rate swap contracts .', 'asset-backed securities , municipal bonds and u.s .', 'government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings .', 'the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .'] | 0.26539 | CME/2012/page_107.pdf-4 | ['the weighted average grant date fair value of options granted during 2012 , 2011 , and 2010 was $ 13 , $ 19 and $ 20 per share , respectively .', 'the total intrinsic value of options exercised during the years ended december 31 , 2012 , 2011 and 2010 , was $ 19.0 million , $ 4.2 million and $ 15.6 million , respectively .', 'in 2012 , the company granted 931340 shares of restricted class a common stock and 4048 shares of restricted stock units .', 'restricted common stock and restricted stock units generally have a vesting period of 2 to 4 years .', 'the fair value related to these grants was $ 54.5 million , which is recognized as compensation expense on an accelerated basis over the vesting period .', 'beginning with restricted stock grants in september 2010 , dividends are accrued on restricted class a common stock and restricted stock units and are paid once the restricted stock vests .', 'in 2012 , the company also granted 138410 performance shares .', 'the fair value related to these grants was $ 7.7 million , which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period .', 'the vesting of these shares is contingent on meeting stated performance or market conditions .', 'the following table summarizes restricted stock , restricted stock units , and performance shares activity for 2012 : number of shares weighted average grant date fair value outstanding at december 31 , 2011 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1432610 $ 57 .'] | ['outstanding at december 31 , 2012 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1913527 54 the total fair value of restricted stock , restricted stock units , and performance shares that vested during the years ended december 31 , 2012 , 2011 and 2010 , was $ 20.9 million , $ 11.6 million and $ 10.3 million , respectively .', 'eligible employees may acquire shares of class a common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration .', 'shares are purchased at the end of each offering period at a price of 90% ( 90 % ) of the closing price of the class a common stock as reported on the nasdaq global select market .', 'compensation expense is recognized on the dates of purchase for the discount from the closing price .', 'in 2012 , 2011 and 2010 , a total of 27768 , 32085 and 21855 shares , respectively , of class a common stock were issued to participating employees .', 'these shares are subject to a six-month holding period .', 'annual expense of $ 0.1 million , $ 0.2 million and $ 0.1 million for the purchase discount was recognized in 2012 , 2011 and 2010 , respectively .', 'non-executive directors receive an annual award of class a common stock with a value equal to $ 75000 .', 'non-executive directors may also elect to receive some or all of the cash portion of their annual stipend , up to $ 25000 , in shares of stock based on the closing price at the date of distribution .', 'as a result , 40260 , 40585 and 37350 shares of class a common stock were issued to non-executive directors during 2012 , 2011 and 2010 , respectively .', 'these shares are not subject to any vesting restrictions .', 'expense of $ 2.2 million , $ 2.1 million and $ 2.4 million related to these stock-based payments was recognized for the years ended december 31 , 2012 , 2011 and 2010 , respectively .', '19 .', 'fair value measurements in general , the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments .', 'level 1 assets generally include u.s .', 'treasury securities , equity securities listed in active markets , and investments in publicly traded mutual funds with quoted market prices .', 'if quoted prices are not available to determine fair value , the company uses other inputs that are directly observable .', 'assets included in level 2 generally consist of asset- backed securities , municipal bonds , u.s .', 'government agency securities and interest rate swap contracts .', 'asset-backed securities , municipal bonds and u.s .', 'government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates , interest rates and credit ratings .', 'the company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. .'] | • , number of shares, weightedaveragegrant datefair value
• outstanding at december 31 2011, 1432610, $ 57
• granted, 1073798, 54
• vested, -366388 ( 366388 ), 55
• cancelled, -226493 ( 226493 ), 63
• outstanding at december 31 2012, 1913527, 54 | multiply(1432610, 57), multiply(1913527, 54), subtract(#1, #0), divide(#2, #0) | 0.26539 |
what was the total cash dividend declared from 2016 to 2018 | Background: ['republic services , inc .', 'notes to consolidated financial statements 2014 ( continued ) 12 .', 'share repurchases and dividends share repurchases share repurchase activity during the years ended december 31 , 2018 and 2017 follows ( in millions except per share amounts ) : .']
Table:
========================================
• , 2018, 2017
• number of shares repurchased, 10.7, 9.6
• amount paid, $ 736.9, $ 610.7
• weighted average cost per share, $ 69.06, $ 63.84
========================================
Additional Information: ['as of december 31 , 2018 , there were no repurchased shares pending settlement .', 'in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 .', 'share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .', 'while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .', 'the share repurchase program may be extended , suspended or discontinued at any time .', 'as of december 31 , 2018 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.1 billion .', 'dividends in october 2018 , our board of directors approved a quarterly dividend of $ 0.375 per share .', 'cash dividends declared were $ 468.4 million , $ 446.3 million and $ 423.8 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively .', 'as of december 31 , 2018 , we recorded a quarterly dividend payable of $ 121.0 million to shareholders of record at the close of business on january 2 , 2019 .', '13 .', 'earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc .', 'by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the period .', 'diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding , which include , where appropriate , the assumed exercise of employee stock options , unvested rsus and unvested psus at the expected attainment levels .', 'we use the treasury stock method in computing diluted earnings per share. .'] | 1338.5 | RSG/2018/page_139.pdf-1 | ['republic services , inc .', 'notes to consolidated financial statements 2014 ( continued ) 12 .', 'share repurchases and dividends share repurchases share repurchase activity during the years ended december 31 , 2018 and 2017 follows ( in millions except per share amounts ) : .'] | ['as of december 31 , 2018 , there were no repurchased shares pending settlement .', 'in october 2017 , our board of directors added $ 2.0 billion to the existing share repurchase authorization that now extends through december 31 , 2020 .', 'share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .', 'while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .', 'the share repurchase program may be extended , suspended or discontinued at any time .', 'as of december 31 , 2018 , the remaining authorized purchase capacity under our october 2017 repurchase program was $ 1.1 billion .', 'dividends in october 2018 , our board of directors approved a quarterly dividend of $ 0.375 per share .', 'cash dividends declared were $ 468.4 million , $ 446.3 million and $ 423.8 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively .', 'as of december 31 , 2018 , we recorded a quarterly dividend payable of $ 121.0 million to shareholders of record at the close of business on january 2 , 2019 .', '13 .', 'earnings per share basic earnings per share is computed by dividing net income attributable to republic services , inc .', 'by the weighted average number of common shares ( including vested but unissued rsus ) outstanding during the period .', 'diluted earnings per share is based on the combined weighted average number of common shares and common share equivalents outstanding , which include , where appropriate , the assumed exercise of employee stock options , unvested rsus and unvested psus at the expected attainment levels .', 'we use the treasury stock method in computing diluted earnings per share. .'] | ========================================
• , 2018, 2017
• number of shares repurchased, 10.7, 9.6
• amount paid, $ 736.9, $ 610.7
• weighted average cost per share, $ 69.06, $ 63.84
======================================== | add(468.4, 446.3), add(423.8, #0) | 1338.5 |
what is the increase of the total trading assets between the years 2007 and 2008 , in millions of dollars? | Pre-text: ['jpmorgan chase & co./2009 annual report 173 trading assets and liabilities average balances average trading assets and liabilities were as follows for the periods indicated. .']
Data Table:
----------------------------------------
year ended december 31 ( in millions ) 2009 2008 2007
trading assets 2013 debt and equity instruments $ 318063 $ 384102 $ 381415
trading assets 2013 derivative receivables 110457 121417 65439
trading liabilities 2013 debt and equityinstruments ( a ) $ 60224 $ 78841 $ 94737
trading liabilities 2013 derivative payables 77901 93200 65198
----------------------------------------
Additional Information: ['( a ) primarily represent securities sold , not yet purchased .', 'note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .', 'elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .', 'elections include : 2022 securities financing arrangements with an embedded derivative and/or a maturity of greater than one year .', '2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or managed on a fair value basis .', '2022 structured notes issued as part of ib 2019s client-driven activities .', '( structured notes are financial instruments that contain embed- ded derivatives. ) 2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .', 'the cumulative effect on retained earnings of the adoption of the fair value option on january 1 , 2007 , was $ 199 million. .'] | 58665.0 | JPM/2009/page_175.pdf-5 | ['jpmorgan chase & co./2009 annual report 173 trading assets and liabilities average balances average trading assets and liabilities were as follows for the periods indicated. .'] | ['( a ) primarily represent securities sold , not yet purchased .', 'note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .', 'elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .', 'elections include : 2022 securities financing arrangements with an embedded derivative and/or a maturity of greater than one year .', '2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or managed on a fair value basis .', '2022 structured notes issued as part of ib 2019s client-driven activities .', '( structured notes are financial instruments that contain embed- ded derivatives. ) 2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .', 'the cumulative effect on retained earnings of the adoption of the fair value option on january 1 , 2007 , was $ 199 million. .'] | ----------------------------------------
year ended december 31 ( in millions ) 2009 2008 2007
trading assets 2013 debt and equity instruments $ 318063 $ 384102 $ 381415
trading assets 2013 derivative receivables 110457 121417 65439
trading liabilities 2013 debt and equityinstruments ( a ) $ 60224 $ 78841 $ 94737
trading liabilities 2013 derivative payables 77901 93200 65198
---------------------------------------- | add(384102, 121417), add(381415, 65439), subtract(#0, #1) | 58665.0 |
in 2012 , securities borrowed were what percent of securities loaned? | Background: ['jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .', 'securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .', 'resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .', 'securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .', 'where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .', 'fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .', 'the firm has elected the fair value option for certain securities financing agreements .', 'for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .', 'the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .', 'generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .', 'however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .', 'the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .', 'december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .', '( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .', '( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .', '( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .', 'there were no securities loaned accounted for at fair value at december 31 , 2011 .', 'the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .', 'jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .', 'the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .', 'agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .', 'margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .', 'jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .', 'as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .']
Data Table:
----------------------------------------
• december 31 ( in millions ), 2012, 2011
• securities purchased under resale agreements ( a ), $ 295413, $ 235000
• securities borrowed ( b ), 119017, 142462
• securities sold under repurchase agreements ( c ), $ 215560, $ 197789
• securities loaned ( d ), 23582, 14214
----------------------------------------
Post-table: ['jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .', 'securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .', 'resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .', 'securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .', 'where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .', 'fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .', 'the firm has elected the fair value option for certain securities financing agreements .', 'for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .', 'the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .', 'generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .', 'however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .', 'the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .', 'december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .', '( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .', '( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .', '( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .', 'there were no securities loaned accounted for at fair value at december 31 , 2011 .', 'the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .', 'jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .', 'the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .', 'agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .', 'margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .', 'jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .', 'as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .'] | 5.04694 | JPM/2012/page_239.pdf-2 | ['jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .', 'securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .', 'resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .', 'securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .', 'where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .', 'fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .', 'the firm has elected the fair value option for certain securities financing agreements .', 'for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .', 'the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .', 'generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .', 'however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .', 'the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .', 'december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .', '( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .', '( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .', '( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .', 'there were no securities loaned accounted for at fair value at december 31 , 2011 .', 'the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .', 'jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .', 'the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .', 'agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .', 'margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .', 'jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .', 'as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .'] | ['jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations .', 'securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets .', 'resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest .', 'securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received .', 'where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis .', 'fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively .', 'the firm has elected the fair value option for certain securities financing agreements .', 'for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report .', 'the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets .', 'generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue .', 'however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue .', 'the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented .', 'december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value .', '( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value .', '( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value .', '( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value .', 'there were no securities loaned accounted for at fair value at december 31 , 2011 .', 'the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance .', 'jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed .', 'the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s .', 'agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities .', 'margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default .', 'jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default .', 'as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .'] | ----------------------------------------
• december 31 ( in millions ), 2012, 2011
• securities purchased under resale agreements ( a ), $ 295413, $ 235000
• securities borrowed ( b ), 119017, 142462
• securities sold under repurchase agreements ( c ), $ 215560, $ 197789
• securities loaned ( d ), 23582, 14214
---------------------------------------- | divide(119017, 23582) | 5.04694 |
what was the change in millions of trade receivables sold from 2014 to 2015? | Context: ['in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs .', 'these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries .', 'borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .', 'commercial paper program 2013 we have commercial paper programs in place in the u.s .', 'and in europe .', 'at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding .', 'effective april 19 , 2013 , our commercial paper program in the u.s .', 'was increased by $ 2.0 billion .', 'as a result , our commercial paper programs in place in the u.s .', 'and in europe currently have an aggregate issuance capacity of $ 8.0 billion .', 'we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements .', 'sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions .', 'these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse .', 'the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets .', 'we sell trade receivables under two types of arrangements , servicing and non-servicing .', 'pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions .', 'the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively .', 'the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows .', 'for further details , see item 8 , note 23 .', 'sale of accounts receivable to our consolidated financial statements .', 'debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .', 'our total debt is primarily fixed rate in nature .', 'for further details , see item 8 , note 7 .', 'indebtedness .', 'the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 .', 'see item 8 , note 16 .', 'fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt .', 'the amount of debt that we can issue is subject to approval by our board of directors .', 'on february 21 , 2014 , we filed a shelf registration statement with the u.s .', 'securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period .', 'our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s .', 'dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s .', 'dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 .', 'the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes .', 'the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 .', '2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .']
##########
Data Table:
****************************************
type, , face value, interest rate, issuance, maturity
u.s . dollar notes, ( a ), $ 500, 1.250% ( 1.250 % ), august 2015, august 2017
u.s . dollar notes, ( a ), $ 750, 3.375% ( 3.375 % ), august 2015, august 2025
****************************************
##########
Follow-up: ['in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs .', 'these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries .', 'borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .', 'commercial paper program 2013 we have commercial paper programs in place in the u.s .', 'and in europe .', 'at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding .', 'effective april 19 , 2013 , our commercial paper program in the u.s .', 'was increased by $ 2.0 billion .', 'as a result , our commercial paper programs in place in the u.s .', 'and in europe currently have an aggregate issuance capacity of $ 8.0 billion .', 'we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements .', 'sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions .', 'these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse .', 'the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets .', 'we sell trade receivables under two types of arrangements , servicing and non-servicing .', 'pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions .', 'the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively .', 'the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows .', 'for further details , see item 8 , note 23 .', 'sale of accounts receivable to our consolidated financial statements .', 'debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .', 'our total debt is primarily fixed rate in nature .', 'for further details , see item 8 , note 7 .', 'indebtedness .', 'the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 .', 'see item 8 , note 16 .', 'fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt .', 'the amount of debt that we can issue is subject to approval by our board of directors .', 'on february 21 , 2014 , we filed a shelf registration statement with the u.s .', 'securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period .', 'our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s .', 'dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s .', 'dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 .', 'the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes .', 'the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 .', '2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .'] | 768.0 | PM/2015/page_85.pdf-4 | ['in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs .', 'these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries .', 'borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .', 'commercial paper program 2013 we have commercial paper programs in place in the u.s .', 'and in europe .', 'at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding .', 'effective april 19 , 2013 , our commercial paper program in the u.s .', 'was increased by $ 2.0 billion .', 'as a result , our commercial paper programs in place in the u.s .', 'and in europe currently have an aggregate issuance capacity of $ 8.0 billion .', 'we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements .', 'sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions .', 'these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse .', 'the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets .', 'we sell trade receivables under two types of arrangements , servicing and non-servicing .', 'pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions .', 'the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively .', 'the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows .', 'for further details , see item 8 , note 23 .', 'sale of accounts receivable to our consolidated financial statements .', 'debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .', 'our total debt is primarily fixed rate in nature .', 'for further details , see item 8 , note 7 .', 'indebtedness .', 'the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 .', 'see item 8 , note 16 .', 'fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt .', 'the amount of debt that we can issue is subject to approval by our board of directors .', 'on february 21 , 2014 , we filed a shelf registration statement with the u.s .', 'securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period .', 'our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s .', 'dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s .', 'dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 .', 'the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes .', 'the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 .', '2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .'] | ['in addition to the committed credit facilities discussed above , certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs .', 'these credit arrangements , which amounted to approximately $ 2.9 billion at december 31 , 2015 , and $ 3.2 billion at december 31 , 2014 , are for the sole use of our subsidiaries .', 'borrowings under these arrangements amounted to $ 825 million at december 31 , 2015 , and $ 1.2 billion at december 31 , 2014 .', 'commercial paper program 2013 we have commercial paper programs in place in the u.s .', 'and in europe .', 'at december 31 , 2015 and december 31 , 2014 , we had no commercial paper outstanding .', 'effective april 19 , 2013 , our commercial paper program in the u.s .', 'was increased by $ 2.0 billion .', 'as a result , our commercial paper programs in place in the u.s .', 'and in europe currently have an aggregate issuance capacity of $ 8.0 billion .', 'we expect that the existence of the commercial paper program and the committed credit facilities , coupled with our operating cash flows , will enable us to meet our liquidity requirements .', 'sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions .', 'these arrangements allow us to sell , on an ongoing basis , certain trade receivables without recourse .', 'the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets .', 'we sell trade receivables under two types of arrangements , servicing and non-servicing .', 'pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets , which remained outstanding with the unaffiliated financial institutions .', 'the trade receivables sold that remained outstanding under these arrangements as of december 31 , 2015 , 2014 and 2013 were $ 888 million , $ 120 million and $ 146 million , respectively .', 'the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows .', 'for further details , see item 8 , note 23 .', 'sale of accounts receivable to our consolidated financial statements .', 'debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .', 'our total debt is primarily fixed rate in nature .', 'for further details , see item 8 , note 7 .', 'indebtedness .', 'the weighted-average all-in financing cost of our total debt was 3.0% ( 3.0 % ) in 2015 , compared to 3.2% ( 3.2 % ) in 2014 .', 'see item 8 , note 16 .', 'fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt .', 'the amount of debt that we can issue is subject to approval by our board of directors .', 'on february 21 , 2014 , we filed a shelf registration statement with the u.s .', 'securities and exchange commission , under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period .', 'our debt issuances in 2015 were as follows : ( in millions ) type face value interest rate issuance maturity u.s .', 'dollar notes ( a ) $ 500 1.250% ( 1.250 % ) august 2015 august 2017 u.s .', 'dollar notes ( a ) $ 750 3.375% ( 3.375 % ) august 2015 august 2025 ( a ) interest on these notes is payable annually in arrears beginning in february 2016 .', 'the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes .', 'the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015 .', '2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements , including special purpose entities , other than guarantees and contractual obligations discussed below. .'] | ****************************************
type, , face value, interest rate, issuance, maturity
u.s . dollar notes, ( a ), $ 500, 1.250% ( 1.250 % ), august 2015, august 2017
u.s . dollar notes, ( a ), $ 750, 3.375% ( 3.375 % ), august 2015, august 2025
**************************************** | subtract(888, 120) | 768.0 |
what is the percent change in future minimum lease payments from 2015 to 2016? | Context: ['entergy corporation and subsidiaries notes to financial statements this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .', 'the amount was a net regulatory liability of $ 61.6 million and $ 27.8 million as of december 31 , 2013 and 2012 , respectively .', 'as of december 31 , 2013 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt , as follows : amount ( in thousands ) .']
Data Table:
****************************************
amount ( in thousands )
2014 $ 51637
2015 52253
2016 13750
2017 13750
2018 13750
years thereafter 247500
total 392640
less : amount representing interest 295226
present value of net minimum lease payments $ 97414
****************************************
Post-table: ['.'] | 2.80022 | ETR/2013/page_136.pdf-4 | ['entergy corporation and subsidiaries notes to financial statements this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term .', 'the amount was a net regulatory liability of $ 61.6 million and $ 27.8 million as of december 31 , 2013 and 2012 , respectively .', 'as of december 31 , 2013 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt , as follows : amount ( in thousands ) .'] | ['.'] | ****************************************
amount ( in thousands )
2014 $ 51637
2015 52253
2016 13750
2017 13750
2018 13750
years thereafter 247500
total 392640
less : amount representing interest 295226
present value of net minimum lease payments $ 97414
**************************************** | subtract(52253, 13750), divide(#0, 13750) | 2.80022 |
in 2018 what was the debt to the equity ratio | Context: ['masco corporation notes to consolidated financial statements ( continued ) m .', 'employee retirement plans ( continued ) plan assets .', 'our qualified defined-benefit pension plan weighted average asset allocation , which is based upon fair value , was as follows: .']
--------
Data Table:
----------------------------------------
, 2018, 2017
equity securities, 34% ( 34 % ), 55% ( 55 % )
debt securities, 49% ( 49 % ), 28% ( 28 % )
other, 17% ( 17 % ), 17% ( 17 % )
total, 100% ( 100 % ), 100% ( 100 % )
----------------------------------------
--------
Post-table: ['for our qualified defined-benefit pension plans , we have adopted accounting guidance that defines fair value , establishes a framework for measuring fair value and prescribes disclosures about fair value measurements .', 'accounting guidance defines fair value as "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." following is a description of the valuation methodologies used for assets measured at fair value .', 'there have been no changes in the methodologies used at december 31 , 2018 compared to december 31 , 2017 .', 'common and preferred stocks and short-term and other investments : valued at the closing price reported on the active market on which the individual securities are traded or based on the active market for similar securities .', 'certain investments are valued based on net asset value ( "nav" ) , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are no unfunded commitments or other restrictions associated with these investments .', 'private equity and hedge funds : valued based on an estimated fair value using either a market approach or an income approach , both of which require a significant degree of judgment .', 'there is no active trading market for these investments and they are generally illiquid .', 'due to the significant unobservable inputs , the fair value measurements used to estimate fair value are a level 3 input .', 'certain investments are valued based on nav , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are no unfunded commitments or other restrictions associated with the investments valued at nav .', 'corporate , government and other debt securities : valued based on either the closing price reported on the active market on which the individual securities are traded or using pricing models maximizing the use of observable inputs for similar securities .', 'this includes basing value on yields currently available on comparable securities of issuers with similar credit ratings .', 'certain investments are valued based on nav , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are unfunded commitments of $ 1 million and no other restrictions associated with these investments .', 'common collective trust fund : valued based on an amortized cost basis , which approximates fair value .', "such basis is determined by reference to the respective fund's underlying assets , which are primarily cash equivalents .", 'there are no unfunded commitments or other restrictions associated with this fund .', 'buy-in annuity : valued based on the associated benefit obligation for which the buy-in annuity covers the benefits , which approximates fair value .', 'such basis is determined based on various assumptions , including the discount rate , long-term rate of return on plan assets and mortality rate .', 'the methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values .', 'furthermore , while we believe our valuation methods are appropriate and consistent with other market participants , the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date .', 'the following tables set forth , by level within the fair value hierarchy , the qualified defined-benefit pension plan assets at fair value as of december 31 , 2018 and 2017 , as well as those valued at nav using the practical expedient , which approximates fair value , in millions. .'] | 1.44118 | MAS/2018/page_73.pdf-2 | ['masco corporation notes to consolidated financial statements ( continued ) m .', 'employee retirement plans ( continued ) plan assets .', 'our qualified defined-benefit pension plan weighted average asset allocation , which is based upon fair value , was as follows: .'] | ['for our qualified defined-benefit pension plans , we have adopted accounting guidance that defines fair value , establishes a framework for measuring fair value and prescribes disclosures about fair value measurements .', 'accounting guidance defines fair value as "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." following is a description of the valuation methodologies used for assets measured at fair value .', 'there have been no changes in the methodologies used at december 31 , 2018 compared to december 31 , 2017 .', 'common and preferred stocks and short-term and other investments : valued at the closing price reported on the active market on which the individual securities are traded or based on the active market for similar securities .', 'certain investments are valued based on net asset value ( "nav" ) , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are no unfunded commitments or other restrictions associated with these investments .', 'private equity and hedge funds : valued based on an estimated fair value using either a market approach or an income approach , both of which require a significant degree of judgment .', 'there is no active trading market for these investments and they are generally illiquid .', 'due to the significant unobservable inputs , the fair value measurements used to estimate fair value are a level 3 input .', 'certain investments are valued based on nav , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are no unfunded commitments or other restrictions associated with the investments valued at nav .', 'corporate , government and other debt securities : valued based on either the closing price reported on the active market on which the individual securities are traded or using pricing models maximizing the use of observable inputs for similar securities .', 'this includes basing value on yields currently available on comparable securities of issuers with similar credit ratings .', 'certain investments are valued based on nav , which approximates fair value .', "such basis is determined by referencing the respective fund's underlying assets .", 'there are unfunded commitments of $ 1 million and no other restrictions associated with these investments .', 'common collective trust fund : valued based on an amortized cost basis , which approximates fair value .', "such basis is determined by reference to the respective fund's underlying assets , which are primarily cash equivalents .", 'there are no unfunded commitments or other restrictions associated with this fund .', 'buy-in annuity : valued based on the associated benefit obligation for which the buy-in annuity covers the benefits , which approximates fair value .', 'such basis is determined based on various assumptions , including the discount rate , long-term rate of return on plan assets and mortality rate .', 'the methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values .', 'furthermore , while we believe our valuation methods are appropriate and consistent with other market participants , the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date .', 'the following tables set forth , by level within the fair value hierarchy , the qualified defined-benefit pension plan assets at fair value as of december 31 , 2018 and 2017 , as well as those valued at nav using the practical expedient , which approximates fair value , in millions. .'] | ----------------------------------------
, 2018, 2017
equity securities, 34% ( 34 % ), 55% ( 55 % )
debt securities, 49% ( 49 % ), 28% ( 28 % )
other, 17% ( 17 % ), 17% ( 17 % )
total, 100% ( 100 % ), 100% ( 100 % )
---------------------------------------- | divide(49, 34) | 1.44118 |
what is the ratio of the decrease in the retained earnings to the to the beginning amount of unrecognized tax benefits in 2007 | Background: ['notes to consolidated financial statements note 11 .', 'income taxes 2013 ( continued ) the federal income tax return for 2006 is subject to examination by the irs .', 'in addition for 2007 and 2008 , the irs has invited the company to participate in the compliance assurance process ( 201ccap 201d ) , which is a voluntary program for a limited number of large corporations .', 'under cap , the irs conducts a real-time audit and works contemporaneously with the company to resolve any issues prior to the filing of the tax return .', 'the company has agreed to participate .', 'the company believes this approach should reduce tax-related uncertainties , if any .', 'the company and/or its subsidiaries also file income tax returns in various state , local and foreign jurisdictions .', 'these returns , with few exceptions , are no longer subject to examination by the various taxing authorities before as discussed in note 1 , the company adopted the provisions of fin no .', '48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 .', 'as a result of the implementation of fin no .', '48 , the company recognized a decrease to beginning retained earnings on january 1 , 2007 of $ 37 million .', 'the total amount of unrecognized tax benefits as of the date of adoption was approximately $ 70 million .', 'included in the balance at january 1 , 2007 , were $ 51 million of tax positions that if recognized would affect the effective tax rate .', 'a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : ( in millions ) .']
Data Table:
========================================
balance january 1 2007, $ 70
additions based on tax positions related to the current year, 12
additions for tax positions of prior years, 3
reductions for tax positions related to the current year, -23 ( 23 )
settlements, -6 ( 6 )
expiration of statute of limitations, -3 ( 3 )
balance december 31 2007, $ 53
========================================
Follow-up: ['the company anticipates that it is reasonably possible that payments of approximately $ 2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months .', 'additionally , certain state and foreign income tax returns will no longer be subject to examination and as a result , there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $ 7 million .', 'at december 31 , 2007 , there were $ 42 million of tax benefits that if recognized would affect the effective rate .', 'the company recognizes interest accrued related to : ( 1 ) unrecognized tax benefits in interest expense and ( 2 ) tax refund claims in other revenues on the consolidated statements of income .', 'the company recognizes penalties in income tax expense ( benefit ) on the consolidated statements of income .', 'during 2007 , the company recorded charges of approximately $ 4 million for interest expense and $ 2 million for penalties .', 'provision has been made for the expected u.s .', 'federal income tax liabilities applicable to undistributed earnings of subsidiaries , except for certain subsidiaries for which the company intends to invest the undistributed earnings indefinitely , or recover such undistributed earnings tax-free .', 'at december 31 , 2007 , the company has not provided deferred taxes of $ 126 million , if sold through a taxable sale , on $ 361 million of undistributed earnings related to a domestic affiliate .', 'the determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable .', 'in connection with a non-recurring distribution of $ 850 million to diamond offshore from a foreign subsidiary , a portion of which consisted of earnings of the subsidiary that had not previously been subjected to u.s .', 'federal income tax , diamond offshore recognized $ 59 million of u.s .', 'federal income tax expense as a result of the distribution .', 'it remains diamond offshore 2019s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities .', 'total income tax expense for the years ended december 31 , 2007 , 2006 and 2005 , was different than the amounts of $ 1601 million , $ 1557 million and $ 639 million , computed by applying the statutory u.s .', 'federal income tax rate of 35% ( 35 % ) to income before income taxes and minority interest for each of the years. .'] | 0.52857 | L/2007/page_213.pdf-4 | ['notes to consolidated financial statements note 11 .', 'income taxes 2013 ( continued ) the federal income tax return for 2006 is subject to examination by the irs .', 'in addition for 2007 and 2008 , the irs has invited the company to participate in the compliance assurance process ( 201ccap 201d ) , which is a voluntary program for a limited number of large corporations .', 'under cap , the irs conducts a real-time audit and works contemporaneously with the company to resolve any issues prior to the filing of the tax return .', 'the company has agreed to participate .', 'the company believes this approach should reduce tax-related uncertainties , if any .', 'the company and/or its subsidiaries also file income tax returns in various state , local and foreign jurisdictions .', 'these returns , with few exceptions , are no longer subject to examination by the various taxing authorities before as discussed in note 1 , the company adopted the provisions of fin no .', '48 , 201caccounting for uncertainty in income taxes , 201d on january 1 , 2007 .', 'as a result of the implementation of fin no .', '48 , the company recognized a decrease to beginning retained earnings on january 1 , 2007 of $ 37 million .', 'the total amount of unrecognized tax benefits as of the date of adoption was approximately $ 70 million .', 'included in the balance at january 1 , 2007 , were $ 51 million of tax positions that if recognized would affect the effective tax rate .', 'a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : ( in millions ) .'] | ['the company anticipates that it is reasonably possible that payments of approximately $ 2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months .', 'additionally , certain state and foreign income tax returns will no longer be subject to examination and as a result , there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $ 7 million .', 'at december 31 , 2007 , there were $ 42 million of tax benefits that if recognized would affect the effective rate .', 'the company recognizes interest accrued related to : ( 1 ) unrecognized tax benefits in interest expense and ( 2 ) tax refund claims in other revenues on the consolidated statements of income .', 'the company recognizes penalties in income tax expense ( benefit ) on the consolidated statements of income .', 'during 2007 , the company recorded charges of approximately $ 4 million for interest expense and $ 2 million for penalties .', 'provision has been made for the expected u.s .', 'federal income tax liabilities applicable to undistributed earnings of subsidiaries , except for certain subsidiaries for which the company intends to invest the undistributed earnings indefinitely , or recover such undistributed earnings tax-free .', 'at december 31 , 2007 , the company has not provided deferred taxes of $ 126 million , if sold through a taxable sale , on $ 361 million of undistributed earnings related to a domestic affiliate .', 'the determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable .', 'in connection with a non-recurring distribution of $ 850 million to diamond offshore from a foreign subsidiary , a portion of which consisted of earnings of the subsidiary that had not previously been subjected to u.s .', 'federal income tax , diamond offshore recognized $ 59 million of u.s .', 'federal income tax expense as a result of the distribution .', 'it remains diamond offshore 2019s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities .', 'total income tax expense for the years ended december 31 , 2007 , 2006 and 2005 , was different than the amounts of $ 1601 million , $ 1557 million and $ 639 million , computed by applying the statutory u.s .', 'federal income tax rate of 35% ( 35 % ) to income before income taxes and minority interest for each of the years. .'] | ========================================
balance january 1 2007, $ 70
additions based on tax positions related to the current year, 12
additions for tax positions of prior years, 3
reductions for tax positions related to the current year, -23 ( 23 )
settlements, -6 ( 6 )
expiration of statute of limitations, -3 ( 3 )
balance december 31 2007, $ 53
======================================== | divide(37, 70) | 0.52857 |
for 2012 quarterly residential mortgage repurchase claims , what was the change in millions between originations from first and second quarter of 2007? | Context: ['indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .', 'in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction .', 'for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels .', 'in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) .', 'depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly .', 'our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) .', 'origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .', 'we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased .', 'for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis .', 'to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification .', 'see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information .', 'the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters .', 'table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 .']
Tabular Data:
----------------------------------------
Row 1: dollars in millions, december 31 2012, september 30 2012, june 30 2012, march 31 2012, december 312011
Row 2: 2004 & prior, $ 11, $ 15, $ 31, $ 10, $ 11
Row 3: 2005, 8, 10, 19, 12, 13
Row 4: 2006, 23, 30, 56, 41, 28
Row 5: 2007, 45, 137, 182, 100, 90
Row 6: 2008, 7, 23, 49, 17, 18
Row 7: 2008 & prior, 94, 215, 337, 180, 160
Row 8: 2009 2013 2012, 38, 52, 42, 33, 29
Row 9: total, $ 132, $ 267, $ 379, $ 213, $ 189
Row 10: fnma fhlmc and gnma % ( % ), 94% ( 94 % ), 87% ( 87 % ), 86% ( 86 % ), 88% ( 88 % ), 91% ( 91 % )
----------------------------------------
Post-table: ['the pnc financial services group , inc .', '2013 form 10-k 79 .'] | 10.0 | PNC/2012/page_98.pdf-2 | ['indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases ; however , on occasion we may negotiate pooled settlements with investors .', 'in connection with pooled settlements , we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction .', 'for the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below , a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels .', 'in certain instances when indemnification or repurchase claims are settled for these types of sold loans , we have recourse back to the correspondent lenders , brokers and other third-parties ( e.g. , contract underwriting companies , closing agents , appraisers , etc. ) .', 'depending on the underlying reason for the investor claim , we determine our ability to pursue recourse with these parties and file claims with them accordingly .', 'our historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations ( e.g. , their capital availability or whether they remain in business ) or factors that limit our ability to pursue recourse from these parties ( e.g. , contractual loss caps , statutes of limitations ) .', 'origination and sale of residential mortgages is an ongoing business activity , and , accordingly , management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements .', 'we establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased .', 'for the first and second- lien mortgage sold portfolio , we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made , demand patterns observed to date and/or expected in the future , and our estimate of future claims on a loan by loan basis .', 'to estimate the mortgage repurchase liability arising from breaches of representations and warranties , we consider the following factors : ( i ) borrower performance in our historically sold portfolio ( both actual and estimated future defaults ) , ( ii ) the level of outstanding unresolved repurchase claims , ( iii ) estimated probable future repurchase claims , considering information about file requests , delinquent and liquidated loans , resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions , ( iv ) the potential ability to cure the defects identified in the repurchase claims ( 201crescission rate 201d ) , and ( v ) the estimated severity of loss upon repurchase of the loan or collateral , make-whole settlement , or indemnification .', 'see note 24 commitments and guarantees in the notes to consolidated financial statements in item 8 of this report for additional information .', 'the following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters .', 'table 28 : analysis of quarterly residential mortgage repurchase claims by vintage dollars in millions december 31 september 30 june 30 march 31 december 31 .'] | ['the pnc financial services group , inc .', '2013 form 10-k 79 .'] | ----------------------------------------
Row 1: dollars in millions, december 31 2012, september 30 2012, june 30 2012, march 31 2012, december 312011
Row 2: 2004 & prior, $ 11, $ 15, $ 31, $ 10, $ 11
Row 3: 2005, 8, 10, 19, 12, 13
Row 4: 2006, 23, 30, 56, 41, 28
Row 5: 2007, 45, 137, 182, 100, 90
Row 6: 2008, 7, 23, 49, 17, 18
Row 7: 2008 & prior, 94, 215, 337, 180, 160
Row 8: 2009 2013 2012, 38, 52, 42, 33, 29
Row 9: total, $ 132, $ 267, $ 379, $ 213, $ 189
Row 10: fnma fhlmc and gnma % ( % ), 94% ( 94 % ), 87% ( 87 % ), 86% ( 86 % ), 88% ( 88 % ), 91% ( 91 % )
---------------------------------------- | subtract(100, 90) | 10.0 |
in 2013 what was the anticipated percentage growth in the stock performance for the peer group in 2014 | Background: ['stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc .', 'under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing .', 'the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group .', 'the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc .', 'the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims .', 'many of these companies are also used by our compensation committee for purposes of compensation benchmarking .', 'the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any .', 'the s&p 500 and our peer group are included for comparative purposes only .', 'they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock .', 's&p 500 quintilesims peer group .']
##########
Data Table:
| 5/9/2013 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016
q | $ 100 | $ 110 | $ 140 | $ 163 | $ 181
peer group | $ 100 | $ 116 | $ 143 | $ 151 | $ 143
s&p 500 | $ 100 | $ 114 | $ 127 | $ 126 | $ 138
##########
Additional Information: ['item 6 .', 'selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .'] | 0.43 | IQV/2016/page_57.pdf-3 | ['stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc .', 'under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing .', 'the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group .', 'the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc .', 'the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims .', 'many of these companies are also used by our compensation committee for purposes of compensation benchmarking .', 'the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any .', 'the s&p 500 and our peer group are included for comparative purposes only .', 'they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock .', 's&p 500 quintilesims peer group .'] | ['item 6 .', 'selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .'] | | 5/9/2013 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016
q | $ 100 | $ 110 | $ 140 | $ 163 | $ 181
peer group | $ 100 | $ 116 | $ 143 | $ 151 | $ 143
s&p 500 | $ 100 | $ 114 | $ 127 | $ 126 | $ 138 | subtract(143, 100), divide(#0, 100) | 0.43 |
what was the implied total value in millions of the brazilian beverage packaging joint venture , latapack-ball , in august 2010? | Context: ['page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .', 'acquisitions latapack-ball embalagens ltda .', '( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .', 'this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .', 'as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .', 'latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .', 'in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .', 'the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .', 'the valuation was based on market and income approaches. .']
Table:
****************************************
cash $ 69.3
current assets 84.7
property plant and equipment 265.9
goodwill 100.2
intangible asset 52.8
current liabilities -53.2 ( 53.2 )
long-term liabilities -174.1 ( 174.1 )
net assets acquired $ 345.6
noncontrolling interests $ -132.9 ( 132.9 )
****************************************
Additional Information: ['noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .', 'the intangible asset is being amortized on a straight-line basis .', 'neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .', 'neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .', 'neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .', 'the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .', 'guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .', 'ball has owned 35 percent of the joint venture plant since 1992 .', 'ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .', 'the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .', 'the purchase accounting was completed during the third quarter of 2010 .', 'the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .'] | 457.42574 | BLL/2010/page_58.pdf-4 | ['page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .', 'acquisitions latapack-ball embalagens ltda .', '( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .', 'this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .', 'as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .', 'latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .', 'in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .', 'the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .', 'the valuation was based on market and income approaches. .'] | ['noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .', 'the intangible asset is being amortized on a straight-line basis .', 'neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .', 'neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .', 'neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .', 'the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .', 'guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .', 'ball has owned 35 percent of the joint venture plant since 1992 .', 'ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .', 'the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .', 'the purchase accounting was completed during the third quarter of 2010 .', 'the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .'] | ****************************************
cash $ 69.3
current assets 84.7
property plant and equipment 265.9
goodwill 100.2
intangible asset 52.8
current liabilities -53.2 ( 53.2 )
long-term liabilities -174.1 ( 174.1 )
net assets acquired $ 345.6
noncontrolling interests $ -132.9 ( 132.9 )
**************************************** | divide(10.1, const_100), divide(46.2, #0) | 457.42574 |
what was the percentage change in inventory between 2006 and 2007? | Background: ['no .', '159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date .', 'sfas no .', '159 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .', 'although the company will continue to evaluate the application of sfas no .', '159 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'in september 2006 , the fasb issued sfas no .', '157 , fair value measurements , which defines fair value , provides a framework for measuring fair value , and expands the disclosures required for fair value measurements .', 'sfas no .', '157 applies to other accounting pronouncements that require fair value measurements ; it does not require any new fair value measurements .', 'sfas no .', '157 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .', 'although the company will continue to evaluate the application of sfas no .', '157 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'in june 2006 , the fasb issued fasb interpretation no .', '( 2018 2018fin 2019 2019 ) 48 , accounting for uncertainty in income taxes-an interpretation of fasb statement no .', '109 .', 'fin 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize , measure , present , and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return .', 'fin 48 is effective for fiscal years beginning after december 15 , 2006 and is required to be adopted by the company beginning in the first quarter of fiscal 2008 .', 'although the company will continue to evaluate the application of fin 48 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .']
Table:
----------------------------------------
• , september 29 2007, september 30 2006, september 24 2005
• cash cash equivalents and short-term investments, $ 15386, $ 10110, $ 8261
• accounts receivable net, $ 1637, $ 1252, $ 895
• inventory, $ 346, $ 270, $ 165
• working capital, $ 12657, $ 8066, $ 6813
• annual operating cash flow, $ 5470, $ 2220, $ 2535
----------------------------------------
Additional Information: ['as of september 29 , 2007 , the company had $ 15.4 billion in cash , cash equivalents , and short-term investments , an increase of $ 5.3 billion over the same balance at the end of september 30 , 2006 .', 'the principal components of this net increase were cash generated by operating activities of $ 5.5 billion , proceeds from the issuance of common stock under stock plans of $ 365 million and excess tax benefits from stock-based compensation of $ 377 million .', 'these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 735 million and payments for acquisitions of intangible assets of $ 251 million .', 'the company 2019s short-term investment portfolio is primarily invested in highly rated , liquid investments .', 'as of september 29 , 2007 and september 30 , 2006 , $ 6.5 billion and $ 4.1 billion , respectively , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and are generally based in u.s .', 'dollar-denominated holdings .', 'the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months. .'] | 0.28148 | AAPL/2007/page_51.pdf-4 | ['no .', '159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date .', 'sfas no .', '159 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .', 'although the company will continue to evaluate the application of sfas no .', '159 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'in september 2006 , the fasb issued sfas no .', '157 , fair value measurements , which defines fair value , provides a framework for measuring fair value , and expands the disclosures required for fair value measurements .', 'sfas no .', '157 applies to other accounting pronouncements that require fair value measurements ; it does not require any new fair value measurements .', 'sfas no .', '157 is effective for fiscal years beginning after november 15 , 2007 and is required to be adopted by the company beginning in the first quarter of fiscal 2009 .', 'although the company will continue to evaluate the application of sfas no .', '157 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'in june 2006 , the fasb issued fasb interpretation no .', '( 2018 2018fin 2019 2019 ) 48 , accounting for uncertainty in income taxes-an interpretation of fasb statement no .', '109 .', 'fin 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize , measure , present , and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return .', 'fin 48 is effective for fiscal years beginning after december 15 , 2006 and is required to be adopted by the company beginning in the first quarter of fiscal 2008 .', 'although the company will continue to evaluate the application of fin 48 , management does not currently believe adoption will have a material impact on the company 2019s financial condition or operating results .', 'liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 29 , september 30 , september 24 , 2007 2006 2005 .'] | ['as of september 29 , 2007 , the company had $ 15.4 billion in cash , cash equivalents , and short-term investments , an increase of $ 5.3 billion over the same balance at the end of september 30 , 2006 .', 'the principal components of this net increase were cash generated by operating activities of $ 5.5 billion , proceeds from the issuance of common stock under stock plans of $ 365 million and excess tax benefits from stock-based compensation of $ 377 million .', 'these increases were partially offset by payments for acquisitions of property , plant , and equipment of $ 735 million and payments for acquisitions of intangible assets of $ 251 million .', 'the company 2019s short-term investment portfolio is primarily invested in highly rated , liquid investments .', 'as of september 29 , 2007 and september 30 , 2006 , $ 6.5 billion and $ 4.1 billion , respectively , of the company 2019s cash , cash equivalents , and short-term investments were held by foreign subsidiaries and are generally based in u.s .', 'dollar-denominated holdings .', 'the company believes its existing balances of cash , cash equivalents , and short-term investments will be sufficient to satisfy its working capital needs , capital expenditures , outstanding commitments , and other liquidity requirements associated with its existing operations over the next 12 months. .'] | ----------------------------------------
• , september 29 2007, september 30 2006, september 24 2005
• cash cash equivalents and short-term investments, $ 15386, $ 10110, $ 8261
• accounts receivable net, $ 1637, $ 1252, $ 895
• inventory, $ 346, $ 270, $ 165
• working capital, $ 12657, $ 8066, $ 6813
• annual operating cash flow, $ 5470, $ 2220, $ 2535
---------------------------------------- | subtract(346, 270), divide(#0, 270) | 0.28148 |
what was the percentage change in rental expense for operating leases from 2007 to 2008? | Context: ['note 9 .', '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 , 2009 are as follows ( in thousands ) : years ending december 31: .']
########
Tabular Data:
****************************************
2010 | $ 55178
----------|----------
2011 | 45275
2012 | 36841
2013 | 30789
2014 | 22094
thereafter | 59263
future minimum lease payments | $ 249440
****************************************
########
Additional Information: ['rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively .', 'we guarantee 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 guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million .', 'litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s .', 'infringed on ford design patents .', 'the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 .', 'pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent .', 'we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell .', 'the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income .', 'we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .', 'we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows .', 'note 10 .', 'business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired .', 'greenleaf is the entity through which ssi operated its late model automotive parts recycling business .', 'we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .'] | 0.84211 | LKQ/2009/page_77.pdf-1 | ['note 9 .', '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 , 2009 are as follows ( in thousands ) : years ending december 31: .'] | ['rental expense for operating leases was approximately $ 57.2 million , $ 49.0 million and $ 26.6 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively .', 'we guarantee 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 guarantees at december 31 , 2009 , the guaranteed residual value would have totaled approximately $ 27.8 million .', 'litigation and related contingencies in december 2005 and may 2008 , ford global technologies , llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s .', 'infringed on ford design patents .', 'the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011 .', 'pursuant to the settlement , we ( and our designees ) became the sole distributor in the united states of aftermarket automotive parts that correspond to ford collision parts that are covered by a united states design patent .', 'we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell .', 'the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income .', 'we also have certain other contingencies resulting from litigation , claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business .', 'we currently expect that the resolution of such contingencies will not materially affect our financial position , results of operations or cash flows .', 'note 10 .', 'business combinations on october 1 , 2009 , we acquired greenleaf auto recyclers , llc ( 201cgreenleaf 201d ) from ssi for $ 38.8 million , net of cash acquired .', 'greenleaf is the entity through which ssi operated its late model automotive parts recycling business .', 'we recorded a gain on bargain purchase for the greenleaf acquisition totaling $ 4.3 million , which is .'] | ****************************************
2010 | $ 55178
----------|----------
2011 | 45275
2012 | 36841
2013 | 30789
2014 | 22094
thereafter | 59263
future minimum lease payments | $ 249440
**************************************** | subtract(49.0, 26.6), divide(#0, 26.6) | 0.84211 |
what was the change in the prepaid pensions from 2014 to 2015 in millions | Background: ['notes to consolidated financial statements 1 .', 'basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s .', 'generally accepted accounting principles ( "u.s .', 'gaap" ) .', 'the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) .', 'all intercompany accounts and transactions have been eliminated .', "the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented .", "reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation .", 'in prior periods , long-term investments were included in investments in the consolidated statement of financial position .', 'these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements .', 'long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 .', 'in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position .', 'these amounts are now separately disclosed in the consolidated statement of financial position .', 'prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 .', 'upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee .', 'the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows .', 'the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities .', 'the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase .', 'it also aligns the company 2019s presentation to be consistent with industry practice .', 'amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 .', 'these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively .', 'changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities .', 'the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .']
Table:
----------------------------------------
years ended december 31, 2014 2013
purchases of shares from noncontrolling interests 3 -8 ( 8 )
dividends paid to noncontrolling interests -24 ( 24 ) -19 ( 19 )
proceeds from sale-leaseback 25 2014
----------------------------------------
Post-table: ['use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s .', 'gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses .', "these estimates and assumptions are based on management's best estimates and judgments .", 'management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment .', 'management believes its estimates to be reasonable given the current facts available .', 'aon adjusts such estimates and assumptions when facts and circumstances dictate .', 'illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions .', 'as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates .', 'changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .'] | 100.0 | AON/2015/page_62.pdf-2 | ['notes to consolidated financial statements 1 .', 'basis of presentation the accompanying consolidated financial statements and notes thereto have been prepared in accordance with u.s .', 'generally accepted accounting principles ( "u.s .', 'gaap" ) .', 'the consolidated financial statements include the accounts of aon plc and all of its controlled subsidiaries ( "aon" or the "company" ) .', 'all intercompany accounts and transactions have been eliminated .', "the consolidated financial statements include , in the opinion of management , all adjustments necessary to present fairly the company's consolidated financial position , results of operations and cash flows for all periods presented .", "reclassification certain amounts in prior years' consolidated financial statements and related notes have been reclassified to conform to the 2015 presentation .", 'in prior periods , long-term investments were included in investments in the consolidated statement of financial position .', 'these amounts are now included in other non-current assets in the consolidated statement of financial position , as shown in note 3 to these consolidated financial statements .', 'long-term investments were $ 135 million at december 31 , 2015 and $ 143 million at december 31 , 2014 .', 'in prior periods , prepaid pensions were included in other non-current assets in the consolidated statement of financial position .', 'these amounts are now separately disclosed in the consolidated statement of financial position .', 'prepaid pensions were $ 1033 million at december 31 , 2015 and $ 933 million at december 31 , 2014 .', 'upon vesting of certain share-based payment arrangements , employees may elect to use a portion of the shares to satisfy tax withholding requirements , in which case aon makes a payment to the taxing authority on the employee 2019s behalf and remits the remaining shares to the employee .', 'the company has historically presented amounts due to taxing authorities within cash flows from operating activities in the consolidated statements of cash flows .', 'the amounts are now included in 201cissuance of shares for employee benefit plans 201d within cash flows from financing activities .', 'the company believes this presentation provides greater clarity into the operating and financing activities of the company as the substance and accounting for these transactions is that of a share repurchase .', 'it also aligns the company 2019s presentation to be consistent with industry practice .', 'amounts reported in issuance of shares for employee benefit plans were $ 227 million , $ 170 million , and $ 120 million , respectively , for the years ended december 31 , 2015 , 2014 and 2013 .', 'these amounts , which were reclassified from accounts payable and accrued liabilities and other assets and liabilities , were $ 85 million and $ 85 million in 2014 , and $ 62 million and $ 58 million in 2013 , respectively .', 'changes to the presentation in the consolidated statements of cash flows for 2014 and 2013 were made related to certain line items within financing activities .', 'the following line items and respective amounts have been aggregated in a new line item titled 201cnoncontrolling interests and other financing activities 201d within financing activities. .'] | ['use of estimates the preparation of the accompanying consolidated financial statements in conformity with u.s .', 'gaap requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosures of contingent assets and liabilities at the date of the financial statements , and the reported amounts of reserves and expenses .', "these estimates and assumptions are based on management's best estimates and judgments .", 'management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors , including the current economic environment .', 'management believes its estimates to be reasonable given the current facts available .', 'aon adjusts such estimates and assumptions when facts and circumstances dictate .', 'illiquid credit markets , volatile equity markets , and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions .', 'as future events and their effects cannot be determined , among other factors , with precision , actual results could differ significantly from these estimates .', 'changes in estimates resulting from continuing changes in the economic environment would , if applicable , be reflected in the financial statements in future periods. .'] | ----------------------------------------
years ended december 31, 2014 2013
purchases of shares from noncontrolling interests 3 -8 ( 8 )
dividends paid to noncontrolling interests -24 ( 24 ) -19 ( 19 )
proceeds from sale-leaseback 25 2014
---------------------------------------- | subtract(1033, 933) | 100.0 |
by how much did the long-term debt and redeemable preferred stock at redemption value portion of the capital structure increase since 2016? | Background: ['allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .', 'subject to applicable regulations , we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion .', 'as of december 31 , 2018 , we have repurchased an aggregate of 4510000 shares of common stock under this program .', 'credit facilities and short-term debt we have an unsecured revolving credit facility of $ 2.25 billion that expires in june 2023 .', 'in march 2018 , awcc and its lenders amended and restated the credit agreement with respect to awcc 2019s revolving credit facility to increase the maximum commitments under the facility from $ 1.75 billion to $ 2.25 billion , and to extend the expiration date of the facility from june 2020 to march 2023 .', 'all other terms , conditions and covenants with respect to the existing facility remained unchanged .', 'subject to satisfying certain conditions , the credit agreement also permits awcc to increase the maximum commitment under the facility by up to an aggregate of $ 500 million , and to request extensions of its expiration date for up to two , one-year periods .', 'interest rates on advances under the facility are based on a credit spread to the libor rate or base rate in accordance with moody investors service 2019s and standard & poor 2019s financial services 2019 then applicable credit rating on awcc 2019s senior unsecured , non-credit enhanced debt .', 'the facility is used principally to support awcc 2019s commercial paper program and to provide up to $ 150 million in letters of credit .', 'indebtedness under the facility is considered 201cdebt 201d for purposes of a support agreement between the company and awcc , which serves as a functional equivalent of a guarantee by the company of awcc 2019s payment obligations under the credit facility .', 'awcc also has an outstanding commercial paper program that is backed by the revolving credit facility , the maximum aggregate outstanding amount of which was increased in march 2018 , from $ 1.60 billion to $ 2.10 billion .', 'the following table provides the aggregate credit facility commitments , letter of credit sub-limit under the revolving credit facility and commercial paper limit , as well as the available capacity for each as of december 31 , 2018 and 2017 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity commercial paper limit available commercial capacity ( in millions ) december 31 , 2018 .', '.', '.', '.', '.', '.', '.', '.', '$ 2262 $ 2177 $ 150 $ 69 $ 2100 $ 1146 december 31 , 2017 .', '.', '.', '.', '.', '.', '.', '.', '1762 1673 150 66 1600 695 the weighted average interest rate on awcc short-term borrowings for the years ended december 31 , 2018 and 2017 was approximately 2.28% ( 2.28 % ) and 1.24% ( 1.24 % ) , respectively .', 'capital structure the following table provides the percentage of our capitalization represented by the components of our capital structure as of december 31: .']
Data Table:
----------------------------------------
, 2018, 2017, 2016
total common shareholders' equity, 40.4% ( 40.4 % ), 41.0% ( 41.0 % ), 42.1% ( 42.1 % )
long-term debt and redeemable preferred stock at redemption value, 52.4% ( 52.4 % ), 49.6% ( 49.6 % ), 46.4% ( 46.4 % )
short-term debt and current portion of long-term debt, 7.2% ( 7.2 % ), 9.4% ( 9.4 % ), 11.5% ( 11.5 % )
total, 100% ( 100 % ), 100% ( 100 % ), 100% ( 100 % )
----------------------------------------
Follow-up: ['.'] | 0.06 | AWK/2018/page_103.pdf-1 | ['allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .', 'subject to applicable regulations , we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion .', 'as of december 31 , 2018 , we have repurchased an aggregate of 4510000 shares of common stock under this program .', 'credit facilities and short-term debt we have an unsecured revolving credit facility of $ 2.25 billion that expires in june 2023 .', 'in march 2018 , awcc and its lenders amended and restated the credit agreement with respect to awcc 2019s revolving credit facility to increase the maximum commitments under the facility from $ 1.75 billion to $ 2.25 billion , and to extend the expiration date of the facility from june 2020 to march 2023 .', 'all other terms , conditions and covenants with respect to the existing facility remained unchanged .', 'subject to satisfying certain conditions , the credit agreement also permits awcc to increase the maximum commitment under the facility by up to an aggregate of $ 500 million , and to request extensions of its expiration date for up to two , one-year periods .', 'interest rates on advances under the facility are based on a credit spread to the libor rate or base rate in accordance with moody investors service 2019s and standard & poor 2019s financial services 2019 then applicable credit rating on awcc 2019s senior unsecured , non-credit enhanced debt .', 'the facility is used principally to support awcc 2019s commercial paper program and to provide up to $ 150 million in letters of credit .', 'indebtedness under the facility is considered 201cdebt 201d for purposes of a support agreement between the company and awcc , which serves as a functional equivalent of a guarantee by the company of awcc 2019s payment obligations under the credit facility .', 'awcc also has an outstanding commercial paper program that is backed by the revolving credit facility , the maximum aggregate outstanding amount of which was increased in march 2018 , from $ 1.60 billion to $ 2.10 billion .', 'the following table provides the aggregate credit facility commitments , letter of credit sub-limit under the revolving credit facility and commercial paper limit , as well as the available capacity for each as of december 31 , 2018 and 2017 : credit facility commitment available credit facility capacity letter of credit sublimit available letter of credit capacity commercial paper limit available commercial capacity ( in millions ) december 31 , 2018 .', '.', '.', '.', '.', '.', '.', '.', '$ 2262 $ 2177 $ 150 $ 69 $ 2100 $ 1146 december 31 , 2017 .', '.', '.', '.', '.', '.', '.', '.', '1762 1673 150 66 1600 695 the weighted average interest rate on awcc short-term borrowings for the years ended december 31 , 2018 and 2017 was approximately 2.28% ( 2.28 % ) and 1.24% ( 1.24 % ) , respectively .', 'capital structure the following table provides the percentage of our capitalization represented by the components of our capital structure as of december 31: .'] | ['.'] | ----------------------------------------
, 2018, 2017, 2016
total common shareholders' equity, 40.4% ( 40.4 % ), 41.0% ( 41.0 % ), 42.1% ( 42.1 % )
long-term debt and redeemable preferred stock at redemption value, 52.4% ( 52.4 % ), 49.6% ( 49.6 % ), 46.4% ( 46.4 % )
short-term debt and current portion of long-term debt, 7.2% ( 7.2 % ), 9.4% ( 9.4 % ), 11.5% ( 11.5 % )
total, 100% ( 100 % ), 100% ( 100 % ), 100% ( 100 % )
---------------------------------------- | subtract(52.4%, 46.4%) | 0.06 |
what was the combined amount of allowance for funds used in and funds borrowed in construction in 2016 | Background: ['income taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s .', 'tax purposes .', 'members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns .', 'certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes .', 'the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements .', 'these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse .', 'in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse .', 'investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .', 'the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .', 'see note 13 2014income taxes .', 'allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction .', 'the regulated utility subsidiaries record afudc to the extent permitted by the pucs .', 'the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations .', 'any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations .', 'afudc is summarized in the following table for the years ended december 31: .']
