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what was the change in research and development net in millions from 2016 to 2017?
Important information:
text_12: actual outcomes could differ from those estimates .
table_1: ( $ in millions ) the research and development 2013 total of 2018 is $ 464 ; the research and development 2013 total of 2017 is $ 472 ; the research and development 2013 total of 2016 is $ 473 ;
table_3: ( $ in millions ) the research and development net of 2018 is $ 441 ; the research and development net of 2017 is $ 451 ; the research and development net of 2016 is $ 453 ;
Reasoning Steps:
Step: minus1-1(451, 453) = -2
Program:
subtract(451, 453)
Program (Nested):
subtract(451, 453)
| -2.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
52 2018 ppg annual report and 10-k 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of income or losses from such equity affiliates is included in the consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in investments on the consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition revenue is recognized as performance obligations with the customer are satisfied , at an amount that is determined to be collectible . for the sale of products , this generally occurs at the point in time when control of the company 2019s products transfers to the customer based on the agreed upon shipping terms . shipping and handling costs amounts billed to customers for shipping and handling are reported in net sales in the consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in cost of sales , exclusive of depreciation and amortization in the consolidated statement of income . selling , general and administrative costs amounts presented in selling , general and administrative in the consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate-wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company-owned and leased warehouses and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 280 million , $ 313 million and $ 322 million in 2018 , 2017 and 2016 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. .
Table
( $ in millions ) | 2018 | 2017 | 2016
research and development 2013 total | $ 464 | $ 472 | $ 473
less depreciation on research facilities | 23 | 21 | 20
research and development net | $ 441 | $ 451 | $ 453
legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . income taxes income taxes are accounted for under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating losses and tax credit carryforwards as well as differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . the effect on deferred notes to the consolidated financial statements .
Question:
what was the change in research and development net in millions from 2016 to 2017?
Important information:
text_12: actual outcomes could differ from those estimates .
table_1: ( $ in millions ) the research and development 2013 total of 2018 is $ 464 ; the research and development 2013 total of 2017 is $ 472 ; the research and development 2013 total of 2016 is $ 473 ;
table_3: ( $ in millions ) the research and development net of 2018 is $ 441 ; the research and development net of 2017 is $ 451 ; the research and development net of 2016 is $ 453 ;
Reasoning Steps:
Step: minus1-1(451, 453) = -2
Program:
subtract(451, 453)
Program (Nested):
subtract(451, 453)
| finqa6206 |
what was the percentage change in equipment rents payable from 2011 to 2012?
Important information:
table_1: millions the accounts payable of dec . 31 2012 is $ 825 ; the accounts payable of dec . 312011 is $ 819 ;
table_4: millions the dividends payable of dec . 31 2012 is 318 ; the dividends payable of dec . 312011 is 284 ;
table_7: millions the equipment rents payable of dec . 31 2012 is 95 ; the equipment rents payable of dec . 312011 is 90 ;
Reasoning Steps:
Step: minus2-1(95, 90) = 5
Step: divide2-2(#0, 90) = 6%
Program:
subtract(95, 90), divide(#0, 90)
Program (Nested):
divide(subtract(95, 90), 90)
| 0.05556 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance , including rail grinding , are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.1 billion for 2012 , $ 2.2 billion for 2011 , and $ 2.0 billion for 2010 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2012 2011 .
Table
millions | dec . 31 2012 | dec . 312011
accounts payable | $ 825 | $ 819
accrued wages and vacation | 376 | 363
income and other taxes | 368 | 482
dividends payable | 318 | 284
accrued casualty costs | 213 | 249
interest payable | 172 | 197
equipment rents payable | 95 | 90
other | 556 | 624
total accounts payable and othercurrent liabilities | $ 2923 | $ 3108
.
Question:
what was the percentage change in equipment rents payable from 2011 to 2012?
Important information:
table_1: millions the accounts payable of dec . 31 2012 is $ 825 ; the accounts payable of dec . 312011 is $ 819 ;
table_4: millions the dividends payable of dec . 31 2012 is 318 ; the dividends payable of dec . 312011 is 284 ;
table_7: millions the equipment rents payable of dec . 31 2012 is 95 ; the equipment rents payable of dec . 312011 is 90 ;
Reasoning Steps:
Step: minus2-1(95, 90) = 5
Step: divide2-2(#0, 90) = 6%
Program:
subtract(95, 90), divide(#0, 90)
Program (Nested):
divide(subtract(95, 90), 90)
| finqa6207 |
what was the average revenue in agriculture , in millions , from 2008-2010?
Important information:
text_0: average revenue per car 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 .
table_1: average revenue per car the agricultural of 2010 is $ 3286 ; the agricultural of 2009 is $ 3080 ; the agricultural of 2008 is $ 3352 ; the agricultural of % ( % ) change 2010 v 2009 is 7% ( 7 % ) ; the agricultural of % ( % ) change 2009 v 2008 is ( 8 ) % ( % ) ;
table_7: average revenue per car the average of 2010 is $ 1823 ; the average of 2009 is $ 1718 ; the average of 2008 is $ 1848 ; the average of % ( % ) change 2010 v 2009 is 6% ( 6 % ) ; the average of % ( % ) change 2009 v 2008 is ( 7 ) % ( % ) ;
Reasoning Steps:
Step: add2-1(3286, 3080) = 6366
Step: add2-2(#0, 3352) = 9718
Step: divide2-3(#1, const_3) = 3239.33
Program:
add(3286, 3080), add(#0, 3352), divide(#1, const_3)
Program (Nested):
divide(add(add(3286, 3080), 3352), const_3)
| 3239.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
average revenue per car 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 .
Table
average revenue per car | 2010 | 2009 | 2008 | % ( % ) change 2010 v 2009 | % ( % ) change 2009 v 2008
agricultural | $ 3286 | $ 3080 | $ 3352 | 7% ( 7 % ) | ( 8 ) % ( % )
automotive | 2082 | 1838 | 2017 | 13 | -9 ( 9 )
chemicals | 2874 | 2761 | 2818 | 4 | -2 ( 2 )
energy | 1697 | 1543 | 1622 | 10 | -5 ( 5 )
industrial products | 2461 | 2388 | 2620 | 3 | -9 ( 9 )
intermodal | 974 | 896 | 955 | 9 | -6 ( 6 )
average | $ 1823 | $ 1718 | $ 1848 | 6% ( 6 % ) | ( 7 ) % ( % )
agricultural products 2013 higher volume , fuel surcharges , and price improvements increased agricultural freight revenue in 2010 versus 2009 . increased shipments from the midwest to export ports in the pacific northwest combined with heightened demand in mexico drove higher corn and feed grain shipments in 2010 . increased corn and feed grain shipments into ethanol plants in california and idaho and continued growth in ethanol shipments also contributed to this increase . in 2009 , some ethanol plants temporarily ceased operations due to lower ethanol margins , which contributed to the favorable year-over-year comparison . in addition , strong export demand for u.s . wheat via the gulf ports increased shipments of wheat and food grains compared to 2009 . declines in domestic wheat and food shipments partially offset the growth in export shipments . new business in feed and animal protein shipments also increased agricultural shipments in 2010 compared to 2009 . lower volume and fuel surcharges decreased agricultural freight revenue in 2009 versus 2008 . price improvements partially offset these declines . lower demand in both export and domestic markets led to fewer shipments of corn and feed grains , down 11% ( 11 % ) in 2009 compared to 2008 . weaker worldwide demand also reduced export shipments of wheat and food grains in 2009 versus 2008 . automotive 2013 37% ( 37 % ) and 24% ( 24 % ) increases in shipments of finished vehicles and automotive parts in 2010 , respectively , combined with core pricing gains and fuel surcharges , improved automotive freight revenue from relatively weak 2009 levels . economic conditions in 2009 led to poor auto sales and reduced vehicle production , which in turn reduced shipments of finished vehicles and parts during the declines in shipments of finished vehicles and auto parts and lower fuel surcharges reduced freight revenue in 2009 compared to 2008 . vehicle shipments were down 35% ( 35 % ) and parts were down 24% ( 24 % ) . core pricing gains partially offset these declines . these volume declines resulted from economic conditions that reduced sales and vehicle production . in addition , two major domestic automotive manufacturers declared bankruptcy in the second quarter of 2009 , affecting production levels . although the federal car allowance rebate system ( the 201ccash for clunkers 201d program ) helped stimulate vehicle sales and shipments in the third quarter of 2009 , production cuts and soft demand throughout the year more than offset the program 2019s benefits . 2010 agricultural revenue 2010 automotive revenue .
Question:
what was the average revenue in agriculture , in millions , from 2008-2010?
Important information:
text_0: average revenue per car 2010 2009 2008 % ( % ) change 2010 v 2009 % ( % ) change 2009 v 2008 .
table_1: average revenue per car the agricultural of 2010 is $ 3286 ; the agricultural of 2009 is $ 3080 ; the agricultural of 2008 is $ 3352 ; the agricultural of % ( % ) change 2010 v 2009 is 7% ( 7 % ) ; the agricultural of % ( % ) change 2009 v 2008 is ( 8 ) % ( % ) ;
table_7: average revenue per car the average of 2010 is $ 1823 ; the average of 2009 is $ 1718 ; the average of 2008 is $ 1848 ; the average of % ( % ) change 2010 v 2009 is 6% ( 6 % ) ; the average of % ( % ) change 2009 v 2008 is ( 7 ) % ( % ) ;
Reasoning Steps:
Step: add2-1(3286, 3080) = 6366
Step: add2-2(#0, 3352) = 9718
Step: divide2-3(#1, const_3) = 3239.33
Program:
add(3286, 3080), add(#0, 3352), divide(#1, const_3)
Program (Nested):
divide(add(add(3286, 3080), 3352), const_3)
| finqa6208 |
what is the growth rate in brent oil prices from 2016 to 2017?
Important information:
table_1: the brent oil prices ( $ /bbl ) ( 1 ) of 2018 is $ 71.34 ; the brent oil prices ( $ /bbl ) ( 1 ) of 2017 is $ 54.12 ; the brent oil prices ( $ /bbl ) ( 1 ) of 2016 is $ 43.64 ;
text_5: brent oil prices ( $ /bbl ) ( 1 ) $ 71.34 $ 54.12 $ 43.64 wti oil prices ( $ /bbl ) ( 2 ) 65.23 50.80 43.29 natural gas prices ( $ /mmbtu ) ( 3 ) 3.15 2.99 2.52 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel ( 2 ) eia cushing , ok wti ( west texas intermediate ) spot price ( 3 ) eia henry hub natural gas spot price per million british thermal unit 2018 demonstrated the volatility of the oil and gas market .
text_11: average brent oil prices increased to $ 71.34/bbl in 2018 from $ 54.12/bbl in 2017 , and ranged from a low of $ 50.57/bbl in december 2018 , to a high of $ 86.07/bbl in october 2018 .
Reasoning Steps:
Step: minus2-1(54.12, 43.64) = 10.48
Step: divide2-2(#0, 43.64) = 24.0%
Program:
subtract(54.12, 43.64), divide(#0, 43.64)
Program (Nested):
divide(subtract(54.12, 43.64), 43.64)
| 0.24015 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
bhge 2018 form 10-k | 31 business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2018 , 2017 and 2016 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company . we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources . our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production . this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows . oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. .
Table
| 2018 | 2017 | 2016
brent oil prices ( $ /bbl ) ( 1 ) | $ 71.34 | $ 54.12 | $ 43.64
wti oil prices ( $ /bbl ) ( 2 ) | 65.23 | 50.80 | 43.29
natural gas prices ( $ /mmbtu ) ( 3 ) | 3.15 | 2.99 | 2.52
brent oil prices ( $ /bbl ) ( 1 ) $ 71.34 $ 54.12 $ 43.64 wti oil prices ( $ /bbl ) ( 2 ) 65.23 50.80 43.29 natural gas prices ( $ /mmbtu ) ( 3 ) 3.15 2.99 2.52 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel ( 2 ) eia cushing , ok wti ( west texas intermediate ) spot price ( 3 ) eia henry hub natural gas spot price per million british thermal unit 2018 demonstrated the volatility of the oil and gas market . through the first three quarters of 2018 , we experienced stability in the north american and international markets . however , in the fourth quarter of 2018 commodity prices dropped nearly 40% ( 40 % ) resulting in increased customer uncertainty . from an offshore standpoint , through most of 2018 , we saw multiple large offshore projects reach positive final investment decisions , and the lng market and outlook improved throughout 2018 , driven by increased demand globally . in 2018 , the first large north american lng positive final investment decision was reached . outside of north america , customer spending is highly driven by brent oil prices , which increased on average throughout the year . average brent oil prices increased to $ 71.34/bbl in 2018 from $ 54.12/bbl in 2017 , and ranged from a low of $ 50.57/bbl in december 2018 , to a high of $ 86.07/bbl in october 2018 . for the first three quarters of 2018 , brent oil prices increased sequentially . however , in the fourth quarter , brent oil prices declined 39% ( 39 % ) versus the end of the third quarter , as a result of increased supply from the u.s. , worries of a global economic slowdown , and lower than expected production cuts . in north america , customer spending is highly driven by wti oil prices , which similar to brent oil prices , on average increased throughout the year . average wti oil prices increased to $ 65.23/bbl in 2018 from $ 50.80/bbl in 2017 , and ranged from a low of $ 44.48/bbl in december 2018 , to a high of $ 77.41/bbl in june 2018 . in north america , natural gas prices , as measured by the henry hub natural gas spot price , averaged $ 3.15/ mmbtu in 2018 , representing a 6% ( 6 % ) increase over the prior year . throughout the year , henry hub natural gas spot prices ranged from a high of $ 6.24/mmbtu in january 2018 to a low of $ 2.49/mmbtu in february 2018 . according to the u.s . department of energy ( doe ) , working natural gas in storage at the end of 2018 was 2705 billion cubic feet ( bcf ) , which was 15.6% ( 15.6 % ) , or 421 bcf , below the corresponding week in 2017. .
Question:
what is the growth rate in brent oil prices from 2016 to 2017?
Important information:
table_1: the brent oil prices ( $ /bbl ) ( 1 ) of 2018 is $ 71.34 ; the brent oil prices ( $ /bbl ) ( 1 ) of 2017 is $ 54.12 ; the brent oil prices ( $ /bbl ) ( 1 ) of 2016 is $ 43.64 ;
text_5: brent oil prices ( $ /bbl ) ( 1 ) $ 71.34 $ 54.12 $ 43.64 wti oil prices ( $ /bbl ) ( 2 ) 65.23 50.80 43.29 natural gas prices ( $ /mmbtu ) ( 3 ) 3.15 2.99 2.52 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel ( 2 ) eia cushing , ok wti ( west texas intermediate ) spot price ( 3 ) eia henry hub natural gas spot price per million british thermal unit 2018 demonstrated the volatility of the oil and gas market .
text_11: average brent oil prices increased to $ 71.34/bbl in 2018 from $ 54.12/bbl in 2017 , and ranged from a low of $ 50.57/bbl in december 2018 , to a high of $ 86.07/bbl in october 2018 .
Reasoning Steps:
Step: minus2-1(54.12, 43.64) = 10.48
Step: divide2-2(#0, 43.64) = 24.0%
Program:
subtract(54.12, 43.64), divide(#0, 43.64)
Program (Nested):
divide(subtract(54.12, 43.64), 43.64)
| finqa6209 |
what was the ratio of the comcast corporation finite-lived intangible assets in 2016 to 2017
Important information:
text_0: comcast corporation finite-lived intangible assets estimated amortization expense of finite-lived intangible assets ( in millions ) .
table_0: 2016 the 2016 of $ 1785 is $ 1785 ;
table_1: 2016 the 2017 of $ 1785 is $ 1612 ;
Reasoning Steps:
Step: divide1-1(1785, 1612) = 1.1
Program:
divide(1785, 1612)
Program (Nested):
divide(1785, 1612)
| 1.10732 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
comcast corporation finite-lived intangible assets estimated amortization expense of finite-lived intangible assets ( in millions ) .
Table
2016 | $ 1785
2017 | $ 1612
2018 | $ 1365
2019 | $ 1039
2020 | $ 902
finite-lived intangible assets are subject to amortization and consist primarily of customer relationships acquired in business combinations , software , cable franchise renewal costs , contractual operating rights and intellectual property rights . our finite-lived intangible assets are amortized primarily on a straight-line basis over their estimated useful life or the term of the associated agreement . we capitalize direct development costs associated with internal-use software , including external direct costs of material and services and payroll costs for employees devoting time to these software projects . we also capitalize costs associated with the purchase of software licenses . we include these costs in other intangible assets and generally amortize them on a straight-line basis over a period not to exceed five years . we expense maintenance and training costs , as well as costs incurred during the preliminary stage of a project , as they are incurred . we capitalize initial operating system software costs and amortize them over the life of the associated hardware . we evaluate the recoverability of our finite-lived intangible assets whenever events or substantive changes in circumstances indicate that the carrying amount may not be recoverable . the evaluation is based on the cash flows generated by the underlying asset groups , including estimated future operating results , trends or other determinants of fair value . if the total of the expected future undiscounted cash flows were less than the carry- ing amount of the asset group , we would recognize an impairment charge to the extent the carrying amount of the asset group exceeded its estimated fair value . unless presented separately , the impairment charge is included as a component of amortization expense . 97 comcast 2015 annual report on form 10-k .
Question:
what was the ratio of the comcast corporation finite-lived intangible assets in 2016 to 2017
Important information:
text_0: comcast corporation finite-lived intangible assets estimated amortization expense of finite-lived intangible assets ( in millions ) .
table_0: 2016 the 2016 of $ 1785 is $ 1785 ;
table_1: 2016 the 2017 of $ 1785 is $ 1612 ;
Reasoning Steps:
Step: divide1-1(1785, 1612) = 1.1
Program:
divide(1785, 1612)
Program (Nested):
divide(1785, 1612)
| finqa6210 |
what was the percentage change in the unrecognized tax benefits from 2012 to 2013?
Important information:
table_1: ( millions ) the balance at january 1 of 2013 is $ 82 ; the balance at january 1 of 2012 is $ 107 ; the balance at january 1 of 2011 is $ 111 ;
table_5: ( millions ) the pre-acquisition unrecognized tax benefits of 2013 is 2014 ; the pre-acquisition unrecognized tax benefits of 2012 is 2 ; the pre-acquisition unrecognized tax benefits of 2011 is 2014 ;
table_9: ( millions ) the balance at december 31 of 2013 is $ 85 ; the balance at december 31 of 2012 is $ 82 ; the balance at december 31 of 2011 is $ 107 ;
Reasoning Steps:
Step: minus2-1(85, 82) = 3
Step: divide2-2(#0, 82) = 4%
Program:
subtract(85, 82), divide(#0, 82)
Program (Nested):
divide(subtract(85, 82), 82)
| 0.03659 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: .
Table
( millions ) | 2013 | 2012 | 2011
balance at january 1 | $ 82 | $ 107 | $ 111
additions based on tax positions related to the current year | 12 | 12 | 15
additions for tax positions of prior years | 9 | 2 | 17
reductions for tax positions of prior years | -10 ( 10 ) | -12 ( 12 ) | -19 ( 19 )
pre-acquisition unrecognized tax benefits | 2014 | 2 | 2014
reductions for expiration of the applicable statute of limitations | -10 ( 10 ) | -6 ( 6 ) | -7 ( 7 )
settlements | 2014 | -23 ( 23 ) | -8 ( 8 )
foreign currency translation | 2 | 2014 | -2 ( 2 )
balance at december 31 | $ 85 | $ 82 | $ 107
the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .
Question:
what was the percentage change in the unrecognized tax benefits from 2012 to 2013?
Important information:
table_1: ( millions ) the balance at january 1 of 2013 is $ 82 ; the balance at january 1 of 2012 is $ 107 ; the balance at january 1 of 2011 is $ 111 ;
table_5: ( millions ) the pre-acquisition unrecognized tax benefits of 2013 is 2014 ; the pre-acquisition unrecognized tax benefits of 2012 is 2 ; the pre-acquisition unrecognized tax benefits of 2011 is 2014 ;
table_9: ( millions ) the balance at december 31 of 2013 is $ 85 ; the balance at december 31 of 2012 is $ 82 ; the balance at december 31 of 2011 is $ 107 ;
Reasoning Steps:
Step: minus2-1(85, 82) = 3
Step: divide2-2(#0, 82) = 4%
Program:
subtract(85, 82), divide(#0, 82)
Program (Nested):
divide(subtract(85, 82), 82)
| finqa6211 |
what is the identifiable intangible assets as a percent of total goodwill?
Important information:
text_1: notes to consolidated financial statements 2014continued acquired identifiable intangible assets of $ 107.3 million , resulting in total goodwill of $ 257.6 million .
text_9: the company allocated the total purchase consideration of $ 550.2 million ( including $ 6.8 million related to equity awards assumed ) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition date , including acquired identifiable intangible assets of $ 184.3 million , resulting in total goodwill of $ 316.3 million .
text_17: acquired identifiable intangible assets of $ 9.3 million are being amortized over two to ten years .
Key Information: synopsys , inc .
Reasoning Steps:
Step: divide1-1(107.3, 257.6) = 41.65%
Program:
divide(107.3, 257.6)
Program (Nested):
divide(107.3, 257.6)
| 0.41654 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
synopsys , inc . notes to consolidated financial statements 2014continued acquired identifiable intangible assets of $ 107.3 million , resulting in total goodwill of $ 257.6 million . identifiable intangible assets are being amortized over three to eight years . acquisition-related costs directly attributable to the business combination were $ 6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations . these costs consisted primarily of employee separation costs and professional services . acquisition of magma design automation , inc . ( magma ) on february 22 , 2012 , the company acquired magma , a chip design software provider , at a per- share price of $ 7.35 . additionally , the company assumed unvested restricted stock units ( rsus ) and stock options , collectively called 201cequity awards . 201d the aggregate purchase price was approximately $ 550.2 million . this acquisition enables the company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools . the company allocated the total purchase consideration of $ 550.2 million ( including $ 6.8 million related to equity awards assumed ) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition date , including acquired identifiable intangible assets of $ 184.3 million , resulting in total goodwill of $ 316.3 million . identifiable intangible assets are being amortized over three to ten years . acquisition-related costs directly attributable to the business combination totaling $ 33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs , contract terminations , professional services , and facilities closure costs . other fiscal 2012 acquisitions during fiscal 2012 , the company acquired five other companies , including emulation & verification engineering , s.a . ( eve ) , for cash and allocated the total purchase consideration of $ 213.2 million to the assets acquired and liabilities assumed based on their respective fair values , resulting in total goodwill of $ 118.1 million . acquired identifiable intangible assets totaling $ 73.3 million were valued using appropriate valuation methods such as income or cost methods and are being amortized over their respective useful lives ranging from one to eight years . during fiscal 2012 , acquisition-related costs totaling $ 6.8 million were expensed as incurred in the consolidated statements of operations . fiscal 2011 acquisitions during fiscal 2011 , the company completed two acquisitions for cash and allocated the total purchase consideration of $ 37.4 million to the assets and liabilities acquired based on their respective fair values at the acquisition date resulting in goodwill of $ 30.6 million . acquired identifiable intangible assets of $ 9.3 million are being amortized over two to ten years . note 4 . goodwill and intangible assets goodwill: .
Table
| ( in thousands )
balance at october 31 2011 | $ 1289286
additions | 687195
other adjustments ( 1 ) | 506
balance at october 31 2012 | $ 1976987
additions | 2014
other adjustments ( 1 ) | -1016 ( 1016 )
balance at october 31 2013 | $ 1975971
.
Question:
what is the identifiable intangible assets as a percent of total goodwill?
Important information:
text_1: notes to consolidated financial statements 2014continued acquired identifiable intangible assets of $ 107.3 million , resulting in total goodwill of $ 257.6 million .
text_9: the company allocated the total purchase consideration of $ 550.2 million ( including $ 6.8 million related to equity awards assumed ) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition date , including acquired identifiable intangible assets of $ 184.3 million , resulting in total goodwill of $ 316.3 million .
text_17: acquired identifiable intangible assets of $ 9.3 million are being amortized over two to ten years .
Key Information: synopsys , inc .
Reasoning Steps:
Step: divide1-1(107.3, 257.6) = 41.65%
Program:
divide(107.3, 257.6)
Program (Nested):
divide(107.3, 257.6)
| finqa6212 |
what was the initial debt obligations balance in 2006 prior to the additional sales of international paper debt obligations for cash in billions
Important information:
text_0: also during 2006 , the entities acquired approximately $ 4.8 billion of international paper debt obligations for cash , resulting in a total of approximately $ 5.2 billion of international paper debt obligations held by the entities at december 31 , 2006 .
table_3: in millions the cash receipts ( b ) of 2014 is 22 ; the cash receipts ( b ) of 2013 is 33 ; the cash receipts ( b ) of 2012 is 36 ;
table_4: in millions the cash payments ( c ) of 2014 is 73 ; the cash payments ( c ) of 2013 is 84 ; the cash payments ( c ) of 2012 is 87 ;
Reasoning Steps:
Step: minus1-1(5.2, 4.8) = 0.4
Program:
subtract(5.2, 4.8)
Program (Nested):
subtract(5.2, 4.8)
| 0.4 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
also during 2006 , the entities acquired approximately $ 4.8 billion of international paper debt obligations for cash , resulting in a total of approximately $ 5.2 billion of international paper debt obligations held by the entities at december 31 , 2006 . the various agreements entered into in connection with these transactions provide that international paper has , and intends to effect , a legal right to offset its obligation under these debt instruments with its investments in the entities . accordingly , for financial reporting purposes , international paper has offset approximately $ 5.2 billion of class b interests in the entities against $ 5.3 billion of international paper debt obligations held by these entities at december 31 , 2014 and 2013 . despite the offset treatment , these remain debt obligations of international paper . remaining borrowings of $ 50 million and $ 67 million at december 31 , 2014 and 2013 , respectively , are included in floating rate notes due 2014 2013 2019 in the summary of long-term debt in note 13 . additional debt related to the above transaction of $ 107 million and $ 79 million is included in short-term notes in the summary of long-term debt in note 13 at december 31 , 2014 and 2013 . the use of the above entities facilitated the monetization of the credit enhanced timber notes in a cost effective manner by increasing the borrowing capacity and lowering the interest rate , while providing for the offset accounting treatment described above . additionally , the monetization structure preserved the tax deferral that resulted from the 2006 forestlands sales . the company recognized a $ 1.4 billion deferred tax liability in connection with the 2006 forestlands sale , which will be settled with the maturity of the timber notes in the third quarter of 2016 ( unless extended ) . during 2011 and 2012 , the credit ratings for two letter of credit banks that support $ 1.5 billion of timber notes were downgraded below the specified threshold . these letters of credit were successfully replaced by other qualifying institutions . fees of $ 10 million were incurred during 2012 in connection with these replacements . during 2012 , an additional letter of credit bank that supports $ 707 million of timber notes was downgraded below the specified threshold . in december 2012 , the company and the third-party managing member agreed to a continuing replacement waiver for these letters of credit , terminable upon 30 days notice . activity between the company and the entities was as follows: .
Table
in millions | 2014 | 2013 | 2012
revenue ( loss ) ( a ) | $ 38 | $ 45 | $ 49
expense ( a ) | 72 | 79 | 90
cash receipts ( b ) | 22 | 33 | 36
cash payments ( c ) | 73 | 84 | 87
( a ) the net expense related to the company 2019s interest in the entities is included in interest expense , net in the accompanying consolidated statement of operations , as international paper has and intends to effect its legal right to offset as discussed above . ( b ) the cash receipts are equity distributions from the entities to international paper . ( c ) the semi-annual payments are related to interest on the associated debt obligations discussed above . based on an analysis of the entities discussed above under guidance that considers the potential magnitude of the variability in the structures and which party has a controlling financial interest , international paper determined that it is not the primary beneficiary of the entities , and therefore , should not consolidate its investments in these entities . it was also determined that the source of variability in the structure is the value of the timber notes , the assets most significantly impacting the structure 2019s economic performance . the credit quality of the timber notes is supported by irrevocable letters of credit obtained by third-party buyers which are 100% ( 100 % ) cash collateralized . international paper analyzed which party has control over the economic performance of each entity , and concluded international paper does not have control over significant decisions surrounding the timber notes and letters of credit and therefore is not the primary beneficiary . the company 2019s maximum exposure to loss equals the value of the timber notes ; however , an analysis performed by the company concluded the likelihood of this exposure is remote . international paper also held variable interests in financing entities that were used to monetize long-term notes received from the sale of forestlands in 2002 . international paper transferred notes ( the monetized notes , with an original maturity of 10 years from inception ) and cash of approximately $ 500 million to these entities in exchange for preferred interests , and accounted for the transfers as a sale of the notes with no associated gain or loss . in the same period , the entities acquired approximately $ 500 million of international paper debt obligations for cash . international paper has no obligation to make any further capital contributions to these entities and did not provide any financial support that was not previously contractually required during the years ended december 31 , 2014 , 2013 or 2012 . during 2012 , $ 252 million of the 2002 monetized notes matured . cash receipts upon maturity were used to pay the associated debt obligations . effective june 1 , 2012 , international paper liquidated its interest in the 2002 financing entities . in connection with the acquisition of temple-inland in february 2012 , two special purpose entities became wholly-owned subsidiaries of international paper. .
Question:
what was the initial debt obligations balance in 2006 prior to the additional sales of international paper debt obligations for cash in billions
Important information:
text_0: also during 2006 , the entities acquired approximately $ 4.8 billion of international paper debt obligations for cash , resulting in a total of approximately $ 5.2 billion of international paper debt obligations held by the entities at december 31 , 2006 .
table_3: in millions the cash receipts ( b ) of 2014 is 22 ; the cash receipts ( b ) of 2013 is 33 ; the cash receipts ( b ) of 2012 is 36 ;
table_4: in millions the cash payments ( c ) of 2014 is 73 ; the cash payments ( c ) of 2013 is 84 ; the cash payments ( c ) of 2012 is 87 ;
Reasoning Steps:
Step: minus1-1(5.2, 4.8) = 0.4
Program:
subtract(5.2, 4.8)
Program (Nested):
subtract(5.2, 4.8)
| finqa6213 |
what percentage of total minimum lease payments are capital leases?
Important information:
text_2: the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 million of accumulated depreciation , respectively , for properties held under capital leases .
table_6: millions the later years of operatingleases is 1115 ; the later years of capitalleases is 271 ;
table_7: millions the total minimum lease payments of operatingleases is $ 2649 ; the total minimum lease payments of capitalleases is $ 1079 ;
Reasoning Steps:
Step: add2-1(2649, 1079) = 3728
Step: divide2-2(1079, #0) = 29%
Program:
add(2649, 1079), divide(1079, #0)
Program (Nested):
divide(1079, add(2649, 1079))
| 0.28943 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2017 , were as follows : millions operating leases capital leases .
Table
millions | operatingleases | capitalleases
2018 | $ 398 | $ 173
2019 | 359 | 156
2020 | 297 | 164
2021 | 259 | 168
2022 | 221 | 147
later years | 1115 | 271
total minimum lease payments | $ 2649 | $ 1079
amount representing interest | n/a | -187 ( 187 )
present value of minimum lease payments | n/a | $ 892
approximately 97% ( 97 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 480 million in 2017 , $ 535 million in 2016 , and $ 590 million in 2015 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity . to the extent possible , we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 95% ( 95 % ) of the recorded liability is related to asserted claims and approximately 5% ( 5 % ) is related to unasserted claims at december 31 , 2017 . because of the uncertainty surrounding the ultimate outcome of personal injury claims , it is reasonably possible that future costs to settle these claims may range from approximately $ 285 million to $ 310 million . we record an accrual at the low end of the range as no amount of loss within the range is more probable than any other . estimates can vary over time due to evolving trends in litigation. .
Question:
what percentage of total minimum lease payments are capital leases?