Tabular Data:
----------------------------------------
| 2017 | 2016 | 2015
----------|----------|----------|----------
allowance for other funds used during construction | $ 19 | $ 15 | $ 13
allowance for borrowed funds used during construction | 8 | 6 | 8
----------------------------------------
Additional Information: ['environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s .', 'federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .', 'environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .', 'remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .', 'a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california .', 'the company agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .', 'remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively .', 'derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .', 'these derivative contracts are entered into for periods consistent with the related underlying .'] | 21.0 | AWK/2017/page_128.pdf-1 | ['income taxes american water and its subsidiaries participate in a consolidated federal income tax return for u.s .', 'tax purposes .', 'members of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns .', 'certain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes .', 'the company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements .', 'these deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse .', 'in addition , the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences , previously flowed through to customers , reverse .', 'investment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets .', 'the company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis .', 'see note 13 2014income taxes .', 'allowance for funds used during construction afudc is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction .', 'the regulated utility subsidiaries record afudc to the extent permitted by the pucs .', 'the portion of afudc attributable to borrowed funds is shown as a reduction of interest , net in the accompanying consolidated statements of operations .', 'any portion of afudc attributable to equity funds would be included in other income ( expenses ) in the accompanying consolidated statements of operations .', 'afudc is summarized in the following table for the years ended december 31: .'] | ['environmental costs the company 2019s water and wastewater operations and the operations of its market-based businesses are subject to u.s .', 'federal , state , local and foreign requirements relating to environmental protection , and as such , the company periodically becomes subject to environmental claims in the normal course of business .', 'environmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate .', 'remediation costs that relate to an existing condition caused by past operations are accrued , on an undiscounted basis , when it is probable that these costs will be incurred and can be reasonably estimated .', 'a conservation agreement entered into by a subsidiary of the company with the national oceanic and atmospheric administration in 2010 and amended in 2017 required the company to , among other provisions , implement certain measures to protect the steelhead trout and its habitat in the carmel river watershed in the state of california .', 'the company agreed to pay $ 1 million annually commencing in 2010 with the final payment being made in 2021 .', 'remediation costs accrued amounted to $ 6 million and less than $ 1 million as of december 31 , 2017 and 2016 , respectively .', 'derivative financial instruments the company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates .', 'these derivative contracts are entered into for periods consistent with the related underlying .'] | ----------------------------------------
| 2017 | 2016 | 2015
----------|----------|----------|----------
allowance for other funds used during construction | $ 19 | $ 15 | $ 13
allowance for borrowed funds used during construction | 8 | 6 | 8
---------------------------------------- | add(15, const_6) | 21.0 |
in 2002 what was the ratio of the annual cash sinking fund requirements for debt outstanding that was due in 2004 to 2005 | Pre-text: ['entergy corporation notes to consolidated financial statements ( d ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on october 1 , 2003 and will then be remarketed .', '( e ) on june 1 , 2002 , entergy louisiana remarketed $ 55 million st .', 'charles parish pollution control revenue refunding bonds due 2030 , resetting the interest rate to 4.9% ( 4.9 % ) through may 2005 .', '( f ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on june 1 , 2005 and will then be remarketed .', '( g ) the fair value excludes lease obligations , long-term doe obligations , and other long-term debt and includes debt due within one year .', 'it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms .', 'the annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding as of december 31 , 2002 , for the next five years are as follows ( in thousands ) : .']
Data Table:
****************************************
Row 1: 2003, $ 1150786
Row 2: 2004, $ 925005
Row 3: 2005, $ 540372
Row 4: 2006, $ 139952
Row 5: 2007, $ 475288
****************************************
Follow-up: ['not included are other sinking fund requirements of approximately $ 30.2 million annually , which may be satisfied by cash or by certification of property additions at the rate of 167% ( 167 % ) of such requirements .', 'in december 2002 , when the damhead creek project was sold , the buyer of the project assumed all obligations under the damhead creek credit facilities and the damhead creek interest rate swap agreements .', "in november 2000 , entergy's 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 resulted in entergy's non-utility nuclear business 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 .', 'covenants in the entergy corporation 7.75% ( 7.75 % ) notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .', "if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other credit facilities or are in bankruptcy or insolvency proceedings , an acceleration of the facility's maturity may occur .", 'in january 2003 , entergy paid in full , at maturity , the outstanding debt relating to the top of iowa wind project .', "capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : fffd maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short-term debt ) ; fffd permit the continued commercial operation of grand gulf 1 ; fffd pay in full all system energy indebtedness for borrowed money when due ; and fffd enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt. ."] | 1.71179 | ETR/2002/page_86.pdf-2 | ['entergy corporation notes to consolidated financial statements ( d ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on october 1 , 2003 and will then be remarketed .', '( e ) on june 1 , 2002 , entergy louisiana remarketed $ 55 million st .', 'charles parish pollution control revenue refunding bonds due 2030 , resetting the interest rate to 4.9% ( 4.9 % ) through may 2005 .', '( f ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on june 1 , 2005 and will then be remarketed .', '( g ) the fair value excludes lease obligations , long-term doe obligations , and other long-term debt and includes debt due within one year .', 'it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms .', 'the annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding as of december 31 , 2002 , for the next five years are as follows ( in thousands ) : .'] | ['not included are other sinking fund requirements of approximately $ 30.2 million annually , which may be satisfied by cash or by certification of property additions at the rate of 167% ( 167 % ) of such requirements .', 'in december 2002 , when the damhead creek project was sold , the buyer of the project assumed all obligations under the damhead creek credit facilities and the damhead creek interest rate swap agreements .', "in november 2000 , entergy's 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 resulted in entergy's non-utility nuclear business 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 .', 'covenants in the entergy corporation 7.75% ( 7.75 % ) notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .', "if entergy's debt ratio exceeds this limit , or if entergy or certain of the domestic utility companies default on other credit facilities or are in bankruptcy or insolvency proceedings , an acceleration of the facility's maturity may occur .", 'in january 2003 , entergy paid in full , at maturity , the outstanding debt relating to the top of iowa wind project .', "capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : fffd maintain system energy's equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short-term debt ) ; fffd permit the continued commercial operation of grand gulf 1 ; fffd pay in full all system energy indebtedness for borrowed money when due ; and fffd enable system energy to make payments on specific system energy debt , under supplements to the agreement assigning system energy's rights in the agreement as security for the specific debt. ."] | ****************************************
Row 1: 2003, $ 1150786
Row 2: 2004, $ 925005
Row 3: 2005, $ 540372
Row 4: 2006, $ 139952
Row 5: 2007, $ 475288
**************************************** | divide(925005, 540372) | 1.71179 |
what was the percentage change in booking holdings inc . for the five years ended 2017? | Pre-text: ['measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .']
Tabular Data:
Row 1: measurement pointdecember 31, booking holdings inc ., nasdaqcomposite index, s&p 500index, rdg internetcomposite
Row 2: 2012, 100.00, 100.00, 100.00, 100.00
Row 3: 2013, 187.37, 141.63, 132.39, 163.02
Row 4: 2014, 183.79, 162.09, 150.51, 158.81
Row 5: 2015, 205.51, 173.33, 152.59, 224.05
Row 6: 2016, 236.31, 187.19, 170.84, 235.33
Row 7: 2017, 280.10, 242.29, 208.14, 338.52
Follow-up: ['sales of unregistered securities between october 1 , 2017 and december 31 , 2017 , we issued 103343 shares of our common stock in connection with the conversion of $ 196.1 million principal amount of our 1.0% ( 1.0 % ) convertible senior notes due 2018 .', 'the conversions were effected in accordance with the indenture , which provides that the principal amount of converted notes be paid in cash and the conversion premium be paid in cash and/or shares of common stock at our election .', 'in each case , we chose to pay the conversion premium in shares of common stock ( fractional shares are paid in cash ) .', 'the issuances of the shares were not registered under the securities act of 1933 , as amended ( the "act" ) pursuant to section 3 ( a ) ( 9 ) of the act. .'] | 1.801 | BKNG/2017/page_35.pdf-1 | ['measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .'] | ['sales of unregistered securities between october 1 , 2017 and december 31 , 2017 , we issued 103343 shares of our common stock in connection with the conversion of $ 196.1 million principal amount of our 1.0% ( 1.0 % ) convertible senior notes due 2018 .', 'the conversions were effected in accordance with the indenture , which provides that the principal amount of converted notes be paid in cash and the conversion premium be paid in cash and/or shares of common stock at our election .', 'in each case , we chose to pay the conversion premium in shares of common stock ( fractional shares are paid in cash ) .', 'the issuances of the shares were not registered under the securities act of 1933 , as amended ( the "act" ) pursuant to section 3 ( a ) ( 9 ) of the act. .'] | Row 1: measurement pointdecember 31, booking holdings inc ., nasdaqcomposite index, s&p 500index, rdg internetcomposite
Row 2: 2012, 100.00, 100.00, 100.00, 100.00
Row 3: 2013, 187.37, 141.63, 132.39, 163.02
Row 4: 2014, 183.79, 162.09, 150.51, 158.81
Row 5: 2015, 205.51, 173.33, 152.59, 224.05
Row 6: 2016, 236.31, 187.19, 170.84, 235.33
Row 7: 2017, 280.10, 242.29, 208.14, 338.52 | subtract(280.10, const_100), divide(#0, const_100) | 1.801 |
what was the percent of the total future minimum rental receipts expected from customers under non-cancelable that was due in 2008 | Context: ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) future minimum rental receipts expected from customers under non-cancelable operating lease agreements in effect at december 31 , 2006 are as follows ( in thousands ) : year ending december 31 .']
Data Table:
2007 | $ 1131677
2008 | 1127051
2009 | 1091778
2010 | 959828
2011 | 769028
thereafter | 2305040
total | $ 7384402
Additional Information: ['legal and governmental proceedings related to review of stock option granting practices and related accounting 2014on may 18 , 2006 , the company received a letter of informal inquiry from the sec division of enforcement requesting documents related to company stock option grants and stock option practices .', 'the inquiry is focused on stock options granted to senior management and members of the company 2019s board of directors during the period 1997 to the present .', 'the company continues to cooperate with the sec to provide the requested information and documents .', 'on may 19 , 2006 , the company received a subpoena from the united states attorney 2019s office for the eastern district of new york for records and information relating to its stock option granting practices .', 'the subpoena requests materials related to certain stock options granted between 1995 and the present .', 'the company continues to cooperate with the u.s .', 'attorney 2019s office to provide the requested information and documents .', 'on may 26 , 2006 , a securities class action was filed in united states district court for the district of massachusetts against the company and certain of its current officers by john s .', 'greenebaum for monetary relief .', 'specifically , the complaint names the company , james d .', 'taiclet , jr .', 'and bradley e .', 'singer as defendants and alleges that the defendants violated federal securities laws in connection with public statements made relating to the company 2019s stock option practices and related accounting .', 'the complaint asserts claims under sections 10 ( b ) and 20 ( a ) of the securities exchange act of 1934 , as amended ( exchange act ) and sec rule 10b-5 .', 'in december 2006 , the court appointed the steamship trade association-international longshoreman 2019s association pension fund as the lead plaintiff .', 'on may 24 , 2006 and june 14 , 2006 , two shareholder derivative lawsuits were filed in suffolk county superior court in massachusetts by eric johnston and robert l .', 'garber , respectively .', 'the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties and unjust enrichment in connection with the company 2019s stock option granting practices .', 'the lawsuits also name the company as a nominal defendant .', 'the lawsuits seek to recover the damages sustained by the company and disgorgement of all profits received with respect to the alleged backdated stock options .', 'in october 2006 , these two lawsuits were consolidated and transferred to the court 2019s business litigation session .', 'on june 13 , 2006 , june 22 , 2006 and august 23 , 2006 , three shareholder derivative lawsuits were filed in united states district court for the district of massachusetts by new south wales treasury corporation , as trustee for the alpha international managers trust , frank c .', 'kalil and don holland , and leslie cramer , respectively .', 'the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties , waste of corporate assets , gross mismanagement and unjust enrichment in connection with the company 2019s stock option granting practices .', 'the lawsuits also name the company as a nominal defendant .', 'in december 2006 , the court consolidated these three lawsuits and appointed new south wales treasury corporation as the lead plaintiff .', 'on february 9 , 2007 , the plaintiffs filed a consolidated .'] | 0.15263 | AMT/2006/page_107.pdf-1 | ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) future minimum rental receipts expected from customers under non-cancelable operating lease agreements in effect at december 31 , 2006 are as follows ( in thousands ) : year ending december 31 .'] | ['legal and governmental proceedings related to review of stock option granting practices and related accounting 2014on may 18 , 2006 , the company received a letter of informal inquiry from the sec division of enforcement requesting documents related to company stock option grants and stock option practices .', 'the inquiry is focused on stock options granted to senior management and members of the company 2019s board of directors during the period 1997 to the present .', 'the company continues to cooperate with the sec to provide the requested information and documents .', 'on may 19 , 2006 , the company received a subpoena from the united states attorney 2019s office for the eastern district of new york for records and information relating to its stock option granting practices .', 'the subpoena requests materials related to certain stock options granted between 1995 and the present .', 'the company continues to cooperate with the u.s .', 'attorney 2019s office to provide the requested information and documents .', 'on may 26 , 2006 , a securities class action was filed in united states district court for the district of massachusetts against the company and certain of its current officers by john s .', 'greenebaum for monetary relief .', 'specifically , the complaint names the company , james d .', 'taiclet , jr .', 'and bradley e .', 'singer as defendants and alleges that the defendants violated federal securities laws in connection with public statements made relating to the company 2019s stock option practices and related accounting .', 'the complaint asserts claims under sections 10 ( b ) and 20 ( a ) of the securities exchange act of 1934 , as amended ( exchange act ) and sec rule 10b-5 .', 'in december 2006 , the court appointed the steamship trade association-international longshoreman 2019s association pension fund as the lead plaintiff .', 'on may 24 , 2006 and june 14 , 2006 , two shareholder derivative lawsuits were filed in suffolk county superior court in massachusetts by eric johnston and robert l .', 'garber , respectively .', 'the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties and unjust enrichment in connection with the company 2019s stock option granting practices .', 'the lawsuits also name the company as a nominal defendant .', 'the lawsuits seek to recover the damages sustained by the company and disgorgement of all profits received with respect to the alleged backdated stock options .', 'in october 2006 , these two lawsuits were consolidated and transferred to the court 2019s business litigation session .', 'on june 13 , 2006 , june 22 , 2006 and august 23 , 2006 , three shareholder derivative lawsuits were filed in united states district court for the district of massachusetts by new south wales treasury corporation , as trustee for the alpha international managers trust , frank c .', 'kalil and don holland , and leslie cramer , respectively .', 'the lawsuits were filed against certain of the company 2019s current and former officers and directors for alleged breaches of fiduciary duties , waste of corporate assets , gross mismanagement and unjust enrichment in connection with the company 2019s stock option granting practices .', 'the lawsuits also name the company as a nominal defendant .', 'in december 2006 , the court consolidated these three lawsuits and appointed new south wales treasury corporation as the lead plaintiff .', 'on february 9 , 2007 , the plaintiffs filed a consolidated .'] | 2007 | $ 1131677
2008 | 1127051
2009 | 1091778
2010 | 959828
2011 | 769028
thereafter | 2305040
total | $ 7384402 | divide(1127051, 7384402) | 0.15263 |
what was the change in other income from 2011 to 2012 in millions? | Pre-text: ['maintenance and contract expenses incurred by our subsidiaries for external transportation services ) ; materials used to maintain the railroad 2019s lines , structures , and equipment ; costs of operating facilities jointly used by uprr and other railroads ; transportation and lodging for train crew employees ; trucking and contracting costs for intermodal containers ; leased automobile maintenance expenses ; and tools and supplies .', 'expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars .', 'expenses for contract services increased $ 106 million in 2011 versus 2010 , driven by volume-related external transportation services incurred by our subsidiaries , and various other types of contractual services , including flood-related repairs , mitigation and improvements .', 'volume-related crew transportation and lodging costs , as well as expenses associated with jointly owned operating facilities , also increased costs compared to 2010 .', 'in addition , an increase in locomotive maintenance materials used to prepare a portion of our locomotive fleet for return to active service due to increased volume and additional capacity for weather related issues and warranty expirations increased expenses in 2011 .', 'depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material .', 'a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 .', 'a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2011 compared to 2010 .', 'higher depreciation rates for rail and other track material also contributed to the increase .', 'the higher rates , which became effective january 1 , 2011 , resulted primarily from increased track usage ( based on higher gross ton-miles in 2010 ) .', 'equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses .', 'increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 .', 'conversely , lower locomotive lease expense partially offset the higher freight car rental expense .', 'costs increased in 2011 versus 2010 as higher short-term freight car rental expense and container lease expense offset lower freight car and locomotive lease expense .', 'other 2013 other expenses include personal injury , freight and property damage , destruction of equipment , insurance , environmental , bad debt , state and local taxes , utilities , telephone and cellular , employee travel , computer software , and other general expenses .', 'other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes .', 'despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 .', 'higher property taxes , casualty costs associated with destroyed equipment , damaged freight and property and environmental costs increased other costs in 2011 compared to 2010 .', 'a one-time payment of $ 45 million in the first quarter of 2010 related to a transaction with csxi and continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs .', 'non-operating items millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .']
Table:
========================================
millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010
other income $ 108 $ 112 $ 54 ( 4 ) % ( % ) 107% ( 107 % )
interest expense -535 ( 535 ) -572 ( 572 ) -602 ( 602 ) -6 ( 6 ) -5 ( 5 )
income taxes -2375 ( 2375 ) -1972 ( 1972 ) -1653 ( 1653 ) 20% ( 20 % ) 19% ( 19 % )
========================================
Additional Information: ['other income 2013 other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by an interest payment from a tax refund. .'] | -4.0 | UNP/2012/page_30.pdf-3 | ['maintenance and contract expenses incurred by our subsidiaries for external transportation services ) ; materials used to maintain the railroad 2019s lines , structures , and equipment ; costs of operating facilities jointly used by uprr and other railroads ; transportation and lodging for train crew employees ; trucking and contracting costs for intermodal containers ; leased automobile maintenance expenses ; and tools and supplies .', 'expenses for contract services increased $ 103 million in 2012 versus 2011 , primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars .', 'expenses for contract services increased $ 106 million in 2011 versus 2010 , driven by volume-related external transportation services incurred by our subsidiaries , and various other types of contractual services , including flood-related repairs , mitigation and improvements .', 'volume-related crew transportation and lodging costs , as well as expenses associated with jointly owned operating facilities , also increased costs compared to 2010 .', 'in addition , an increase in locomotive maintenance materials used to prepare a portion of our locomotive fleet for return to active service due to increased volume and additional capacity for weather related issues and warranty expirations increased expenses in 2011 .', 'depreciation 2013 the majority of depreciation relates to road property , including rail , ties , ballast , and other track material .', 'a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2012 compared to 2011 .', 'a higher depreciable asset base , reflecting ongoing capital spending , increased depreciation expense in 2011 compared to 2010 .', 'higher depreciation rates for rail and other track material also contributed to the increase .', 'the higher rates , which became effective january 1 , 2011 , resulted primarily from increased track usage ( based on higher gross ton-miles in 2010 ) .', 'equipment and other rents 2013 equipment and other rents expense primarily includes rental expense that the railroad pays for freight cars owned by other railroads or private companies ; freight car , intermodal , and locomotive leases ; and office and other rent expenses .', 'increased automotive and intermodal shipments , partially offset by improved car-cycle times , drove an increase in our short-term freight car rental expense in 2012 .', 'conversely , lower locomotive lease expense partially offset the higher freight car rental expense .', 'costs increased in 2011 versus 2010 as higher short-term freight car rental expense and container lease expense offset lower freight car and locomotive lease expense .', 'other 2013 other expenses include personal injury , freight and property damage , destruction of equipment , insurance , environmental , bad debt , state and local taxes , utilities , telephone and cellular , employee travel , computer software , and other general expenses .', 'other costs in 2012 were slightly higher than 2011 primarily due to higher property taxes .', 'despite continual improvement in our safety experience and lower estimated annual costs , personal injury expense increased in 2012 compared to 2011 , as the liability reduction resulting from historical claim experience was less than the reduction in 2011 .', 'higher property taxes , casualty costs associated with destroyed equipment , damaged freight and property and environmental costs increased other costs in 2011 compared to 2010 .', 'a one-time payment of $ 45 million in the first quarter of 2010 related to a transaction with csxi and continued improvement in our safety performance and lower estimated liability for personal injury , which reduced our personal injury expense year-over-year , partially offset increases in other costs .', 'non-operating items millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010 .'] | ['other income 2013 other income decreased in 2012 versus 2011 due to lower gains from real estate sales and higher environmental costs associated with non-operating properties , partially offset by an interest payment from a tax refund. .'] | ========================================
millions 2012 2011 2010 % ( % ) change 2012 v 2011 % ( % ) change 2011 v 2010
other income $ 108 $ 112 $ 54 ( 4 ) % ( % ) 107% ( 107 % )
interest expense -535 ( 535 ) -572 ( 572 ) -602 ( 602 ) -6 ( 6 ) -5 ( 5 )
income taxes -2375 ( 2375 ) -1972 ( 1972 ) -1653 ( 1653 ) 20% ( 20 % ) 19% ( 19 % )
======================================== | subtract(108, 112) | -4.0 |
what percentage of total number of shares purchased were purchased in october ? | Pre-text: ['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 , 2006 and that all dividends were reinvested .', 'purchases of equity securities 2013 during 2011 , we repurchased 15340810 shares of our common stock at an average price of $ 96.08 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2011 : 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] .']
----
Tabular Data:
========================================
• period, total number ofsharespurchased [a], averageprice paidper share, total number of sharespurchased as part ofapublicly announced planor program [b], maximum number ofshares that may yetbe purchased under the planor program [b]
• oct . 1 through oct . 31, 379488, 87.46, 371639, 31370427
• nov . 1 through nov . 30, 1748964, 98.41, 1733877, 29636550
• dec . 1 through dec . 31, 1787343, 100.26, 1780142, 27856408
• total, 3915795, $ 98.19, 3885658, n/a
========================================
----
Follow-up: ['[a] total number of shares purchased during the quarter includes approximately 30137 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. .'] | 0.09691 | UNP/2011/page_21.pdf-3 | ['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 , 2006 and that all dividends were reinvested .', 'purchases of equity securities 2013 during 2011 , we repurchased 15340810 shares of our common stock at an average price of $ 96.08 .', 'the following table presents common stock repurchases during each month for the fourth quarter of 2011 : 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 30137 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 ofapublicly announced planor program [b], maximum number ofshares that may yetbe purchased under the planor program [b]
• oct . 1 through oct . 31, 379488, 87.46, 371639, 31370427
• nov . 1 through nov . 30, 1748964, 98.41, 1733877, 29636550
• dec . 1 through dec . 31, 1787343, 100.26, 1780142, 27856408
• total, 3915795, $ 98.19, 3885658, n/a
======================================== | divide(379488, 3915795) | 0.09691 |
in 2008 what was the ratio of the citigroup parent company to the other citigroup subsidiaries long-term debt | Background: ['sources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds .', 'citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise .', 'funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion .', 'these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s .', 'this diversification provides the company with an important , stable and low-cost source of funding .', 'a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core .', 'there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits .', 'the first step in this process is a qualitative assessment of the deposits .', 'for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core .', 'deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis .', 'excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable .', 'on a volume basis , deposit increases were noted in transaction services , u.s .', 'retail banking and smith barney .', 'this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank .', 'citigroup and its subsidiaries have historically had a significant presence in the global capital markets .', 'the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc .', '( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup .', 'other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries .', 'each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates .', 'particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets .', 'citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency .', 'decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments .', 'citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts .', 'citigroup may also provide other types of support to the trusts .', 'as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) .', 'this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity .', 'banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries .', 'the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations .', 'state-chartered depository institutions are subject to dividend limitations imposed by applicable state law .', 'in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings .', 'non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries .', 'these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends .', 'however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries .', 'cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions .', 'cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries .', 'some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a .', 'borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act .', 'there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them .', 'in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral .', 'see note 20 to the consolidated financial statements on page 169 .', 'at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc .', '( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) .']
######
Table:
****************************************
in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc. ( 2 ) other citigroup subsidiaries
long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 -1 ( 1 )
commercial paper $ 2014 $ 2014 $ 28.6 $ 0.5
****************************************
######
Additional Information: ['( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank .', '( 2 ) citigroup inc .', 'guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. .'] | 1.75938 | C/2008/page_105.pdf-2 | ['sources of liquidity primary sources of liquidity for citigroup and its principal subsidiaries include : 2022 deposits ; 2022 collateralized financing transactions ; 2022 senior and subordinated debt ; 2022 commercial paper ; 2022 trust preferred and preferred securities ; and 2022 purchased/wholesale funds .', 'citigroup 2019s funding sources are diversified across funding types and geography , a benefit of its global franchise .', 'funding for citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $ 774.2 billion .', 'these deposits are diversified across products and regions , with approximately two-thirds of them outside of the u.s .', 'this diversification provides the company with an important , stable and low-cost source of funding .', 'a significant portion of these deposits has been , and is expected to be , long-term and stable , and are considered to be core .', 'there are qualitative as well as quantitative assessments that determine the company 2019s calculation of core deposits .', 'the first step in this process is a qualitative assessment of the deposits .', 'for example , as a result of the company 2019s qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core .', 'deposits that qualify under the company 2019s qualitative assessments are then subjected to quantitative analysis .', 'excluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in germany during the year ending december 31 , 2008 , the company 2019s deposit base remained stable .', 'on a volume basis , deposit increases were noted in transaction services , u.s .', 'retail banking and smith barney .', 'this was partially offset by the company 2019s decision to reduce deposits considered wholesale funding , consistent with the company 2019s de-leveraging efforts , and declines in international consumer banking and the private bank .', 'citigroup and its subsidiaries have historically had a significant presence in the global capital markets .', 'the company 2019s capital markets funding activities have been primarily undertaken by two legal entities : ( i ) citigroup inc. , which issues long-term debt , medium-term notes , trust preferred securities , and preferred and common stock ; and ( ii ) citigroup funding inc .', '( cfi ) , a first-tier subsidiary of citigroup , which issues commercial paper , medium-term notes and structured equity-linked and credit-linked notes , all of which are guaranteed by citigroup .', 'other significant elements of long- term debt on the consolidated balance sheet include collateralized advances from the federal home loan bank system , long-term debt related to the consolidation of icg 2019s structured investment vehicles , asset-backed outstandings , and certain borrowings of foreign subsidiaries .', 'each of citigroup 2019s major operating subsidiaries finances its operations on a basis consistent with its capitalization , regulatory structure and the environment in which it operates .', 'particular attention is paid to those businesses that for tax , sovereign risk , or regulatory reasons cannot be freely and readily funded in the international markets .', 'citigroup 2019s borrowings have historically been diversified by geography , investor , instrument and currency .', 'decisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments .', 'citigroup is a provider of liquidity facilities to the commercial paper programs of the two primary credit card securitization trusts with which it transacts .', 'citigroup may also provide other types of support to the trusts .', 'as a result of the recent economic downturn , its impact on the cashflows of the trusts , and in response to credit rating agency reviews of the trusts , the company increased the credit enhancement in the omni trust , and plans to provide additional enhancement to the master trust ( see note 23 to consolidated financial statements on page 175 for a further discussion ) .', 'this support preserves investor sponsorship of our card securitization franchise , an important source of liquidity .', 'banking subsidiaries there are various legal limitations on the ability of citigroup 2019s subsidiary depository institutions to extend credit , pay dividends or otherwise supply funds to citigroup and its non-bank subsidiaries .', 'the approval of the office of the comptroller of the currency , in the case of national banks , or the office of thrift supervision , in the case of federal savings banks , is required if total dividends declared in any calendar year exceed amounts specified by the applicable agency 2019s regulations .', 'state-chartered depository institutions are subject to dividend limitations imposed by applicable state law .', 'in determining the declaration of dividends , each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements , as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings .', 'non-banking subsidiaries citigroup also receives dividends from its non-bank subsidiaries .', 'these non-bank subsidiaries are generally not subject to regulatory restrictions on dividends .', 'however , as discussed in 201ccapital resources and liquidity 201d on page 94 , the ability of cgmhi to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries .', 'cgmhi 2019s consolidated balance sheet is liquid , with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions .', 'cgmhi monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries .', 'some of citigroup 2019s non-bank subsidiaries , including cgmhi , have credit facilities with citigroup 2019s subsidiary depository institutions , including citibank , n.a .', 'borrowings under these facilities must be secured in accordance with section 23a of the federal reserve act .', 'there are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from citigroup 2019s subsidiary depository institutions or engage in certain other transactions with them .', 'in general , these restrictions require that transactions be on arm 2019s length terms and be secured by designated amounts of specified collateral .', 'see note 20 to the consolidated financial statements on page 169 .', 'at december 31 , 2008 , long-term debt and commercial paper outstanding for citigroup , cgmhi , cfi and citigroup 2019s subsidiaries were as follows : in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc .', '( 2 ) citigroup subsidiaries long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 ( 1 ) .'] | ['( 1 ) at december 31 , 2008 , approximately $ 67.4 billion relates to collateralized advances from the federal home loan bank .', '( 2 ) citigroup inc .', 'guarantees all of cfi 2019s debt and cgmhi 2019s publicly issued securities. .'] | ****************************************
in billions of dollars citigroup parent company cgmhi ( 2 ) citigroup funding inc. ( 2 ) other citigroup subsidiaries
long-term debt $ 192.3 $ 20.6 $ 37.4 $ 109.3 -1 ( 1 )
commercial paper $ 2014 $ 2014 $ 28.6 $ 0.5
**************************************** | divide(192.3, 109.3) | 1.75938 |
as of december 2013 what was the value of the equity compensation plans approved by security holders to be issued upon exercise of outstanding options warrants and rights | Context: ['item 11 .', 'executive compensation information with respect to executive compensation required by this item 11 will be included in pca 2019s proxy statement under the captions 201ccompensation discussion and analysis , 201d 201cexecutive officer and director compensation 201d ( including all subcaptions and tables thereunder ) and 201cboard committees 2014 compensation committee 201d and is incorporated herein by reference .', 'item 12 .', 'security ownership of certain beneficial owners and management and related stockholder matters information with respect to security ownership of certain beneficial owners and management required by this item 12 will be included in pca 2019s proxy statement under the caption 201cownership of our stock 201d and is incorporated herein by reference .', 'authorization of securities under equity compensation plans 2014 securities authorized for issuance under our equity compensation plans at december 31 , 2013 are as follows: .']
Table:
----------------------------------------
plan category column a number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) column b weighted average exercise price ofoutstanding options warrants and rights column c number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a )
equity compensation plans approved by securityholders 151945 $ 24.61 2140954
equity compensation plans not approved by securityholders n/a n/a n/a
total 151945 $ 24.61 2140954
----------------------------------------
Additional Information: ['( a ) does not include 1534294 shares of unvested restricted stock and performance units granted pursuant to our amended and restated 1999 long-term equity incentive plan .', 'item 13 .', 'certain relationships and related transactions , and director independence information with respect to certain relationships and related transactions and director independence required by this item 13 will be included in pca 2019s proxy statement under the captions 201ctransactions with related persons 201d and 201celection of directors 2014 determination of director independence , 201d respectively , and is incorporated herein by reference .', 'item 14 .', 'principal accounting fees and services information with respect to fees and services of the principal accountant required by this item 14 will be included in pca 2019s proxy statement under the caption 201cratification of appointment of the independent registered public accounting firm 201d under the subcaptions 201c 2014 fees to the independent registered public accounting firm 201d and 201c 2014 audit committee preapproval policy for audit and non-audit fees 201d and are incorporated herein by reference. .'] | 3739366.45 | PKG/2013/page_88.pdf-2 | ['item 11 .', 'executive compensation information with respect to executive compensation required by this item 11 will be included in pca 2019s proxy statement under the captions 201ccompensation discussion and analysis , 201d 201cexecutive officer and director compensation 201d ( including all subcaptions and tables thereunder ) and 201cboard committees 2014 compensation committee 201d and is incorporated herein by reference .', 'item 12 .', 'security ownership of certain beneficial owners and management and related stockholder matters information with respect to security ownership of certain beneficial owners and management required by this item 12 will be included in pca 2019s proxy statement under the caption 201cownership of our stock 201d and is incorporated herein by reference .', 'authorization of securities under equity compensation plans 2014 securities authorized for issuance under our equity compensation plans at december 31 , 2013 are as follows: .'] | ['( a ) does not include 1534294 shares of unvested restricted stock and performance units granted pursuant to our amended and restated 1999 long-term equity incentive plan .', 'item 13 .', 'certain relationships and related transactions , and director independence information with respect to certain relationships and related transactions and director independence required by this item 13 will be included in pca 2019s proxy statement under the captions 201ctransactions with related persons 201d and 201celection of directors 2014 determination of director independence , 201d respectively , and is incorporated herein by reference .', 'item 14 .', 'principal accounting fees and services information with respect to fees and services of the principal accountant required by this item 14 will be included in pca 2019s proxy statement under the caption 201cratification of appointment of the independent registered public accounting firm 201d under the subcaptions 201c 2014 fees to the independent registered public accounting firm 201d and 201c 2014 audit committee preapproval policy for audit and non-audit fees 201d and are incorporated herein by reference. .'] | ----------------------------------------
plan category column a number of securities to be issued upon exercise of outstanding options warrants and rights ( a ) column b weighted average exercise price ofoutstanding options warrants and rights column c number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column a )
equity compensation plans approved by securityholders 151945 $ 24.61 2140954
equity compensation plans not approved by securityholders n/a n/a n/a
total 151945 $ 24.61 2140954
---------------------------------------- | multiply(151945, 24.61) | 3739366.45 |
what was the change in fair value of retained interests in billions as of december 2018 and december 2017? | Pre-text: ['the goldman sachs group , inc .', 'and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests .', '2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 .', '2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 .', 'in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies .', 'the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 .', 'the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 .', 'the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. .']
####
Table:
****************************************
$ in millions, as of december 2018, as of december 2017
fair value of retained interests, $ 3151, $ 2071
weighted average life ( years ), 7.2, 6.0
constant prepayment rate, 11.9% ( 11.9 % ), 9.4% ( 9.4 % )
impact of 10% ( 10 % ) adverse change, $ -27 ( 27 ), $ -19 ( 19 )
impact of 20% ( 20 % ) adverse change, $ -53 ( 53 ), $ -35 ( 35 )
discount rate, 4.7% ( 4.7 % ), 4.2% ( 4.2 % )
impact of 10% ( 10 % ) adverse change, $ -75 ( 75 ), $ -35 ( 35 )
impact of 20% ( 20 % ) adverse change, $ -147 ( 147 ), $ -70 ( 70 )
****************************************
####
Follow-up: ['in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests .', '2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear .', '2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption .', 'in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above .', '2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value .', '2030 the discount rate for retained interests that relate to u.s .', 'government agency-issued collateralized mortgage obligations does not include any credit loss .', 'expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests .', 'the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 .', 'due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 .', 'the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 .', 'note 12 .', 'variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns .', 'the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds .', 'certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk .', 'vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie .', 'the debt and equity securities issued by a vie may include tranches of varying levels of subordination .', 'the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below .', 'see note 11 for further information about securitization activities , including the definition of beneficial interests .', 'see note 3 for the firm 2019s consolidation policies , including the definition of a vie .', 'goldman sachs 2018 form 10-k 149 .'] | 1.15 | GS/2018/page_165.pdf-1 | ['the goldman sachs group , inc .', 'and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests .', '2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 .', '2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 .', 'in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies .', 'the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 .', 'the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 .', 'the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. .'] | ['in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests .', '2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear .', '2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption .', 'in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above .', '2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value .', '2030 the discount rate for retained interests that relate to u.s .', 'government agency-issued collateralized mortgage obligations does not include any credit loss .', 'expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests .', 'the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 .', 'due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 .', 'the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 .', 'note 12 .', 'variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns .', 'the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds .', 'certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk .', 'vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie .', 'the debt and equity securities issued by a vie may include tranches of varying levels of subordination .', 'the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below .', 'see note 11 for further information about securitization activities , including the definition of beneficial interests .', 'see note 3 for the firm 2019s consolidation policies , including the definition of a vie .', 'goldman sachs 2018 form 10-k 149 .'] | ****************************************
$ in millions, as of december 2018, as of december 2017
fair value of retained interests, $ 3151, $ 2071
weighted average life ( years ), 7.2, 6.0
constant prepayment rate, 11.9% ( 11.9 % ), 9.4% ( 9.4 % )
impact of 10% ( 10 % ) adverse change, $ -27 ( 27 ), $ -19 ( 19 )
impact of 20% ( 20 % ) adverse change, $ -53 ( 53 ), $ -35 ( 35 )
discount rate, 4.7% ( 4.7 % ), 4.2% ( 4.2 % )
impact of 10% ( 10 % ) adverse change, $ -75 ( 75 ), $ -35 ( 35 )
impact of 20% ( 20 % ) adverse change, $ -147 ( 147 ), $ -70 ( 70 )
**************************************** | subtract(3.28, 2.13) | 1.15 |
pursuant to the repurchase agreement , what was the total purchase price of the 4500000 shares of common stock directly from pca holdings llc? | Context: ['packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 .', 'shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share .', 'the company did not sell any shares in , or receive any proceeds from , the secondary offering .', 'concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc .', 'pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering .', 'these shares were retired on december 21 , 2005 .', '10 .', 'commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment .', 'operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases .', 'the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years .', 'the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) .']
----
Tabular Data:
****************************************
2006 | $ 24569
----------|----------
2007 | 21086
2008 | 14716
2009 | 9801
2010 | 6670
thereafter | 37130
total | $ 113972
****************************************
----
Follow-up: ['capital lease obligations were not significant to the accompanying financial statements .', 'total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .', 'these costs are included in cost of goods sold and selling and administrative expenses. .'] | 93105000.0 | PKG/2005/page_73.pdf-2 | ['packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2005 9 .', 'shareholders 2019 equity ( continued ) stockholder received proceeds , net of the underwriting discount , of $ 20.69 per share .', 'the company did not sell any shares in , or receive any proceeds from , the secondary offering .', 'concurrent with the closing of the secondary offering on december 21 , 2005 , the company entered into a common stock repurchase agreement with pca holdings llc .', 'pursuant to the repurchase agreement , the company purchased 4500000 shares of common stock directly from pca holdings llc at the initial price to the public net of the underwriting discount or $ 20.69 per share , the same net price per share received by pca holdings llc in the secondary offering .', 'these shares were retired on december 21 , 2005 .', '10 .', 'commitments and contingencies capital commitments the company had authorized capital expenditures of approximately $ 33.1 million and $ 55.2 million as of december 31 , 2005 and 2004 , respectively , in connection with the expansion and replacement of existing facilities and equipment .', 'operating leases pca leases space for certain of its facilities and cutting rights to approximately 108000 acres of timberland under long-term leases .', 'the company also leases equipment , primarily vehicles and rolling stock , and other assets under long-term leases of a duration generally of three years .', 'the minimum lease payments under non-cancelable operating leases with lease terms in excess of one year are as follows : ( in thousands ) .'] | ['capital lease obligations were not significant to the accompanying financial statements .', 'total lease expense , including base rent on all leases and executory costs , such as insurance , taxes , and maintenance , for the years ended december 31 , 2005 , 2004 and 2003 was $ 35.8 million , $ 33.0 million and $ 31.6 million , respectively .', 'these costs are included in cost of goods sold and selling and administrative expenses. .'] | ****************************************
2006 | $ 24569
----------|----------
2007 | 21086
2008 | 14716
2009 | 9801
2010 | 6670
thereafter | 37130
total | $ 113972
**************************************** | multiply(4500000, 20.69) | 93105000.0 |
assuming the same rate of growth as in 2005 , what would the projected risk free interest rate be in 2006? | Pre-text: ['abiomed , inc .', '2005 annual report : financials page 15 notes to consolidated financial statements 2014 march 31 , 2005 in addition to compensation expense related to stock option grants , the pro forma compensation expense shown in the table above includes compensation expense related to stock issued under the company 2019s employee stock purchase plan of approximately $ 44000 , $ 19000 and $ 28000 for fiscal 2003 , 2004 and 2005 , respectively .', 'this pro forma compensation expense may not be representative of the amount to be expected in future years as pro forma compensation expense may vary based upon the number of options granted and shares purchased .', 'the pro forma tax effect of the employee compensation expense has not been considered due to the company 2019s reported net losses .', '( t ) translation of foreign currencies the u.s .', 'dollar is the functional currency for the company 2019s single foreign subsidiary , abiomed b.v .', 'the financial statements of abiomed b.v .', 'are remeasured into u.s .', 'dollars using current rates of exchange for monetary assets and liabilities and historical rates of exchange for nonmonetary assets .', 'foreign exchange gains and losses are included in the results of operations in other income , net .', '( u ) recent accounting pronouncements in november 2004 , the financial accounting standards board ( fasb ) issued sfas no .', '151 , inventory costs ( fas 151 ) , which adopts wording from the international accounting standards board 2019s ( iasb ) standard no .', '2 , inventories , in an effort to improve the comparability of international financial reporting .', 'the new standard indicates that abnormal freight , handling costs , and wasted materials ( spoilage ) are required to be treated as current period charges rather than as a portion of inventory cost .', 'additionally , the standard clarifies that fixed production overhead should be allocated based on the normal capacity of a production facility .', 'the statement is effective for the company beginning in the first quarter of fiscal year 2007 .', 'adoption is not expected to have a material impact on the company 2019s results of operations , financial position or cash flows .', 'in december 2004 , the fasb issued sfas no .', '153 , exchanges of nonmonetary assets ( fas 153 ) which eliminates the exception from fair value measurement for nonmonetary exchanges of similar productive assets and replaces it with a general exception from fair value measurement for exchanges of nonmonetary assets that do not have commercial substance .', 'the company is required to adopt fas 153 for nonmonetary asset exchanges occurring in the second quarter of fiscal year 2006 and its adoption is not expected to have a significant impact on the company 2019s consolidated financial statements .', 'in december 2004 the fasb issued a revised statement of financial accounting standard ( sfas ) no .', '123 , share-based payment ( fas 123 ( r ) ) .', 'fas 123 ( r ) requires public entities to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award and recognize the cost over the period during which an employee is required to provide service in exchange for the award .', 'in april 2005 , the the fair value per share of the options granted during fiscal 2003 , 2004 and 2005 was computed as $ 1.69 , $ 1.53 and $ 3.94 , per share , respectively , and was calculated using the black-scholes option-pricing model with the following assumptions. .']
Tabular Data:
• , 2003, 2004, 2005
• risk-free interest rate, 2.92% ( 2.92 % ), 2.56% ( 2.56 % ), 3.87% ( 3.87 % )
• expected dividend yield, 2014, 2014, 2014
• expected option term in years, 5.0 years, 5.3 years, 7.5 years
• assumed stock price volatility, 85% ( 85 % ), 86% ( 86 % ), 84% ( 84 % )
Follow-up: ['.'] | 0.0585 | ABMD/2005/page_29.pdf-1 | ['abiomed , inc .', '2005 annual report : financials page 15 notes to consolidated financial statements 2014 march 31 , 2005 in addition to compensation expense related to stock option grants , the pro forma compensation expense shown in the table above includes compensation expense related to stock issued under the company 2019s employee stock purchase plan of approximately $ 44000 , $ 19000 and $ 28000 for fiscal 2003 , 2004 and 2005 , respectively .', 'this pro forma compensation expense may not be representative of the amount to be expected in future years as pro forma compensation expense may vary based upon the number of options granted and shares purchased .', 'the pro forma tax effect of the employee compensation expense has not been considered due to the company 2019s reported net losses .', '( t ) translation of foreign currencies the u.s .', 'dollar is the functional currency for the company 2019s single foreign subsidiary , abiomed b.v .', 'the financial statements of abiomed b.v .', 'are remeasured into u.s .', 'dollars using current rates of exchange for monetary assets and liabilities and historical rates of exchange for nonmonetary assets .', 'foreign exchange gains and losses are included in the results of operations in other income , net .', '( u ) recent accounting pronouncements in november 2004 , the financial accounting standards board ( fasb ) issued sfas no .', '151 , inventory costs ( fas 151 ) , which adopts wording from the international accounting standards board 2019s ( iasb ) standard no .', '2 , inventories , in an effort to improve the comparability of international financial reporting .', 'the new standard indicates that abnormal freight , handling costs , and wasted materials ( spoilage ) are required to be treated as current period charges rather than as a portion of inventory cost .', 'additionally , the standard clarifies that fixed production overhead should be allocated based on the normal capacity of a production facility .', 'the statement is effective for the company beginning in the first quarter of fiscal year 2007 .', 'adoption is not expected to have a material impact on the company 2019s results of operations , financial position or cash flows .', 'in december 2004 , the fasb issued sfas no .', '153 , exchanges of nonmonetary assets ( fas 153 ) which eliminates the exception from fair value measurement for nonmonetary exchanges of similar productive assets and replaces it with a general exception from fair value measurement for exchanges of nonmonetary assets that do not have commercial substance .', 'the company is required to adopt fas 153 for nonmonetary asset exchanges occurring in the second quarter of fiscal year 2006 and its adoption is not expected to have a significant impact on the company 2019s consolidated financial statements .', 'in december 2004 the fasb issued a revised statement of financial accounting standard ( sfas ) no .', '123 , share-based payment ( fas 123 ( r ) ) .', 'fas 123 ( r ) requires public entities to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award and recognize the cost over the period during which an employee is required to provide service in exchange for the award .', 'in april 2005 , the the fair value per share of the options granted during fiscal 2003 , 2004 and 2005 was computed as $ 1.69 , $ 1.53 and $ 3.94 , per share , respectively , and was calculated using the black-scholes option-pricing model with the following assumptions. .'] | ['.'] | • , 2003, 2004, 2005
• risk-free interest rate, 2.92% ( 2.92 % ), 2.56% ( 2.56 % ), 3.87% ( 3.87 % )
• expected dividend yield, 2014, 2014, 2014
• expected option term in years, 5.0 years, 5.3 years, 7.5 years
• assumed stock price volatility, 85% ( 85 % ), 86% ( 86 % ), 84% ( 84 % ) | divide(3.87%, 2.56%), multiply(3.87%, #0) | 0.0585 |
what percent of the one-time transition tax is due in les than one year? | Context: ['liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .', 'we continue to expect our operating cash flow to remain strong .', 'as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .', 'as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .', 'these liabilities were recorded as part of the respective purchase price accounting of each transaction .', 'the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .', 'as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .', 'the credit facility has been established with a diverse syndicate of banks .', 'there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .', 'the credit facility supports our $ 2.0 billion u.s .', 'commercial paper program and $ 2.0 billion european commercial paper program .', 'combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .', 'at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .', 'commercial paper program .', 'additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .', 'most of these lines are used to support global cash pooling structures .', 'approximately $ 643 million of these credit lines were available for use as of year-end 2017 .', 'bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .', 'we do not have any other significant unconditional purchase obligations or commercial commitments .', 'as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .', 'as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .', 'a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .', 'should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .', 'in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .', 'we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .', 'a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .']
------
Table:
========================================
( millions ) | total | payments due by period less than 1 year | payments due by period 2-3 years | payments due by period 4-5 years | payments due by period more than 5 years
----------|----------|----------|----------|----------|----------
notes payable | $ 15 | $ 15 | $ - | $ - | $ -
one-time transition tax | 160 | 13 | 26 | 26 | 95
long-term debt | 7303 | 549 | 696 | 1513 | 4545
capital lease obligations | 5 | 1 | 1 | 1 | 2
operating leases | 617 | 131 | 211 | 160 | 115
interest* | 2753 | 242 | 436 | 375 | 1700
total | $ 10853 | $ 951 | $ 1370 | $ 2075 | $ 6457
========================================
------
Post-table: ['* interest on variable rate debt was calculated using the interest rate at year-end 2017 .', 'during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .', 'the expense is primarily related to the one-time transition tax , which is payable over eight years .', 'as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .', 'as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .', 'we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .', 'therefore , these amounts have been excluded from the schedule of contractual obligations. .'] | 0.08125 | ECL/2017/page_57.pdf-1 | ['liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .', 'we continue to expect our operating cash flow to remain strong .', 'as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .', 'as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .', 'these liabilities were recorded as part of the respective purchase price accounting of each transaction .', 'the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .', 'as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .', 'the credit facility has been established with a diverse syndicate of banks .', 'there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .', 'the credit facility supports our $ 2.0 billion u.s .', 'commercial paper program and $ 2.0 billion european commercial paper program .', 'combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .', 'at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .', 'commercial paper program .', 'additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .', 'most of these lines are used to support global cash pooling structures .', 'approximately $ 643 million of these credit lines were available for use as of year-end 2017 .', 'bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .', 'we do not have any other significant unconditional purchase obligations or commercial commitments .', 'as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .', 'as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .', 'a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .', 'should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .', 'in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .', 'we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .', 'a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .'] | ['* interest on variable rate debt was calculated using the interest rate at year-end 2017 .', 'during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .', 'the expense is primarily related to the one-time transition tax , which is payable over eight years .', 'as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .', 'as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .', 'we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .', 'therefore , these amounts have been excluded from the schedule of contractual obligations. .'] | ========================================
( millions ) | total | payments due by period less than 1 year | payments due by period 2-3 years | payments due by period 4-5 years | payments due by period more than 5 years
----------|----------|----------|----------|----------|----------
notes payable | $ 15 | $ 15 | $ - | $ - | $ -
one-time transition tax | 160 | 13 | 26 | 26 | 95
long-term debt | 7303 | 549 | 696 | 1513 | 4545
capital lease obligations | 5 | 1 | 1 | 1 | 2
operating leases | 617 | 131 | 211 | 160 | 115
interest* | 2753 | 242 | 436 | 375 | 1700
total | $ 10853 | $ 951 | $ 1370 | $ 2075 | $ 6457
======================================== | divide(13, 160) | 0.08125 |
at december 31 , 2014 what was the structured notes fva balance in billions? | Background: ['notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives .', 'cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty .', 'as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters .', 'an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value .', 'the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event .', 'the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk .', 'as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate .', '2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value .', 'the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm .', 'structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology .', '2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument .', 'as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty .', 'effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes .', 'the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs .', 'the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm .', 'upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib .', 'while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva .', 'the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. .']
----
Table:
****************************************
Row 1: december 31 ( in millions ), 2014, 2013
Row 2: derivative receivables balance ( a ), $ 78975, $ 65759
Row 3: derivative payables balance ( a ), 71116, 57314
Row 4: derivatives cva ( b ), -2674 ( 2674 ), -2352 ( 2352 )
Row 5: derivatives dva and fva ( b ) ( c ), -380 ( 380 ), -322 ( 322 )
Row 6: structured notes balance ( a ) ( d ), 53772, 48808
Row 7: structured notes dva and fva ( b ) ( e ), 1152, 952
****************************************
----
Post-table: ['derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva .', '( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances .', '( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively .', '( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option .', 'at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected .', 'for further information on these elections , see note 4 .', '( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. .'] | -0.248 | JPM/2014/page_198.pdf-2 | ['notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives .', 'cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty .', 'as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters .', 'an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value .', 'the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event .', 'the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk .', 'as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate .', '2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value .', 'the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm .', 'structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology .', '2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument .', 'as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty .', 'effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes .', 'the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs .', 'the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm .', 'upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib .', 'while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva .', 'the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. .'] | ['derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva .', '( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances .', '( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively .', '( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option .', 'at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected .', 'for further information on these elections , see note 4 .', '( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. .'] | ****************************************
Row 1: december 31 ( in millions ), 2014, 2013
Row 2: derivative receivables balance ( a ), $ 78975, $ 65759
Row 3: derivative payables balance ( a ), 71116, 57314
Row 4: derivatives cva ( b ), -2674 ( 2674 ), -2352 ( 2352 )
Row 5: derivatives dva and fva ( b ) ( c ), -380 ( 380 ), -322 ( 322 )
Row 6: structured notes balance ( a ) ( d ), 53772, 48808
Row 7: structured notes dva and fva ( b ) ( e ), 1152, 952
**************************************** | divide(1152, const_1000), subtract(#0, 1.4) | -0.248 |
inventory was what percent of total working capital in 2005? | Context: ['equity instruments .', 'sfas no .', '123r eliminates the ability to account for share-based compensation transactions using the intrinsic value method under accounting principles board ( apb ) opinion no .', '25 , accounting for stock issued to employees , and instead requires such transactions be accounted for using a fair-value-based method .', 'the company will recognize stock-based compensation expense on all awards on a straight-line basis over the requisite service period using the modified prospective method .', 'in january 2005 , the sec issued sab no .', '107 , which provides supplemental implementation guidance for sfas no .', '123r .', 'sfas no .', '123r will be effective for the company beginning in the first quarter of fiscal 2006 .', 'the company expects the adoption of sfas no .', '123r will result in a reduction of diluted earnings per common share of approximately $ 0.03 for the first quarter of fiscal 2006 .', 'in march 2005 , the fasb issued interpretation no .', '( fin ) 47 , accounting for conditional asset retirement obligations , to clarify the requirement to record liabilities stemming from a legal obligation to perform an asset retirement activity in which the timing or method of settlement is conditional on a future event .', 'the company plans to adopt fin 47 in the first quarter of fiscal 2006 , and does not expect the application of fin 47 to have a material impact on its results of operations , cash flows or financial position .', 'in may 2005 , the fasb issued sfas no .', '154 , accounting changes and error corrections which replaces apb opinion no .', '20 accounting changes and sfas no .', '3 , reporting accounting changes in interim financial statements 2014an amendment of apb opinion no .', '28 .', 'sfas no .', '154 requires retrospective application to prior periods 2019 financial statements of a voluntary change in accounting principal unless it is not practicable .', 'sfas no .', '154 is effective for accounting changes and corrections of errors made in fiscal years beginning after december 15 , 2005 and is required to be adopted by the company in the first quarter of fiscal 2007 .', 'although the company will continue to evaluate the application of sfas no .', '154 , management does not currently believe adoption will have a material impact on the company 2019s results of operations or financial position .', 'liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 24 , september 25 , september 27 , 2005 2004 2003 .']