Important information:
text_2: the consolidated statements of financial position as of december 31 , 2017 , and 2016 included $ 1635 million , net of $ 953 million of accumulated depreciation , and $ 1997 million , net of $ 1121 million of accumulated depreciation , respectively , for properties held under capital leases .
table_6: millions the later years of operatingleases is 1115 ; the later years of capitalleases is 271 ;
table_7: millions the total minimum lease payments of operatingleases is $ 2649 ; the total minimum lease payments of capitalleases is $ 1079 ;
Reasoning Steps:
Step: add2-1(2649, 1079) = 3728
Step: divide2-2(1079, #0) = 29%
Program:
add(2649, 1079), divide(1079, #0)
Program (Nested):
divide(1079, add(2649, 1079))
| finqa6214 |
what was the percentage change in cash from operating activities from 2010 to 2011?
Important information:
text_1: cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .
table_1: ( millions ) the operating working capital of 2011 is $ 2739 ; the operating working capital of 2010 is $ 2595 ; the operating working capital of is ;
text_40: cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .
Reasoning Steps:
Step: minus1-1(1436, 1310) = 126
Step: divide1-2(#0, 1310) = 10%
Program:
subtract(1436, 1310), divide(#0, 1310)
Program (Nested):
divide(subtract(1436, 1310), 1310)
| 0.09618 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k .
Table
( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % )
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders . cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively . higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 . cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings . operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities . see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital . we believe operating working capital represents the key components of working capital under the operating control of our businesses . operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively . a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) . ( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 . this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities . trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 . days sales outstanding was 66 days in 2011 , level with 2010 . inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 . inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 . total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively . spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 . capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively . capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively . we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings . in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company . the cost of these acquisitions , including assumed debt , was $ 193 million . dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively . ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders . we did not have a mandatory contribution to our u.s . defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million . in 2010 and 2009 , we made voluntary contributions to our u.s . defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively . we expect to make voluntary contributions to our u.s . defined benefit pension plans in 2012 of up to $ 60 million . contributions were made to our non-u.s . defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements . we expect to make mandatory contributions to our non-u.s . plans in 2012 of approximately $ 90 million . the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively . we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth . the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 . we can repurchase about 9 million shares under the current authorization from the board of directors . 26 2011 ppg annual report and form 10-k .
Question:
what was the percentage change in cash from operating activities from 2010 to 2011?
Important information:
text_1: cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .
table_1: ( millions ) the operating working capital of 2011 is $ 2739 ; the operating working capital of 2010 is $ 2595 ; the operating working capital of is ;
text_40: cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .
Reasoning Steps:
Step: minus1-1(1436, 1310) = 126
Step: divide1-2(#0, 1310) = 10%
Program:
subtract(1436, 1310), divide(#0, 1310)
Program (Nested):
divide(subtract(1436, 1310), 1310)
| finqa6215 |
what percent of total operating revenues in 2018 were industrial?
Important information:
table_3: millions the industrial of 2018 is 5679 ; the industrial of 2017 is 5204 ; the industrial of 2016 is 4964 ;
table_5: millions the total freight revenues of 2018 is $ 21384 ; the total freight revenues of 2017 is $ 19837 ; the total freight revenues of 2016 is $ 18601 ;
table_9: millions the total operating revenues of 2018 is $ 22832 ; the total operating revenues of 2017 is $ 21240 ; the total operating revenues of 2016 is $ 19941 ;
Reasoning Steps:
Step: divide2-1(5679, 22832) = 25%
Program:
divide(5679, 22832)
Program (Nested):
divide(5679, 22832)
| 0.24873 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
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 32236 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 26039 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 . our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination . effective january 1 , 2018 , the company reclassified its six commodity groups into four : agricultural products , energy , industrial , and premium . the following table represents a disaggregation of our freight and other revenues: .
Table
millions | 2018 | 2017 | 2016
agricultural products | $ 4469 | $ 4303 | $ 4209
energy | 4608 | 4498 | 3715
industrial | 5679 | 5204 | 4964
premium | 6628 | 5832 | 5713
total freight revenues | $ 21384 | $ 19837 | $ 18601
other subsidiary revenues | 881 | 885 | 814
accessorial revenues | 502 | 458 | 455
other | 65 | 60 | 71
total operating revenues | $ 22832 | $ 21240 | $ 19941
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 $ 2.5 billion in 2018 , $ 2.3 billion in 2017 , and $ 2.2 billion in 2016 . 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 , cash equivalents and restricted cash 2013 cash equivalents consist of investments with original maturities of three months or less . amounts included in restricted cash represent those required to be set aside by contractual agreement. .
Question:
what percent of total operating revenues in 2018 were industrial?
Important information:
table_3: millions the industrial of 2018 is 5679 ; the industrial of 2017 is 5204 ; the industrial of 2016 is 4964 ;
table_5: millions the total freight revenues of 2018 is $ 21384 ; the total freight revenues of 2017 is $ 19837 ; the total freight revenues of 2016 is $ 18601 ;
table_9: millions the total operating revenues of 2018 is $ 22832 ; the total operating revenues of 2017 is $ 21240 ; the total operating revenues of 2016 is $ 19941 ;
Reasoning Steps:
Step: divide2-1(5679, 22832) = 25%
Program:
divide(5679, 22832)
Program (Nested):
divide(5679, 22832)
| finqa6216 |
what is the net change in warranty liability during 2017?
Important information:
table_1: ( millions of dollars ) the warranty liability january 1 of 2017 is $ 1258 ; the warranty liability january 1 of 2016 is $ 1354 ;
table_3: ( millions of dollars ) the increase in liability ( new warranties ) of 2017 is 1021 ; the increase in liability ( new warranties ) of 2016 is 813 ;
table_4: ( millions of dollars ) the warranty liability december 31 of 2017 is $ 1419 ; the warranty liability december 31 of 2016 is $ 1258 ;
Reasoning Steps:
Step: minus1-1(1419, 1258) = 161
Program:
subtract(1419, 1258)
Program (Nested):
subtract(1419, 1258)
| 161.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2017 form 10-k | 115 and $ 1088 million , respectively , were primarily comprised of loans to dealers , and the spc 2019s liabilities of $ 1106 million and $ 1087 million , respectively , were primarily comprised of commercial paper . the assets of the spc are not available to pay cat financial 2019s creditors . cat financial may be obligated to perform under the guarantee if the spc experiences losses . no loss has been experienced or is anticipated under this loan purchase agreement . cat financial is party to agreements in the normal course of business with selected customers and caterpillar dealers in which they commit to provide a set dollar amount of financing on a pre- approved basis . they also provide lines of credit to certain customers and caterpillar dealers , of which a portion remains unused as of the end of the period . commitments and lines of credit generally have fixed expiration dates or other termination clauses . it has been cat financial 2019s experience that not all commitments and lines of credit will be used . management applies the same credit policies when making commitments and granting lines of credit as it does for any other financing . cat financial does not require collateral for these commitments/ lines , but if credit is extended , collateral may be required upon funding . the amount of the unused commitments and lines of credit for dealers as of december 31 , 2017 and 2016 was $ 10993 million and $ 12775 million , respectively . the amount of the unused commitments and lines of credit for customers as of december 31 , 2017 and 2016 was $ 3092 million and $ 3340 million , respectively . our product warranty liability is determined by applying historical claim rate experience to the current field population and dealer inventory . generally , historical claim rates are based on actual warranty experience for each product by machine model/engine size by customer or dealer location ( inside or outside north america ) . specific rates are developed for each product shipment month and are updated monthly based on actual warranty claim experience. .
Table
( millions of dollars ) | 2017 | 2016
warranty liability january 1 | $ 1258 | $ 1354
reduction in liability ( payments ) | -860 ( 860 ) | -909 ( 909 )
increase in liability ( new warranties ) | 1021 | 813
warranty liability december 31 | $ 1419 | $ 1258
22 . environmental and legal matters the company is regulated by federal , state and international environmental laws governing our use , transport and disposal of substances and control of emissions . in addition to governing our manufacturing and other operations , these laws often impact the development of our products , including , but not limited to , required compliance with air emissions standards applicable to internal combustion engines . we have made , and will continue to make , significant research and development and capital expenditures to comply with these emissions standards . we are engaged in remedial activities at a number of locations , often with other companies , pursuant to federal and state laws . when it is probable we will pay remedial costs at a site , and those costs can be reasonably estimated , the investigation , remediation , and operating and maintenance costs are accrued against our earnings . costs are accrued based on consideration of currently available data and information with respect to each individual site , including available technologies , current applicable laws and regulations , and prior remediation experience . where no amount within a range of estimates is more likely , we accrue the minimum . where multiple potentially responsible parties are involved , we consider our proportionate share of the probable costs . in formulating the estimate of probable costs , we do not consider amounts expected to be recovered from insurance companies or others . we reassess these accrued amounts on a quarterly basis . the amount recorded for environmental remediation is not material and is included in accrued expenses . we believe there is no more than a remote chance that a material amount for remedial activities at any individual site , or at all the sites in the aggregate , will be required . on january 7 , 2015 , the company received a grand jury subpoena from the u.s . district court for the central district of illinois . the subpoena requests documents and information from the company relating to , among other things , financial information concerning u.s . and non-u.s . caterpillar subsidiaries ( including undistributed profits of non-u.s . subsidiaries and the movement of cash among u.s . and non-u.s . subsidiaries ) . the company has received additional subpoenas relating to this investigation requesting additional documents and information relating to , among other things , the purchase and resale of replacement parts by caterpillar inc . and non-u.s . caterpillar subsidiaries , dividend distributions of certain non-u.s . caterpillar subsidiaries , and caterpillar sarl and related structures . on march 2-3 , 2017 , agents with the department of commerce , the federal deposit insurance corporation and the internal revenue service executed search and seizure warrants at three facilities of the company in the peoria , illinois area , including its former corporate headquarters . the warrants identify , and agents seized , documents and information related to , among other things , the export of products from the united states , the movement of products between the united states and switzerland , the relationship between caterpillar inc . and caterpillar sarl , and sales outside the united states . it is the company 2019s understanding that the warrants , which concern both tax and export activities , are related to the ongoing grand jury investigation . the company is continuing to cooperate with this investigation . the company is unable to predict the outcome or reasonably estimate any potential loss ; however , we currently believe that this matter will not have a material adverse effect on the company 2019s consolidated results of operations , financial position or liquidity . on march 20 , 2014 , brazil 2019s administrative council for economic defense ( cade ) published a technical opinion which named 18 companies and over 100 individuals as defendants , including two subsidiaries of caterpillar inc. , mge - equipamentos e servi e7os ferrovi e1rios ltda . ( mge ) and caterpillar brasil ltda . the publication of the technical opinion opened cade 2019s official administrative investigation into allegations that the defendants participated in anticompetitive bid activity for the construction and maintenance of metro and train networks in brazil . while companies cannot be .
Question:
what is the net change in warranty liability during 2017?
Important information:
table_1: ( millions of dollars ) the warranty liability january 1 of 2017 is $ 1258 ; the warranty liability january 1 of 2016 is $ 1354 ;
table_3: ( millions of dollars ) the increase in liability ( new warranties ) of 2017 is 1021 ; the increase in liability ( new warranties ) of 2016 is 813 ;
table_4: ( millions of dollars ) the warranty liability december 31 of 2017 is $ 1419 ; the warranty liability december 31 of 2016 is $ 1258 ;
Reasoning Steps:
Step: minus1-1(1419, 1258) = 161
Program:
subtract(1419, 1258)
Program (Nested):
subtract(1419, 1258)
| finqa6217 |
what portion of the approved securities is to be issued upon exercise of outstanding options warrants rights?
Important information:
text_18: equity compensation plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in the first column ) .
table_1: equity compensation plancategory the stockholder-approved plans of number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights is 1.6 ; the stockholder-approved plans of weighted averageexercise price ofoutstandingoptions warrantsand rights is $ 36.61 ; the stockholder-approved plans of number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn ) is 53.7 ;
table_3: equity compensation plancategory the total of number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights is 1.6 ; the total of weighted averageexercise price ofoutstandingoptions warrantsand rights is $ 36.61 ; the total of number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn ) is 53.7 ;
Reasoning Steps:
Step: add2-1(1.6, 53.7) = 55.3
Step: divide2-2(1.6, #0) = 2.9%
Program:
add(1.6, 53.7), divide(1.6, #0)
Program (Nested):
divide(1.6, add(1.6, 53.7))
| 0.02893 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
bhge 2017 form 10-k | 103 part iii item 10 . directors , executive officers and corporate governance information regarding our code of conduct , the spirit and the letter , and code of ethical conduct certificates for our principal executive officer , principal financial officer and principal accounting officer are described in item 1 . business of this annual report . information concerning our directors is set forth in the sections entitled "proposal no . 1 , election of directors - board nominees for directors" and "corporate governance - committees of the board" in our definitive proxy statement for the 2018 annual meeting of stockholders to be filed with the sec pursuant to the exchange act within 120 days of the end of our fiscal year on december 31 , 2017 ( "proxy statement" ) , which sections are incorporated herein by reference . for information regarding our executive officers , see "item 1 . business - executive officers of baker hughes" in this annual report on form 10-k . additional information regarding compliance by directors and executive officers with section 16 ( a ) of the exchange act is set forth under the section entitled "section 16 ( a ) beneficial ownership reporting compliance" in our proxy statement , which section is incorporated herein by reference . item 11 . executive compensation information for this item is set forth in the following sections of our proxy statement , which sections are incorporated herein by reference : "compensation discussion and analysis" "director compensation" "compensation committee interlocks and insider participation" and "compensation committee report." item 12 . security ownership of certain beneficial owners and management and related stockholder matters information concerning security ownership of certain beneficial owners and our management is set forth in the sections entitled "stock ownership of certain beneficial owners" and 201cstock ownership of section 16 ( a ) director and executive officers 201d ) in our proxy statement , which sections are incorporated herein by reference . we permit our employees , officers and directors to enter into written trading plans complying with rule 10b5-1 under the exchange act . rule 10b5-1 provides criteria under which such an individual may establish a prearranged plan to buy or sell a specified number of shares of a company's stock over a set period of time . any such plan must be entered into in good faith at a time when the individual is not in possession of material , nonpublic information . if an individual establishes a plan satisfying the requirements of rule 10b5-1 , such individual's subsequent receipt of material , nonpublic information will not prevent transactions under the plan from being executed . certain of our officers have advised us that they have and may enter into stock sales plans for the sale of shares of our class a common stock which are intended to comply with the requirements of rule 10b5-1 of the exchange act . in addition , the company has and may in the future enter into repurchases of our class a common stock under a plan that complies with rule 10b5-1 or rule 10b-18 of the exchange act . equity compensation plan information the information in the following table is presented as of december 31 , 2017 with respect to shares of our class a common stock that may be issued under our lti plan which has been approved by our stockholders ( in millions , except per share prices ) . equity compensation plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in the first column ) .
Table
equity compensation plancategory | number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights | weighted averageexercise price ofoutstandingoptions warrantsand rights | number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn )
stockholder-approved plans | 1.6 | $ 36.61 | 53.7
nonstockholder-approved plans | 2014 | 2014 | 2014
total | 1.6 | $ 36.61 | 53.7
.
Question:
what portion of the approved securities is to be issued upon exercise of outstanding options warrants rights?
Important information:
text_18: equity compensation plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in the first column ) .
table_1: equity compensation plancategory the stockholder-approved plans of number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights is 1.6 ; the stockholder-approved plans of weighted averageexercise price ofoutstandingoptions warrantsand rights is $ 36.61 ; the stockholder-approved plans of number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn ) is 53.7 ;
table_3: equity compensation plancategory the total of number ofsecurities to beissued uponexercise ofoutstandingoptions warrantsand rights is 1.6 ; the total of weighted averageexercise price ofoutstandingoptions warrantsand rights is $ 36.61 ; the total of number of securitiesremaining availablefor future issuanceunder equitycompensation plans ( excluding securitiesreflected in the firstcolumn ) is 53.7 ;
Reasoning Steps:
Step: add2-1(1.6, 53.7) = 55.3
Step: divide2-2(1.6, #0) = 2.9%
Program:
add(1.6, 53.7), divide(1.6, #0)
Program (Nested):
divide(1.6, add(1.6, 53.7))
| finqa6218 |
what was the average net sales for north american consumer packaging from 2012
Important information:
table_1: in millions the sales of 2014 is $ 3403 ; the sales of 2013 is $ 3435 ; the sales of 2012 is $ 3170 ;
table_2: in millions the operating profit of 2014 is 178 ; the operating profit of 2013 is 161 ; the operating profit of 2012 is 268 ;
text_39: north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 .
Reasoning Steps:
Step: add2-1(2.0, 2.0) = 4.0
Step: add2-2(#0, 2.0) = 6.0
Step: add2-3(#1, const_3) = 4.0
Step: divide0-0(#2, const_2) = 2.0
Program:
add(2.0, 2.0), add(#0, 2.0), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(2.0, 2.0), 2.0), const_3), const_2)
| 4.5 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
russia and europe . average sales price realizations for uncoated freesheet paper decreased in both europe and russia , reflecting weak economic conditions and soft market demand . in russia , sales prices in rubles increased , but this improvement is masked by the impact of the currency depreciation against the u.s . dollar . input costs were significantly higher for wood in both europe and russia , partially offset by lower chemical costs . planned maintenance downtime costs were $ 11 million lower in 2014 than in 2013 . manufacturing and other operating costs were favorable . entering 2015 , sales volumes in the first quarter are expected to be seasonally weaker in russia , and about flat in europe . average sales price realizations for uncoated freesheet paper are expected to remain steady in europe , but increase in russia . input costs should be lower for oil and wood , partially offset by higher chemicals costs . indian papers net sales were $ 178 million in 2014 , $ 185 million ( $ 174 million excluding excise duties which were included in net sales in 2013 and prior periods ) in 2013 and $ 185 million ( $ 178 million excluding excise duties ) in 2012 . operating profits were $ 8 million ( a loss of $ 12 million excluding a gain related to the resolution of a legal contingency ) in 2014 , a loss of $ 145 million ( a loss of $ 22 million excluding goodwill and trade name impairment charges ) in 2013 and a loss of $ 16 million in 2012 . average sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013 . sales volumes were flat , reflecting weak economic conditions . input costs were higher , primarily for wood . operating costs and planned maintenance downtime costs were lower in 2014 . looking ahead to the first quarter of 2015 , sales volumes are expected to be seasonally higher . average sales price realizations are expected to decrease due to competitive pressures . asian printing papers net sales were $ 59 million in 2014 , $ 90 million in 2013 and $ 85 million in 2012 . operating profits were $ 0 million in 2014 and $ 1 million in both 2013 and 2012 . u.s . pulp net sales were $ 895 million in 2014 compared with $ 815 million in 2013 and $ 725 million in 2012 . operating profits were $ 57 million in 2014 compared with $ 2 million in 2013 and a loss of $ 59 million in 2012 . sales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand . average sales price realizations increased significantly for fluff pulp , while prices for market pulp were also higher . input costs for wood and energy were higher . operating costs were lower , but planned maintenance downtime costs were $ 1 million higher . compared with the fourth quarter of 2014 , sales volumes in the first quarter of 2015 , are expected to decrease for market pulp , but be slightly higher for fluff pulp . average sales price realizations are expected to to be stable for fluff pulp and softwood market pulp , while hardwood market pulp prices are expected to improve . input costs should be flat . planned maintenance downtime costs should be about $ 13 million higher than in the fourth quarter of 2014 . consumer packaging demand and pricing for consumer packaging products correlate closely with consumer spending and general economic activity . in addition to prices and volumes , major factors affecting the profitability of consumer packaging are raw material and energy costs , freight costs , manufacturing efficiency and product mix . consumer packaging net sales in 2014 decreased 1% ( 1 % ) from 2013 , but increased 7% ( 7 % ) from 2012 . operating profits increased 11% ( 11 % ) from 2013 , but decreased 34% ( 34 % ) from 2012 . excluding sheet plant closure costs , costs associated with the permanent shutdown of a paper machine at our augusta , georgia mill and costs related to the sale of the shorewood business , 2014 operating profits were 11% ( 11 % ) lower than in 2013 , and 30% ( 30 % ) lower than in 2012 . benefits from higher average sales price realizations and a favorable mix ( $ 60 million ) were offset by lower sales volumes ( $ 11 million ) , higher operating costs ( $ 9 million ) , higher planned maintenance downtime costs ( $ 12 million ) , higher input costs ( $ 43 million ) and higher other costs ( $ 7 million ) . in addition , operating profits in 2014 include $ 8 million of costs associated with sheet plant closures , while operating profits in 2013 include costs of $ 45 million related to the permanent shutdown of a paper machine at our augusta , georgia mill and $ 2 million of costs associated with the sale of the shorewood business . consumer packaging .
Table
in millions | 2014 | 2013 | 2012
sales | $ 3403 | $ 3435 | $ 3170
operating profit | 178 | 161 | 268
north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 . operating profits were $ 92 million ( $ 100 million excluding sheet plant closure costs ) in 2014 compared with $ 63 million ( $ 110 million excluding paper machine shutdown costs and costs related to the sale of the shorewood business ) in 2013 and $ 165 million ( $ 162 million excluding a gain associated with the sale of the shorewood business in 2012 ) . coated paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand . the business took about 41000 tons of market-related downtime in 2014 compared with about 24000 tons in 2013 . average sales price realizations increased year- .
Question:
what was the average net sales for north american consumer packaging from 2012
Important information:
table_1: in millions the sales of 2014 is $ 3403 ; the sales of 2013 is $ 3435 ; the sales of 2012 is $ 3170 ;
table_2: in millions the operating profit of 2014 is 178 ; the operating profit of 2013 is 161 ; the operating profit of 2012 is 268 ;
text_39: north american consumer packaging net sales were $ 2.0 billion in 2014 compared with $ 2.0 billion in 2013 and $ 2.0 billion in 2012 .
Reasoning Steps:
Step: add2-1(2.0, 2.0) = 4.0
Step: add2-2(#0, 2.0) = 6.0
Step: add2-3(#1, const_3) = 4.0
Step: divide0-0(#2, const_2) = 2.0
Program:
add(2.0, 2.0), add(#0, 2.0), add(#1, const_3), divide(#2, const_2)
Program (Nested):
divide(add(add(add(2.0, 2.0), 2.0), const_3), const_2)
| finqa6219 |
what percentage of total commercial commitments are credit facilities?
Important information:
table_1: other commercial commitmentsmillions of dollars the credit facilities [a] of total is $ 1900 ; the credit facilities [a] of amount of commitment expiration per period 2010 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2011 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2012 is $ 1900 ; the credit facilities [a] of amount of commitment expiration per period 2013 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2014 is $ - ; the credit facilities [a] of amount of commitment expiration per period after 2014 is $ - ;
table_5: other commercial commitmentsmillions of dollars the total commercial commitments of total is $ 2938 ; the total commercial commitments of amount of commitment expiration per period 2010 is $ 651 ; the total commercial commitments of amount of commitment expiration per period 2011 is $ 76 ; the total commercial commitments of amount of commitment expiration per period 2012 is $ 1924 ; the total commercial commitments of amount of commitment expiration per period 2013 is $ 8 ; the total commercial commitments of amount of commitment expiration per period 2014 is $ 214 ; the total commercial commitments of amount of commitment expiration per period after 2014 is $ 65 ;
Reasoning Steps:
Step: divide2-1(1900, 2938) = 65%
Program:
divide(1900, 2938)
Program (Nested):
divide(1900, 2938)
| 0.6467 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
amount of commitment expiration per period other commercial commitments after millions of dollars total 2010 2011 2012 2013 2014 2014 .
Table
other commercial commitmentsmillions of dollars | total | amount of commitment expiration per period 2010 | amount of commitment expiration per period 2011 | amount of commitment expiration per period 2012 | amount of commitment expiration per period 2013 | amount of commitment expiration per period 2014 | amount of commitment expiration per period after 2014
credit facilities [a] | $ 1900 | $ - | $ - | $ 1900 | $ - | $ - | $ -
sale of receivables [b] | 600 | 600 | - | - | - | - | -
guarantees [c] | 416 | 29 | 76 | 24 | 8 | 214 | 65
standby letters of credit [d] | 22 | 22 | - | - | - | - | -
total commercial commitments | $ 2938 | $ 651 | $ 76 | $ 1924 | $ 8 | $ 214 | $ 65
[a] none of the credit facility was used as of december 31 , 2009 . [b] $ 400 million of the sale of receivables program was utilized at december 31 , 2009 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2009 . off-balance sheet arrangements sale of receivables 2013 the railroad transfers most of its accounts receivable to union pacific receivables , inc . ( upri ) , a bankruptcy-remote subsidiary , as part of a sale of receivables facility . upri sells , without recourse on a 364-day revolving basis , an undivided interest in such accounts receivable to investors . the total capacity to sell undivided interests to investors under the facility was $ 600 million and $ 700 million at december 31 , 2009 and 2008 , respectively . the value of the outstanding undivided interest held by investors under the facility was $ 400 million and $ 584 million at december 31 , 2009 and 2008 , respectively . during 2009 , upri reduced the outstanding undivided interest held by investors due to a decrease in available receivables . the value of the undivided interest held by investors is not included in our consolidated financial statements . the value of the undivided interest held by investors was supported by $ 817 million and $ 1015 million of accounts receivable held by upri at december 31 , 2009 and 2008 , respectively . at december 31 , 2009 and 2008 , the value of the interest retained by upri was $ 417 million and $ 431 million , respectively . this retained interest is included in accounts receivable in our consolidated financial statements . the interest sold to investors is sold at carrying value , which approximates fair value , and there is no gain or loss recognized from the transaction . the value of the outstanding undivided interest held by investors could fluctuate based upon the availability of eligible receivables and is directly affected by changing business volumes and credit risks , including default and dilution . if default or dilution ratios increase one percent , the value of the outstanding undivided interest held by investors would not change as of december 31 , 2009 . should our credit rating fall below investment grade , the value of the outstanding undivided interest held by investors would be reduced , and , in certain cases , the investors would have the right to discontinue the facility . the railroad services the sold receivables ; however , the railroad does not recognize any servicing asset or liability , as the servicing fees adequately compensate us for these responsibilities . the railroad collected approximately $ 13.8 billion and $ 17.8 billion during the years ended december 31 , 2009 and 2008 , respectively . upri used certain of these proceeds to purchase new receivables under the facility . the costs of the sale of receivables program are included in other income and were $ 9 million , $ 23 million , and $ 35 million for 2009 , 2008 , and 2007 , respectively . the costs include interest , which will vary based on prevailing commercial paper rates , program fees paid to banks , commercial paper issuing costs , and fees for unused commitment availability . the decrease in the 2009 costs was primarily attributable to lower commercial paper rates and a decrease in the outstanding interest held by investors. .
Question:
what percentage of total commercial commitments are credit facilities?
Important information:
table_1: other commercial commitmentsmillions of dollars the credit facilities [a] of total is $ 1900 ; the credit facilities [a] of amount of commitment expiration per period 2010 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2011 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2012 is $ 1900 ; the credit facilities [a] of amount of commitment expiration per period 2013 is $ - ; the credit facilities [a] of amount of commitment expiration per period 2014 is $ - ; the credit facilities [a] of amount of commitment expiration per period after 2014 is $ - ;
table_5: other commercial commitmentsmillions of dollars the total commercial commitments of total is $ 2938 ; the total commercial commitments of amount of commitment expiration per period 2010 is $ 651 ; the total commercial commitments of amount of commitment expiration per period 2011 is $ 76 ; the total commercial commitments of amount of commitment expiration per period 2012 is $ 1924 ; the total commercial commitments of amount of commitment expiration per period 2013 is $ 8 ; the total commercial commitments of amount of commitment expiration per period 2014 is $ 214 ; the total commercial commitments of amount of commitment expiration per period after 2014 is $ 65 ;
Reasoning Steps:
Step: divide2-1(1900, 2938) = 65%
Program:
divide(1900, 2938)
Program (Nested):
divide(1900, 2938)
| finqa6220 |
what was the percentage increase for teleflex incorporated's market performance from 2014-2015?
Important information:
text_5: market performance .
table_1: company / index the teleflex incorporated of 2013 is 100 ; the teleflex incorporated of 2014 is 124 ; the teleflex incorporated of 2015 is 143 ; the teleflex incorporated of 2016 is 177 ; the teleflex incorporated of 2017 is 275 ; the teleflex incorporated of 2018 is 288 ;
table_2: company / index the s&p 500 index of 2013 is 100 ; the s&p 500 index of 2014 is 114 ; the s&p 500 index of 2015 is 115 ; the s&p 500 index of 2016 is 129 ; the s&p 500 index of 2017 is 157 ; the s&p 500 index of 2018 is 150 ;
Reasoning Steps:
Step: minus2-1(143, 124) = 19
Step: divide2-2(#0, 124) = 0.1532
Program:
subtract(143, 124), divide(#0, 124)
Program (Nested):
divide(subtract(143, 124), 124)
| 0.15323 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part a0ii item a05 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our common stock is listed on the new york stock exchange under the symbol 201ctfx . 201d as of february 19 , 2019 , we had 473 holders of record of our common stock . a substantially greater number of holders of our common stock are beneficial owners whose shares are held by brokers and other financial institutions for the accounts of beneficial owners . stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2013 and that all dividends were reinvested . market performance .
Table
company / index | 2013 | 2014 | 2015 | 2016 | 2017 | 2018
teleflex incorporated | 100 | 124 | 143 | 177 | 275 | 288
s&p 500 index | 100 | 114 | 115 | 129 | 157 | 150
s&p 500 healthcare equipment & supply index | 100 | 126 | 134 | 142 | 186 | 213
s&p 500 healthcare equipment & supply index 100 126 134 142 186 213 .
Question:
what was the percentage increase for teleflex incorporated's market performance from 2014-2015?
Important information:
text_5: market performance .
table_1: company / index the teleflex incorporated of 2013 is 100 ; the teleflex incorporated of 2014 is 124 ; the teleflex incorporated of 2015 is 143 ; the teleflex incorporated of 2016 is 177 ; the teleflex incorporated of 2017 is 275 ; the teleflex incorporated of 2018 is 288 ;
table_2: company / index the s&p 500 index of 2013 is 100 ; the s&p 500 index of 2014 is 114 ; the s&p 500 index of 2015 is 115 ; the s&p 500 index of 2016 is 129 ; the s&p 500 index of 2017 is 157 ; the s&p 500 index of 2018 is 150 ;
Reasoning Steps:
Step: minus2-1(143, 124) = 19
Step: divide2-2(#0, 124) = 0.1532
Program:
subtract(143, 124), divide(#0, 124)
Program (Nested):
divide(subtract(143, 124), 124)
| finqa6221 |
what was the percentage change in total expense for repairs and maintenance from 2012 to 2013?
Important information:
text_19: total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 .
text_25: 31 , millions 2013 2012 .
table_9: millions the total accounts payable and othercurrent liabilities of dec . 31 2013 is $ 3086 ; the total accounts payable and othercurrent liabilities of dec . 312012 is $ 2923 ;
Reasoning Steps:
Step: minus1-1(2.3, 2.1) = .2
Step: divide1-2(#0, 2.1) = 10%
Program:
subtract(2.3, 2.1), divide(#0, 2.1)
Program (Nested):
divide(subtract(2.3, 2.1), 2.1)
| 0.09524 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2013 2012 .
Table
millions | dec . 31 2013 | dec . 312012
accounts payable | $ 803 | $ 825
income and other taxes payable | 491 | 368
accrued wages and vacation | 385 | 376
dividends payable | 356 | 318
accrued casualty costs | 207 | 213
interest payable | 169 | 172
equipment rents payable | 96 | 95
other | 579 | 556
total accounts payable and othercurrent liabilities | $ 3086 | $ 2923
.
Question:
what was the percentage change in total expense for repairs and maintenance from 2012 to 2013?