--
Table:
****************************************
Row 1: , september 24 2005, september 25 2004, september 27 2003
Row 2: cash cash equivalents and short-term investments, $ 8261, $ 5464, $ 4566
Row 3: accounts receivable net, $ 895, $ 774, $ 766
Row 4: inventory, $ 165, $ 101, $ 56
Row 5: working capital, $ 6816, $ 4404, $ 3530
Row 6: days sales in accounts receivable ( dso ) ( a ), 22, 30, 41
Row 7: days of supply in inventory ( b ), 6, 5, 4
Row 8: days payables outstanding ( dpo ) ( c ), 62, 76, 82
Row 9: annual operating cash flow, $ 2535, $ 934, $ 289
****************************************
--
Follow-up: ['( a ) dso is based on ending net trade receivables and most recent quarterly net sales for each period .', '( b ) days supply of inventory is based on ending inventory and most recent quarterly cost of sales for each period .', '( c ) dpo is based on ending accounts payable and most recent quarterly cost of sales adjusted for the change in inventory .', 'as of september 24 , 2005 , the company had $ 8.261 billion in cash , cash equivalents , and short-term investments , an increase of $ 2.797 billion over the same balances at the end of 2004 .', 'the principal components of this increase were cash generated by operating activities of $ 2.535 billion and proceeds of $ 543 million from the issuance of common stock under stock plans , partially offset by cash used to .'] | 0.02421 | AAPL/2005/page_43.pdf-2 | ['equity instruments .', 'sfas no .', '123r eliminates the ability to account for share-based compensation transactions using the intrinsic value method under accounting principles board ( apb ) opinion no .', '25 , accounting for stock issued to employees , and instead requires such transactions be accounted for using a fair-value-based method .', 'the company will recognize stock-based compensation expense on all awards on a straight-line basis over the requisite service period using the modified prospective method .', 'in january 2005 , the sec issued sab no .', '107 , which provides supplemental implementation guidance for sfas no .', '123r .', 'sfas no .', '123r will be effective for the company beginning in the first quarter of fiscal 2006 .', 'the company expects the adoption of sfas no .', '123r will result in a reduction of diluted earnings per common share of approximately $ 0.03 for the first quarter of fiscal 2006 .', 'in march 2005 , the fasb issued interpretation no .', '( fin ) 47 , accounting for conditional asset retirement obligations , to clarify the requirement to record liabilities stemming from a legal obligation to perform an asset retirement activity in which the timing or method of settlement is conditional on a future event .', 'the company plans to adopt fin 47 in the first quarter of fiscal 2006 , and does not expect the application of fin 47 to have a material impact on its results of operations , cash flows or financial position .', 'in may 2005 , the fasb issued sfas no .', '154 , accounting changes and error corrections which replaces apb opinion no .', '20 accounting changes and sfas no .', '3 , reporting accounting changes in interim financial statements 2014an amendment of apb opinion no .', '28 .', 'sfas no .', '154 requires retrospective application to prior periods 2019 financial statements of a voluntary change in accounting principal unless it is not practicable .', 'sfas no .', '154 is effective for accounting changes and corrections of errors made in fiscal years beginning after december 15 , 2005 and is required to be adopted by the company in the first quarter of fiscal 2007 .', 'although the company will continue to evaluate the application of sfas no .', '154 , management does not currently believe adoption will have a material impact on the company 2019s results of operations or financial position .', 'liquidity and capital resources the following table presents selected financial information and statistics for each of the last three fiscal years ( dollars in millions ) : september 24 , september 25 , september 27 , 2005 2004 2003 .'] | ['( a ) dso is based on ending net trade receivables and most recent quarterly net sales for each period .', '( b ) days supply of inventory is based on ending inventory and most recent quarterly cost of sales for each period .', '( c ) dpo is based on ending accounts payable and most recent quarterly cost of sales adjusted for the change in inventory .', 'as of september 24 , 2005 , the company had $ 8.261 billion in cash , cash equivalents , and short-term investments , an increase of $ 2.797 billion over the same balances at the end of 2004 .', 'the principal components of this increase were cash generated by operating activities of $ 2.535 billion and proceeds of $ 543 million from the issuance of common stock under stock plans , partially offset by cash used to .'] | ****************************************
Row 1: , september 24 2005, september 25 2004, september 27 2003
Row 2: cash cash equivalents and short-term investments, $ 8261, $ 5464, $ 4566
Row 3: accounts receivable net, $ 895, $ 774, $ 766
Row 4: inventory, $ 165, $ 101, $ 56
Row 5: working capital, $ 6816, $ 4404, $ 3530
Row 6: days sales in accounts receivable ( dso ) ( a ), 22, 30, 41
Row 7: days of supply in inventory ( b ), 6, 5, 4
Row 8: days payables outstanding ( dpo ) ( c ), 62, 76, 82
Row 9: annual operating cash flow, $ 2535, $ 934, $ 289
**************************************** | divide(165, 6816) | 0.02421 |
what are the cost reduction initiatives as a percentage of the operating companies income increase? | Pre-text: ["middleton's reported cigars shipment volume for 2012 decreased 0.7% ( 0.7 % ) due primarily to changes in trade inventories , partially offset by volume growth as a result of retail share gains .", "in the cigarette category , marlboro's 2012 retail share performance continued to benefit from the brand-building initiatives supporting marlboro's new architecture .", "marlboro's retail share for 2012 increased 0.6 share points versus 2011 to 42.6% ( 42.6 % ) .", 'in january 2013 , pm usa expanded distribution of marlboro southern cut nationally .', 'marlboro southern cut is part of the marlboro gold family .', "pm usa's 2012 retail share increased 0.8 share points versus 2011 , reflecting retail share gains by marlboro and by l&m in discount .", 'these gains were partially offset by share losses on other portfolio brands .', "in the machine-made large cigars category , black & mild's retail share for 2012 increased 0.5 share points .", 'the brand benefited from new untipped cigarillo varieties that were introduced in 2011 , black & mild seasonal offerings and the 2012 third-quarter introduction of black & mild jazz untipped cigarillos into select geographies .', 'in december 2012 , middleton announced plans to launch nationally black & mild jazz cigars in both plastic tip and wood tip in the first quarter of 2013 .', 'the following discussion compares smokeable products segment results for the year ended december 31 , 2011 with the year ended december 31 , 2010 .', 'net revenues , which include excise taxes billed to customers , decreased $ 221 million ( 1.0% ( 1.0 % ) ) due to lower shipment volume ( $ 1051 million ) , partially offset by higher net pricing ( $ 830 million ) , which includes higher promotional investments .', 'operating companies income increased $ 119 million ( 2.1% ( 2.1 % ) ) , due primarily to higher net pricing ( $ 831 million ) , which includes higher promotional investments , marketing , administration , and research savings reflecting cost reduction initiatives ( $ 198 million ) and 2010 implementation costs related to the closure of the cabarrus , north carolina manufacturing facility ( $ 75 million ) , partially offset by lower volume ( $ 527 million ) , higher asset impairment and exit costs due primarily to the 2011 cost reduction program ( $ 158 million ) , higher per unit settlement charges ( $ 120 million ) , higher charges related to tobacco and health judgments ( $ 87 million ) and higher fda user fees ( $ 73 million ) .', 'for 2011 , total smokeable products shipment volume decreased 4.0% ( 4.0 % ) versus 2010 .', "pm usa's reported domestic cigarettes shipment volume declined 4.0% ( 4.0 % ) versus 2010 due primarily to retail share losses and one less shipping day , partially offset by changes in trade inventories .", "after adjusting for changes in trade inventories and one less shipping day , pm usa's 2011 domestic cigarette shipment volume was estimated to be down approximately 4% ( 4 % ) versus 2010 .", 'pm usa believes that total cigarette category volume for 2011 decreased approximately 3.5% ( 3.5 % ) versus 2010 , when adjusted primarily for changes in trade inventories and one less shipping day .', "pm usa's total premium brands ( marlboro and other premium brands ) shipment volume decreased 4.3% ( 4.3 % ) .", "marlboro's shipment volume decreased 3.8% ( 3.8 % ) versus 2010 .", "in the discount brands , pm usa's shipment volume decreased 0.9% ( 0.9 % ) .", "pm usa's shipments of premium cigarettes accounted for 93.7% ( 93.7 % ) of its reported domestic cigarettes shipment volume for 2011 , down from 93.9% ( 93.9 % ) in 2010 .", "middleton's 2011 reported cigars shipment volume was unchanged versus 2010 .", "for 2011 , pm usa's retail share of the cigarette category declined 0.8 share points to 49.0% ( 49.0 % ) due primarily to retail share losses on marlboro .", "marlboro's 2011 retail share decreased 0.6 share points .", 'in 2010 , marlboro delivered record full-year retail share results that were achieved at lower margin levels .', 'middleton retained a leading share of the tipped cigarillo segment of the machine-made large cigars category , with a retail share of approximately 84% ( 84 % ) in 2011 .', "for 2011 , middleton's retail share of the cigar category increased 0.3 share points to 29.7% ( 29.7 % ) versus 2010 .", "black & mild's 2011 retail share increased 0.5 share points , as the brand benefited from new product introductions .", 'during the fourth quarter of 2011 , middleton broadened its untipped cigarillo portfolio with new aroma wrap 2122 foil pouch packaging that accompanied the national introduction of black & mild wine .', 'this new fourth- quarter packaging roll-out also included black & mild sweets and classic varieties .', 'during the second quarter of 2011 , middleton entered into a contract manufacturing arrangement to source the production of a portion of its cigars overseas .', 'middleton entered into this arrangement to access additional production capacity in an uncertain competitive environment and an excise tax environment that potentially benefits imported large cigars over those manufactured domestically .', "smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing , copenhagen and skoal's combined volume and retail share performance and effective cost management .", 'the following table summarizes smokeless products segment shipment volume performance : shipment volume for the years ended december 31 .']
Table:
****************************************
( cans and packs in millions ), shipment volumefor the years ended december 31 , 2012, shipment volumefor the years ended december 31 , 2011, shipment volumefor the years ended december 31 , 2010
copenhagen, 392.5, 354.2, 327.5
skoal, 288.4, 286.8, 274.4
copenhagenandskoal, 680.9, 641.0, 601.9
other, 82.4, 93.6, 122.5
total smokeless products, 763.3, 734.6, 724.4
****************************************
Additional Information: ['volume includes cans and packs sold , as well as promotional units , but excludes international volume , which is not material to the smokeless products segment .', 'other includes certain usstc and pm usa smokeless products .', 'new types of smokeless products , as well as new packaging configurations .'] | 1.66387 | MO/2012/page_44.pdf-2 | ["middleton's reported cigars shipment volume for 2012 decreased 0.7% ( 0.7 % ) due primarily to changes in trade inventories , partially offset by volume growth as a result of retail share gains .", "in the cigarette category , marlboro's 2012 retail share performance continued to benefit from the brand-building initiatives supporting marlboro's new architecture .", "marlboro's retail share for 2012 increased 0.6 share points versus 2011 to 42.6% ( 42.6 % ) .", 'in january 2013 , pm usa expanded distribution of marlboro southern cut nationally .', 'marlboro southern cut is part of the marlboro gold family .', "pm usa's 2012 retail share increased 0.8 share points versus 2011 , reflecting retail share gains by marlboro and by l&m in discount .", 'these gains were partially offset by share losses on other portfolio brands .', "in the machine-made large cigars category , black & mild's retail share for 2012 increased 0.5 share points .", 'the brand benefited from new untipped cigarillo varieties that were introduced in 2011 , black & mild seasonal offerings and the 2012 third-quarter introduction of black & mild jazz untipped cigarillos into select geographies .', 'in december 2012 , middleton announced plans to launch nationally black & mild jazz cigars in both plastic tip and wood tip in the first quarter of 2013 .', 'the following discussion compares smokeable products segment results for the year ended december 31 , 2011 with the year ended december 31 , 2010 .', 'net revenues , which include excise taxes billed to customers , decreased $ 221 million ( 1.0% ( 1.0 % ) ) due to lower shipment volume ( $ 1051 million ) , partially offset by higher net pricing ( $ 830 million ) , which includes higher promotional investments .', 'operating companies income increased $ 119 million ( 2.1% ( 2.1 % ) ) , due primarily to higher net pricing ( $ 831 million ) , which includes higher promotional investments , marketing , administration , and research savings reflecting cost reduction initiatives ( $ 198 million ) and 2010 implementation costs related to the closure of the cabarrus , north carolina manufacturing facility ( $ 75 million ) , partially offset by lower volume ( $ 527 million ) , higher asset impairment and exit costs due primarily to the 2011 cost reduction program ( $ 158 million ) , higher per unit settlement charges ( $ 120 million ) , higher charges related to tobacco and health judgments ( $ 87 million ) and higher fda user fees ( $ 73 million ) .', 'for 2011 , total smokeable products shipment volume decreased 4.0% ( 4.0 % ) versus 2010 .', "pm usa's reported domestic cigarettes shipment volume declined 4.0% ( 4.0 % ) versus 2010 due primarily to retail share losses and one less shipping day , partially offset by changes in trade inventories .", "after adjusting for changes in trade inventories and one less shipping day , pm usa's 2011 domestic cigarette shipment volume was estimated to be down approximately 4% ( 4 % ) versus 2010 .", 'pm usa believes that total cigarette category volume for 2011 decreased approximately 3.5% ( 3.5 % ) versus 2010 , when adjusted primarily for changes in trade inventories and one less shipping day .', "pm usa's total premium brands ( marlboro and other premium brands ) shipment volume decreased 4.3% ( 4.3 % ) .", "marlboro's shipment volume decreased 3.8% ( 3.8 % ) versus 2010 .", "in the discount brands , pm usa's shipment volume decreased 0.9% ( 0.9 % ) .", "pm usa's shipments of premium cigarettes accounted for 93.7% ( 93.7 % ) of its reported domestic cigarettes shipment volume for 2011 , down from 93.9% ( 93.9 % ) in 2010 .", "middleton's 2011 reported cigars shipment volume was unchanged versus 2010 .", "for 2011 , pm usa's retail share of the cigarette category declined 0.8 share points to 49.0% ( 49.0 % ) due primarily to retail share losses on marlboro .", "marlboro's 2011 retail share decreased 0.6 share points .", 'in 2010 , marlboro delivered record full-year retail share results that were achieved at lower margin levels .', 'middleton retained a leading share of the tipped cigarillo segment of the machine-made large cigars category , with a retail share of approximately 84% ( 84 % ) in 2011 .', "for 2011 , middleton's retail share of the cigar category increased 0.3 share points to 29.7% ( 29.7 % ) versus 2010 .", "black & mild's 2011 retail share increased 0.5 share points , as the brand benefited from new product introductions .", 'during the fourth quarter of 2011 , middleton broadened its untipped cigarillo portfolio with new aroma wrap 2122 foil pouch packaging that accompanied the national introduction of black & mild wine .', 'this new fourth- quarter packaging roll-out also included black & mild sweets and classic varieties .', 'during the second quarter of 2011 , middleton entered into a contract manufacturing arrangement to source the production of a portion of its cigars overseas .', 'middleton entered into this arrangement to access additional production capacity in an uncertain competitive environment and an excise tax environment that potentially benefits imported large cigars over those manufactured domestically .', "smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing , copenhagen and skoal's combined volume and retail share performance and effective cost management .", 'the following table summarizes smokeless products segment shipment volume performance : shipment volume for the years ended december 31 .'] | ['volume includes cans and packs sold , as well as promotional units , but excludes international volume , which is not material to the smokeless products segment .', 'other includes certain usstc and pm usa smokeless products .', 'new types of smokeless products , as well as new packaging configurations .'] | ****************************************
( cans and packs in millions ), shipment volumefor the years ended december 31 , 2012, shipment volumefor the years ended december 31 , 2011, shipment volumefor the years ended december 31 , 2010
copenhagen, 392.5, 354.2, 327.5
skoal, 288.4, 286.8, 274.4
copenhagenandskoal, 680.9, 641.0, 601.9
other, 82.4, 93.6, 122.5
total smokeless products, 763.3, 734.6, 724.4
**************************************** | divide(198, 119) | 1.66387 |
what was the total estimated aggregate amortization expense for each of the five succeeding fiscal years from 2009 to 2013 in millions | Context: ['for intangible assets subject to amortization , the estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows : 2009 - $ 41.1 million , 2010 - $ 27.3 million , 2011 - $ 20.9 million , 2012 - $ 17.0 million , and 2013 - $ 12.0 million .', 'fees and expenses related to the merger totaled $ 102.6 million , principally consisting of investment banking fees , legal fees and stock compensation ( $ 39.4 million as further discussed in note 10 ) , and are reflected in the 2007 results of operations .', 'capitalized debt issuance costs as of the merger date of $ 87.4 million for merger-related financing were reflected in other long- term assets in the consolidated balance sheet .', 'the following represents the unaudited pro forma results of the company 2019s consolidated operations as if the merger had occurred on february 3 , 2007 and february 4 , 2006 , respectively , after giving effect to certain adjustments , including the depreciation and amortization of the assets acquired based on their estimated fair values and changes in interest expense resulting from changes in consolidated debt ( in thousands ) : ( in thousands ) year ended february 1 , year ended february 2 .']
----
Tabular Data:
----------------------------------------
( in thousands ), year endedfebruary 12008, year endedfebruary 22007
revenue, $ 9495246, $ 9169822
net loss, -57939 ( 57939 ), ( 156188 )
----------------------------------------
----
Post-table: ['the pro forma information does not purport to be indicative of what the company 2019s results of operations would have been if the acquisition had in fact occurred at the beginning of the periods presented , and is not intended to be a projection of the company 2019s future results of operations .', 'subsequent to the announcement of the merger agreement , the company and its directors , along with other parties , were named in seven putative class actions filed in tennessee state courts alleging claims for breach of fiduciary duty arising out of the proposed merger , all as described more fully under 201clegal proceedings 201d in note 8 below .', '3 .', 'strategic initiatives during 2006 , the company began implementing certain strategic initiatives related to its historical inventory management and real estate strategies , as more fully described below .', 'inventory management in november 2006 , the company undertook an initiative to discontinue its historical inventory packaway model for virtually all merchandise by the end of fiscal 2007 .', 'under the packaway model , certain unsold inventory items ( primarily seasonal merchandise ) were stored on-site and returned to the sales floor until the items were eventually sold , damaged or discarded .', 'through end-of-season and other markdowns , this initiative resulted in the elimination of seasonal , home products and basic clothing packaway merchandise to allow for increased levels of newer , current-season merchandise .', 'in connection with this strategic change , in the third quarter of 2006 the company recorded a reserve for lower of cost or market inventory .'] | 118.3 | DG/2008/page_86.pdf-2 | ['for intangible assets subject to amortization , the estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows : 2009 - $ 41.1 million , 2010 - $ 27.3 million , 2011 - $ 20.9 million , 2012 - $ 17.0 million , and 2013 - $ 12.0 million .', 'fees and expenses related to the merger totaled $ 102.6 million , principally consisting of investment banking fees , legal fees and stock compensation ( $ 39.4 million as further discussed in note 10 ) , and are reflected in the 2007 results of operations .', 'capitalized debt issuance costs as of the merger date of $ 87.4 million for merger-related financing were reflected in other long- term assets in the consolidated balance sheet .', 'the following represents the unaudited pro forma results of the company 2019s consolidated operations as if the merger had occurred on february 3 , 2007 and february 4 , 2006 , respectively , after giving effect to certain adjustments , including the depreciation and amortization of the assets acquired based on their estimated fair values and changes in interest expense resulting from changes in consolidated debt ( in thousands ) : ( in thousands ) year ended february 1 , year ended february 2 .'] | ['the pro forma information does not purport to be indicative of what the company 2019s results of operations would have been if the acquisition had in fact occurred at the beginning of the periods presented , and is not intended to be a projection of the company 2019s future results of operations .', 'subsequent to the announcement of the merger agreement , the company and its directors , along with other parties , were named in seven putative class actions filed in tennessee state courts alleging claims for breach of fiduciary duty arising out of the proposed merger , all as described more fully under 201clegal proceedings 201d in note 8 below .', '3 .', 'strategic initiatives during 2006 , the company began implementing certain strategic initiatives related to its historical inventory management and real estate strategies , as more fully described below .', 'inventory management in november 2006 , the company undertook an initiative to discontinue its historical inventory packaway model for virtually all merchandise by the end of fiscal 2007 .', 'under the packaway model , certain unsold inventory items ( primarily seasonal merchandise ) were stored on-site and returned to the sales floor until the items were eventually sold , damaged or discarded .', 'through end-of-season and other markdowns , this initiative resulted in the elimination of seasonal , home products and basic clothing packaway merchandise to allow for increased levels of newer , current-season merchandise .', 'in connection with this strategic change , in the third quarter of 2006 the company recorded a reserve for lower of cost or market inventory .'] | ----------------------------------------
( in thousands ), year endedfebruary 12008, year endedfebruary 22007
revenue, $ 9495246, $ 9169822
net loss, -57939 ( 57939 ), ( 156188 )
---------------------------------------- | add(41.1, 27.3), add(#0, 20.9), add(#1, 17.0), add(#2, 12.0) | 118.3 |
assuming all options in the compensation plans approved by security holders were exercised , what would be the deemed proceeds to the company? | Background: ['compensation plan approved by security holders .', 'the employee stock purchase plan and the 2005 director stock plan were approved by shareholders at our 2005 annual meeting of shareholders .', 'in connection with our mergers with cbot holdings and nymex holdings , we assumed their existing equity plans .', 'the shares relating to the cbot holdings and nymex holdings plans are listed in the table below as being made under an equity compensation plan approved by security holders based upon the fact that shareholders of the company approved the related merger transactions .', 'plan category number of securities to be issued upon exercise of outstanding options ( a ) weighted-average exercise price of outstanding options ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) equity compensation plans approved by security holders .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1211143 $ 308.10 5156223 equity compensation plans not approved by security holders .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '5978 22.00 2014 .']
--
Tabular Data:
plan category, number of securities to be issued upon exercise of outstanding options ( a ), weighted-average exercise price of outstanding options ( b ), number of securities remaining available for future issuance underequity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders, 1211143, $ 308.10, 5156223
equity compensation plans not approved by security holders, 5978, 22.00, 2014
total, 1217121, , 5156223
--
Additional Information: ['item 13 .', 'certain relationships , related transactions and director independence the information required by this item is included in cme group 2019s proxy statement under the heading 201ccertain business relationships with related parties 201d and 201ccorporate governance 2014director independence 201d and is incorporated herein by reference , pursuant to general instruction g ( 3 ) .', 'item 14 .', 'principal accountant fees and services the information required by this item is included in cme group 2019s proxy statement under the heading 201caudit committee disclosures 2014principal accountant fees and services 201d and 201caudit committee disclosures 2014audit committee policy for approval of audit and permitted non-audit services 201d and is incorporated herein by reference , pursuant to general instruction g ( 3 ) . .'] | 373153158.3 | CME/2010/page_123.pdf-2 | ['compensation plan approved by security holders .', 'the employee stock purchase plan and the 2005 director stock plan were approved by shareholders at our 2005 annual meeting of shareholders .', 'in connection with our mergers with cbot holdings and nymex holdings , we assumed their existing equity plans .', 'the shares relating to the cbot holdings and nymex holdings plans are listed in the table below as being made under an equity compensation plan approved by security holders based upon the fact that shareholders of the company approved the related merger transactions .', 'plan category number of securities to be issued upon exercise of outstanding options ( a ) weighted-average exercise price of outstanding options ( b ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c ) equity compensation plans approved by security holders .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '1211143 $ 308.10 5156223 equity compensation plans not approved by security holders .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '5978 22.00 2014 .'] | ['item 13 .', 'certain relationships , related transactions and director independence the information required by this item is included in cme group 2019s proxy statement under the heading 201ccertain business relationships with related parties 201d and 201ccorporate governance 2014director independence 201d and is incorporated herein by reference , pursuant to general instruction g ( 3 ) .', 'item 14 .', 'principal accountant fees and services the information required by this item is included in cme group 2019s proxy statement under the heading 201caudit committee disclosures 2014principal accountant fees and services 201d and 201caudit committee disclosures 2014audit committee policy for approval of audit and permitted non-audit services 201d and is incorporated herein by reference , pursuant to general instruction g ( 3 ) . .'] | plan category, number of securities to be issued upon exercise of outstanding options ( a ), weighted-average exercise price of outstanding options ( b ), number of securities remaining available for future issuance underequity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders, 1211143, $ 308.10, 5156223
equity compensation plans not approved by security holders, 5978, 22.00, 2014
total, 1217121, , 5156223 | multiply(1211143, 308.10) | 373153158.3 |
what is the percentual growth of the depreciation and amortization expenses during 2008 and 2009? | Context: ['federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2009................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2010................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2011................................................................................................................................... .', '$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .']
----------
Tabular Data:
****************************************
balance december 31 2008, $ 846258
additions during period 2014depreciation and amortization expense, 103698
deductions during period 2014disposition and retirements of property, -11869 ( 11869 )
balance december 31 2009, 938087
additions during period 2014depreciation and amortization expense, 108261
deductions during period 2014disposition and retirements of property, -11144 ( 11144 )
balance december 31 2010, 1035204
additions during period 2014depreciation and amortization expense, 114180
deductions during period 2014disposition and retirements of property, -21796 ( 21796 )
balance december 31 2011, $ 1127588
****************************************
----------
Post-table: ['federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2009................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2010................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2011................................................................................................................................... .', '$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .'] | 0.044 | FRT/2011/page_115.pdf-1 | ['federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2009................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2010................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2011................................................................................................................................... .', '$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .'] | ['federal realty investment trust schedule iii summary of real estate and accumulated depreciation - continued three years ended december 31 , 2011 reconciliation of accumulated depreciation and amortization ( in thousands ) balance , december 31 , 2008................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2009................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2010................................................................................................................................... .', 'additions during period 2014depreciation and amortization expense .................................................................... .', 'deductions during period 2014disposition and retirements of property ................................................................. .', 'balance , december 31 , 2011................................................................................................................................... .', '$ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588 .'] | ****************************************
balance december 31 2008, $ 846258
additions during period 2014depreciation and amortization expense, 103698
deductions during period 2014disposition and retirements of property, -11869 ( 11869 )
balance december 31 2009, 938087
additions during period 2014depreciation and amortization expense, 108261
deductions during period 2014disposition and retirements of property, -11144 ( 11144 )
balance december 31 2010, 1035204
additions during period 2014depreciation and amortization expense, 114180
deductions during period 2014disposition and retirements of property, -21796 ( 21796 )
balance december 31 2011, $ 1127588
**************************************** | divide(108261, 103698), subtract(#0, const_1) | 0.044 |
what percentage of total miles were other main line in 2014? | Context: ['item 1b .', 'unresolved staff comments item 2 .', 'properties we employ a variety of assets in the management and operation of our rail business .', 'our rail network covers 23 states in the western two-thirds of the u.s .', 'our rail network includes 31974 route miles .', 'we own 26012 miles and operate on the remainder pursuant to trackage rights or leases .', 'the following table describes track miles at december 31 , 2014 and 2013 .', '2014 2013 .']
##
Tabular Data:
========================================
Row 1: , 2014, 2013
Row 2: route, 31974, 31838
Row 3: other main line, 6943, 6766
Row 4: passing lines and turnouts, 3197, 3167
Row 5: switching and classification yard lines, 9058, 9090
Row 6: total miles, 51172, 50861
========================================
##
Follow-up: ['headquarters building we own our headquarters building in omaha , nebraska .', 'the facility has 1.2 million square feet of space for approximately 4000 employees. .'] | 0.13568 | UNP/2014/page_14.pdf-4 | ['item 1b .', 'unresolved staff comments item 2 .', 'properties we employ a variety of assets in the management and operation of our rail business .', 'our rail network covers 23 states in the western two-thirds of the u.s .', 'our rail network includes 31974 route miles .', 'we own 26012 miles and operate on the remainder pursuant to trackage rights or leases .', 'the following table describes track miles at december 31 , 2014 and 2013 .', '2014 2013 .'] | ['headquarters building we own our headquarters building in omaha , nebraska .', 'the facility has 1.2 million square feet of space for approximately 4000 employees. .'] | ========================================
Row 1: , 2014, 2013
Row 2: route, 31974, 31838
Row 3: other main line, 6943, 6766
Row 4: passing lines and turnouts, 3197, 3167
Row 5: switching and classification yard lines, 9058, 9090
Row 6: total miles, 51172, 50861
======================================== | divide(6943, 51172) | 0.13568 |
what is the percentage change in aggregate rent expense from 2003 to 2004? | Background: ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 .', 'derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt .', 'under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .', 'such exposure is limited to the current value of the contract at the time the counterparty fails to perform .', 'the company believes its contracts as of december 31 , 2004 are with credit worthy institutions .', 'as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 .', 'as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 .', 'as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps .', 'during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations .', 'during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations .', 'hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations .', 'the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense .', 'the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 .', '8 .', 'commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms .', 'many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option .', 'escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease .', '( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease .', 'such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 .']
##########
Table:
****************************************
2005 | $ 106116
2006 | 106319
2007 | 106095
2008 | 106191
2009 | 106214
thereafter | 1570111
total | $ 2101046
****************************************
##########
Additional Information: ['aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .'] | 0.04199 | AMT/2004/page_91.pdf-4 | ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 .', 'derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt .', 'under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract .', 'such exposure is limited to the current value of the contract at the time the counterparty fails to perform .', 'the company believes its contracts as of december 31 , 2004 are with credit worthy institutions .', 'as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 .', 'as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 .', 'as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps .', 'during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations .', 'during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations .', 'hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations .', 'the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense .', 'the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 .', '8 .', 'commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms .', 'many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option .', 'escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease .', '( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease .', 'such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 .'] | ['aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .'] | ****************************************
2005 | $ 106116
2006 | 106319
2007 | 106095
2008 | 106191
2009 | 106214
thereafter | 1570111
total | $ 2101046
**************************************** | subtract(118741000, 113956000), divide(#0, 113956000) | 0.04199 |
what is the percentage change in total gross amount of unrecognized tax benefits from 2010 to 2011? | Context: ['repatriated , the related u.s .', 'tax liability may be reduced by any foreign income taxes paid on these earnings .', 'as of november 30 , 2012 , the cumulative amount of earnings upon which u.s .', 'income taxes have not been provided is approximately $ 2.9 billion .', 'the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion .', 'as of november 30 , 2012 , we have u.s .', 'net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state .', 'we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively .', 'the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 .', 'the state tax credit carryforwards can be carried forward indefinitely .', 'the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized .', 'in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation .', 'these amounts are no longer included in our gross or net deferred tax assets .', 'pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable .', 'as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets .', 'for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement .', 'accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .']
Tabular Data:
----------------------------------------
Row 1: , 2012, 2011
Row 2: beginning balance, $ 163607, $ 156925
Row 3: gross increases in unrecognized tax benefits 2013 prior year tax positions, 1038, 11901
Row 4: gross decreases in unrecognized tax benefits 2013 prior year tax positions, 2014, -4154 ( 4154 )
Row 5: gross increases in unrecognized tax benefits 2013 current year tax positions, 23771, 32420
Row 6: settlements with taxing authorities, -1754 ( 1754 ), -29101 ( 29101 )
Row 7: lapse of statute of limitations, -25387 ( 25387 ), -3825 ( 3825 )
Row 8: foreign exchange gains and losses, -807 ( 807 ), -559 ( 559 )
Row 9: ending balance, $ 160468, $ 163607
----------------------------------------
Post-table: ['as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million .', 'we file income tax returns in the u.s .', 'on a federal basis and in many u.s .', 'state and foreign jurisdictions .', 'we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .', 'our major tax jurisdictions are the u.s. , ireland and california .', 'for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively .', 'we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .', 'we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .', 'in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed .', 'our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable .', 'we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution .', 'the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .', 'these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .', 'the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .'] | 0.04258 | ADBE/2012/page_102.pdf-4 | ['repatriated , the related u.s .', 'tax liability may be reduced by any foreign income taxes paid on these earnings .', 'as of november 30 , 2012 , the cumulative amount of earnings upon which u.s .', 'income taxes have not been provided is approximately $ 2.9 billion .', 'the unrecognized deferred tax liability for these earnings is approximately $ 0.8 billion .', 'as of november 30 , 2012 , we have u.s .', 'net operating loss carryforwards of approximately $ 33.7 million for federal and $ 77.7 million for state .', 'we also have federal , state and foreign tax credit carryforwards of approximately $ 1.9 million , $ 18.0 million and $ 17.6 million , respectively .', 'the net operating loss carryforward assets , federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032 .', 'the state tax credit carryforwards can be carried forward indefinitely .', 'the net operating loss carryforward assets and certain credits are subject to an annual limitation under internal revenue code section 382 , but are expected to be fully realized .', 'in addition , we have been tracking certain deferred tax attributes of $ 45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation .', 'these amounts are no longer included in our gross or net deferred tax assets .', 'pursuant to these standards , the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable .', 'as of november 30 , 2012 , a valuation allowance of $ 28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets .', 'for fiscal 2012 , the total change in the valuation allowance was $ 23.0 million , of which $ 2.1 million was recorded as a tax benefit through the income statement .', 'accounting for uncertainty in income taxes during fiscal 2012 and 2011 , our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows ( in thousands ) : .'] | ['as of november 30 , 2012 , the combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current income taxes payable was approximately $ 12.5 million .', 'we file income tax returns in the u.s .', 'on a federal basis and in many u.s .', 'state and foreign jurisdictions .', 'we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities .', 'our major tax jurisdictions are the u.s. , ireland and california .', 'for california , ireland and the u.s. , the earliest fiscal years open for examination are 2005 , 2006 and 2008 , respectively .', 'we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from the current examinations .', 'we believe such estimates to be reasonable ; however , there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position .', 'in august 2011 , a canadian income tax examination covering our fiscal years 2005 through 2008 was completed .', 'our accrued tax and interest related to these years was approximately $ 35 million and was previously reported in long-term income taxes payable .', 'we reclassified approximately $ 17 million to short-term income taxes payable and decreased deferred tax assets by approximately $ 18 million in conjunction with the aforementioned resolution .', 'the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process .', 'these events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities .', 'the company believes that before the end of fiscal 2013 , it is reasonably possible table of contents adobe systems incorporated notes to consolidated financial statements ( continued ) .'] | ----------------------------------------
Row 1: , 2012, 2011
Row 2: beginning balance, $ 163607, $ 156925
Row 3: gross increases in unrecognized tax benefits 2013 prior year tax positions, 1038, 11901
Row 4: gross decreases in unrecognized tax benefits 2013 prior year tax positions, 2014, -4154 ( 4154 )
Row 5: gross increases in unrecognized tax benefits 2013 current year tax positions, 23771, 32420
Row 6: settlements with taxing authorities, -1754 ( 1754 ), -29101 ( 29101 )
Row 7: lapse of statute of limitations, -25387 ( 25387 ), -3825 ( 3825 )
Row 8: foreign exchange gains and losses, -807 ( 807 ), -559 ( 559 )
Row 9: ending balance, $ 160468, $ 163607
---------------------------------------- | subtract(163607, 156925), divide(#0, 156925) | 0.04258 |
what is the total , in millions , that represents outstanding balances in 2013 and 2014? | Pre-text: ['consumer lending asset classes home equity and residential real estate loan classes we use several credit quality indicators , including delinquency information , nonperforming loan information , updated credit scores , originated and updated ltv ratios , and geography , to monitor and manage credit risk within the home equity and residential real estate loan classes .', 'we evaluate mortgage loan performance by source originators and loan servicers .', 'a summary of asset quality indicators follows : delinquency/delinquency rates : we monitor trending of delinquency/delinquency rates for home equity and residential real estate loans .', 'see the asset quality section of this note 3 for additional information .', 'nonperforming loans : we monitor trending of nonperforming loans for home equity and residential real estate loans .', 'see the asset quality section of this note 3 for additional information .', 'credit scores : we use a national third-party provider to update fico credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly .', 'the updated scores are incorporated into a series of credit management reports , which are utilized to monitor the risk in the loan classes .', 'ltv ( inclusive of combined loan-to-value ( cltv ) for first and subordinate lien positions ) : at least annually , we update the property values of real estate collateral and calculate an updated ltv ratio .', 'for open-end credit lines secured by real estate in regions experiencing significant declines in property values , more frequent valuations may occur .', 'we examine ltv migration and stratify ltv into categories to monitor the risk in the loan classes .', 'historically , we used , and we continue to use , a combination of original ltv and updated ltv for internal risk management and reporting purposes ( e.g. , line management , loss mitigation strategies ) .', 'in addition to the fact that estimated property values by their nature are estimates , given certain data limitations it is important to note that updated ltvs may be based upon management 2019s assumptions ( e.g. , if an updated ltv is not provided by the third-party service provider , home price index ( hpi ) changes will be incorporated in arriving at management 2019s estimate of updated ltv ) .', 'geography : geographic concentrations are monitored to evaluate and manage exposures .', 'loan purchase programs are sensitive to , and focused within , certain regions to manage geographic exposures and associated risks .', 'a combination of updated fico scores , originated and updated ltv ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes .', 'loans with higher fico scores and lower ltvs tend to have a lower level of risk .', 'conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk .', 'consumer purchased impaired loan class estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans .', 'consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination .', 'these key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized .', 'see note 4 purchased loans for additional information .', 'table 63 : home equity and residential real estate balances in millions december 31 december 31 .']
Data Table:
in millions, december 312014, december 31 2013
home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ), $ 43348, $ 44376
home equity and residential real estate loans 2013 purchased impaired loans ( b ), 4541, 5548
government insured or guaranteed residential real estate mortgages ( a ), 1188, 1704
purchase accounting adjustments 2013 purchased impaired loans, 7, -116 ( 116 )
total home equity and residential real estate loans ( a ), $ 49084, $ 51512
Additional Information: ['( a ) represents recorded investment .', '( b ) represents outstanding balance .', 'the pnc financial services group , inc .', '2013 form 10-k 133 .'] | 10089.0 | PNC/2014/page_151.pdf-2 | ['consumer lending asset classes home equity and residential real estate loan classes we use several credit quality indicators , including delinquency information , nonperforming loan information , updated credit scores , originated and updated ltv ratios , and geography , to monitor and manage credit risk within the home equity and residential real estate loan classes .', 'we evaluate mortgage loan performance by source originators and loan servicers .', 'a summary of asset quality indicators follows : delinquency/delinquency rates : we monitor trending of delinquency/delinquency rates for home equity and residential real estate loans .', 'see the asset quality section of this note 3 for additional information .', 'nonperforming loans : we monitor trending of nonperforming loans for home equity and residential real estate loans .', 'see the asset quality section of this note 3 for additional information .', 'credit scores : we use a national third-party provider to update fico credit scores for home equity loans and lines of credit and residential real estate loans at least quarterly .', 'the updated scores are incorporated into a series of credit management reports , which are utilized to monitor the risk in the loan classes .', 'ltv ( inclusive of combined loan-to-value ( cltv ) for first and subordinate lien positions ) : at least annually , we update the property values of real estate collateral and calculate an updated ltv ratio .', 'for open-end credit lines secured by real estate in regions experiencing significant declines in property values , more frequent valuations may occur .', 'we examine ltv migration and stratify ltv into categories to monitor the risk in the loan classes .', 'historically , we used , and we continue to use , a combination of original ltv and updated ltv for internal risk management and reporting purposes ( e.g. , line management , loss mitigation strategies ) .', 'in addition to the fact that estimated property values by their nature are estimates , given certain data limitations it is important to note that updated ltvs may be based upon management 2019s assumptions ( e.g. , if an updated ltv is not provided by the third-party service provider , home price index ( hpi ) changes will be incorporated in arriving at management 2019s estimate of updated ltv ) .', 'geography : geographic concentrations are monitored to evaluate and manage exposures .', 'loan purchase programs are sensitive to , and focused within , certain regions to manage geographic exposures and associated risks .', 'a combination of updated fico scores , originated and updated ltv ratios and geographic location assigned to home equity loans and lines of credit and residential real estate loans is used to monitor the risk in the loan classes .', 'loans with higher fico scores and lower ltvs tend to have a lower level of risk .', 'conversely , loans with lower fico scores , higher ltvs , and in certain geographic locations tend to have a higher level of risk .', 'consumer purchased impaired loan class estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans .', 'consumer cash flow estimates are influenced by a number of credit related items , which include , but are not limited to : estimated real estate values , payment patterns , updated fico scores , the current economic environment , updated ltv ratios and the date of origination .', 'these key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized .', 'see note 4 purchased loans for additional information .', 'table 63 : home equity and residential real estate balances in millions december 31 december 31 .'] | ['( a ) represents recorded investment .', '( b ) represents outstanding balance .', 'the pnc financial services group , inc .', '2013 form 10-k 133 .'] | in millions, december 312014, december 31 2013
home equity and residential real estate loans 2013 excluding purchased impaired loans ( a ), $ 43348, $ 44376
home equity and residential real estate loans 2013 purchased impaired loans ( b ), 4541, 5548
government insured or guaranteed residential real estate mortgages ( a ), 1188, 1704
purchase accounting adjustments 2013 purchased impaired loans, 7, -116 ( 116 )
total home equity and residential real estate loans ( a ), $ 49084, $ 51512 | add(4541, 5548) | 10089.0 |
what was the ratio of the segment net sales in 2008 to 2009 | Context: ['management 2019s discussion and analysis of financial condition and results of operations 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 .', '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 operating business segment as detailed in note 12 , 2018 2018information by segment and geographic region , 2019 2019 to the company 2019s consolidated financial statements .', 'net sales and operating results for the company 2019s three operating business segments for 2009 , 2008 and 2007 are presented below .', 'mobile devices segment the mobile devices segment designs , manufactures , sells and services wireless handsets , including smartphones , with integrated software and accessory products , and licenses intellectual property .', 'in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 40% ( 40 % ) in 2008 and 52% ( 52 % ) in 2007. .']
--
Data Table:
========================================
( dollars in millions ), years ended december 31 2009, years ended december 31 2008, years ended december 31 2007, years ended december 31 2009 20142008, 2008 20142007
segment net sales, $ 7146, $ 12099, $ 18988, ( 41 ) % ( % ), ( 36 ) % ( % )
operating earnings ( loss ), -1077 ( 1077 ), -2199 ( 2199 ), -1201 ( 1201 ), ( 51 ) % ( % ), 83% ( 83 % )
========================================
--
Additional Information: ['segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.1 billion , a decrease of 41% ( 41 % ) compared to net sales of $ 12.1 billion in 2008 .', 'the 41% ( 41 % ) decrease in net sales was primarily driven by a 45% ( 45 % ) decrease in unit shipments , partially offset by an 8% ( 8 % ) increase in average selling price ( 2018 2018asp 2019 2019 ) .', 'the segment 2019s net sales were negatively impacted by reduced product offerings in large market segments , particularly 3g products , including smartphones , and the segment 2019s limited product offerings in very low-tier products .', 'on a product technology basis , net sales decreased substantially for gsm , cdma and 3g technologies , partially offset by an increase in net sales for iden technology .', 'on a geographic basis , net sales decreased substantially in latin america , the europe , middle east and african region ( 2018 2018emea 2019 2019 ) and asia and , to a lesser extent , decreased in north america .', 'the segment incurred an operating loss of $ 1.1 billion in 2009 , an improvement of 51% ( 51 % ) compared to an operating loss of $ 2.2 billion in 2008 .', 'the decrease in the operating loss was primarily due to decreases in : ( i ) selling , general and administrative ( 2018 2018sg&a 2019 2019 ) expenses , primarily due to lower marketing expenses and savings from cost-reduction initiatives , ( ii ) research and development ( 2018 2018r&d 2019 2019 ) expenditures , reflecting savings from cost-reduction initiatives , ( iii ) lower excess inventory and other related charges in 2009 than in 2008 , when the charges included a $ 370 million charge due to a decision to consolidate software and silicon platforms , and ( iv ) the absence in 2009 of a comparable $ 150 million charge in 2008 related to settlement of a purchase commitment , partially offset by a decrease in gross margin , driven by the 41% ( 41 % ) decrease in net sales .', 'as a percentage of net sales in 2009 as compared to 2008 , gross margin and r&d expenditures increased and sg&a expenses decreased .', 'the segment 2019s industry typically experiences short life cycles for new products .', 'therefore , it is vital to the segment 2019s success that new , compelling products are continually introduced .', 'accordingly , a strong commitment to .'] | 1.69312 | MSI/2009/page_65.pdf-2 | ['management 2019s discussion and analysis of financial condition and results of operations 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 .', '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 operating business segment as detailed in note 12 , 2018 2018information by segment and geographic region , 2019 2019 to the company 2019s consolidated financial statements .', 'net sales and operating results for the company 2019s three operating business segments for 2009 , 2008 and 2007 are presented below .', 'mobile devices segment the mobile devices segment designs , manufactures , sells and services wireless handsets , including smartphones , with integrated software and accessory products , and licenses intellectual property .', 'in 2009 , the segment 2019s net sales represented 32% ( 32 % ) of the company 2019s consolidated net sales , compared to 40% ( 40 % ) in 2008 and 52% ( 52 % ) in 2007. .'] | ['segment results 20142009 compared to 2008 in 2009 , the segment 2019s net sales were $ 7.1 billion , a decrease of 41% ( 41 % ) compared to net sales of $ 12.1 billion in 2008 .', 'the 41% ( 41 % ) decrease in net sales was primarily driven by a 45% ( 45 % ) decrease in unit shipments , partially offset by an 8% ( 8 % ) increase in average selling price ( 2018 2018asp 2019 2019 ) .', 'the segment 2019s net sales were negatively impacted by reduced product offerings in large market segments , particularly 3g products , including smartphones , and the segment 2019s limited product offerings in very low-tier products .', 'on a product technology basis , net sales decreased substantially for gsm , cdma and 3g technologies , partially offset by an increase in net sales for iden technology .', 'on a geographic basis , net sales decreased substantially in latin america , the europe , middle east and african region ( 2018 2018emea 2019 2019 ) and asia and , to a lesser extent , decreased in north america .', 'the segment incurred an operating loss of $ 1.1 billion in 2009 , an improvement of 51% ( 51 % ) compared to an operating loss of $ 2.2 billion in 2008 .', 'the decrease in the operating loss was primarily due to decreases in : ( i ) selling , general and administrative ( 2018 2018sg&a 2019 2019 ) expenses , primarily due to lower marketing expenses and savings from cost-reduction initiatives , ( ii ) research and development ( 2018 2018r&d 2019 2019 ) expenditures , reflecting savings from cost-reduction initiatives , ( iii ) lower excess inventory and other related charges in 2009 than in 2008 , when the charges included a $ 370 million charge due to a decision to consolidate software and silicon platforms , and ( iv ) the absence in 2009 of a comparable $ 150 million charge in 2008 related to settlement of a purchase commitment , partially offset by a decrease in gross margin , driven by the 41% ( 41 % ) decrease in net sales .', 'as a percentage of net sales in 2009 as compared to 2008 , gross margin and r&d expenditures increased and sg&a expenses decreased .', 'the segment 2019s industry typically experiences short life cycles for new products .', 'therefore , it is vital to the segment 2019s success that new , compelling products are continually introduced .', 'accordingly , a strong commitment to .'] | ========================================
( dollars in millions ), years ended december 31 2009, years ended december 31 2008, years ended december 31 2007, years ended december 31 2009 20142008, 2008 20142007
segment net sales, $ 7146, $ 12099, $ 18988, ( 41 ) % ( % ), ( 36 ) % ( % )
operating earnings ( loss ), -1077 ( 1077 ), -2199 ( 2199 ), -1201 ( 1201 ), ( 51 ) % ( % ), 83% ( 83 % )
======================================== | divide(12099, 7146) | 1.69312 |
what was the percent of the net sales from 2012 to 2013 | Context: ['decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .', 'the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .', 'aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .', 'the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .', 'the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .', 'operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .', 'backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .', 'trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .', 'operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .', 'information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .', 'is&gs has a portfolio of many smaller contracts as compared to our other business segments .', 'is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .', 'is&gs 2019 operating results included the following ( in millions ) : .']
########
Table:
2014 2013 2012
net sales $ 7788 $ 8367 $ 8846
operating profit 699 759 808
operating margins 9.0% ( 9.0 % ) 9.1% ( 9.1 % ) 9.1% ( 9.1 % )
backlog at year-end $ 8700 $ 8300 $ 8700
########
Follow-up: ['2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .', 'the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .', 'the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .'] | -0.05415 | LMT/2014/page_46.pdf-1 | ['decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .', 'the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .', 'aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .', 'the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .', 'the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .', 'operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .', 'adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .', 'backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .', 'trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .', 'operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .', 'information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .', 'is&gs has a portfolio of many smaller contracts as compared to our other business segments .', 'is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .', 'is&gs 2019 operating results included the following ( in millions ) : .'] | ['2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .', 'the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .', 'the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .'] | 2014 2013 2012
net sales $ 7788 $ 8367 $ 8846
operating profit 699 759 808
operating margins 9.0% ( 9.0 % ) 9.1% ( 9.1 % ) 9.1% ( 9.1 % )
backlog at year-end $ 8700 $ 8300 $ 8700 | subtract(8367, 8846), divide(#0, 8846) | -0.05415 |
what was the average total accumulated other comprehensive losses from 2013 to 2015 in millions? | Context: ['note 17 .', "accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: ."]
####
Tabular Data:
========================================
• ( losses ) earnings ( in millions ), ( losses ) earnings 2015, ( losses ) earnings 2014, 2013
• currency translation adjustments, $ -6129 ( 6129 ), $ -3929 ( 3929 ), $ -2207 ( 2207 )
• pension and other benefits, -3332 ( 3332 ), -3020 ( 3020 ), -2046 ( 2046 )
• derivatives accounted for as hedges, 59, 123, 63
• total accumulated other comprehensive losses, $ -9402 ( 9402 ), $ -6826 ( 6826 ), $ -4190 ( 4190 )
========================================
####
Additional Information: ['reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 .', 'the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .', 'in addition , $ 1 million , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2015 , 2014 and 2013 , respectively , upon liquidation of subsidiaries .', 'for additional information , see note 13 .', 'benefit plans and note 15 .', "financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .", 'note 18 .', 'colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .', 'the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .', 'as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .', 'at december 31 , 2015 and 2014 , pmi had $ 73 million and $ 71 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .', 'these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .', 'note 19 .', 'rbh legal settlement : on july 31 , 2008 , rothmans inc .', '( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .', '( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .', "the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .", "rothmans' sole holding was a 60% ( 60 % ) interest in rbh .", 'the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .'] | -6806.0 | PM/2015/page_127.pdf-3 | ['note 17 .', "accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: ."] | ['reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2015 , 2014 , and 2013 .', 'the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .', 'in addition , $ 1 million , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2015 , 2014 and 2013 , respectively , upon liquidation of subsidiaries .', 'for additional information , see note 13 .', 'benefit plans and note 15 .', "financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .", 'note 18 .', 'colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .', 'the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .', 'as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .', 'at december 31 , 2015 and 2014 , pmi had $ 73 million and $ 71 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .', 'these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .', 'note 19 .', 'rbh legal settlement : on july 31 , 2008 , rothmans inc .', '( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .', '( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .', "the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .", "rothmans' sole holding was a 60% ( 60 % ) interest in rbh .", 'the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .'] | ========================================
• ( losses ) earnings ( in millions ), ( losses ) earnings 2015, ( losses ) earnings 2014, 2013
• currency translation adjustments, $ -6129 ( 6129 ), $ -3929 ( 3929 ), $ -2207 ( 2207 )
• pension and other benefits, -3332 ( 3332 ), -3020 ( 3020 ), -2046 ( 2046 )
• derivatives accounted for as hedges, 59, 123, 63
• total accumulated other comprehensive losses, $ -9402 ( 9402 ), $ -6826 ( 6826 ), $ -4190 ( 4190 )
======================================== | table_average(total accumulated other comprehensive losses, none) | -6806.0 |
in 2008 , america's total depreciation & amortization is what percent of europe and asia combined? | Pre-text: ['depreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : .']
######
Data Table:
----------------------------------------
2008 2007 2006
americas $ 78.5 $ 66.9 $ 56.7
europe 57.0 60.7 46.5
asia pacific 25.6 22.7 18.7
global operations and corporate functions 114.0 79.7 75.5
total $ 275.1 $ 230.0 $ 197.4
----------------------------------------
######
Follow-up: ['15 .', 'leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter .', 'total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively .', '16 .', 'commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s .', 'to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s .', 'following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled .', 'there are a number of claims still pending and we expect additional claims will be submitted .', 'we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims .', 'we increased that provision by $ 21.5 million in the fourth quarter of 2008 .', 'the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 .', 'these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period .', 'any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals .', 'on february 15 , 2005 , howmedica osteonics corp .', 'filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s .', 'patent nos .', '6174934 ; 6372814 ; 6664308 ; and 6818020 .', 'on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s .', 'patent nos .', '6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness .', 'on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s .', 'patent no .', '6818020 , reducing the number of claims at issue in the suit to five .', 'we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously .', 'in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits .', 'we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported .', 'while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows .', 'government investigations in march 2005 , the u.s .', 'department of justice through the u.s .', 'attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons .', 'on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation .', 'as part of the settlement , we entered into a settlement agreement with the u.s .', 'through the u.s .', 'department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) .', 'in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s .', 'attorney 2019s office for the district of new jersey ( the 201cu.s .', 'attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs .', 'we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement .', 'we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s .', 'government of $ 169.5 million .', 'under the terms of the dpa , the u.s .', 'attorney filed a criminal complaint in the u.s .', 'district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c .', 'a7 1320a-7b ) during the years 2002 through 2006 .', 'the court deferred prosecution of the criminal complaint during the 18-month term of the dpa .', 'the u.s .', 'attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa .', 'the dpa provides for oversight by a federally-appointed monitor .', 'under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c .', '2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .'] | 82.6 | ZBH/2008/page_86.pdf-2 | ['depreciation and amortization included in operating segment profit for the years ended december 31 , 2008 , 2007 and 2006 was as follows ( in millions ) : .'] | ['15 .', 'leases future minimum rental commitments under non- cancelable operating leases in effect as of december 31 , 2008 were $ 38.2 million for 2009 , $ 30.1 million for 2010 , $ 20.9 million for 2011 , $ 15.9 million for 2012 , $ 14.3 million for 2013 and $ 29.9 million thereafter .', 'total rent expense for the years ended december 31 , 2008 , 2007 and 2006 aggregated $ 41.4 million , $ 37.1 million and $ 31.1 million , respectively .', '16 .', 'commitments and contingencies intellectual property and product liability-related litigation in july 2008 , we temporarily suspended marketing and distribution of the durom bb acetabular component ( durom cup ) in the u.s .', 'to allow us to update product labeling to provide more detailed surgical technique instructions to surgeons and implement a surgical training program in the u.s .', 'following our announcement , product liability lawsuits and other claims have been asserted against us , some of which we have settled .', 'there are a number of claims still pending and we expect additional claims will be submitted .', 'we recorded a provision of $ 47.5 million in the third quarter of 2008 , representing management 2019s estimate of these durom cup-related claims .', 'we increased that provision by $ 21.5 million in the fourth quarter of 2008 .', 'the provision is limited to revisions within two years of an original surgery that occurred prior to july 2008 .', 'these parameters are consistent with our data which indicates that cup loosenings associated with surgical technique are most likely to occur within that time period .', 'any claims received outside of these defined parameters will be managed in the normal course and reflected in our standard product liability accruals .', 'on february 15 , 2005 , howmedica osteonics corp .', 'filed an action against us and an unrelated party in the united states district court for the district of new jersey alleging infringement of u.s .', 'patent nos .', '6174934 ; 6372814 ; 6664308 ; and 6818020 .', 'on june 13 , 2007 , the court granted our motion for summary judgment on the invalidity of the asserted claims of u.s .', 'patent nos .', '6174934 ; 6372814 ; and 6664308 by ruling that all of the asserted claims are invalid for indefiniteness .', 'on august 19 , 2008 , the court granted our motion for summary judgment of non- infringement of certain claims of u.s .', 'patent no .', '6818020 , reducing the number of claims at issue in the suit to five .', 'we continue to believe that our defenses against infringement of the remaining claims are valid and meritorious , and we intend to defend this lawsuit vigorously .', 'in addition to certain claims related to the durom cup discussed above , we are also subject to product liability and other claims and lawsuits arising in the ordinary course of business , for which we maintain insurance , subject to self- insured retention limits .', 'we establish accruals for product liability and other claims in conjunction with outside counsel based on current information and historical settlement information for open claims , related fees and claims incurred but not reported .', 'while it is not possible to predict with certainty the outcome of these cases , it is the opinion of management that , upon ultimate resolution , liabilities from these cases in excess of those recorded , if any , will not have a material adverse effect on our consolidated financial position , results of operations or cash flows .', 'government investigations in march 2005 , the u.s .', 'department of justice through the u.s .', 'attorney 2019s office in newark , new jersey commenced an investigation of us and four other orthopaedic companies pertaining to consulting contracts , professional service agreements and other agreements by which remuneration is provided to orthopaedic surgeons .', 'on september 27 , 2007 , we reached a settlement with the government to resolve all claims related to this investigation .', 'as part of the settlement , we entered into a settlement agreement with the u.s .', 'through the u.s .', 'department of justice and the office of inspector general of the department of health and human services ( the 201coig-hhs 201d ) .', 'in addition , we entered into a deferred prosecution agreement ( the 201cdpa 201d ) with the u.s .', 'attorney 2019s office for the district of new jersey ( the 201cu.s .', 'attorney 201d ) and a corporate integrity agreement ( the 201ccia 201d ) with the oig- hhs .', 'we did not admit any wrongdoing , plead guilty to any criminal charges or pay any criminal fines as part of the settlement .', 'we settled all civil and administrative claims related to the federal investigation by making a settlement payment to the u.s .', 'government of $ 169.5 million .', 'under the terms of the dpa , the u.s .', 'attorney filed a criminal complaint in the u.s .', 'district court for the district of new jersey charging us with conspiracy to commit violations of the anti-kickback statute ( 42 u.s.c .', 'a7 1320a-7b ) during the years 2002 through 2006 .', 'the court deferred prosecution of the criminal complaint during the 18-month term of the dpa .', 'the u.s .', 'attorney will seek dismissal of the criminal complaint after the 18-month period if we comply with the provisions of the dpa .', 'the dpa provides for oversight by a federally-appointed monitor .', 'under the cia , which has a term of five years , we agreed , among other provisions , to continue the operation of our enhanced corporate compliance program , designed to promote compliance with federal healthcare program z i m m e r h o l d i n g s , i n c .', '2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 060000000 ***%%pcmsg|60 |00012|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .'] | ----------------------------------------
2008 2007 2006
americas $ 78.5 $ 66.9 $ 56.7
europe 57.0 60.7 46.5
asia pacific 25.6 22.7 18.7
global operations and corporate functions 114.0 79.7 75.5
total $ 275.1 $ 230.0 $ 197.4
---------------------------------------- | add(57.0, 25.6) | 82.6 |
what was the ratio of the leases for splendour and legend of the seas in 1996 and 1995 | Context: ['during 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 .', 'in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 .', 'during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 .', 'the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 .', 'each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 .', 'each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els .', 'these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes .', 'since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part .', 'holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 .', 'we may choose to pay the purchase price in cash or common stock or a combination thereof .', 'during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares .', 'in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes .', 'most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares .', 'during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan .', 'in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas .', 'during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations .', 'under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating .', 'the unsecured senior notes and senior debentures are not redeemable prior to maturity .', 'our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio .', 'we are in compliance with all covenants as of december 31 , 2005 .', 'following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : .']