Important information:
text_19: total expense for repairs and maintenance incurred was $ 2.3 billion for 2013 , $ 2.1 billion for 2012 , and $ 2.2 billion for 2011 .
text_25: 31 , millions 2013 2012 .
table_9: millions the total accounts payable and othercurrent liabilities of dec . 31 2013 is $ 3086 ; the total accounts payable and othercurrent liabilities of dec . 312012 is $ 2923 ;
Reasoning Steps:
Step: minus1-1(2.3, 2.1) = .2
Step: divide1-2(#0, 2.1) = 10%
Program:
subtract(2.3, 2.1), divide(#0, 2.1)
Program (Nested):
divide(subtract(2.3, 2.1), 2.1)
| finqa6222 |
what percentage of total material obligations and commitments as of december 31 , 2011 are operating leases?
Important information:
table_2: contractual obligationsmillions the operating leases [b] of total is 4528 ; the operating leases [b] of payments due by december 31 2012 is 525 ; the operating leases [b] of payments due by december 31 2013 is 489 ; the operating leases [b] of payments due by december 31 2014 is 415 ; the operating leases [b] of payments due by december 31 2015 is 372 ; the operating leases [b] of payments due by december 31 2016 is 347 ; the operating leases [b] of payments due by december 31 after 2016 is 2380 ; the operating leases [b] of payments due by december 31 other is - ;
table_7: contractual obligationsmillions the total contractualobligations of total is $ 25096 ; the total contractualobligations of payments due by december 31 2012 is $ 4015 ; the total contractualobligations of payments due by december 31 2013 is $ 2204 ; the total contractualobligations of payments due by december 31 2014 is $ 2164 ; the total contractualobligations of payments due by december 31 2015 is $ 1565 ; the total contractualobligations of payments due by december 31 2016 is $ 1532 ; the total contractualobligations of payments due by december 31 after 2016 is $ 13508 ; the total contractualobligations of payments due by december 31 other is $ 108 ;
Reasoning Steps:
Step: divide2-1(4528, 25096) = 18%
Program:
divide(4528, 25096)
Program (Nested):
divide(4528, 25096)
| 0.18043 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the railroad collected approximately $ 18.8 billion and $ 16.3 billion of receivables during the years ended december 31 , 2011 and 2010 , respectively . upri used certain of these proceeds to purchase new receivables under the facility . the costs of the receivables securitization facility include interest , which will vary based on prevailing commercial paper rates , program fees paid to banks , commercial paper issuing costs , and fees for unused commitment availability . the costs of the receivables securitization facility are included in interest expense and were $ 4 million and $ 6 million for 2011 and 2010 , respectively . prior to adoption of the new accounting standard , the costs of the receivables securitization facility were included in other income and were $ 9 million for 2009 . the investors have no recourse to the railroad 2019s other assets , except for customary warranty and indemnity claims . creditors of the railroad do not have recourse to the assets of upri . in august 2011 , the receivables securitization facility was renewed for an additional 364-day period at comparable terms and conditions . contractual obligations and commercial commitments as described in the notes to the consolidated financial statements and as referenced in the tables below , we have contractual obligations and commercial commitments that may affect our financial condition . based on our assessment of the underlying provisions and circumstances of our contractual obligations and commercial commitments , including material sources of off-balance sheet and structured finance arrangements , other than the risks that we and other similarly situated companies face with respect to the condition of the capital markets ( as described in item 1a of part ii of this report ) , there is no known trend , demand , commitment , event , or uncertainty that is reasonably likely to occur that would have a material adverse effect on our consolidated results of operations , financial condition , or liquidity . in addition , our commercial obligations , financings , and commitments are customary transactions that are similar to those of other comparable corporations , particularly within the transportation industry . the following tables identify material obligations and commitments as of december 31 , 2011 : payments due by december 31 , contractual obligations after millions total 2012 2013 2014 2015 2016 2016 other .
Table
contractual obligationsmillions | total | payments due by december 31 2012 | payments due by december 31 2013 | payments due by december 31 2014 | payments due by december 31 2015 | payments due by december 31 2016 | payments due by december 31 after 2016 | payments due by december 31 other
debt [a] | $ 12516 | $ 538 | $ 852 | $ 887 | $ 615 | $ 652 | $ 8972 | $ -
operating leases [b] | 4528 | 525 | 489 | 415 | 372 | 347 | 2380 | -
capital lease obligations [c] | 2559 | 297 | 269 | 276 | 276 | 262 | 1179 | -
purchase obligations [d] | 5137 | 2598 | 568 | 560 | 276 | 245 | 858 | 32
other post retirement benefits [e] | 249 | 26 | 26 | 26 | 26 | 26 | 119 | -
income tax contingencies [f] | 107 | 31 | - | - | - | - | - | 76
total contractualobligations | $ 25096 | $ 4015 | $ 2204 | $ 2164 | $ 1565 | $ 1532 | $ 13508 | $ 108
[a] excludes capital lease obligations of $ 1874 million and unamortized discount of $ 364 million . includes an interest component of $ 5120 million . [b] includes leases for locomotives , freight cars , other equipment , and real estate . [c] represents total obligations , including interest component of $ 685 million . [d] purchase obligations include locomotive maintenance contracts ; purchase commitments for fuel purchases , locomotives , ties , ballast , and rail ; and agreements to purchase other goods and services . for amounts where we cannot reasonably estimate the year of settlement , they are reflected in the other column . [e] includes estimated other post retirement , medical , and life insurance payments and payments made under the unfunded pension plan for the next ten years . no amounts are included for funded pension obligations as no contributions are currently required . [f] future cash flows for income tax contingencies reflect the recorded liability for unrecognized tax benefits , including interest and penalties , as of december 31 , 2011 . where we can reasonably estimate the years in which these liabilities may be settled , this is shown in the table . for amounts where we cannot reasonably estimate the year of settlement , they are reflected in the other column. .
Question:
what percentage of total material obligations and commitments as of december 31 , 2011 are operating leases?
Important information:
table_2: contractual obligationsmillions the operating leases [b] of total is 4528 ; the operating leases [b] of payments due by december 31 2012 is 525 ; the operating leases [b] of payments due by december 31 2013 is 489 ; the operating leases [b] of payments due by december 31 2014 is 415 ; the operating leases [b] of payments due by december 31 2015 is 372 ; the operating leases [b] of payments due by december 31 2016 is 347 ; the operating leases [b] of payments due by december 31 after 2016 is 2380 ; the operating leases [b] of payments due by december 31 other is - ;
table_7: contractual obligationsmillions the total contractualobligations of total is $ 25096 ; the total contractualobligations of payments due by december 31 2012 is $ 4015 ; the total contractualobligations of payments due by december 31 2013 is $ 2204 ; the total contractualobligations of payments due by december 31 2014 is $ 2164 ; the total contractualobligations of payments due by december 31 2015 is $ 1565 ; the total contractualobligations of payments due by december 31 2016 is $ 1532 ; the total contractualobligations of payments due by december 31 after 2016 is $ 13508 ; the total contractualobligations of payments due by december 31 other is $ 108 ;
Reasoning Steps:
Step: divide2-1(4528, 25096) = 18%
Program:
divide(4528, 25096)
Program (Nested):
divide(4528, 25096)
| finqa6223 |
what percentage of total miles of track were switching and classification yard lines in 2012?
Important information:
table_1: the route of 2013 is 31838 ; the route of 2012 is 31868 ;
table_4: the switching and classification yard lines of 2013 is 9090 ; the switching and classification yard lines of 2012 is 9046 ;
table_5: the total miles of 2013 is 50861 ; the total miles of 2012 is 50753 ;
Reasoning Steps:
Step: divide1-1(9046, 50753) = 18%
Program:
divide(9046, 50753)
Program (Nested):
divide(9046, 50753)
| 0.17824 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 31838 route miles . we own 26009 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2013 and 2012 . 2013 2012 .
Table
| 2013 | 2012
route | 31838 | 31868
other main line | 6766 | 6715
passing lines and turnouts | 3167 | 3124
switching and classification yard lines | 9090 | 9046
total miles | 50861 | 50753
headquarters building we maintain our headquarters in omaha , nebraska . the facility has 1.2 million square feet of space for approximately 4000 employees and is subject to a financing arrangement . harriman dispatching center the harriman dispatching center ( hdc ) , located in omaha , nebraska , is our primary dispatching facility . it is linked to regional dispatching and locomotive management facilities at various locations along our .
Question:
what percentage of total miles of track were switching and classification yard lines in 2012?
Important information:
table_1: the route of 2013 is 31838 ; the route of 2012 is 31868 ;
table_4: the switching and classification yard lines of 2013 is 9090 ; the switching and classification yard lines of 2012 is 9046 ;
table_5: the total miles of 2013 is 50861 ; the total miles of 2012 is 50753 ;
Reasoning Steps:
Step: divide1-1(9046, 50753) = 18%
Program:
divide(9046, 50753)
Program (Nested):
divide(9046, 50753)
| finqa6224 |
during january 2006 , what percentage of the long term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx did the company provide?
Important information:
text_3: mortgages and other financing receivables : during january 2006 , the company provided approximately $ 16.0 million as its share of a $ 50.0 million junior participation in a $ 700.0 million first mortgage loan , in connection with a private investment firm 2019s acquisition of a retailer .
text_6: additionally , during january 2006 , the company provided approximately $ 5.2 million as its share of an $ 11.5 million term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx .
text_38: during november 2006 , the company committed to provide a mxp 124.8 million ( approximately usd $ 11.5 million ) loan to an owner of a land parcel in acapulco , mexico .
Reasoning Steps:
Step: divide1-1(5.2, 11.5) = 0.4521
Program:
divide(5.2, 11.5)
Program (Nested):
divide(5.2, 11.5)
| 0.45217 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
kimco realty corporation and subsidiaries job title kimco realty ar revision 6 serial date / time tuesday , april 03 , 2007 /10:32 pm job number 142704 type current page no . 65 operator pm2 <12345678> at december 31 , 2006 and 2005 , the company 2019s net invest- ment in the leveraged lease consisted of the following ( in mil- lions ) : .
Table
| 2006 | 2005
remaining net rentals | $ 62.3 | $ 68.9
estimated unguaranteed residual value | 40.5 | 43.8
non-recourse mortgage debt | -48.4 ( 48.4 ) | -52.8 ( 52.8 )
unearned and deferred income | -50.7 ( 50.7 ) | -55.9 ( 55.9 )
net investment in leveraged lease | $ 3.7 | $ 4.0
9 . mortgages and other financing receivables : during january 2006 , the company provided approximately $ 16.0 million as its share of a $ 50.0 million junior participation in a $ 700.0 million first mortgage loan , in connection with a private investment firm 2019s acquisition of a retailer . this loan participation bore interest at libor plus 7.75% ( 7.75 % ) per annum and had a two-year term with a one-year extension option and was collateralized by certain real estate interests of the retailer . during june 2006 , the borrower elected to pre-pay the outstanding loan balance of approximately $ 16.0 million in full satisfaction of this loan . additionally , during january 2006 , the company provided approximately $ 5.2 million as its share of an $ 11.5 million term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx . this loan is interest only at a fixed rate of 11.0% ( 11.0 % ) for a term of two years payable monthly and collateralized by a first mortgage on the subject property . as of december 31 , 2006 , the outstanding balance on this loan was approximately $ 5.2 million . during february 2006 , the company committed to provide a one year $ 17.2 million credit facility at a fixed rate of 8.0% ( 8.0 % ) for a term of nine months and 9.0% ( 9.0 % ) for the remaining term to a real estate investor for the recapitalization of a discount and entertain- ment mall that it currently owns . during 2006 , this facility was fully paid and was terminated . during april 2006 , the company provided two separate mortgages aggregating $ 14.5 million on a property owned by a real estate investor . proceeds were used to payoff the existing first mortgage , buyout the existing partner and for redevelopment of the property . the mortgages bear interest at 8.0% ( 8.0 % ) per annum and mature in 2008 and 2013 . these mortgages are collateralized by the subject property . as of december 31 , 2006 , the aggregate outstanding balance on these mortgages was approximately $ 15.0 million , including $ 0.5 million of accrued interest . during may 2006 , the company provided a cad $ 23.5 million collateralized credit facility at a fixed rate of 8.5% ( 8.5 % ) per annum for a term of two years to a real estate company for the execution of its property acquisitions program . the credit facility is guaranteed by the real estate company . the company was issued 9811 units , valued at approximately usd $ 0.1 million , and warrants to purchase up to 0.1 million shares of the real estate company as a loan origination fee . during august 2006 , the company increased the credit facility to cad $ 45.0 million and received an additional 9811 units , valued at approximately usd $ 0.1 million , and warrants to purchase up to 0.1 million shares of the real estate company . as of december 31 , 2006 , the outstand- ing balance on this credit facility was approximately cad $ 3.6 million ( approximately usd $ 3.1 million ) . during september 2005 , a newly formed joint venture , in which the company had an 80% ( 80 % ) interest , acquired a 90% ( 90 % ) interest in a $ 48.4 million mortgage receivable for a purchase price of approximately $ 34.2 million . this loan bore interest at a rate of three-month libor plus 2.75% ( 2.75 % ) per annum and was scheduled to mature on january 12 , 2010 . a 626-room hotel located in lake buena vista , fl collateralized the loan . the company had determined that this joint venture entity was a vie and had further determined that the company was the primary benefici- ary of this vie and had therefore consolidated it for financial reporting purposes . during march 2006 , the joint venture acquired the remaining 10% ( 10 % ) of this mortgage receivable for a purchase price of approximately $ 3.8 million . during june 2006 , the joint venture accepted a pre-payment of approximately $ 45.2 million from the borrower as full satisfaction of this loan . during august 2006 , the company provided $ 8.8 million as its share of a $ 13.2 million 12-month term loan to a retailer for general corporate purposes . this loan bears interest at a fixed rate of 12.50% ( 12.50 % ) with interest payable monthly and a balloon payment for the principal balance at maturity . the loan is collateralized by the underlying real estate of the retailer . additionally , the company funded $ 13.3 million as its share of a $ 20.0 million revolving debtor-in-possession facility to this retailer . the facility bears interest at libor plus 3.00% ( 3.00 % ) and has an unused line fee of 0.375% ( 0.375 % ) . this credit facility is collateralized by a first priority lien on all the retailer 2019s assets . as of december 31 , 2006 , the compa- ny 2019s share of the outstanding balance on this loan and credit facility was approximately $ 7.6 million and $ 4.9 million , respec- tively . during september 2006 , the company provided a mxp 57.3 million ( approximately usd $ 5.3 million ) loan to an owner of an operating property in mexico . the loan , which is collateralized by the property , bears interest at 12.0% ( 12.0 % ) per annum and matures in 2016 . the company is entitled to a participation feature of 25% ( 25 % ) of annual cash flows after debt service and 20% ( 20 % ) of the gain on sale of the property . as of december 31 , 2006 , the outstand- ing balance on this loan was approximately mxp 57.8 million ( approximately usd $ 5.3 million ) . during november 2006 , the company committed to provide a mxp 124.8 million ( approximately usd $ 11.5 million ) loan to an owner of a land parcel in acapulco , mexico . the loan , which is collateralized with an operating property owned by the bor- rower , bears interest at 10% ( 10 % ) per annum and matures in 2016 . the company is entitled to a participation feature of 20% ( 20 % ) of excess cash flows and gains on sale of the property . as of decem- ber 31 , 2006 , the outstanding balance on this loan was mxp 12.8 million ( approximately usd $ 1.2 million ) . .
Question:
during january 2006 , what percentage of the long term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx did the company provide?
Important information:
text_3: mortgages and other financing receivables : during january 2006 , the company provided approximately $ 16.0 million as its share of a $ 50.0 million junior participation in a $ 700.0 million first mortgage loan , in connection with a private investment firm 2019s acquisition of a retailer .
text_6: additionally , during january 2006 , the company provided approximately $ 5.2 million as its share of an $ 11.5 million term loan to a real estate developer for the acquisition of a 59 acre land parcel located in san antonio , tx .
text_38: during november 2006 , the company committed to provide a mxp 124.8 million ( approximately usd $ 11.5 million ) loan to an owner of a land parcel in acapulco , mexico .
Reasoning Steps:
Step: divide1-1(5.2, 11.5) = 0.4521
Program:
divide(5.2, 11.5)
Program (Nested):
divide(5.2, 11.5)
| finqa6225 |
what was the change in accrued wages and vacation in millions from 2008 to 2009?
Important information:
text_16: 31 , millions of dollars 2009 2008 .
table_2: millions of dollars the accrued wages and vacation of dec . 31 2009 is 339 ; the accrued wages and vacation of dec . 31 2008 is 367 ;
text_21: we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .
Reasoning Steps:
Step: divide1-1(339, 367) = -28
Program:
divide(339, 367)
Program (Nested):
divide(339, 367)
| 0.92371 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing road infrastructure assets ( program projects ) , which is typically performed by our employees , and for track line expansion ( capacity projects ) . costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized . direct costs that are capitalized as part of self-constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . these costs are allocated using appropriate statistical bases . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 11 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions of dollars 2009 2008 .
Table
millions of dollars | dec . 31 2009 | dec . 31 2008
accounts payable | $ 612 | $ 629
accrued wages and vacation | 339 | 367
accrued casualty costs | 379 | 390
income and other taxes | 224 | 207
dividends and interest | 347 | 328
equipment rents payable | 89 | 93
other | 480 | 546
total accounts payable and other current liabilities | $ 2470 | $ 2560
12 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements. .
Question:
what was the change in accrued wages and vacation in millions from 2008 to 2009?
Important information:
text_16: 31 , millions of dollars 2009 2008 .
table_2: millions of dollars the accrued wages and vacation of dec . 31 2009 is 339 ; the accrued wages and vacation of dec . 31 2008 is 367 ;
text_21: we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness .
Reasoning Steps:
Step: divide1-1(339, 367) = -28
Program:
divide(339, 367)
Program (Nested):
divide(339, 367)
| finqa6226 |
what is the percentage decrease for average common shares outstanding from 2008-2009?
Important information:
text_7: note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
table_1: the average common shares outstanding of 2009 is 240479 ; the average common shares outstanding of 2008 is 244323 ; the average common shares outstanding of 2007 is 244929 ;
table_3: the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2009 is 246798 ; the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2008 is 252681 ; the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2007 is 254810 ;
Reasoning Steps:
Step: minus1-1(244323, 240479) = 3844
Step: divide1-2(#0, 244323) = 0.0157
Program:
subtract(244323, 240479), divide(#0, 244323)
Program (Nested):
divide(subtract(244323, 240479), 244323)
| 0.01573 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the company has a restricted stock plan for non-employee directors which reserves for issuance of 300000 shares of the company 2019s common stock . no restricted shares were issued in 2009 . the company has a directors 2019 deferral plan , which provides a means to defer director compensation , from time to time , on a deferred stock or cash basis . as of september 30 , 2009 , 86643 shares were held in trust , of which 4356 shares represented directors 2019 compensation in 2009 , in accordance with the provisions of the plan . under this plan , which is unfunded , directors have an unsecured contractual commitment from the company . the company also has a deferred compensation plan that allows certain highly-compensated employees , including executive officers , to defer salary , annual incentive awards and certain equity-based compensation . as of september 30 , 2009 , 557235 shares were issuable under this plan . note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
Table
| 2009 | 2008 | 2007
average common shares outstanding | 240479 | 244323 | 244929
dilutive share equivalents from share-based plans | 6319 | 8358 | 9881
average common and common equivalent sharesoutstanding 2014 assuming dilution | 246798 | 252681 | 254810
average common and common equivalent shares outstanding 2014 assuming dilution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246798 252681 254810 note 17 2014 segment data the company 2019s organizational structure is based upon its three principal business segments : bd medical ( 201cmedical 201d ) , bd diagnostics ( 201cdiagnostics 201d ) and bd biosciences ( 201cbiosciences 201d ) . the principal product lines in the medical segment include needles , syringes and intravenous catheters for medication delivery ; safety-engineered and auto-disable devices ; prefilled iv flush syringes ; syringes and pen needles for the self-injection of insulin and other drugs used in the treatment of diabetes ; prefillable drug delivery devices provided to pharmaceutical companies and sold to end-users as drug/device combinations ; surgical blades/scalpels and regional anesthesia needles and trays ; critical care monitoring devices ; ophthalmic surgical instruments ; and sharps disposal containers . the principal products and services in the diagnostics segment include integrated systems for specimen collection ; an extensive line of safety-engineered specimen blood collection products and systems ; plated media ; automated blood culturing systems ; molecular testing systems for sexually transmitted diseases and healthcare-associated infections ; microorganism identification and drug susceptibility systems ; liquid-based cytology systems for cervical cancer screening ; and rapid diagnostic assays . the principal product lines in the biosciences segment include fluorescence activated cell sorters and analyzers ; cell imaging systems ; monoclonal antibodies and kits for performing cell analysis ; reagent systems for life sciences research ; tools to aid in drug discovery and growth of tissue and cells ; cell culture media supplements for biopharmaceutical manufacturing ; and diagnostic assays . the company evaluates performance of its business segments based upon operating income . segment operating income represents revenues reduced by product costs and operating expenses . the company hedges against certain forecasted sales of u.s.-produced products sold outside the united states . gains and losses associated with these foreign currency translation hedges are reported in segment revenues based upon their proportionate share of these international sales of u.s.-produced products . becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question:
what is the percentage decrease for average common shares outstanding from 2008-2009?
Important information:
text_7: note 16 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
table_1: the average common shares outstanding of 2009 is 240479 ; the average common shares outstanding of 2008 is 244323 ; the average common shares outstanding of 2007 is 244929 ;
table_3: the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2009 is 246798 ; the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2008 is 252681 ; the average common and common equivalent sharesoutstanding 2014 assuming dilution of 2007 is 254810 ;
Reasoning Steps:
Step: minus1-1(244323, 240479) = 3844
Step: divide1-2(#0, 244323) = 0.0157
Program:
subtract(244323, 240479), divide(#0, 244323)
Program (Nested):
divide(subtract(244323, 240479), 244323)
| finqa6227 |
what is the percentage of electronics and safety sites among all sites?
Important information:
table_1: the electrical/electronic architecture of north america is 32 ; the electrical/electronic architecture of europemiddle east& africa is 34 ; the electrical/electronic architecture of asia pacific is 25 ; the electrical/electronic architecture of south america is 5 ; the electrical/electronic architecture of total is 96 ;
table_3: the electronics and safety of north america is 3 ; the electronics and safety of europemiddle east& africa is 6 ; the electronics and safety of asia pacific is 3 ; the electronics and safety of south america is 2014 ; the electronics and safety of total is 12 ;
table_4: the total of north america is 39 ; the total of europemiddle east& africa is 48 ; the total of asia pacific is 33 ; the total of south america is 6 ; the total of total is 126 ;
Reasoning Steps:
Step: divide1-1(12, 126) = 9.52%
Program:
divide(12, 126)
Program (Nested):
divide(12, 126)
| 0.09524 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
taxing authorities could challenge our historical and future tax positions . our future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory rates and changes in tax laws or their interpretation including changes related to tax holidays or tax incentives . our taxes could increase if certain tax holidays or incentives are not renewed upon expiration , or if tax rates or regimes applicable to us in such jurisdictions are otherwise increased . the amount of tax we pay is subject to our interpretation of applicable tax laws in the jurisdictions in which we file . we have taken and will continue to take tax positions based on our interpretation of such tax laws . in particular , we will seek to organize and operate ourselves in such a way that we are and remain tax resident in the united kingdom . additionally , in determining the adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations . while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur . while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes . should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition . item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2016 , we owned or leased 126 major manufacturing sites and 15 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 46 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
Table
| north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 32 | 34 | 25 | 5 | 96
powertrain systems | 4 | 8 | 5 | 1 | 18
electronics and safety | 3 | 6 | 3 | 2014 | 12
total | 39 | 48 | 33 | 6 | 126
in addition to these manufacturing sites , we had 15 major technical centers : five in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america . of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 75 are primarily owned and 66 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates. .
Question:
what is the percentage of electronics and safety sites among all sites?
Important information:
table_1: the electrical/electronic architecture of north america is 32 ; the electrical/electronic architecture of europemiddle east& africa is 34 ; the electrical/electronic architecture of asia pacific is 25 ; the electrical/electronic architecture of south america is 5 ; the electrical/electronic architecture of total is 96 ;
table_3: the electronics and safety of north america is 3 ; the electronics and safety of europemiddle east& africa is 6 ; the electronics and safety of asia pacific is 3 ; the electronics and safety of south america is 2014 ; the electronics and safety of total is 12 ;
table_4: the total of north america is 39 ; the total of europemiddle east& africa is 48 ; the total of asia pacific is 33 ; the total of south america is 6 ; the total of total is 126 ;
Reasoning Steps:
Step: divide1-1(12, 126) = 9.52%
Program:
divide(12, 126)
Program (Nested):
divide(12, 126)
| finqa6228 |
what was the percentage change in rent expense for operating leases with terms exceeding one month from 2011 to 2012?
Important information:
text_6: these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .
table_7: millions the total minimum leasepayments of operatingleases is $ 4066 ; the total minimum leasepayments of capitalleases is $ 2200 ;
text_20: rent expense for operating leases with terms exceeding one month was $ 618 million in 2013 , $ 631 million in 2012 , and $ 637 million in 2011 .
Reasoning Steps:
Step: minus1-1(631, 637) = -6
Step: divide1-2(#0, 637) = -1%
Program:
subtract(631, 637), divide(#0, 637)
Program (Nested):
divide(subtract(631, 637), 637)
| -0.00942 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
on december 19 , 2011 , we redeemed the remaining $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 , and all $ 300 million of our outstanding 6.125% ( 6.125 % ) notes due january 15 , 2012 . the redemptions resulted in an early extinguishment charge of $ 5 million in the fourth quarter of 2011 . receivables securitization facility 2013 as of december 31 , 2013 and 2012 , we recorded $ 0 and $ 100 million , respectively , as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10 ) . 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.3 billion as of december 31 , 2013 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2013 and 2012 included $ 2486 million , net of $ 1092 million of accumulated depreciation , and $ 2467 million , net of $ 966 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2013 , were as follows : millions operating leases capital leases .
Table
millions | operatingleases | capitalleases
2014 | $ 512 | $ 272
2015 | 477 | 260
2016 | 438 | 239
2017 | 400 | 247
2018 | 332 | 225
later years | 1907 | 957
total minimum leasepayments | $ 4066 | $ 2200
amount representing interest | n/a | -498 ( 498 )
present value of minimum leasepayments | n/a | $ 1702
approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 618 million in 2013 , $ 631 million in 2012 , and $ 637 million in 2011 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .
Question:
what was the percentage change in rent expense for operating leases with terms exceeding one month from 2011 to 2012?
Important information:
text_6: these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .
table_7: millions the total minimum leasepayments of operatingleases is $ 4066 ; the total minimum leasepayments of capitalleases is $ 2200 ;
text_20: rent expense for operating leases with terms exceeding one month was $ 618 million in 2013 , $ 631 million in 2012 , and $ 637 million in 2011 .
Reasoning Steps:
Step: minus1-1(631, 637) = -6
Step: divide1-2(#0, 637) = -1%
Program:
subtract(631, 637), divide(#0, 637)
Program (Nested):
divide(subtract(631, 637), 637)
| finqa6229 |
what is the expected growth rate in amortization expense in 2017?
Important information:
text_6: amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively .
text_7: as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) .
table_1: 2018 the $ 322 of 2019 is $ 316 ; the $ 322 of 2020 is $ 305 ; the $ 322 of 2021 is $ 287 ; the $ 322 of 2022 is $ 268 ; the $ 322 of thereafter is $ 613 ;
Reasoning Steps:
Step: minus2-1(323, 326) = -3
Step: divide2-2(#0, 326) = -0.9%
Program:
subtract(323, 326), divide(#0, 326)
Program (Nested):
divide(subtract(323, 326), 326)
| -0.0092 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
92 | 2017 form 10-k finite-lived intangible assets are amortized over their estimated useful lives and tested for impairment if events or changes in circumstances indicate that the asset may be impaired . in 2016 , gross customer relationship intangibles of $ 96 million and related accumulated amortization of $ 27 million as well as gross intellectual property intangibles of $ 111 million and related accumulated amortization of $ 48 million from the resource industries segment were impaired . the fair value of these intangibles was determined to be insignificant based on an income approach using expected cash flows . the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs . the total impairment of $ 132 million was a result of restructuring activities and is included in other operating ( income ) expense in statement 1 . see note 25 for information on restructuring costs . amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively . as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) .
Table
2018 | 2019 | 2020 | 2021 | 2022 | thereafter
$ 322 | $ 316 | $ 305 | $ 287 | $ 268 | $ 613
b . goodwill there were no goodwill impairments during 2017 or 2015 . our annual impairment tests completed in the fourth quarter of 2016 indicated the fair value of each reporting unit was substantially above its respective carrying value , including goodwill , with the exception of our surface mining & technology reporting unit . the surface mining & technology reporting unit , which primarily serves the mining industry , is a part of our resource industries segment . the goodwill assigned to this reporting unit is largely from our acquisition of bucyrus international , inc . in 2011 . its product portfolio includes large mining trucks , electric rope shovels , draglines , hydraulic shovels and related parts . in addition to equipment , surface mining & technology also develops and sells technology products and services to provide customer fleet management , equipment management analytics and autonomous machine capabilities . the annual impairment test completed in the fourth quarter of 2016 indicated that the fair value of surface mining & technology was below its carrying value requiring the second step of the goodwill impairment test process . the fair value of surface mining & technology was determined primarily using an income approach based on a discounted ten year cash flow . we assigned the fair value to surface mining & technology 2019s assets and liabilities using various valuation techniques that required assumptions about royalty rates , dealer attrition , technological obsolescence and discount rates . the resulting implied fair value of goodwill was below the carrying value . accordingly , we recognized a goodwill impairment charge of $ 595 million , which resulted in goodwill of $ 629 million remaining for surface mining & technology as of october 1 , 2016 . the fair value determination is categorized as level 3 in the fair value hierarchy due to its use of internal projections and unobservable measurement inputs . there was a $ 17 million tax benefit associated with this impairment charge. .
Question:
what is the expected growth rate in amortization expense in 2017?
Important information:
text_6: amortization expense related to intangible assets was $ 323 million , $ 326 million and $ 337 million for 2017 , 2016 and 2015 , respectively .
text_7: as of december 31 , 2017 , amortization expense related to intangible assets is expected to be : ( millions of dollars ) .
table_1: 2018 the $ 322 of 2019 is $ 316 ; the $ 322 of 2020 is $ 305 ; the $ 322 of 2021 is $ 287 ; the $ 322 of 2022 is $ 268 ; the $ 322 of thereafter is $ 613 ;
Reasoning Steps:
Step: minus2-1(323, 326) = -3
Step: divide2-2(#0, 326) = -0.9%
Program:
subtract(323, 326), divide(#0, 326)
Program (Nested):
divide(subtract(323, 326), 326)
| finqa6230 |
what was the percentage change in research and development net from 2014 to 2015?
Important information:
table_1: ( $ in millions ) the research and development 2013 total of 2016 is $ 487 ; the research and development 2013 total of 2015 is $ 494 ; the research and development 2013 total of 2014 is $ 499 ;
table_3: ( $ in millions ) the research and development net of 2016 is $ 466 ; the research and development net of 2015 is $ 476 ; the research and development net of 2014 is $ 483 ;
text_30: marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
Reasoning Steps:
Step: minus1-1(476, 483) = -7
Step: divide1-2(#0, 483) = -1%
Program:
subtract(476, 483), divide(#0, 483)
Program (Nested):
divide(subtract(476, 483), 483)
| -0.01449 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements 40 2016 ppg annual report and form 10-k 1 . summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries , inc . ( 201cppg 201d or the 201ccompany 201d ) and all subsidiaries , both u.s . and non-u.s. , that it controls . ppg owns more than 50% ( 50 % ) of the voting stock of most of the subsidiaries that it controls . for those consolidated subsidiaries in which the company 2019s ownership is less than 100% ( 100 % ) , the outside shareholders 2019 interests are shown as noncontrolling interests . investments in companies in which ppg owns 20% ( 20 % ) to 50% ( 50 % ) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting . as a result , ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in 201cinvestments 201d in the accompanying consolidated balance sheet . transactions between ppg and its subsidiaries are eliminated in consolidation . use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s . generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements , as well as the reported amounts of income and expenses during the reporting period . such estimates also include the fair value of assets acquired and liabilities assumed resulting from the allocation of the purchase price related to business combinations consummated . actual outcomes could differ from those estimates . revenue recognition the company recognizes revenue when the earnings process is complete . revenue is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered . shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income . shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales , exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income . selling , general and administrative costs amounts presented as 201cselling , general and administrative 201d in the accompanying consolidated statement of income are comprised of selling , customer service , distribution and advertising costs , as well as the costs of providing corporate- wide functional support in such areas as finance , law , human resources and planning . distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses and other distribution facilities . advertising costs advertising costs are expensed as incurred and totaled $ 322 million , $ 324 million and $ 297 million in 2016 , 2015 and 2014 , respectively . research and development research and development costs , which consist primarily of employee related costs , are charged to expense as incurred. .
Table
( $ in millions ) | 2016 | 2015 | 2014
research and development 2013 total | $ 487 | $ 494 | $ 499
less depreciation on research facilities | 21 | 18 | 16
research and development net | $ 466 | $ 476 | $ 483
legal costs legal costs , primarily include costs associated with acquisition and divestiture transactions , general litigation , environmental regulation compliance , patent and trademark protection and other general corporate purposes , are charged to expense as incurred . foreign currency translation the functional currency of most significant non-u.s . operations is their local currency . assets and liabilities of those operations are translated into u.s . dollars using year-end exchange rates ; income and expenses are translated using the average exchange rates for the reporting period . unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss , a separate component of shareholders 2019 equity . cash equivalents cash equivalents are highly liquid investments ( valued at cost , which approximates fair value ) acquired with an original maturity of three months or less . short-term investments short-term investments are highly liquid , high credit quality investments ( valued at cost plus accrued interest ) that have stated maturities of greater than three months to one year . the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows . marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
Question:
what was the percentage change in research and development net from 2014 to 2015?
Important information:
table_1: ( $ in millions ) the research and development 2013 total of 2016 is $ 487 ; the research and development 2013 total of 2015 is $ 494 ; the research and development 2013 total of 2014 is $ 499 ;
table_3: ( $ in millions ) the research and development net of 2016 is $ 466 ; the research and development net of 2015 is $ 476 ; the research and development net of 2014 is $ 483 ;
text_30: marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income , net of tax , for those designated as available for sale securities. .
Reasoning Steps:
Step: minus1-1(476, 483) = -7
Step: divide1-2(#0, 483) = -1%
Program:
subtract(476, 483), divide(#0, 483)
Program (Nested):
divide(subtract(476, 483), 483)
| finqa6231 |
what percentage of the total number of shares purchased were purchased in october?
Important information:
table_1: period the oct . 1 through oct . 31 of totalnumber ofsharespurchased[a] is 99782 ; the oct . 1 through oct . 31 of averagepricepaid pershare is $ 128.78 ; the oct . 1 through oct . 31 of total number of sharespurchased as part of apublicly announcedplan orprogram is - ; the oct . 1 through oct . 31 of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is 9774279 ;
table_2: period the nov . 1 through nov . 30 of totalnumber ofsharespurchased[a] is 540294 ; the nov . 1 through nov . 30 of averagepricepaid pershare is 124.70 ; the nov . 1 through nov . 30 of total number of sharespurchased as part of apublicly announcedplan orprogram is 528000 ; the nov . 1 through nov . 30 of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is 9246279 ;
table_4: period the total of totalnumber ofsharespurchased[a] is 2626154 ; the total of averagepricepaid pershare is $ 127.75 ; the total of total number of sharespurchased as part of apublicly announcedplan orprogram is 2397800 ; the total of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is n/a ;
Reasoning Steps:
Step: divide1-1(99782, 2626154) = 4%
Program:
divide(99782, 2626154)
Program (Nested):
divide(99782, 2626154)
| 0.038 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program .
Table
period | totalnumber ofsharespurchased[a] | averagepricepaid pershare | total number of sharespurchased as part of apublicly announcedplan orprogram | maximum number ofshares that may yetbe purchased underthe plan orprogram[b]
oct . 1 through oct . 31 | 99782 | $ 128.78 | - | 9774279
nov . 1 through nov . 30 | 540294 | 124.70 | 528000 | 9246279
dec . 1 through dec . 31 | 1986078 | 128.53 | 1869800 | 7376479
total | 2626154 | $ 127.75 | 2397800 | n/a
[a] total number of shares purchased during the quarter includes 228354 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 january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 . we may make these repurchases on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .
Question:
what percentage of the total number of shares purchased were purchased in october?
Important information:
table_1: period the oct . 1 through oct . 31 of totalnumber ofsharespurchased[a] is 99782 ; the oct . 1 through oct . 31 of averagepricepaid pershare is $ 128.78 ; the oct . 1 through oct . 31 of total number of sharespurchased as part of apublicly announcedplan orprogram is - ; the oct . 1 through oct . 31 of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is 9774279 ;
table_2: period the nov . 1 through nov . 30 of totalnumber ofsharespurchased[a] is 540294 ; the nov . 1 through nov . 30 of averagepricepaid pershare is 124.70 ; the nov . 1 through nov . 30 of total number of sharespurchased as part of apublicly announcedplan orprogram is 528000 ; the nov . 1 through nov . 30 of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is 9246279 ;
table_4: period the total of totalnumber ofsharespurchased[a] is 2626154 ; the total of averagepricepaid pershare is $ 127.75 ; the total of total number of sharespurchased as part of apublicly announcedplan orprogram is 2397800 ; the total of maximum number ofshares that may yetbe purchased underthe plan orprogram[b] is n/a ;
Reasoning Steps:
Step: divide1-1(99782, 2626154) = 4%
Program:
divide(99782, 2626154)
Program (Nested):
divide(99782, 2626154)
| finqa6232 |
in 2013 what was the percent of the maturities of long term debt of the total contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012
Important information:
table_1: in millions the maturities of long-term debt ( a ) of 2013 is $ 444 ; the maturities of long-term debt ( a ) of 2014 is $ 708 ; the maturities of long-term debt ( a ) of 2015 is $ 479 ; the maturities of long-term debt ( a ) of 2016 is $ 571 ; the maturities of long-term debt ( a ) of 2017 is $ 216 ; the maturities of long-term debt ( a ) of thereafter is $ 7722 ;
table_4: in millions the purchase obligations ( c ) of 2013 is 3213 ; the purchase obligations ( c ) of 2014 is 828 ; the purchase obligations ( c ) of 2015 is 722 ; the purchase obligations ( c ) of 2016 is 620 ; the purchase obligations ( c ) of 2017 is 808 ; the purchase obligations ( c ) of thereafter is 2654 ;
table_5: in millions the total ( d ) of 2013 is $ 3855 ; the total ( d ) of 2014 is $ 1672 ; the total ( d ) of 2015 is $ 1307 ; the total ( d ) of 2016 is $ 6434 ; the total ( d ) of 2017 is $ 1074 ; the total ( d ) of thereafter is $ 10517 ;
Reasoning Steps:
Step: divide1-1(444, 3855) = 11.52%
Program:
divide(444, 3855)
Program (Nested):
divide(444, 3855)
| 0.11518 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
through current cash balances and cash from oper- ations . additionally , the company has existing credit facilities totaling $ 2.5 billion . the company was in compliance with all its debt covenants at december 31 , 2012 . the company 2019s financial covenants require the maintenance of a minimum net worth of $ 9 billion and a total debt-to- capital ratio of less than 60% ( 60 % ) . net worth is defined as the sum of common stock , paid-in capital and retained earnings , less treasury stock plus any cumulative goodwill impairment charges . the calcu- lation also excludes accumulated other compre- hensive income/loss and nonrecourse financial liabilities of special purpose entities . the total debt- to-capital ratio is defined as total debt divided by the sum of total debt plus net worth . at december 31 , 2012 , international paper 2019s net worth was $ 13.9 bil- lion , and the total-debt-to-capital ratio was 42% ( 42 % ) . the company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows . funding decisions will be guided by our capi- tal structure planning objectives . the primary goals of the company 2019s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense . the majority of international paper 2019s debt is accessed through global public capital markets where we have a wide base of investors . maintaining an investment grade credit rating is an important element of international paper 2019s financing strategy . at december 31 , 2012 , the company held long-term credit ratings of bbb ( stable outlook ) and baa3 ( stable outlook ) by s&p and moody 2019s , respectively . contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012 , were as follows: .
Table
in millions | 2013 | 2014 | 2015 | 2016 | 2017 | thereafter
maturities of long-term debt ( a ) | $ 444 | $ 708 | $ 479 | $ 571 | $ 216 | $ 7722
debt obligations with right of offset ( b ) | 2014 | 2014 | 2014 | 5173 | 2014 | 2014
lease obligations | 198 | 136 | 106 | 70 | 50 | 141
purchase obligations ( c ) | 3213 | 828 | 722 | 620 | 808 | 2654
total ( d ) | $ 3855 | $ 1672 | $ 1307 | $ 6434 | $ 1074 | $ 10517
( a ) total debt includes scheduled principal payments only . ( b ) represents debt obligations borrowed from non-consolidated variable interest entities for which international paper has , and intends to effect , a legal right to offset these obligations with investments held in the entities . accordingly , in its con- solidated balance sheet at december 31 , 2012 , international paper has offset approximately $ 5.2 billion of interests in the entities against this $ 5.2 billion of debt obligations held by the entities ( see note 11 variable interest entities and preferred securities of subsidiaries on pages 69 through 72 in item 8 . financial statements and supplementary data ) . ( c ) includes $ 3.6 billion relating to fiber supply agreements entered into at the time of the 2006 transformation plan forest- land sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . ( d ) not included in the above table due to the uncertainty as to the amount and timing of the payment are unrecognized tax bene- fits of approximately $ 620 million . we consider the undistributed earnings of our for- eign subsidiaries as of december 31 , 2012 , to be indefinitely reinvested and , accordingly , no u.s . income taxes have been provided thereon . as of december 31 , 2012 , the amount of cash associated with indefinitely reinvested foreign earnings was approximately $ 840 million . we do not anticipate the need to repatriate funds to the united states to sat- isfy domestic liquidity needs arising in the ordinary course of business , including liquidity needs asso- ciated with our domestic debt service requirements . pension obligations and funding at december 31 , 2012 , the projected benefit obliga- tion for the company 2019s u.s . defined benefit plans determined under u.s . gaap was approximately $ 4.1 billion higher than the fair value of plan assets . approximately $ 3.7 billion of this amount relates to plans that are subject to minimum funding require- ments . under current irs funding rules , the calcu- lation of minimum funding requirements differs from the calculation of the present value of plan benefits ( the projected benefit obligation ) for accounting purposes . in december 2008 , the worker , retiree and employer recovery act of 2008 ( wera ) was passed by the u.s . congress which provided for pension funding relief and technical corrections . funding contributions depend on the funding method selected by the company , and the timing of its implementation , as well as on actual demo- graphic data and the targeted funding level . the company continually reassesses the amount and timing of any discretionary contributions and elected to make voluntary contributions totaling $ 44 million and $ 300 million for the years ended december 31 , 2012 and 2011 , respectively . at this time , we expect that required contributions to its plans in 2013 will be approximately $ 31 million , although the company may elect to make future voluntary contributions . the timing and amount of future contributions , which could be material , will depend on a number of factors , including the actual earnings and changes in values of plan assets and changes in interest rates . ilim holding s.a . shareholder 2019s agreement in october 2007 , in connection with the for- mation of the ilim holding s.a . joint venture , international paper entered into a share- holder 2019s agreement that includes provisions relating to the reconciliation of disputes among the partners . this agreement provides that at .
Question:
in 2013 what was the percent of the maturities of long term debt of the total contractual obligations for future payments under existing debt and lease commitments and purchase obligations at december 31 , 2012
Important information:
table_1: in millions the maturities of long-term debt ( a ) of 2013 is $ 444 ; the maturities of long-term debt ( a ) of 2014 is $ 708 ; the maturities of long-term debt ( a ) of 2015 is $ 479 ; the maturities of long-term debt ( a ) of 2016 is $ 571 ; the maturities of long-term debt ( a ) of 2017 is $ 216 ; the maturities of long-term debt ( a ) of thereafter is $ 7722 ;
table_4: in millions the purchase obligations ( c ) of 2013 is 3213 ; the purchase obligations ( c ) of 2014 is 828 ; the purchase obligations ( c ) of 2015 is 722 ; the purchase obligations ( c ) of 2016 is 620 ; the purchase obligations ( c ) of 2017 is 808 ; the purchase obligations ( c ) of thereafter is 2654 ;
table_5: in millions the total ( d ) of 2013 is $ 3855 ; the total ( d ) of 2014 is $ 1672 ; the total ( d ) of 2015 is $ 1307 ; the total ( d ) of 2016 is $ 6434 ; the total ( d ) of 2017 is $ 1074 ; the total ( d ) of thereafter is $ 10517 ;
Reasoning Steps:
Step: divide1-1(444, 3855) = 11.52%
Program:
divide(444, 3855)
Program (Nested):
divide(444, 3855)
| finqa6233 |
what is the total tobacco-related cases pending in the united states as of december 31 , 2013?
Important information:
table_1: type of case the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2014 is 67 ; the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2013 is 67 ; the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2012 is 77 ;
table_2: type of case the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2014 is 5 ; the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2013 is 6 ; the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2012 is 7 ;
table_3: type of case the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2014 is 1 ; the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2013 is 1 ; the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2012 is 1 ;
table_4: type of case the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2014 is 12 ; the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2013 is 15 ; the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2012 is 14 ;
Reasoning Steps:
Step: add2-1(67, 6) = 73
Step: add2-2(#0, 1) = 74
Step: add2-3(#1, 15) = 89
Program:
add(67, 6), add(#0, 1), add(#1, 15)
Program (Nested):
add(add(add(67, 6), 1), 15)
| 89.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
cases ; ( ii ) management is unable to estimate the possible loss or range of loss that could result from an unfavorable outcome in any of the pending tobacco-related cases ; and ( iii ) accordingly , management has not provided any amounts in the consolidated financial statements for unfavorable outcomes , if any . legal defense costs are expensed as incurred . altria group , inc . and its subsidiaries have achieved substantial success in managing litigation . nevertheless , litigation is subject to uncertainty and significant challenges remain . it is possible that the consolidated results of operations , cash flows or financial position of altria group , inc. , or one or more of its subsidiaries , could be materially affected in a particular fiscal quarter or fiscal year by an unfavorable outcome or settlement of certain pending litigation . altria group , inc . and each of its subsidiaries named as a defendant believe , and each has been so advised by counsel handling the respective cases , that it has valid defenses to the litigation pending against it , as well as valid bases for appeal of adverse verdicts . each of the companies has defended , and will continue to defend , vigorously against litigation challenges . however , altria group , inc . and its subsidiaries may enter into settlement discussions in particular cases if they believe it is in the best interests of altria group , inc . to do so . overview of altria group , inc . and/or pm usa tobacco-related litigation types and number of cases : claims related to tobacco products generally fall within the following categories : ( i ) smoking and health cases alleging personal injury brought on behalf of individual plaintiffs ; ( ii ) smoking and health cases primarily alleging personal injury or seeking court- supervised programs for ongoing medical monitoring and purporting to be brought on behalf of a class of individual plaintiffs , including cases in which the aggregated claims of a number of individual plaintiffs are to be tried in a single proceeding ; ( iii ) health care cost recovery cases brought by governmental ( both domestic and foreign ) plaintiffs seeking reimbursement for health care expenditures allegedly caused by cigarette smoking and/or disgorgement of profits ; ( iv ) class action suits alleging that the uses of the terms 201clights 201d and 201cultra lights 201d constitute deceptive and unfair trade practices , common law or statutory fraud , unjust enrichment , breach of warranty or violations of the racketeer influenced and corrupt organizations act ( 201crico 201d ) ; and ( v ) other tobacco- related litigation described below . plaintiffs 2019 theories of recovery and the defenses raised in pending smoking and health , health care cost recovery and 201clights/ultra lights 201d cases are discussed below . the table below lists the number of certain tobacco-related cases pending in the united states against pm usa and , in some instances , altria group , inc . as of december 31 , 2014 , december 31 , 2013 and december 31 , 2012 . type of case number of cases pending as of december 31 , 2014 number of cases pending as of december 31 , 2013 number of cases pending as of december 31 , 2012 individual smoking and health cases ( 1 ) 67 67 77 smoking and health class actions and aggregated claims litigation ( 2 ) 5 6 7 health care cost recovery actions ( 3 ) 1 1 1 .
Table
type of case | number of casespending as ofdecember 31 2014 | number of casespending as ofdecember 31 2013 | number of casespending as ofdecember 31 2012
individual smoking and health cases ( 1 ) | 67 | 67 | 77
smoking and health class actions and aggregated claims litigation ( 2 ) | 5 | 6 | 7
health care cost recovery actions ( 3 ) | 1 | 1 | 1
201clights/ultra lights 201d class actions | 12 | 15 | 14
( 1 ) does not include 2558 cases brought by flight attendants seeking compensatory damages for personal injuries allegedly caused by exposure to environmental tobacco smoke ( 201cets 201d ) . the flight attendants allege that they are members of an ets smoking and health class action in florida , which was settled in 1997 ( broin ) . the terms of the court-approved settlement in that case allow class members to file individual lawsuits seeking compensatory damages , but prohibit them from seeking punitive damages . also , does not include individual smoking and health cases brought by or on behalf of plaintiffs in florida state and federal courts following the decertification of the engle case ( discussed below in smoking and health litigation - engle class action ) . ( 2 ) includes as one case the 600 civil actions ( of which 346 were actions against pm usa ) that were to be tried in a single proceeding in west virginia ( in re : tobacco litigation ) . the west virginia supreme court of appeals has ruled that the united states constitution did not preclude a trial in two phases in this case . issues related to defendants 2019 conduct and whether punitive damages are permissible were tried in the first phase . trial in the first phase of this case began in april 2013 . in may 2013 , the jury returned a verdict in favor of defendants on the claims for design defect , negligence , failure to warn , breach of warranty , and concealment and declined to find that the defendants 2019 conduct warranted punitive damages . plaintiffs prevailed on their claim that ventilated filter cigarettes should have included use instructions for the period 1964 - 1969 . the second phase , if any , will consist of individual trials to determine liability and compensatory damages on that claim only . in august 2013 , the trial court denied all post-trial motions . the trial court entered final judgment in october 2013 and , in november 2013 , plaintiffs filed their notice of appeal to the west virginia supreme court of appeals . on november 3 , 2014 , the west virginia supreme court of appeals affirmed the final judgment . plaintiffs filed a petition for rehearing with the west virginia supreme court of appeals , which the court denied on january 8 , 2015 . ( 3 ) see health care cost recovery litigation - federal government 2019s lawsuit below . altria group , inc . and subsidiaries notes to consolidated financial statements _________________________ altria_mdc_2014form10k_nolinks_crops.pdf 68 2/25/15 5:56 pm .
Question:
what is the total tobacco-related cases pending in the united states as of december 31 , 2013?
Important information:
table_1: type of case the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2014 is 67 ; the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2013 is 67 ; the individual smoking and health cases ( 1 ) of number of casespending as ofdecember 31 2012 is 77 ;
table_2: type of case the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2014 is 5 ; the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2013 is 6 ; the smoking and health class actions and aggregated claims litigation ( 2 ) of number of casespending as ofdecember 31 2012 is 7 ;
table_3: type of case the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2014 is 1 ; the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2013 is 1 ; the health care cost recovery actions ( 3 ) of number of casespending as ofdecember 31 2012 is 1 ;
table_4: type of case the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2014 is 12 ; the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2013 is 15 ; the 201clights/ultra lights 201d class actions of number of casespending as ofdecember 31 2012 is 14 ;
Reasoning Steps:
Step: add2-1(67, 6) = 73
Step: add2-2(#0, 1) = 74
Step: add2-3(#1, 15) = 89
Program:
add(67, 6), add(#0, 1), add(#1, 15)
Program (Nested):
add(add(add(67, 6), 1), 15)
| finqa6234 |
what was the percentage change in the deffered tax asset balance in 2009 from 2008
Important information:
text_3: the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million .
text_4: the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million .
text_5: the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s .
Reasoning Steps:
Step: divide1-1(274, 72) = 380.5%
Program:
divide(274, 72)
Program (Nested):
divide(274, 72)
| 3.80556 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
deferred tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions deferred income tax assets , deferred charges and other assets , other accrued liabilities and deferred income taxes . the decrease in 2009 in deferred tax assets principally relates to the tax impact of changes in recorded qualified pension liabilities , minimum tax credit utilization and an increase in the valuation allowance . the decrease in deferred income tax liabilities principally relates to less tax depreciation taken on the company 2019s assets purchased in 2009 . the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million . the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million . the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s . state deferred tax assets , including $ 15 million recorded in the fourth quarter of 2009 for louisiana recycling credits . the effect on the company 2019s effec- tive tax rate of the aforementioned $ 211 million and $ 10 million is included in the line item 201ctax rate and permanent differences on non-u.s . earnings . 201d international paper adopted the provisions of new guidance under asc 740 , 201cincome taxes , 201d on jan- uary 1 , 2007 related to uncertain tax positions . as a result of the implementation of this new guidance , the company recorded a charge to the beginning balance of retained earnings of $ 94 million , which was accounted for as a reduction to the january 1 , 2007 balance of retained earnings . a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ending december 31 , 2009 and 2008 is as follows : in millions 2009 2008 2007 .
Table
in millions | 2009 | 2008 | 2007
balance at january 1 | $ -435 ( 435 ) | $ -794 ( 794 ) | -919 ( 919 )
additions based on tax positions related to current year | -28 ( 28 ) | -14 ( 14 ) | -12 ( 12 )
additions for tax positions of prior years | -82 ( 82 ) | -66 ( 66 ) | -30 ( 30 )
reductions for tax positions of prior years | 72 | 67 | 74
settlements | 174 | 352 | 112
expiration of statutes of limitations | 2 | 3 | 5
currency translation adjustment | -11 ( 11 ) | 17 | -24 ( 24 )
balance at december 31 | $ -308 ( 308 ) | $ -435 ( 435 ) | $ -794 ( 794 )
included in the balance at december 31 , 2009 and 2008 are $ 56 million and $ 9 million , respectively , for tax positions for which the ultimate benefits are highly certain , but for which there is uncertainty about the timing of such benefits . however , except for the possible effect of any penalties , any dis- allowance that would change the timing of these benefits would not affect the annual effective tax rate , but would accelerate the payment of cash to the taxing authority to an earlier period . the company accrues interest on unrecognized tax benefits as a component of interest expense . penal- ties , if incurred , are recognized as a component of income tax expense . the company had approx- imately $ 95 million and $ 74 million accrued for the payment of estimated interest and penalties asso- ciated with unrecognized tax benefits at december 31 , 2009 and 2008 , respectively . the major jurisdictions where the company files income tax returns are the united states , brazil , france , poland and russia . generally , tax years 2002 through 2009 remain open and subject to examina- tion by the relevant tax authorities . the company is typically engaged in various tax examinations at any given time , both in the united states and overseas . currently , the company is engaged in discussions with the u.s . internal revenue service regarding the examination of tax years 2006 and 2007 . as a result of these discussions , other pending tax audit settle- ments , and the expiration of statutes of limitation , the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $ 125 million during the next twelve months . during 2009 , unrecognized tax benefits decreased by $ 127 million . while the company believes that it is adequately accrued for possible audit adjustments , the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates . the company 2019s 2009 income tax provision of $ 469 million included $ 279 million related to special items and other charges , consisting of a $ 534 million tax benefit related to restructuring and other charges , a $ 650 million tax expense for the alternative fuel mixture credit , and $ 163 million of tax-related adjustments including a $ 156 million tax expense to establish a valuation allowance for net operating loss carryforwards in france , a $ 26 million tax benefit for the effective settlement of federal tax audits , a $ 15 million tax expense to establish a valuation allow- ance for louisiana recycling credits , and $ 18 million of other income tax adjustments . excluding the impact of special items , the tax provision was .
Question:
what was the percentage change in the deffered tax asset balance in 2009 from 2008
Important information:
text_3: the valuation allowance for deferred tax assets as of december 31 , 2008 was $ 72 million .
text_4: the net change in the total valuation allowance for the year ended december 31 , 2009 , was an increase of $ 274 million .
text_5: the increase of $ 274 million consists primarily of : ( 1 ) $ 211 million related to the company 2019s french operations , including a valuation allowance of $ 55 million against net deferred tax assets from current year operations and $ 156 million recorded in the second quarter of 2009 for the establishment of a valuation allowance against previously recorded deferred tax assets , ( 2 ) $ 10 million for net deferred tax assets arising from the company 2019s united king- dom current year operations , and ( 3 ) $ 47 million related to a reduction of previously recorded u.s .
Reasoning Steps:
Step: divide1-1(274, 72) = 380.5%
Program:
divide(274, 72)
Program (Nested):
divide(274, 72)
| finqa6235 |
what was the ratio of the lease obligations to purchase obligations
Important information:
table_1: in millions the lease obligations of 2014 is $ 171 ; the lease obligations of 2015 is $ 133 ; the lease obligations of 2016 is $ 97 ; the lease obligations of 2017 is $ 74 ; the lease obligations of 2018 is $ 59 ; the lease obligations of thereafter is $ 162 ;
table_2: in millions the purchase obligations ( a ) of 2014 is 3170 ; the purchase obligations ( a ) of 2015 is 770 ; the purchase obligations ( a ) of 2016 is 642 ; the purchase obligations ( a ) of 2017 is 529 ; the purchase obligations ( a ) of 2018 is 453 ; the purchase obligations ( a ) of thereafter is 2404 ;
text_2: rent expense was $ 215 million , $ 231 million and $ 205 million for 2013 , 2012 and 2011 , respectively .
Reasoning Steps:
Step: divide1-1(59, 453) = 0.13
Program:
divide(59, 453)
Program (Nested):
divide(59, 453)
| 0.13024 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
at december 31 , 2013 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: .
Table
in millions | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter
lease obligations | $ 171 | $ 133 | $ 97 | $ 74 | $ 59 | $ 162
purchase obligations ( a ) | 3170 | 770 | 642 | 529 | 453 | 2404
total | $ 3341 | $ 903 | $ 739 | $ 603 | $ 512 | $ 2566
( a ) includes $ 3.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business . rent expense was $ 215 million , $ 231 million and $ 205 million for 2013 , 2012 and 2011 , respectively . guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters . where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction . environmental proceedings international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) . many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources . while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties . remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable . international paper has estimated the probable liability associated with these matters to be approximately $ 94 million in the aggregate at december 31 , 2013 . cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota . during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a site remediation feasibility study . in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million . the overall remediation reserve for the site is currently $ 51 million to address this selection of an alternative for the soil remediation component of the overall site remedy . in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed . in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean-up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded . in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment . it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred . other : in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 42 million at december 31 , 2013 . other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements . kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan . the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st . regis paper company ( st . regis ) . the company is a successor in interest to st . regis . the company has not received any orders from the epa with respect to the site and continues to collect information from the epa and other parties relative to the site to evaluate the extent of its liability , if any , with respect to the site . accordingly , it is premature to estimate a loss or range of loss with respect to this site . also in connection with the kalamazoo river superfund site , the company was named as a defendant by georgia-pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site . the suit seeks contribution under cercla for $ 79 million in costs purportedly expended by plaintiffs as of the filing of the complaint and for future remediation costs . the suit alleges that a mill , during the time it was allegedly owned and operated by st . regis , discharged pcb contaminated solids and paper residuals resulting from paper de-inking and recycling . also named as defendants in the suit are ncr corporation and weyerhaeuser company . in mid-2011 , the suit was transferred from the district court for the eastern district of wisconsin to the district court for the western .
Question:
what was the ratio of the lease obligations to purchase obligations
Important information:
table_1: in millions the lease obligations of 2014 is $ 171 ; the lease obligations of 2015 is $ 133 ; the lease obligations of 2016 is $ 97 ; the lease obligations of 2017 is $ 74 ; the lease obligations of 2018 is $ 59 ; the lease obligations of thereafter is $ 162 ;
table_2: in millions the purchase obligations ( a ) of 2014 is 3170 ; the purchase obligations ( a ) of 2015 is 770 ; the purchase obligations ( a ) of 2016 is 642 ; the purchase obligations ( a ) of 2017 is 529 ; the purchase obligations ( a ) of 2018 is 453 ; the purchase obligations ( a ) of thereafter is 2404 ;
text_2: rent expense was $ 215 million , $ 231 million and $ 205 million for 2013 , 2012 and 2011 , respectively .
Reasoning Steps:
Step: divide1-1(59, 453) = 0.13
Program:
divide(59, 453)
Program (Nested):
divide(59, 453)
| finqa6236 |
what was the percentage change in total interest payments from 2009 to 2010?
Important information:
text_29: interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .
table_2: ( millions ) the total of 2011 is $ 33 ; the total of 2010 is $ 24 ;
text_62: interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .
Reasoning Steps:
Step: minus2-1(189, 201) = -12
Step: divide2-2(#0, 201) = -6%
Program:
subtract(189, 201), divide(#0, 201)
Program (Nested):
divide(subtract(189, 201), 201)
| -0.0597 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k .
Table
( millions ) | 2011 | 2010
other weighted average 3.72% ( 3.72 % ) as of dec . 31 2011 and 3.39% ( 3.39 % ) as of december 31 2010 | 33 | 24
total | $ 33 | $ 24
notes to the consolidated financial statements at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from the sale of these notes was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . in august 2010 , ppg entered into a three-year credit agreement with several banks and financial institutions ( the 201ccredit agreement 201d ) . the credit agreement provides for a $ 1.2 billion unsecured revolving credit facility . in connection with entering into this credit agreement , the company terminated its 20ac650 million and its $ 1 billion revolving credit facilities that were each set to expire in 2011 . there were no outstanding amounts due under either revolving facility at the times of their termination . the company has the ability to increase the size of the credit agreement by up to an additional $ 300 million , subject to the receipt of lender commitments and other conditions . the credit agreement will terminate and all amounts outstanding will be due and payable on august 5 , 2013 . the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . there were no amounts outstanding under the credit agreement at december 31 , 2011 ; however , the available borrowing rate on a one month , u.s . dollar denominated borrowing would have been 1.05 percent . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of 60 percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 679 million of which $ 36 million was used as of december 31 , 2011 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2011 and 2010 , was as follows : ( millions ) 2011 2010 other , weighted average 3.72% ( 3.72 % ) as of dec . 31 , 2011 and 3.39% ( 3.39 % ) as of december 31 , 2010 33 24 total $ 33 $ 24 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2011 , total indebtedness was 43 percent of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross-default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively . in october 2009 , the company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the company 2019s stock of which 1.1 million shares were purchased in the open market ( 465006 of these shares were purchased as of december 31 , 2009 at a weighted average price of $ 56.66 per share ) . the counterparty held the shares until september of 2010 when the company paid $ 65 million and took possession of these shares . in december 2008 , the company entered into an agreement with a counterparty to repurchase 1.5 million 44 2011 ppg annual report and form 10-k .
Question:
what was the percentage change in total interest payments from 2009 to 2010?