----------
Table:
****************************************
2006 $ 600883
2007 329493
2008 245257
2009 ( 1 ) 361449
2010 687376
****************************************
----------
Follow-up: ['1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 .', 'the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 .', 'this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 .', 'we may choose to pay any amounts in cash or common stock or a combination thereof .', 'note 6 .', 'shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction .', 'as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share .', 'total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock .', 'the forward sale contract matured in february 2006 .', 'during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us .', 'upon settlement of the contract , we received 218089 additional shares of our common stock .', 'these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 .', 'our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock .', 'offerings to employees are made on a quarterly basis .', 'subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period .', 'shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd .', 'notes to the consolidated financial statements ( continued ) .'] | 1.01538 | RCL/2005/page_40.pdf-1 | ['during 2005 , we amended our $ 1.0 billion unsecured revolving credit facility to extend its maturity date from march 27 , 2008 to march 27 , 2010 , and reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) and the commitment fee to 0.2% ( 0.2 % ) of the undrawn portion of the facility at december 31 , 2005 .', 'in addition , in 2005 , we entered into two $ 100.0 million unsecured term loans , due 2010 , at an effective interest rate of libor plus 0.8% ( 0.8 % ) at december 31 , 2005 .', 'during 2004 , we entered into an eight-year , $ 225.0 million unse- cured term loan , at libor plus 1.75% ( 1.75 % ) , which was amended in 2005 to reduce the effective interest rate to libor plus 1.0% ( 1.0 % ) at december 31 , 2005 .', 'the liquid yield option 2122 notes and the zero coupon convertible notes are unsecured zero coupon bonds with yields to maturity of 4.875% ( 4.875 % ) and 4.75% ( 4.75 % ) , respectively , due 2021 .', 'each liquid yield option 2122 note and zero coupon convertible note was issued at a price of $ 381.63 and $ 391.06 , respectively , and will have a principal amount at maturity of $ 1000 .', 'each liquid yield option 2122 note and zero coupon convertible note is convertible at the option of the holder into 11.7152 and 15.6675 shares of common stock , respec- tively , if the market price of our common stock reaches certain lev- els .', 'these conditions were met at december 31 , 2005 and 2004 for the zero coupon convertible notes and at december 31 , 2004 for the liquid yield option 2122 notes .', 'since february 2 , 2005 , we have the right to redeem the liquid yield option 2122 notes and commencing on may 18 , 2006 , we will have the right to redeem the zero coupon con- vertible notes at their accreted values for cash as a whole at any time , or from time to time in part .', 'holders may require us to pur- chase any outstanding liquid yield option 2122 notes at their accreted value on february 2 , 2011 and any outstanding zero coupon con- vertible notes at their accreted value on may 18 , 2009 and may 18 , 2014 .', 'we may choose to pay the purchase price in cash or common stock or a combination thereof .', 'during 2005 , holders of our liquid yield option 2122 notes and zero coupon convertible notes converted approximately $ 10.4 million and $ 285.0 million , respectively , of the accreted value of these notes into approximately 0.3 million and 9.4 million shares , respec- tively , of our common stock and cash for fractional shares .', 'in addi- tion , we called for redemption $ 182.3 million of the accreted bal- ance of outstanding liquid yield option 2122 notes .', 'most holders of the liquid yield option 2122 notes elected to convert into shares of our common stock , rather than redeem for cash , resulting in the issuance of approximately 4.5 million shares .', 'during 2005 , we prepaid a total of $ 297.0 million on a term loan secured by a certain celebrity ship and on a variable rate unsecured term loan .', 'in 1996 , we entered into a $ 264.0 million capital lease to finance splendour of the seas and in 1995 we entered into a $ 260.0 million capital lease to finance legend of the seas .', 'during 2005 , we paid $ 335.8 million in connection with the exercise of purchase options on these capital lease obligations .', 'under certain of our agreements , the contractual interest rate and commitment fee vary with our debt rating .', 'the unsecured senior notes and senior debentures are not redeemable prior to maturity .', 'our debt agreements contain covenants that require us , among other things , to maintain minimum net worth and fixed charge cov- erage ratio and limit our debt to capital ratio .', 'we are in compliance with all covenants as of december 31 , 2005 .', 'following is a schedule of annual maturities on long-term debt as of december 31 , 2005 for each of the next five years ( in thousands ) : .'] | ['1 the $ 137.9 million accreted value of the zero coupon convertible notes at december 31 , 2005 is included in year 2009 .', 'the holders of our zero coupon convertible notes may require us to purchase any notes outstanding at an accreted value of $ 161.7 mil- lion on may 18 , 2009 .', 'this accreted value was calculated based on the number of notes outstanding at december 31 , 2005 .', 'we may choose to pay any amounts in cash or common stock or a combination thereof .', 'note 6 .', 'shareholders 2019 equity on september 25 , 2005 , we announced that we and an investment bank had finalized a forward sale agreement relating to an asr transaction .', 'as part of the asr transaction , we purchased 5.5 million shares of our common stock from the investment bank at an initial price of $ 45.40 per share .', 'total consideration paid to repurchase such shares , including commissions and other fees , was approxi- mately $ 249.1 million and was recorded in shareholders 2019 equity as a component of treasury stock .', 'the forward sale contract matured in february 2006 .', 'during the term of the forward sale contract , the investment bank purchased shares of our common stock in the open market to settle its obliga- tion related to the shares borrowed from third parties and sold to us .', 'upon settlement of the contract , we received 218089 additional shares of our common stock .', 'these incremental shares will be recorded in shareholders 2019 equity as a component of treasury stock in the first quarter of 2006 .', 'our employee stock purchase plan ( 201cespp 201d ) , which has been in effect since january 1 , 1994 , facilitates the purchase by employees of up to 800000 shares of common stock .', 'offerings to employees are made on a quarterly basis .', 'subject to certain limitations , the pur- chase price for each share of common stock is equal to 90% ( 90 % ) of the average of the market prices of the common stock as reported on the new york stock exchange on the first business day of the pur- chase period and the last business day of each month of the pur- chase period .', 'shares of common stock of 14476 , 13281 and 21280 38 royal caribbean cruises ltd .', 'notes to the consolidated financial statements ( continued ) .'] | ****************************************
2006 $ 600883
2007 329493
2008 245257
2009 ( 1 ) 361449
2010 687376
**************************************** | divide(264.0, 260.0) | 1.01538 |
what is the growth rate in operating profit for aeronautics in 2011? | Pre-text: ['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 ) : .']
Data Table:
****************************************
• , 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
****************************************
Additional Information: ['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. .'] | 0.08812 | LMT/2012/page_43.pdf-4 | ['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(1630, 1498), divide(#0, 1498) | 0.08812 |
what percentage of total contractual obligations is due to operating leases? | Background: ['repurchase programs .', 'we utilized cash generated from operating activities , $ 57.0 million in cash proceeds received from employee stock compensation plans and borrowings under credit facilities to fund the repurchases .', 'during 2008 , we borrowed $ 330.0 million from our existing credit facilities to fund stock repurchases and partially fund the acquisition of abbott spine .', 'we may use excess cash or further borrow from our credit facilities to repurchase additional common stock under the $ 1.25 billion program which expires december 31 , 2009 .', 'we have a five year $ 1350 million revolving , multi- currency , senior unsecured credit facility maturing november 30 , 2012 ( the 201csenior credit facility 201d ) .', 'we had $ 460.1 million outstanding under the senior credit facility at december 31 , 2008 , and an availability of $ 889.9 million .', 'the senior credit facility contains provisions by which we can increase the line to $ 1750 million and request that the maturity date be extended for two additional one-year periods .', 'we and certain of our wholly owned foreign subsidiaries are the borrowers under the senior credit facility .', 'borrowings under the senior credit facility are used for general corporate purposes and bear interest at a libor- based rate plus an applicable margin determined by reference to our senior unsecured long-term credit rating and the amounts drawn under the senior credit facility , at an alternate base rate , or at a fixed rate determined through a competitive bid process .', 'the senior credit facility contains customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets .', 'financial covenants include a maximum leverage ratio of 3.0 to 1.0 and a minimum interest coverage ratio of 3.5 to 1.0 .', 'if we fall below an investment grade credit rating , additional restrictions would result , including restrictions on investments , payment of dividends and stock repurchases .', 'we were in compliance with all covenants under the senior credit facility as of december 31 , 2008 .', 'commitments under the senior credit facility are subject to certain fees , including a facility and a utilization fee .', 'the senior credit facility is rated a- by standard & poor 2019s ratings services and is not rated by moody 2019s investors 2019 service , inc .', 'notwithstanding recent interruptions in global credit markets , as of the date of this report , we believe our access to our senior credit facility has not been impaired .', 'in october 2008 , we funded a portion of the acquisition of abbott spine with approximately $ 110 million of new borrowings under the senior credit facility .', 'each of the lenders under the senior credit facility funded its portion of the new borrowings in accordance with its commitment percentage .', 'we also have available uncommitted credit facilities totaling $ 71.4 million .', 'management believes that cash flows from operations , together with available borrowings under the senior credit facility , are sufficient to meet our expected working capital , capital expenditure and debt service needs .', 'should investment opportunities arise , we believe that our earnings , balance sheet and cash flows will allow us to obtain additional capital , if necessary .', 'contractual obligations we have entered into contracts with various third parties in the normal course of business which will require future payments .', 'the following table illustrates our contractual obligations ( in millions ) : contractual obligations total 2009 thereafter .']
----------
Table:
****************************************
contractual obligations, total, 2009, 2010 and 2011, 2012 and 2013, 2014 and thereafter
long-term debt, $ 460.1, $ 2013, $ 2013, $ 460.1, $ 2013
operating leases, 149.3, 38.2, 51.0, 30.2, 29.9
purchase obligations, 56.8, 47.7, 7.6, 1.5, 2013
long-term income taxes payable, 116.9, 2013, 69.6, 24.9, 22.4
other long-term liabilities, 237.0, 2013, 30.7, 15.1, 191.2
total contractual obligations, $ 1020.1, $ 85.9, $ 158.9, $ 531.8, $ 243.5
****************************************
----------
Post-table: ['long-term income taxes payable 116.9 2013 69.6 24.9 22.4 other long-term liabilities 237.0 2013 30.7 15.1 191.2 total contractual obligations $ 1020.1 $ 85.9 $ 158.9 $ 531.8 $ 243.5 critical accounting estimates our financial results are affected by the selection and application of accounting policies and methods .', 'significant accounting policies which require management 2019s judgment are discussed below .', 'excess inventory and instruments 2013 we must determine as of each balance sheet date how much , if any , of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost .', 'similarly , we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply .', 'reserves are established to effectively adjust inventory and instruments to net realizable value .', 'to determine the appropriate level of reserves , we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components .', 'the basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory , which is recorded at cost .', 'obsolete or discontinued items are generally destroyed and completely written off .', 'management evaluates the need for changes to valuation reserves based on market conditions , competitive offerings and other factors on a regular basis .', 'income taxes 2013 we estimate income tax expense and income tax liabilities and assets by taxable jurisdiction .', 'realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits .', 'we evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be 201cmore likely than not 201d that the deferred tax benefit will not be realized .', 'federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s .', 'we operate within numerous taxing jurisdictions .', 'we are subject to regulatory z i m m e r h o l d i n g s , i n c .', '2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t %%transmsg*** transmitting job : c48761 pcn : 031000000 ***%%pcmsg|31 |00013|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .'] | 0.14636 | ZBH/2008/page_57.pdf-4 | ['repurchase programs .', 'we utilized cash generated from operating activities , $ 57.0 million in cash proceeds received from employee stock compensation plans and borrowings under credit facilities to fund the repurchases .', 'during 2008 , we borrowed $ 330.0 million from our existing credit facilities to fund stock repurchases and partially fund the acquisition of abbott spine .', 'we may use excess cash or further borrow from our credit facilities to repurchase additional common stock under the $ 1.25 billion program which expires december 31 , 2009 .', 'we have a five year $ 1350 million revolving , multi- currency , senior unsecured credit facility maturing november 30 , 2012 ( the 201csenior credit facility 201d ) .', 'we had $ 460.1 million outstanding under the senior credit facility at december 31 , 2008 , and an availability of $ 889.9 million .', 'the senior credit facility contains provisions by which we can increase the line to $ 1750 million and request that the maturity date be extended for two additional one-year periods .', 'we and certain of our wholly owned foreign subsidiaries are the borrowers under the senior credit facility .', 'borrowings under the senior credit facility are used for general corporate purposes and bear interest at a libor- based rate plus an applicable margin determined by reference to our senior unsecured long-term credit rating and the amounts drawn under the senior credit facility , at an alternate base rate , or at a fixed rate determined through a competitive bid process .', 'the senior credit facility contains customary affirmative and negative covenants and events of default for an unsecured financing arrangement , including , among other things , limitations on consolidations , mergers and sales of assets .', 'financial covenants include a maximum leverage ratio of 3.0 to 1.0 and a minimum interest coverage ratio of 3.5 to 1.0 .', 'if we fall below an investment grade credit rating , additional restrictions would result , including restrictions on investments , payment of dividends and stock repurchases .', 'we were in compliance with all covenants under the senior credit facility as of december 31 , 2008 .', 'commitments under the senior credit facility are subject to certain fees , including a facility and a utilization fee .', 'the senior credit facility is rated a- by standard & poor 2019s ratings services and is not rated by moody 2019s investors 2019 service , inc .', 'notwithstanding recent interruptions in global credit markets , as of the date of this report , we believe our access to our senior credit facility has not been impaired .', 'in october 2008 , we funded a portion of the acquisition of abbott spine with approximately $ 110 million of new borrowings under the senior credit facility .', 'each of the lenders under the senior credit facility funded its portion of the new borrowings in accordance with its commitment percentage .', 'we also have available uncommitted credit facilities totaling $ 71.4 million .', 'management believes that cash flows from operations , together with available borrowings under the senior credit facility , are sufficient to meet our expected working capital , capital expenditure and debt service needs .', 'should investment opportunities arise , we believe that our earnings , balance sheet and cash flows will allow us to obtain additional capital , if necessary .', 'contractual obligations we have entered into contracts with various third parties in the normal course of business which will require future payments .', 'the following table illustrates our contractual obligations ( in millions ) : contractual obligations total 2009 thereafter .'] | ['long-term income taxes payable 116.9 2013 69.6 24.9 22.4 other long-term liabilities 237.0 2013 30.7 15.1 191.2 total contractual obligations $ 1020.1 $ 85.9 $ 158.9 $ 531.8 $ 243.5 critical accounting estimates our financial results are affected by the selection and application of accounting policies and methods .', 'significant accounting policies which require management 2019s judgment are discussed below .', 'excess inventory and instruments 2013 we must determine as of each balance sheet date how much , if any , of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost .', 'similarly , we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply .', 'reserves are established to effectively adjust inventory and instruments to net realizable value .', 'to determine the appropriate level of reserves , we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components .', 'the basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory , which is recorded at cost .', 'obsolete or discontinued items are generally destroyed and completely written off .', 'management evaluates the need for changes to valuation reserves based on market conditions , competitive offerings and other factors on a regular basis .', 'income taxes 2013 we estimate income tax expense and income tax liabilities and assets by taxable jurisdiction .', 'realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits .', 'we evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be 201cmore likely than not 201d that the deferred tax benefit will not be realized .', 'federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the u.s .', 'we operate within numerous taxing jurisdictions .', 'we are subject to regulatory z i m m e r h o l d i n g s , i n c .', '2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t %%transmsg*** transmitting job : c48761 pcn : 031000000 ***%%pcmsg|31 |00013|yes|no|02/24/2009 06:10|0|0|page is valid , no graphics -- color : d| .'] | ****************************************
contractual obligations, total, 2009, 2010 and 2011, 2012 and 2013, 2014 and thereafter
long-term debt, $ 460.1, $ 2013, $ 2013, $ 460.1, $ 2013
operating leases, 149.3, 38.2, 51.0, 30.2, 29.9
purchase obligations, 56.8, 47.7, 7.6, 1.5, 2013
long-term income taxes payable, 116.9, 2013, 69.6, 24.9, 22.4
other long-term liabilities, 237.0, 2013, 30.7, 15.1, 191.2
total contractual obligations, $ 1020.1, $ 85.9, $ 158.9, $ 531.8, $ 243.5
**************************************** | divide(149.3, 1020.1) | 0.14636 |
considering the years 2015-2017 , what is the average expense for environmental remediation at sites , in millions of dollars? | Pre-text: ['note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period .', 'diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans .', 'the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. .']
Table:
****************************************
in millions, 2017, 2016, 2015
weighted-average number of basic shares, 95.1, 95.8, 95.9
shares issuable under incentive stock plans, 0.9, 1.1, 1.0
weighted-average number of diluted shares, 96.0, 96.9, 96.9
****************************************
Post-table: ['at december 31 , 2017 , 0.1 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive .', 'note 19 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters .', 'amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available .', 'subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company .', 'environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns .', 'as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .', 'the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .', "changes to the company's remediation programs may result in increased expenses and increased environmental reserves .", 'the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s .', 'environmental protection agency and similar state authorities .', 'it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .', 'for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal .', 'in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .', 'the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .', 'additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .', 'the company incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company .', 'in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states .', 'this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements .', 'as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter of 2016 .', 'environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income .', 'as of december 31 , 2017 and 2016 , the company has recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million .', 'the total reserve at december 31 , 2017 and 2016 included $ 8.9 million and $ 9.6 million related to remediation of sites previously disposed by the company .', 'environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term .', "the company's total current environmental reserve at december 31 , 2017 and 2016 was $ 12.6 million and $ 6.1 million and the remainder is classified as noncurrent .", 'given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. .'] | 10.3 | ALLE/2017/page_118.pdf-1 | ['note 18 2013 earnings per share ( eps ) basic eps is calculated by dividing net earnings attributable to allegion plc by the weighted-average number of ordinary shares outstanding for the applicable period .', 'diluted eps is calculated after adjusting the denominator of the basic eps calculation for the effect of all potentially dilutive ordinary shares , which in the company 2019s case , includes shares issuable under share-based compensation plans .', 'the following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations. .'] | ['at december 31 , 2017 , 0.1 million stock options were excluded from the computation of weighted average diluted shares outstanding because the effect of including these shares would have been anti-dilutive .', 'note 19 2013 commitments and contingencies the company is involved in various litigations , claims and administrative proceedings , including those related to environmental and product warranty matters .', 'amounts recorded for identified contingent liabilities are estimates , which are reviewed periodically and adjusted to reflect additional information when it becomes available .', 'subject to the uncertainties inherent in estimating future costs for contingent liabilities , except as expressly set forth in this note , management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition , results of operations , liquidity or cash flows of the company .', 'environmental matters the company is dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns .', 'as to the latter , the company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities .', 'the company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to , or in replacement of , those currently utilized by the company based upon enhanced technology and regulatory changes .', "changes to the company's remediation programs may result in increased expenses and increased environmental reserves .", 'the company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the u.s .', 'environmental protection agency and similar state authorities .', 'it has also been identified as a potentially responsible party ( "prp" ) for cleanup costs associated with off-site waste disposal at federal superfund and state remediation sites .', 'for all such sites , there are other prps and , in most instances , the company 2019s involvement is minimal .', 'in estimating its liability , the company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other prps who may be jointly and severally liable .', 'the ability of other prps to participate has been taken into account , based on our understanding of the parties 2019 financial condition and probable contributions on a per site basis .', 'additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future .', 'the company incurred $ 3.2 million , $ 23.3 million , and $ 4.4 million of expenses during the years ended december 31 , 2017 , 2016 and 2015 , respectively , for environmental remediation at sites presently or formerly owned or leased by the company .', 'in the fourth-quarter of 2016 , with the collaboration and approval of state regulators , the company launched a proactive , alternative approach to remediate two sites in the united states .', 'this approach will allow the company to more aggressively address environmental conditions at these sites and reduce the impact of potential changes in regulatory requirements .', 'as a result , the company recorded a $ 15 million charge for environmental remediation in the fourth quarter of 2016 .', 'environmental remediation costs are recorded in costs of goods sold within the consolidated statements of comprehensive income .', 'as of december 31 , 2017 and 2016 , the company has recorded reserves for environmental matters of $ 28.9 million and $ 30.6 million .', 'the total reserve at december 31 , 2017 and 2016 included $ 8.9 million and $ 9.6 million related to remediation of sites previously disposed by the company .', 'environmental reserves are classified as accrued expenses and other current liabilities or other noncurrent liabilities based on their expected term .', "the company's total current environmental reserve at december 31 , 2017 and 2016 was $ 12.6 million and $ 6.1 million and the remainder is classified as noncurrent .", 'given the evolving nature of environmental laws , regulations and technology , the ultimate cost of future compliance is uncertain. .'] | ****************************************
in millions, 2017, 2016, 2015
weighted-average number of basic shares, 95.1, 95.8, 95.9
shares issuable under incentive stock plans, 0.9, 1.1, 1.0
weighted-average number of diluted shares, 96.0, 96.9, 96.9
**************************************** | add(3.2, 23.3), add(4.4, #0), divide(#1, const_3) | 10.3 |
what are the provisions for potential rate refunds as a percentage of net revenue in 2004? | Context: ['entergy gulf states , inc .', "management's financial discussion and analysis ."]
Table:
****************************************
( in millions )
2003 net revenue $ 1110.1
volume/weather 26.7
net wholesale revenue 13.0
summer capacity charges 5.5
price applied to unbilled sales 4.8
fuel recovery revenues -14.2 ( 14.2 )
other 3.9
2004 net revenue $ 1149.8
****************************************
Additional Information: ['the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .', 'billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .', 'the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .', 'summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .', 'the amortization of these capacity charges began in june 2002 and ended in may 2003 .', 'the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .', 'fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .', 'entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .', 'these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .', 'gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .', 'the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .', 'fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .', 'other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .', 'the amortization of these charges began in june 2002 and ended in may 2003 .', "2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", 'following is an analysis of the change in net revenue comparing 2003 to 2002. .'] | 0.01966 | ETR/2004/page_185.pdf-2 | ['entergy gulf states , inc .', "management's financial discussion and analysis ."] | ['the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .', 'billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .', 'the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .', 'summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .', 'the amortization of these capacity charges began in june 2002 and ended in may 2003 .', 'the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .', 'fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .', 'entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .', 'these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .', 'gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .', 'the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .', 'fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .', 'other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .', 'the amortization of these charges began in june 2002 and ended in may 2003 .', "2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .", 'following is an analysis of the change in net revenue comparing 2003 to 2002. .'] | ****************************************
( in millions )
2003 net revenue $ 1110.1
volume/weather 26.7
net wholesale revenue 13.0
summer capacity charges 5.5
price applied to unbilled sales 4.8
fuel recovery revenues -14.2 ( 14.2 )
other 3.9
2004 net revenue $ 1149.8
**************************************** | divide(22.6, 1149.8) | 0.01966 |
what is the growth rate in the balance of standby letters of credit from 2006 to 2007? | Pre-text: ['note 10 .', 'commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit .', 'the total potential loss on unfunded commitments , standby letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral .', 'the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 .', 'amounts reported do not reflect participations to independent third parties .', '2007 2006 ( in millions ) .']
####
Table:
========================================
( in millions ), 2007, 2006
indemnified securities financing, $ 558368, $ 506032
liquidity asset purchase agreements, 35339, 30251
unfunded commitments to extend credit, 17533, 16354
standby letters of credit, 4711, 4926
========================================
####
Post-table: ['on behalf of our customers , we lend their securities to creditworthy brokers and other institutions .', 'in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities .', 'collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition .', 'we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed .', 'the borrowed securities are revalued daily to determine if additional collateral is necessary .', 'in this regard , we held , as agent , cash and u.s .', 'government securities totaling $ 572.93 billion and $ 527.37 billion as collateral for indemnified securities on loan at december 31 , 2007 and 2006 , respectively .', 'approximately 82% ( 82 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue .', 'since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements .', 'in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , referred to as 2018 2018conduits . 2019 2019 these conduits are described in note 11 .', 'the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us .', 'in addition , we provide direct credit support to the conduits in the form of standby letters of credit .', 'our commitments under liquidity asset purchase agreements and back-up lines of credit totaled $ 28.37 billion at december 31 , 2007 , and are included in the preceding table .', 'our commitments under standby letters of credit totaled $ 1.04 billion at december 31 , 2007 , and are also included in the preceding table .', 'deterioration in asset performance or certain other factors affecting the liquidity of the commercial paper may shift the asset risk from the commercial paper investors to us as the liquidity or credit enhancement provider .', 'in addition , the conduits may need to draw upon the back-up facilities to repay maturing commercial paper .', 'in these instances , we would either acquire the assets of the conduits or make loans to the conduits secured by the conduits 2019 assets .', 'in the normal course of business , we offer products that provide book value protection primarily to plan participants in stable value funds of postretirement defined contribution benefit plans , particularly 401 ( k ) plans .', 'the book value protection is provided on portfolios of intermediate , investment grade fixed-income securities , and is intended to provide safety and stable growth of principal invested .', 'the protection is intended to cover any shortfall in the event that a significant number of plan participants .'] | -0.04365 | STT/2007/page_111.pdf-3 | ['note 10 .', 'commitments and contingencies off-balance sheet commitments and contingencies : credit-related financial instruments include indemnified securities financing , unfunded commitments to extend credit or purchase assets and standby letters of credit .', 'the total potential loss on unfunded commitments , standby letters of credit and securities finance indemnifications is equal to the total contractual amount , which does not consider the value of any collateral .', 'the following is a summary of the contractual amount of credit-related , off-balance sheet financial instruments at december 31 .', 'amounts reported do not reflect participations to independent third parties .', '2007 2006 ( in millions ) .'] | ['on behalf of our customers , we lend their securities to creditworthy brokers and other institutions .', 'in certain circumstances , we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities .', 'collateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition .', 'we require the borrowers to provide collateral in an amount equal to or in excess of 100% ( 100 % ) of the fair market value of the securities borrowed .', 'the borrowed securities are revalued daily to determine if additional collateral is necessary .', 'in this regard , we held , as agent , cash and u.s .', 'government securities totaling $ 572.93 billion and $ 527.37 billion as collateral for indemnified securities on loan at december 31 , 2007 and 2006 , respectively .', 'approximately 82% ( 82 % ) of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue .', 'since many of the commitments are expected to expire or renew without being drawn upon , the total commitment amounts do not necessarily represent future cash requirements .', 'in the normal course of business , we provide liquidity and credit enhancements to asset-backed commercial paper programs , referred to as 2018 2018conduits . 2019 2019 these conduits are described in note 11 .', 'the commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit , the majority of which are provided by us .', 'in addition , we provide direct credit support to the conduits in the form of standby letters of credit .', 'our commitments under liquidity asset purchase agreements and back-up lines of credit totaled $ 28.37 billion at december 31 , 2007 , and are included in the preceding table .', 'our commitments under standby letters of credit totaled $ 1.04 billion at december 31 , 2007 , and are also included in the preceding table .', 'deterioration in asset performance or certain other factors affecting the liquidity of the commercial paper may shift the asset risk from the commercial paper investors to us as the liquidity or credit enhancement provider .', 'in addition , the conduits may need to draw upon the back-up facilities to repay maturing commercial paper .', 'in these instances , we would either acquire the assets of the conduits or make loans to the conduits secured by the conduits 2019 assets .', 'in the normal course of business , we offer products that provide book value protection primarily to plan participants in stable value funds of postretirement defined contribution benefit plans , particularly 401 ( k ) plans .', 'the book value protection is provided on portfolios of intermediate , investment grade fixed-income securities , and is intended to provide safety and stable growth of principal invested .', 'the protection is intended to cover any shortfall in the event that a significant number of plan participants .'] | ========================================
( in millions ), 2007, 2006
indemnified securities financing, $ 558368, $ 506032
liquidity asset purchase agreements, 35339, 30251
unfunded commitments to extend credit, 17533, 16354
standby letters of credit, 4711, 4926
======================================== | subtract(4711, 4926), divide(#0, 4926) | -0.04365 |
what was the percentage increase in the employee contribution from 2002 to 2003 | Context: ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no .', '148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no .', '123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no .', '123 .', 'the company continues to use accounting principles board opinion no .', '25 ( apb no .', '25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no .', '148 .', 'in accordance with apb no .', '25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .', 'the company 2019s stock option plans are more fully described in note 13 .', 'in december 2004 , the fasb issued sfas no .', '123r , 201cshare-based payment 201d ( sfas no .', '123r ) , described below .', 'the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .', '123 ( as amended ) to stock-based compensation .', 'the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .']
----
Data Table:
----------------------------------------
| 2004 | 2003 | 2002
net loss as reported | $ -247587 ( 247587 ) | $ -325321 ( 325321 ) | $ -1163540 ( 1163540 )
add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported | 2297 | 2077 |
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -23906 ( 23906 ) | -31156 ( 31156 ) | -38126 ( 38126 )
pro-forma net loss | $ -269196 ( 269196 ) | $ -354400 ( 354400 ) | $ -1201666 ( 1201666 )
basic and diluted net loss per share 2014as reported | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 ) | $ -5.95 ( 5.95 )
basic and diluted net loss per share pro-forma | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) | $ -6.15 ( 6.15 )
----------------------------------------
----
Post-table: ['during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements .', 'fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 .', 'as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively .', 'as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively .', 'fair values are based primarily on quoted market prices for those or similar instruments .', 'retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .', 'under the plan , the company matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions .', 'effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions .', 'the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively .', 'recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no .', '123r , which is a revision of sfas no .', '123 , 201caccounting for stock-based compensation , 201d and supersedes apb no .', '25 , accounting for .'] | -0.1573 | AMT/2004/page_76.pdf-3 | ['american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) stock-based compensation 2014the company complies with the provisions of sfas no .', '148 , 201caccounting for stock-based compensation 2014transition and disclosure 2014an amendment of sfas no .', '123 , 201d which provides optional transition guidance for those companies electing to voluntarily adopt the accounting provisions of sfas no .', '123 .', 'the company continues to use accounting principles board opinion no .', '25 ( apb no .', '25 ) , 201caccounting for stock issued to employees , 201d to account for equity grants and awards to employees , officers and directors and has adopted the disclosure-only provisions of sfas no .', '148 .', 'in accordance with apb no .', '25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .', 'the company 2019s stock option plans are more fully described in note 13 .', 'in december 2004 , the fasb issued sfas no .', '123r , 201cshare-based payment 201d ( sfas no .', '123r ) , described below .', 'the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .', '123 ( as amended ) to stock-based compensation .', 'the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : .'] | ['during the year ended december 31 , 2004 and 2003 , the company modified certain option awards to accelerate vesting and recorded charges of $ 3.0 million and $ 2.3 million , respectively , and corresponding increases to additional paid in capital in the accompanying consolidated financial statements .', 'fair value of financial instruments 2014the carrying values of the company 2019s financial instruments , with the exception of long-term obligations , including current portion , reasonably approximate the related fair values as of december 31 , 2004 and 2003 .', 'as of december 31 , 2004 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.3 billion and $ 3.6 billion , respectively .', 'as of december 31 , 2003 , the carrying amount and fair value of long-term obligations , including current portion , were $ 3.4 billion and $ 3.6 billion , respectively .', 'fair values are based primarily on quoted market prices for those or similar instruments .', 'retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .', 'under the plan , the company matching contribution for periods prior to june 30 , 2004 was 35% ( 35 % ) up to a maximum 5% ( 5 % ) of a participant 2019s contributions .', 'effective july 1 , 2004 , the plan was amended to increase the company match to 50% ( 50 % ) up to a maximum 6% ( 6 % ) of a participant 2019s contributions .', 'the company contributed approximately $ 533000 , $ 825000 and $ 979000 to the plan for the years ended december 31 , 2004 , 2003 and 2002 , respectively .', 'recent accounting pronouncements 2014in december 2004 , the fasb issued sfas no .', '123r , which is a revision of sfas no .', '123 , 201caccounting for stock-based compensation , 201d and supersedes apb no .', '25 , accounting for .'] | ----------------------------------------
| 2004 | 2003 | 2002
net loss as reported | $ -247587 ( 247587 ) | $ -325321 ( 325321 ) | $ -1163540 ( 1163540 )
add : stock-based employee compensation expense associated with modifications net of related tax effect included in net loss asreported | 2297 | 2077 |
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -23906 ( 23906 ) | -31156 ( 31156 ) | -38126 ( 38126 )
pro-forma net loss | $ -269196 ( 269196 ) | $ -354400 ( 354400 ) | $ -1201666 ( 1201666 )
basic and diluted net loss per share 2014as reported | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 ) | $ -5.95 ( 5.95 )
basic and diluted net loss per share pro-forma | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) | $ -6.15 ( 6.15 )
---------------------------------------- | subtract(825000, 979000), divide(#0, 979000) | -0.1573 |
what is the difference in the range of international equities permitted in the company's pension plan? | Context: ['pension plan assets pension assets include public equities , government and corporate bonds , cash and cash equivalents , private real estate funds , private partnerships , hedge funds , and other assets .', "plan assets are held in a master trust and overseen by the company's investment committee .", 'all assets are externally managed through a combination of active and passive strategies .', 'managers may only invest in the asset classes for which they have been appointed .', 'the investment committee is responsible for setting the policy that provides the framework for management of the plan assets .', "the investment committee has set the minimum and maximum permitted values for each asset class in the company's pension plan master trust for the year ended december 31 , 2018 , as follows: ."]
--------
Tabular Data:
========================================
u.s . equities | range 15 | range - | range 36% ( 36 % )
international equities | 10 | - | 29% ( 29 % )
fixed income securities | 25 | - | 50% ( 50 % )
alternative investments | 10 | - | 25% ( 25 % )
========================================
--------
Post-table: ["the general objectives of the company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans , meet minimum erisa funding requirements , and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust .", 'specific investment objectives include reducing the volatility of pension assets relative to benefit obligations , achieving a competitive , total investment return , achieving diversification between and within asset classes , and managing other risks .', 'investment objectives for each asset class are determined based on specific risks and investment opportunities identified .', 'decisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes , the effect of asset allocations on funded status , future company contributions , and projected expenditures , including benefits .', 'the company updates its asset allocations periodically .', 'the company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics , duration , liquidity characteristics , funding requirements , expected rates of return , regular rebalancing , and the distribution of returns .', 'actual allocations to each asset class could vary from target allocations due to periodic investment strategy changes , short-term market value fluctuations , the length of time it takes to fully implement investment allocation positions , such as real estate and other alternative investments , and the timing of benefit payments and company contributions .', "taking into account the asset allocation ranges , the company determines the specific allocation of the master trust's investments within various asset classes .", 'the master trust utilizes select investment strategies , which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles .', "the selection of investment managers is done with careful evaluation of all aspects of performance and risk , demonstrated fiduciary responsibility , investment management experience , and a review of the investment managers' policies and processes .", 'investment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics .', 'plan assets are stated at fair value .', "the company employs a variety of pricing sources to estimate the fair value of its pension plan assets , including independent pricing vendors , dealer or counterparty-supplied valuations , third- party appraisals , and appraisals prepared by the company's investment managers or other experts .", 'investments in equity securities , common and preferred , are valued at the last reported sales price when an active market exists .', 'securities for which official or last trade pricing on an active exchange is available are classified as level 1 .', "if closing prices are not available , securities are valued at the last trade price , if deemed reasonable , or a broker's quote in a non-active market , and are typically categorized as level 2 .", 'investments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities .', 'pricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders , and fixed-income securities typically are categorized as level 2. .'] | -9.71 | HII/2018/page_113.pdf-2 | ['pension plan assets pension assets include public equities , government and corporate bonds , cash and cash equivalents , private real estate funds , private partnerships , hedge funds , and other assets .', "plan assets are held in a master trust and overseen by the company's investment committee .", 'all assets are externally managed through a combination of active and passive strategies .', 'managers may only invest in the asset classes for which they have been appointed .', 'the investment committee is responsible for setting the policy that provides the framework for management of the plan assets .', "the investment committee has set the minimum and maximum permitted values for each asset class in the company's pension plan master trust for the year ended december 31 , 2018 , as follows: ."] | ["the general objectives of the company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans , meet minimum erisa funding requirements , and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust .", 'specific investment objectives include reducing the volatility of pension assets relative to benefit obligations , achieving a competitive , total investment return , achieving diversification between and within asset classes , and managing other risks .', 'investment objectives for each asset class are determined based on specific risks and investment opportunities identified .', 'decisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes , the effect of asset allocations on funded status , future company contributions , and projected expenditures , including benefits .', 'the company updates its asset allocations periodically .', 'the company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics , duration , liquidity characteristics , funding requirements , expected rates of return , regular rebalancing , and the distribution of returns .', 'actual allocations to each asset class could vary from target allocations due to periodic investment strategy changes , short-term market value fluctuations , the length of time it takes to fully implement investment allocation positions , such as real estate and other alternative investments , and the timing of benefit payments and company contributions .', "taking into account the asset allocation ranges , the company determines the specific allocation of the master trust's investments within various asset classes .", 'the master trust utilizes select investment strategies , which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles .', "the selection of investment managers is done with careful evaluation of all aspects of performance and risk , demonstrated fiduciary responsibility , investment management experience , and a review of the investment managers' policies and processes .", 'investment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics .', 'plan assets are stated at fair value .', "the company employs a variety of pricing sources to estimate the fair value of its pension plan assets , including independent pricing vendors , dealer or counterparty-supplied valuations , third- party appraisals , and appraisals prepared by the company's investment managers or other experts .", 'investments in equity securities , common and preferred , are valued at the last reported sales price when an active market exists .', 'securities for which official or last trade pricing on an active exchange is available are classified as level 1 .', "if closing prices are not available , securities are valued at the last trade price , if deemed reasonable , or a broker's quote in a non-active market , and are typically categorized as level 2 .", 'investments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities .', 'pricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders , and fixed-income securities typically are categorized as level 2. .'] | ========================================
u.s . equities | range 15 | range - | range 36% ( 36 % )
international equities | 10 | - | 29% ( 29 % )
fixed income securities | 25 | - | 50% ( 50 % )
alternative investments | 10 | - | 25% ( 25 % )
======================================== | subtract(29%, 10) | -9.71 |
what was the percent of the change of the expected volatility from 2008 to 2009 | Background: ['humana inc .', 'notes to consolidated financial statements 2014 ( continued ) value , or the excess of the market value over the exercise or purchase price , of stock options exercised and restricted stock awards vested during the period .', 'the actual tax benefit realized for the deductions taken on our tax returns from option exercises and restricted stock vesting totaled $ 16.3 million in 2009 , $ 16.9 million in 2008 , and $ 48.0 million in 2007 .', 'there was no capitalized stock-based compensation expense .', 'the stock plans provide that one restricted share is equivalent to 1.7 stock options .', 'at december 31 , 2009 , there were 12818855 shares reserved for stock award plans , including 4797304 shares of common stock available for future grants assuming all stock options or 2821944 shares available for future grants assuming all restricted shares .', 'stock options stock options are granted with an exercise price equal to the average market value of the underlying common stock on the date of grant .', 'our stock plans , as approved by the board of directors and stockholders , define average market value as the average of the highest and lowest stock prices reported by the new york stock exchange on a given date .', 'exercise provisions vary , but most options vest in whole or in part 1 to 3 years after grant and expire 7 to 10 years after grant .', 'upon grant , stock options are assigned a fair value based on the black-scholes valuation model .', 'compensation expense is recognized on a straight-line basis over the total requisite service period , generally the total vesting period , for the entire award .', 'for stock options granted on or after january 1 , 2010 to retirement eligible employees , the compensation expense is recognized on a straight-line basis over the shorter of the requisite service period or the period from the date of grant to an employee 2019s eligible retirement date .', 'the weighted-average fair value of each option granted during 2009 , 2008 , and 2007 is provided below .', 'the fair value was estimated on the date of grant using the black-scholes pricing model with the weighted-average assumptions indicated below: .']
######
Table:
----------------------------------------
• , 2009, 2008, 2007
• weighted-average fair value at grant date, $ 14.24, $ 17.95, $ 21.07
• expected option life ( years ), 4.6, 5.1, 4.8
• expected volatility, 39.2% ( 39.2 % ), 28.2% ( 28.2 % ), 28.9% ( 28.9 % )
• risk-free interest rate at grant date, 1.9% ( 1.9 % ), 2.9% ( 2.9 % ), 4.5% ( 4.5 % )
• dividend yield, none, none, none
----------------------------------------
######
Additional Information: ['when valuing employee stock options , we stratify the employee population into three homogenous groups that historically have exhibited similar exercise behaviors .', 'these groups are executive officers , directors , and all other employees .', 'we value the stock options based on the unique assumptions for each of these employee groups .', 'we calculate the expected term for our employee stock options based on historical employee exercise behavior and base the risk-free interest rate on a traded zero-coupon u.s .', 'treasury bond with a term substantially equal to the option 2019s expected term .', 'the volatility used to value employee stock options is based on historical volatility .', 'we calculate historical volatility using a simple-average calculation methodology based on daily price intervals as measured over the expected term of the option. .'] | 0.39007 | HUM/2009/page_105.pdf-2 | ['humana inc .', 'notes to consolidated financial statements 2014 ( continued ) value , or the excess of the market value over the exercise or purchase price , of stock options exercised and restricted stock awards vested during the period .', 'the actual tax benefit realized for the deductions taken on our tax returns from option exercises and restricted stock vesting totaled $ 16.3 million in 2009 , $ 16.9 million in 2008 , and $ 48.0 million in 2007 .', 'there was no capitalized stock-based compensation expense .', 'the stock plans provide that one restricted share is equivalent to 1.7 stock options .', 'at december 31 , 2009 , there were 12818855 shares reserved for stock award plans , including 4797304 shares of common stock available for future grants assuming all stock options or 2821944 shares available for future grants assuming all restricted shares .', 'stock options stock options are granted with an exercise price equal to the average market value of the underlying common stock on the date of grant .', 'our stock plans , as approved by the board of directors and stockholders , define average market value as the average of the highest and lowest stock prices reported by the new york stock exchange on a given date .', 'exercise provisions vary , but most options vest in whole or in part 1 to 3 years after grant and expire 7 to 10 years after grant .', 'upon grant , stock options are assigned a fair value based on the black-scholes valuation model .', 'compensation expense is recognized on a straight-line basis over the total requisite service period , generally the total vesting period , for the entire award .', 'for stock options granted on or after january 1 , 2010 to retirement eligible employees , the compensation expense is recognized on a straight-line basis over the shorter of the requisite service period or the period from the date of grant to an employee 2019s eligible retirement date .', 'the weighted-average fair value of each option granted during 2009 , 2008 , and 2007 is provided below .', 'the fair value was estimated on the date of grant using the black-scholes pricing model with the weighted-average assumptions indicated below: .'] | ['when valuing employee stock options , we stratify the employee population into three homogenous groups that historically have exhibited similar exercise behaviors .', 'these groups are executive officers , directors , and all other employees .', 'we value the stock options based on the unique assumptions for each of these employee groups .', 'we calculate the expected term for our employee stock options based on historical employee exercise behavior and base the risk-free interest rate on a traded zero-coupon u.s .', 'treasury bond with a term substantially equal to the option 2019s expected term .', 'the volatility used to value employee stock options is based on historical volatility .', 'we calculate historical volatility using a simple-average calculation methodology based on daily price intervals as measured over the expected term of the option. .'] | ----------------------------------------
• , 2009, 2008, 2007
• weighted-average fair value at grant date, $ 14.24, $ 17.95, $ 21.07
• expected option life ( years ), 4.6, 5.1, 4.8
• expected volatility, 39.2% ( 39.2 % ), 28.2% ( 28.2 % ), 28.9% ( 28.9 % )
• risk-free interest rate at grant date, 1.9% ( 1.9 % ), 2.9% ( 2.9 % ), 4.5% ( 4.5 % )
• dividend yield, none, none, none
---------------------------------------- | subtract(39.2, 28.2), divide(#0, 28.2) | 0.39007 |
what portion of the company's property are leased? | Pre-text: ["item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: ."]
######
Data Table:
****************************************
( square feet in thousands ) united states other countries total
owned 3748 1624 5372
leased 556 1107 1663
total 4304 2731 7035
****************************************
######
Additional Information: ["because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country .", "the company's headquarters offices are in santa clara , california .", 'products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore .', 'remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .', 'products in the display segment are manufactured in tainan , taiwan and santa clara , california .', 'products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy .', 'applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan .', 'these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support .', 'applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space .', 'applied considers the properties that it owns or leases as adequate to meet its current and future requirements .', 'applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .'] | 0.23639 | AMAT/2015/page_31.pdf-1 | ["item 2 : properties information concerning applied's properties at october 25 , 2015 is set forth below: ."] | ["because of the interrelation of applied's operations , properties within a country may be shared by the segments operating within that country .", "the company's headquarters offices are in santa clara , california .", 'products in silicon systems are manufactured in austin , texas ; gloucester , massachusetts ; rehovot , israel ; and singapore .', 'remanufactured equipment products in the applied global services segment are produced primarily in austin , texas .', 'products in the display segment are manufactured in tainan , taiwan and santa clara , california .', 'products in the energy and environmental solutions segment are primarily manufactured in alzenau , germany and treviso , italy .', 'applied also owns and leases offices , plants and warehouse locations in many locations throughout the world , including in europe , japan , north america ( principally the united states ) , israel , china , india , korea , southeast asia and taiwan .', 'these facilities are principally used for manufacturing ; research , development and engineering ; and marketing , sales and customer support .', 'applied also owns a total of approximately 139 acres of buildable land in texas , california , israel and italy that could accommodate additional building space .', 'applied considers the properties that it owns or leases as adequate to meet its current and future requirements .', 'applied regularly assesses the size , capability and location of its global infrastructure and periodically makes adjustments based on these assessments. .'] | ****************************************
( square feet in thousands ) united states other countries total
owned 3748 1624 5372
leased 556 1107 1663
total 4304 2731 7035
**************************************** | divide(1663, 7035) | 0.23639 |
what percentage difference of consolidated net sales from 2006 to 2008? | Pre-text: ['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 .']
Tabular Data:
----------------------------------------
Row 1: ( 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
Row 2: segment net sales, $ 12099, $ 18988, $ 28383, ( 36 ) % ( % ), ( 33 ) % ( % )
Row 3: operating earnings ( loss ), -2199 ( 2199 ), -1201 ( 1201 ), 2690, 83% ( 83 % ), ***
----------------------------------------
Follow-up: ['*** 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| .'] | 2.87073 | MSI/2008/page_69.pdf-1 | ['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| .'] | ----------------------------------------
Row 1: ( 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
Row 2: segment net sales, $ 12099, $ 18988, $ 28383, ( 36 ) % ( % ), ( 33 ) % ( % )
Row 3: operating earnings ( loss ), -2199 ( 2199 ), -1201 ( 1201 ), 2690, 83% ( 83 % ), ***
---------------------------------------- | multiply(66%, 28383), multiply(40%, 12099), subtract(#0, #1), divide(#2, #1) | 2.87073 |
what was the percentage change in payroll and payroll taxes from 2005 to 2006? | Context: ['packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 .', 'stock-based compensation ( continued ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards .', 'the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years .', '5 .', 'accrued liabilities the components of accrued liabilities are as follows: .']
Table:
========================================
( in thousands ) december 31 , 2006 december 31 , 2005
bonuses and incentives $ 29822 $ 21895
medical insurance and workers 2019 compensation 18279 18339
vacation and holiday pay 14742 14159
customer volume discounts and rebates 13777 13232
franchise and property taxes 8432 8539
payroll and payroll taxes 5465 4772
other 9913 5889
total $ 100430 $ 86825
========================================
Follow-up: ['6 .', 'employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee .', 'effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 .', 'the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan .', 'benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 .', 'all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan .', 'effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement .', 'the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay .', 'the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan .', 'benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 .', 'all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan .', 'pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees .', 'benefits are determined using the same formula as the pca pension plan but in addition to counting .'] | 0.14522 | PKG/2006/page_68.pdf-3 | ['packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2006 4 .', 'stock-based compensation ( continued ) as of december 31 , 2006 , there was $ 8330000 of total unrecognized compensation costs related to the restricted stock awards .', 'the company expects to recognize the cost of these stock awards over a weighted-average period of 2.5 years .', '5 .', 'accrued liabilities the components of accrued liabilities are as follows: .'] | ['6 .', 'employee benefit plans and other postretirement benefits in connection with the acquisition from pactiv , pca and pactiv entered into a human resources agreement which , among other items , granted pca employees continued participation in the pactiv pension plan for a period of up to five years following the closing of the acquisition for an agreed upon fee .', 'effective january 1 , 2003 , pca adopted a mirror-image pension plan for eligible hourly employees to succeed the pactiv pension plan in which pca hourly employees had participated though december 31 , 2002 .', 'the pca pension plan for hourly employees recognizes service earned under both the pca plan and the prior pactiv plan .', 'benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through december 31 , 2002 .', 'all assets and liabilities associated with benefits earned through december 31 , 2002 for hourly employees and retirees of pca were retained by the pactiv plan .', 'effective may 1 , 2004 , pca adopted a grandfathered pension plan for certain salaried employees who had previously participated in the pactiv pension plan pursuant to the above mentioned human resource agreement .', 'the benefit formula for the new pca pension plan for salaried employees is comparable to that of the pactiv plan except that the pca plan uses career average base pay in the benefit formula in lieu of final average base pay .', 'the pca pension plan for salaried employees recognizes service earned under both the pca plan and the prior pactiv plan .', 'benefits earned under the pca plan are reduced by retirement benefits earned under the pactiv plan through april 30 , 2004 .', 'all assets and liabilities associated with benefits earned through april 30 , 2004 for salaried employees and retirees of pca were retained by the pactiv plan .', 'pca maintains a supplemental executive retirement plan ( 201cserp 201d ) , which augments pension benefits for eligible executives ( excluding the ceo ) earned under the pca pension plan for salaried employees .', 'benefits are determined using the same formula as the pca pension plan but in addition to counting .'] | ========================================
( in thousands ) december 31 , 2006 december 31 , 2005
bonuses and incentives $ 29822 $ 21895
medical insurance and workers 2019 compensation 18279 18339
vacation and holiday pay 14742 14159
customer volume discounts and rebates 13777 13232
franchise and property taxes 8432 8539
payroll and payroll taxes 5465 4772
other 9913 5889
total $ 100430 $ 86825
======================================== | subtract(5465, 4772), divide(#0, 4772) | 0.14522 |
what was the 2019 rate of increase in capital lease payments? | Background: ['restrictive covenants the terms of the 2017 credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit , among other things , our ability to pay dividends , make certain types of investments , incur additional indebtedness , incur liens and enter into negative pledge agreements and dispose of assets , and which require compliance with financial ratios relating to the maximum ratio of total indebtedness to total asset value , a minimum ratio of ebitda to fixed charges , a maximum ratio of secured indebtedness to total asset value and a maximum ratio of unsecured indebtedness to unencumbered asset value .', 'the dividend restriction referred to above provides that , we will not during any time when a default is continuing , make distributions with respect to common stock or other equity interests , except to enable the company to continue to qualify as a reit for federal income tax purposes .', 'as of december a031 , 2017 and 2016 , we were in compliance with all such covenants .', 'junior subordinated deferrable interest debentures in june a02005 , the company and the operating partnership issued $ 100.0 a0million in unsecured trust preferred securities through a newly formed trust , sl a0green capital trust i , or the trust , which is a wholly-owned subsidiary of the operating partnership .', 'the securities mature in 2035 and bear interest at a floating rate of 125 a0basis points over the three-month libor .', 'interest payments may be deferred for a period of up to eight consecutive quarters if the operating partnership exercises its right to defer such payments .', 'the trust preferred securities are redeemable at the option of the operating partnership , in whole or in part , with no prepayment premium .', 'we do not consolidate the trust even though it is a variable interest entity as we are not the primary beneficiary .', 'because the trust is not consolidated , we have recorded the debt on our consolidated balance sheets and the related payments are classified as interest expense .', 'interest rate risk we are exposed to changes in interest rates primarily from our variable rate debt .', 'our exposure to interest rate fluctuations are managed through either the use of interest rate derivative instru- ments and/or through our variable rate debt and preferred equity investments .', 'a hypothetical 100 a0basis point increase in interest rates along the entire interest rate curve for a02017 would increase our consolidated annual interest cost , net of interest income from variable rate debt and preferred equity investments , by $ 2.7 a0mil- lion and would increase our share of joint venture annual interest cost by $ 17.2 a0million .', 'at december a031 , 2017 , 61.5% ( 61.5 % ) of our $ 2.1 a0bil- lion debt and preferred equity portfolio is indexed to libor .', 'we recognize most derivatives on the balance sheet at fair value .', 'derivatives that are not hedges are adjusted to fair value through income .', 'if a derivative is considered a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recog- nized in other comprehensive income until the hedged item is recognized in earnings .', 'the ineffective portion of a derivative 2019s change in fair value is immediately recognized in a0earnings .', 'our long-term debt of $ 4.3 a0billion bears interest at fixed rates , and therefore the fair value of these instruments is affected by changes in the market interest rates .', 'our variable rate debt and variable rate joint venture debt as of december a031 , 2017 bore interest based on a spread of libor plus 100 a0basis points to libor plus 415 a0basis points .', 'contractual obligations the combined aggregate principal maturities of mortgages and other loans payable , the 2017 credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as-of-right extension options and put options , estimated interest expense , and our obligations under our capital lease and ground leases , as of december a031 , 2017 are as follows ( in a0thousands ) : .']