Important information:
text_29: interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .
table_2: ( millions ) the total of 2011 is $ 33 ; the total of 2010 is $ 24 ;
text_62: interest payments in 2011 , 2010 and 2009 totaled $ 212 million , $ 189 million and $ 201 million , respectively .
Reasoning Steps:
Step: minus2-1(189, 201) = -12
Step: divide2-2(#0, 201) = -6%
Program:
subtract(189, 201), divide(#0, 201)
Program (Nested):
divide(subtract(189, 201), 201)
| finqa6237 |
what was the change in millions of cash provided by operating activities from 2010 to 2011?
Important information:
table_1: cash flowsmillions the cash provided by operating activities of 2012 is $ 6161 ; the cash provided by operating activities of 2011 is $ 5873 ; the cash provided by operating activities of 2010 is $ 4105 ;
table_2: cash flowsmillions the cash used in investing activities of 2012 is -3633 ( 3633 ) ; the cash used in investing activities of 2011 is -3119 ( 3119 ) ; the cash used in investing activities of 2010 is -2488 ( 2488 ) ;
text_10: in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 .
Reasoning Steps:
Step: minus1-1(5873, 4105) = 1768
Program:
subtract(5873, 4105)
Program (Nested):
subtract(5873, 4105)
| 1768.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
at december 31 , 2012 and 2011 , we had a working capital surplus . this reflects a strong cash position , which provides enhanced liquidity in an uncertain economic environment . in addition , we believe we have adequate access to capital markets to meet any foreseeable cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions 2012 2011 2010 .
Table
cash flowsmillions | 2012 | 2011 | 2010
cash provided by operating activities | $ 6161 | $ 5873 | $ 4105
cash used in investing activities | -3633 ( 3633 ) | -3119 ( 3119 ) | -2488 ( 2488 )
cash used in financing activities | -2682 ( 2682 ) | -2623 ( 2623 ) | -2381 ( 2381 )
net change in cash and cashequivalents | $ -154 ( 154 ) | $ 131 | $ -764 ( 764 )
operating activities higher net income in 2012 increased cash provided by operating activities compared to 2011 , partially offset by lower tax benefits from bonus depreciation ( as explained below ) and payments for past wages based on national labor negotiations settled earlier this year . higher net income and lower cash income tax payments in 2011 increased cash provided by operating activities compared to 2010 . the tax relief , unemployment insurance reauthorization , and job creation act of 2010 provided for 100% ( 100 % ) bonus depreciation for qualified investments made during 2011 , and 50% ( 50 % ) bonus depreciation for qualified investments made during 2012 . as a result of the act , the company deferred a substantial portion of its 2011 income tax expense . this deferral decreased 2011 income tax payments , thereby contributing to the positive operating cash flow . in future years , however , additional cash will be used to pay income taxes that were previously deferred . in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 . investing activities higher capital investments in 2012 drove the increase in cash used in investing activities compared to 2011 . included in capital investments in 2012 was $ 75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012 , which we exercised due to favorable economic terms and market conditions . higher capital investments partially offset by higher proceeds from asset sales in 2011 drove the increase in cash used in investing activities compared to 2010. .
Question:
what was the change in millions of cash provided by operating activities from 2010 to 2011?
Important information:
table_1: cash flowsmillions the cash provided by operating activities of 2012 is $ 6161 ; the cash provided by operating activities of 2011 is $ 5873 ; the cash provided by operating activities of 2010 is $ 4105 ;
table_2: cash flowsmillions the cash used in investing activities of 2012 is -3633 ( 3633 ) ; the cash used in investing activities of 2011 is -3119 ( 3119 ) ; the cash used in investing activities of 2010 is -2488 ( 2488 ) ;
text_10: in addition , the adoption of a new accounting standard in january of 2010 changed the accounting treatment for our receivables securitization facility from a sale of undivided interests ( recorded as an operating activity ) to a secured borrowing ( recorded as a financing activity ) , which decreased cash provided by operating activities by $ 400 million in 2010 .
Reasoning Steps:
Step: minus1-1(5873, 4105) = 1768
Program:
subtract(5873, 4105)
Program (Nested):
subtract(5873, 4105)
| finqa6238 |
what was the percentage increase of inventories at lifo net from the beginning of 2012 to the end of 2013?
Important information:
text_16: inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 .
table_1: the inventories at fifo net of december 282013 is $ 2424795 ; the inventories at fifo net of december 292012 is $ 2182419 ;
table_2: the adjustments to state inventories at lifo of december 282013 is 131762 ; the adjustments to state inventories at lifo of december 292012 is 126190 ;
table_3: the inventories at lifo net of december 282013 is $ 2556557 ; the inventories at lifo net of december 292012 is $ 2308609 ;
Reasoning Steps:
Step: multiply2-1(2556557, 2182419) = 374138
Step: divide2-2(#0, 2182419) = 17.1%
Program:
multiply(2556557, 2182419), divide(#0, 2182419)
Program (Nested):
divide(multiply(2556557, 2182419), 2182419)
| 2556557.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
advance auto parts , inc . and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no . 2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired . furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test . asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted . the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows . 3 . inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 . under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years . the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively . the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies . in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories . product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method . product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor . because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method . inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively . inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 .
Table
| december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609
inventory quantities are tracked through a perpetual inventory system . the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations . in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory . reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question:
what was the percentage increase of inventories at lifo net from the beginning of 2012 to the end of 2013?
Important information:
text_16: inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 .
table_1: the inventories at fifo net of december 282013 is $ 2424795 ; the inventories at fifo net of december 292012 is $ 2182419 ;
table_2: the adjustments to state inventories at lifo of december 282013 is 131762 ; the adjustments to state inventories at lifo of december 292012 is 126190 ;
table_3: the inventories at lifo net of december 282013 is $ 2556557 ; the inventories at lifo net of december 292012 is $ 2308609 ;
Reasoning Steps:
Step: multiply2-1(2556557, 2182419) = 374138
Step: divide2-2(#0, 2182419) = 17.1%
Program:
multiply(2556557, 2182419), divide(#0, 2182419)
Program (Nested):
divide(multiply(2556557, 2182419), 2182419)
| finqa6239 |
what was the percentage change in reserves against inventory from 2005 to 2006?
Important information:
text_11: purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .
text_19: the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .
text_20: the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .
Reasoning Steps:
Step: minus2-1(31376, 22825) = 8551
Step: divide2-2(#0, 22825) = 37.5%
Program:
subtract(31376, 22825), divide(#0, 22825)
Program (Nested):
divide(subtract(31376, 22825), 22825)
| 0.37463 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
advance auto parts , inc . and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 . inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 . under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years . the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth . accordingly , the cost to replace inventory is less than the lifo balances carried for similar product . as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 . the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method . core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor . additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods . the company capitalizes certain purchasing and warehousing costs into inventory . purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively . inventories consist of the following : december 30 , december 31 , 2006 2005 .
Table
| december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099
replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 . inventory quantities are tracked through a perpetual inventory system . the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory . the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program . the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions . the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit . the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs . the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively . 9 . property and equipment : property and equipment are stated at cost , less accumulated depreciation . expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized . when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations . depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question:
what was the percentage change in reserves against inventory from 2005 to 2006?
Important information:
text_11: purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .
text_19: the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .
text_20: the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .
Reasoning Steps:
Step: minus2-1(31376, 22825) = 8551
Step: divide2-2(#0, 22825) = 37.5%
Program:
subtract(31376, 22825), divide(#0, 22825)
Program (Nested):
divide(subtract(31376, 22825), 22825)
| finqa6240 |
what was the change in equipment rents payable in millions from 2008 to 2009?
Important information:
table_1: millions of dollars the accounts payable of dec . 31 2009 is $ 612 ; the accounts payable of dec . 31 2008 is $ 629 ;
table_6: millions of dollars the equipment rents payable of dec . 31 2009 is 89 ; the equipment rents payable of dec . 31 2008 is 93 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2009 is $ 2470 ; the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ;
Reasoning Steps:
Step: minus2-1(89, 93) = -4
Program:
subtract(89, 93)
Program (Nested):
subtract(89, 93)
| -4.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing road infrastructure assets ( program projects ) , which is typically performed by our employees , and for track line expansion ( capacity projects ) . costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized . direct costs that are capitalized as part of self-constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . these costs are allocated using appropriate statistical bases . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 11 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions of dollars 2009 2008 .
Table
millions of dollars | dec . 31 2009 | dec . 31 2008
accounts payable | $ 612 | $ 629
accrued wages and vacation | 339 | 367
accrued casualty costs | 379 | 390
income and other taxes | 224 | 207
dividends and interest | 347 | 328
equipment rents payable | 89 | 93
other | 480 | 546
total accounts payable and other current liabilities | $ 2470 | $ 2560
12 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements. .
Question:
what was the change in equipment rents payable in millions from 2008 to 2009?
Important information:
table_1: millions of dollars the accounts payable of dec . 31 2009 is $ 612 ; the accounts payable of dec . 31 2008 is $ 629 ;
table_6: millions of dollars the equipment rents payable of dec . 31 2009 is 89 ; the equipment rents payable of dec . 31 2008 is 93 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2009 is $ 2470 ; the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ;
Reasoning Steps:
Step: minus2-1(89, 93) = -4
Program:
subtract(89, 93)
Program (Nested):
subtract(89, 93)
| finqa6241 |
what is the percentage increase of total accounts payable and other current liabilities from 2009-2010?
Important information:
text_5: 31 , millions 2010 2009 .
table_1: millions the accounts payable of dec . 31 2010 is $ 677 ; the accounts payable of dec . 31 2009 is $ 612 ;
table_8: millions the total accounts payable and other currentliabilities of dec . 31 2010 is $ 2713 ; the total accounts payable and other currentliabilities of dec . 31 2009 is $ 2470 ;
Reasoning Steps:
Step: minus1-1(2713, 2470) = 243
Step: divide1-2(#0, 2470) = 0.0984
Program:
subtract(2713, 2470), divide(#0, 2470)
Program (Nested):
divide(subtract(2713, 2470), 2470)
| 0.09838 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2010 2009 .
Table
millions | dec . 31 2010 | dec . 31 2009
accounts payable | $ 677 | $ 612
dividends and interest | 383 | 347
accrued wages and vacation | 357 | 339
income and other taxes | 337 | 224
accrued casualty costs | 325 | 379
equipment rents payable | 86 | 89
other | 548 | 480
total accounts payable and other currentliabilities | $ 2713 | $ 2470
13 . financial instruments strategy and risk 2013 we may use derivative financial instruments in limited instances for other than trading purposes to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk- management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable interest rate and fuel price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2010 and 2009 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities . determination of fair value 2013 we determine the fair values of our derivative financial instrument positions based upon current fair values as quoted by recognized dealers or the present value of expected future cash flows . interest rate fair value hedges 2013 we manage our overall exposure to fluctuations in interest rates by adjusting the proportion of fixed and floating rate debt instruments within our debt portfolio over a given period . we generally manage the mix of fixed and floating rate debt through the issuance of targeted amounts of each as debt matures or as we require incremental borrowings . we employ derivatives , primarily swaps , as one of the tools to obtain the targeted mix . in addition , we also obtain flexibility in managing interest costs and the interest rate mix within our debt portfolio by evaluating the issuance of and managing outstanding callable fixed-rate debt securities . swaps allow us to convert debt from fixed rates to variable rates and thereby hedge the risk of changes in the debt 2019s fair value attributable to the changes in interest rates . we account for swaps as fair value hedges using the short-cut method ; therefore , we do not record any ineffectiveness within our consolidated financial statements. .
Question:
what is the percentage increase of total accounts payable and other current liabilities from 2009-2010?
Important information:
text_5: 31 , millions 2010 2009 .
table_1: millions the accounts payable of dec . 31 2010 is $ 677 ; the accounts payable of dec . 31 2009 is $ 612 ;
table_8: millions the total accounts payable and other currentliabilities of dec . 31 2010 is $ 2713 ; the total accounts payable and other currentliabilities of dec . 31 2009 is $ 2470 ;
Reasoning Steps:
Step: minus1-1(2713, 2470) = 243
Step: divide1-2(#0, 2470) = 0.0984
Program:
subtract(2713, 2470), divide(#0, 2470)
Program (Nested):
divide(subtract(2713, 2470), 2470)
| finqa6242 |
what portion of total consideration transferred for acquisition of ecp and ais is cash consideration?
Important information:
table_1: the cash consideration of total acquisition date fair value ( in thousands ) is $ 15750 ;
table_2: the contingent consideration of total acquisition date fair value ( in thousands ) is 6000 ;
table_3: the total consideration transferred of total acquisition date fair value ( in thousands ) is $ 21750 ;
Reasoning Steps:
Step: divide1-1(15750, 21750) = 72.4%
Program:
divide(15750, 21750)
Program (Nested):
divide(15750, 21750)
| 0.72414 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) note 3 . acquisitions ( continued ) including the revenues of third-party licensees , or ( ii ) the company 2019s sale of ( a ) ecp , ( b ) all or substantially all of ecp 2019s assets , or ( c ) certain of ecp 2019s patent rights , the company will pay to syscore the lesser of ( x ) one-half of the profits earned from such sale described in the foregoing item ( ii ) , after accounting for the costs of acquiring and operating ecp , or ( y ) $ 15.0 million ( less any previous milestone payment ) . ecp 2019s acquisition of ais gmbh aachen innovative solutions in connection with the company 2019s acquisition of ecp , ecp acquired all of the share capital of ais gmbh aachen innovative solutions ( 201cais 201d ) , a limited liability company incorporated in germany , pursuant to a share purchase agreement dated as of june 30 , 2014 , by and among ecp and ais 2019s four individual shareholders . ais , based in aachen , germany , holds certain intellectual property useful to ecp 2019s business , and , prior to being acquired by ecp , had licensed such intellectual property to ecp . the purchase price for the acquisition of ais 2019s share capital was approximately $ 2.8 million in cash , which was provided by the company , and the acquisition closed immediately prior to abiomed europe 2019s acquisition of ecp . the share purchase agreement contains representations , warranties and closing conditions customary for transactions of its size and nature . purchase price allocation the acquisition of ecp and ais was accounted for as a business combination . the purchase price for the acquisition has been allocated to the assets acquired and liabilities assumed based on their estimated fair values . the acquisition-date fair value of the consideration transferred is as follows : acquisition date fair value ( in thousands ) .
Table
| total acquisition date fair value ( in thousands )
cash consideration | $ 15750
contingent consideration | 6000
total consideration transferred | $ 21750
.
Question:
what portion of total consideration transferred for acquisition of ecp and ais is cash consideration?
Important information:
table_1: the cash consideration of total acquisition date fair value ( in thousands ) is $ 15750 ;
table_2: the contingent consideration of total acquisition date fair value ( in thousands ) is 6000 ;
table_3: the total consideration transferred of total acquisition date fair value ( in thousands ) is $ 21750 ;
Reasoning Steps:
Step: divide1-1(15750, 21750) = 72.4%
Program:
divide(15750, 21750)
Program (Nested):
divide(15750, 21750)
| finqa6243 |
what was the percentage change in free cash flow from 2015 to 2016?
Important information:
table_1: millions the cash provided by operating activities of 2017 is $ 7230 ; the cash provided by operating activities of 2016 is $ 7525 ; the cash provided by operating activities of 2015 is $ 7344 ;
table_2: millions the cash used in investing activities of 2017 is -3086 ( 3086 ) ; the cash used in investing activities of 2016 is -3393 ( 3393 ) ; the cash used in investing activities of 2015 is -4476 ( 4476 ) ;
table_4: millions the free cash flow of 2017 is $ 2162 ; the free cash flow of 2016 is $ 2253 ; the free cash flow of 2015 is $ 524 ;
Reasoning Steps:
Step: minus1-1(2253, 524) = 1729
Step: divide1-2(#0, 524) = 330%
Program:
subtract(2253, 524), divide(#0, 524)
Program (Nested):
divide(subtract(2253, 524), 524)
| 3.29962 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
adjusted net income of $ 4.6 billion translated into adjusted earnings of $ 5.79 per diluted share , a best- ever performance . f0b7 freight revenues 2013 our freight revenues increased 7% ( 7 % ) year-over-year to $ 19.8 billion driven by volume growth of 2% ( 2 % ) , higher fuel surcharge revenue , and core pricing gains . growth in frac sand , coal , and intermodal shipments more than offset declines in grain , crude oil , finished vehicles , and rock shipments . f0b7 fuel prices 2013 our average price of diesel fuel in 2017 was $ 1.81 per gallon , an increase of 22% ( 22 % ) from 2016 , as both crude oil and conversion spreads between crude oil and diesel increased in 2017 . the higher price resulted in increased operating expenses of $ 334 million ( excluding any impact from year- over-year volume growth ) . gross-ton miles increased 5% ( 5 % ) , which also drove higher fuel expense . our fuel consumption rate , computed as gallons of fuel consumed divided by gross ton-miles in thousands , improved 2% ( 2 % ) . f0b7 free cash flow 2013 cash generated by operating activities totaled $ 7.2 billion , yielding free cash flow of $ 2.2 billion after reductions of $ 3.1 billion for cash used in investing activities and $ 2 billion in dividends , which included a 10% ( 10 % ) increase in our quarterly dividend per share from $ 0.605 to $ 0.665 declared and paid in the fourth quarter of 2017 . free cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under gaap by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : .
Table
millions | 2017 | 2016 | 2015
cash provided by operating activities | $ 7230 | $ 7525 | $ 7344
cash used in investing activities | -3086 ( 3086 ) | -3393 ( 3393 ) | -4476 ( 4476 )
dividends paid | -1982 ( 1982 ) | -1879 ( 1879 ) | -2344 ( 2344 )
free cash flow | $ 2162 | $ 2253 | $ 524
2018 outlook f0b7 safety 2013 operating a safe railroad benefits all our constituents : our employees , customers , shareholders and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , training and employee engagement , quality control , and targeted capital investments . we will continue using and expanding the deployment of total safety culture and courage to care throughout our operations , which allows us to identify and implement best practices for employee and operational safety . we will continue our efforts to increase detection of rail defects ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , industry programs and local community activities across our network . f0b7 network operations 2013 in 2018 , we will continue to align resources with customer demand , maintain an efficient network , and ensure surge capability of our assets . f0b7 fuel prices 2013 fuel price projections for crude oil and natural gas continue to fluctuate in the current environment . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . as prices fluctuate , there will be a timing impact on earnings , as our fuel surcharge programs trail increases or decreases in fuel price by approximately two months . lower fuel prices could have a positive impact on the economy by increasing consumer discretionary spending that potentially could increase demand for various consumer products that we transport . alternatively , lower fuel prices could likely have a negative impact on other commodities such as coal and domestic drilling-related shipments. .
Question:
what was the percentage change in free cash flow from 2015 to 2016?
Important information:
table_1: millions the cash provided by operating activities of 2017 is $ 7230 ; the cash provided by operating activities of 2016 is $ 7525 ; the cash provided by operating activities of 2015 is $ 7344 ;
table_2: millions the cash used in investing activities of 2017 is -3086 ( 3086 ) ; the cash used in investing activities of 2016 is -3393 ( 3393 ) ; the cash used in investing activities of 2015 is -4476 ( 4476 ) ;
table_4: millions the free cash flow of 2017 is $ 2162 ; the free cash flow of 2016 is $ 2253 ; the free cash flow of 2015 is $ 524 ;
Reasoning Steps:
Step: minus1-1(2253, 524) = 1729
Step: divide1-2(#0, 524) = 330%
Program:
subtract(2253, 524), divide(#0, 524)
Program (Nested):
divide(subtract(2253, 524), 524)
| finqa6244 |
what was the operating margin from printing papers in 2012
Important information:
table_1: in millions the sales of 2012 is $ 6230 ; the sales of 2011 is $ 6215 ; the sales of 2010 is $ 5940 ;
table_2: in millions the operating profit of 2012 is 599 ; the operating profit of 2011 is 872 ; the operating profit of 2010 is 481 ;
text_10: operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 .
Reasoning Steps:
Step: divide1-1(599, 6230) = 9.6%
Program:
divide(599, 6230)
Program (Nested):
divide(599, 6230)
| 0.09615 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
printing papers demand for printing papers products is closely corre- lated with changes in commercial printing and advertising activity , direct mail volumes and , for uncoated cut-size products , with changes in white- collar employment levels that affect the usage of copy and laser printer paper . pulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions . principal cost drivers include manufacturing efficiency , raw material and energy costs and freight costs . pr int ing papers net sales for 2012 were about flat with 2011 and increased 5% ( 5 % ) from 2010 . operat- ing profits in 2012 were 31% ( 31 % ) lower than in 2011 , but 25% ( 25 % ) higher than in 2010 . excluding facility closure costs and impairment costs , operating profits in 2012 were 30% ( 30 % ) lower than in 2011 and 25% ( 25 % ) lower than in 2010 . benefits from higher sales volumes ( $ 58 mil- lion ) were more than offset by lower sales price real- izations and an unfavorable product mix ( $ 233 million ) , higher operating costs ( $ 30 million ) , higher maintenance outage costs ( $ 17 million ) , higher input costs ( $ 32 million ) and other items ( $ 6 million ) . in addition , operating profits in 2011 included a $ 24 million gain related to the announced repurposing of our franklin , virginia mill to produce fluff pulp and an $ 11 million impairment charge related to our inverurie , scotland mill that was closed in 2009 . printing papers .
Table
in millions | 2012 | 2011 | 2010
sales | $ 6230 | $ 6215 | $ 5940
operating profit | 599 | 872 | 481
north american pr int ing papers net sales were $ 2.7 billion in 2012 , $ 2.8 billion in 2011 and $ 2.8 billion in 2010 . operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 . sales volumes in 2012 were flat with 2011 . average sales margins were lower primarily due to lower export sales prices and higher export sales volume . input costs were higher for wood and chemicals , but were partially offset by lower purchased pulp costs . freight costs increased due to higher oil prices . manufacturing operating costs were favorable reflecting strong mill performance . planned main- tenance downtime costs were slightly higher in 2012 . no market-related downtime was taken in either 2012 or 2011 . entering the first quarter of 2013 , sales volumes are expected to increase compared with the fourth quar- ter of 2012 reflecting seasonally stronger demand . average sales price realizations are expected to be relatively flat as sales price realizations for domestic and export uncoated freesheet roll and cutsize paper should be stable . input costs should increase for energy , chemicals and wood . planned maintenance downtime costs are expected to be about $ 19 million lower with an outage scheduled at our georgetown mill versus outages at our courtland and eastover mills in the fourth quarter of 2012 . braz i l ian papers net sales for 2012 were $ 1.1 bil- lion compared with $ 1.2 billion in 2011 and $ 1.1 bil- lion in 2010 . operating profits for 2012 were $ 163 million compared with $ 169 million in 2011 and $ 159 million in 2010 . sales volumes in 2012 were higher than in 2011 as international paper improved its segment position in the brazilian market despite weaker year-over-year conditions in most markets . average sales price realizations improved for domestic uncoated freesheet paper , but the benefit was more than offset by declining prices for exported paper . margins were favorably affected by an increased proportion of sales to the higher- margin domestic market . raw material costs increased for wood and chemicals , but costs for purchased pulp decreased . operating costs and planned maintenance downtime costs were lower than in 2011 . looking ahead to 2013 , sales volumes in the first quarter are expected to be lower than in the fourth quarter of 2012 due to seasonally weaker customer demand for uncoated freesheet paper . average sales price realizations are expected to increase in the brazilian domestic market due to the realization of an announced sales price increase for uncoated free- sheet paper , but the benefit should be partially offset by pricing pressures in export markets . average sales margins are expected to be negatively impacted by a less favorable geographic mix . input costs are expected to be about flat due to lower energy costs being offset by higher costs for wood , purchased pulp , chemicals and utilities . planned maintenance outage costs should be $ 4 million lower with no outages scheduled in the first quarter . operating costs should be favorably impacted by the savings generated by the start-up of a new biomass boiler at the mogi guacu mill . european papers net sales in 2012 were $ 1.4 bil- lion compared with $ 1.4 billion in 2011 and $ 1.3 bil- lion in 2010 . operating profits in 2012 were $ 179 million compared with $ 196 million ( $ 207 million excluding asset impairment charges related to our inverurie , scotland mill which was closed in 2009 ) in 2011 and $ 197 million ( $ 199 million excluding an asset impairment charge ) in 2010 . sales volumes in 2012 compared with 2011 were higher for uncoated freesheet paper in both europe and russia , while sales volumes for pulp were lower in both regions . average sales price realizations for uncoated .
Question:
what was the operating margin from printing papers in 2012
Important information:
table_1: in millions the sales of 2012 is $ 6230 ; the sales of 2011 is $ 6215 ; the sales of 2010 is $ 5940 ;
table_2: in millions the operating profit of 2012 is 599 ; the operating profit of 2011 is 872 ; the operating profit of 2010 is 481 ;
text_10: operating profits in 2012 were $ 331 million compared with $ 423 million ( $ 399 million excluding a $ 24 million gain associated with the repurposing of our franklin , virginia mill ) in 2011 and $ 18 million ( $ 333 million excluding facility clo- sure costs ) in 2010 .
Reasoning Steps:
Step: divide1-1(599, 6230) = 9.6%
Program:
divide(599, 6230)
Program (Nested):
divide(599, 6230)
| finqa6245 |
what portion of total future minimum lease payments is due in the next 24 months?
Important information:
table_1: year ending march 31 , the 2004 of operating leases is $ 781 ;
table_2: year ending march 31 , the 2005 of operating leases is 776 ;
table_7: year ending march 31 , the total future minimum lease payments of operating leases is $ 5354 ;
Reasoning Steps:
Step: add2-1(781, 776) = 1557
Step: divide2-2(#0, 5354) = 29.1%
Program:
add(781, 776), divide(#0, 5354)
Program (Nested):
divide(add(781, 776), 5354)
| 0.29081 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
a lump sum buyout cost of approximately $ 1.1 million . total rent expense under these leases , included in the accompanying consolidated statements of operations , was approximately $ 893000 , $ 856000 and $ 823000 for the fiscal years ended march 31 , 2001 , 2002 and 2003 , respectively . during the fiscal year ended march 31 , 2000 , the company entered into 36-month operating leases totaling approximately $ 644000 for the lease of office furniture . these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased at its fair market value . rental expense recorded for these leases during the fiscal years ended march 31 , 2001 , 2002 and 2003 was approximately $ 215000 , $ 215000 and $ 127000 respectively . during fiscal 2000 , the company entered into a 36-month capital lease for computer equipment and software for approximately $ 221000 . this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased at the stipulated buyout price . future minimum lease payments under all non-cancelable operating leases as of march 31 , 2003 are approximately as follows ( in thousands ) : .
Table
year ending march 31, | operating leases
2004 | $ 781
2005 | 776
2006 | 776
2007 | 769
2008 | 772
thereafter | 1480
total future minimum lease payments | $ 5354
from time to time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , will not have a material adverse effect on the company . 7 . stock option and purchase plans all stock options granted by the company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant . outstanding stock options , if not exercised , expire 10 years from the date of grant . the 1992 combination stock option plan ( the combination plan ) , as amended , was adopted in september 1992 as a combination and restatement of the company 2019s then outstanding incentive stock option plan and nonqualified plan . a total of 2670859 options were awarded from the combination plan during its ten-year restatement term that ended on may 1 , 2002 . as of march 31 , 2003 , 1286042 of these options remain outstanding and eligible for future exercise . these options are held by company employees and generally become exercisable ratably over five years . the 1998 equity incentive plan , ( the equity incentive plan ) , was adopted by the company in august 1998 . the equity incentive plan provides for grants of options to key employees , directors , advisors and consultants as either incentive stock options or nonqualified stock options as determined by the company 2019s board of directors . a maximum of 1000000 shares of common stock may be awarded under this plan . options granted under the equity incentive plan are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the equity incentive plan have vesting periods of 3 to 5 years from the date of grant . the 2000 stock incentive plan , ( the 2000 plan ) , was adopted by the company in august 2000 . the 2000 plan provides for grants of options to key employees , directors , advisors and consultants to the company or its subsidiaries as either incentive or nonqualified stock options as determined by the company 2019s board of directors . up to 1400000 shares of common stock may be awarded under the 2000 plan and are exercisable at such times and subject to such terms as the board of directors may specify at the time of each stock option grant . options outstanding under the 2000 plan generally vested 4 years from the date of grant . the company has a nonqualified stock option plan for non-employee directors ( the directors 2019 plan ) . the directors 2019 plan , as amended , was adopted in july 1989 and provides for grants of options to purchase shares of the company 2019s common stock to non-employee directors of the company . up to 400000 shares of common stock may be awarded under the directors 2019 plan . options outstanding under the directors 2019 plan have vesting periods of 1 to 5 years from the date of grant . notes to consolidated financial statements ( continued ) march 31 , 2003 page 25 .
Question:
what portion of total future minimum lease payments is due in the next 24 months?
Important information:
table_1: year ending march 31 , the 2004 of operating leases is $ 781 ;
table_2: year ending march 31 , the 2005 of operating leases is 776 ;
table_7: year ending march 31 , the total future minimum lease payments of operating leases is $ 5354 ;
Reasoning Steps:
Step: add2-1(781, 776) = 1557
Step: divide2-2(#0, 5354) = 29.1%
Program:
add(781, 776), divide(#0, 5354)
Program (Nested):
divide(add(781, 776), 5354)
| finqa6246 |
what was the ratio of the debt reduction to the stock repurchase
Important information:
text_16: through december 31 , 2006 , we have received approximately $ 9.7 billion of the estimated proceeds from divest- itures announced under this plan of approximately $ 11.3 billion , with the balance to be received as the remaining divestitures are completed in the first half of 2007 .
text_17: we have strengthened our balance sheet by reducing debt by $ 6.2 billion , and returned value to our shareholders by repurchasing 39.7 million shares of our common stock for approximately $ 1.4 billion .
text_18: we made a $ 1.0 billion voluntary contribution to our u.s .
Reasoning Steps:
Step: divide1-1(6.2, 1.4) = 4.43
Program:
divide(6.2, 1.4)
Program (Nested):
divide(6.2, 1.4)
| 4.42857 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
item 7 . management 2019s discussion and analysis of financial condition and results of operations executive summary international paper 2019s operating results in 2006 bene- fited from strong gains in pricing and sales volumes and lower operating costs . our average paper and packaging prices in 2006 increased faster than our costs for the first time in four years . the improve- ment in sales volumes reflects increased uncoated papers , corrugated box , coated paperboard and european papers shipments , as well as improved revenues from our xpedx distribution business . our manufacturing operations also made solid cost reduction improvements . lower interest expense , reflecting debt repayments in 2005 and 2006 , was also a positive factor . together , these improvements more than offset the effects of continued high raw material and distribution costs , lower real estate sales , higher net corporate expenses and lower con- tributions from businesses and forestlands divested during 2006 . looking forward to 2007 , we expect seasonally higher sales volumes in the first quarter . average paper price realizations should continue to improve as we implement previously announced price increases in europe and brazil . input costs for energy , fiber and chemicals are expected to be mixed , although slightly higher in the first quarter . operating results will benefit from the recently completed international paper/sun paperboard joint ventures in china and the addition of the luiz anto- nio paper mill to our operations in brazil . however , primarily as a result of lower real estate sales in the first quarter , we anticipate earnings from continuing operations will be somewhat lower than in the 2006 fourth quarter . significant steps were also taken in 2006 in the execution of the company 2019s transformation plan . we completed the sales of our u.s . and brazilian coated papers businesses and 5.6 million acres of u.s . forestlands , and announced definitive sale agreements for our kraft papers , beverage pack- aging and arizona chemical businesses and a majority of our wood products business , all expected to close during 2007 . through december 31 , 2006 , we have received approximately $ 9.7 billion of the estimated proceeds from divest- itures announced under this plan of approximately $ 11.3 billion , with the balance to be received as the remaining divestitures are completed in the first half of 2007 . we have strengthened our balance sheet by reducing debt by $ 6.2 billion , and returned value to our shareholders by repurchasing 39.7 million shares of our common stock for approximately $ 1.4 billion . we made a $ 1.0 billion voluntary contribution to our u.s . qualified pension fund . we have identified selective reinvestment opportunities totaling approx- imately $ 2.0 billion , including opportunities in china , brazil and russia . finally , we remain focused on our three-year $ 1.2 billion target for non-price profit- ability improvements , with $ 330 million realized during 2006 . while more remains to be done in 2007 , we have made substantial progress toward achiev- ing the objectives announced at the outset of the plan in july 2005 . results of operations industry segment operating profits are used by inter- national paper 2019s management to measure the earn- ings performance of its businesses . management believes that this measure allows a better under- standing of trends in costs , operating efficiencies , prices and volumes . industry segment operating profits are defined as earnings before taxes and minority interest , interest expense , corporate items and corporate special items . industry segment oper- ating profits are defined by the securities and exchange commission as a non-gaap financial measure , and are not gaap alternatives to net income or any other operating measure prescribed by accounting principles generally accepted in the united states . international paper operates in six segments : print- ing papers , industrial packaging , consumer pack- aging , distribution , forest products and specialty businesses and other . the following table shows the components of net earnings ( loss ) for each of the last three years : in millions 2006 2005 2004 .
Table
in millions | 2006 | 2005 | 2004
industry segment operating profits | $ 2074 | $ 1622 | $ 1703
corporate items net | -746 ( 746 ) | -607 ( 607 ) | -477 ( 477 )
corporate special items* | 2373 | -134 ( 134 ) | -141 ( 141 )
interest expense net | -521 ( 521 ) | -595 ( 595 ) | -712 ( 712 )
minority interest | -9 ( 9 ) | -9 ( 9 ) | -21 ( 21 )
income tax ( provision ) benefit | -1889 ( 1889 ) | 407 | -114 ( 114 )
discontinued operations | -232 ( 232 ) | 416 | -273 ( 273 )
net earnings ( loss ) | $ 1050 | $ 1100 | $ -35 ( 35 )
* corporate special items include gains on transformation plan forestland sales , goodwill impairment charges , restructuring and other charges , net losses on sales and impairments of businesses , insurance recoveries and reversals of reserves no longer required. .
Question:
what was the ratio of the debt reduction to the stock repurchase
Important information:
text_16: through december 31 , 2006 , we have received approximately $ 9.7 billion of the estimated proceeds from divest- itures announced under this plan of approximately $ 11.3 billion , with the balance to be received as the remaining divestitures are completed in the first half of 2007 .
text_17: we have strengthened our balance sheet by reducing debt by $ 6.2 billion , and returned value to our shareholders by repurchasing 39.7 million shares of our common stock for approximately $ 1.4 billion .
text_18: we made a $ 1.0 billion voluntary contribution to our u.s .
Reasoning Steps:
Step: divide1-1(6.2, 1.4) = 4.43
Program:
divide(6.2, 1.4)
Program (Nested):
divide(6.2, 1.4)
| finqa6247 |
what is the mathematical range of dilutive share equivalents from share-based plans for 2014-2016?
Important information:
text_4: note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
table_2: the dilutive share equivalents from share-based plans of 2016 is 4834 ; the dilutive share equivalents from share-based plans of 2015 is 4972 ; the dilutive share equivalents from share-based plans of 2014 is 4410 ;
table_3: the average common and common equivalent shares outstanding 2014 assuming dilution of 2016 is 217536 ; the average common and common equivalent shares outstanding 2014 assuming dilution of 2015 is 207509 ; the average common and common equivalent shares outstanding 2014 assuming dilution of 2014 is 197709 ;
Reasoning Steps:
Step: minus2-1(4972, 4410) = 562
Program:
subtract(4972, 4410)
Program (Nested):
subtract(4972, 4410)
| 562.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company ( b ) these reclassifications were recorded to interest expense and cost of products sold . additional details regarding the company's cash flow hedges are provided in note 13 . on august 25 , 2016 , in anticipation of proceeds to be received from the divestiture of the respiratory solutions business in the first quarter of fiscal year 2017 , the company entered into an accelerated share repurchase ( "asr" ) agreement . subsequent to the end of the company's fiscal year 2016 and as per the terms of the asr agreement , the company received approximately 1.3 million shares of its common stock , which was recorded as a $ 220 million increase to common stock in treasury . note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
Table
| 2016 | 2015 | 2014
average common shares outstanding | 212702 | 202537 | 193299
dilutive share equivalents from share-based plans | 4834 | 4972 | 4410
average common and common equivalent shares outstanding 2014 assuming dilution | 217536 | 207509 | 197709
average common and common equivalent shares outstanding 2014 assuming dilution 217536 207509 197709 upon closing the acquisition of carefusion corporation ( 201ccarefusion 201d ) on march 17 , 2015 , the company issued approximately 15.9 million of its common shares as part of the purchase consideration . additional disclosures regarding this acquisition are provided in note 9 . options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation . for the years ended september 30 , 2016 , 2015 and 2014 there were no options to purchase shares of common stock which were excluded from the diluted earnings per share calculation. .
Question:
what is the mathematical range of dilutive share equivalents from share-based plans for 2014-2016?
Important information:
text_4: note 4 2014 earnings per share the weighted average common shares used in the computations of basic and diluted earnings per share ( shares in thousands ) for the years ended september 30 were as follows: .
table_2: the dilutive share equivalents from share-based plans of 2016 is 4834 ; the dilutive share equivalents from share-based plans of 2015 is 4972 ; the dilutive share equivalents from share-based plans of 2014 is 4410 ;
table_3: the average common and common equivalent shares outstanding 2014 assuming dilution of 2016 is 217536 ; the average common and common equivalent shares outstanding 2014 assuming dilution of 2015 is 207509 ; the average common and common equivalent shares outstanding 2014 assuming dilution of 2014 is 197709 ;
Reasoning Steps:
Step: minus2-1(4972, 4410) = 562
Program:
subtract(4972, 4410)
Program (Nested):
subtract(4972, 4410)
| finqa6248 |
what is the percentage of powertrain systems sites among all sites?
Important information:
text_16: we have a presence in 46 countries .
table_2: the powertrain systems of north america is 4 ; the powertrain systems of europemiddle east& africa is 8 ; the powertrain systems of asia pacific is 5 ; the powertrain systems of south america is 1 ; the powertrain systems of total is 18 ;
table_4: the total of north america is 39 ; the total of europemiddle east& africa is 48 ; the total of asia pacific is 33 ; the total of south america is 6 ; the total of total is 126 ;
Reasoning Steps:
Step: divide2-1(18, 126) = 14.28%
Program:
divide(18, 126)
Program (Nested):
divide(18, 126)
| 0.14286 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
taxing authorities could challenge our historical and future tax positions . our future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory rates and changes in tax laws or their interpretation including changes related to tax holidays or tax incentives . our taxes could increase if certain tax holidays or incentives are not renewed upon expiration , or if tax rates or regimes applicable to us in such jurisdictions are otherwise increased . the amount of tax we pay is subject to our interpretation of applicable tax laws in the jurisdictions in which we file . we have taken and will continue to take tax positions based on our interpretation of such tax laws . in particular , we will seek to organize and operate ourselves in such a way that we are and remain tax resident in the united kingdom . additionally , in determining the adequacy of our provision for income taxes , we regularly assess the likelihood of adverse outcomes resulting from tax examinations . while it is often difficult to predict the final outcome or the timing of the resolution of a tax examination , our reserves for uncertain tax benefits reflect the outcome of tax positions that are more likely than not to occur . while we believe that we have complied with all applicable tax laws , there can be no assurance that a taxing authority will not have a different interpretation of the law and assess us with additional taxes . should additional taxes be assessed , this may result in a material adverse effect on our results of operations and financial condition . item 1b . unresolved staff comments we have no unresolved sec staff comments to report . item 2 . properties as of december 31 , 2016 , we owned or leased 126 major manufacturing sites and 15 major technical centers . a manufacturing site may include multiple plants and may be wholly or partially owned or leased . we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world . we have a presence in 46 countries . the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total .
Table
| north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 32 | 34 | 25 | 5 | 96
powertrain systems | 4 | 8 | 5 | 1 | 18
electronics and safety | 3 | 6 | 3 | 2014 | 12
total | 39 | 48 | 33 | 6 | 126
in addition to these manufacturing sites , we had 15 major technical centers : five in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america . of our 126 major manufacturing sites and 15 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 75 are primarily owned and 66 are primarily leased . we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses . we believe our evolving portfolio will meet current and anticipated future needs . item 3 . legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters . it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows . with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements . however , the final amounts required to resolve these matters could differ materially from our recorded estimates. .
Question:
what is the percentage of powertrain systems sites among all sites?
Important information:
text_16: we have a presence in 46 countries .
table_2: the powertrain systems of north america is 4 ; the powertrain systems of europemiddle east& africa is 8 ; the powertrain systems of asia pacific is 5 ; the powertrain systems of south america is 1 ; the powertrain systems of total is 18 ;
table_4: the total of north america is 39 ; the total of europemiddle east& africa is 48 ; the total of asia pacific is 33 ; the total of south america is 6 ; the total of total is 126 ;
Reasoning Steps:
Step: divide2-1(18, 126) = 14.28%
Program:
divide(18, 126)
Program (Nested):
divide(18, 126)
| finqa6249 |
what percentage of the total number of shares purchased were purchased in november?
Important information:
text_3: purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 .
table_2: period the nov . 1 through nov . 30 of total number of shares purchased [a] is 2901167 ; the nov . 1 through nov . 30 of average price paid per share is 95.68 ; the nov . 1 through nov . 30 of total number of shares purchased as part of a publicly announcedplan or program [b] is 2876067 ; the nov . 1 through nov . 30 of maximum number of shares remaining under the plan or program [b] is 20893359 ;
table_4: period the total of total number of shares purchased [a] is 9699127 ; the total of average price paid per share is $ 97.60 ; the total of total number of shares purchased as part of a publicly announcedplan or program [b] is 9624667 ; the total of maximum number of shares remaining under the plan or program [b] is n/a ;
Reasoning Steps:
Step: divide1-1(2901167, 9699127) = 30%
Program:
divide(2901167, 9699127)
Program (Nested):
divide(2901167, 9699127)
| 0.29912 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2011 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 . the following table presents common stock repurchases during each month for the fourth quarter of 2016 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .
Table
period | total number of shares purchased [a] | average price paid per share | total number of shares purchased as part of a publicly announcedplan or program [b] | maximum number of shares remaining under the plan or program [b]
oct . 1 through oct . 31 | 3501308 | $ 92.89 | 3452500 | 23769426
nov . 1 through nov . 30 | 2901167 | 95.68 | 2876067 | 20893359
dec . 1 through dec . 31 | 3296652 | 104.30 | 3296100 | 17597259
total | 9699127 | $ 97.60 | 9624667 | n/a
[a] total number of shares purchased during the quarter includes approximately 74460 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions . on november 17 , 2016 , our board of directors approved the early renewal of the share repurchase program , authorizing the repurchase of up to 120 million shares of our common stock by december 31 , 2020 . the new authorization was effective january 1 , 2017 , and replaces the previous authorization , which expired on december 31 , 2016. .
Question:
what percentage of the total number of shares purchased were purchased in november?
Important information:
text_3: purchases of equity securities 2013 during 2016 , we repurchased 35686529 shares of our common stock at an average price of $ 88.36 .
table_2: period the nov . 1 through nov . 30 of total number of shares purchased [a] is 2901167 ; the nov . 1 through nov . 30 of average price paid per share is 95.68 ; the nov . 1 through nov . 30 of total number of shares purchased as part of a publicly announcedplan or program [b] is 2876067 ; the nov . 1 through nov . 30 of maximum number of shares remaining under the plan or program [b] is 20893359 ;
table_4: period the total of total number of shares purchased [a] is 9699127 ; the total of average price paid per share is $ 97.60 ; the total of total number of shares purchased as part of a publicly announcedplan or program [b] is 9624667 ; the total of maximum number of shares remaining under the plan or program [b] is n/a ;
Reasoning Steps:
Step: divide1-1(2901167, 9699127) = 30%
Program:
divide(2901167, 9699127)
Program (Nested):
divide(2901167, 9699127)
| finqa6250 |
what is the average payment volume per transaction for american express?
Important information:
text_43: $ 2457 $ 3822 50.3 1592 .
table_1: company the visa inc. ( 1 ) of payments volume ( billions ) is $ 2457 ; the visa inc. ( 1 ) of total volume ( billions ) is $ 3822 ; the visa inc. ( 1 ) of total transactions ( billions ) is 50.3 ; the visa inc. ( 1 ) of cards ( millions ) is 1592 ;
table_3: company the american express of payments volume ( billions ) is 637 ; the american express of total volume ( billions ) is 647 ; the american express of total transactions ( billions ) is 5.0 ; the american express of cards ( millions ) is 86 ;
Reasoning Steps:
Step: divide1-1(637, const_5) = 127.40
Program:
divide(637, const_5)
Program (Nested):
divide(637, const_5)
| 127.4 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
largest operators of open-loop and closed-loop retail electronic payments networks the largest operators of open-loop and closed-loop retail electronic payments networks are visa , mastercard , american express , discover , jcb and diners club . with the exception of discover , which primarily operates in the united states , all of the other network operators can be considered multi- national or global providers of payments network services . based on payments volume , total volume , number of transactions and number of cards in circulation , visa is the largest retail electronic payments network in the world . the following chart compares our network with those of our major competitors for calendar year 2007 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2457 $ 3822 50.3 1592 .
Table
company | payments volume ( billions ) | total volume ( billions ) | total transactions ( billions ) | cards ( millions )
visa inc. ( 1 ) | $ 2457 | $ 3822 | 50.3 | 1592
mastercard | 1697 | 2276 | 27.0 | 916
american express | 637 | 647 | 5.0 | 86
discover | 102 | 119 | 1.6 | 57
jcb | 55 | 61 | 0.6 | 58
diners club | 29 | 30 | 0.2 | 7
( 1 ) visa inc . figures as reported previously in our filings . source : the nilson report , issue 902 ( may 2008 ) and issue 903 ( may 2008 ) . note : visa inc . figures exclude visa europe . figures for competitors include their respective european operations . visa figures include visa , visa electron , and interlink brands . visa cards include plus proprietary cards , but proprietary plus cash volume is not included . domestic china figures are excluded . mastercard figures include pin-based debit card figures on mastercard cards , but not maestro or cirrus figures . china commercial funds transfers are excluded . american express and discover include business from third-party issuers . jcb figures are for april 2006 through march 2007 , but cards and outlets are as of september 2007 . jcb total transaction figures are estimates . our primary operations we generate revenue from the transaction processing services we offer to our customers . our customers deliver visa products and payment services to consumers and merchants based on the product platforms we define and manage . payments network management is a core part of our operations , as it ensures that our payments system provides a safe , efficient , consistent , and interoperable service to cardholders , merchants , and financial institutions worldwide . transaction processing services core processing services our core processing services involve the routing of payment information and related data to facilitate the authorization , clearing and settlement of transactions between visa issuers , which are the financial institutions that issue visa cards to cardholders , and acquirers , which are the financial institutions that offer visa network connectivity and payments acceptance services to merchants . in addition , we offer a range of value-added processing services to support our customers 2019 visa programs and to promote the growth and security of the visa payments network . authorization is the process of approving or declining a transaction before a purchase is finalized or cash is disbursed . clearing is the process of delivering final transaction data from an acquirer to an issuer for posting to the cardholder 2019s account , the calculation of certain fees and charges that apply to the issuer and acquirer involved in the transaction , and the conversion of transaction amounts to the .
Question:
what is the average payment volume per transaction for american express?
Important information:
text_43: $ 2457 $ 3822 50.3 1592 .
table_1: company the visa inc. ( 1 ) of payments volume ( billions ) is $ 2457 ; the visa inc. ( 1 ) of total volume ( billions ) is $ 3822 ; the visa inc. ( 1 ) of total transactions ( billions ) is 50.3 ; the visa inc. ( 1 ) of cards ( millions ) is 1592 ;
table_3: company the american express of payments volume ( billions ) is 637 ; the american express of total volume ( billions ) is 647 ; the american express of total transactions ( billions ) is 5.0 ; the american express of cards ( millions ) is 86 ;
Reasoning Steps:
Step: divide1-1(637, const_5) = 127.40
Program:
divide(637, const_5)
Program (Nested):
divide(637, const_5)
| finqa0 |
what was the percentage cumulative total return for the five year period ended 31-dec-2017 of citi common stock?
Important information:
text_1: the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_6: date the 31-dec-2017 of citi is 193.5 ; the 31-dec-2017 of s&p 500 is 208.1 ; the 31-dec-2017 of s&p financials is 230.9 ;
Reasoning Steps:
Step: minus1-1(193.5, const_100) = 93.5
Step: divide1-2(#0, const_100) = 93.5%
Program:
subtract(193.5, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(193.5, const_100), const_100)
| 0.935 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
performance graph comparison of five-year cumulative total return the following graph and table compare the cumulative total return on citi 2019s common stock , which is listed on the nyse under the ticker symbol 201cc 201d and held by 65691 common stockholders of record as of january 31 , 2018 , with the cumulative total return of the s&p 500 index and the s&p financial index over the five-year period through december 31 , 2017 . the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested . comparison of five-year cumulative total return for the years ended date citi s&p 500 financials .
Table
date | citi | s&p 500 | s&p financials
31-dec-2012 | 100.0 | 100.0 | 100.0
31-dec-2013 | 131.8 | 132.4 | 135.6
31-dec-2014 | 137.0 | 150.5 | 156.2
31-dec-2015 | 131.4 | 152.6 | 153.9
31-dec-2016 | 152.3 | 170.8 | 188.9
31-dec-2017 | 193.5 | 208.1 | 230.9
.
Question:
what was the percentage cumulative total return for the five year period ended 31-dec-2017 of citi common stock?
Important information:
text_1: the graph and table assume that $ 100 was invested on december 31 , 2012 in citi 2019s common stock , the s&p 500 index and the s&p financial index , and that all dividends were reinvested .
table_1: date the 31-dec-2012 of citi is 100.0 ; the 31-dec-2012 of s&p 500 is 100.0 ; the 31-dec-2012 of s&p financials is 100.0 ;
table_6: date the 31-dec-2017 of citi is 193.5 ; the 31-dec-2017 of s&p 500 is 208.1 ; the 31-dec-2017 of s&p financials is 230.9 ;
Reasoning Steps:
Step: minus1-1(193.5, const_100) = 93.5
Step: divide1-2(#0, const_100) = 93.5%
Program:
subtract(193.5, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(193.5, const_100), const_100)
| finqa1 |
what percentage of the total oil and gas mmboe comes from canada?
Important information:
table_1: the u.s . onshore of oil ( mmbbls ) is 12 ; the u.s . onshore of gas ( bcf ) is 626 ; the u.s . onshore of ngls ( mmbbls ) is 23 ; the u.s . onshore of total ( mmboe ) is 140 ;
table_3: the canada of oil ( mmbbls ) is 23 ; the canada of gas ( bcf ) is 198 ; the canada of ngls ( mmbbls ) is 4 ; the canada of total ( mmboe ) is 60 ;
table_5: the total of oil ( mmbbls ) is 66 ; the total of gas ( bcf ) is 894 ; the total of ngls ( mmbbls ) is 28 ; the total of total ( mmboe ) is 243 ;
Reasoning Steps:
Step: divide2-1(60, 243) = 0.2469
Step: multiply2-2(#0, const_100) = 24.69
Program:
divide(60, 243), multiply(#0, const_100)
Program (Nested):
multiply(divide(60, 243), const_100)
| 24.69136 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the acquisition date is on or after the beginning of the first annual reporting period beginning on or after december 15 , 2008 . we will evaluate how the new requirements of statement no . 141 ( r ) would impact any business combinations completed in 2009 or thereafter . in december 2007 , the fasb also issued statement of financial accounting standards no . 160 , noncontrolling interests in consolidated financial statements 2014an amendment of accounting research bulletin no . 51 . a noncontrolling interest , sometimes called a minority interest , is the portion of equity in a subsidiary not attributable , directly or indirectly , to a parent . statement no . 160 establishes accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary . under statement no . 160 , noncontrolling interests in a subsidiary must be reported as a component of consolidated equity separate from the parent 2019s equity . additionally , the amounts of consolidated net income attributable to both the parent and the noncontrolling interest must be reported separately on the face of the income statement . statement no . 160 is effective for fiscal years beginning on or after december 15 , 2008 and earlier adoption is prohibited . we do not expect the adoption of statement no . 160 to have a material impact on our financial statements and related disclosures . 2008 estimates the forward-looking statements provided in this discussion are based on our examination of historical operating trends , the information that was used to prepare the december 31 , 2007 reserve reports and other data in our possession or available from third parties . these forward-looking statements were prepared assuming demand , curtailment , producibility and general market conditions for our oil , natural gas and ngls during 2008 will be substantially similar to those of 2007 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to canadian operations have been converted to u.s . dollars using a projected average 2008 exchange rate of $ 0.98 u.s . dollar to $ 1.00 canadian dollar . in january 2007 , we announced our intent to divest our west african oil and gas assets and terminate our operations in west africa , including equatorial guinea , cote d 2019ivoire , gabon and other countries in the region . in november 2007 , we announced an agreement to sell our operations in gabon for $ 205.5 million . we are finalizing purchase and sales agreements and obtaining the necessary partner and government approvals for the remaining properties in this divestiture package . we are optimistic we can complete these sales during the first half of 2008 . all west african related revenues , expenses and capital will be reported as discontinued operations in our 2008 financial statements . accordingly , all forward-looking estimates in the following discussion exclude amounts related to our operations in west africa , unless otherwise noted . though we have completed several major property acquisitions and dispositions in recent years , these transactions are opportunity driven . thus , the following forward-looking estimates do not include any financial and operating effects of potential property acquisitions or divestitures that may occur during 2008 , except for west africa as previously discussed . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2008 . we estimate that our combined 2008 oil , gas and ngl production will total approximately 240 to 247 mmboe . of this total , approximately 92% ( 92 % ) is estimated to be produced from reserves classified as 201cproved 201d at december 31 , 2007 . the following estimates for oil , gas and ngl production are calculated at the midpoint of the estimated range for total production . oil gas ngls total ( mmbbls ) ( bcf ) ( mmbbls ) ( mmboe ) .
Table
| oil ( mmbbls ) | gas ( bcf ) | ngls ( mmbbls ) | total ( mmboe )
u.s . onshore | 12 | 626 | 23 | 140
u.s . offshore | 8 | 68 | 1 | 20
canada | 23 | 198 | 4 | 60
international | 23 | 2 | 2014 | 23
total | 66 | 894 | 28 | 243
.
Question:
what percentage of the total oil and gas mmboe comes from canada?
Important information:
table_1: the u.s . onshore of oil ( mmbbls ) is 12 ; the u.s . onshore of gas ( bcf ) is 626 ; the u.s . onshore of ngls ( mmbbls ) is 23 ; the u.s . onshore of total ( mmboe ) is 140 ;
table_3: the canada of oil ( mmbbls ) is 23 ; the canada of gas ( bcf ) is 198 ; the canada of ngls ( mmbbls ) is 4 ; the canada of total ( mmboe ) is 60 ;
table_5: the total of oil ( mmbbls ) is 66 ; the total of gas ( bcf ) is 894 ; the total of ngls ( mmbbls ) is 28 ; the total of total ( mmboe ) is 243 ;
Reasoning Steps:
Step: divide2-1(60, 243) = 0.2469
Step: multiply2-2(#0, const_100) = 24.69
Program:
divide(60, 243), multiply(#0, const_100)
Program (Nested):
multiply(divide(60, 243), const_100)
| finqa2 |
in 2010 what was the net change in net revenue in millions
Important information:
table_1: the 2009 net revenue of amount ( in millions ) is $ 536.7 ;
table_3: the other of amount ( in millions ) is -0.3 ( 0.3 ) ;
table_4: the 2010 net revenue of amount ( in millions ) is $ 555.3 ;
Reasoning Steps:
Step: add1-1(18.9, 0.3) = 18.6
Program:
add(18.9, 0.3)
Program (Nested):
add(18.9, 0.3)
| 19.2 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy mississippi , inc . management 2019s financial discussion and analysis 2010 compared to 2009 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 ( credits ) . following is an analysis of the change in net revenue comparing 2010 to 2009 . amount ( in millions ) .
Table
| amount ( in millions )
2009 net revenue | $ 536.7
volume/weather | 18.9
other | -0.3 ( 0.3 )
2010 net revenue | $ 555.3
the volume/weather variance is primarily due to an increase of 1046 gwh , or 8% ( 8 % ) , in billed electricity usage in all sectors , primarily due to the effect of more favorable weather on the residential sector . gross operating revenues , fuel and purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to an increase of $ 22 million in power management rider revenue as the result of higher rates , the volume/weather variance discussed above , and an increase in grand gulf rider revenue as a result of higher rates and increased usage , offset by a decrease of $ 23.5 million in fuel cost recovery revenues due to lower fuel rates . fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections , offset by an increase in the average market price of purchased power coupled with increased net area demand . other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider . other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to : a $ 5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense ; and the sale of $ 4.9 million of surplus oil inventory . the decrease was partially offset by an increase of $ 3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment . taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010 , partially offset by higher capitalized property taxes as compared with prior year . depreciation and amortization expenses increased primarily due to an increase in plant in service . interest expense decreased primarily due to a revision caused by ferc 2019s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects. .
Question:
in 2010 what was the net change in net revenue in millions
Important information:
table_1: the 2009 net revenue of amount ( in millions ) is $ 536.7 ;
table_3: the other of amount ( in millions ) is -0.3 ( 0.3 ) ;
table_4: the 2010 net revenue of amount ( in millions ) is $ 555.3 ;
Reasoning Steps:
Step: add1-1(18.9, 0.3) = 18.6
Program:
add(18.9, 0.3)
Program (Nested):
add(18.9, 0.3)
| finqa3 |
what are the deferred fuel cost revisions as a percentage of the increase in fuel cost recovery revenues?
Important information:
text_1: management's financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 98.0 million in fuel cost recovery revenues due to higher fuel rates ; and 2022 an increase due to volume/weather , as discussed above .
text_6: following is an analysis of the change in net revenue comparing 2003 to 2002. .
table_2: the deferred fuel cost revisions of ( in millions ) is 59.1 ;
Key Information: entergy louisiana , inc .
Reasoning Steps:
Step: divide2-1(59.1, 98.0) = 60.3%
Program:
divide(59.1, 98.0)
Program (Nested):
divide(59.1, 98.0)
| 0.60306 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy louisiana , inc . management's financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 98.0 million in fuel cost recovery revenues due to higher fuel rates ; and 2022 an increase due to volume/weather , as discussed above . the increase was partially offset by the following : 2022 a decrease of $ 31.9 million in the price applied to unbilled sales , as discussed above ; 2022 a decrease of $ 12.2 million in rate refund provisions , as discussed above ; and 2022 a decrease of $ 5.2 million in gross wholesale revenue due to decreased sales to affiliated systems . fuel and purchased power expenses increased primarily due to : 2022 an increase in the recovery from customers of deferred fuel costs ; and 2022 an increase in the market price of natural gas . other regulatory credits increased primarily due to : 2022 the deferral in 2004 of $ 14.3 million of capacity charges related to generation resource planning as allowed by the lpsc ; 2022 the amortization in 2003 of $ 11.8 million of deferred capacity charges , as discussed above ; and 2022 the deferral in 2004 of $ 11.4 million related to entergy's voluntary severance program , in accordance with a proposed stipulation with the lpsc staff . 2003 compared to 2002 net revenue , which is entergy louisiana's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2003 to 2002. .
Table
| ( in millions )
2002 net revenue | $ 922.9
deferred fuel cost revisions | 59.1
asset retirement obligation | 8.2
volume | -16.2 ( 16.2 )
vidalia settlement | -9.2 ( 9.2 )
other | 8.9
2003 net revenue | $ 973.7
the deferred fuel cost revisions variance resulted from a revised unbilled sales pricing estimate made in december 2002 and a further revision made in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs . the asset retirement obligation variance was due to the implementation of sfas 143 , "accounting for asset retirement obligations" adopted in january 2003 . see "critical accounting estimates" for more details on sfas 143 . the increase was offset by decommissioning expense and had no effect on net income . the volume variance was due to a decrease in electricity usage in the service territory . billed usage decreased 1868 gwh in the industrial sector including the loss of a large industrial customer to cogeneration. .
Question:
what are the deferred fuel cost revisions as a percentage of the increase in fuel cost recovery revenues?
Important information:
text_1: management's financial discussion and analysis gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 98.0 million in fuel cost recovery revenues due to higher fuel rates ; and 2022 an increase due to volume/weather , as discussed above .
text_6: following is an analysis of the change in net revenue comparing 2003 to 2002. .
table_2: the deferred fuel cost revisions of ( in millions ) is 59.1 ;
Key Information: entergy louisiana , inc .
Reasoning Steps:
Step: divide2-1(59.1, 98.0) = 60.3%
Program:
divide(59.1, 98.0)
Program (Nested):
divide(59.1, 98.0)
| finqa4 |
what was the change in millions of operating income from 2016 to 2017?
Important information:
table_3: ( in millions ) the operating income of for the years ended december 31 , 2017 is 11503 ; the operating income of for the years ended december 31 , 2016 is 10815 ; the operating income of for the years ended december 31 , $ is 688 ; the operating income of % ( % ) is 6.4% ( 6.4 % ) ;
text_9: 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 ) .
text_23: excluding .
Reasoning Steps:
Step: minus1-1(11503, 10815) = 688
Program:
subtract(11503, 10815)
Program (Nested):
subtract(11503, 10815)
| 688.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
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 % )
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 .
Question:
what was the change in millions of operating income from 2016 to 2017?
Important information:
table_3: ( in millions ) the operating income of for the years ended december 31 , 2017 is 11503 ; the operating income of for the years ended december 31 , 2016 is 10815 ; the operating income of for the years ended december 31 , $ is 688 ; the operating income of % ( % ) is 6.4% ( 6.4 % ) ;
text_9: 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 ) .
text_23: excluding .
Reasoning Steps:
Step: minus1-1(11503, 10815) = 688
Program:
subtract(11503, 10815)
Program (Nested):
subtract(11503, 10815)
| finqa5 |
what was jpmorgan chase & co's common equity tier 1 ( cet1 ) ratio in 2008?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_2: december 31 ( in millions ) the total tier 2 capital of 2008 is 48616 ; the total tier 2 capital of 2007 is 43496 ;
table_3: december 31 ( in millions ) the total capital of 2008 is $ 184720 ; the total capital of 2007 is $ 132242 ;
Reasoning Steps:
Step: divide1-1(136104, 1244659) = 10.94%
Program:
divide(136104, 1244659)
Program (Nested):
divide(136104, 1244659)
| 0.10935 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
jpmorgan chase & co . / 2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es ( ib , cb , tss and am ) and consumer businesses ( rfs and cs ) . credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses , both from defaults and declines in the portfolio value due to credit deterioration , measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard . unexpected losses are losses in excess of those for which provisions for credit losses are maintained . the capital methodology is based upon several principal drivers of credit risk : exposure at default ( or loan-equivalent amount ) , default likelihood , credit spreads , loss severity and portfolio correlation . credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation . actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard . statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks , such as subordination levels on market transactions or capital held at representative monoline competitors , where appropriate . market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables , such as interest and foreign exchange rates , credit spreads , securities prices and commodities prices . daily value-at-risk ( 201cvar 201d ) , biweekly stress-test results and other factors are used to determine appropriate capital levels . the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures . see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures . operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis . the operational risk capital model is based upon actual losses and potential scenario-based stress losses , with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts . the firm believes its model is consistent with the new basel ii framework . private equity risk capital capital is allocated to privately and publicly held securities , third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations . in addition to negative market fluctua- tions , potential losses in private equity investment portfolios can be magnified by liquidity risk . the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions . regulatory capital the board of governors of the federal reserve system ( the 201cfederal reserve 201d ) establishes capital requirements , including well-capitalized standards for the consolidated financial holding company . the office of the comptroller of the currency ( 201cocc 201d ) establishes similar capital requirements and standards for the firm 2019s national banks , including jpmorgan chase bank , n.a. , and chase bank usa , n.a . the federal reserve granted the firm , for a period of 18 months fol- lowing the bear stearns merger , relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired . the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1 , 2009 . the occ granted jpmorgan chase bank , n.a . similar relief from its risk-based capital and leverage requirements . jpmorgan chase maintained a well-capitalized position , based upon tier 1 and total capital ratios at december 31 , 2008 and 2007 , as indicated in the tables below . for more information , see note 30 on pages 212 2013213 of this annual report . risk-based capital components and assets .