####
Table:
----------------------------------------
, 2018, 2019, 2020, 2021, 2022, thereafter, total
property mortgages and other loans, $ 153593, $ 42289, $ 703018, $ 11656, $ 208003, $ 1656623, $ 2775182
mra facilities, 90809, 2014, 2014, 2014, 2014, 2014, 90809
revolving credit facility, 2014, 2014, 2014, 2014, 2014, 40000, 40000
unsecured term loans, 2014, 2014, 2014, 2014, 2014, 1500000, 1500000
senior unsecured notes, 250000, 2014, 250000, 2014, 800000, 100000, 1400000
trust preferred securities, 2014, 2014, 2014, 2014, 2014, 100000, 100000
capital lease, 2387, 2411, 2620, 2794, 2794, 819894, 832900
ground leases, 31049, 31066, 31436, 31628, 29472, 703254, 857905
estimated interest expense, 226815, 218019, 184376, 163648, 155398, 281694, 1229950
joint venture debt, 200250, 717682, 473809, 449740, 223330, 2119481, 4184292
total, $ 954903, $ 1011467, $ 1645259, $ 659466, $ 1418997, $ 7320946, $ 13011038
----------------------------------------
####
Additional Information: ['.'] | 0.01005 | SLG/2017/page_61.pdf-1 | ['restrictive covenants the terms of the 2017 credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit , among other things , our ability to pay dividends , make certain types of investments , incur additional indebtedness , incur liens and enter into negative pledge agreements and dispose of assets , and which require compliance with financial ratios relating to the maximum ratio of total indebtedness to total asset value , a minimum ratio of ebitda to fixed charges , a maximum ratio of secured indebtedness to total asset value and a maximum ratio of unsecured indebtedness to unencumbered asset value .', 'the dividend restriction referred to above provides that , we will not during any time when a default is continuing , make distributions with respect to common stock or other equity interests , except to enable the company to continue to qualify as a reit for federal income tax purposes .', 'as of december a031 , 2017 and 2016 , we were in compliance with all such covenants .', 'junior subordinated deferrable interest debentures in june a02005 , the company and the operating partnership issued $ 100.0 a0million in unsecured trust preferred securities through a newly formed trust , sl a0green capital trust i , or the trust , which is a wholly-owned subsidiary of the operating partnership .', 'the securities mature in 2035 and bear interest at a floating rate of 125 a0basis points over the three-month libor .', 'interest payments may be deferred for a period of up to eight consecutive quarters if the operating partnership exercises its right to defer such payments .', 'the trust preferred securities are redeemable at the option of the operating partnership , in whole or in part , with no prepayment premium .', 'we do not consolidate the trust even though it is a variable interest entity as we are not the primary beneficiary .', 'because the trust is not consolidated , we have recorded the debt on our consolidated balance sheets and the related payments are classified as interest expense .', 'interest rate risk we are exposed to changes in interest rates primarily from our variable rate debt .', 'our exposure to interest rate fluctuations are managed through either the use of interest rate derivative instru- ments and/or through our variable rate debt and preferred equity investments .', 'a hypothetical 100 a0basis point increase in interest rates along the entire interest rate curve for a02017 would increase our consolidated annual interest cost , net of interest income from variable rate debt and preferred equity investments , by $ 2.7 a0mil- lion and would increase our share of joint venture annual interest cost by $ 17.2 a0million .', 'at december a031 , 2017 , 61.5% ( 61.5 % ) of our $ 2.1 a0bil- lion debt and preferred equity portfolio is indexed to libor .', 'we recognize most derivatives on the balance sheet at fair value .', 'derivatives that are not hedges are adjusted to fair value through income .', 'if a derivative is considered a hedge , depending on the nature of the hedge , changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset , liability , or firm commitment through earnings , or recog- nized in other comprehensive income until the hedged item is recognized in earnings .', 'the ineffective portion of a derivative 2019s change in fair value is immediately recognized in a0earnings .', 'our long-term debt of $ 4.3 a0billion bears interest at fixed rates , and therefore the fair value of these instruments is affected by changes in the market interest rates .', 'our variable rate debt and variable rate joint venture debt as of december a031 , 2017 bore interest based on a spread of libor plus 100 a0basis points to libor plus 415 a0basis points .', 'contractual obligations the combined aggregate principal maturities of mortgages and other loans payable , the 2017 credit facility , senior unsecured notes ( net of discount ) , trust preferred securities , our share of joint venture debt , including as-of-right extension options and put options , estimated interest expense , and our obligations under our capital lease and ground leases , as of december a031 , 2017 are as follows ( in a0thousands ) : .'] | ['.'] | ----------------------------------------
, 2018, 2019, 2020, 2021, 2022, thereafter, total
property mortgages and other loans, $ 153593, $ 42289, $ 703018, $ 11656, $ 208003, $ 1656623, $ 2775182
mra facilities, 90809, 2014, 2014, 2014, 2014, 2014, 90809
revolving credit facility, 2014, 2014, 2014, 2014, 2014, 40000, 40000
unsecured term loans, 2014, 2014, 2014, 2014, 2014, 1500000, 1500000
senior unsecured notes, 250000, 2014, 250000, 2014, 800000, 100000, 1400000
trust preferred securities, 2014, 2014, 2014, 2014, 2014, 100000, 100000
capital lease, 2387, 2411, 2620, 2794, 2794, 819894, 832900
ground leases, 31049, 31066, 31436, 31628, 29472, 703254, 857905
estimated interest expense, 226815, 218019, 184376, 163648, 155398, 281694, 1229950
joint venture debt, 200250, 717682, 473809, 449740, 223330, 2119481, 4184292
total, $ 954903, $ 1011467, $ 1645259, $ 659466, $ 1418997, $ 7320946, $ 13011038
---------------------------------------- | subtract(2411, 2387), divide(#0, 2387) | 0.01005 |
if average train speed ( miles per hour ) increased at the same rate as carloadings , what would the speed have been for 2014? | Background: ['interest expense 2013 interest expense increased in 2014 versus 2013 due to an increased weighted- average debt level of $ 10.8 billion in 2014 from $ 9.6 billion in 2013 , which more than offset the impact of the lower effective interest rate of 5.3% ( 5.3 % ) in 2014 versus 5.7% ( 5.7 % ) in 2013 .', 'interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 .', 'the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate .', 'income taxes 2013 higher pre-tax income increased income taxes in 2014 compared to 2013 .', 'our effective tax rate for 2014 was 37.9% ( 37.9 % ) compared to 37.7% ( 37.7 % ) in 2013 .', 'higher pre-tax income increased income taxes in 2013 compared to 2012 .', 'our effective tax rate for 2013 was 37.7% ( 37.7 % ) compared to 37.6% ( 37.6 % ) in 2012 .', 'other operating/performance and financial statistics we report a number of key performance measures weekly to the association of american railroads ( aar ) .', 'we provide this data on our website at www.up.com/investor/aar-stb_reports/index.htm .', 'operating/performance statistics railroad performance measures are included in the table below : 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .']
----------
Data Table:
2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change2013 v 2012
average train speed ( miles per hour ) 24.0 26.0 26.5 ( 8 ) % ( % ) ( 2 ) % ( % )
average terminal dwell time ( hours ) 30.3 27.1 26.2 12 % ( % ) 3 % ( % )
gross ton-miles ( billions ) 1014.9 949.1 959.3 7 % ( % ) ( 1 ) % ( % )
revenue ton-miles ( billions ) 549.6 514.3 521.1 7 % ( % ) ( 1 ) % ( % )
operating ratio 63.5 66.1 67.8 ( 2.6 ) pts ( 1.7 ) pts
employees ( average ) 47201 46445 45928 2 % ( % ) 1 % ( % )
----------
Follow-up: ['average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals .', 'average train speed , as reported to the association of american railroads , decreased 8% ( 8 % ) in 2014 versus 2013 .', 'the decline was driven by a 7% ( 7 % ) volume increase , a major infrastructure project in fort worth , texas and inclement weather , including flooding in the midwest in the second quarter and severe weather conditions in the first quarter that impacted all major u.s .', 'and canadian railroads .', 'average train speed decreased 2% ( 2 % ) in 2013 versus 2012 .', 'the decline was driven by severe weather conditions and shifts of traffic to sections of our network with higher utilization .', 'average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals .', 'lower average terminal dwell time improves asset utilization and service .', 'average terminal dwell time increased 12% ( 12 % ) in 2014 compared to 2013 , caused by higher volumes and inclement weather .', 'average terminal dwell time increased 3% ( 3 % ) in 2013 compared to 2012 , primarily due to growth of manifest traffic which requires more time in terminals for switching cars and building trains .', 'gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled .', 'revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles .', 'gross ton-miles , revenue ton-miles and carloadings all increased 7% ( 7 % ) in 2014 compared to 2013 .', 'gross ton-miles and revenue ton-miles declined 1% ( 1 % ) in 2013 compared to 2012 and carloads remained relatively flat driven by declines in coal and agricultural products offset by growth in chemical , autos and industrial products .', 'changes in commodity mix drove the year-over-year variances between gross ton- miles , revenue ton-miles and carloads. .'] | 26.07 | UNP/2014/page_32.pdf-2 | ['interest expense 2013 interest expense increased in 2014 versus 2013 due to an increased weighted- average debt level of $ 10.8 billion in 2014 from $ 9.6 billion in 2013 , which more than offset the impact of the lower effective interest rate of 5.3% ( 5.3 % ) in 2014 versus 5.7% ( 5.7 % ) in 2013 .', 'interest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% ( 5.7 % ) in 2013 versus 6.0% ( 6.0 % ) in 2012 .', 'the increase in the weighted-average debt level to $ 9.6 billion in 2013 from $ 9.1 billion in 2012 partially offset the impact of the lower effective interest rate .', 'income taxes 2013 higher pre-tax income increased income taxes in 2014 compared to 2013 .', 'our effective tax rate for 2014 was 37.9% ( 37.9 % ) compared to 37.7% ( 37.7 % ) in 2013 .', 'higher pre-tax income increased income taxes in 2013 compared to 2012 .', 'our effective tax rate for 2013 was 37.7% ( 37.7 % ) compared to 37.6% ( 37.6 % ) in 2012 .', 'other operating/performance and financial statistics we report a number of key performance measures weekly to the association of american railroads ( aar ) .', 'we provide this data on our website at www.up.com/investor/aar-stb_reports/index.htm .', 'operating/performance statistics railroad performance measures are included in the table below : 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change 2013 v 2012 .'] | ['average train speed 2013 average train speed is calculated by dividing train miles by hours operated on our main lines between terminals .', 'average train speed , as reported to the association of american railroads , decreased 8% ( 8 % ) in 2014 versus 2013 .', 'the decline was driven by a 7% ( 7 % ) volume increase , a major infrastructure project in fort worth , texas and inclement weather , including flooding in the midwest in the second quarter and severe weather conditions in the first quarter that impacted all major u.s .', 'and canadian railroads .', 'average train speed decreased 2% ( 2 % ) in 2013 versus 2012 .', 'the decline was driven by severe weather conditions and shifts of traffic to sections of our network with higher utilization .', 'average terminal dwell time 2013 average terminal dwell time is the average time that a rail car spends at our terminals .', 'lower average terminal dwell time improves asset utilization and service .', 'average terminal dwell time increased 12% ( 12 % ) in 2014 compared to 2013 , caused by higher volumes and inclement weather .', 'average terminal dwell time increased 3% ( 3 % ) in 2013 compared to 2012 , primarily due to growth of manifest traffic which requires more time in terminals for switching cars and building trains .', 'gross and revenue ton-miles 2013 gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled .', 'revenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles .', 'gross ton-miles , revenue ton-miles and carloadings all increased 7% ( 7 % ) in 2014 compared to 2013 .', 'gross ton-miles and revenue ton-miles declined 1% ( 1 % ) in 2013 compared to 2012 and carloads remained relatively flat driven by declines in coal and agricultural products offset by growth in chemical , autos and industrial products .', 'changes in commodity mix drove the year-over-year variances between gross ton- miles , revenue ton-miles and carloads. .'] | 2014 2013 2012 % ( % ) change 2014 v 2013 % ( % ) change2013 v 2012
average train speed ( miles per hour ) 24.0 26.0 26.5 ( 8 ) % ( % ) ( 2 ) % ( % )
average terminal dwell time ( hours ) 30.3 27.1 26.2 12 % ( % ) 3 % ( % )
gross ton-miles ( billions ) 1014.9 949.1 959.3 7 % ( % ) ( 1 ) % ( % )
revenue ton-miles ( billions ) 549.6 514.3 521.1 7 % ( % ) ( 1 ) % ( % )
operating ratio 63.5 66.1 67.8 ( 2.6 ) pts ( 1.7 ) pts
employees ( average ) 47201 46445 45928 2 % ( % ) 1 % ( % ) | add(26.0, 7%) | 26.07 |
what is the percent of the square foot in millions of owned facilities in the other countries to the of the total owned facilities | Context: ['item 1b .', 'unresolved staff comments not applicable .', 'item 2 .', 'properties as of december 26 , 2015 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '30.7 17.2 47.9 leased facilities2 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '2.1 6.0 8.1 .']
####
Table:
( square feet in millions ) | unitedstates | othercountries | total
----------|----------|----------|----------
owned facilities1 | 30.7 | 17.2 | 47.9
leased facilities2 | 2.1 | 6.0 | 8.1
total facilities | 32.8 | 23.2 | 56.0
####
Additional Information: ['1 leases on portions of the land used for these facilities expire on varying dates through 2062 .', '2 leases expire on varying dates through 2030 and generally include renewals at our option .', 'our principal executive offices are located in the u.s .', 'and a majority of our wafer fabrication activities are also located in the u.s .', 'we completed construction of development fabrication facilities in oregon during 2014 that we expect will enable us to maintain our process technology lead .', 'we also completed construction of a large-scale fabrication building in arizona in 2013 .', 'a portion of the new oregon and arizona facilities are currently not in use and we are reserving the new buildings for additional capacity and future technologies .', 'incremental construction and equipment installation are required to ready the facilities for their intended use .', 'our massachusetts fabrication facility was our last manufacturing facility on 200mm wafers and ceased production in q1 2015 .', 'outside the u.s. , we have wafer fabrication facilities in ireland , israel , and china .', 'our fabrication facility in ireland has transitioned to our 14nm process technology , with manufacturing continuing to ramp in 2016 .', 'additionally , in the second half of 2016 , we will start using our facility in dalian , china to help expand our manufacturing capacity in next-generation memory .', 'our assembly and test facilities are located in malaysia , china , and vietnam .', 'in addition , we have sales and marketing offices worldwide that are generally located near major concentrations of customers .', 'we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it .', 'we do not identify or allocate assets by operating segment .', 'for information on net property , plant and equipment by country , see 201cnote 26 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k .', 'item 3 .', 'legal proceedings for a discussion of legal proceedings , see 201cnote 25 : contingencies 201d in part ii , item 8 of this form 10-k .', 'item 4 .', 'mine safety disclosures not applicable. .'] | 0.35908 | INTC/2015/page_41.pdf-3 | ['item 1b .', 'unresolved staff comments not applicable .', 'item 2 .', 'properties as of december 26 , 2015 , our major facilities consisted of : ( square feet in millions ) united states countries total owned facilities1 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '30.7 17.2 47.9 leased facilities2 .', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '.', '2.1 6.0 8.1 .'] | ['1 leases on portions of the land used for these facilities expire on varying dates through 2062 .', '2 leases expire on varying dates through 2030 and generally include renewals at our option .', 'our principal executive offices are located in the u.s .', 'and a majority of our wafer fabrication activities are also located in the u.s .', 'we completed construction of development fabrication facilities in oregon during 2014 that we expect will enable us to maintain our process technology lead .', 'we also completed construction of a large-scale fabrication building in arizona in 2013 .', 'a portion of the new oregon and arizona facilities are currently not in use and we are reserving the new buildings for additional capacity and future technologies .', 'incremental construction and equipment installation are required to ready the facilities for their intended use .', 'our massachusetts fabrication facility was our last manufacturing facility on 200mm wafers and ceased production in q1 2015 .', 'outside the u.s. , we have wafer fabrication facilities in ireland , israel , and china .', 'our fabrication facility in ireland has transitioned to our 14nm process technology , with manufacturing continuing to ramp in 2016 .', 'additionally , in the second half of 2016 , we will start using our facility in dalian , china to help expand our manufacturing capacity in next-generation memory .', 'our assembly and test facilities are located in malaysia , china , and vietnam .', 'in addition , we have sales and marketing offices worldwide that are generally located near major concentrations of customers .', 'we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it .', 'we do not identify or allocate assets by operating segment .', 'for information on net property , plant and equipment by country , see 201cnote 26 : operating segments and geographic information 201d in part ii , item 8 of this form 10-k .', 'item 3 .', 'legal proceedings for a discussion of legal proceedings , see 201cnote 25 : contingencies 201d in part ii , item 8 of this form 10-k .', 'item 4 .', 'mine safety disclosures not applicable. .'] | ( square feet in millions ) | unitedstates | othercountries | total
----------|----------|----------|----------
owned facilities1 | 30.7 | 17.2 | 47.9
leased facilities2 | 2.1 | 6.0 | 8.1
total facilities | 32.8 | 23.2 | 56.0 | divide(17.2, 47.9) | 0.35908 |
considering the years 2012-2013 , what is the increase observed in the cash contributions to funded plans and benefit payments for unfunded plans? | Background: ['put options we currently have outstanding put option agreements with other shareholders of our air products san fu company , ltd .', 'and indura s.a .', 'subsidiaries .', 'the put options give the shareholders the right to sell stock in the subsidiaries based on pricing terms in the agreements .', 'refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information .', 'due to the uncertainty of whether these options would be exercised and the related timing , we excluded the potential payments from the contractual obligations table .', 'pension benefits we sponsor defined benefit pension plans that cover a substantial portion of our worldwide employees .', 'the principal defined benefit pension plans 2014the u.s .', 'salaried pension plan and the u.k .', 'pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans .', 'over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions .', 'for 2013 , the fair market value of pension plan assets for our defined benefit plans as of the measurement date increased to $ 3800.8 from $ 3239.1 in 2012 .', 'the projected benefit obligation for these plans as of the measurement date was $ 4394.0 and $ 4486.5 in 2013 and 2012 , respectively .', 'refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .', 'pension expense .']
Table:
• , 2013, 2012, 2011
• pension expense, $ 169.7, $ 120.4, $ 114.1
• special terminations settlements and curtailments ( included above ), 19.8, 8.2, 1.3
• weighted average discount rate, 4.0% ( 4.0 % ), 5.0% ( 5.0 % ), 5.0% ( 5.0 % )
• weighted average expected rate of return on plan assets, 7.7% ( 7.7 % ), 8.0% ( 8.0 % ), 8.0% ( 8.0 % )
• weighted average expected rate of compensation increase, 3.8% ( 3.8 % ), 3.9% ( 3.9 % ), 4.0% ( 4.0 % )
Additional Information: ['2013 vs .', '2012 the increase in pension expense , excluding special items , was primarily attributable to the 100 bp decrease in weighted average discount rate , resulting in higher amortization of actuarial losses .', 'the increase was partially offset by a higher expected return on plan assets and contributions in 2013 .', 'special items of $ 19.8 primarily included $ 12.4 for pension settlement losses and $ 6.9 for special termination benefits relating to the 2013 business restructuring and cost reduction plan .', '2012 vs .', '2011 pension expense in 2012 , excluding special items , was comparable to 2011 expense as a result of no change in the weighted average discount rate from year to year .', '2014 outlook pension expense is estimated to be approximately $ 140 to $ 145 , excluding special items , in 2014 , a decrease of $ 5 to $ 10 from 2013 , resulting primarily from an increase in discount rates , partially offset by unfavorable impacts associated with changes in mortality and inflation assumptions .', 'pension settlement losses of $ 10 to $ 25 are expected , dependent on the timing of retirements .', 'in 2014 , pension expense will include approximately $ 118 for amortization of actuarial losses compared to $ 143 in 2013 .', 'net actuarial gains of $ 370.4 were recognized in 2013 , resulting primarily from an approximately 65 bp increase in the weighted average discount rate as well as actual asset returns above expected returns .', 'actuarial gains/losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses .', 'future changes in the discount rate and actual returns on plan assets , different from expected returns , would impact the actuarial gains/losses and resulting amortization in years beyond 2014 .', 'pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans .', 'with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses .', 'in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions .', 'with the assistance of third party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions .', 'during 2013 and 2012 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 300.8 and $ 76.4 , respectively .', 'contributions for 2013 include voluntary contributions for u.s .', 'plans of $ 220.0. .'] | 293.71728 | APD/2013/page_44.pdf-2 | ['put options we currently have outstanding put option agreements with other shareholders of our air products san fu company , ltd .', 'and indura s.a .', 'subsidiaries .', 'the put options give the shareholders the right to sell stock in the subsidiaries based on pricing terms in the agreements .', 'refer to note 17 , commitments and contingencies , to the consolidated financial statements for additional information .', 'due to the uncertainty of whether these options would be exercised and the related timing , we excluded the potential payments from the contractual obligations table .', 'pension benefits we sponsor defined benefit pension plans that cover a substantial portion of our worldwide employees .', 'the principal defined benefit pension plans 2014the u.s .', 'salaried pension plan and the u.k .', 'pension plan 2014were closed to new participants in 2005 and were replaced with defined contribution plans .', 'over the long run , the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions .', 'for 2013 , the fair market value of pension plan assets for our defined benefit plans as of the measurement date increased to $ 3800.8 from $ 3239.1 in 2012 .', 'the projected benefit obligation for these plans as of the measurement date was $ 4394.0 and $ 4486.5 in 2013 and 2012 , respectively .', 'refer to note 16 , retirement benefits , to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits .', 'pension expense .'] | ['2013 vs .', '2012 the increase in pension expense , excluding special items , was primarily attributable to the 100 bp decrease in weighted average discount rate , resulting in higher amortization of actuarial losses .', 'the increase was partially offset by a higher expected return on plan assets and contributions in 2013 .', 'special items of $ 19.8 primarily included $ 12.4 for pension settlement losses and $ 6.9 for special termination benefits relating to the 2013 business restructuring and cost reduction plan .', '2012 vs .', '2011 pension expense in 2012 , excluding special items , was comparable to 2011 expense as a result of no change in the weighted average discount rate from year to year .', '2014 outlook pension expense is estimated to be approximately $ 140 to $ 145 , excluding special items , in 2014 , a decrease of $ 5 to $ 10 from 2013 , resulting primarily from an increase in discount rates , partially offset by unfavorable impacts associated with changes in mortality and inflation assumptions .', 'pension settlement losses of $ 10 to $ 25 are expected , dependent on the timing of retirements .', 'in 2014 , pension expense will include approximately $ 118 for amortization of actuarial losses compared to $ 143 in 2013 .', 'net actuarial gains of $ 370.4 were recognized in 2013 , resulting primarily from an approximately 65 bp increase in the weighted average discount rate as well as actual asset returns above expected returns .', 'actuarial gains/losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses .', 'future changes in the discount rate and actual returns on plan assets , different from expected returns , would impact the actuarial gains/losses and resulting amortization in years beyond 2014 .', 'pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans .', 'with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses .', 'in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions .', 'with the assistance of third party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions .', 'during 2013 and 2012 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 300.8 and $ 76.4 , respectively .', 'contributions for 2013 include voluntary contributions for u.s .', 'plans of $ 220.0. .'] | • , 2013, 2012, 2011
• pension expense, $ 169.7, $ 120.4, $ 114.1
• special terminations settlements and curtailments ( included above ), 19.8, 8.2, 1.3
• weighted average discount rate, 4.0% ( 4.0 % ), 5.0% ( 5.0 % ), 5.0% ( 5.0 % )
• weighted average expected rate of return on plan assets, 7.7% ( 7.7 % ), 8.0% ( 8.0 % ), 8.0% ( 8.0 % )
• weighted average expected rate of compensation increase, 3.8% ( 3.8 % ), 3.9% ( 3.9 % ), 4.0% ( 4.0 % ) | divide(300.8, 76.4), multiply(#0, const_100), subtract(#1, const_100) | 293.71728 |
in 2005 what was industrial packaging the profit margin | Pre-text: ['tissue pulp due to strong market demand , partic- ularly from asia .', 'average sales price realizations improved significantly in 2007 , principally reflecting higher average prices for softwood , hardwood and fluff pulp .', 'operating earnings in 2007 were $ 104 mil- lion compared with $ 48 million in 2006 and $ 37 mil- lion in 2005 .', 'the benefits from higher sales price realizations were partially offset by increased input costs for energy , chemicals and freight .', 'entering the first quarter of 2008 , demand for market pulp remains strong , and average sales price realiza- tions should increase slightly .', 'however , input costs for energy , chemicals and freight are expected to be higher , and increased spending is anticipated for planned mill maintenance outages .', 'industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods pro- duction , as well as with demand for processed foods , poultry , meat and agricultural products .', 'in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing effi- ciency and product mix .', 'industrial packaging net sales for 2007 increased 6% ( 6 % ) to $ 5.2 billion compared with $ 4.9 bil- lion in 2006 , and 13% ( 13 % ) compared with $ 4.6 billion in 2005 .', 'operating profits in 2007 were 26% ( 26 % ) higher than in 2006 and more than double 2005 earnings .', 'bene- fits from improved price realizations ( $ 147 million ) , sales volume increases net of increased lack of order downtime ( $ 3 million ) , a more favorable mix ( $ 31 million ) , strong mill and converting operations ( $ 33 million ) and other costs ( $ 47 million ) were partially offset by the effects of higher raw material costs ( $ 76 million ) and higher freight costs ( $ 18 million ) .', 'in addition , a gain of $ 13 million was recognized in 2006 related to a sale of property in spain and costs of $ 52 million were incurred in 2007 related to the conversion of the paper machine at pensacola to production of lightweight linerboard .', 'the segment took 165000 tons of downtime in 2007 which included 16000 tons of market-related downtime compared with 135000 tons of downtime in 2006 of which none was market-related .', 'industrial packaging in millions 2007 2006 2005 .']
Table:
****************************************
in millions | 2007 | 2006 | 2005
----------|----------|----------|----------
sales | $ 5245 | $ 4925 | $ 4625
operating profit | $ 501 | $ 399 | $ 219
****************************************
Post-table: ['north american industrial packaging net sales for 2007 were $ 3.9 billion , compared with $ 3.7 billion in 2006 and $ 3.6 billion in 2005 .', 'operating profits in 2007 were $ 407 million , up from $ 327 mil- lion in 2006 and $ 170 million in 2005 .', 'containerboard shipments were higher in 2007 compared with 2006 , including production from the paper machine at pensacola that was converted to lightweight linerboard during 2007 .', 'average sales price realizations were significantly higher than in 2006 reflecting price increases announced early in 2006 and in the third quarter of 2007 .', 'margins improved reflecting stronger export demand .', 'manu- facturing performance was strong , although costs associated with planned mill maintenance outages were higher due to timing of outages .', 'raw material costs for wood , energy , chemicals and recycled fiber increased significantly .', 'operating results for 2007 were also unfavorably impacted by $ 52 million of costs associated with the conversion and startup of the pensacola paper machine .', 'u.s .', 'converting sales volumes were slightly lower in 2007 compared with 2006 reflecting softer customer box demand .', 'earnings improvement in 2007 bene- fited from the realization of box price increases announced in early 2006 and late 2007 .', 'favorable manufacturing operations and higher sales prices for waste fiber more than offset significantly higher raw material and freight costs .', 'looking ahead to the first quarter of 2008 , sales volumes are expected to increase slightly , and results should benefit from a full-quarter impact of the price increases announced in the third quarter of 2007 .', 'however , additional mill maintenance outages are planned for the first quarter , and freight and input costs are expected to rise , particularly for wood and energy .', 'manufacturing operations should be favorable compared with the fourth quarter .', 'european industrial packaging net sales for 2007 were $ 1.1 billion , up from $ 1.0 billion in 2006 and $ 880 million in 2005 .', 'sales volumes were about flat as early stronger demand in the industrial segment weakened in the second half of the year .', 'operating profits in 2007 were $ 88 million compared with $ 69 million in 2006 and $ 53 million in 2005 .', 'sales margins improved reflecting increased sales prices for boxes .', 'conversion costs were favorable as the result of manufacturing improvement programs .', 'entering the first quarter of 2008 , sales volumes should be strong seasonally across all regions as the winter fruit and vegetable season continues .', 'profit margins , however , are expected to be somewhat lower. .'] | 0.04735 | IP/2007/page_31.pdf-4 | ['tissue pulp due to strong market demand , partic- ularly from asia .', 'average sales price realizations improved significantly in 2007 , principally reflecting higher average prices for softwood , hardwood and fluff pulp .', 'operating earnings in 2007 were $ 104 mil- lion compared with $ 48 million in 2006 and $ 37 mil- lion in 2005 .', 'the benefits from higher sales price realizations were partially offset by increased input costs for energy , chemicals and freight .', 'entering the first quarter of 2008 , demand for market pulp remains strong , and average sales price realiza- tions should increase slightly .', 'however , input costs for energy , chemicals and freight are expected to be higher , and increased spending is anticipated for planned mill maintenance outages .', 'industrial packaging demand for industrial packaging products is closely correlated with non-durable industrial goods pro- duction , as well as with demand for processed foods , poultry , meat and agricultural products .', 'in addition to prices and volumes , major factors affecting the profitability of industrial packaging are raw material and energy costs , freight costs , manufacturing effi- ciency and product mix .', 'industrial packaging net sales for 2007 increased 6% ( 6 % ) to $ 5.2 billion compared with $ 4.9 bil- lion in 2006 , and 13% ( 13 % ) compared with $ 4.6 billion in 2005 .', 'operating profits in 2007 were 26% ( 26 % ) higher than in 2006 and more than double 2005 earnings .', 'bene- fits from improved price realizations ( $ 147 million ) , sales volume increases net of increased lack of order downtime ( $ 3 million ) , a more favorable mix ( $ 31 million ) , strong mill and converting operations ( $ 33 million ) and other costs ( $ 47 million ) were partially offset by the effects of higher raw material costs ( $ 76 million ) and higher freight costs ( $ 18 million ) .', 'in addition , a gain of $ 13 million was recognized in 2006 related to a sale of property in spain and costs of $ 52 million were incurred in 2007 related to the conversion of the paper machine at pensacola to production of lightweight linerboard .', 'the segment took 165000 tons of downtime in 2007 which included 16000 tons of market-related downtime compared with 135000 tons of downtime in 2006 of which none was market-related .', 'industrial packaging in millions 2007 2006 2005 .'] | ['north american industrial packaging net sales for 2007 were $ 3.9 billion , compared with $ 3.7 billion in 2006 and $ 3.6 billion in 2005 .', 'operating profits in 2007 were $ 407 million , up from $ 327 mil- lion in 2006 and $ 170 million in 2005 .', 'containerboard shipments were higher in 2007 compared with 2006 , including production from the paper machine at pensacola that was converted to lightweight linerboard during 2007 .', 'average sales price realizations were significantly higher than in 2006 reflecting price increases announced early in 2006 and in the third quarter of 2007 .', 'margins improved reflecting stronger export demand .', 'manu- facturing performance was strong , although costs associated with planned mill maintenance outages were higher due to timing of outages .', 'raw material costs for wood , energy , chemicals and recycled fiber increased significantly .', 'operating results for 2007 were also unfavorably impacted by $ 52 million of costs associated with the conversion and startup of the pensacola paper machine .', 'u.s .', 'converting sales volumes were slightly lower in 2007 compared with 2006 reflecting softer customer box demand .', 'earnings improvement in 2007 bene- fited from the realization of box price increases announced in early 2006 and late 2007 .', 'favorable manufacturing operations and higher sales prices for waste fiber more than offset significantly higher raw material and freight costs .', 'looking ahead to the first quarter of 2008 , sales volumes are expected to increase slightly , and results should benefit from a full-quarter impact of the price increases announced in the third quarter of 2007 .', 'however , additional mill maintenance outages are planned for the first quarter , and freight and input costs are expected to rise , particularly for wood and energy .', 'manufacturing operations should be favorable compared with the fourth quarter .', 'european industrial packaging net sales for 2007 were $ 1.1 billion , up from $ 1.0 billion in 2006 and $ 880 million in 2005 .', 'sales volumes were about flat as early stronger demand in the industrial segment weakened in the second half of the year .', 'operating profits in 2007 were $ 88 million compared with $ 69 million in 2006 and $ 53 million in 2005 .', 'sales margins improved reflecting increased sales prices for boxes .', 'conversion costs were favorable as the result of manufacturing improvement programs .', 'entering the first quarter of 2008 , sales volumes should be strong seasonally across all regions as the winter fruit and vegetable season continues .', 'profit margins , however , are expected to be somewhat lower. .'] | ****************************************
in millions | 2007 | 2006 | 2005
----------|----------|----------|----------
sales | $ 5245 | $ 4925 | $ 4625
operating profit | $ 501 | $ 399 | $ 219
**************************************** | divide(219, 4625) | 0.04735 |
by what total amount , from 2013 to 2014 , did total derivative receivable balances decrease or payable balances increase? | Pre-text: ['notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives .', 'cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty .', 'as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters .', 'an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value .', 'the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event .', 'the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk .', 'as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate .', '2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value .', 'the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm .', 'structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology .', '2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument .', 'as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty .', 'effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes .', 'the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs .', 'the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm .', 'upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib .', 'while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva .', 'the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. .']
######
Tabular Data:
****************************************
december 31 ( in millions ) | 2014 | 2013
----------|----------|----------
derivative receivables balance ( a ) | $ 78975 | $ 65759
derivative payables balance ( a ) | 71116 | 57314
derivatives cva ( b ) | -2674 ( 2674 ) | -2352 ( 2352 )
derivatives dva and fva ( b ) ( c ) | -380 ( 380 ) | -322 ( 322 )
structured notes balance ( a ) ( d ) | 53772 | 48808
structured notes dva and fva ( b ) ( e ) | 1152 | 952
****************************************
######
Post-table: ['derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva .', '( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances .', '( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively .', '( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option .', 'at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected .', 'for further information on these elections , see note 4 .', '( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. .'] | 5728.0 | JPM/2014/page_198.pdf-1 | ['notes to consolidated financial statements 196 jpmorgan chase & co./2014 annual report credit and funding adjustments when determining the fair value of an instrument , it may be necessary to record adjustments to the firm 2019s estimates of fair value in order to reflect counterparty credit quality , the firm 2019s own creditworthiness , and the impact of funding : 2022 credit valuation adjustments ( 201ccva 201d ) are taken to reflect the credit quality of a counterparty in the valuation of derivatives .', 'cva are necessary when the market price ( or parameter ) is not indicative of the credit quality of the counterparty .', 'as few classes of derivative contracts are listed on an exchange , derivative positions are predominantly valued using models that use as their basis observable market parameters .', 'an adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value .', 'the firm estimates derivatives cva using a scenario analysis to estimate the expected credit exposure across all of the firm 2019s positions with each counterparty , and then estimates losses as a result of a counterparty credit event .', 'the key inputs to this methodology are ( i ) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the firm 2019s credit exposure , such as collateral and legal rights of offset ; ( ii ) the probability of a default event occurring for each counterparty , as derived from observed or estimated cds spreads ; and ( iii ) estimated recovery rates implied by cds , adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in cds spreads , which generally reflect senior unsecured creditor risk .', 'as such , the firm estimates derivatives cva relative to the relevant benchmark interest rate .', '2022 dva is taken to reflect the credit quality of the firm in the valuation of liabilities measured at fair value .', 'the dva calculation methodology is generally consistent with the cva methodology described above and incorporates jpmorgan chase 2019s credit spread as observed through the cds market to estimate the probability of default and loss given default as a result of a systemic event affecting the firm .', 'structured notes dva is estimated using the current fair value of the structured note as the exposure amount , and is otherwise consistent with the derivative dva methodology .', '2022 the firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument .', 'as a result , the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap ( 201cois 201d ) rate given the underlying collateral agreement with the counterparty .', 'effective in 2013 , the firm implemented a fva framework to incorporate the impact of funding into its valuation estimates for uncollateralized ( including partially collateralized ) over- the-counter ( 201cotc 201d ) derivatives and structured notes .', 'the firm 2019s fva framework leverages its existing cva and dva calculation methodologies , and considers the fact that the firm 2019s own credit risk is a significant component of funding costs .', 'the key inputs are : ( i ) the expected funding requirements arising from the firm 2019s positions with each counterparty and collateral arrangements ; ( ii ) for assets , the estimated market funding cost in the principal market ; and ( iii ) for liabilities , the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the firm .', 'upon the implementation of the fva framework in 2013 , the firm recorded a one time $ 1.5 billion loss in principal transactions revenue that was recorded in the cib .', 'while the fva framework applies to both assets and liabilities , the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the firm 2019s own credit risk , which is a significant component of funding costs , was already incorporated in the valuation of liabilities through the application of dva .', 'the following table provides the credit and funding adjustments , excluding the effect of any associated hedging activities , reflected within the consolidated balance sheets as of the dates indicated. .'] | ['derivative receivables balance ( a ) $ 78975 $ 65759 derivative payables balance ( a ) 71116 57314 derivatives cva ( b ) ( 2674 ) ( 2352 ) derivatives dva and fva ( b ) ( c ) ( 380 ) ( 322 ) structured notes balance ( a ) ( d ) 53772 48808 structured notes dva and fva ( b ) ( e ) 1152 952 ( a ) balances are presented net of applicable cva and dva/fva .', '( b ) positive cva and dva/fva represent amounts that increased receivable balances or decreased payable balances ; negative cva and dva/fva represent amounts that decreased receivable balances or increased payable balances .', '( c ) at december 31 , 2014 and 2013 , included derivatives dva of $ 714 million and $ 715 million , respectively .', '( d ) structured notes are predominantly financial instruments containing embedded derivatives that are measured at fair value based on the firm 2019s election under the fair value option .', 'at december 31 , 2014 and 2013 , included $ 943 million and $ 1.1 billion , respectively , of financial instruments with no embedded derivative for which the fair value option has also been elected .', 'for further information on these elections , see note 4 .', '( e ) at december 31 , 2014 and 2013 , included structured notes dva of $ 1.4 billion and $ 1.4 billion , respectively. .'] | ****************************************
december 31 ( in millions ) | 2014 | 2013
----------|----------|----------
derivative receivables balance ( a ) | $ 78975 | $ 65759
derivative payables balance ( a ) | 71116 | 57314
derivatives cva ( b ) | -2674 ( 2674 ) | -2352 ( 2352 )
derivatives dva and fva ( b ) ( c ) | -380 ( 380 ) | -322 ( 322 )
structured notes balance ( a ) ( d ) | 53772 | 48808
structured notes dva and fva ( b ) ( e ) | 1152 | 952
**************************************** | add(2674, 2352), add(380, 322), add(#0, #1) | 5728.0 |
without the charge for the a/r securitization , what would cash flows provided by operating activities for all operations in 2010 have been ( in millions ) ? | Pre-text: ['page 24 of 100 financial condition , liquidity and capital resources cash flows and capital expenditures liquidity our primary sources of liquidity are cash provided by operating activities and external committed borrowings .', 'we believe that cash flows from operations and cash provided by short-term and committed revolver borrowings , when necessary , will be sufficient to meet our ongoing operating requirements , scheduled principal and interest payments on debt , dividend payments and anticipated capital expenditures .', 'the following summarizes our cash flows: .']
----
Tabular Data:
****************************************
( $ in millions ) | 2010 | 2009 | 2008
cash flows provided by ( used in ) operating activities including discontinued operations | $ 515.2 | $ 559.7 | $ 627.6
cash flows provided by ( used in ) investing activities including discontinued operations | -110.2 ( 110.2 ) | -581.4 ( 581.4 ) | -418.0 ( 418.0 )
cash flows provided by ( used in ) financing activities | -459.6 ( 459.6 ) | 100.8 | -205.5 ( 205.5 )
****************************************
----
Post-table: ['cash flows provided by operating activities in 2010 included a use of $ 250 million related to a change in accounting for our accounts receivable securitization program .', 'at december 31 , 2009 , the amount of accounts receivable sold under the securitization program was $ 250 million and , under the previous accounting guidance , this amount was presented in the consolidated balance sheet as a reduction of accounts receivable as a result of the true sale of receivables .', 'however , upon the company 2019s adoption of new prospective accounting guidance effective january 1 , 2010 , the amount of accounts receivable sold is not reflected as a reduction of accounts receivable on the balance sheet at december 31 , 2010 , resulting in a $ 250 million increase in accounts receivable and a corresponding working capital outflow from operating activities in the statement of cash flows .', 'there were no accounts receivable sold under the securitization program at december 31 , 2010 .', 'excluding the $ 250 million impact of additional accounts receivable from the change in accounting discussed above , cash flows provided by operations were $ 765.2 million in 2010 compared to $ 559.7 million in 2009 and $ 627.6 million in 2008 .', 'the significant improvement in 2010 was primarily due to higher earnings and favorable working capital changes , partially offset by higher pension funding .', 'lower operating cash flows in 2009 compared to 2008 were the result of working capital increases and higher pension funding and income tax payments during the year , offset by the payment of approximately $ 70 million to a customer for a legal settlement .', 'management performance measures the following financial measurements are on a non-u.s .', 'gaap basis and should be considered in connection with the consolidated financial statements within item 8 of this report .', 'non-u.s .', 'gaap measures should not be considered in isolation and should not be considered superior to , or a substitute for , financial measures calculated in accordance with u.s .', 'gaap .', 'a presentation of earnings in accordance with u.s .', 'gaap is available in item 8 of this report .', 'free cash flow management internally uses a free cash flow measure : ( 1 ) to evaluate the company 2019s operating results , ( 2 ) to plan stock buyback levels , ( 3 ) to evaluate strategic investments and ( 4 ) to evaluate the company 2019s ability to incur and service debt .', 'free cash flow is not a defined term under u.s .', 'gaap , and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures .', 'the company defines free cash flow as cash flow from operating activities less additions to property , plant and equipment ( capital spending ) .', 'free cash flow is typically derived directly from the company 2019s cash flow statements ; however , it may be adjusted for items that affect comparability between periods. .'] | 765.2 | BLL/2010/page_37.pdf-4 | ['page 24 of 100 financial condition , liquidity and capital resources cash flows and capital expenditures liquidity our primary sources of liquidity are cash provided by operating activities and external committed borrowings .', 'we believe that cash flows from operations and cash provided by short-term and committed revolver borrowings , when necessary , will be sufficient to meet our ongoing operating requirements , scheduled principal and interest payments on debt , dividend payments and anticipated capital expenditures .', 'the following summarizes our cash flows: .'] | ['cash flows provided by operating activities in 2010 included a use of $ 250 million related to a change in accounting for our accounts receivable securitization program .', 'at december 31 , 2009 , the amount of accounts receivable sold under the securitization program was $ 250 million and , under the previous accounting guidance , this amount was presented in the consolidated balance sheet as a reduction of accounts receivable as a result of the true sale of receivables .', 'however , upon the company 2019s adoption of new prospective accounting guidance effective january 1 , 2010 , the amount of accounts receivable sold is not reflected as a reduction of accounts receivable on the balance sheet at december 31 , 2010 , resulting in a $ 250 million increase in accounts receivable and a corresponding working capital outflow from operating activities in the statement of cash flows .', 'there were no accounts receivable sold under the securitization program at december 31 , 2010 .', 'excluding the $ 250 million impact of additional accounts receivable from the change in accounting discussed above , cash flows provided by operations were $ 765.2 million in 2010 compared to $ 559.7 million in 2009 and $ 627.6 million in 2008 .', 'the significant improvement in 2010 was primarily due to higher earnings and favorable working capital changes , partially offset by higher pension funding .', 'lower operating cash flows in 2009 compared to 2008 were the result of working capital increases and higher pension funding and income tax payments during the year , offset by the payment of approximately $ 70 million to a customer for a legal settlement .', 'management performance measures the following financial measurements are on a non-u.s .', 'gaap basis and should be considered in connection with the consolidated financial statements within item 8 of this report .', 'non-u.s .', 'gaap measures should not be considered in isolation and should not be considered superior to , or a substitute for , financial measures calculated in accordance with u.s .', 'gaap .', 'a presentation of earnings in accordance with u.s .', 'gaap is available in item 8 of this report .', 'free cash flow management internally uses a free cash flow measure : ( 1 ) to evaluate the company 2019s operating results , ( 2 ) to plan stock buyback levels , ( 3 ) to evaluate strategic investments and ( 4 ) to evaluate the company 2019s ability to incur and service debt .', 'free cash flow is not a defined term under u.s .', 'gaap , and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures .', 'the company defines free cash flow as cash flow from operating activities less additions to property , plant and equipment ( capital spending ) .', 'free cash flow is typically derived directly from the company 2019s cash flow statements ; however , it may be adjusted for items that affect comparability between periods. .'] | ****************************************
( $ in millions ) | 2010 | 2009 | 2008
cash flows provided by ( used in ) operating activities including discontinued operations | $ 515.2 | $ 559.7 | $ 627.6
cash flows provided by ( used in ) investing activities including discontinued operations | -110.2 ( 110.2 ) | -581.4 ( 581.4 ) | -418.0 ( 418.0 )
cash flows provided by ( used in ) financing activities | -459.6 ( 459.6 ) | 100.8 | -205.5 ( 205.5 )
**************************************** | add(515.2, 250) | 765.2 |
what was the difference in percentage total cumulative return on investment for united parcel service inc . compared to the s&p 500 index for the five years ended 12/31/06? | Background: ['shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates it by reference into such filing .', 'the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .', 'the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .', 'comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport .']
--------
Data Table:
****************************************
12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06
united parcel service inc . $ 100.00 $ 117.19 $ 140.49 $ 163.54 $ 146.35 $ 148.92
s&p 500 index $ 100.00 $ 77.90 $ 100.24 $ 111.15 $ 116.61 $ 135.02
dow jones transportation average $ 100.00 $ 88.52 $ 116.70 $ 149.06 $ 166.42 $ 182.76
****************************************
--------
Post-table: ['securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2006 regarding compensation plans under which our class a common stock is authorized for issuance .', 'these plans do not authorize the issuance of our class b common stock. .'] | 0.139 | UPS/2006/page_32.pdf-2 | ['shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates it by reference into such filing .', 'the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .', 'the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2001 in the s&p 500 index , the dow jones transportation average , and the class b common stock of united parcel service , inc .', 'comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 $ 180.00 $ 200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport .'] | ['securities authorized for issuance under equity compensation plans the following table provides information as of december 31 , 2006 regarding compensation plans under which our class a common stock is authorized for issuance .', 'these plans do not authorize the issuance of our class b common stock. .'] | ****************************************
12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06
united parcel service inc . $ 100.00 $ 117.19 $ 140.49 $ 163.54 $ 146.35 $ 148.92
s&p 500 index $ 100.00 $ 77.90 $ 100.24 $ 111.15 $ 116.61 $ 135.02
dow jones transportation average $ 100.00 $ 88.52 $ 116.70 $ 149.06 $ 166.42 $ 182.76
**************************************** | subtract(148.92, const_100), divide(#0, const_100), subtract(135.02, const_100), divide(#2, const_100), subtract(#1, #3) | 0.139 |
what percentage of the wholesale segment doors as of march 28 , 2015 where located in europe? | Pre-text: ["ralph lauren restaurants ralph lauren's restaurants translate mr .", "ralph lauren's distinctive vision into places to gather with family and friends to enjoy fine food .", 'in 1999 , the first rl restaurant opened , adjacent to the ralph lauren chicago store on michigan avenue .', 'this restaurant exemplifies the timeless design sensibility of ralph lauren\'s world and features classic american "city club" cuisine .', "in 2010 , ralph's was opened in the courtyard and converted stables of our paris store on the blvd .", 'saint germain .', "ralph's presents mr .", "lauren's favorite american classics in an elegant and glamorous french environment .", "in august 2014 , we opened ralph's coffee on the second floor of our polo flagship store in new york city , featuring private custom coffee roasts , sandwiches , and sweet treats .", 'the polo bar , adjacent to our new york city polo flagship store , opened in january 2015 with a menu dedicated to serving seasonal american classics in a setting that pays homage to the sophisticated equestrian heritage of the ralph lauren world .', 'our wholesale segment our wholesale segment sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops .', 'we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers .', 'as of the end of fiscal 2015 , our wholesale products were sold through approximately 13000 doors worldwide and we invested $ 48 million of capital in related shop-within-shops during fiscal 2015 , primarily in domestic and international department and specialty stores .', 'our products are also sold through the e-commerce sites of certain of our wholesale customers .', 'the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings .', "our collection brands 2014 ralph lauren women's collection and black label and men's purple label and black label 2014 are distributed worldwide through a limited number of premier fashion retailers .", 'department stores are our major wholesale customers in north america .', 'in latin america , our wholesale products are sold in department stores and specialty stores .', 'in europe , our wholesale sales are comprised of a varying mix of sales to both department stores and specialty stores , depending on the country .', 'in japan , our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores .', 'in the greater china and southeast asia region , australia , and new zealand , our wholesale products are sold mainly at mid and top-tier department stores .', 'we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east .', 'we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores .', 'worldwide wholesale distribution channels the following table presents the number of doors by geographic location in which products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 28 , 2015: .']
Table:
****************************************
location | number of doors
----------|----------
the americas ( a ) | 7308
europe ( b ) | 5311
asia ( c ) | 128
total | 12747
****************************************
Additional Information: ['( a ) includes the u.s. , canada , and latin america .', '( b ) includes the middle east .', '( c ) includes australia and new zealand .', 'we have three key wholesale customers that generate significant sales volume .', "during fiscal 2015 , sales to our largest wholesale customer , macy's , inc .", '( "macy\'s" ) , accounted for approximately 12% ( 12 % ) and 26% ( 26 % ) of our total net revenues and total wholesale net revenues , respectively .', "further , during fiscal 2015 , sales to our three largest wholesale customers , including macy's , accounted for approximately 24% ( 24 % ) and 52% ( 52 % ) of our total net revenues and total wholesale net revenues , respectively. ."] | 0.41665 | RL/2015/page_9.pdf-2 | ["ralph lauren restaurants ralph lauren's restaurants translate mr .", "ralph lauren's distinctive vision into places to gather with family and friends to enjoy fine food .", 'in 1999 , the first rl restaurant opened , adjacent to the ralph lauren chicago store on michigan avenue .', 'this restaurant exemplifies the timeless design sensibility of ralph lauren\'s world and features classic american "city club" cuisine .', "in 2010 , ralph's was opened in the courtyard and converted stables of our paris store on the blvd .", 'saint germain .', "ralph's presents mr .", "lauren's favorite american classics in an elegant and glamorous french environment .", "in august 2014 , we opened ralph's coffee on the second floor of our polo flagship store in new york city , featuring private custom coffee roasts , sandwiches , and sweet treats .", 'the polo bar , adjacent to our new york city polo flagship store , opened in january 2015 with a menu dedicated to serving seasonal american classics in a setting that pays homage to the sophisticated equestrian heritage of the ralph lauren world .', 'our wholesale segment our wholesale segment sells our products globally to leading upscale and certain mid-tier department stores , specialty stores , and golf and pro shops .', 'we have continued to focus on elevating our brand by improving in-store product assortment and presentation , as well as full-price sell-throughs to consumers .', 'as of the end of fiscal 2015 , our wholesale products were sold through approximately 13000 doors worldwide and we invested $ 48 million of capital in related shop-within-shops during fiscal 2015 , primarily in domestic and international department and specialty stores .', 'our products are also sold through the e-commerce sites of certain of our wholesale customers .', 'the primary product offerings sold through our wholesale channels of distribution include apparel , accessories , and home furnishings .', "our collection brands 2014 ralph lauren women's collection and black label and men's purple label and black label 2014 are distributed worldwide through a limited number of premier fashion retailers .", 'department stores are our major wholesale customers in north america .', 'in latin america , our wholesale products are sold in department stores and specialty stores .', 'in europe , our wholesale sales are comprised of a varying mix of sales to both department stores and specialty stores , depending on the country .', 'in japan , our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores .', 'in the greater china and southeast asia region , australia , and new zealand , our wholesale products are sold mainly at mid and top-tier department stores .', 'we also distribute our wholesale products to certain licensed stores operated by our partners in latin america , asia , europe , and the middle east .', 'we sell the majority of our excess and out-of-season products through secondary distribution channels worldwide , including our retail factory stores .', 'worldwide wholesale distribution channels the following table presents the number of doors by geographic location in which products distributed by our wholesale segment were sold to consumers in our primary channels of distribution as of march 28 , 2015: .'] | ['( a ) includes the u.s. , canada , and latin america .', '( b ) includes the middle east .', '( c ) includes australia and new zealand .', 'we have three key wholesale customers that generate significant sales volume .', "during fiscal 2015 , sales to our largest wholesale customer , macy's , inc .", '( "macy\'s" ) , accounted for approximately 12% ( 12 % ) and 26% ( 26 % ) of our total net revenues and total wholesale net revenues , respectively .', "further , during fiscal 2015 , sales to our three largest wholesale customers , including macy's , accounted for approximately 24% ( 24 % ) and 52% ( 52 % ) of our total net revenues and total wholesale net revenues , respectively. ."] | ****************************************
location | number of doors
----------|----------
the americas ( a ) | 7308
europe ( b ) | 5311
asia ( c ) | 128
total | 12747
**************************************** | divide(5311, 12747) | 0.41665 |
in 2015 what was the percent of the total operating revenue that was from chemical freight | Context: ['notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .', '1 .', 'nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .', 'our network includes 32070 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .', 'gateways and providing several corridors to key mexican gateways .', 'we own 26053 miles and operate on the remainder pursuant to trackage rights or leases .', 'we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .', 'export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .', 'the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .', 'although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .', 'the following table provides freight revenue by commodity group: .']
----
Table:
• millions, 2016, 2015, 2014
• agricultural products, $ 3625, $ 3581, $ 3777
• automotive, 2000, 2154, 2103
• chemicals, 3474, 3543, 3664
• coal, 2440, 3237, 4127
• industrial products, 3348, 3808, 4400
• intermodal, 3714, 4074, 4489
• total freight revenues, $ 18601, $ 20397, $ 22560
• other revenues, 1340, 1416, 1428
• total operating revenues, $ 19941, $ 21813, $ 23988
----
Additional Information: ['although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .', 'each of our commodity groups includes revenue from shipments to and from mexico .', 'included in the above table are freight revenues from our mexico business which amounted to $ 2.2 billion in 2016 , $ 2.2 billion in 2015 , and $ 2.3 billion in 2014 .', 'basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .', '( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .', '2 .', 'significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .', 'investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .', 'all intercompany transactions are eliminated .', 'we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .', 'cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .', 'accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .', 'the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .', 'receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .'] | 0.17421 | UNP/2016/page_52.pdf-2 | ['notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .', '1 .', 'nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .', 'our network includes 32070 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .', 'gateways and providing several corridors to key mexican gateways .', 'we own 26053 miles and operate on the remainder pursuant to trackage rights or leases .', 'we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .', 'export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .', 'the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .', 'although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .', 'the following table provides freight revenue by commodity group: .'] | ['although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .', 'each of our commodity groups includes revenue from shipments to and from mexico .', 'included in the above table are freight revenues from our mexico business which amounted to $ 2.2 billion in 2016 , $ 2.2 billion in 2015 , and $ 2.3 billion in 2014 .', 'basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .', '( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .', '2 .', 'significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .', 'investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .', 'all intercompany transactions are eliminated .', 'we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .', 'cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .', 'accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .', 'the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .', 'receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .'] | • millions, 2016, 2015, 2014
• agricultural products, $ 3625, $ 3581, $ 3777
• automotive, 2000, 2154, 2103
• chemicals, 3474, 3543, 3664
• coal, 2440, 3237, 4127
• industrial products, 3348, 3808, 4400
• intermodal, 3714, 4074, 4489
• total freight revenues, $ 18601, $ 20397, $ 22560
• other revenues, 1340, 1416, 1428
• total operating revenues, $ 19941, $ 21813, $ 23988 | divide(3474, 19941) | 0.17421 |
considering the years 2012 and 2013 , what is the increase observed in the balance at the end of the year? | Pre-text: ['earnings were remitted as dividends after payment of all deferred taxes .', 'as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates .', 'a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .']