Table
december 31 ( in millions ) | 2008 | 2007
total tier 1capital ( a ) | $ 136104 | $ 88746
total tier 2 capital | 48616 | 43496
total capital | $ 184720 | $ 132242
risk-weighted assets | $ 1244659 | $ 1051879
total adjusted average assets | 1966895 | 1473541
( a ) the fasb has been deliberating certain amendments to both sfas 140 and fin 46r that may impact the accounting for transactions that involve qspes and vies . based on the provisions of the current proposal and the firm 2019s interpretation of the propos- al , the firm estimates that the impact of consolidation could be up to $ 70 billion of credit card receivables , $ 40 billion of assets related to firm-sponsored multi-seller conduits , and $ 50 billion of other loans ( including residential mortgages ) ; the decrease in the tier 1 capital ratio could be approximately 80 basis points . the ulti- mate impact could differ significantly due to the fasb 2019s continuing deliberations on the final requirements of the rule and market conditions. .
Question:
what was jpmorgan chase & co's common equity tier 1 ( cet1 ) ratio in 2008?
Important information:
table_1: december 31 ( in millions ) the total tier 1capital ( a ) of 2008 is $ 136104 ; the total tier 1capital ( a ) of 2007 is $ 88746 ;
table_2: december 31 ( in millions ) the total tier 2 capital of 2008 is 48616 ; the total tier 2 capital of 2007 is 43496 ;
table_3: december 31 ( in millions ) the total capital of 2008 is $ 184720 ; the total capital of 2007 is $ 132242 ;
Reasoning Steps:
Step: divide1-1(136104, 1244659) = 10.94%
Program:
divide(136104, 1244659)
Program (Nested):
divide(136104, 1244659)
| finqa6 |
at the end of 2014 , the notional value of derivatives designated as hedging instruments under gaap was what percent of the fair value?
Important information:
text_7: the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 127 : total gross derivatives .
table_1: in millions the derivatives designated as hedging instruments under gaap of december 31 2013 notional/contractamount is $ 36197 ; the derivatives designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is $ 1189 ; the derivatives designated as hedging instruments under gaap of december 31 2013 liabilityfairvalue ( b ) is $ 364 ; the derivatives designated as hedging instruments under gaap of december 31 2013 notional/contractamount is $ 29270 ; the derivatives designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is $ 1872 ; the derivatives designated as hedging instruments under gaap of liabilityfairvalue ( b ) is $ 152 ;
table_2: in millions the derivatives not designated as hedging instruments under gaap of december 31 2013 notional/contractamount is 345059 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is 3604 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 liabilityfairvalue ( b ) is 3570 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 notional/contractamount is 337086 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is 6696 ; the derivatives not designated as hedging instruments under gaap of liabilityfairvalue ( b ) is 6458 ;
Reasoning Steps:
Step: divide1-1(36197, 1189) = 3044%
Program:
divide(36197, 1189)
Program (Nested):
divide(36197, 1189)
| 30.44323 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
note 17 financial derivatives we use derivative financial instruments ( derivatives ) primarily to help manage exposure to interest rate , market and credit risk and reduce the effects that changes in interest rates may have on net income , fair value of assets and liabilities , and cash flows . we also enter into derivatives with customers to facilitate their risk management activities . derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract . derivative transactions are often measured in terms of notional amount , but this amount is generally not exchanged and it is not recorded on the balance sheet . the notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract . the underlying is a referenced interest rate ( commonly libor ) , security price , credit spread or other index . residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments . the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 127 : total gross derivatives .
Table
in millions | december 31 2013 notional/contractamount | december 31 2013 assetfairvalue ( a ) | december 31 2013 liabilityfairvalue ( b ) | december 31 2013 notional/contractamount | december 31 2013 assetfairvalue ( a ) | liabilityfairvalue ( b )
derivatives designated as hedging instruments under gaap | $ 36197 | $ 1189 | $ 364 | $ 29270 | $ 1872 | $ 152
derivatives not designated as hedging instruments under gaap | 345059 | 3604 | 3570 | 337086 | 6696 | 6458
total gross derivatives | $ 381256 | $ 4793 | $ 3934 | $ 366356 | $ 8568 | $ 6610
( a ) included in other assets on our consolidated balance sheet . ( b ) included in other liabilities on our consolidated balance sheet . all derivatives are carried on our consolidated balance sheet at fair value . derivative balances are presented on the consolidated balance sheet on a net basis taking into consideration the effects of legally enforceable master netting agreements and any related cash collateral exchanged with counterparties . further discussion regarding the rights of setoff associated with these legally enforceable master netting agreements is included in the offsetting , counterparty credit risk , and contingent features section below . our exposure related to risk participations where we sold protection is discussed in the credit derivatives section below . any nonperformance risk , including credit risk , is included in the determination of the estimated net fair value of the derivatives . further discussion on how derivatives are accounted for is included in note 1 accounting policies . derivatives designated as hedging instruments under gaap certain derivatives used to manage interest rate risk as part of our asset and liability risk management activities are designated as accounting hedges under gaap . derivatives hedging the risks associated with changes in the fair value of assets or liabilities are considered fair value hedges , derivatives hedging the variability of expected future cash flows are considered cash flow hedges , and derivatives hedging a net investment in a foreign subsidiary are considered net investment hedges . designating derivatives as accounting hedges allows for gains and losses on those derivatives , to the extent effective , to be recognized in the income statement in the same period the hedged items affect earnings . the pnc financial services group , inc . 2013 form 10-k 189 .
Question:
at the end of 2014 , the notional value of derivatives designated as hedging instruments under gaap was what percent of the fair value?
Important information:
text_7: the following table presents the notional amounts and gross fair values of all derivative assets and liabilities held by pnc : table 127 : total gross derivatives .
table_1: in millions the derivatives designated as hedging instruments under gaap of december 31 2013 notional/contractamount is $ 36197 ; the derivatives designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is $ 1189 ; the derivatives designated as hedging instruments under gaap of december 31 2013 liabilityfairvalue ( b ) is $ 364 ; the derivatives designated as hedging instruments under gaap of december 31 2013 notional/contractamount is $ 29270 ; the derivatives designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is $ 1872 ; the derivatives designated as hedging instruments under gaap of liabilityfairvalue ( b ) is $ 152 ;
table_2: in millions the derivatives not designated as hedging instruments under gaap of december 31 2013 notional/contractamount is 345059 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is 3604 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 liabilityfairvalue ( b ) is 3570 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 notional/contractamount is 337086 ; the derivatives not designated as hedging instruments under gaap of december 31 2013 assetfairvalue ( a ) is 6696 ; the derivatives not designated as hedging instruments under gaap of liabilityfairvalue ( b ) is 6458 ;
Reasoning Steps:
Step: divide1-1(36197, 1189) = 3044%
Program:
divide(36197, 1189)
Program (Nested):
divide(36197, 1189)
| finqa7 |
what was the increase in class a common stock issued and outstanding between years , in thousands?
Important information:
table_2: ( in thousands ) the class a common stock issued and outstanding of december 31 , 2017 is 339235 ; the class a common stock issued and outstanding of december 31 , 2016 is 338240 ;
table_3: ( in thousands ) the class b-1 common stock authorized issued and outstanding of december 31 , 2017 is 0.6 ; the class b-1 common stock authorized issued and outstanding of december 31 , 2016 is 0.6 ;
table_4: ( in thousands ) the class b-2 common stock authorized issued and outstanding of december 31 , 2017 is 0.8 ; the class b-2 common stock authorized issued and outstanding of december 31 , 2016 is 0.8 ;
Reasoning Steps:
Step: minus2-1(339235, 338240) = 995
Program:
subtract(339235, 338240)
Program (Nested):
subtract(339235, 338240)
| 995.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
14 . capital stock shares outstanding . the following table presents information regarding capital stock: .
Table
( in thousands ) | december 31 , 2017 | december 31 , 2016
class a common stock authorized | 1000000 | 1000000
class a common stock issued and outstanding | 339235 | 338240
class b-1 common stock authorized issued and outstanding | 0.6 | 0.6
class b-2 common stock authorized issued and outstanding | 0.8 | 0.8
class b-3 common stock authorized issued and outstanding | 1.3 | 1.3
class b-4 common stock authorized issued and outstanding | 0.4 | 0.4
cme group has no shares of preferred stock issued and outstanding . associated trading rights . members of cme , cbot , nymex and comex own or lease trading rights which entitle them to access open outcry trading , discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents . each class of cme group class b common stock is associated with a membership in a specific division for trading at cme . a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group . the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below . trading rights at cbot are evidenced by class b memberships in cbot , at nymex by class a memberships in nymex and at comex by comex division memberships . members of cbot , nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits . core rights . holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares . these core rights relate primarily to trading right protections , certain trading fee protections and certain membership benefit protections . votes on changes to these core rights are weighted by class . each class of class b common stock has the following number of votes on matters relating to core rights : class b-1 , six votes per share ; class b-2 , two votes per share ; class b-3 , one vote per share ; and class b-4 , 1/6th of one vote per share . the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights . holders of shares of class a common stock do not have the right to vote on changes to core rights . voting rights . with the exception of the matters reserved to holders of cme group class b common stock , holders of cme group common stock vote together on all matters for which a vote of common shareholders is required . in these votes , each holder of shares of class a or class b common stock of cme group has one vote per share . transfer restrictions . each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group . these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights . election of directors . the cme group board of directors is currently comprised of 20 members . holders of class b-1 , class b-2 and class b-3 common stock have the right to elect six directors , of which three are elected by class b-1 shareholders , two are elected by class b-2 shareholders and one is elected by class b-3 shareholders . the remaining directors are elected by the class a and class b shareholders voting as a single class. .
Question:
what was the increase in class a common stock issued and outstanding between years , in thousands?
Important information:
table_2: ( in thousands ) the class a common stock issued and outstanding of december 31 , 2017 is 339235 ; the class a common stock issued and outstanding of december 31 , 2016 is 338240 ;
table_3: ( in thousands ) the class b-1 common stock authorized issued and outstanding of december 31 , 2017 is 0.6 ; the class b-1 common stock authorized issued and outstanding of december 31 , 2016 is 0.6 ;
table_4: ( in thousands ) the class b-2 common stock authorized issued and outstanding of december 31 , 2017 is 0.8 ; the class b-2 common stock authorized issued and outstanding of december 31 , 2016 is 0.8 ;
Reasoning Steps:
Step: minus2-1(339235, 338240) = 995
Program:
subtract(339235, 338240)
Program (Nested):
subtract(339235, 338240)
| finqa8 |
in millions what was total residential mortgages balance for 2013 and 2012?
Important information:
table_4: in millions the residential mortgages at fair value of december 312013 is 1315 ; the residential mortgages at fair value of december 312012 is 2096 ;
table_5: in millions the residential mortgages at lower of cost or fair value of december 312013 is 41 ; the residential mortgages at lower of cost or fair value of december 312012 is 124 ;
table_6: in millions the total residential mortgages of december 312013 is 1356 ; the total residential mortgages of december 312012 is 2220 ;
Reasoning Steps:
Step: add2-1(1356, 2220) = 3576
Program:
add(1356, 2220)
Program (Nested):
add(1356, 2220)
| 3576.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
conditions and changes to regulatory capital requirements under basel iii capital standards . beginning in 2014 , other comprehensive income related to available for sale securities ( as well as pension and other post-retirement plans ) are included in pnc 2019s regulatory capital ( subject to a phase-in schedule ) and , therefore will affect pnc 2019s regulatory capital ratios . for additional information , see the supervision and regulation section in item 1 2013 business and the capital portion of the balance sheet review section in this item 7 of this report . the duration of investment securities was 2.9 years at december 31 , 2013 . we estimate that , at december 31 , 2013 , the effective duration of investment securities was 3.0 years for an immediate 50 basis points parallel increase in interest rates and 2.8 years for an immediate 50 basis points parallel decrease in interest rates . comparable amounts at december 31 , 2012 were 2.3 years and 2.2 years , respectively . we conduct a quarterly comprehensive security-level impairment assessment on all securities . for securities in an unrealized loss position , we determine whether the loss represents otti . for debt securities that we neither intend to sell nor believe we will be required to sell prior to expected recovery , we recognize the credit portion of otti charges in current earnings and include the noncredit portion of otti in net unrealized gains ( losses ) on otti securities on our consolidated statement of comprehensive income and net of tax in accumulated other comprehensive income ( loss ) on our consolidated balance sheet . during 2013 and 2012 we recognized otti credit losses of $ 16 million and $ 111 million , respectively . substantially all of the credit losses related to residential mortgage-backed and asset-backed securities collateralized by non-agency residential loans . if current housing and economic conditions were to deteriorate from current levels , and if market volatility and illiquidity were to deteriorate from current levels , or if market interest rates were to increase or credit spreads were to widen appreciably , the valuation of our investment securities portfolio could be adversely affected and we could incur additional otti credit losses that would impact our consolidated income statement . additional information regarding our investment securities is included in note 8 investment securities and note 9 fair value in the notes to consolidated financial statements included in item 8 of this report . loans held for sale table 15 : loans held for sale in millions december 31 december 31 .
Table
in millions | december 312013 | december 312012
commercial mortgages at fair value | $ 586 | $ 772
commercial mortgages at lower of cost or fair value | 281 | 620
total commercial mortgages | 867 | 1392
residential mortgages at fair value | 1315 | 2096
residential mortgages at lower of cost or fair value | 41 | 124
total residential mortgages | 1356 | 2220
other | 32 | 81
total | $ 2255 | $ 3693
for commercial mortgages held for sale designated at fair value , we stopped originating these and continue to pursue opportunities to reduce these positions . at december 31 , 2013 , the balance relating to these loans was $ 586 million compared to $ 772 million at december 31 , 2012 . for commercial mortgages held for sale carried at lower of cost or fair value , we sold $ 2.8 billion in 2013 compared to $ 2.2 billion in 2012 . all of these loan sales were to government agencies . total gains of $ 79 million were recognized on the valuation and sale of commercial mortgage loans held for sale , net of hedges , in 2013 , and $ 41 million in 2012 . residential mortgage loan origination volume was $ 15.1 billion in 2013 compared to $ 15.2 billion in 2012 . substantially all such loans were originated under agency or federal housing administration ( fha ) standards . we sold $ 14.7 billion of loans and recognized related gains of $ 568 million in 2013 . the comparable amounts for 2012 were $ 13.8 billion and $ 747 million , respectively . interest income on loans held for sale was $ 157 million in 2013 and $ 168 million in 2012 . these amounts are included in other interest income on our consolidated income statement . additional information regarding our loan sale and servicing activities is included in note 3 loan sales and servicing activities and variable interest entities and note 9 fair value in our notes to consolidated financial statements included in item 8 of this report . goodwill and other intangible assets goodwill and other intangible assets totaled $ 11.3 billion at december 31 , 2013 and $ 10.9 billion at december 31 , 2012 . the increase of $ .4 billion was primarily due to additions to and changes in value of mortgage and other loan servicing rights . see additional information regarding our goodwill and intangible assets in note 10 goodwill and other intangible assets included in the notes to consolidated financial statements in item 8 of this report . 44 the pnc financial services group , inc . 2013 form 10-k .
Question:
in millions what was total residential mortgages balance for 2013 and 2012?
Important information:
table_4: in millions the residential mortgages at fair value of december 312013 is 1315 ; the residential mortgages at fair value of december 312012 is 2096 ;
table_5: in millions the residential mortgages at lower of cost or fair value of december 312013 is 41 ; the residential mortgages at lower of cost or fair value of december 312012 is 124 ;
table_6: in millions the total residential mortgages of december 312013 is 1356 ; the total residential mortgages of december 312012 is 2220 ;
Reasoning Steps:
Step: add2-1(1356, 2220) = 3576
Program:
add(1356, 2220)
Program (Nested):
add(1356, 2220)
| finqa9 |
what was the gross margin decline in fiscal 2004 from 2003?
Important information:
table_3: the gross margin of 2004 is $ 2259 ; the gross margin of 2003 is $ 1708 ; the gross margin of 2002 is $ 1603 ;
table_4: the gross margin percentage of 2004 is 27.3% ( 27.3 % ) ; the gross margin percentage of 2003 is 27.5% ( 27.5 % ) ; the gross margin percentage of 2002 is 27.9% ( 27.9 % ) ;
text_12: gross margin declined in fiscal 2004 to 27.3% ( 27.3 % ) of net sales from 27.5% ( 27.5 % ) of net sales in 2003 .
Reasoning Steps:
Step: minus2-1(27.5, 27.3) = .2
Program:
subtract(27.5, 27.3)
Program (Nested):
subtract(27.5, 27.3)
| 0.2 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
net sales of the retail segment grew to $ 1.185 billion during 2004 from $ 621 million and $ 283 million , in 2003 and 2002 , respectively . the increases in net sales during both 2004 and 2003 reflect the impact of new store openings for each fiscal year , including the opening of 21 new stores in 2004 and 25 new stores in 2003 . an increase in average revenue per store also contributed to the segment 2019s strong sales in fiscal 2004 . with an average of 76 stores open during 2004 , the retail segment achieved annualized revenue per store of approximately $ 15.6 million , as compared to $ 11.5 million in 2003 with a 54 store average and $ 10.2 million in 2002 with a 28 store average . as measured by the company 2019s operating segment reporting , the retail segment reported profit of $ 39 million during fiscal 2004 as compared to losses of $ 5 million and $ 22 million during 2003 and 2002 , respectively . this improvement is primarily attributable to the segment 2019s year-over-year increase in average quarterly revenue per store , the impact of opening new stores , and the segment 2019s year-over-year increase in net sales , which resulted in higher leverage on occupancy , depreciation and other fixed costs . expansion of the retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure , operating lease commitments , personnel , and other operating expenses . capital expenditures associated with the retail segment were $ 104 million in fiscal 2004 , bringing the total capital expenditures since inception of the retail segment to approximately $ 394 million . as of september 25 , 2004 , the retail segment had approximately 2100 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $ 436 million . the company would incur substantial costs should it choose to terminate its retail segment or close individual stores . such costs could adversely affect the company 2019s results of operations and financial condition . gross margin gross margin for the three fiscal years ended september 25 , 2004 are as follows ( in millions , except gross margin percentages ) : .
Table
| 2004 | 2003 | 2002
net sales | $ 8279 | $ 6207 | $ 5742
cost of sales | 6020 | 4499 | 4139
gross margin | $ 2259 | $ 1708 | $ 1603
gross margin percentage | 27.3% ( 27.3 % ) | 27.5% ( 27.5 % ) | 27.9% ( 27.9 % )
gross margin declined in fiscal 2004 to 27.3% ( 27.3 % ) of net sales from 27.5% ( 27.5 % ) of net sales in 2003 . the company 2019s gross margin during fiscal 2004 declined due to an increase in mix towards lower margin ipod and ibook sales , pricing actions on certain power macintosh g5 models that were transitioned during the beginning of 2004 , higher warranty costs on certain portable macintosh products , and higher freight and duty costs during fiscal 2004 . these unfavorable factors were partially offset by an increase in direct sales and a 39% ( 39 % ) year-over-year increase in higher margin software sales . the company anticipates that its gross margin and the gross margin of the overall personal computer and consumer electronics industries will remain under pressure throughout fiscal 2005 in light of price competition , especially for the ipod product line . the company also expects to continue to incur air freight charges , which negatively impact gross margins on the imac and other products during the first quarter of 2005 and possibly beyond . the foregoing statements regarding the company 2019s expected gross margin during 2005 , general demand for personal computers , anticipated air freight charges , and future economic conditions are forward- looking . there can be no assurance that current gross margins will be maintained or targeted gross margin levels will be achieved . in general , gross margins and margins on individual products , including ipods , will remain under significant downward pressure due to a variety of factors , including continued industry wide .
Question:
what was the gross margin decline in fiscal 2004 from 2003?
Important information:
table_3: the gross margin of 2004 is $ 2259 ; the gross margin of 2003 is $ 1708 ; the gross margin of 2002 is $ 1603 ;
table_4: the gross margin percentage of 2004 is 27.3% ( 27.3 % ) ; the gross margin percentage of 2003 is 27.5% ( 27.5 % ) ; the gross margin percentage of 2002 is 27.9% ( 27.9 % ) ;
text_12: gross margin declined in fiscal 2004 to 27.3% ( 27.3 % ) of net sales from 27.5% ( 27.5 % ) of net sales in 2003 .
Reasoning Steps:
Step: minus2-1(27.5, 27.3) = .2
Program:
subtract(27.5, 27.3)
Program (Nested):
subtract(27.5, 27.3)
| finqa10 |
what percentage of total purchase commitments are due after 2014?
Important information:
table_5: the 2014 of ( in thousands ) is 1486 ;
table_6: the thereafter of ( in thousands ) is 25048 ;
table_7: the total of ( in thousands ) is $ 44572 ;
Reasoning Steps:
Step: divide1-1(25048, 44572) = 56%
Program:
divide(25048, 44572)
Program (Nested):
divide(25048, 44572)
| 0.56197 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
purchase commitments the company has entered into various purchase agreements for minimum amounts of pulpwood processing and energy over periods ranging from one to twenty years at fixed prices . total purchase commitments are as follows: .
Table
| ( in thousands )
2010 | $ 6951
2011 | 5942
2012 | 3659
2013 | 1486
2014 | 1486
thereafter | 25048
total | $ 44572
these purchase agreements are not marked to market . the company purchased $ 37.3 million , $ 29.4 million , and $ 14.5 million during the years ended december 31 , 2009 , 2008 and 2007 , respectively , under these purchase agreements . litigation pca is a party to various legal actions arising in the ordinary course of business . these legal actions cover a broad variety of claims spanning our entire business . as of the date of this filing , the company believes it is not reasonably possible that the resolution of these legal actions will , individually or in the aggregate , have a material adverse effect on its financial position , results of operations , or cash flows . environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs , the complexity and evolving nature of governmental laws and regulations and their interpretations , and the timing , varying costs and effectiveness of alternative cleanup technologies . from 1994 through 2009 , remediation costs at the company 2019s mills and corrugated plants totaled approximately $ 3.2 million . as of december 31 , 2009 , the company maintained an environmental reserve of $ 9.1 million relating to on-site landfills ( see note 13 ) and surface impoundments as well as ongoing and anticipated remedial projects . liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions . because of these uncertainties , pca 2019s estimates may change . as of the date of this filing , the company believes that it is not reasonably possible that future environmental expenditures and asset retirement obligations above the $ 9.1 million accrued as of december 31 , 2009 , will have a material impact on its financial condition , results of operations , or cash flows . in connection with the sale to pca of its containerboard and corrugated products business , pactiv agreed to retain all liability for all former facilities and all sites associated with pre-closing off-site waste disposal and all environmental liabilities related to a closed landfill located near the company 2019s filer city mill . 13 . asset retirement obligations asset retirement obligations consist primarily of landfill capping and closure and post-closure costs . pca is legally required to perform capping and closure and post-closure care on the landfills at each of the company 2019s mills . in accordance with asc 410 , 201c asset retirement and environmental obligations , 201d pca recognizes the fair value of these liabilities as an asset retirement obligation for each landfill and capitalizes packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2009 .
Question:
what percentage of total purchase commitments are due after 2014?
Important information:
table_5: the 2014 of ( in thousands ) is 1486 ;
table_6: the thereafter of ( in thousands ) is 25048 ;
table_7: the total of ( in thousands ) is $ 44572 ;
Reasoning Steps:
Step: divide1-1(25048, 44572) = 56%
Program:
divide(25048, 44572)
Program (Nested):
divide(25048, 44572)
| finqa11 |
what was the change in the weighted average common shares outstanding for diluted computations from 2012 to 2013 , in millions?
Important information:
text_21: note 3 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: minus2-1(326.5, 328.4) = -1.9
Program:
subtract(326.5, 328.4)
Program (Nested):
subtract(326.5, 328.4)
| -1.9 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
note 2 2013 restructuring charges 2013 actions during 2013 , we recorded charges related to certain severance actions totaling $ 201 million , net of state tax benefits , of which $ 83 million , $ 37 million , and $ 81 million related to our information systems & global solutions ( is&gs ) , mission systems and training ( mst ) , and space systems business segments . these charges reduced our net earnings by $ 130 million ( $ .40 per share ) and primarily related to a plan we committed to in november 2013 to close and consolidate certain facilities and reduce our total workforce by approximately 4000 positions within our is&gs , mst , and space systems business segments . these charges also include $ 30 million related to certain severance actions at our is&gs business segment that occurred in the first quarter of 2013 , which were subsequently paid in 2013 . the november 2013 plan resulted from a strategic review of these businesses 2019 facility capacity and future workload projections and is intended to better align our organization and cost structure and improve the affordability of our products and services given the continued decline in u.s . government spending as well as the rapidly changing competitive and economic landscape . upon separation , terminated employees will receive lump-sum severance payments primarily based on years of service . during 2013 , we paid approximately $ 15 million in severance payments associated with these actions , with the remainder expected to be paid through the middle of 2015 . in addition to the severance charges described above , we expect to incur accelerated and incremental costs ( e.g. , accelerated depreciation expense related to long-lived assets at the sites to be closed , relocation of equipment and other employee related costs ) of approximately $ 15 million , $ 50 million , and $ 135 million at our is&gs , mst , and space systems business segments related to the facility closures and consolidations . the accelerated and incremental costs will be expensed as incurred in the respective business segment 2019s results of operations through their completion in 2015 . we expect to recover a substantial amount of the restructuring charges through the pricing of our products and services to the u.s . government and other customers in future periods , with the impact included in the respective business segment 2019s results of operations . 2012 and 2011 actions during 2012 , we recorded charges related to certain severance actions totaling $ 48 million , net of state tax benefits , of which $ 25 million related to our aeronautics business segment and $ 23 million related to the reorganization of our former electronic systems business segment . these charges reduced our net earnings by $ 31 million ( $ .09 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from cost reduction initiatives to better align our organization with changing economic conditions . upon separation , terminated employees received lump-sum severance payments primarily based on years of service , all of which were paid in 2013 . during 2011 , we recorded charges related to certain severance actions totaling $ 136 million , net of state tax benefits , of which $ 49 million , $ 48 million , and $ 39 million related to our aeronautics , space systems , and our is&gs business segments and corporate headquarters . these charges reduced our net earnings by $ 88 million ( $ .26 per share ) and consisted of severance costs associated with the elimination of certain positions through either voluntary or involuntary actions . these severance actions resulted from a strategic review of these businesses and our corporate headquarters and are intended to better align our organization and cost structure with changing economic conditions . the workforce reductions at the business segments also reflected changes in program lifecycles , where several of our major programs were either transitioning out of development and into production or were ending . upon separation , terminated employees received lump-sum severance payments based on years of service . during 2011 , we made approximately half of the severance payments associated with these 2011 severance actions , and paid the remaining amounts in 2012 . note 3 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
Table
| 2013 | 2012 | 2011
weighted average common shares outstanding for basic computations | 320.9 | 323.7 | 335.9
weighted average dilutive effect of equity awards | 5.6 | 4.7 | 4.0
weighted average common shares outstanding for diluted computations | 326.5 | 328.4 | 339.9
.
Question:
what was the change in the weighted average common shares outstanding for diluted computations from 2012 to 2013 , in millions?
Important information:
text_21: note 3 2013 earnings per share the weighted average number of shares outstanding used to compute earnings per common share were as follows ( in millions ) : .
table_1: the weighted average common shares outstanding for basic computations of 2013 is 320.9 ; the weighted average common shares outstanding for basic computations of 2012 is 323.7 ; the weighted average common shares outstanding for basic computations of 2011 is 335.9 ;
table_3: the weighted average common shares outstanding for diluted computations of 2013 is 326.5 ; the weighted average common shares outstanding for diluted computations of 2012 is 328.4 ; the weighted average common shares outstanding for diluted computations of 2011 is 339.9 ;
Reasoning Steps:
Step: minus2-1(326.5, 328.4) = -1.9
Program:
subtract(326.5, 328.4)
Program (Nested):
subtract(326.5, 328.4)
| finqa12 |
in 2011 what was the amount of tax related to the unrealized losses reclassifications totaled $ 303 million , or $ 189 million after-tax,
Important information:
table_4: ( in millions ) the net unrealized loss after-tax of 2011 is $ -113 ( 113 ) ; the net unrealized loss after-tax of 2010 is $ -270 ( 270 ) ;
text_2: these unrealized losses related to reclassifications totaled $ 303 million , or $ 189 million after-tax , and $ 523 million , or $ 317 million after-tax , as of december 31 , 2011 and 2010 , respectively , and were recorded in accumulated other comprehensive income , or oci .
text_4: the decline in these remaining after-tax unrealized losses related to reclassifications from december 31 , 2010 to december 31 , 2011 resulted primarily from amortization .
Reasoning Steps:
Step: minus1-1(303, 189) = 114
Program:
subtract(303, 189)
Program (Nested):
subtract(303, 189)
| 114.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
impairment the following table presents net unrealized losses on securities available for sale as of december 31: .
Table
( in millions ) | 2011 | 2010
fair value | $ 99832 | $ 81881
amortized cost | 100013 | 82329
net unrealized loss pre-tax | $ -181 ( 181 ) | $ -448 ( 448 )
net unrealized loss after-tax | $ -113 ( 113 ) | $ -270 ( 270 )
the net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity . these unrealized losses related to reclassifications totaled $ 303 million , or $ 189 million after-tax , and $ 523 million , or $ 317 million after-tax , as of december 31 , 2011 and 2010 , respectively , and were recorded in accumulated other comprehensive income , or oci . refer to note 12 to the consolidated financial statements included under item 8 . the decline in these remaining after-tax unrealized losses related to reclassifications from december 31 , 2010 to december 31 , 2011 resulted primarily from amortization . we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists . to the extent that other-than-temporary impairment is identified , the impairment is broken into a credit component and a non-credit component . the credit component is recorded in our consolidated statement of income , and the non-credit component is recorded in oci to the extent that we do not intend to sell the security . our assessment of other-than-temporary impairment involves an evaluation , more fully described in note 3 , of economic and security-specific factors . such factors are based on estimates , derived by management , which contemplate current market conditions and security-specific performance . to the extent that market conditions are worse than management 2019s expectations , other-than-temporary impairment could increase , in particular , the credit component that would be recorded in our consolidated statement of income . given the exposure of our investment securities portfolio , particularly mortgage- and asset-backed securities , to residential mortgage and other consumer credit risks , the performance of the u.s . housing market is a significant driver of the portfolio 2019s credit performance . as such , our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices . generally , indices that measure trends in national housing prices are published in arrears . as of september 30 , 2011 , national housing prices , according to the case-shiller national home price index , had declined by approximately 31.3% ( 31.3 % ) peak-to-current . overall , management 2019s expectation , for purposes of its evaluation of other-than-temporary impairment as of december 31 , 2011 , was that housing prices would decline by approximately 35% ( 35 % ) peak-to-trough . the performance of certain mortgage products and vintages of securities continues to deteriorate . in addition , management continues to believe that housing prices will decline further as indicated above . the combination of these factors has led to an increase in management 2019s overall loss expectations . our investment portfolio continues to be sensitive to management 2019s estimates of future cumulative losses . ultimately , other-than- temporary impairment is based on specific cusip-level detailed analysis of the unique characteristics of each security . in addition , we perform sensitivity analysis across each significant product type within the non-agency u.s . residential mortgage-backed portfolio . we estimate , for example , that other-than-temporary impairment of the investment portfolio could increase by approximately $ 10 million to $ 50 million , if national housing prices were to decline by 37% ( 37 % ) to 39% ( 39 % ) peak-to-trough , compared to management 2019s expectation of 35% ( 35 % ) described above . this sensitivity estimate is based on a number of factors , including , but not limited to , the level of housing prices and the timing of defaults . to the extent that such factors differ substantially from management 2019s current expectations , resulting loss estimates may differ materially from those stated . excluding the securities for which other-than-temporary impairment was recorded in 2011 , management considers the aggregate decline in fair value of the remaining .