----
Table:
========================================
Row 1: unrecognized tax benefits, 2013, 2012, 2011
Row 2: balance at beginning of year, $ 110.8, $ 126.4, $ 197.8
Row 3: additions for tax positions of the current year, 12.7, 44.5, 16.3
Row 4: additions for tax positions of prior years, 9.0, 2.3, 5.7
Row 5: reductions for tax positions of prior years, -.5 ( .5 ), -46.9 ( 46.9 ), -72.4 ( 72.4 )
Row 6: settlements, -1.4 ( 1.4 ), -11.0 ( 11.0 ), -15.6 ( 15.6 )
Row 7: statute of limitations expiration, -8.0 ( 8.0 ), -3.7 ( 3.7 ), -4.8 ( 4.8 )
Row 8: foreign currency translation, 1.7, -.8 ( .8 ), -.6 ( .6 )
Row 9: balance at end of year, $ 124.3, $ 110.8, $ 126.4
========================================
----
Post-table: ['at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized .', 'interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 .', 'our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively .', 'we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 .', 'in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination .', 'this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate .', 'as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements .', 'on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary .', 'as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 .', 'as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years .', 'during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business .', 'when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate .', 'for additional information , see note 3 , discontinued operations .', 'in the third quarter of 2011 , a u.s .', 'internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 .', 'this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s .', 'healthcare business .', 'we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months .', 'as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months .', 'however , quantification of an estimated range cannot be made at this time. .'] | 0.12184 | APD/2013/page_99.pdf-2 | ['earnings were remitted as dividends after payment of all deferred taxes .', 'as more than 90% ( 90 % ) of the undistributed earnings are in countries with a statutory tax rate of 24% ( 24 % ) or higher , we do not generate a disproportionate amount of taxable income in countries with very low tax rates .', 'a reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows: .'] | ['at 30 september 2013 and 2012 , we had $ 124.3 and $ 110.8 of unrecognized tax benefits , excluding interest and penalties , of which $ 63.1 and $ 56.9 , respectively , would impact the effective tax rate if recognized .', 'interest and penalties related to unrecognized tax benefits are recorded as a component of income tax expense and totaled $ 2.4 in 2013 , $ ( 26.1 ) in 2012 , and $ ( 2.4 ) in 2011 .', 'our accrued balance for interest and penalties was $ 8.1 and $ 7.2 in 2013 and 2012 , respectively .', 'we were challenged by the spanish tax authorities over income tax deductions taken by certain of our spanish subsidiaries during fiscal years 2005 20132011 .', 'in november 2011 , we reached a settlement with the spanish tax authorities for 20ac41.3 million ( $ 56 ) in resolution of all tax issues under examination .', 'this settlement increased our income tax expense for the fiscal year ended 30 september 2012 by $ 43.8 ( $ .20 per share ) and had a 3.3% ( 3.3 % ) impact on our effective tax rate .', 'as a result of this settlement , we recorded a reduction in unrecognized tax benefits of $ 6.4 for tax positions taken in prior years and $ 11.0 for settlements .', 'on 25 january 2012 , the spanish supreme court released its decision in favor of our spanish subsidiary related to certain tax transactions for years 1991 and 1992 , a period before we controlled this subsidiary .', 'as a result , in the second quarter of 2012 , we recorded a reduction in income tax expense of $ 58.3 ( $ .27 per share ) , resulting in a 4.4% ( 4.4 % ) reduction in our effective tax rate for the fiscal year ended 30 september 2012 .', 'as a result of this ruling , we recorded a reduction in unrecognized tax benefits of $ 38.3 for tax positions taken in prior years .', 'during the third quarter of 2012 , our unrecognized tax benefits increased $ 33.3 as a result of certain tax positions taken in conjunction with the disposition of our homecare business .', 'when resolved , these benefits will be recognized in 201cincome from discontinued operations , net of tax 201d on our consolidated income statements and will not impact our effective tax rate .', 'for additional information , see note 3 , discontinued operations .', 'in the third quarter of 2011 , a u.s .', 'internal revenue service audit over tax years 2007 and 2008 was completed , resulting in a decrease in unrecognized tax benefits of $ 36.0 and a favorable impact to earnings of $ 23.9 .', 'this included a tax benefit of $ 8.9 ( $ .04 per share ) recognized in income from discontinued operations for fiscal year 2011 , as it relates to the previously divested u.s .', 'healthcare business .', 'we are also currently under examination in a number of tax jurisdictions , some of which may be resolved in the next twelve months .', 'as a result , it is reasonably possible that a change in the unrecognized tax benefits may occur during the next twelve months .', 'however , quantification of an estimated range cannot be made at this time. .'] | ========================================
Row 1: unrecognized tax benefits, 2013, 2012, 2011
Row 2: balance at beginning of year, $ 110.8, $ 126.4, $ 197.8
Row 3: additions for tax positions of the current year, 12.7, 44.5, 16.3
Row 4: additions for tax positions of prior years, 9.0, 2.3, 5.7
Row 5: reductions for tax positions of prior years, -.5 ( .5 ), -46.9 ( 46.9 ), -72.4 ( 72.4 )
Row 6: settlements, -1.4 ( 1.4 ), -11.0 ( 11.0 ), -15.6 ( 15.6 )
Row 7: statute of limitations expiration, -8.0 ( 8.0 ), -3.7 ( 3.7 ), -4.8 ( 4.8 )
Row 8: foreign currency translation, 1.7, -.8 ( .8 ), -.6 ( .6 )
Row 9: balance at end of year, $ 124.3, $ 110.8, $ 126.4
======================================== | divide(124.3, 110.8), subtract(#0, const_1) | 0.12184 |
what is the total mw capacity of the boiling water reactors? | Background: ['part i item 1 entergy corporation , utility operating companies , and system energy including the continued effectiveness of the clean energy standards/zero emissions credit program ( ces/zec ) , the establishment of certain long-term agreements on acceptable terms with the energy research and development authority of the state of new york in connection with the ces/zec program , and nypsc approval of the transaction on acceptable terms , entergy refueled the fitzpatrick plant in january and february 2017 .', 'in october 2015 , entergy determined that it would close the pilgrim plant .', 'the decision came after management 2019s extensive analysis of the economics and operating life of the plant following the nrc 2019s decision in september 2015 to place the plant in its 201cmultiple/repetitive degraded cornerstone column 201d ( column 4 ) of its reactor oversight process action matrix .', 'the pilgrim plant is expected to cease operations on may 31 , 2019 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .', 'in december 2015 , entergy wholesale commodities closed on the sale of its 583 mw rhode island state energy center ( risec ) , in johnston , rhode island .', 'the base sales price , excluding adjustments , was approximately $ 490 million .', 'entergy wholesale commodities purchased risec for $ 346 million in december 2011 .', 'in december 2016 , entergy announced that it reached an agreement with consumers energy to terminate the ppa for the palisades plant on may 31 , 2018 .', 'pursuant to the ppa termination agreement , consumers energy will pay entergy $ 172 million for the early termination of the ppa .', 'the ppa termination agreement is subject to regulatory approvals .', 'separately , and assuming regulatory approvals are obtained for the ppa termination agreement , entergy intends to shut down the palisades nuclear power plant permanently on october 1 , 2018 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .', 'entergy expects to enter into a new ppa with consumers energy under which the plant would continue to operate through october 1 , 2018 .', 'in january 2017 , entergy announced that it reached a settlement with new york state to shut down indian point 2 by april 30 , 2020 and indian point 3 by april 30 , 2021 , and resolve all new york state-initiated legal challenges to indian point 2019s operating license renewal .', 'as part of the settlement , new york state has agreed to issue indian point 2019s water quality certification and coastal zone management act consistency certification and to withdraw its objection to license renewal before the nrc .', 'new york state also has agreed to issue a water discharge permit , which is required regardless of whether the plant is seeking a renewed nrc license .', 'the shutdowns are conditioned , among other things , upon such actions being taken by new york state .', 'even without opposition , the nrc license renewal process is expected to continue at least into 2018 .', 'with the settlement concerning indian point , entergy now has announced plans for the disposition of all of the entergy wholesale commodities nuclear power plants , including the sales of vermont yankee and fitzpatrick , and the earlier than previously expected shutdowns of pilgrim , palisades , indian point 2 , and indian point 3 .', 'see 201centergy wholesale commodities exit from the merchant power business 201d for further discussion .', 'property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service year acquired location capacity - reactor type license expiration .']
Tabular Data:
• power plant, market, in service year, acquired, location, capacity - reactor type, license expiration date
• pilgrim ( a ), is0-ne, 1972, july 1999, plymouth ma, 688 mw - boiling water, 2032 ( a )
• fitzpatrick ( b ), nyiso, 1975, nov . 2000, oswego ny, 838 mw - boiling water, 2034 ( b )
• indian point 3 ( c ), nyiso, 1976, nov . 2000, buchanan ny, 1041 mw - pressurized water, 2015 ( c )
• indian point 2 ( c ), nyiso, 1974, sept . 2001, buchanan ny, 1028 mw - pressurized water, 2013 ( c )
• vermont yankee ( d ), is0-ne, 1972, july 2002, vernon vt, 605 mw - boiling water, 2032 ( d )
• palisades ( e ), miso, 1971, apr . 2007, covert mi, 811 mw - pressurized water, 2031 ( e )
Post-table: ['.'] | 2131.0 | ETR/2016/page_267.pdf-2 | ['part i item 1 entergy corporation , utility operating companies , and system energy including the continued effectiveness of the clean energy standards/zero emissions credit program ( ces/zec ) , the establishment of certain long-term agreements on acceptable terms with the energy research and development authority of the state of new york in connection with the ces/zec program , and nypsc approval of the transaction on acceptable terms , entergy refueled the fitzpatrick plant in january and february 2017 .', 'in october 2015 , entergy determined that it would close the pilgrim plant .', 'the decision came after management 2019s extensive analysis of the economics and operating life of the plant following the nrc 2019s decision in september 2015 to place the plant in its 201cmultiple/repetitive degraded cornerstone column 201d ( column 4 ) of its reactor oversight process action matrix .', 'the pilgrim plant is expected to cease operations on may 31 , 2019 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .', 'in december 2015 , entergy wholesale commodities closed on the sale of its 583 mw rhode island state energy center ( risec ) , in johnston , rhode island .', 'the base sales price , excluding adjustments , was approximately $ 490 million .', 'entergy wholesale commodities purchased risec for $ 346 million in december 2011 .', 'in december 2016 , entergy announced that it reached an agreement with consumers energy to terminate the ppa for the palisades plant on may 31 , 2018 .', 'pursuant to the ppa termination agreement , consumers energy will pay entergy $ 172 million for the early termination of the ppa .', 'the ppa termination agreement is subject to regulatory approvals .', 'separately , and assuming regulatory approvals are obtained for the ppa termination agreement , entergy intends to shut down the palisades nuclear power plant permanently on october 1 , 2018 , after refueling in the spring of 2017 and operating through the end of that fuel cycle .', 'entergy expects to enter into a new ppa with consumers energy under which the plant would continue to operate through october 1 , 2018 .', 'in january 2017 , entergy announced that it reached a settlement with new york state to shut down indian point 2 by april 30 , 2020 and indian point 3 by april 30 , 2021 , and resolve all new york state-initiated legal challenges to indian point 2019s operating license renewal .', 'as part of the settlement , new york state has agreed to issue indian point 2019s water quality certification and coastal zone management act consistency certification and to withdraw its objection to license renewal before the nrc .', 'new york state also has agreed to issue a water discharge permit , which is required regardless of whether the plant is seeking a renewed nrc license .', 'the shutdowns are conditioned , among other things , upon such actions being taken by new york state .', 'even without opposition , the nrc license renewal process is expected to continue at least into 2018 .', 'with the settlement concerning indian point , entergy now has announced plans for the disposition of all of the entergy wholesale commodities nuclear power plants , including the sales of vermont yankee and fitzpatrick , and the earlier than previously expected shutdowns of pilgrim , palisades , indian point 2 , and indian point 3 .', 'see 201centergy wholesale commodities exit from the merchant power business 201d for further discussion .', 'property nuclear generating stations entergy wholesale commodities includes the ownership of the following nuclear power plants : power plant market service year acquired location capacity - reactor type license expiration .'] | ['.'] | • power plant, market, in service year, acquired, location, capacity - reactor type, license expiration date
• pilgrim ( a ), is0-ne, 1972, july 1999, plymouth ma, 688 mw - boiling water, 2032 ( a )
• fitzpatrick ( b ), nyiso, 1975, nov . 2000, oswego ny, 838 mw - boiling water, 2034 ( b )
• indian point 3 ( c ), nyiso, 1976, nov . 2000, buchanan ny, 1041 mw - pressurized water, 2015 ( c )
• indian point 2 ( c ), nyiso, 1974, sept . 2001, buchanan ny, 1028 mw - pressurized water, 2013 ( c )
• vermont yankee ( d ), is0-ne, 1972, july 2002, vernon vt, 605 mw - boiling water, 2032 ( d )
• palisades ( e ), miso, 1971, apr . 2007, covert mi, 811 mw - pressurized water, 2031 ( e ) | add(688, 838), add(#0, 605) | 2131.0 |
what was the change in the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments between 2007 and 2006? | Background: ['table of contents related to mac os x version 10.6 snow leopard and excluded from r&d expense , while r&d expense for 2007 excluded $ 75 million of capitalized software development costs related to mac os x leopard and iphone .', 'although total r&d expense increased 42% ( 42 % ) during 2008 , it remained relatively flat as a percentage of net sales given the 35% ( 35 % ) increase in revenue during 2008 .', 'the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy .', 'as such , the company expects to increase spending in r&d to remain competitive .', 'expenditures for r&d increased 10% ( 10 % ) or $ 70 million to $ 782 million in 2007 compared to 2006 .', 'the increases in r&d expense were due primarily to an increase in r&d headcount in 2007 to support expanded r&d activities , partially offset by one less week of expenses in the first quarter of 2007 and the capitalized software development costs mentioned above .', 'selling , general , and administrative expense ( 201csg&a 201d ) expenditures for sg&a increased $ 798 million or 27% ( 27 % ) to $ 3.8 billion in 2008 compared to 2007 .', 'these increases are due primarily to higher stock-based compensation expenses , higher variable selling expenses resulting from the significant year-over-year increase in total net sales and the company 2019s continued expansion of its retail segment in both domestic and international markets .', 'in addition , the company incurred higher spending on marketing and advertising during 2008 compared to 2007 .', 'expenditures for sg&a increased $ 530 million or 22% ( 22 % ) during 2007 compared to 2006 .', 'the increase was due primarily to higher direct and indirect channel variable selling expenses resulting from the significant year-over-year increase in total net sales in 2007 , the company 2019s continued expansion of its retail segment in both domestic and international markets , and higher spending on marketing and advertising , partially offset by one less week of expenses in the first quarter of 2007 .', 'other income and expense other income and expense for the three fiscal years ended september 27 , 2008 , are as follows ( in millions ) : total other income and expense increased $ 21 million to $ 620 million during 2008 as compared to $ 599 million and $ 365 million in 2007 and 2006 , respectively .', 'while the company 2019s cash , cash equivalents and short-term investment balances increased by 59% ( 59 % ) in 2008 , other income and expense increased only 4% ( 4 % ) due to the decline in the weighted average interest rate earned of 3.44% ( 3.44 % ) .', 'the overall increase in other income and expense is attributable to the company 2019s higher cash and short-term investment balances , which more than offset the decline in interest rates during 2008 as compared to 2007 .', 'the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments was 5.27% ( 5.27 % ) and 4.58% ( 4.58 % ) during 2007 and 2006 , respectively .', 'during 2008 , 2007 and 2006 , the company had no debt outstanding and accordingly did not incur any related interest expense .', 'provision for income taxes the company 2019s effective tax rates were 30% ( 30 % ) for the years ended september 27 , 2008 and september 29 , 2007 , and 29% ( 29 % ) for the year ended september 30 , 2006 .', 'the company 2019s effective rates differ from the statutory federal income tax rate of 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s .', 'taxes are provided because such earnings are intended to be indefinitely reinvested outside the as of september 27 , 2008 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.1 billion before being offset against certain deferred liabilities for presentation on the company 2019s balance sheet .', 'management believes it is more likely than not that forecasted income , including .']
##
Tabular Data:
****************************************
Row 1: , 2008, 2007, 2006
Row 2: interest income, $ 653, $ 647, $ 394
Row 3: other income ( expense ) net, -33 ( 33 ), -48 ( 48 ), -29 ( 29 )
Row 4: total other income and expense, $ 620, $ 599, $ 365
****************************************
##
Post-table: ['.'] | 0.69 | AAPL/2008/page_50.pdf-1 | ['table of contents related to mac os x version 10.6 snow leopard and excluded from r&d expense , while r&d expense for 2007 excluded $ 75 million of capitalized software development costs related to mac os x leopard and iphone .', 'although total r&d expense increased 42% ( 42 % ) during 2008 , it remained relatively flat as a percentage of net sales given the 35% ( 35 % ) increase in revenue during 2008 .', 'the company continues to believe that focused investments in r&d are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the company 2019s core business strategy .', 'as such , the company expects to increase spending in r&d to remain competitive .', 'expenditures for r&d increased 10% ( 10 % ) or $ 70 million to $ 782 million in 2007 compared to 2006 .', 'the increases in r&d expense were due primarily to an increase in r&d headcount in 2007 to support expanded r&d activities , partially offset by one less week of expenses in the first quarter of 2007 and the capitalized software development costs mentioned above .', 'selling , general , and administrative expense ( 201csg&a 201d ) expenditures for sg&a increased $ 798 million or 27% ( 27 % ) to $ 3.8 billion in 2008 compared to 2007 .', 'these increases are due primarily to higher stock-based compensation expenses , higher variable selling expenses resulting from the significant year-over-year increase in total net sales and the company 2019s continued expansion of its retail segment in both domestic and international markets .', 'in addition , the company incurred higher spending on marketing and advertising during 2008 compared to 2007 .', 'expenditures for sg&a increased $ 530 million or 22% ( 22 % ) during 2007 compared to 2006 .', 'the increase was due primarily to higher direct and indirect channel variable selling expenses resulting from the significant year-over-year increase in total net sales in 2007 , the company 2019s continued expansion of its retail segment in both domestic and international markets , and higher spending on marketing and advertising , partially offset by one less week of expenses in the first quarter of 2007 .', 'other income and expense other income and expense for the three fiscal years ended september 27 , 2008 , are as follows ( in millions ) : total other income and expense increased $ 21 million to $ 620 million during 2008 as compared to $ 599 million and $ 365 million in 2007 and 2006 , respectively .', 'while the company 2019s cash , cash equivalents and short-term investment balances increased by 59% ( 59 % ) in 2008 , other income and expense increased only 4% ( 4 % ) due to the decline in the weighted average interest rate earned of 3.44% ( 3.44 % ) .', 'the overall increase in other income and expense is attributable to the company 2019s higher cash and short-term investment balances , which more than offset the decline in interest rates during 2008 as compared to 2007 .', 'the weighted average interest rate earned by the company on its cash , cash equivalents , and short-term investments was 5.27% ( 5.27 % ) and 4.58% ( 4.58 % ) during 2007 and 2006 , respectively .', 'during 2008 , 2007 and 2006 , the company had no debt outstanding and accordingly did not incur any related interest expense .', 'provision for income taxes the company 2019s effective tax rates were 30% ( 30 % ) for the years ended september 27 , 2008 and september 29 , 2007 , and 29% ( 29 % ) for the year ended september 30 , 2006 .', 'the company 2019s effective rates differ from the statutory federal income tax rate of 35% ( 35 % ) due primarily to certain undistributed foreign earnings for which no u.s .', 'taxes are provided because such earnings are intended to be indefinitely reinvested outside the as of september 27 , 2008 , the company had deferred tax assets arising from deductible temporary differences , tax losses , and tax credits of $ 2.1 billion before being offset against certain deferred liabilities for presentation on the company 2019s balance sheet .', 'management believes it is more likely than not that forecasted income , including .'] | ['.'] | ****************************************
Row 1: , 2008, 2007, 2006
Row 2: interest income, $ 653, $ 647, $ 394
Row 3: other income ( expense ) net, -33 ( 33 ), -48 ( 48 ), -29 ( 29 )
Row 4: total other income and expense, $ 620, $ 599, $ 365
**************************************** | subtract(5.27, 4.58) | 0.69 |
what percentage of total miles were other main line in 2015? | Pre-text: ['item 1b .', 'unresolved staff comments item 2 .', 'properties we employ a variety of assets in the management and operation of our rail business .', 'our rail network covers 23 states in the western two-thirds of the u.s .', 'our rail network includes 32084 route miles .', 'we own 26064 miles and operate on the remainder pursuant to trackage rights or leases .', 'the following table describes track miles at december 31 , 2015 and 2014. .']
Tabular Data:
----------------------------------------
, 2015, 2014
route, 32084, 31974
other main line, 7012, 6943
passing lines and turnouts, 3235, 3197
switching and classification yard lines, 9108, 9058
total miles, 51439, 51172
----------------------------------------
Follow-up: ['headquarters building we own our headquarters building in omaha , nebraska .', 'the facility has 1.2 million square feet of space for approximately 4000 employees. .'] | 0.13632 | UNP/2015/page_14.pdf-2 | ['item 1b .', 'unresolved staff comments item 2 .', 'properties we employ a variety of assets in the management and operation of our rail business .', 'our rail network covers 23 states in the western two-thirds of the u.s .', 'our rail network includes 32084 route miles .', 'we own 26064 miles and operate on the remainder pursuant to trackage rights or leases .', 'the following table describes track miles at december 31 , 2015 and 2014. .'] | ['headquarters building we own our headquarters building in omaha , nebraska .', 'the facility has 1.2 million square feet of space for approximately 4000 employees. .'] | ----------------------------------------
, 2015, 2014
route, 32084, 31974
other main line, 7012, 6943
passing lines and turnouts, 3235, 3197
switching and classification yard lines, 9108, 9058
total miles, 51439, 51172
---------------------------------------- | divide(7012, 51439) | 0.13632 |
was percentage of consumer packaging sales was due to foodservice net sales in 2004? | Context: ['entering 2006 , industrial packaging earnings are expected to improve significantly in the first quarter compared with the fourth quarter 2005 .', 'average price realizations should continue to benefit from price in- creases announced in late 2005 and early 2006 for linerboard and domestic boxes .', 'containerboard sales volumes are expected to drop slightly in the 2006 first quarter due to fewer shipping days , but growth is antici- pated for u.s .', 'converted products due to stronger de- mand .', 'costs for wood , freight and energy are expected to remain stable during the 2006 first quarter , approach- ing fourth quarter 2005 levels .', 'the continued im- plementation of the new supply chain model at our mills during 2006 will bring additional efficiency improve- ments and cost savings .', 'on a global basis , the european container operating results are expected to improve as a result of targeted market growth and cost reduction ini- tiatives , and we will begin seeing further contributions from our recent moroccan box plant acquisition and from international paper distribution limited .', 'consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and gen- eral economic activity .', 'in addition to prices and volumes , major factors affecting the profitability of con- sumer packaging are raw material and energy costs , manufacturing efficiency and product mix .', 'consumer packaging 2019s 2005 net sales of $ 2.6 bil- lion were flat compared with 2004 and 5% ( 5 % ) higher com- pared with 2003 .', 'operating profits in 2005 declined 22% ( 22 % ) from 2004 and 31% ( 31 % ) from 2003 as improved price realizations ( $ 46 million ) and favorable operations in the mills and converting operations ( $ 60 million ) could not overcome the impact of cost increases in energy , wood , polyethylene and other raw materials ( $ 120 million ) , lack-of-order downtime ( $ 13 million ) and other costs ( $ 8 million ) .', 'consumer packaging in millions 2005 2004 2003 .']
######
Table:
Row 1: in millions, 2005, 2004, 2003
Row 2: sales, $ 2590, $ 2605, $ 2465
Row 3: operating profit, $ 126, $ 161, $ 183
######
Follow-up: ['bleached board net sales of $ 864 million in 2005 were up from $ 842 million in 2004 and $ 751 million in 2003 .', 'the effects in 2005 of improved average price realizations and mill operating improvements were not enough to offset increased energy , wood , polyethylene and other raw material costs , a slight decrease in volume and increased lack-of-order downtime .', 'bleached board mills took 100000 tons of downtime in 2005 , including 65000 tons of lack-of-order downtime , compared with 40000 tons of downtime in 2004 , none of which was market related .', 'during 2005 , restructuring and manufacturing improvement plans were implemented to reduce costs and improve market alignment .', 'foodservice net sales were $ 437 million in 2005 compared with $ 480 million in 2004 and $ 460 million in 2003 .', 'average sales prices in 2005 were up 3% ( 3 % ) ; how- ever , domestic cup and lid sales volumes were 5% ( 5 % ) lower than in 2004 as a result of a rationalization of our cus- tomer base early in 2005 .', 'operating profits in 2005 in- creased 147% ( 147 % ) compared with 2004 , largely due to the settlement of a lawsuit and a favorable adjustment on the sale of the jackson , tennessee bag plant .', 'excluding unusual items , operating profits were flat as improved price realizations offset increased costs for bleached board and resin .', 'shorewood net sales of $ 691 million in 2005 were essentially flat with net sales in 2004 of $ 687 million , but were up compared with $ 665 million in 2003 .', 'operating profits in 2005 were 17% ( 17 % ) above 2004 levels and about equal to 2003 levels .', 'improved margins resulting from a rationalization of the customer mix and the effects of improved manufacturing operations , including the successful start up of our south korean tobacco operations , more than offset cost increases for board and paper and the impact of unfavorable foreign exchange rates in canada .', 'beverage packaging net sales were $ 597 million in 2005 , $ 595 million in 2004 and $ 589 million in 2003 .', 'average sale price realizations increased 2% ( 2 % ) compared with 2004 , principally the result of the pass-through of higher raw material costs , although the implementation of price increases continues to be impacted by com- petitive pressures .', 'operating profits were down 14% ( 14 % ) compared with 2004 and 19% ( 19 % ) compared with 2003 , due principally to increases in board and resin costs .', 'in 2006 , the bleached board market is expected to remain strong , with sales volumes increasing in the first quarter compared with the fourth quarter of 2005 for both folding carton and cup products .', 'improved price realizations are also expected for bleached board and in our foodservice and beverage packaging businesses , al- though continued high costs for energy , wood and resin will continue to negatively impact earnings .', 'shorewood should continue to benefit from strong asian operations and from targeted sales volume growth in 2006 .', 'capital improvements and operational excellence initiatives undertaken in 2005 should benefit operating results in 2006 for all businesses .', 'distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in many business segments .', 'customer demand is generally sensitive to changes in general economic conditions , although the .'] | 0.18426 | IP/2005/page_29.pdf-2 | ['entering 2006 , industrial packaging earnings are expected to improve significantly in the first quarter compared with the fourth quarter 2005 .', 'average price realizations should continue to benefit from price in- creases announced in late 2005 and early 2006 for linerboard and domestic boxes .', 'containerboard sales volumes are expected to drop slightly in the 2006 first quarter due to fewer shipping days , but growth is antici- pated for u.s .', 'converted products due to stronger de- mand .', 'costs for wood , freight and energy are expected to remain stable during the 2006 first quarter , approach- ing fourth quarter 2005 levels .', 'the continued im- plementation of the new supply chain model at our mills during 2006 will bring additional efficiency improve- ments and cost savings .', 'on a global basis , the european container operating results are expected to improve as a result of targeted market growth and cost reduction ini- tiatives , and we will begin seeing further contributions from our recent moroccan box plant acquisition and from international paper distribution limited .', 'consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and gen- eral economic activity .', 'in addition to prices and volumes , major factors affecting the profitability of con- sumer packaging are raw material and energy costs , manufacturing efficiency and product mix .', 'consumer packaging 2019s 2005 net sales of $ 2.6 bil- lion were flat compared with 2004 and 5% ( 5 % ) higher com- pared with 2003 .', 'operating profits in 2005 declined 22% ( 22 % ) from 2004 and 31% ( 31 % ) from 2003 as improved price realizations ( $ 46 million ) and favorable operations in the mills and converting operations ( $ 60 million ) could not overcome the impact of cost increases in energy , wood , polyethylene and other raw materials ( $ 120 million ) , lack-of-order downtime ( $ 13 million ) and other costs ( $ 8 million ) .', 'consumer packaging in millions 2005 2004 2003 .'] | ['bleached board net sales of $ 864 million in 2005 were up from $ 842 million in 2004 and $ 751 million in 2003 .', 'the effects in 2005 of improved average price realizations and mill operating improvements were not enough to offset increased energy , wood , polyethylene and other raw material costs , a slight decrease in volume and increased lack-of-order downtime .', 'bleached board mills took 100000 tons of downtime in 2005 , including 65000 tons of lack-of-order downtime , compared with 40000 tons of downtime in 2004 , none of which was market related .', 'during 2005 , restructuring and manufacturing improvement plans were implemented to reduce costs and improve market alignment .', 'foodservice net sales were $ 437 million in 2005 compared with $ 480 million in 2004 and $ 460 million in 2003 .', 'average sales prices in 2005 were up 3% ( 3 % ) ; how- ever , domestic cup and lid sales volumes were 5% ( 5 % ) lower than in 2004 as a result of a rationalization of our cus- tomer base early in 2005 .', 'operating profits in 2005 in- creased 147% ( 147 % ) compared with 2004 , largely due to the settlement of a lawsuit and a favorable adjustment on the sale of the jackson , tennessee bag plant .', 'excluding unusual items , operating profits were flat as improved price realizations offset increased costs for bleached board and resin .', 'shorewood net sales of $ 691 million in 2005 were essentially flat with net sales in 2004 of $ 687 million , but were up compared with $ 665 million in 2003 .', 'operating profits in 2005 were 17% ( 17 % ) above 2004 levels and about equal to 2003 levels .', 'improved margins resulting from a rationalization of the customer mix and the effects of improved manufacturing operations , including the successful start up of our south korean tobacco operations , more than offset cost increases for board and paper and the impact of unfavorable foreign exchange rates in canada .', 'beverage packaging net sales were $ 597 million in 2005 , $ 595 million in 2004 and $ 589 million in 2003 .', 'average sale price realizations increased 2% ( 2 % ) compared with 2004 , principally the result of the pass-through of higher raw material costs , although the implementation of price increases continues to be impacted by com- petitive pressures .', 'operating profits were down 14% ( 14 % ) compared with 2004 and 19% ( 19 % ) compared with 2003 , due principally to increases in board and resin costs .', 'in 2006 , the bleached board market is expected to remain strong , with sales volumes increasing in the first quarter compared with the fourth quarter of 2005 for both folding carton and cup products .', 'improved price realizations are also expected for bleached board and in our foodservice and beverage packaging businesses , al- though continued high costs for energy , wood and resin will continue to negatively impact earnings .', 'shorewood should continue to benefit from strong asian operations and from targeted sales volume growth in 2006 .', 'capital improvements and operational excellence initiatives undertaken in 2005 should benefit operating results in 2006 for all businesses .', 'distribution our distribution business , principally represented by our xpedx business , markets a diverse array of products and supply chain services to customers in many business segments .', 'customer demand is generally sensitive to changes in general economic conditions , although the .'] | Row 1: in millions, 2005, 2004, 2003
Row 2: sales, $ 2590, $ 2605, $ 2465
Row 3: operating profit, $ 126, $ 161, $ 183 | divide(480, 2605) | 0.18426 |
what was the percentage difference in natural gas marketed ( bcf ) between 2010 and 2011? | Pre-text: ['costs .', 'our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs .', 'in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 .', 'our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility .', 'the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins .', 'we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins .', 'we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges .', 'our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years .', 'as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 .', 'this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs .', 'operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees .', 'we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 .', 'given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero .', '2011 vs .', '2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities .', 'additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value .', 'because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings .', 'operating costs decreased due primarily to a decrease in ad valorem taxes .', 'selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: .']
####
Data Table:
****************************************
operating information, years ended december 31 , 2012, years ended december 31 , 2011, years ended december 31 , 2010
natural gas marketed ( bcf ), 709, 845, 919
natural gas gross margin ( $ /mcf ), $ -0.07 ( 0.07 ), $ 0.06, $ 0.18
physically settled volumes ( bcf ), 1433, 1724, 1874
****************************************
####
Additional Information: ['natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity .', 'the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity .', 'transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. .'] | -0.08052 | OKE/2012/page_91.pdf-1 | ['costs .', 'our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs .', 'in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 .', 'our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility .', 'the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins .', 'we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins .', 'we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges .', 'our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years .', 'as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 .', 'this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs .', 'operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees .', 'we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 .', 'given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero .', '2011 vs .', '2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities .', 'additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value .', 'because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings .', 'operating costs decreased due primarily to a decrease in ad valorem taxes .', 'selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: .'] | ['natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity .', 'the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity .', 'transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. .'] | ****************************************
operating information, years ended december 31 , 2012, years ended december 31 , 2011, years ended december 31 , 2010
natural gas marketed ( bcf ), 709, 845, 919
natural gas gross margin ( $ /mcf ), $ -0.07 ( 0.07 ), $ 0.06, $ 0.18
physically settled volumes ( bcf ), 1433, 1724, 1874
**************************************** | subtract(845, 919), divide(#0, 919) | -0.08052 |
what was the change in net interest margin between 2012 and 2011.? | Background: ['consolidated income statement review our consolidated income statement is presented in item 8 of this report .', 'net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 .', 'revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 .', 'further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review .', 'net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 .']
Table:
----------------------------------------
year ended december 31dollars in millions 2012 2011
net interest income $ 9640 $ 8700
net interest margin 3.94% ( 3.94 % ) 3.92% ( 3.92 % )
----------------------------------------
Follow-up: ['changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .', 'see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information .', 'the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs .', 'purchase accounting accretion remained stable at $ 1.1 billion in both periods .', 'the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 .', 'the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets .', 'the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources .', 'the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment .', 'with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries .', 'for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison .', 'we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues .', 'noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 .', 'the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations .', 'asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 .', 'this increase was primarily due to higher earnings from our blackrock investment .', 'discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance .', 'for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 .', 'the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth .', 'as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 .', 'this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition .', 'corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 .', 'the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities .', 'see the product revenue portion of this consolidated income statement review for further detail .', 'the pnc financial services group , inc .', '2013 form 10-k 39 .'] | 0.02 | PNC/2012/page_58.pdf-4 | ['consolidated income statement review our consolidated income statement is presented in item 8 of this report .', 'net income for 2012 was $ 3.0 billion compared with $ 3.1 billion for 2011 .', 'revenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011 .', 'further detail is included in the net interest income , noninterest income , provision for credit losses and noninterest expense portions of this consolidated income statement review .', 'net interest income table 2 : net interest income and net interest margin year ended december 31 dollars in millions 2012 2011 .'] | ['changes in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields , interest-bearing liabilities and related rates paid , and noninterest-bearing sources of funding .', 'see the statistical information ( unaudited ) 2013 average consolidated balance sheet and net interest analysis and analysis of year-to-year changes in net interest income in item 8 of this report and the discussion of purchase accounting accretion of purchased impaired loans in the consolidated balance sheet review in this item 7 for additional information .', 'the increase in net interest income in 2012 compared with 2011 was primarily due to the impact of the rbc bank ( usa ) acquisition , organic loan growth and lower funding costs .', 'purchase accounting accretion remained stable at $ 1.1 billion in both periods .', 'the net interest margin was 3.94% ( 3.94 % ) for 2012 and 3.92% ( 3.92 % ) for 2011 .', 'the increase in the comparison was primarily due to a decrease in the weighted-average rate accrued on total interest- bearing liabilities of 29 basis points , largely offset by a 21 basis point decrease on the yield on total interest-earning assets .', 'the decrease in the rate on interest-bearing liabilities was primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012 , in addition to an increase in fhlb borrowings and commercial paper as lower-cost funding sources .', 'the decrease in the yield on interest-earning assets was primarily due to lower rates on new loan volume and lower yields on new securities in the current low rate environment .', 'with respect to the first quarter of 2013 , we expect net interest income to decline by two to three percent compared to fourth quarter 2012 net interest income of $ 2.4 billion , due to a decrease in purchase accounting accretion of up to $ 50 to $ 60 million , including lower expected cash recoveries .', 'for the full year 2013 , we expect net interest income to decrease compared with 2012 , assuming an expected decline in purchase accounting accretion of approximately $ 400 million , while core net interest income is expected to increase in the year-over-year comparison .', 'we believe our net interest margin will come under pressure in 2013 , due to the expected decline in purchase accounting accretion and assuming that the current low rate environment continues .', 'noninterest income noninterest income totaled $ 5.9 billion for 2012 and $ 5.6 billion for 2011 .', 'the overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume , gains on sales of visa class b common shares and higher corporate service fees , largely offset by higher provision for residential mortgage repurchase obligations .', 'asset management revenue , including blackrock , totaled $ 1.2 billion in 2012 compared with $ 1.1 billion in 2011 .', 'this increase was primarily due to higher earnings from our blackrock investment .', 'discretionary assets under management increased to $ 112 billion at december 31 , 2012 compared with $ 107 billion at december 31 , 2011 driven by stronger average equity markets , positive net flows and strong sales performance .', 'for 2012 , consumer services fees were $ 1.1 billion compared with $ 1.2 billion in 2011 .', 'the decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth .', 'as further discussed in the retail banking portion of the business segments review section of this item 7 , the dodd-frank limits on interchange rates were effective october 1 , 2011 and had a negative impact on revenue of approximately $ 314 million in 2012 and $ 75 million in 2011 .', 'this impact was partially offset by higher volumes of merchant , customer credit card and debit card transactions and the impact of the rbc bank ( usa ) acquisition .', 'corporate services revenue increased by $ .3 billion , or 30 percent , to $ 1.2 billion in 2012 compared with $ .9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012 .', 'the major components of corporate services revenue are treasury management revenue , corporate finance fees , including revenue from capital markets-related products and services , and commercial mortgage servicing revenue , including commercial mortgage banking activities .', 'see the product revenue portion of this consolidated income statement review for further detail .', 'the pnc financial services group , inc .', '2013 form 10-k 39 .'] | ----------------------------------------
year ended december 31dollars in millions 2012 2011
net interest income $ 9640 $ 8700
net interest margin 3.94% ( 3.94 % ) 3.92% ( 3.92 % )
---------------------------------------- | subtract(3.94, 3.92) | 0.02 |
what is the mathematical range of the five different classes of units redeemed , in millions? | Background: ['kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined .', 'the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type .']
Data Table:
type | units redeemed | par value redeemed ( in millions ) | redemption type
----------|----------|----------|----------
preferred a units | 2200000 | $ 2.2 | cash
class a preferred units | 2000 | $ 20.0 | cash
class b-1 preferred units | 2438 | $ 24.4 | cash
class b-2 preferred units | 5576 | $ 55.8 | cash/charitable contribution
class c downreit units | 61804 | $ 1.9 | cash
Follow-up: ['noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively .', 'during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny .', 'included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions .', 'the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt .', 'the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 .', 'the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively .', 'during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company .', 'noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively .', 'noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny .', 'these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 .', 'the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock .', 'the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .'] | 2198000.0 | KIM/2010/page_94.pdf-4 | ['kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the units consisted of ( i ) approximately 81.8 million preferred a units par value $ 1.00 per unit , which pay the holder a return of 7.0% ( 7.0 % ) per annum on the preferred a par value and are redeemable for cash by the holder at any time after one year or callable by the company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% ( 10.0 % ) increase , ( ii ) 2000 class a preferred units , par value $ 10000 per unit , which pay the holder a return equal to libor plus 2.0% ( 2.0 % ) per annum on the class a preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , ( iii ) 2627 class b-1 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-1 preferred par value and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock , equal to the cash redemption amount , as defined , ( iv ) 5673 class b-2 preferred units , par value $ 10000 per unit , which pay the holder a return equal to 7.0% ( 7.0 % ) per annum on the class b-2 preferred par value and are redeemable for cash by the holder at any time after november 30 , 2010 , and ( v ) 640001 class c downreit units , valued at an issuance price of $ 30.52 per unit which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after november 30 , 2010 , for cash or at the company 2019s option , shares of the company 2019s common stock equal to the class c cash amount , as defined .', 'the following units have been redeemed as of december 31 , 2010 : redeemed par value redeemed ( in millions ) redemption type .'] | ['noncontrolling interest relating to the remaining units was $ 110.4 million and $ 113.1 million as of december 31 , 2010 and 2009 , respectively .', 'during 2006 , the company acquired two shopping center properties located in bay shore and centereach , ny .', 'included in noncontrolling interests was approximately $ 41.6 million , including a discount of $ 0.3 million and a fair market value adjustment of $ 3.8 million , in redeemable units ( the 201credeemable units 201d ) , issued by the company in connection with these transactions .', 'the prop- erties were acquired through the issuance of $ 24.2 million of redeemable units , which are redeemable at the option of the holder ; approximately $ 14.0 million of fixed rate redeemable units and the assumption of approximately $ 23.4 million of non-recourse debt .', 'the redeemable units consist of ( i ) 13963 class a units , par value $ 1000 per unit , which pay the holder a return of 5% ( 5 % ) per annum of the class a par value and are redeemable for cash by the holder at any time after april 3 , 2011 , or callable by the company any time after april 3 , 2016 , and ( ii ) 647758 class b units , valued at an issuance price of $ 37.24 per unit , which pay the holder a return at a rate equal to the company 2019s common stock dividend and are redeemable by the holder at any time after april 3 , 2007 , for cash or at the option of the company for common stock at a ratio of 1:1 , or callable by the company any time after april 3 , 2026 .', 'the company is restricted from disposing of these assets , other than through a tax free transaction , until april 2016 and april 2026 for the centereach , ny , and bay shore , ny , assets , respectively .', 'during 2007 , 30000 units , or $ 1.1 million par value , of theclass bunits were redeemed by the holder in cash at the option of the company .', 'noncontrolling interest relating to the units was $ 40.4 million and $ 40.3 million as of december 31 , 2010 and 2009 , respectively .', 'noncontrolling interests also includes 138015 convertible units issued during 2006 , by the company , which were valued at approxi- mately $ 5.3 million , including a fair market value adjustment of $ 0.3 million , related to an interest acquired in an office building located in albany , ny .', 'these units are redeemable at the option of the holder after one year for cash or at the option of the company for the company 2019s common stock at a ratio of 1:1 .', 'the holder is entitled to a distribution equal to the dividend rate of the company 2019s common stock .', 'the company is restricted from disposing of these assets , other than through a tax free transaction , until january 2017. .'] | type | units redeemed | par value redeemed ( in millions ) | redemption type
----------|----------|----------|----------
preferred a units | 2200000 | $ 2.2 | cash
class a preferred units | 2000 | $ 20.0 | cash
class b-1 preferred units | 2438 | $ 24.4 | cash
class b-2 preferred units | 5576 | $ 55.8 | cash/charitable contribution
class c downreit units | 61804 | $ 1.9 | cash | subtract(2200000, 2000) | 2198000.0 |
for the three months ended december 2003 what were the total sales proceeds for subsidiaries assets in millions? | Context: ['transaction and commercial issues in many of our businesses .', 'these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions .', 'the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows ; however , there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond .', 'asset sales during 2003 , we continued the initiative to sell all or part of certain of the company 2019s subsidiaries .', 'this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity .', 'the following chart details the asset sales that were closed during 2003 .', 'sales proceeds project name date completed ( in millions ) location .']
------
Data Table:
========================================
project name | date completed | sales proceeds ( in millions ) | location
cilcorp/medina valley | january 2003 | $ 495 | united states
aes ecogen/aes mt . stuart | january 2003 | $ 59 | australia
mountainview | march 2003 | $ 30 | united states
kelvin | march 2003 | $ 29 | south africa
songas | april 2003 | $ 94 | tanzania
aes barry limited | july 2003 | a340/$ 62 | united kingdom
aes haripur private ltd/aes meghnaghat ltd | december 2003 | $ 145 | bangladesh
aes mtkvari/aes khrami/aes telasi | august 2003 | $ 23 | republic of georgia
medway power limited/aes medway operations limited | november 2003 | a347/$ 78 | united kingdom
aes oasis limited | december 2003 | $ 150 | pakistan/oman
========================================
------
Follow-up: ['the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future .', 'however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet .', 'for any sales that happen in the future , there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries .', 'depending on which businesses are eventually sold , the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations .', 'furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve .', 'subsidiary restructuring during 2003 , we completed and initiated restructuring transactions for several of our south american businesses .', 'the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities .', 'businesses impacted include eletropaulo , tiete , uruguaiana and sul in brazil and gener in chile .', 'brazil eletropaulo .', 'aes has owned an interest in eletropaulo since april 1998 , when the company was privatized .', 'in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it .', 'aes financed a significant portion of the acquisition of eletropaulo , including both common and preferred shares , through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 ( 2018 2018bndes 2019 2019 ) , and its wholly-owned subsidiary , bndes participac 0327o 0303es s.a .', '( 2018 2018bndespar 2019 2019 ) , to aes 2019s subsidiaries , aes elpa s.a .', '( 2018 2018aes elpa 2019 2019 ) and aes transgas empreendimentos , s.a .', '( 2018 2018aes transgas 2019 2019 ) . .'] | 396.0 | AES/2003/page_52.pdf-2 | ['transaction and commercial issues in many of our businesses .', 'these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions .', 'the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows ; however , there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond .', 'asset sales during 2003 , we continued the initiative to sell all or part of certain of the company 2019s subsidiaries .', 'this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity .', 'the following chart details the asset sales that were closed during 2003 .', 'sales proceeds project name date completed ( in millions ) location .'] | ['the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future .', 'however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet .', 'for any sales that happen in the future , there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries .', 'depending on which businesses are eventually sold , the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations .', 'furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve .', 'subsidiary restructuring during 2003 , we completed and initiated restructuring transactions for several of our south american businesses .', 'the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities .', 'businesses impacted include eletropaulo , tiete , uruguaiana and sul in brazil and gener in chile .', 'brazil eletropaulo .', 'aes has owned an interest in eletropaulo since april 1998 , when the company was privatized .', 'in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it .', 'aes financed a significant portion of the acquisition of eletropaulo , including both common and preferred shares , through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 ( 2018 2018bndes 2019 2019 ) , and its wholly-owned subsidiary , bndes participac 0327o 0303es s.a .', '( 2018 2018bndespar 2019 2019 ) , to aes 2019s subsidiaries , aes elpa s.a .', '( 2018 2018aes elpa 2019 2019 ) and aes transgas empreendimentos , s.a .', '( 2018 2018aes transgas 2019 2019 ) . .'] | ========================================
project name | date completed | sales proceeds ( in millions ) | location
cilcorp/medina valley | january 2003 | $ 495 | united states
aes ecogen/aes mt . stuart | january 2003 | $ 59 | australia
mountainview | march 2003 | $ 30 | united states
kelvin | march 2003 | $ 29 | south africa
songas | april 2003 | $ 94 | tanzania
aes barry limited | july 2003 | a340/$ 62 | united kingdom
aes haripur private ltd/aes meghnaghat ltd | december 2003 | $ 145 | bangladesh
aes mtkvari/aes khrami/aes telasi | august 2003 | $ 23 | republic of georgia
medway power limited/aes medway operations limited | november 2003 | a347/$ 78 | united kingdom
aes oasis limited | december 2003 | $ 150 | pakistan/oman
======================================== | add(145, 23), add(#0, 78), add(#1, 150) | 396.0 |
what was the percentage change in research and development costs related to arcalyst ae from 2008 to 2009? | Context: ['we prepare estimates of research and development costs for projects in clinical development , which include direct costs and allocations of certain costs such as indirect labor , non-cash compensation expense , and manufacturing and other costs related to activities that benefit multiple projects , and , under our collaboration with bayer healthcare , the portion of bayer healthcare 2019s vegf trap-eye development expenses that we are obligated to reimburse .', 'our estimates of research and development costs for clinical development programs are shown below : project costs year ended december 31 , increase ( decrease ) ( in millions ) 2009 2008 .']
Data Table:
========================================
project costs ( in millions ) | project costs 2009 | 2008 | ( decrease )
----------|----------|----------|----------
arcalyst ae | $ 67.7 | $ 39.2 | $ 28.5
vegf trap-eye | 109.8 | 82.7 | 27.1
aflibercept | 23.3 | 32.1 | -8.8 ( 8.8 )
regn88 | 36.9 | 21.4 | 15.5
other antibody candidates in clinical development | 74.4 | 27.4 | 47.0
other research programs & unallocated costs | 86.7 | 72.1 | 14.6
total research and development expenses | $ 398.8 | $ 274.9 | $ 123.9
========================================
Additional Information: ['for the reasons described above in results of operations for the years ended december 31 , 2010 and 2009 , under the caption 201cresearch and development expenses 201d , and due to the variability in the costs necessary to develop a pharmaceutical product and the uncertainties related to future indications to be studied , the estimated cost and scope of the projects , and our ultimate ability to obtain governmental approval for commercialization , accurate and meaningful estimates of the total cost to bring our product candidates to market are not available .', 'similarly , we are currently unable to reasonably estimate if our product candidates will generate material product revenues and net cash inflows .', 'in 2008 , we received fda approval for arcalyst ae for the treatment of caps , a group of rare , inherited auto-inflammatory diseases that affect a very small group of people .', 'we currently do not expect to generate material product revenues and net cash inflows from the sale of arcalyst ae for the treatment of caps .', 'selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 52.9 million in 2009 from $ 48.9 million in 2008 .', 'in 2009 , we incurred ( i ) higher compensation expense , ( ii ) higher patent-related costs , ( iii ) higher facility-related costs due primarily to increases in administrative headcount , and ( iv ) higher patient assistance costs related to arcalyst ae .', 'these increases were partly offset by ( i ) lower marketing costs related to arcalyst ae , ( ii ) a decrease in administrative recruitment costs , and ( iii ) lower professional fees related to various corporate matters .', 'cost of goods sold during 2008 , we began recognizing revenue and cost of goods sold from net product sales of arcalyst ae .', 'cost of goods sold in 2009 and 2008 was $ 1.7 million and $ 0.9 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies .', 'in 2009 and 2008 , arcalyst ae shipments to our customers consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold .', 'other income and expense investment income decreased to $ 4.5 million in 2009 from $ 18.2 million in 2008 , due primarily to lower yields on , and lower balances of , cash and marketable securities .', 'in addition , in 2009 and 2008 , deterioration in the credit quality of specific marketable securities in our investment portfolio subjected us to the risk of not being able to recover these securities 2019 carrying values .', 'as a result , in 2009 and 2008 , we recognized charges of $ 0.1 million and $ 2.5 million , respectively , related to these securities , which we considered to be other than temporarily impaired .', 'in 2009 and 2008 , these charges were either wholly or partly offset by realized gains of $ 0.2 million and $ 1.2 million , respectively , on sales of marketable securities during the year. .'] | 0.72704 | REGN/2010/page_72.pdf-3 | ['we prepare estimates of research and development costs for projects in clinical development , which include direct costs and allocations of certain costs such as indirect labor , non-cash compensation expense , and manufacturing and other costs related to activities that benefit multiple projects , and , under our collaboration with bayer healthcare , the portion of bayer healthcare 2019s vegf trap-eye development expenses that we are obligated to reimburse .', 'our estimates of research and development costs for clinical development programs are shown below : project costs year ended december 31 , increase ( decrease ) ( in millions ) 2009 2008 .'] | ['for the reasons described above in results of operations for the years ended december 31 , 2010 and 2009 , under the caption 201cresearch and development expenses 201d , and due to the variability in the costs necessary to develop a pharmaceutical product and the uncertainties related to future indications to be studied , the estimated cost and scope of the projects , and our ultimate ability to obtain governmental approval for commercialization , accurate and meaningful estimates of the total cost to bring our product candidates to market are not available .', 'similarly , we are currently unable to reasonably estimate if our product candidates will generate material product revenues and net cash inflows .', 'in 2008 , we received fda approval for arcalyst ae for the treatment of caps , a group of rare , inherited auto-inflammatory diseases that affect a very small group of people .', 'we currently do not expect to generate material product revenues and net cash inflows from the sale of arcalyst ae for the treatment of caps .', 'selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 52.9 million in 2009 from $ 48.9 million in 2008 .', 'in 2009 , we incurred ( i ) higher compensation expense , ( ii ) higher patent-related costs , ( iii ) higher facility-related costs due primarily to increases in administrative headcount , and ( iv ) higher patient assistance costs related to arcalyst ae .', 'these increases were partly offset by ( i ) lower marketing costs related to arcalyst ae , ( ii ) a decrease in administrative recruitment costs , and ( iii ) lower professional fees related to various corporate matters .', 'cost of goods sold during 2008 , we began recognizing revenue and cost of goods sold from net product sales of arcalyst ae .', 'cost of goods sold in 2009 and 2008 was $ 1.7 million and $ 0.9 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies .', 'in 2009 and 2008 , arcalyst ae shipments to our customers consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold .', 'other income and expense investment income decreased to $ 4.5 million in 2009 from $ 18.2 million in 2008 , due primarily to lower yields on , and lower balances of , cash and marketable securities .', 'in addition , in 2009 and 2008 , deterioration in the credit quality of specific marketable securities in our investment portfolio subjected us to the risk of not being able to recover these securities 2019 carrying values .', 'as a result , in 2009 and 2008 , we recognized charges of $ 0.1 million and $ 2.5 million , respectively , related to these securities , which we considered to be other than temporarily impaired .', 'in 2009 and 2008 , these charges were either wholly or partly offset by realized gains of $ 0.2 million and $ 1.2 million , respectively , on sales of marketable securities during the year. .'] | ========================================
project costs ( in millions ) | project costs 2009 | 2008 | ( decrease )
----------|----------|----------|----------
arcalyst ae | $ 67.7 | $ 39.2 | $ 28.5
vegf trap-eye | 109.8 | 82.7 | 27.1
aflibercept | 23.3 | 32.1 | -8.8 ( 8.8 )
regn88 | 36.9 | 21.4 | 15.5
other antibody candidates in clinical development | 74.4 | 27.4 | 47.0
other research programs & unallocated costs | 86.7 | 72.1 | 14.6
total research and development expenses | $ 398.8 | $ 274.9 | $ 123.9
======================================== | divide(28.5, 39.2) | 0.72704 |
what is the percentage increase in base rent for danvers , massachusetts facility from the period 2010-2014 to 2014-2016? | Background: ['abiomed , inc .', 'and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 10 .', 'commitments and contingencies the following is a description of the company 2019s significant arrangements in which the company is a guarantor .', 'indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products .', 'the indemnifications contained within sales contracts usually do not include limits on the claims .', 'the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions .', 'the company enters into agreements with other companies in the ordinary course of business , typically with underwriters , contractors , clinical sites and customers that include indemnification provisions .', 'under these provisions the company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of its activities .', 'these indemnification provisions generally survive termination of the underlying agreement .', 'the maximum potential amount of future payments the company could be required to make under these indemnification provisions is unlimited .', 'abiomed has never incurred any material costs to defend lawsuits or settle claims related to these indemnification agreements .', 'as a result , the estimated fair value of these agreements is immaterial .', 'accordingly , the company has no liabilities recorded for these agreements as of march 31 , 2012 .', 'clinical study agreements 2014in the company 2019s clinical study agreements , abiomed has agreed to indemnify the participating institutions against losses incurred by them for claims related to any personal injury of subjects taking part in the study to the extent they relate to uses of the company 2019s devices in accordance with the clinical study agreement , the protocol for the device and abiomed 2019s instructions .', 'the indemnification provisions contained within the company 2019s clinical study agreements do not generally include limits on the claims .', 'the company has never incurred any material costs related to the indemnification provisions contained in its clinical study agreements .', 'facilities leases 2014the company rents its danvers , massachusetts facility under an operating lease agreement that expires on february 28 , 2016 .', 'monthly rent under the facility lease is as follows : 2022 the base rent for november 2008 through june 2010 was $ 40000 per month ; 2022 the base rent for july 2010 through february 2014 is $ 64350 per month ; and 2022 the base rent for march 2014 through february 2016 will be $ 66000 per month .', 'in addition , the company has certain rights to terminate the facility lease early , subject to the payment of a specified termination fee based on the timing of the termination , as further outlined in the lease amendment .', 'the company has a lease for its european headquarters in aachen , germany .', 'the lease payments are approximately 36000 20ac ( euro ) ( approximately u.s .', '$ 50000 at march 31 , 2012 exchange rates ) per month and the lease term expires in december 2012 .', 'in july 2008 , the company entered into a lease agreement providing for the lease of a 33000 square foot manufacturing facility in athlone , ireland .', 'the lease agreement was for a term of 25 years , commencing on july 18 , 2008 .', 'the company relocated the production equipment from its athlone , ireland manufacturing facility to its aachen and danvers facilities and fully vacated the athlone facility in the first quarter of fiscal 2011 .', 'in march 2011 , the company terminated the lease agreement and paid a termination fee of approximately $ 0.8 million as a result of the early termination of the lease .', 'total rent expense for the company 2019s operating leases included in the accompanying consolidated statements of operations approximated $ 1.6 million , $ 2.7 million and $ 2.2 million for the fiscal years ended march 31 , 2012 , 2011 , and 2010 , respectively .', 'future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2012 are approximately as follows : fiscal year ending march 31 , operating leases ( in $ 000s ) .']
####
Tabular Data:
****************************************
Row 1: fiscal year ending march 31,, operating leases ( in $ 000s )
Row 2: 2013, 1473
Row 3: 2014, 964
Row 4: 2015, 863
Row 5: 2016, 758
Row 6: 2017, 32
Row 7: thereafter, 128
Row 8: total future minimum lease payments, $ 4218
****************************************
####
Additional Information: ['.'] | 0.02564 | ABMD/2012/page_79.pdf-4 | ['abiomed , inc .', 'and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 10 .', 'commitments and contingencies the following is a description of the company 2019s significant arrangements in which the company is a guarantor .', 'indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products .', 'the indemnifications contained within sales contracts usually do not include limits on the claims .', 'the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions .', 'the company enters into agreements with other companies in the ordinary course of business , typically with underwriters , contractors , clinical sites and customers that include indemnification provisions .', 'under these provisions the company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of its activities .', 'these indemnification provisions generally survive termination of the underlying agreement .', 'the maximum potential amount of future payments the company could be required to make under these indemnification provisions is unlimited .', 'abiomed has never incurred any material costs to defend lawsuits or settle claims related to these indemnification agreements .', 'as a result , the estimated fair value of these agreements is immaterial .', 'accordingly , the company has no liabilities recorded for these agreements as of march 31 , 2012 .', 'clinical study agreements 2014in the company 2019s clinical study agreements , abiomed has agreed to indemnify the participating institutions against losses incurred by them for claims related to any personal injury of subjects taking part in the study to the extent they relate to uses of the company 2019s devices in accordance with the clinical study agreement , the protocol for the device and abiomed 2019s instructions .', 'the indemnification provisions contained within the company 2019s clinical study agreements do not generally include limits on the claims .', 'the company has never incurred any material costs related to the indemnification provisions contained in its clinical study agreements .', 'facilities leases 2014the company rents its danvers , massachusetts facility under an operating lease agreement that expires on february 28 , 2016 .', 'monthly rent under the facility lease is as follows : 2022 the base rent for november 2008 through june 2010 was $ 40000 per month ; 2022 the base rent for july 2010 through february 2014 is $ 64350 per month ; and 2022 the base rent for march 2014 through february 2016 will be $ 66000 per month .', 'in addition , the company has certain rights to terminate the facility lease early , subject to the payment of a specified termination fee based on the timing of the termination , as further outlined in the lease amendment .', 'the company has a lease for its european headquarters in aachen , germany .', 'the lease payments are approximately 36000 20ac ( euro ) ( approximately u.s .', '$ 50000 at march 31 , 2012 exchange rates ) per month and the lease term expires in december 2012 .', 'in july 2008 , the company entered into a lease agreement providing for the lease of a 33000 square foot manufacturing facility in athlone , ireland .', 'the lease agreement was for a term of 25 years , commencing on july 18 , 2008 .', 'the company relocated the production equipment from its athlone , ireland manufacturing facility to its aachen and danvers facilities and fully vacated the athlone facility in the first quarter of fiscal 2011 .', 'in march 2011 , the company terminated the lease agreement and paid a termination fee of approximately $ 0.8 million as a result of the early termination of the lease .', 'total rent expense for the company 2019s operating leases included in the accompanying consolidated statements of operations approximated $ 1.6 million , $ 2.7 million and $ 2.2 million for the fiscal years ended march 31 , 2012 , 2011 , and 2010 , respectively .', 'future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2012 are approximately as follows : fiscal year ending march 31 , operating leases ( in $ 000s ) .'] | ['.'] | ****************************************
Row 1: fiscal year ending march 31,, operating leases ( in $ 000s )
Row 2: 2013, 1473
Row 3: 2014, 964
Row 4: 2015, 863
Row 5: 2016, 758
Row 6: 2017, 32
Row 7: thereafter, 128
Row 8: total future minimum lease payments, $ 4218
**************************************** | subtract(66000, 64350), divide(#0, 64350) | 0.02564 |
what was the average purchase price of company repurchased shares in 2013? | Background: ['edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .', 'employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded .', 'the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value .', 'the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2014 , are expected to be paid ( in millions ) : .']
########
Table:
****************************************
2015 | $ 3.7
2016 | 5.5
2017 | 4.2
2018 | 4.2
2019 | 4.1
2020-2024 | 32.3
****************************************
########
Additional Information: ['as of december 31 , 2014 , expected employer contributions for 2015 are $ 5.8 million .', 'defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified 401 ( k ) and 1165 ( e ) plan , respectively .', 'in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan .', 'edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis .', 'edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis .', 'in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan .', 'edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis .', 'the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee .', 'matching contributions relating to edwards lifesciences employees were $ 12.8 million , $ 12.0 million , and $ 10.8 million in 2014 , 2013 , and 2012 , respectively .', 'the company also has nonqualified deferred compensation plans for a select group of employees .', 'the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant .', 'the amount accrued under these nonqualified plans was $ 28.7 million and $ 25.9 million at december 31 , 2014 and 2013 , respectively .', '13 .', 'common stock treasury stock in may 2013 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock from time to time until december 31 , 2016 .', 'in july 2014 , the board of directors approved a new stock repurchase program providing for an additional $ 750.0 million of repurchases without a specified end date .', 'stock repurchased under these programs will be used to offset obligations under the company 2019s employee stock option programs and reduce the total shares outstanding .', 'during 2014 , 2013 , and 2012 , the company repurchased 4.4 million , 6.8 million , and 4.0 million shares , respectively , at an aggregate cost of $ 300.9 million , $ 497.0 million , and $ 353.2 million , respectively , including shares purchased under the accelerated share repurchase ( 2018 2018asr 2019 2019 ) agreements described below and shares .'] | 73.08824 | EW/2014/page_88.pdf-2 | ['edwards lifesciences corporation notes to consolidated financial statements ( continued ) 12 .', 'employee benefit plans ( continued ) equity and debt securities are valued at fair value based on quoted market prices reported on the active markets on which the individual securities are traded .', 'the insurance contracts are valued at the cash surrender value of the contracts , which is deemed to approximate its fair value .', 'the following benefit payments , which reflect expected future service , as appropriate , at december 31 , 2014 , are expected to be paid ( in millions ) : .'] | ['as of december 31 , 2014 , expected employer contributions for 2015 are $ 5.8 million .', 'defined contribution plans the company 2019s employees in the united states and puerto rico are eligible to participate in a qualified 401 ( k ) and 1165 ( e ) plan , respectively .', 'in the united states , participants may contribute up to 25% ( 25 % ) of their eligible compensation ( subject to tax code limitation ) to the plan .', 'edwards lifesciences matches the first 3% ( 3 % ) of the participant 2019s annual eligible compensation contributed to the plan on a dollar-for-dollar basis .', 'edwards lifesciences matches the next 2% ( 2 % ) of the participant 2019s annual eligible compensation to the plan on a 50% ( 50 % ) basis .', 'in puerto rico , participants may contribute up to 25% ( 25 % ) of their annual compensation ( subject to tax code limitation ) to the plan .', 'edwards lifesciences matches the first 4% ( 4 % ) of participant 2019s annual eligible compensation contributed to the plan on a 50% ( 50 % ) basis .', 'the company also provides a 2% ( 2 % ) profit sharing contribution calculated on eligible earnings for each employee .', 'matching contributions relating to edwards lifesciences employees were $ 12.8 million , $ 12.0 million , and $ 10.8 million in 2014 , 2013 , and 2012 , respectively .', 'the company also has nonqualified deferred compensation plans for a select group of employees .', 'the plans provide eligible participants the opportunity to defer eligible compensation to future dates specified by the participant with a return based on investment alternatives selected by the participant .', 'the amount accrued under these nonqualified plans was $ 28.7 million and $ 25.9 million at december 31 , 2014 and 2013 , respectively .', '13 .', 'common stock treasury stock in may 2013 , the board of directors approved a stock repurchase program authorizing the company to purchase up to $ 750.0 million of the company 2019s common stock from time to time until december 31 , 2016 .', 'in july 2014 , the board of directors approved a new stock repurchase program providing for an additional $ 750.0 million of repurchases without a specified end date .', 'stock repurchased under these programs will be used to offset obligations under the company 2019s employee stock option programs and reduce the total shares outstanding .', 'during 2014 , 2013 , and 2012 , the company repurchased 4.4 million , 6.8 million , and 4.0 million shares , respectively , at an aggregate cost of $ 300.9 million , $ 497.0 million , and $ 353.2 million , respectively , including shares purchased under the accelerated share repurchase ( 2018 2018asr 2019 2019 ) agreements described below and shares .'] | ****************************************
2015 | $ 3.7
2016 | 5.5
2017 | 4.2
2018 | 4.2
2019 | 4.1
2020-2024 | 32.3
**************************************** | divide(497.0, 6.8) | 73.08824 |
what was the operating margin for space systems in 2001? | Context: ['lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 .']
Data Table:
----------------------------------------
( in millions ) 2002 2001 2000
net sales $ 7384 $ 6836 $ 7339
operating profit 443 360 345
----------------------------------------
Post-table: ['net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 .', 'the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million .', 'in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs .', 'the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 .', 'net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 .', 'the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million .', 'in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs .', 'there were six launches in 2001 compared to 14 launches in 2000 .', 'the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities .', 'these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 .', 'operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business .', 'reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 .', 'commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased .', 'in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts .', 'due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging .', 'during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 .', 'this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs .', 'the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million .', 'the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities .', 'operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 .', 'operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space .', 'in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs .', 'the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 .', 'in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities .', 'the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 .', 'these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts .', 'commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .'] | 0.05266 | LMT/2002/page_33.pdf-4 | ['lockheed martin corporation management 2019s discussion and analysis of financial condition and results of operations december 31 , 2002 space systems space systems 2019 operating results included the following : ( in millions ) 2002 2001 2000 .'] | ['net sales for space systems increased by 8% ( 8 % ) in 2002 compared to 2001 .', 'the increase in sales for 2002 resulted from higher volume in government space of $ 370 million and commercial space of $ 180 million .', 'in government space , increases of $ 470 million in government satellite programs and $ 130 million in ground systems activities more than offset volume declines of $ 175 million on government launch vehi- cles and $ 55 million on strategic missile programs .', 'the increase in commercial space sales is primarily attributable to an increase in launch vehicle activities , with nine commercial launches during 2002 compared to six in 2001 .', 'net sales for the segment decreased by 7% ( 7 % ) in 2001 com- pared to 2000 .', 'the decrease in sales for 2001 resulted from volume declines in commercial space of $ 560 million , which more than offset increases in government space of $ 60 million .', 'in commercial space , sales declined due to volume reductions of $ 480 million in commercial launch vehicle activities and $ 80 million in satellite programs .', 'there were six launches in 2001 compared to 14 launches in 2000 .', 'the increase in gov- ernment space resulted from a combined increase of $ 230 mil- lion related to higher volume on government satellite programs and ground systems activities .', 'these increases were partially offset by a $ 110 million decrease related to volume declines in government launch vehicle activity , primarily due to program maturities , and by $ 50 million due to the absence in 2001 of favorable adjustments recorded on the titan iv pro- gram in 2000 .', 'operating profit for the segment increased 23% ( 23 % ) in 2002 as compared to 2001 , mainly driven by the commercial space business .', 'reduced losses in commercial space during 2002 resulted in increased operating profit of $ 90 million when compared to 2001 .', 'commercial satellite manufacturing losses declined $ 100 million in 2002 as operating performance improved and satellite deliveries increased .', 'in the first quarter of 2001 , a $ 40 million loss provision was recorded on certain commercial satellite manufacturing contracts .', 'due to the industry-wide oversupply and deterioration of pricing in the commercial launch market , financial results on commercial launch vehicles continue to be challenging .', 'during 2002 , this trend led to a decline in operating profit of $ 10 million on commercial launch vehicles when compared to 2001 .', 'this decrease was primarily due to lower profitability of $ 55 mil- lion on the three additional launches in the current year , addi- tional charges of $ 60 million ( net of a favorable contract adjustment of $ 20 million ) for market and pricing pressures and included the adverse effect of a $ 35 million adjustment for commercial launch vehicle contract settlement costs .', 'the 2001 results also included charges for market and pricing pressures , which reduced that year 2019s operating profit by $ 145 million .', 'the $ 10 million decrease in government space 2019s operating profit for the year is primarily due to the reduced volume on government launch vehicles and strategic missile programs , which combined to decrease operating profit by $ 80 million , partially offset by increases of $ 40 million in government satellite programs and $ 30 million in ground systems activities .', 'operating profit for the segment increased by 4% ( 4 % ) in 2001 compared to 2000 .', 'operating profit increased in 2001 due to a $ 35 million increase in government space partially offset by higher year-over-year losses of $ 20 million in commercial space .', 'in government space , operating profit increased due to the impact of higher volume and improved performance in ground systems and government satellite programs .', 'the year- to-year comparison of operating profit was not affected by the $ 50 million favorable titan iv adjustment recorded in 2000 discussed above , due to a $ 55 million charge related to a more conservative assessment of government launch vehi- cle programs that was recorded in the fourth quarter of 2000 .', 'in commercial space , decreased operating profit of $ 15 mil- lion on launch vehicles more than offset lower losses on satel- lite manufacturing activities .', 'the commercial launch vehicle operating results included $ 60 million in higher charges for market and pricing pressures when compared to 2000 .', 'these negative adjustments were partially offset by $ 50 million of favorable contract adjustments on certain launch vehicle con- tracts .', 'commercial satellite manufacturing losses decreased slightly from 2000 and included the adverse impact of a $ 40 million loss provision recorded in the first quarter of 2001 for certain commercial satellite contracts related to schedule and technical issues. .'] | ----------------------------------------
( in millions ) 2002 2001 2000
net sales $ 7384 $ 6836 $ 7339
operating profit 443 360 345
---------------------------------------- | divide(360, 6836) | 0.05266 |
what is the expected increase in the pension expense's amortization of actuarial losses in 2020 , in comparison with 2019? | Context: ['pension expense .']
##########
Table:
========================================
• , 2019, 2018
• pension expense including special items noted below, $ 27.6, $ 91.8
• settlements termination benefits and curtailments ( "special items" ), 7.2, 48.9
• weighted average discount rate 2013 service cost, 3.4% ( 3.4 % ), 3.2% ( 3.2 % )
• weighted average discount rate 2013 interest cost, 3.4% ( 3.4 % ), 2.9% ( 2.9 % )
• weighted average expected rate of return on plan assets, 6.4% ( 6.4 % ), 6.9% ( 6.9 % )
• weighted average expected rate of compensation increase, 3.5% ( 3.5 % ), 3.5% ( 3.5 % )
========================================
##########
Follow-up: ['pension expense decreased from the prior year due to lower pension settlements , lower loss amortization , primarily from favorable asset experience and the impact of higher discount rates , partially offset by lower expected returns on assets .', 'special items ( settlements , termination benefits , and curtailments ) decreased from the prior year primarily due to lower pension settlement losses .', 'in fiscal year 2019 , special items of $ 7.2 included pension settlement losses of $ 6.4 , of which $ 5.0 was recorded during the second quarter and related to the u.s .', 'supplementary pension plan , and $ .8 of termination benefits .', 'these amounts are reflected within "other non- operating income ( expense ) , net" on the consolidated income statements .', 'in fiscal year 2018 , special items of $ 48.9 included a pension settlement loss of $ 43.7 primarily in connection with the transfer of certain pension assets and payment obligations for our u.s .', 'salaried and hourly plans to an insurer during the fourth quarter , $ 4.8 of pension settlement losses related to lump sum payouts from the u.s .', 'supplementary pension plan , and $ .4 of termination benefits .', 'u.k .', 'lloyds equalization ruling on 26 october 2018 , the united kingdom high court issued a ruling related to the equalization of pension plan participants 2019 benefits for the gender effects of guaranteed minimum pensions .', 'as a result of this ruling , we estimated the impact of retroactively increasing benefits in our u.k .', 'plan in accordance with the high court ruling .', 'we treated the additional benefits as a prior service cost , which resulted in an increase to our projected benefit obligation and accumulated other comprehensive loss of $ 4.7 during the first quarter of fiscal year 2019 .', 'we are amortizing this cost over the average remaining life expectancy of the u.k .', 'participants .', '2020 outlook in fiscal year 2020 , we expect pension expense to be approximately $ 5 to $ 20 , which includes expected pension settlement losses of $ 5 to $ 10 , depending on the timing of retirements .', 'the expected range reflects lower expected interest cost and higher total assets , partially offset by higher expected loss amortization primarily due to the impact of lower discount rates .', 'in fiscal year 2020 , we expect pension expense to include approximately $ 105 for amortization of actuarial losses .', 'in fiscal year 2019 , pension expense included amortization of actuarial losses of $ 76.2 .', 'net actuarial losses of $ 424.4 were recognized in accumulated other comprehensive income in fiscal year 2019 .', 'actuarial ( gains ) losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses .', 'future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial ( gains ) losses and resulting amortization in years beyond fiscal year 2020 .', 'pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans .', 'with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses .', 'in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions .', 'with the assistance of third-party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions .', 'during 2019 and 2018 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 40.2 and $ 68.3 , respectively .', 'for fiscal year 2020 , cash contributions to defined benefit plans are estimated to be $ 30 to $ 40 .', 'the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which are dependent upon the timing of retirements .', 'actual future contributions will depend on future funding legislation , discount rates , investment performance , plan design , and various other factors .', 'refer to the contractual obligations discussion on page 37 for a projection of future contributions. .'] | 0.37795 | APD/2019/page_53.pdf-1 | ['pension expense .'] | ['pension expense decreased from the prior year due to lower pension settlements , lower loss amortization , primarily from favorable asset experience and the impact of higher discount rates , partially offset by lower expected returns on assets .', 'special items ( settlements , termination benefits , and curtailments ) decreased from the prior year primarily due to lower pension settlement losses .', 'in fiscal year 2019 , special items of $ 7.2 included pension settlement losses of $ 6.4 , of which $ 5.0 was recorded during the second quarter and related to the u.s .', 'supplementary pension plan , and $ .8 of termination benefits .', 'these amounts are reflected within "other non- operating income ( expense ) , net" on the consolidated income statements .', 'in fiscal year 2018 , special items of $ 48.9 included a pension settlement loss of $ 43.7 primarily in connection with the transfer of certain pension assets and payment obligations for our u.s .', 'salaried and hourly plans to an insurer during the fourth quarter , $ 4.8 of pension settlement losses related to lump sum payouts from the u.s .', 'supplementary pension plan , and $ .4 of termination benefits .', 'u.k .', 'lloyds equalization ruling on 26 october 2018 , the united kingdom high court issued a ruling related to the equalization of pension plan participants 2019 benefits for the gender effects of guaranteed minimum pensions .', 'as a result of this ruling , we estimated the impact of retroactively increasing benefits in our u.k .', 'plan in accordance with the high court ruling .', 'we treated the additional benefits as a prior service cost , which resulted in an increase to our projected benefit obligation and accumulated other comprehensive loss of $ 4.7 during the first quarter of fiscal year 2019 .', 'we are amortizing this cost over the average remaining life expectancy of the u.k .', 'participants .', '2020 outlook in fiscal year 2020 , we expect pension expense to be approximately $ 5 to $ 20 , which includes expected pension settlement losses of $ 5 to $ 10 , depending on the timing of retirements .', 'the expected range reflects lower expected interest cost and higher total assets , partially offset by higher expected loss amortization primarily due to the impact of lower discount rates .', 'in fiscal year 2020 , we expect pension expense to include approximately $ 105 for amortization of actuarial losses .', 'in fiscal year 2019 , pension expense included amortization of actuarial losses of $ 76.2 .', 'net actuarial losses of $ 424.4 were recognized in accumulated other comprehensive income in fiscal year 2019 .', 'actuarial ( gains ) losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses .', 'future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial ( gains ) losses and resulting amortization in years beyond fiscal year 2020 .', 'pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans .', 'with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses .', 'in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions .', 'with the assistance of third-party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions .', 'during 2019 and 2018 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 40.2 and $ 68.3 , respectively .', 'for fiscal year 2020 , cash contributions to defined benefit plans are estimated to be $ 30 to $ 40 .', 'the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which are dependent upon the timing of retirements .', 'actual future contributions will depend on future funding legislation , discount rates , investment performance , plan design , and various other factors .', 'refer to the contractual obligations discussion on page 37 for a projection of future contributions. .'] | ========================================
• , 2019, 2018
• pension expense including special items noted below, $ 27.6, $ 91.8
• settlements termination benefits and curtailments ( "special items" ), 7.2, 48.9
• weighted average discount rate 2013 service cost, 3.4% ( 3.4 % ), 3.2% ( 3.2 % )
• weighted average discount rate 2013 interest cost, 3.4% ( 3.4 % ), 2.9% ( 2.9 % )
• weighted average expected rate of return on plan assets, 6.4% ( 6.4 % ), 6.9% ( 6.9 % )
• weighted average expected rate of compensation increase, 3.5% ( 3.5 % ), 3.5% ( 3.5 % )
======================================== | divide(105, 76.2), subtract(#0, const_1) | 0.37795 |
during 2011 , what were the net additions for unrecognized tax benefits for all years? | Context: ['fy 11 | 53 the company paid income taxes of $ 60515 , $ 42116 , and $ 62965 in 2011 , 2010 , and 2009 , respectively .', 'at june 30 , 2010 , the company had $ 7187 of unrecognized tax benefits .', 'at june 30 , 2011 , the company had $ 8897 of unrecognized tax benefits , of which , $ 6655 , if recognized , would affect our effective tax rate .', 'we had accrued interest and penalties of $ 1030 and $ 890 related to uncertain tax positions at june 30 , 2011 and 2010 , respectively .', 'a reconciliation of the unrecognized tax benefits for the years ended june 30 , 2011 and 2010 follows : unrecognized tax benefits .']
Tabular Data:
----------------------------------------
| unrecognized tax benefits
----------|----------
balance at july 1 2009 | $ 5518
additions for current year tax positions | 691
reductions for current year tax positions | -39 ( 39 )
additions for prior year tax positions | 2049
reductions for prior year tax positions | -298 ( 298 )
settlements | -
reductions related to expirations of statute of limitations | -734 ( 734 )
balance at june 30 2010 | 7187
additions for current year tax positions | 1338
reductions for current year tax positions | -
additions for prior year tax positions | 599
reductions for prior year tax positions | -
settlements | -
reductions related to expirations of statute of limitations | -227 ( 227 )
balance at june 30 2011 | $ 8897
----------------------------------------
Post-table: ['during the fiscal year ended june 30 , 2010 , the internal revenue service commenced an examination of the company 2019s u.s .', 'federal income tax returns for fiscal years ended june 2008 through 2009 that is anticipated to be completed by the end of calendar year 2011 .', 'at this time , it is anticipated that the examination will not result in a material change to the company 2019s financial position .', 'the u.s .', 'federal and state income tax returns for june 30 , 2008 and all subsequent years still remain subject to examination as of june 30 , 2011 under statute of limitations rules .', 'we anticipate potential changes resulting from our irs examination and expiration of statutes of limitations could reduce the unrecognized tax benefits balance by $ 3000 - $ 4000 within twelve months of june 30 , 2011 .', 'note 8 : industry and supplier concentrations the company sells its products to banks , credit unions , and financial institutions throughout the united states and generally does not require collateral .', 'all billings to customers are due 30 days from date of billing .', 'reserves ( which are insignificant at june 30 , 2011 , 2010 and 2009 ) are maintained for potential credit losses .', 'in addition , the company purchases most of its computer hardware and related maintenance for resale in relation to installation of jha software systems from two suppliers .', 'there are a limited number of hardware suppliers for these required items .', 'if these relationships were terminated , it could have a significant negative impact on the future operations of the company .', 'note 9 : stock based compensation plans our pre-tax operating income for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4723 , $ 3251 and $ 2272 of stock-based compensation costs , respectively .', 'total compensation cost for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4209 , $ 2347 , and $ 1620 relating to the restricted stock plan , respectively. .'] | 1937.0 | JKHY/2011/page_55.pdf-1 | ['fy 11 | 53 the company paid income taxes of $ 60515 , $ 42116 , and $ 62965 in 2011 , 2010 , and 2009 , respectively .', 'at june 30 , 2010 , the company had $ 7187 of unrecognized tax benefits .', 'at june 30 , 2011 , the company had $ 8897 of unrecognized tax benefits , of which , $ 6655 , if recognized , would affect our effective tax rate .', 'we had accrued interest and penalties of $ 1030 and $ 890 related to uncertain tax positions at june 30 , 2011 and 2010 , respectively .', 'a reconciliation of the unrecognized tax benefits for the years ended june 30 , 2011 and 2010 follows : unrecognized tax benefits .'] | ['during the fiscal year ended june 30 , 2010 , the internal revenue service commenced an examination of the company 2019s u.s .', 'federal income tax returns for fiscal years ended june 2008 through 2009 that is anticipated to be completed by the end of calendar year 2011 .', 'at this time , it is anticipated that the examination will not result in a material change to the company 2019s financial position .', 'the u.s .', 'federal and state income tax returns for june 30 , 2008 and all subsequent years still remain subject to examination as of june 30 , 2011 under statute of limitations rules .', 'we anticipate potential changes resulting from our irs examination and expiration of statutes of limitations could reduce the unrecognized tax benefits balance by $ 3000 - $ 4000 within twelve months of june 30 , 2011 .', 'note 8 : industry and supplier concentrations the company sells its products to banks , credit unions , and financial institutions throughout the united states and generally does not require collateral .', 'all billings to customers are due 30 days from date of billing .', 'reserves ( which are insignificant at june 30 , 2011 , 2010 and 2009 ) are maintained for potential credit losses .', 'in addition , the company purchases most of its computer hardware and related maintenance for resale in relation to installation of jha software systems from two suppliers .', 'there are a limited number of hardware suppliers for these required items .', 'if these relationships were terminated , it could have a significant negative impact on the future operations of the company .', 'note 9 : stock based compensation plans our pre-tax operating income for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4723 , $ 3251 and $ 2272 of stock-based compensation costs , respectively .', 'total compensation cost for the years ended june 30 , 2011 , 2010 and 2009 includes $ 4209 , $ 2347 , and $ 1620 relating to the restricted stock plan , respectively. .'] | ----------------------------------------
| unrecognized tax benefits
----------|----------
balance at july 1 2009 | $ 5518
additions for current year tax positions | 691
reductions for current year tax positions | -39 ( 39 )
additions for prior year tax positions | 2049
reductions for prior year tax positions | -298 ( 298 )
settlements | -
reductions related to expirations of statute of limitations | -734 ( 734 )
balance at june 30 2010 | 7187
additions for current year tax positions | 1338
reductions for current year tax positions | -
additions for prior year tax positions | 599
reductions for prior year tax positions | -
settlements | -
reductions related to expirations of statute of limitations | -227 ( 227 )
balance at june 30 2011 | $ 8897
---------------------------------------- | add(1338, 599) | 1937.0 |
what was the change in millions of operating income from 2016 to 2017? | Context: ['net revenues include $ 3.8 billion in 2017 and $ 739 million in 2016 related to the sale of rrps , mainly driven by japan .', 'these net revenue amounts include excise taxes billed to customers .', 'excluding excise taxes , net revenues for rrps were $ 3.6 billion in 2017 and $ 733 million in 2016 .', 'in some jurisdictions , including japan , we are not responsible for collecting excise taxes .', 'in 2017 , approximately $ 0.9 billion of our $ 3.6 billion in rrp net revenues , excluding excise taxes , were from iqos devices and accessories .', 'excise taxes on products increased by $ 1.1 billion , due to : 2022 higher excise taxes resulting from changes in retail prices and tax rates ( $ 4.6 billion ) , partially offset by 2022 favorable currency ( $ 1.9 billion ) and 2022 lower excise taxes resulting from volume/mix ( $ 1.6 billion ) .', 'our cost of sales ; marketing , administration and research costs ; and operating income were as follows : for the years ended december 31 , variance .']
##
Table:
----------------------------------------
( in millions ) | for the years ended december 31 , 2017 | for the years ended december 31 , 2016 | for the years ended december 31 , $ | % ( % )
cost of sales | $ 10432 | $ 9391 | $ 1041 | 11.1% ( 11.1 % )
marketing administration and research costs | 6725 | 6405 | 320 | 5.0% ( 5.0 % )
operating income | 11503 | 10815 | 688 | 6.4% ( 6.4 % )
----------------------------------------
##
Follow-up: ['cost of sales increased by $ 1.0 billion , due to : 2022 higher cost of sales resulting from volume/mix ( $ 1.1 billion ) , partly offset by 2022 lower manufacturing costs ( $ 36 million ) and 2022 favorable currency ( $ 30 million ) .', 'marketing , administration and research costs increased by $ 320 million , due to : 2022 higher expenses ( $ 570 million , largely reflecting increased investment behind reduced-risk products , predominately in the european union and asia ) , partly offset by 2022 favorable currency ( $ 250 million ) .', 'operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) .', 'interest expense , net , of $ 914 million increased by $ 23 million , due primarily to unfavorably currency and higher average debt levels , partly offset by higher interest income .', 'our effective tax rate increased by 12.8 percentage points to 40.7% ( 40.7 % ) .', 'the 2017 effective tax rate was unfavorably impacted by $ 1.6 billion due to the tax cuts and jobs act .', 'for further details , see item 8 , note 11 .', 'income taxes to our consolidated financial statements .', 'we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability .', 'based upon our current interpretation of the tax cuts and jobs act , we estimate that our 2018 effective tax rate will be approximately 28% ( 28 % ) , subject to future regulatory developments and earnings mix by taxing jurisdiction .', 'we are regularly examined by tax authorities around the world , and we are currently under examination in a number of jurisdictions .', 'it is reasonably possible that within the next 12 months certain tax examinations will close , which could result in a change in unrecognized tax benefits along with related interest and penalties .', 'an estimate of any possible change cannot be made at this time .', 'net earnings attributable to pmi of $ 6.0 billion decreased by $ 932 million ( 13.4% ( 13.4 % ) ) .', 'this decrease was due primarily to a higher effective tax rate as discussed above , partly offset by higher operating income .', 'diluted and basic eps of $ 3.88 decreased by 13.4% ( 13.4 % ) .', 'excluding .'] | 688.0 | PM/2017/page_38.pdf-1 | ['net revenues include $ 3.8 billion in 2017 and $ 739 million in 2016 related to the sale of rrps , mainly driven by japan .', 'these net revenue amounts include excise taxes billed to customers .', 'excluding excise taxes , net revenues for rrps were $ 3.6 billion in 2017 and $ 733 million in 2016 .', 'in some jurisdictions , including japan , we are not responsible for collecting excise taxes .', 'in 2017 , approximately $ 0.9 billion of our $ 3.6 billion in rrp net revenues , excluding excise taxes , were from iqos devices and accessories .', 'excise taxes on products increased by $ 1.1 billion , due to : 2022 higher excise taxes resulting from changes in retail prices and tax rates ( $ 4.6 billion ) , partially offset by 2022 favorable currency ( $ 1.9 billion ) and 2022 lower excise taxes resulting from volume/mix ( $ 1.6 billion ) .', 'our cost of sales ; marketing , administration and research costs ; and operating income were as follows : for the years ended december 31 , variance .'] | ['cost of sales increased by $ 1.0 billion , due to : 2022 higher cost of sales resulting from volume/mix ( $ 1.1 billion ) , partly offset by 2022 lower manufacturing costs ( $ 36 million ) and 2022 favorable currency ( $ 30 million ) .', 'marketing , administration and research costs increased by $ 320 million , due to : 2022 higher expenses ( $ 570 million , largely reflecting increased investment behind reduced-risk products , predominately in the european union and asia ) , partly offset by 2022 favorable currency ( $ 250 million ) .', 'operating income increased by $ 688 million , due primarily to : 2022 price increases ( $ 1.4 billion ) , partly offset by 2022 higher marketing , administration and research costs ( $ 570 million ) and 2022 unfavorable currency ( $ 157 million ) .', 'interest expense , net , of $ 914 million increased by $ 23 million , due primarily to unfavorably currency and higher average debt levels , partly offset by higher interest income .', 'our effective tax rate increased by 12.8 percentage points to 40.7% ( 40.7 % ) .', 'the 2017 effective tax rate was unfavorably impacted by $ 1.6 billion due to the tax cuts and jobs act .', 'for further details , see item 8 , note 11 .', 'income taxes to our consolidated financial statements .', 'we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability .', 'based upon our current interpretation of the tax cuts and jobs act , we estimate that our 2018 effective tax rate will be approximately 28% ( 28 % ) , subject to future regulatory developments and earnings mix by taxing jurisdiction .', 'we are regularly examined by tax authorities around the world , and we are currently under examination in a number of jurisdictions .', 'it is reasonably possible that within the next 12 months certain tax examinations will close , which could result in a change in unrecognized tax benefits along with related interest and penalties .', 'an estimate of any possible change cannot be made at this time .', 'net earnings attributable to pmi of $ 6.0 billion decreased by $ 932 million ( 13.4% ( 13.4 % ) ) .', 'this decrease was due primarily to a higher effective tax rate as discussed above , partly offset by higher operating income .', 'diluted and basic eps of $ 3.88 decreased by 13.4% ( 13.4 % ) .', 'excluding .'] | ----------------------------------------
( in millions ) | for the years ended december 31 , 2017 | for the years ended december 31 , 2016 | for the years ended december 31 , $ | % ( % )
cost of sales | $ 10432 | $ 9391 | $ 1041 | 11.1% ( 11.1 % )
marketing administration and research costs | 6725 | 6405 | 320 | 5.0% ( 5.0 % )
operating income | 11503 | 10815 | 688 | 6.4% ( 6.4 % )
---------------------------------------- | subtract(11503, 10815) | 688.0 |
what is the percent change in quarterly cash dividend for the period ended march 31 2002 to the period ended march 31 2003? | Background: ['market price and dividends d u k e r e a l t y c o r p o r a t i o n 3 8 2 0 0 2 a n n u a l r e p o r t the company 2019s common shares are listed for trading on the new york stock exchange , symbol dre .', 'the following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period .', 'comparable cash dividends are expected in the future .', 'on january 29 , 2003 , the company declared a quarterly cash dividend of $ .455 per share , payable on february 28 , 2003 , to common shareholders of record on february 14 , 2003. .']
##########
Table:
----------------------------------------
quarter ended 2002 high 2002 low 2002 dividend 2002 high 2002 low dividend
december 31 $ 25.84 $ 21.50 $ .455 $ 24.80 $ 22.00 $ .45
september 30 28.88 21.40 .455 26.17 21.60 .45
june 30 28.95 25.46 .450 24.99 22.00 .43
march 31 26.50 22.92 .450 25.44 21.85 .43
----------------------------------------
##########
Post-table: ['.'] | 1.11111 | DRE/2002/page_40.pdf-1 | ['market price and dividends d u k e r e a l t y c o r p o r a t i o n 3 8 2 0 0 2 a n n u a l r e p o r t the company 2019s common shares are listed for trading on the new york stock exchange , symbol dre .', 'the following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period .', 'comparable cash dividends are expected in the future .', 'on january 29 , 2003 , the company declared a quarterly cash dividend of $ .455 per share , payable on february 28 , 2003 , to common shareholders of record on february 14 , 2003. .'] | ['.'] | ----------------------------------------
quarter ended 2002 high 2002 low 2002 dividend 2002 high 2002 low dividend
december 31 $ 25.84 $ 21.50 $ .455 $ 24.80 $ 22.00 $ .45
september 30 28.88 21.40 .455 26.17 21.60 .45
june 30 28.95 25.46 .450 24.99 22.00 .43
march 31 26.50 22.92 .450 25.44 21.85 .43
---------------------------------------- | subtract(.455, .450), divide(#0, .450), multiply(#1, const_100) | 1.11111 |
in 2018 as part of the strategic merchandise what was the ration of the grocery to the health and wellness products | Context: ['services like "walmart pickup" "pickup today" and in over 1100 "online grocery" pickup locations to provide an omni- channel offering to our customers .', 'walmart u.s .', 'also offers access to digital content and services including vudu .', 'merchandise .', 'walmart u.s .', 'does business in three strategic merchandise units , listed below , across several store formats including supercenters , discount stores , neighborhood markets and other small store formats , as well as on our ecommerce websites .', '2022 grocery consists of a full line of grocery items , including meat , produce , natural & organics , deli & bakery , dairy , frozen foods , alcoholic and nonalcoholic beverages , floral and dry grocery , as well as consumables such as health and beauty aids , baby products , household chemicals , paper goods and pet supplies ; 2022 health and wellness includes pharmacy , optical services , clinical services , and over-the-counter drugs and other medical products ; 2022 general merchandise includes : 25e6 entertainment ( e.g. , electronics , cameras and supplies , photo processing services , wireless , movies , music , video games and books ) ; 25e6 hardlines ( e.g. , stationery , automotive , hardware and paint , sporting goods , outdoor living and horticulture ) ; 25e6 apparel ( e.g. , apparel for women , girls , men , boys and infants , as well as shoes , jewelry and accessories ) ; and 25e6 home/seasonal ( e.g. , home furnishings , housewares and small appliances , bedding , home decor , toys , fabrics and crafts and seasonal merchandise ) .', 'walmart u.s .', 'also offers fuel and financial services and related products , including money orders , prepaid cards , wire transfers , money transfers , check cashing and bill payment .', 'these services total less than 1% ( 1 % ) of annual net sales .', 'brand name merchandise represents a significant portion of the merchandise sold in walmart u.s .', 'we also market lines of merchandise under our private-label store brands , including : "adventure force" "autodrive" "blackweb" "equate" "everstart" "faded glory" "george" "great value" "holiday time" "hyper tough" "kid connection" "mainstays" "marketside" "my life as" "no boundaries" "ol\' roy" "onn" "ozark trail" "parent\'s choice" "prima della" "pure balance" "sam\'s choice" "special kitty" "spring valley" "terra & sky" "time and tru" "way to celebrate" and "wonder nation." the company also markets lines of merchandise under licensed brands , some of which include : "better homes a0& gardens" "farberware" "russell" and "swisstech." the percentage of strategic merchandise unit net sales for walmart u.s. , including online sales , was as follows for fiscal 2018 , 2017 and 2016: .']
##
Table:
strategic merchandise units fiscal years ended january 31 , 2018 fiscal years ended january 31 , 2017 fiscal years ended january 31 , 2016
grocery 56% ( 56 % ) 56% ( 56 % ) 56% ( 56 % )
health and wellness 11% ( 11 % ) 11% ( 11 % ) 11% ( 11 % )
general merchandise 33% ( 33 % ) 33% ( 33 % ) 33% ( 33 % )
total 100% ( 100 % ) 100% ( 100 % ) 100% ( 100 % )
##
Post-table: ['periodically , revisions are made to the categorization of the components comprising our strategic merchandise units .', "when revisions are made , the previous periods' presentation is adjusted to maintain comparability .", 'operations .', 'many supercenters , discount stores and neighborhood markets are open 24 hours each day .', 'a variety of payment methods are accepted at our stores and through our ecommerce websites and mobile commerce applications .', 'seasonal aspects of operations .', "walmart u.s.'s business is seasonal to a certain extent due to calendar events and national and religious holidays , as well as different weather patterns .", 'historically , its highest sales volume and segment operating income have occurred in the fiscal quarter ending january a031 .', 'competition .', 'walmart u.s .', 'competes with both physical retailers operating discount , department , retail and wholesale grocers , drug , dollar , variety and specialty stores , supermarkets , hypermarkets and supercenter-type stores , and digital retailers , as well as catalog businesses .', 'we also compete with others for desirable sites for new or relocated retail units .', 'our ability to develop , open and operate units at the right locations and to deliver a customer-centric omni-channel experience largely determines our competitive position within the retail industry .', 'we employ many programs designed to meet competitive pressures within our industry .', 'these programs include the following : 2022 edlp : our pricing philosophy under which we price items at a low price every day so our customers trust that our prices will not change under frequent promotional activity ; 2022 edlc : everyday low cost is our commitment to control expenses so our cost savings can be passed along to our customers; .'] | 5.09091 | WMT/2018/page_15.pdf-1 | ['services like "walmart pickup" "pickup today" and in over 1100 "online grocery" pickup locations to provide an omni- channel offering to our customers .', 'walmart u.s .', 'also offers access to digital content and services including vudu .', 'merchandise .', 'walmart u.s .', 'does business in three strategic merchandise units , listed below , across several store formats including supercenters , discount stores , neighborhood markets and other small store formats , as well as on our ecommerce websites .', '2022 grocery consists of a full line of grocery items , including meat , produce , natural & organics , deli & bakery , dairy , frozen foods , alcoholic and nonalcoholic beverages , floral and dry grocery , as well as consumables such as health and beauty aids , baby products , household chemicals , paper goods and pet supplies ; 2022 health and wellness includes pharmacy , optical services , clinical services , and over-the-counter drugs and other medical products ; 2022 general merchandise includes : 25e6 entertainment ( e.g. , electronics , cameras and supplies , photo processing services , wireless , movies , music , video games and books ) ; 25e6 hardlines ( e.g. , stationery , automotive , hardware and paint , sporting goods , outdoor living and horticulture ) ; 25e6 apparel ( e.g. , apparel for women , girls , men , boys and infants , as well as shoes , jewelry and accessories ) ; and 25e6 home/seasonal ( e.g. , home furnishings , housewares and small appliances , bedding , home decor , toys , fabrics and crafts and seasonal merchandise ) .', 'walmart u.s .', 'also offers fuel and financial services and related products , including money orders , prepaid cards , wire transfers , money transfers , check cashing and bill payment .', 'these services total less than 1% ( 1 % ) of annual net sales .', 'brand name merchandise represents a significant portion of the merchandise sold in walmart u.s .', 'we also market lines of merchandise under our private-label store brands , including : "adventure force" "autodrive" "blackweb" "equate" "everstart" "faded glory" "george" "great value" "holiday time" "hyper tough" "kid connection" "mainstays" "marketside" "my life as" "no boundaries" "ol\' roy" "onn" "ozark trail" "parent\'s choice" "prima della" "pure balance" "sam\'s choice" "special kitty" "spring valley" "terra & sky" "time and tru" "way to celebrate" and "wonder nation." the company also markets lines of merchandise under licensed brands , some of which include : "better homes a0& gardens" "farberware" "russell" and "swisstech." the percentage of strategic merchandise unit net sales for walmart u.s. , including online sales , was as follows for fiscal 2018 , 2017 and 2016: .'] | ['periodically , revisions are made to the categorization of the components comprising our strategic merchandise units .', "when revisions are made , the previous periods' presentation is adjusted to maintain comparability .", 'operations .', 'many supercenters , discount stores and neighborhood markets are open 24 hours each day .', 'a variety of payment methods are accepted at our stores and through our ecommerce websites and mobile commerce applications .', 'seasonal aspects of operations .', "walmart u.s.'s business is seasonal to a certain extent due to calendar events and national and religious holidays , as well as different weather patterns .", 'historically , its highest sales volume and segment operating income have occurred in the fiscal quarter ending january a031 .', 'competition .', 'walmart u.s .', 'competes with both physical retailers operating discount , department , retail and wholesale grocers , drug , dollar , variety and specialty stores , supermarkets , hypermarkets and supercenter-type stores , and digital retailers , as well as catalog businesses .', 'we also compete with others for desirable sites for new or relocated retail units .', 'our ability to develop , open and operate units at the right locations and to deliver a customer-centric omni-channel experience largely determines our competitive position within the retail industry .', 'we employ many programs designed to meet competitive pressures within our industry .', 'these programs include the following : 2022 edlp : our pricing philosophy under which we price items at a low price every day so our customers trust that our prices will not change under frequent promotional activity ; 2022 edlc : everyday low cost is our commitment to control expenses so our cost savings can be passed along to our customers; .'] | strategic merchandise units fiscal years ended january 31 , 2018 fiscal years ended january 31 , 2017 fiscal years ended january 31 , 2016
grocery 56% ( 56 % ) 56% ( 56 % ) 56% ( 56 % )
health and wellness 11% ( 11 % ) 11% ( 11 % ) 11% ( 11 % )
general merchandise 33% ( 33 % ) 33% ( 33 % ) 33% ( 33 % )
total 100% ( 100 % ) 100% ( 100 % ) 100% ( 100 % ) | divide(56, 11) | 5.09091 |
what was the average pension service cost from 2016 to 2018 in millions | Pre-text: ['note 8 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .', 'postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .', 'the measurement date used for the company 2019s employee benefit plans is september 30 .', 'effective january 1 , 2018 , the legacy u.s .', 'pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: .']
--
Data Table:
----------------------------------------
( millions of dollars ), pension plans 2018, pension plans 2017, pension plans 2016
service cost, $ 136, $ 110, $ 81
interest cost, 90, 61, 72
expected return on plan assets, -154 ( 154 ), -112 ( 112 ), -109 ( 109 )
amortization of prior service credit, -13 ( 13 ), -14 ( 14 ), -15 ( 15 )
amortization of loss, 78, 92, 77
settlements, 2, 2014, 7
net pension cost, $ 137, $ 138, $ 113
net pension cost included in the preceding table that is attributable to international plans, $ 34, $ 43, $ 35
----------------------------------------
--
Post-table: ['net pension cost included in the preceding table that is attributable to international plans $ 34 $ 43 $ 35 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .', 'the settlement losses recorded in 2018 and 2016 primarily included lump sum benefit payments associated with the company 2019s u.s .', 'supplemental pension plan .', 'the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year. .'] | 109.0 | BDX/2018/page_82.pdf-1 | ['note 8 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .', 'postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .', 'the measurement date used for the company 2019s employee benefit plans is september 30 .', 'effective january 1 , 2018 , the legacy u.s .', 'pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: .'] | ['net pension cost included in the preceding table that is attributable to international plans $ 34 $ 43 $ 35 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .', 'the settlement losses recorded in 2018 and 2016 primarily included lump sum benefit payments associated with the company 2019s u.s .', 'supplemental pension plan .', 'the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year. .'] | ----------------------------------------
( millions of dollars ), pension plans 2018, pension plans 2017, pension plans 2016
service cost, $ 136, $ 110, $ 81
interest cost, 90, 61, 72
expected return on plan assets, -154 ( 154 ), -112 ( 112 ), -109 ( 109 )
amortization of prior service credit, -13 ( 13 ), -14 ( 14 ), -15 ( 15 )
amortization of loss, 78, 92, 77
settlements, 2, 2014, 7
net pension cost, $ 137, $ 138, $ 113
net pension cost included in the preceding table that is attributable to international plans, $ 34, $ 43, $ 35
---------------------------------------- | add(136, 110), add(81, #0), divide(#1, const_3) | 109.0 |
what was the combined impact in millions on 2016 net revenue from the net gas revenue adjustment , the volume/weather adjustment , and other adjustments? | Context: ['entergy new orleans , inc .', 'and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income .', '2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate .', 'net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .', 'following is an analysis of the change in net revenue comparing 2016 to 2015 .', 'amount ( in millions ) .']
------
Tabular Data:
****************************************
, amount ( in millions )
2015 net revenue, $ 293.9
retail electric price, 39.0
net gas revenue, -2.5 ( 2.5 )
volume/weather, -5.1 ( 5.1 )
other, -8.1 ( 8.1 )
2016 net revenue, $ 317.2
****************************************
------
Additional Information: ['the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station .', 'see note 14 to the financial statements for discussion of the union power station purchase .', 'the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales .', 'the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .'] | -15.7 | ETR/2016/page_396.pdf-1 | ['entergy new orleans , inc .', 'and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income .', '2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate .', 'net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .', 'following is an analysis of the change in net revenue comparing 2016 to 2015 .', 'amount ( in millions ) .'] | ['the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station .', 'see note 14 to the financial statements for discussion of the union power station purchase .', 'the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales .', 'the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .'] | ****************************************
, amount ( in millions )
2015 net revenue, $ 293.9
retail electric price, 39.0
net gas revenue, -2.5 ( 2.5 )
volume/weather, -5.1 ( 5.1 )
other, -8.1 ( 8.1 )
2016 net revenue, $ 317.2
**************************************** | add(-2.5, -5.1), add(#0, -8.1) | -15.7 |
what was the ratio of the increase in the cash working capital components in 2007 compared to 2006 | Pre-text: ['expenses decreased to $ 23 million from $ 115 million in 2006 and $ 146 million in 2005 , reflecting the reduced level of operations .', 'operating profits for the real estate division , which principally sells higher-and-better-use properties , were $ 32 million , $ 124 million and $ 198 million in 2007 , 2006 and 2005 , respectively .', 'looking forward to 2008 , operating profits are expected to decline significantly , reflecting the reduced level of forestland holdings .', 'operating earn- ings will primarily reflect the periodic sales of remaining acreage , and can be expected to vary from quarter to quarter depending on the timing of sale transactions .', 'specialty businesses and other the specialty businesses and other segment princi- pally includes the operating results of the arizona chemical business as well as certain smaller busi- nesses .', 'the arizona chemical business was sold in february 2007 .', 'thus , operating results in 2007 reflect only two months of activity .', 'specialty businesses and other in millions 2007 2006 2005 .']
########
Table:
****************************************
• in millions, 2007, 2006, 2005
• sales, $ 135, $ 935, $ 915
• operating profit, $ 6, $ 61, $ 4
****************************************
########
Additional Information: ['liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products .', 'while changes in key cash operating costs , such as energy , raw material and transportation costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operat- ing cycle .', 'as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america .', 'financing activities in 2007 continued the focus on the transformation plan objectives of returning value to shareholders through additional repurchases of common stock and strengthening the balance sheet through further reductions of management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms .', 'at december 31 , 2007 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by standard & poor 2019s ( s&p ) and moody 2019s investor services ( moody 2019s ) , respectively .', 'cash provided by operations cash provided by continuing operations totaled $ 1.9 billion , compared with $ 1.0 billion for 2006 and $ 1.2 billion for 2005 .', 'the 2006 amount is net of a $ 1.0 bil- lion voluntary cash pension plan contribution made in the fourth quarter of 2006 .', 'the major components of cash provided by continuing operations are earn- ings from continuing operations adjusted for non-cash income and expense items and changes in working capital .', 'earnings from continuing oper- ations , adjusted for non-cash items and excluding the pension contribution in 2006 , increased by $ 123 million in 2007 versus 2006 .', 'this compared with an increase of $ 584 million for 2006 over 2005 .', 'international paper 2019s investments in accounts receiv- able and inventory less accounts payable and accrued liabilities , totaled $ 1.7 billion at december 31 , 2007 .', 'cash used for these working capital components increased by $ 539 million in 2007 , compared with a $ 354 million increase in 2006 and a $ 558 million increase in 2005 .', 'investment activities investment activities in 2007 included the receipt of $ 1.7 billion of additional cash proceeds from divest- itures , and the use of $ 239 million for acquisitions and $ 578 million for an investment in a 50% ( 50 % ) equity interest in ilim holding s.a .', 'in russia .', 'capital spending from continuing operations was $ 1.3 billion in 2007 , or 119% ( 119 % ) of depreciation and amortization , comparable to $ 1.0 billion , or 87% ( 87 % ) of depreciation and amortization in 2006 , and $ 992 mil- lion , or 78% ( 78 % ) of depreciation and amortization in 2005 .', 'the increase in 2007 reflects spending for the con- version of the pensacola paper machine to the pro- duction of linerboard , a fluff pulp project at our riegelwood mill , and a specialty pulp production project at our svetogorsk mill in russia , all of which were part of the company 2019s transformation plan. .'] | 1.5226 | IP/2007/page_34.pdf-2 | ['expenses decreased to $ 23 million from $ 115 million in 2006 and $ 146 million in 2005 , reflecting the reduced level of operations .', 'operating profits for the real estate division , which principally sells higher-and-better-use properties , were $ 32 million , $ 124 million and $ 198 million in 2007 , 2006 and 2005 , respectively .', 'looking forward to 2008 , operating profits are expected to decline significantly , reflecting the reduced level of forestland holdings .', 'operating earn- ings will primarily reflect the periodic sales of remaining acreage , and can be expected to vary from quarter to quarter depending on the timing of sale transactions .', 'specialty businesses and other the specialty businesses and other segment princi- pally includes the operating results of the arizona chemical business as well as certain smaller busi- nesses .', 'the arizona chemical business was sold in february 2007 .', 'thus , operating results in 2007 reflect only two months of activity .', 'specialty businesses and other in millions 2007 2006 2005 .'] | ['liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operat- ing cash flow , which is highly sensitive to changes in the pricing and demand for our major products .', 'while changes in key cash operating costs , such as energy , raw material and transportation costs , do have an effect on operating cash generation , we believe that our strong focus on cost controls has improved our cash flow generation over an operat- ing cycle .', 'as part of our continuing focus on improving our return on investment , we have focused our capital spending on improving our key paper and packaging businesses both globally and in north america .', 'financing activities in 2007 continued the focus on the transformation plan objectives of returning value to shareholders through additional repurchases of common stock and strengthening the balance sheet through further reductions of management believes it is important for interna- tional paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms .', 'at december 31 , 2007 , the com- pany held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by standard & poor 2019s ( s&p ) and moody 2019s investor services ( moody 2019s ) , respectively .', 'cash provided by operations cash provided by continuing operations totaled $ 1.9 billion , compared with $ 1.0 billion for 2006 and $ 1.2 billion for 2005 .', 'the 2006 amount is net of a $ 1.0 bil- lion voluntary cash pension plan contribution made in the fourth quarter of 2006 .', 'the major components of cash provided by continuing operations are earn- ings from continuing operations adjusted for non-cash income and expense items and changes in working capital .', 'earnings from continuing oper- ations , adjusted for non-cash items and excluding the pension contribution in 2006 , increased by $ 123 million in 2007 versus 2006 .', 'this compared with an increase of $ 584 million for 2006 over 2005 .', 'international paper 2019s investments in accounts receiv- able and inventory less accounts payable and accrued liabilities , totaled $ 1.7 billion at december 31 , 2007 .', 'cash used for these working capital components increased by $ 539 million in 2007 , compared with a $ 354 million increase in 2006 and a $ 558 million increase in 2005 .', 'investment activities investment activities in 2007 included the receipt of $ 1.7 billion of additional cash proceeds from divest- itures , and the use of $ 239 million for acquisitions and $ 578 million for an investment in a 50% ( 50 % ) equity interest in ilim holding s.a .', 'in russia .', 'capital spending from continuing operations was $ 1.3 billion in 2007 , or 119% ( 119 % ) of depreciation and amortization , comparable to $ 1.0 billion , or 87% ( 87 % ) of depreciation and amortization in 2006 , and $ 992 mil- lion , or 78% ( 78 % ) of depreciation and amortization in 2005 .', 'the increase in 2007 reflects spending for the con- version of the pensacola paper machine to the pro- duction of linerboard , a fluff pulp project at our riegelwood mill , and a specialty pulp production project at our svetogorsk mill in russia , all of which were part of the company 2019s transformation plan. .'] | ****************************************
• in millions, 2007, 2006, 2005
• sales, $ 135, $ 935, $ 915
• operating profit, $ 6, $ 61, $ 4
**************************************** | divide(539, 354) | 1.5226 |
what is the current ratio for 2004? | Context: ['mondavi produces , markets and sells premium , super-premium and fine california wines under the woodbridge by robert mondavi , robert mondavi private selection and robert mondavi winery brand names .', 'woodbridge and robert mondavi private selection are the leading premium and super-premium wine brands by volume , respectively , in the united states .', 'the acquisition of robert mondavi supports the company 2019s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the pre- mium , super-premium and fine wine categories .', 'the company believes that the acquired robert mondavi brand names have strong brand recognition globally .', 'the vast majority of robert mondavi 2019s sales are generated in the united states .', 'the company intends to leverage the robert mondavi brands in the united states through its selling , marketing and distribution infrastructure .', 'the company also intends to further expand distribution for the robert mondavi brands in europe through its constellation europe infrastructure .', 'the company and robert mondavi have complementary busi- nesses that share a common growth orientation and operating philosophy .', 'the robert mondavi acquisition provides the company with a greater presence in the fine wine sector within the united states and the ability to capitalize on the broader geographic distribution in strategic international markets .', 'the robert mondavi acquisition supports the company 2019s strategy of growth and breadth across categories and geographies , and strengthens its competitive position in its core markets .', 'in par- ticular , the company believes there are growth opportunities for premium , super-premium and fine wines in the united kingdom , united states and other wine markets .', 'total consid- eration paid in cash to the robert mondavi shareholders was $ 1030.7 million .', 'additionally , the company expects to incur direct acquisition costs of $ 11.2 million .', 'the purchase price was financed with borrowings under the company 2019s 2004 credit agreement ( as defined in note 9 ) .', 'in accordance with the pur- chase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition .', 'the purchase price was based primarily on the estimated future operating results of robert mondavi , including the factors described above , as well as an estimated benefit from operating cost synergies .', 'the results of operations of the robert mondavi business are reported in the constellation wines segment and have been included in the consolidated statement of income since the acquisition date .', 'the following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the robert mondavi acquisition at the date of acquisition .', 'the company is in the process of obtaining third-party valuations of certain assets and liabilities , and refining its restructuring plan which is under development and will be finalized during the company 2019s year ending february 28 , 2006 ( see note19 ) .', 'accordingly , the allocation of the purchase price is subject to refinement .', 'estimated fair values at december 22 , 2004 , are as follows : {in thousands} .']
Table:
========================================
current assets, $ 494788
property plant and equipment, 452902
other assets, 178823
trademarks, 186000
goodwill, 590459
total assets acquired, 1902972
current liabilities, 309051
long-term liabilities, 552060
total liabilities acquired, 861111
net assets acquired, $ 1041861
========================================
Follow-up: ['the trademarks are not subject to amortization .', 'none of the goodwill is expected to be deductible for tax purposes .', 'in connection with the robert mondavi acquisition and robert mondavi 2019s previously disclosed intention to sell certain of its winery properties and related assets , and other vineyard prop- erties , the company has classified certain assets as held for sale as of february 28 , 2005 .', 'the company expects to sell these assets during the year ended february 28 , 2006 , for net pro- ceeds of approximately $ 150 million to $ 175 million .', 'no gain or loss is expected to be recognized upon the sale of these assets .', 'hardy acquisition 2013 on march 27 , 2003 , the company acquired control of brl hardy limited , now known as hardy wine company limited ( 201chardy 201d ) , and on april 9 , 2003 , the company completed its acquisition of all of hardy 2019s outstanding capital stock .', 'as a result of the acquisition of hardy , the company also acquired the remaining 50% ( 50 % ) ownership of pacific wine partners llc ( 201cpwp 201d ) , the joint venture the company established with hardy in july 2001 .', 'the acquisition of hardy along with the remaining interest in pwp is referred to together as the 201chardy acquisition . 201d through this acquisition , the company acquired one of australia 2019s largest wine producers with interests in winer- ies and vineyards in most of australia 2019s major wine regions as well as new zealand and the united states and hardy 2019s market- ing and sales operations in the united kingdom .', 'total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million .', 'additionally , the company recorded direct acquisition costs of $ 17.2 million .', 'the acquisition date for accounting purposes is march 27 , 2003 .', 'the company has recorded a $ 1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consider- ation .', 'this charge is included as interest expense in the consolidated statement of income for the year ended february 29 , 2004 .', 'the cash portion of the purchase price paid to the hardy shareholders and optionholders ( $ 1060.2 mil- lion ) was financed with $ 660.2 million of borrowings under the company 2019s then existing credit agreement and $ 400.0 million .'] | 1.60099 | STZ/2005/page_57.pdf-4 | ['mondavi produces , markets and sells premium , super-premium and fine california wines under the woodbridge by robert mondavi , robert mondavi private selection and robert mondavi winery brand names .', 'woodbridge and robert mondavi private selection are the leading premium and super-premium wine brands by volume , respectively , in the united states .', 'the acquisition of robert mondavi supports the company 2019s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the pre- mium , super-premium and fine wine categories .', 'the company believes that the acquired robert mondavi brand names have strong brand recognition globally .', 'the vast majority of robert mondavi 2019s sales are generated in the united states .', 'the company intends to leverage the robert mondavi brands in the united states through its selling , marketing and distribution infrastructure .', 'the company also intends to further expand distribution for the robert mondavi brands in europe through its constellation europe infrastructure .', 'the company and robert mondavi have complementary busi- nesses that share a common growth orientation and operating philosophy .', 'the robert mondavi acquisition provides the company with a greater presence in the fine wine sector within the united states and the ability to capitalize on the broader geographic distribution in strategic international markets .', 'the robert mondavi acquisition supports the company 2019s strategy of growth and breadth across categories and geographies , and strengthens its competitive position in its core markets .', 'in par- ticular , the company believes there are growth opportunities for premium , super-premium and fine wines in the united kingdom , united states and other wine markets .', 'total consid- eration paid in cash to the robert mondavi shareholders was $ 1030.7 million .', 'additionally , the company expects to incur direct acquisition costs of $ 11.2 million .', 'the purchase price was financed with borrowings under the company 2019s 2004 credit agreement ( as defined in note 9 ) .', 'in accordance with the pur- chase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition .', 'the purchase price was based primarily on the estimated future operating results of robert mondavi , including the factors described above , as well as an estimated benefit from operating cost synergies .', 'the results of operations of the robert mondavi business are reported in the constellation wines segment and have been included in the consolidated statement of income since the acquisition date .', 'the following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the robert mondavi acquisition at the date of acquisition .', 'the company is in the process of obtaining third-party valuations of certain assets and liabilities , and refining its restructuring plan which is under development and will be finalized during the company 2019s year ending february 28 , 2006 ( see note19 ) .', 'accordingly , the allocation of the purchase price is subject to refinement .', 'estimated fair values at december 22 , 2004 , are as follows : {in thousands} .'] | ['the trademarks are not subject to amortization .', 'none of the goodwill is expected to be deductible for tax purposes .', 'in connection with the robert mondavi acquisition and robert mondavi 2019s previously disclosed intention to sell certain of its winery properties and related assets , and other vineyard prop- erties , the company has classified certain assets as held for sale as of february 28 , 2005 .', 'the company expects to sell these assets during the year ended february 28 , 2006 , for net pro- ceeds of approximately $ 150 million to $ 175 million .', 'no gain or loss is expected to be recognized upon the sale of these assets .', 'hardy acquisition 2013 on march 27 , 2003 , the company acquired control of brl hardy limited , now known as hardy wine company limited ( 201chardy 201d ) , and on april 9 , 2003 , the company completed its acquisition of all of hardy 2019s outstanding capital stock .', 'as a result of the acquisition of hardy , the company also acquired the remaining 50% ( 50 % ) ownership of pacific wine partners llc ( 201cpwp 201d ) , the joint venture the company established with hardy in july 2001 .', 'the acquisition of hardy along with the remaining interest in pwp is referred to together as the 201chardy acquisition . 201d through this acquisition , the company acquired one of australia 2019s largest wine producers with interests in winer- ies and vineyards in most of australia 2019s major wine regions as well as new zealand and the united states and hardy 2019s market- ing and sales operations in the united kingdom .', 'total consideration paid in cash and class a common stock to the hardy shareholders was $ 1137.4 million .', 'additionally , the company recorded direct acquisition costs of $ 17.2 million .', 'the acquisition date for accounting purposes is march 27 , 2003 .', 'the company has recorded a $ 1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consider- ation .', 'this charge is included as interest expense in the consolidated statement of income for the year ended february 29 , 2004 .', 'the cash portion of the purchase price paid to the hardy shareholders and optionholders ( $ 1060.2 mil- lion ) was financed with $ 660.2 million of borrowings under the company 2019s then existing credit agreement and $ 400.0 million .'] | ========================================
current assets, $ 494788
property plant and equipment, 452902
other assets, 178823
trademarks, 186000
goodwill, 590459
total assets acquired, 1902972
current liabilities, 309051
long-term liabilities, 552060
total liabilities acquired, 861111
net assets acquired, $ 1041861
======================================== | divide(494788, 309051) | 1.60099 |
what was pnc's total carrying value from 2008-09 from its investment in blackrock , in billions? | Background: ['blackrock information related to our equity investment in blackrock follows: .']
Data Table:
, 2009, 2008
business segment earnings ( in millions ) ( a ), $ 207, $ 207
pnc 2019s share of blackrock earnings ( b ), 23% ( 23 % ), 33% ( 33 % )
carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ), $ 5.8, $ 4.2
Post-table: ['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-2 | ['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. .'] | , 2009, 2008
business segment earnings ( in millions ) ( a ), $ 207, $ 207
pnc 2019s share of blackrock earnings ( b ), 23% ( 23 % ), 33% ( 33 % )
carrying value of pnc 2019s investment in blackrock ( in billions ) ( b ), $ 5.8, $ 4.2 | add(5.8, 4.2) | 10.0 |
what is the percentage change in rent expense from 2006 yo 2007? | Pre-text: ['company has a contingent liability relating to proper disposition of these balances , which amounted to $ 1926.8 mil- lion at december 31 , 2007 .', 'as a result of holding these customers 2019 assets in escrow , the company has ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks .', 'there were no loans outstanding as of december 31 , 2007 and these balances were invested in short term , high grade investments that minimize the risk to principal .', 'leases the company leases certain of its property under leases which expire at various dates .', 'several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years .', 'future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2012 , and thereafter in the aggregate , are as follows ( in thousands ) : .']
##########
Table:
****************************************
2008, 83382
2009, 63060
2010, 35269
2011, 21598
2012, 14860
thereafter, 30869
total, $ 249038
****************************************
##########
Follow-up: ['in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.0 million per year which renew on a short-term basis .', 'rent expense incurred under all operating leases during the years ended december 31 , 2007 , 2006 and 2005 was $ 106.4 million , $ 81.5 million and $ 61.1 million , respectively .', 'data processing and maintenance services agreements .', 'the company has agreements with various vendors , which expire between 2008 and 2017 , for portions of its computer data processing operations and related functions .', 'the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 888.3 million as of december 31 , 2007 .', 'however , this amount could be more or less depending on various factors such as the inflation rate , the introduction of significant new technologies , or changes in the company 2019s data processing needs .', '( 17 ) employee benefit plans stock purchase plan prior to the certegy merger ( note 6 ) , fis employees participated in the fidelity national financial , inc .', 'employee stock purchase plan ( espp ) .', 'subsequent to the certegy merger , the company instituted its own plan with the same terms as the fidelity national financial , inc .', 'plan .', 'under the terms of both plans and subsequent amendments , eligible employees may voluntarily purchase , at current market prices , shares of fnf 2019s ( prior to the certegy merger ) or fis 2019s ( post certegy merger ) common stock through payroll deductions .', 'pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions .', 'shares purchased are allocated to employees based upon their contributions .', 'the company contributes varying matching amounts as specified in the espp .', 'the company recorded an expense of $ 15.2 million , $ 13.1 million and $ 11.1 million , respectively , for the years ended december 31 , 2007 , 2006 and 2005 relating to the participation of fis employees in the espp .', 'fidelity national information services , inc .', 'and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .'] | 0.30552 | FIS/2007/page_94.pdf-3 | ['company has a contingent liability relating to proper disposition of these balances , which amounted to $ 1926.8 mil- lion at december 31 , 2007 .', 'as a result of holding these customers 2019 assets in escrow , the company has ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks .', 'there were no loans outstanding as of december 31 , 2007 and these balances were invested in short term , high grade investments that minimize the risk to principal .', 'leases the company leases certain of its property under leases which expire at various dates .', 'several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years .', 'future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31 , 2012 , and thereafter in the aggregate , are as follows ( in thousands ) : .'] | ['in addition , the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $ 16.0 million per year which renew on a short-term basis .', 'rent expense incurred under all operating leases during the years ended december 31 , 2007 , 2006 and 2005 was $ 106.4 million , $ 81.5 million and $ 61.1 million , respectively .', 'data processing and maintenance services agreements .', 'the company has agreements with various vendors , which expire between 2008 and 2017 , for portions of its computer data processing operations and related functions .', 'the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $ 888.3 million as of december 31 , 2007 .', 'however , this amount could be more or less depending on various factors such as the inflation rate , the introduction of significant new technologies , or changes in the company 2019s data processing needs .', '( 17 ) employee benefit plans stock purchase plan prior to the certegy merger ( note 6 ) , fis employees participated in the fidelity national financial , inc .', 'employee stock purchase plan ( espp ) .', 'subsequent to the certegy merger , the company instituted its own plan with the same terms as the fidelity national financial , inc .', 'plan .', 'under the terms of both plans and subsequent amendments , eligible employees may voluntarily purchase , at current market prices , shares of fnf 2019s ( prior to the certegy merger ) or fis 2019s ( post certegy merger ) common stock through payroll deductions .', 'pursuant to the espp , employees may contribute an amount between 3% ( 3 % ) and 15% ( 15 % ) of their base salary and certain commissions .', 'shares purchased are allocated to employees based upon their contributions .', 'the company contributes varying matching amounts as specified in the espp .', 'the company recorded an expense of $ 15.2 million , $ 13.1 million and $ 11.1 million , respectively , for the years ended december 31 , 2007 , 2006 and 2005 relating to the participation of fis employees in the espp .', 'fidelity national information services , inc .', 'and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 ( continued ) .'] | ****************************************
2008, 83382
2009, 63060
2010, 35269
2011, 21598
2012, 14860
thereafter, 30869
total, $ 249038
**************************************** | subtract(106.4, 81.5), divide(#0, 81.5) | 0.30552 |
as of december 31 , 2017 what was the percent of the system energy credit facility utilization | Background: ['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 . a0 a0debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . a0 a0system energy has sufficient capacity under these tests to meet its foreseeable capital needs .', 'system energy 2019s receivables from the money pool were as follows as of december 31 for each of the following years. .']
####
Tabular Data:
----------------------------------------
2017, 2016, 2015, 2014
( in thousands ), ( in thousands ), ( in thousands ), ( in thousands )
$ 111667, $ 33809, $ 39926, $ 2373
----------------------------------------
####
Follow-up: ['see note 4 to the financial statements for a description of the money pool .', 'the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 .', 'as of december 31 , 2017 , $ 17.8 million in letters of credit to support a like amount of commercial paper issued and $ 50 million in loans were outstanding under the system energy nuclear fuel company variable interest entity credit facility .', 'see note 4 to the financial statements for additional discussion of the variable interest entity credit facility .', 'system energy obtained authorizations from the ferc through october 2019 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity .', 'see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits .', 'system energy resources , inc .', 'management 2019s financial discussion and analysis federal regulation see the 201crate , cost-recovery , and other regulation 2013 federal regulation 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis and note 2 to the financial statements for a discussion of federal regulation .', 'complaint against system energy in january 2017 the apsc and mpsc filed a complaint with the ferc against system energy .', 'the complaint seeks a reduction in the return on equity component of the unit power sales agreement pursuant to which system energy sells its grand gulf capacity and energy to entergy arkansas , entergy louisiana , entergy mississippi , and entergy new orleans .', 'entergy arkansas also sells some of its grand gulf capacity and energy to entergy louisiana , entergy mississippi , and entergy new orleans under separate agreements .', 'the current return on equity under the unit power sales agreement is 10.94% ( 10.94 % ) .', 'the complaint alleges that the return on equity is unjust and unreasonable because current capital market and other considerations indicate that it is excessive .', 'the complaint requests the ferc to institute proceedings to investigate the return on equity and establish a lower return on equity , and also requests that the ferc establish january 23 , 2017 as a refund effective date .', 'the complaint includes return on equity analysis that purports to establish that the range of reasonable return on equity for system energy is between 8.37% ( 8.37 % ) and 8.67% ( 8.67 % ) .', 'system energy answered the complaint in february 2017 and disputes that a return on equity of 8.37% ( 8.37 % ) to 8.67% ( 8.67 % ) is just and reasonable .', 'the lpsc and the city council intervened in the proceeding expressing support for the complaint .', 'system energy is recording a provision against revenue for the potential outcome of this proceeding .', 'in september 2017 the ferc established a refund effective date of january 23 , 2017 , consolidated the return on equity complaint with the proceeding described in unit power sales agreement below , and directed the parties to engage in settlement .'] | 0.565 | ETR/2017/page_441.pdf-4 | ['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 . a0 a0debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements . a0 a0system energy has sufficient capacity under these tests to meet its foreseeable capital needs .', '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 .', 'the system energy nuclear fuel company variable interest entity has a credit facility in the amount of $ 120 million scheduled to expire in may 2019 .', 'as of december 31 , 2017 , $ 17.8 million in letters of credit to support a like amount of commercial paper issued and $ 50 million in loans were outstanding under the system energy nuclear fuel company variable interest entity credit facility .', 'see note 4 to the financial statements for additional discussion of the variable interest entity credit facility .', 'system energy obtained authorizations from the ferc through october 2019 for the following : 2022 short-term borrowings not to exceed an aggregate amount of $ 200 million at any time outstanding ; 2022 long-term borrowings and security issuances ; and 2022 long-term borrowings by its nuclear fuel company variable interest entity .', 'see note 4 to the financial statements for further discussion of system energy 2019s short-term borrowing limits .', 'system energy resources , inc .', 'management 2019s financial discussion and analysis federal regulation see the 201crate , cost-recovery , and other regulation 2013 federal regulation 201d section of entergy corporation and subsidiaries management 2019s financial discussion and analysis and note 2 to the financial statements for a discussion of federal regulation .', 'complaint against system energy in january 2017 the apsc and mpsc filed a complaint with the ferc against system energy .', 'the complaint seeks a reduction in the return on equity component of the unit power sales agreement pursuant to which system energy sells its grand gulf capacity and energy to entergy arkansas , entergy louisiana , entergy mississippi , and entergy new orleans .', 'entergy arkansas also sells some of its grand gulf capacity and energy to entergy louisiana , entergy mississippi , and entergy new orleans under separate agreements .', 'the current return on equity under the unit power sales agreement is 10.94% ( 10.94 % ) .', 'the complaint alleges that the return on equity is unjust and unreasonable because current capital market and other considerations indicate that it is excessive .', 'the complaint requests the ferc to institute proceedings to investigate the return on equity and establish a lower return on equity , and also requests that the ferc establish january 23 , 2017 as a refund effective date .', 'the complaint includes return on equity analysis that purports to establish that the range of reasonable return on equity for system energy is between 8.37% ( 8.37 % ) and 8.67% ( 8.67 % ) .', 'system energy answered the complaint in february 2017 and disputes that a return on equity of 8.37% ( 8.37 % ) to 8.67% ( 8.67 % ) is just and reasonable .', 'the lpsc and the city council intervened in the proceeding expressing support for the complaint .', 'system energy is recording a provision against revenue for the potential outcome of this proceeding .', 'in september 2017 the ferc established a refund effective date of january 23 , 2017 , consolidated the return on equity complaint with the proceeding described in unit power sales agreement below , and directed the parties to engage in settlement .'] | ----------------------------------------
2017, 2016, 2015, 2014
( in thousands ), ( in thousands ), ( in thousands ), ( in thousands )
$ 111667, $ 33809, $ 39926, $ 2373
---------------------------------------- | add(17.8, 50), divide(#0, 120) | 0.565 |
in 2017 what was the percent of the total operating revenues that was attributable to industrial products | Background: ['notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .', '1 .', 'nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .', 'our network includes 32122 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .', 'gateways and providing several corridors to key mexican gateways .', 'we own 26042 miles and operate on the remainder pursuant to trackage rights or leases .', 'we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .', 'export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .', 'the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .', 'although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .', 'the following table provides freight revenue by commodity group: .']
----
Data Table:
millions, 2017, 2016, 2015
agricultural products, $ 3685, $ 3625, $ 3581
automotive, 1998, 2000, 2154
chemicals, 3596, 3474, 3543
coal, 2645, 2440, 3237
industrial products, 4078, 3348, 3808
intermodal, 3835, 3714, 4074
total freight revenues, $ 19837, $ 18601, $ 20397
other revenues, 1403, 1340, 1416
total operating revenues, $ 21240, $ 19941, $ 21813
----
Additional Information: ['although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .', 'each of our commodity groups includes revenue from shipments to and from mexico .', 'included in the above table are freight revenues from our mexico business which amounted to $ 2.3 billion in 2017 , $ 2.2 billion in 2016 , and $ 2.2 billion in 2015 .', 'basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .', '( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .', '2 .', 'significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .', 'investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .', 'all intercompany transactions are eliminated .', 'we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .', 'cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .', 'accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .', 'the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .', 'receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .'] | 0.192 | UNP/2017/page_50.pdf-2 | ['notes to the consolidated financial statements union pacific corporation and subsidiary companies for purposes of this report , unless the context otherwise requires , all references herein to the 201ccorporation 201d , 201ccompany 201d , 201cupc 201d , 201cwe 201d , 201cus 201d , and 201cour 201d mean union pacific corporation and its subsidiaries , including union pacific railroad company , which will be separately referred to herein as 201cuprr 201d or the 201crailroad 201d .', '1 .', 'nature of operations operations and segmentation 2013 we are a class i railroad operating in the u.s .', 'our network includes 32122 route miles , linking pacific coast and gulf coast ports with the midwest and eastern u.s .', 'gateways and providing several corridors to key mexican gateways .', 'we own 26042 miles and operate on the remainder pursuant to trackage rights or leases .', 'we serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the atlantic coast , the pacific coast , the southeast , the southwest , canada , and mexico .', 'export and import traffic is moved through gulf coast and pacific coast ports and across the mexican and canadian borders .', 'the railroad , along with its subsidiaries and rail affiliates , is our one reportable operating segment .', 'although we provide and analyze revenue by commodity group , we treat the financial results of the railroad as one segment due to the integrated nature of our rail network .', 'the following table provides freight revenue by commodity group: .'] | ['although our revenues are principally derived from customers domiciled in the u.s. , the ultimate points of origination or destination for some products we transport are outside the u.s .', 'each of our commodity groups includes revenue from shipments to and from mexico .', 'included in the above table are freight revenues from our mexico business which amounted to $ 2.3 billion in 2017 , $ 2.2 billion in 2016 , and $ 2.2 billion in 2015 .', 'basis of presentation 2013 the consolidated financial statements are presented in accordance with accounting principles generally accepted in the u.s .', '( gaap ) as codified in the financial accounting standards board ( fasb ) accounting standards codification ( asc ) .', '2 .', 'significant accounting policies principles of consolidation 2013 the consolidated financial statements include the accounts of union pacific corporation and all of its subsidiaries .', 'investments in affiliated companies ( 20% ( 20 % ) to 50% ( 50 % ) owned ) are accounted for using the equity method of accounting .', 'all intercompany transactions are eliminated .', 'we currently have no less than majority-owned investments that require consolidation under variable interest entity requirements .', 'cash and cash equivalents 2013 cash equivalents consist of investments with original maturities of three months or less .', 'accounts receivable 2013 accounts receivable includes receivables reduced by an allowance for doubtful accounts .', 'the allowance is based upon historical losses , credit worthiness of customers , and current economic conditions .', 'receivables not expected to be collected in one year and the associated allowances are classified as other assets in our consolidated statements of financial position. .'] | millions, 2017, 2016, 2015
agricultural products, $ 3685, $ 3625, $ 3581
automotive, 1998, 2000, 2154
chemicals, 3596, 3474, 3543
coal, 2645, 2440, 3237
industrial products, 4078, 3348, 3808
intermodal, 3835, 3714, 4074
total freight revenues, $ 19837, $ 18601, $ 20397
other revenues, 1403, 1340, 1416
total operating revenues, $ 21240, $ 19941, $ 21813 | divide(4078, 21240) | 0.192 |
as of december 2008 what was the sum of the annual long-term debt maturities due in five years | Background: ['entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds .', '( b ) the bonds are secured by a series of collateral first mortgage bonds .', '( c ) in december 2005 , entergy corporation sold 10 million equity units with a stated amount of $ 50 each .', 'an equity unit consisted of ( 1 ) a note , initially due february 2011 and initially bearing interest at an annual rate of 5.75% ( 5.75 % ) , and ( 2 ) a purchase contract that obligated the holder of the equity unit to purchase for $ 50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17 , 2009 .', 'entergy paid the holders quarterly contract adjustment payments of 1.875% ( 1.875 % ) per year on the stated amount of $ 50 per equity unit .', 'under the terms of the purchase contracts , entergy attempted to remarket the notes in february 2009 but was unsuccessful , the note holders put the notes to entergy , entergy retired the notes , and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts .', "( d ) pursuant to the nuclear waste policy act of 1982 , entergy's 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 ( e ) the fair value excludes lease obligations , long-term doe obligations , and the note payable to nypa , and includes debt due within one year .', 'it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms .', '( f ) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states , inc .', 'that was outstanding on december 31 , 2008 and 2007 .', 'under a debt assumption agreement with entergy gulf states louisiana , entergy texas assumed approximately 46% ( 46 % ) of this long-term debt .', 'the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2008 , for the next five years are as follows : amount ( in thousands ) .']
####
Table:
****************************************
Row 1: , amount ( in thousands )
Row 2: 2009, $ 516019
Row 3: 2010, $ 763036
Row 4: 2011, $ 897367
Row 5: 2012, $ 3625459
Row 6: 2013, $ 579461
****************************************
####
Additional Information: ["in november 2000 , entergy's 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's non-utility nuclear business 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 , and is included in the note payable to nypa balance above .', 'in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa .', '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 .', 'covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .', "if entergy's debt ratio exceeds this limit , or if entergy or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur .", 'entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances .', 'entergy arkansas has .'] | 6381342.0 | ETR/2008/page_130.pdf-2 | ['entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds .', '( b ) the bonds are secured by a series of collateral first mortgage bonds .', '( c ) in december 2005 , entergy corporation sold 10 million equity units with a stated amount of $ 50 each .', 'an equity unit consisted of ( 1 ) a note , initially due february 2011 and initially bearing interest at an annual rate of 5.75% ( 5.75 % ) , and ( 2 ) a purchase contract that obligated the holder of the equity unit to purchase for $ 50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17 , 2009 .', 'entergy paid the holders quarterly contract adjustment payments of 1.875% ( 1.875 % ) per year on the stated amount of $ 50 per equity unit .', 'under the terms of the purchase contracts , entergy attempted to remarket the notes in february 2009 but was unsuccessful , the note holders put the notes to entergy , entergy retired the notes , and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts .', "( d ) pursuant to the nuclear waste policy act of 1982 , entergy's 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 ( e ) the fair value excludes lease obligations , long-term doe obligations , and the note payable to nypa , and includes debt due within one year .', 'it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms .', '( f ) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states , inc .', 'that was outstanding on december 31 , 2008 and 2007 .', 'under a debt assumption agreement with entergy gulf states louisiana , entergy texas assumed approximately 46% ( 46 % ) of this long-term debt .', 'the annual long-term debt maturities ( excluding lease obligations ) for debt outstanding as of december 31 , 2008 , for the next five years are as follows : amount ( in thousands ) .'] | ["in november 2000 , entergy's 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's non-utility nuclear business 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 , and is included in the note payable to nypa balance above .', 'in july 2003 , a payment of $ 102 million was made prior to maturity on the note payable to nypa .', '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 .', 'covenants in the entergy corporation notes require it to maintain a consolidated debt ratio of 65% ( 65 % ) or less of its total capitalization .', "if entergy's debt ratio exceeds this limit , or if entergy or certain of the utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur .", 'entergy gulf states louisiana , entergy louisiana , entergy mississippi , entergy texas , and system energy have received ferc long-term financing orders authorizing long-term securities issuances .', 'entergy arkansas has .'] | ****************************************
Row 1: , amount ( in thousands )
Row 2: 2009, $ 516019
Row 3: 2010, $ 763036
Row 4: 2011, $ 897367
Row 5: 2012, $ 3625459
Row 6: 2013, $ 579461
**************************************** | add(516019, 763036), add(#0, 897367), add(3625459, #1), add(579461, #2) | 6381342.0 |
what is the percentage change in capital spending from 2006 to 2007? | Context: ['page 30 of 94 are included in capital spending amounts .', 'another example is the company 2019s decision in 2007 to contribute an additional $ 44.5 million ( $ 27.3 million ) to its pension plans as part of its overall debt reduction plan .', 'based on this , our consolidated free cash flow is summarized as follows: .']
Tabular Data:
========================================
Row 1: ( $ in millions ), 2007, 2006, 2005
Row 2: cash flows from operating activities, $ 673.0, $ 401.4, $ 558.8
Row 3: incremental pension funding net of tax, 27.3, 2013, 2013
Row 4: capital spending, -308.5 ( 308.5 ), -279.6 ( 279.6 ), -291.7 ( 291.7 )
Row 5: proceeds for replacement of fire-damaged assets, 48.6, 61.3, 2013
Row 6: free cash flow, $ 440.4, $ 183.1, $ 267.1
========================================
Post-table: ['based on information currently available , we estimate cash flows from operating activities for 2008 to be approximately $ 650 million , capital spending to be approximately $ 350 million and free cash flow to be in the $ 300 million range .', 'capital spending of $ 259.9 million ( net of $ 48.6 million in insurance recoveries ) in 2007 was below depreciation and amortization expense of $ 281 million .', 'we continue to invest capital in our best performing operations , including projects to increase custom can capabilities , improve beverage can and end making productivity and add more beverage can capacity in europe , as well as expenditures in the aerospace and technologies segment .', 'of the $ 350 million of planned capital spending for 2008 , approximately $ 180 million will be spent on top-line sales growth projects .', 'debt facilities and refinancing interest-bearing debt at december 31 , 2007 , decreased $ 93.1 million to $ 2358.6 million from $ 2451.7 million at december 31 , 2006 .', 'the 2007 debt decrease from 2006 was primarily attributed to debt payments offset by higher foreign exchange rates .', 'at december 31 , 2007 , $ 705 million was available under the company 2019s multi-currency revolving credit facilities .', 'the company also had $ 345 million of short-term uncommitted credit facilities available at the end of the year , of which $ 49.7 million was outstanding .', 'on october 13 , 2005 , ball refinanced its senior secured credit facilities and during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due august 2006 primarily through the drawdown of funds under the new credit facilities .', 'the refinancing and redemption resulted in a pretax debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) to reflect the call premium associated with the senior notes and the write off of unamortized debt issuance costs .', 'the company has a receivables sales agreement that provides for the ongoing , revolving sale of a designated pool of trade accounts receivable of ball 2019s north american packaging operations , up to $ 250 million .', 'the agreement qualifies as off-balance sheet financing under the provisions of statement of financial accounting standards ( sfas ) no .', '140 , as amended by sfas no .', '156 .', 'net funds received from the sale of the accounts receivable totaled $ 170 million and $ 201.3 million at december 31 , 2007 and 2006 , respectively , and are reflected as a reduction of accounts receivable in the consolidated balance sheets .', 'the company was not in default of any loan agreement at december 31 , 2007 , and has met all payment obligations .', 'the u.s .', 'note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness .', 'additional details about the company 2019s receivables sales agreement and debt are available in notes 7 and 13 , respectively , accompanying the consolidated financial statements within item 8 of this report. .'] | 0.10336 | BLL/2007/page_46.pdf-2 | ['page 30 of 94 are included in capital spending amounts .', 'another example is the company 2019s decision in 2007 to contribute an additional $ 44.5 million ( $ 27.3 million ) to its pension plans as part of its overall debt reduction plan .', 'based on this , our consolidated free cash flow is summarized as follows: .'] | ['based on information currently available , we estimate cash flows from operating activities for 2008 to be approximately $ 650 million , capital spending to be approximately $ 350 million and free cash flow to be in the $ 300 million range .', 'capital spending of $ 259.9 million ( net of $ 48.6 million in insurance recoveries ) in 2007 was below depreciation and amortization expense of $ 281 million .', 'we continue to invest capital in our best performing operations , including projects to increase custom can capabilities , improve beverage can and end making productivity and add more beverage can capacity in europe , as well as expenditures in the aerospace and technologies segment .', 'of the $ 350 million of planned capital spending for 2008 , approximately $ 180 million will be spent on top-line sales growth projects .', 'debt facilities and refinancing interest-bearing debt at december 31 , 2007 , decreased $ 93.1 million to $ 2358.6 million from $ 2451.7 million at december 31 , 2006 .', 'the 2007 debt decrease from 2006 was primarily attributed to debt payments offset by higher foreign exchange rates .', 'at december 31 , 2007 , $ 705 million was available under the company 2019s multi-currency revolving credit facilities .', 'the company also had $ 345 million of short-term uncommitted credit facilities available at the end of the year , of which $ 49.7 million was outstanding .', 'on october 13 , 2005 , ball refinanced its senior secured credit facilities and during the third and fourth quarters of 2005 , ball redeemed its 7.75% ( 7.75 % ) senior notes due august 2006 primarily through the drawdown of funds under the new credit facilities .', 'the refinancing and redemption resulted in a pretax debt refinancing charge of $ 19.3 million ( $ 12.3 million after tax ) to reflect the call premium associated with the senior notes and the write off of unamortized debt issuance costs .', 'the company has a receivables sales agreement that provides for the ongoing , revolving sale of a designated pool of trade accounts receivable of ball 2019s north american packaging operations , up to $ 250 million .', 'the agreement qualifies as off-balance sheet financing under the provisions of statement of financial accounting standards ( sfas ) no .', '140 , as amended by sfas no .', '156 .', 'net funds received from the sale of the accounts receivable totaled $ 170 million and $ 201.3 million at december 31 , 2007 and 2006 , respectively , and are reflected as a reduction of accounts receivable in the consolidated balance sheets .', 'the company was not in default of any loan agreement at december 31 , 2007 , and has met all payment obligations .', 'the u.s .', 'note agreements , bank credit agreement and industrial development revenue bond agreements contain certain restrictions relating to dividends , investments , financial ratios , guarantees and the incurrence of additional indebtedness .', 'additional details about the company 2019s receivables sales agreement and debt are available in notes 7 and 13 , respectively , accompanying the consolidated financial statements within item 8 of this report. .'] | ========================================
Row 1: ( $ in millions ), 2007, 2006, 2005
Row 2: cash flows from operating activities, $ 673.0, $ 401.4, $ 558.8
Row 3: incremental pension funding net of tax, 27.3, 2013, 2013
Row 4: capital spending, -308.5 ( 308.5 ), -279.6 ( 279.6 ), -291.7 ( 291.7 )
Row 5: proceeds for replacement of fire-damaged assets, 48.6, 61.3, 2013
Row 6: free cash flow, $ 440.4, $ 183.1, $ 267.1
======================================== | subtract(308.5, 279.6), divide(#0, 279.6) | 0.10336 |
what was the percentage change in pro forma revenue from 2001 to 2002? | Context: ['disclosure of , the issuance of certain types of guarantees .', 'the adoption of fasb interpretation no .', '45 did not have a signif- icant impact on the net income or equity of the company .', 'in january 2003 , fasb interpretation no .', '46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued .', 'the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights .', 'the company has completed an analysis of this interpretation and has determined that it does not have any vies .', '4 .', 'acquisitions family health plan , inc .', 'effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc .', 'of certain medicaid-related assets for a purchase price of approximately $ 6800 .', 'the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values .', 'hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 .', 'the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit .', 'group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) .', 'the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 .', 'the company paid $ 1800 for its purchase of gpa .', 'the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized .', 'the preliminary allocation has resulted in goodwill of approximately $ 3895 .', 'the goodwill is not amortized and is not deductible for tax purposes .', 'pro forma disclosures related to the acquisition have been excluded as immaterial .', 'scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company .', 'the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit .', 'the investor group who held membership interests in scriptassist included one of the company 2019s executive officers .', 'university health plans , inc .', 'on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc .', '( uhp ) in new jersey .', 'in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock .', 'centene paid a total purchase price of $ 13258 .', 'the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 .', 'the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network .', 'the intangibles are being amortized over a ten-year period .', 'goodwill of $ 7940 is not amortized and is not deductible for tax purposes .', 'changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities .', 'the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 .', 'these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .']
--
Tabular Data:
****************************************
• , 2002, 2001
• revenue, $ 567048, $ 395155
• net earnings, 25869, 11573
• diluted earnings per common share, 1.48, 1.00
****************************************
--
Post-table: ['diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas .', 'the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit .', 'bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 .', 'the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value .', 'centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .'] | 0.435 | CNC/2003/page_41.pdf-1 | ['disclosure of , the issuance of certain types of guarantees .', 'the adoption of fasb interpretation no .', '45 did not have a signif- icant impact on the net income or equity of the company .', 'in january 2003 , fasb interpretation no .', '46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued .', 'the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights .', 'the company has completed an analysis of this interpretation and has determined that it does not have any vies .', '4 .', 'acquisitions family health plan , inc .', 'effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc .', 'of certain medicaid-related assets for a purchase price of approximately $ 6800 .', 'the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values .', 'hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 .', 'the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit .', 'group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) .', 'the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 .', 'the company paid $ 1800 for its purchase of gpa .', 'the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized .', 'the preliminary allocation has resulted in goodwill of approximately $ 3895 .', 'the goodwill is not amortized and is not deductible for tax purposes .', 'pro forma disclosures related to the acquisition have been excluded as immaterial .', 'scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company .', 'the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit .', 'the investor group who held membership interests in scriptassist included one of the company 2019s executive officers .', 'university health plans , inc .', 'on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc .', '( uhp ) in new jersey .', 'in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock .', 'centene paid a total purchase price of $ 13258 .', 'the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 .', 'the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network .', 'the intangibles are being amortized over a ten-year period .', 'goodwill of $ 7940 is not amortized and is not deductible for tax purposes .', 'changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities .', 'the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 .', 'these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. .'] | ['diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas .', 'the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit .', 'bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 .', 'the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value .', 'centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .'] | ****************************************
• , 2002, 2001
• revenue, $ 567048, $ 395155
• net earnings, 25869, 11573
• diluted earnings per common share, 1.48, 1.00
**************************************** | subtract(567048, 395155), divide(#0, 395155) | 0.435 |
what was the percent of the number of shares purchased in october 1 - 31 2017 as part of the 2017 total | 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 ) .']
Table:
period | totalnumberof sharespurchased ( 1 ) | averageprice paidper share | total numberof sharespurchased aspart of publiclyannounced program | approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )
----------|----------|----------|----------|----------
october 1 - 31 2017 | 10676 | $ 104.10 | 2014 | $ 1531000000
november 1 - 30 2017 | 924 | $ 104.02 | 2014 | $ 1531000000
december 1 - 31 2017 | 38605 | $ 106.36 | 2014 | $ 1531000000
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. ."] | 0.21265 | CE/2017/page_37.pdf-4 | ['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. ."] | period | totalnumberof sharespurchased ( 1 ) | averageprice paidper share | total numberof sharespurchased aspart of publiclyannounced program | approximatedollarvalue of sharesremaining thatmay bepurchased underthe program ( 2 )
----------|----------|----------|----------|----------
october 1 - 31 2017 | 10676 | $ 104.10 | 2014 | $ 1531000000
november 1 - 30 2017 | 924 | $ 104.02 | 2014 | $ 1531000000
december 1 - 31 2017 | 38605 | $ 106.36 | 2014 | $ 1531000000
total | 50205 | | 2014 | | divide(10676, 50205) | 0.21265 |
what was the percentage change in the weighted average cost per share from 2014 to 2015 | Pre-text: ['republic services , inc .', 'notes to consolidated financial statements 2014 ( continued ) charges or other amounts due that are probable at settlement .', 'the aggregate cash surrender value of these life insurance policies was $ 90.5 million and $ 77.1 million as of december 31 , 2015 and 2014 , respectively , and is classified in other assets in our consolidated balance sheets .', 'the dcp liability was $ 83.3 million and $ 76.3 million as of december 31 , 2015 and 2014 , respectively , and is classified in other long-term liabilities in our consolidated balance sheets .', 'employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan .', 'the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter .', 'for the years ended december 31 , 2015 , 2014 and 2013 , issuances under this plan totaled 141055 shares , 139941 shares and 142217 shares , respectively .', 'as of december 31 , 2015 , shares reserved for issuance to employees under this plan totaled 0.6 million and republic held employee contributions of approximately $ 1.4 million for the purchase of common stock .', '12 .', 'stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2015 and 2014 follows ( in millions except per share amounts ) : .']
Data Table:
****************************************
, 2015, 2014
number of shares repurchased, 9.8, 11.1
amount paid, $ 404.7, $ 400.4
weighted average cost per share, $ 41.39, $ 35.92
****************************************
Follow-up: ['as of december 31 , 2015 , 0.1 million repurchased shares were pending settlement and $ 3.7 million were unpaid and included within our accrued liabilities .', 'in october 2015 , our board of directors added $ 900.0 million to the existing share repurchase authorization , which now extends through december 31 , 2017 .', 'share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .', 'while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .', 'the share repurchase program may be extended , suspended or discontinued at any time .', 'as of december 31 , 2015 , the october 2015 repurchase program had remaining authorized purchase capacity of $ 855.5 million .', 'in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued .', 'in doing so , the number of our issued shares was reduced by the stated amount .', 'our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital .', 'the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital .', 'there was no effect on our total stockholders 2019 equity position as a result of the change .', 'dividends in october 2015 , our board of directors approved a quarterly dividend of $ 0.30 per share .', 'cash dividends declared were $ 404.3 million , $ 383.6 million and $ 357.3 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .', 'as of december 31 , 2015 , we recorded a quarterly dividend payable of $ 103.7 million to shareholders of record at the close of business on january 4 , 2016. .'] | 0.15228 | RSG/2015/page_137.pdf-1 | ['republic services , inc .', 'notes to consolidated financial statements 2014 ( continued ) charges or other amounts due that are probable at settlement .', 'the aggregate cash surrender value of these life insurance policies was $ 90.5 million and $ 77.1 million as of december 31 , 2015 and 2014 , respectively , and is classified in other assets in our consolidated balance sheets .', 'the dcp liability was $ 83.3 million and $ 76.3 million as of december 31 , 2015 and 2014 , respectively , and is classified in other long-term liabilities in our consolidated balance sheets .', 'employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan .', 'the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter .', 'for the years ended december 31 , 2015 , 2014 and 2013 , issuances under this plan totaled 141055 shares , 139941 shares and 142217 shares , respectively .', 'as of december 31 , 2015 , shares reserved for issuance to employees under this plan totaled 0.6 million and republic held employee contributions of approximately $ 1.4 million for the purchase of common stock .', '12 .', 'stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2015 and 2014 follows ( in millions except per share amounts ) : .'] | ['as of december 31 , 2015 , 0.1 million repurchased shares were pending settlement and $ 3.7 million were unpaid and included within our accrued liabilities .', 'in october 2015 , our board of directors added $ 900.0 million to the existing share repurchase authorization , which now extends through december 31 , 2017 .', 'share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws .', 'while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors .', 'the share repurchase program may be extended , suspended or discontinued at any time .', 'as of december 31 , 2015 , the october 2015 repurchase program had remaining authorized purchase capacity of $ 855.5 million .', 'in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued .', 'in doing so , the number of our issued shares was reduced by the stated amount .', 'our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital .', 'the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital .', 'there was no effect on our total stockholders 2019 equity position as a result of the change .', 'dividends in october 2015 , our board of directors approved a quarterly dividend of $ 0.30 per share .', 'cash dividends declared were $ 404.3 million , $ 383.6 million and $ 357.3 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively .', 'as of december 31 , 2015 , we recorded a quarterly dividend payable of $ 103.7 million to shareholders of record at the close of business on january 4 , 2016. .'] | ****************************************
, 2015, 2014
number of shares repurchased, 9.8, 11.1
amount paid, $ 404.7, $ 400.4
weighted average cost per share, $ 41.39, $ 35.92
**************************************** | subtract(41.39, 35.92), divide(#0, 35.92) | 0.15228 |
as of december 31 , 2016 , what percentage of manufacturing and processing facilities are leased? | Background: ['item 1b .', 'unresolved staff comments .', 'item 2 .', 'properties .', 'our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .', 'our co-headquarters are leased and house our executive offices , certain u.s .', 'business units , and our administrative , finance , and human resource functions .', 'we maintain additional owned and leased offices throughout the regions in which we operate .', 'we manufacture our products in our network of manufacturing and processing facilities located throughout the world .', 'as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .', 'we own 83 and lease four of these facilities .', 'our manufacturing and processing facilities count by segment as of december 31 , 2016 was: .']
----------
Table:
****************************************
, owned, leased
united states, 43, 2
canada, 3, 2014
europe, 11, 2014
rest of world, 26, 2
****************************************
----------
Follow-up: ['we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .', 'we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .', 'in the fourth quarter of 2016 , we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment .', 'we have reflected this change in the table above .', 'see note 18 , segment reporting , to the consolidated financial statements for additional information .', 'several of our current manufacturing and processing facilities are scheduled to be closed within the next year .', 'see note 3 , integration and restructuring expenses , to the consolidated financial statements for additional information .', 'item 3 .', 'legal proceedings .', 'we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .', 'on april 1 , 2015 , the commodity futures trading commission ( 201ccftc 201d ) filed a formal complaint against mondel 0113z international ( formerly known as kraft foods inc. ) and kraft in the u.s .', 'district court for the northern district of illinois , eastern division , related to activities involving the trading of december 2011 wheat futures contracts .', 'the complaint alleges that mondel 0113z international and kraft ( 1 ) manipulated or attempted to manipulate the wheat markets during the fall of 2011 , ( 2 ) violated position limit levels for wheat futures , and ( 3 ) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts .', 'as previously disclosed by kraft , these activities arose prior to the october 1 , 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates .', 'the separation and distribution agreement between kraft and mondel 0113z international , dated as of september 27 , 2012 , governs the allocation of liabilities between mondel 0113z international and kraft and , accordingly , mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose .', 'we do not expect this matter to have a material adverse effect on our financial condition , results of operations , or business .', 'while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .', 'item 4 .', 'mine safety disclosures .', 'not applicable. .'] | 0.04598 | KHC/2016/page_23.pdf-2 | ['item 1b .', 'unresolved staff comments .', 'item 2 .', 'properties .', 'our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois .', 'our co-headquarters are leased and house our executive offices , certain u.s .', 'business units , and our administrative , finance , and human resource functions .', 'we maintain additional owned and leased offices throughout the regions in which we operate .', 'we manufacture our products in our network of manufacturing and processing facilities located throughout the world .', 'as of december 31 , 2016 , we operated 87 manufacturing and processing facilities .', 'we own 83 and lease four of these facilities .', 'our manufacturing and processing facilities count by segment as of december 31 , 2016 was: .'] | ['we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs .', 'we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products .', 'in the fourth quarter of 2016 , we reorganized our segment structure to move our russia business from the rest of world segment to the europe segment .', 'we have reflected this change in the table above .', 'see note 18 , segment reporting , to the consolidated financial statements for additional information .', 'several of our current manufacturing and processing facilities are scheduled to be closed within the next year .', 'see note 3 , integration and restructuring expenses , to the consolidated financial statements for additional information .', 'item 3 .', 'legal proceedings .', 'we are routinely involved in legal proceedings , claims , and governmental inquiries , inspections or investigations ( 201clegal matters 201d ) arising in the ordinary course of our business .', 'on april 1 , 2015 , the commodity futures trading commission ( 201ccftc 201d ) filed a formal complaint against mondel 0113z international ( formerly known as kraft foods inc. ) and kraft in the u.s .', 'district court for the northern district of illinois , eastern division , related to activities involving the trading of december 2011 wheat futures contracts .', 'the complaint alleges that mondel 0113z international and kraft ( 1 ) manipulated or attempted to manipulate the wheat markets during the fall of 2011 , ( 2 ) violated position limit levels for wheat futures , and ( 3 ) engaged in non-competitive trades by trading both sides of exchange-for-physical chicago board of trade wheat contracts .', 'as previously disclosed by kraft , these activities arose prior to the october 1 , 2012 spin-off of kraft by mondel 0113z international to its shareholders and involve the business now owned and operated by mondel 0113z international or its affiliates .', 'the separation and distribution agreement between kraft and mondel 0113z international , dated as of september 27 , 2012 , governs the allocation of liabilities between mondel 0113z international and kraft and , accordingly , mondel 0113z international will predominantly bear the costs of this matter and any monetary penalties or other payments that the cftc may impose .', 'we do not expect this matter to have a material adverse effect on our financial condition , results of operations , or business .', 'while we cannot predict with certainty the results of legal matters in which we are currently involved or may in the future be involved , we do not expect that the ultimate costs to resolve any of the legal matters that are currently pending will have a material adverse effect on our financial condition or results of operations .', 'item 4 .', 'mine safety disclosures .', 'not applicable. .'] | ****************************************
, owned, leased
united states, 43, 2
canada, 3, 2014
europe, 11, 2014
rest of world, 26, 2
**************************************** | divide(const_4, 87) | 0.04598 |
what is the percentage change in risk-free interest rate from 2007 to 2008? | Pre-text: ['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 ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .', 'for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .', 'during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .', 'once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .', 'it will continue in effect until terminated by the board .', 'this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .', 'during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .', 'accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .', 'the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .', 'as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .', 'under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .', 'as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .', 'stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .', 'stock options are generally granted with a 3-year vesting period and a 10-year term .', 'the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .', 'included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .', 'the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .', 'the risk-free inter- est rate is based on the u.s .', 'treasury yield curve in effect at the time of grant .', 'the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .', 'expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .', 'the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: .']
##
Tabular Data:
Row 1: , 2008, 2007, 2006
Row 2: dividend yield, 1.80% ( 1.80 % ), 1.78% ( 1.78 % ), 1.64% ( 1.64 % )
Row 3: expected volatility, 32.20% ( 32.20 % ), 27.43% ( 27.43 % ), 31.29% ( 31.29 % )
Row 4: risk-free interest rate, 3.15% ( 3.15 % ), 4.51% ( 4.51 % ), 4.60% ( 4.60 % )
Row 5: forfeiture rate, 7.5% ( 7.5 % ), 7.5% ( 7.5 % ), 7.5% ( 7.5 % )
Row 6: expected life, 5.7 years, 5.6 years, 6 years
##
Follow-up: ['.'] | -0.30155 | CB/2008/page_216.pdf-2 | ['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 ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .', 'for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .', 'during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .', 'once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .', 'it will continue in effect until terminated by the board .', 'this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .', 'during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .', 'accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .', 'the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .', 'as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .', 'under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .', 'as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .', 'stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .', 'stock options are generally granted with a 3-year vesting period and a 10-year term .', 'the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .', 'included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .', 'the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .', 'the risk-free inter- est rate is based on the u.s .', 'treasury yield curve in effect at the time of grant .', 'the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .', 'expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .', 'the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: .'] | ['.'] | Row 1: , 2008, 2007, 2006
Row 2: dividend yield, 1.80% ( 1.80 % ), 1.78% ( 1.78 % ), 1.64% ( 1.64 % )
Row 3: expected volatility, 32.20% ( 32.20 % ), 27.43% ( 27.43 % ), 31.29% ( 31.29 % )
Row 4: risk-free interest rate, 3.15% ( 3.15 % ), 4.51% ( 4.51 % ), 4.60% ( 4.60 % )
Row 5: forfeiture rate, 7.5% ( 7.5 % ), 7.5% ( 7.5 % ), 7.5% ( 7.5 % )
Row 6: expected life, 5.7 years, 5.6 years, 6 years | subtract(3.15, 4.51), divide(#0, 4.51) | -0.30155 |
what is the average capacity per liquids terminal in mmbbl? | Background: ['in direct competition with other co2 pipelines .', 'we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area .', 'terminals our terminals segment includes the operations of our petroleum , chemical , ethanol and other liquids terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk material services facilities , including all transload , engineering , conveying and other in-plant services .', 'our terminals are located throughout the u.s .', 'and in portions of canada .', 'we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide us opportunities for expansion .', 'we often classify our terminal operations based on the handling of either liquids or dry-bulk material products .', 'in addition , we have jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined products in the u.s .', 'the following summarizes our terminals segment assets , as of december 31 , 2014 : number capacity ( mmbbl ) .']
------
Tabular Data:
****************************************
number capacity ( mmbbl )
liquids terminals 39 78.0
bulk terminals 78 n/a
materials services locations 8 n/a
jones act qualified tankers 7 2.3
****************************************
------
Additional Information: ['competition we are one of the largest independent operators of liquids terminals in the u.s , based on barrels of liquids terminaling capacity .', 'our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical and pipeline companies .', 'our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminal services .', 'in some locations , competitors are smaller , independent operators with lower cost structures .', 'our rail transloading ( material services ) operations compete with a variety of single- or multi-site transload , warehouse and terminal operators across the u.s .', 'our jones act qualified product tankers compete with other jones act qualified vessel fleets .', 'table of contents .'] | 2.0 | KMI/2014/page_18.pdf-1 | ['in direct competition with other co2 pipelines .', 'we also compete with other interest owners in the mcelmo dome unit and the bravo dome unit for transportation of co2 to the denver city , texas market area .', 'terminals our terminals segment includes the operations of our petroleum , chemical , ethanol and other liquids terminal facilities ( other than those included in the products pipelines segment ) and all of our coal , petroleum coke , fertilizer , steel , ores and other dry-bulk material services facilities , including all transload , engineering , conveying and other in-plant services .', 'our terminals are located throughout the u.s .', 'and in portions of canada .', 'we believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide us opportunities for expansion .', 'we often classify our terminal operations based on the handling of either liquids or dry-bulk material products .', 'in addition , we have jones act qualified product tankers that provide marine transportation of crude oil , condensate and refined products in the u.s .', 'the following summarizes our terminals segment assets , as of december 31 , 2014 : number capacity ( mmbbl ) .'] | ['competition we are one of the largest independent operators of liquids terminals in the u.s , based on barrels of liquids terminaling capacity .', 'our liquids terminals compete with other publicly or privately held independent liquids terminals , and terminals owned by oil , chemical and pipeline companies .', 'our bulk terminals compete with numerous independent terminal operators , terminals owned by producers and distributors of bulk commodities , stevedoring companies and other industrial companies opting not to outsource terminal services .', 'in some locations , competitors are smaller , independent operators with lower cost structures .', 'our rail transloading ( material services ) operations compete with a variety of single- or multi-site transload , warehouse and terminal operators across the u.s .', 'our jones act qualified product tankers compete with other jones act qualified vessel fleets .', 'table of contents .'] | ****************************************
number capacity ( mmbbl )
liquids terminals 39 78.0
bulk terminals 78 n/a
materials services locations 8 n/a
jones act qualified tankers 7 2.3
**************************************** | divide(78.0, 39) | 2.0 |
debt in december 2013 , what was the percent of the net of discounts and issuance costs associated with the issuance fixed and floating rate senior notes in conjunction with the planned geosouthern acquisition | Pre-text: ['devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note .', 'geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs .', 'the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly .', 'the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly .', 'the schedule below summarizes the key terms of these notes ( in millions ) . .']
--------
Data Table:
----------------------------------------
floating rate due december 15 2015 | $ 500
floating rate due december 15 2016 | 350
1.20% ( 1.20 % ) due december 15 2016 ( 1 ) | 650
2.25% ( 2.25 % ) due december 15 2018 | 750
discount and issuance costs | -2 ( 2 )
net proceeds | $ 2248
----------------------------------------
--------
Follow-up: ['( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 .', 'the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 .', 'on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt .', 'additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs .', 'in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s .', 'in june 2014 , at which point the term loan was terminated. .'] | 0.02273 | DVN/2014/page_88.pdf-2 | ['devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) other debentures and notes following are descriptions of the various other debentures and notes outstanding at december 31 , 2014 and 2013 , as listed in the table presented at the beginning of this note .', 'geosouthern debt in december 2013 , in conjunction with the planned geosouthern acquisition , devon issued $ 2.25 billion aggregate principal amount of fixed and floating rate senior notes resulting in cash proceeds of approximately $ 2.2 billion , net of discounts and issuance costs .', 'the floating rate senior notes due in 2015 bear interest at a rate equal to three-month libor plus 0.45 percent , which rate will be reset quarterly .', 'the floating rate senior notes due in 2016 bears interest at a rate equal to three-month libor plus 0.54 percent , which rate will be reset quarterly .', 'the schedule below summarizes the key terms of these notes ( in millions ) . .'] | ['( 1 ) the 1.20% ( 1.20 % ) $ 650 million note due december 15 , 2016 was redeemed on november 13 , 2014 .', 'the senior notes were classified as short-term debt on devon 2019s consolidated balance sheet as of december 31 , 2013 due to certain redemption features in the event that the geosouthern acquisition was not completed on or prior to june 30 , 2014 .', 'on february 28 , 2014 , the geosouthern acquisition closed and thus the senior notes were subsequently classified as long-term debt .', 'additionally , during december 2013 , devon entered into a term loan agreement with a group of major financial institutions pursuant to which devon could draw up to $ 2.0 billion to finance , in part , the geosouthern acquisition and to pay transaction costs .', 'in february 2014 , devon drew the $ 2.0 billion of term loans for the geosouthern transaction , and the amount was subsequently repaid on june 30 , 2014 with the canadian divestiture proceeds that were repatriated to the u.s .', 'in june 2014 , at which point the term loan was terminated. .'] | ----------------------------------------
floating rate due december 15 2015 | $ 500
floating rate due december 15 2016 | 350
1.20% ( 1.20 % ) due december 15 2016 ( 1 ) | 650
2.25% ( 2.25 % ) due december 15 2018 | 750
discount and issuance costs | -2 ( 2 )
net proceeds | $ 2248
---------------------------------------- | subtract(2.25, 2.2), divide(#0, 2.2) | 0.02273 |
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