Question:
in 2011 what was the amount of tax related to the unrealized losses reclassifications totaled $ 303 million , or $ 189 million after-tax,
Important information:
table_4: ( in millions ) the net unrealized loss after-tax of 2011 is $ -113 ( 113 ) ; the net unrealized loss after-tax of 2010 is $ -270 ( 270 ) ;
text_2: these unrealized losses related to reclassifications totaled $ 303 million , or $ 189 million after-tax , and $ 523 million , or $ 317 million after-tax , as of december 31 , 2011 and 2010 , respectively , and were recorded in accumulated other comprehensive income , or oci .
text_4: the decline in these remaining after-tax unrealized losses related to reclassifications from december 31 , 2010 to december 31 , 2011 resulted primarily from amortization .
Reasoning Steps:
Step: minus1-1(303, 189) = 114
Program:
subtract(303, 189)
Program (Nested):
subtract(303, 189)
| finqa13 |
if current development costs increased in 2008 as much as in 2007 , what would the 2008 total be , in millions?
Important information:
table_4: ( in millions ) the development costs incurred during the period of 2007 is 1654 ; the development costs incurred during the period of 2006 is 1251 ; the development costs incurred during the period of 2005 is 1030 ;
table_12: ( in millions ) the beginning of year of 2007 is 8518 ; the beginning of year of 2006 is 10601 ; the beginning of year of 2005 is 6415 ;
table_13: ( in millions ) the end of year of 2007 is $ 13495 ; the end of year of 2006 is $ 8518 ; the end of year of 2005 is $ 10601 ;
Reasoning Steps:
Step: minus2-1(1654, 1251) = 403
Step: add2-2(#0, 1654) = 2057
Program:
subtract(1654, 1251), add(#0, 1654)
Program (Nested):
add(subtract(1654, 1251), 1654)
| 2057.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
supplementary information on oil and gas producing activities ( unaudited ) c o n t i n u e d summary of changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves ( in millions ) 2007 2006 2005 sales and transfers of oil and gas produced , net of production , transportation and administrative costs $ ( 4887 ) $ ( 5312 ) $ ( 3754 ) net changes in prices and production , transportation and administrative costs related to future production 12845 ( 1342 ) 6648 .
Table
( in millions ) | 2007 | 2006 | 2005
sales and transfers of oil and gas produced net of production transportation and administrative costs | $ -4887 ( 4887 ) | $ -5312 ( 5312 ) | $ -3754 ( 3754 )
net changes in prices and production transportation and administrative costs related to future production | 12845 | -1342 ( 1342 ) | 6648
extensions discoveries and improved recovery less related costs | 1816 | 1290 | 700
development costs incurred during the period | 1654 | 1251 | 1030
changes in estimated future development costs | -1727 ( 1727 ) | -527 ( 527 ) | -552 ( 552 )
revisions of previous quantity estimates | 290 | 1319 | 820
net changes in purchases and sales of minerals in place | 23 | 30 | 4557
accretion of discount | 1726 | 1882 | 1124
net change in income taxes | -6751 ( 6751 ) | -660 ( 660 ) | -6694 ( 6694 )
timing and other | -12 ( 12 ) | -14 ( 14 ) | 307
net change for the year | 4977 | -2083 ( 2083 ) | 4186
beginning of year | 8518 | 10601 | 6415
end of year | $ 13495 | $ 8518 | $ 10601
net change for the year from discontinued operations | $ 2013 | $ -216 ( 216 ) | $ 162
.
Question:
if current development costs increased in 2008 as much as in 2007 , what would the 2008 total be , in millions?
Important information:
table_4: ( in millions ) the development costs incurred during the period of 2007 is 1654 ; the development costs incurred during the period of 2006 is 1251 ; the development costs incurred during the period of 2005 is 1030 ;
table_12: ( in millions ) the beginning of year of 2007 is 8518 ; the beginning of year of 2006 is 10601 ; the beginning of year of 2005 is 6415 ;
table_13: ( in millions ) the end of year of 2007 is $ 13495 ; the end of year of 2006 is $ 8518 ; the end of year of 2005 is $ 10601 ;
Reasoning Steps:
Step: minus2-1(1654, 1251) = 403
Step: add2-2(#0, 1654) = 2057
Program:
subtract(1654, 1251), add(#0, 1654)
Program (Nested):
add(subtract(1654, 1251), 1654)
| finqa14 |
what percentage of total aggregate contractual obligations is due to purchase obligationst?
Important information:
text_27: aggregate contractual obligations a summary of our contractual obligations as of december 31 , 2004 , is as follows: .
table_4: ( dollars in millions ) contractual obligation the purchase obligations of ( dollars in millions ) total is 177.3 ; the purchase obligations of ( dollars in millions ) less than 1 year is 176.6 ; the purchase obligations of ( dollars in millions ) 1 - 3 years is 0.7 ; the purchase obligations of ( dollars in millions ) 3 - 5 years is 2014 ; the purchase obligations of more than 5 years is 2014 ;
table_5: ( dollars in millions ) contractual obligation the total of ( dollars in millions ) total is $ 521.3 ; the total of ( dollars in millions ) less than 1 year is $ 199.6 ; the total of ( dollars in millions ) 1 - 3 years is $ 35.2 ; the total of ( dollars in millions ) 3 - 5 years is $ 155.8 ; the total of more than 5 years is $ 130.7 ;
Reasoning Steps:
Step: divide2-1(177.3, 521.3) = 34%
Program:
divide(177.3, 521.3)
Program (Nested):
divide(177.3, 521.3)
| 0.34011 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents item 7 2013 management 2019s discussion and analysis of financial condition and results of operations liquidity and capital resources we recorded net earnings of $ 35.4 million or $ 1.18 per share in 2004 , compared with $ 52.2 million or $ 1.76 per share recorded in 2003 and $ 51.3 million or $ 1.86 per share in 2002 . net earnings recorded in 2004 were negatively impacted by cost increases to steel and freight , as well as manufacturing inefficiencies during the first nine months of the year in our ashland city plant and higher selling , general and administrative expense ( sg&a ) . while net earnings were flat in 2003 compared with 2002 , the lower earnings per share amount in 2003 as compared with 2002 reflected the full-year impact of our stock offering in may 2002 . our individual segment performance will be discussed later in this section . our working capital , excluding short-term debt , was $ 339.8 million at december 31 , 2004 , compared with $ 305.9 million and $ 225.1 million at december 31 , 2003 , and december 31 , 2002 , respectively . the $ 33.9 million increase in 2004 reflects $ 44.9 million higher receivable balances due to longer payment terms experienced by both of our businesses as well as higher sales levels in the fourth quarter . offsetting the increase in receivable balances were $ 13.5 million lower inventory levels split about equally between water systems and electrical products and $ 14.3 million higher accounts payable balances . the $ 80.8 million increase in 2003 reflects $ 46.6 million higher inventory balances due primarily to extensive manufacturing repositioning in our electric motor business and several new product introductions and manufacturing consolidation in our water systems business . additionally , receivable balances were $ 21.2 million higher due to price increases associated with new product introductions in our water systems business and an increase in international sales , which tend to have longer payment terms . finally , a $ 13.1 million increase in accounts payable balances was largely offset by $ 9.4 million in restructuring expenses paid out in 2003 . reducing working capital is one of our major initiatives in 2005 . cash provided by operating activities during 2004 was $ 67.2 million compared with $ 29.0 million during 2003 and $ 116.0 million during 2002 . despite lower earnings in 2004 , a smaller investment in working capital explains the majority of the improvement in cash flow compared with 2003 . the higher investment in working capital in 2003 ( as discussed above ) , explains the majority of the difference between 2003 and our capital expenditures were $ 48.5 million in 2004 , essentially the same as in 2003 and approximately $ 2.2 million higher than in 2002 . the increase in 2003 was associated with new product launches in our water systems business . we are projecting 2005 capital expenditures to be approximately $ 55 million , essentially the same as our projected 2005 depreciation expense . we believe that our present facilities and planned capital expenditures are sufficient to provide adequate capacity for our operations in 2005 . in june 2004 , we completed a $ 265 million , five-year revolving credit facility with a group of eight banks . the new facility expires on june 10 , 2009 , and it replaced a $ 250 million credit facility which expired on august 2 , 2004 , and was terminated on june 10 , 2004 . the new facility backs up commercial paper and credit line borrowings . as a result of the long-term nature of this facility , the commercial paper and credit line borrowings are now classified as long-term debt . at december 31 , 2004 , we had available borrowing capacity of $ 153.9 million under this facility . we believe that the combination of available borrowing capacity and operating cash flow will provide sufficient funds to finance our existing operations for the foreseeable future . to take advantage of historically low long-term borrowing rates , we issued $ 50.0 million in senior notes with two insurance companies in june 2003 . the notes range in maturity between 2013 and 2016 and carry a weighted average interest rate of slightly less than 4.5 percent . the proceeds of the notes were used to repay commercial paper and borrowing under the credit facility . our leverage , as measured by the ratio of total debt to total capitalization , was 32 percent at the end of 2004 and the end of 2003 . aggregate contractual obligations a summary of our contractual obligations as of december 31 , 2004 , is as follows: .
Table
( dollars in millions ) contractual obligation | ( dollars in millions ) total | ( dollars in millions ) less than 1 year | ( dollars in millions ) 1 - 3 years | ( dollars in millions ) 3 - 5 years | more than 5 years
long-term debt | $ 275.1 | $ 8.6 | $ 13.8 | $ 138.2 | $ 114.5
capital leases | 6.0 | 2014 | 2014 | 6.0 | 2014
operating leases | 62.9 | 14.4 | 20.7 | 11.6 | 16.2
purchase obligations | 177.3 | 176.6 | 0.7 | 2014 | 2014
total | $ 521.3 | $ 199.6 | $ 35.2 | $ 155.8 | $ 130.7
.
Question:
what percentage of total aggregate contractual obligations is due to purchase obligationst?
Important information:
text_27: aggregate contractual obligations a summary of our contractual obligations as of december 31 , 2004 , is as follows: .
table_4: ( dollars in millions ) contractual obligation the purchase obligations of ( dollars in millions ) total is 177.3 ; the purchase obligations of ( dollars in millions ) less than 1 year is 176.6 ; the purchase obligations of ( dollars in millions ) 1 - 3 years is 0.7 ; the purchase obligations of ( dollars in millions ) 3 - 5 years is 2014 ; the purchase obligations of more than 5 years is 2014 ;
table_5: ( dollars in millions ) contractual obligation the total of ( dollars in millions ) total is $ 521.3 ; the total of ( dollars in millions ) less than 1 year is $ 199.6 ; the total of ( dollars in millions ) 1 - 3 years is $ 35.2 ; the total of ( dollars in millions ) 3 - 5 years is $ 155.8 ; the total of more than 5 years is $ 130.7 ;
Reasoning Steps:
Step: divide2-1(177.3, 521.3) = 34%
Program:
divide(177.3, 521.3)
Program (Nested):
divide(177.3, 521.3)
| finqa15 |
in 2010 what was the percentage change of the carrying amount of loan receivable net of the allowance
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: minus2-1(920, 95) = 825
Step: minus2-2(469, 77) = 392
Step: minus2-3(#1, #0) = -433
Step: divide2-4(#2, #0) = -52.5%
Program:
subtract(920, 95), subtract(469, 77), subtract(#1, #0), divide(#2, #0)
Program (Nested):
divide(subtract(subtract(469, 77), subtract(920, 95)), subtract(920, 95))
| -0.52485 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
included in the corporate and consumer loan tables above are purchased distressed loans , which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup . in accordance with sop 03-3 , the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield . accordingly , these loans have been excluded from the impaired loan information presented above . in addition , per sop 03-3 , subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield . however , increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield . where the expected cash flows cannot be reliably estimated , the purchased distressed loan is accounted for under the cost recovery method . the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 . the changes in the accretable yield , related allowance and carrying amount net of accretable yield for 2010 are as follows : in millions of dollars accretable carrying amount of loan receivable allowance .
Table
in millions of dollars | accretable yield | carrying amount of loan receivable | allowance
beginning balance | $ 27 | $ 920 | $ 95
purchases ( 1 ) | 1 | 130 | 2014
disposals/payments received | -11 ( 11 ) | -594 ( 594 ) | 2014
accretion | -44 ( 44 ) | 44 | 2014
builds ( reductions ) to the allowance | 128 | 2014 | -18 ( 18 )
increase to expected cash flows | -2 ( 2 ) | 19 | 2014
fx/other | 17 | -50 ( 50 ) | 2014
balance at december 31 2010 ( 2 ) | $ 116 | $ 469 | $ 77
( 1 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 130 million of purchased loans accounted for under the level-yield method and $ 0 under the cost-recovery method . these balances represent the fair value of these loans at their acquisition date . the related total expected cash flows for the level-yield loans were $ 131 million at their acquisition dates . ( 2 ) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $ 315 million of loans accounted for under the level-yield method and $ 154 million accounted for under the cost-recovery method. .
Question:
in 2010 what was the percentage change of the carrying amount of loan receivable net of the allowance
Important information:
text_6: the carrying amount of the company 2019s purchased distressed loan portfolio at december 31 , 2010 was $ 392 million , net of an allowance of $ 77 million as of december 31 , 2010 .
table_1: in millions of dollars the beginning balance of accretable yield is $ 27 ; the beginning balance of carrying amount of loan receivable is $ 920 ; the beginning balance of allowance is $ 95 ;
table_8: in millions of dollars the balance at december 31 2010 ( 2 ) of accretable yield is $ 116 ; the balance at december 31 2010 ( 2 ) of carrying amount of loan receivable is $ 469 ; the balance at december 31 2010 ( 2 ) of allowance is $ 77 ;
Reasoning Steps:
Step: minus2-1(920, 95) = 825
Step: minus2-2(469, 77) = 392
Step: minus2-3(#1, #0) = -433
Step: divide2-4(#2, #0) = -52.5%
Program:
subtract(920, 95), subtract(469, 77), subtract(#1, #0), divide(#2, #0)
Program (Nested):
divide(subtract(subtract(469, 77), subtract(920, 95)), subtract(920, 95))
| finqa16 |
what was the percent of the total long-term debt obligations that was due after 2011
Important information:
text_6: payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
table_1: ( in millions ) the long-term debt obligations of payments due by period ( 1 ) total is $ 4134 ; the long-term debt obligations of payments due by period ( 1 ) 2007 is $ 1340 ; the long-term debt obligations of payments due by period ( 1 ) 2008 is $ 198 ; the long-term debt obligations of payments due by period ( 1 ) 2009 is $ 4 ; the long-term debt obligations of payments due by period ( 1 ) 2010 is $ 534 ; the long-term debt obligations of payments due by period ( 1 ) 2011 is $ 607 ; the long-term debt obligations of payments due by period ( 1 ) thereafter is $ 1451 ;
table_4: ( in millions ) the total contractual obligations of payments due by period ( 1 ) total is $ 7497 ; the total contractual obligations of payments due by period ( 1 ) 2007 is $ 2017 ; the total contractual obligations of payments due by period ( 1 ) 2008 is $ 599 ; the total contractual obligations of payments due by period ( 1 ) 2009 is $ 239 ; the total contractual obligations of payments due by period ( 1 ) 2010 is $ 724 ; the total contractual obligations of payments due by period ( 1 ) 2011 is $ 777 ; the total contractual obligations of payments due by period ( 1 ) thereafter is $ 3141 ;
Reasoning Steps:
Step: divide1-1(1451, 4134) = 35.1%
Program:
divide(1451, 4134)
Program (Nested):
divide(1451, 4134)
| 0.35099 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
53management's discussion and analysis of financial condition and results of operations in order to borrow funds under the 5-year credit facility , the company must be in compliance with various conditions , covenants and representations contained in the agreements . the company was in compliance with the terms of the 5-year credit facility at december 31 , 2006 . the company has never borrowed under its domestic revolving credit facilities . utilization of the non-u.s . credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested . contractual obligations , guarantees , and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations ( assuming earliest possible exercise of put rights by holders ) , lease payment obligations , and purchase obligations as of december 31 , 2006 . payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
Table
( in millions ) | payments due by period ( 1 ) total | payments due by period ( 1 ) 2007 | payments due by period ( 1 ) 2008 | payments due by period ( 1 ) 2009 | payments due by period ( 1 ) 2010 | payments due by period ( 1 ) 2011 | payments due by period ( 1 ) thereafter
long-term debt obligations | $ 4134 | $ 1340 | $ 198 | $ 4 | $ 534 | $ 607 | $ 1451
lease obligations | 2328 | 351 | 281 | 209 | 178 | 158 | 1151
purchase obligations | 1035 | 326 | 120 | 26 | 12 | 12 | 539
total contractual obligations | $ 7497 | $ 2017 | $ 599 | $ 239 | $ 724 | $ 777 | $ 3141
( 1 ) amounts included represent firm , non-cancelable commitments . debt obligations : at december 31 , 2006 , the company's long-term debt obligations , including current maturities and unamortized discount and issue costs , totaled $ 4.1 billion , as compared to $ 4.0 billion at december 31 , 2005 . a table of all outstanding long-term debt securities can be found in note 4 , ""debt and credit facilities'' to the company's consolidated financial statements . lease obligations : the company owns most of its major facilities , but does lease certain office , factory and warehouse space , land , and information technology and other equipment under principally non-cancelable operating leases . at december 31 , 2006 , future minimum lease obligations , net of minimum sublease rentals , totaled $ 2.3 billion . rental expense , net of sublease income , was $ 241 million in 2006 , $ 250 million in 2005 and $ 205 million in 2004 . purchase obligations : the company has entered into agreements for the purchase of inventory , license of software , promotional agreements , and research and development agreements which are firm commitments and are not cancelable . the longest of these agreements extends through 2015 . total payments expected to be made under these agreements total $ 1.0 billion . commitments under other long-term agreements : the company has entered into certain long-term agreements to purchase software , components , supplies and materials from suppliers . most of the agreements extend for periods of one to three years ( three to five years for software ) . however , generally these agreements do not obligate the company to make any purchases , and many permit the company to terminate the agreement with advance notice ( usually ranging from 60 to 180 days ) . if the company were to terminate these agreements , it generally would be liable for certain termination charges , typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders . the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' the company also enters into a number of arrangements for the sourcing of supplies and materials with minimum purchase commitments and take-or-pay obligations . the majority of the minimum purchase obligations under these contracts are over the life of the contract as opposed to a year-by-year take-or-pay . if these agreements were terminated at december 31 , 2006 , the company's obligation would not have been significant . the company does not anticipate the cancellation of any of these agreements in the future . subsequent to the end of 2006 , the company entered into take-or-pay arrangements with suppliers through may 2009 with minimum purchase obligations of $ 2.2 billion during that period . the company estimates purchases during that period that exceed the minimum obligations . the company outsources certain corporate functions , such as benefit administration and information technology-related services . these contracts are expected to expire in 2013 . the total remaining payments under these contracts are approximately $ 1.3 billion over the remaining seven years ; however , these contracts can be %%transmsg*** transmitting job : c11830 pcn : 055000000 *** %%pcmsg| |00030|yes|no|02/28/2007 13:05|0|1|page is valid , no graphics -- color : n| .
Question:
what was the percent of the total long-term debt obligations that was due after 2011
Important information:
text_6: payments due by period ( 1 ) ( in millions ) total 2007 2008 2009 2010 2011 thereafter .
table_1: ( in millions ) the long-term debt obligations of payments due by period ( 1 ) total is $ 4134 ; the long-term debt obligations of payments due by period ( 1 ) 2007 is $ 1340 ; the long-term debt obligations of payments due by period ( 1 ) 2008 is $ 198 ; the long-term debt obligations of payments due by period ( 1 ) 2009 is $ 4 ; the long-term debt obligations of payments due by period ( 1 ) 2010 is $ 534 ; the long-term debt obligations of payments due by period ( 1 ) 2011 is $ 607 ; the long-term debt obligations of payments due by period ( 1 ) thereafter is $ 1451 ;
table_4: ( in millions ) the total contractual obligations of payments due by period ( 1 ) total is $ 7497 ; the total contractual obligations of payments due by period ( 1 ) 2007 is $ 2017 ; the total contractual obligations of payments due by period ( 1 ) 2008 is $ 599 ; the total contractual obligations of payments due by period ( 1 ) 2009 is $ 239 ; the total contractual obligations of payments due by period ( 1 ) 2010 is $ 724 ; the total contractual obligations of payments due by period ( 1 ) 2011 is $ 777 ; the total contractual obligations of payments due by period ( 1 ) thereafter is $ 3141 ;
Reasoning Steps:
Step: divide1-1(1451, 4134) = 35.1%
Program:
divide(1451, 4134)
Program (Nested):
divide(1451, 4134)
| finqa17 |
what is the decline from current future minimum lease payments and the following years expected obligation?\\n
Important information:
table_1: fiscal year ending march 31, the 2007 of operating leases is 1703 ;
table_3: fiscal year ending march 31, the 2009 of operating leases is 1035 ;
table_5: fiscal year ending march 31, the total future minimum lease payments of operating leases is $ 4819 ;
Reasoning Steps:
Step: minus1-1(1703, 1371) = 432
Step: divide1-2(#0, 1703) = 25%
Program:
subtract(1703, 1371), divide(#0, 1703)
Program (Nested):
divide(subtract(1703, 1371), 1703)
| 0.19495 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
abiomed , inc . and subsidiaries notes to consolidated financial statements 2014 ( continued ) ( 7 ) commitments and contingencies the company applies the disclosure provisions of fin no . 45 , guarantor 2019s accounting and disclosure requirements for guarantees , including guarantees of indebtedness of others , and interpretation of fasb statements no . 5 , 57 and 107 and rescission of fasb interpretation no . 34 ( fin no . 45 ) to its agreements that contain guarantee or indemnification clauses . these disclosure provisions expand those required by sfas no . 5 accounting for contingencies , by requiring that guarantors disclose certain types of guarantees , even if the likelihood of requiring the guarantor 2019s performance is remote . the following is a description of arrangements in which the company is a guarantor . product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale . the ab5000 and bvs products are subject to rigorous regulation and quality standards . operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision . patent indemnifications 2014in many sales transactions , the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products . the indemnifications contained within sales contracts usually do not include limits on the claims . the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions . under the provisions of fin no . 45 , intellectual property indemnifications require disclosure only . as of march 31 , 2006 , the company had entered into leases for its facilities , including its primary operating facility in danvers , massachusetts , with terms through fiscal 2010 . the danvers lease may be extended , at the company 2019s option , for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values . the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company . in december 2005 we closed our office facility in the netherlands , recording a charge of approximately $ 58000 for the remaining lease term . total rent expense under these leases , included in the accompanying consolidated statements of operations approximated $ 821000 , $ 824000 and $ 1262000 for the fiscal years ended march 31 , 2004 , 2005 and 2006 , respectively . future minimum lease payments under all significant non-cancelable operating leases as of march 31 , 2006 are approximately as follows ( in thousands ) : fiscal year ending march 31 , operating leases .
Table
fiscal year ending march 31, | operating leases
2007 | 1703
2008 | 1371
2009 | 1035
2010 | 710
total future minimum lease payments | $ 4819
from time-to-time , the company is involved in legal and administrative proceedings and claims of various types . while any litigation contains an element of uncertainty , management , in consultation with the company 2019s general counsel , presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened , or all of them combined , is not expected to have a material adverse effect on the company 2019s financial position , cash flow and results . on may 15 , 2006 richard a . nazarian , as selling stockholder representative , filed a demand for arbitration ( subsequently amended ) with the boston office of the american arbitration association .
Question:
what is the decline from current future minimum lease payments and the following years expected obligation?\\n
Important information:
table_1: fiscal year ending march 31, the 2007 of operating leases is 1703 ;
table_3: fiscal year ending march 31, the 2009 of operating leases is 1035 ;
table_5: fiscal year ending march 31, the total future minimum lease payments of operating leases is $ 4819 ;
Reasoning Steps:
Step: minus1-1(1703, 1371) = 432
Step: divide1-2(#0, 1703) = 25%
Program:
subtract(1703, 1371), divide(#0, 1703)
Program (Nested):
divide(subtract(1703, 1371), 1703)
| finqa18 |
what is the applied 2019s net sales in 2018 , ( in billions ) ?
Important information:
table_2: the applied global services of 2013 is 591 ; the applied global services of 2012 is 25% ( 25 % ) ; the applied global services of is 580 ; the applied global services of ( in millions except percentages ) is 36% ( 36 % ) ;
table_5: the total of 2013 is $ 2372 ; the total of 2012 is 100% ( 100 % ) ; the total of is $ 1606 ; the total of ( in millions except percentages ) is 100% ( 100 % ) ;
text_18: applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 , and $ 1.1 billion ( 11 percent of net sales ) in fiscal 2011 .
Reasoning Steps:
Step: divide2-1(18, const_100) = 0.18
Step: divide2-2(1.3, #0) = 7.22
Program:
divide(18, const_100), divide(1.3, #0)
Program (Nested):
divide(1.3, divide(18, const_100))
| 7.22222 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
backlog applied manufactures systems to meet demand represented by order backlog and customer commitments . backlog consists of : ( 1 ) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months , or shipment has occurred but revenue has not been recognized ; and ( 2 ) contractual service revenue and maintenance fees to be earned within the next 12 months . backlog by reportable segment as of october 27 , 2013 and october 28 , 2012 was as follows : 2013 2012 ( in millions , except percentages ) .
Table
| 2013 | 2012 | | ( in millions except percentages )
silicon systems group | $ 1295 | 55% ( 55 % ) | $ 705 | 44% ( 44 % )
applied global services | 591 | 25% ( 25 % ) | 580 | 36% ( 36 % )
display | 361 | 15% ( 15 % ) | 206 | 13% ( 13 % )
energy and environmental solutions | 125 | 5% ( 5 % ) | 115 | 7% ( 7 % )
total | $ 2372 | 100% ( 100 % ) | $ 1606 | 100% ( 100 % )
applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods , due to the potential for customer changes in delivery schedules or cancellation of orders . customers may delay delivery of products or cancel orders prior to shipment , subject to possible cancellation penalties . delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations . manufacturing , raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly , test and integration of various proprietary and commercial parts , components and subassemblies ( collectively , parts ) that are used to manufacture systems . applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries , including the united states , europe , israel , singapore , taiwan , and other countries in asia , and assembly of some systems is completed at customer sites . applied uses numerous vendors , including contract manufacturers , to supply parts and assembly services for the manufacture and support of its products . although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers , this is not always possible . accordingly , some key parts may be obtained from only a single supplier or a limited group of suppliers . applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by : ( 1 ) selecting and qualifying alternate suppliers for key parts ; ( 2 ) monitoring the financial condition of key suppliers ; ( 3 ) maintaining appropriate inventories of key parts ; ( 4 ) qualifying new parts on a timely basis ; and ( 5 ) locating certain manufacturing operations in close proximity to suppliers and customers . research , development and engineering applied 2019s long-term growth strategy requires continued development of new products . the company 2019s significant investment in research , development and engineering ( rd&e ) has generally enabled it to deliver new products and technologies before the emergence of strong demand , thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle . applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements . product development and engineering organizations are located primarily in the united states , as well as in europe , israel , taiwan , and china . in addition , applied outsources certain rd&e activities , some of which are performed outside the united states , primarily in india . process support and customer demonstration laboratories are located in the united states , china , taiwan , europe , and israel . applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 , and $ 1.1 billion ( 11 percent of net sales ) in fiscal 2011 . applied has spent an average of 14 percent of net sales in rd&e over the last five years . in addition to rd&e for specific product technologies , applied maintains ongoing programs for automation control systems , materials research , and environmental control that are applicable to its products. .
Question:
what is the applied 2019s net sales in 2018 , ( in billions ) ?
Important information:
table_2: the applied global services of 2013 is 591 ; the applied global services of 2012 is 25% ( 25 % ) ; the applied global services of is 580 ; the applied global services of ( in millions except percentages ) is 36% ( 36 % ) ;
table_5: the total of 2013 is $ 2372 ; the total of 2012 is 100% ( 100 % ) ; the total of is $ 1606 ; the total of ( in millions except percentages ) is 100% ( 100 % ) ;
text_18: applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows : $ 1.3 billion ( 18 percent of net sales ) in fiscal 2013 , $ 1.2 billion ( 14 percent of net sales ) in fiscal 2012 , and $ 1.1 billion ( 11 percent of net sales ) in fiscal 2011 .
Reasoning Steps:
Step: divide2-1(18, const_100) = 0.18
Step: divide2-2(1.3, #0) = 7.22
Program:
divide(18, const_100), divide(1.3, #0)
Program (Nested):
divide(1.3, divide(18, const_100))
| finqa19 |
what is the average amortization amount , in millions , from 2015-2019?
Important information:
table_1: year the 2015 of amortization amount ( in millions ) is $ 45 ;
table_4: year the 2018 of amortization amount ( in millions ) is $ 45 ;
table_5: year the 2019 of amortization amount ( in millions ) is $ 44 ;
Reasoning Steps:
Step: multiply1-1(45, const_4) = 180
Step: add1-2(#0, 44) = 224
Step: divide1-3(#1, const_5) = 44.8
Program:
multiply(45, const_4), add(#0, 44), divide(#1, const_5)
Program (Nested):
divide(add(multiply(45, const_4), 44), const_5)
| 44.8 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) asset divestitures in conjunction with the asset divestitures in 2013 and 2014 , devon removed $ 26 million and $ 706 million of goodwill , respectively , which were allocated to these assets . impairment devon 2019s canadian goodwill was originally recognized in 2001 as a result of a business combination consisting almost entirely of conventional gas assets that devon no longer owns . as a result of performing the goodwill impairment test described in note 1 , devon concluded the implied fair value of its canadian goodwill was zero as of december 31 , 2014 . this conclusion was largely based on the significant decline in benchmark oil prices , particularly after opec 2019s decision not to reduce its production targets that was announced in late november 2014 . consequently , in the fourth quarter of 2014 , devon wrote off its remaining canadian goodwill and recognized a $ 1.9 billion impairment . other intangible assets as of december 31 , 2014 , intangible assets associated with customer relationships had a gross carrying amount of $ 569 million and $ 36 million of accumulated amortization . the weighted-average amortization period for the customer relationships is 13.7 years . amortization expense for intangibles was approximately $ 36 million for the year ended december 31 , 2014 . other intangible assets are reported in other long-term assets in the accompanying consolidated balance sheets . the following table summarizes the estimated aggregate amortization expense for the next five years . year amortization amount ( in millions ) .
Table
year | amortization amount ( in millions )
2015 | $ 45
2016 | $ 45
2017 | $ 45
2018 | $ 45
2019 | $ 44
.
Question:
what is the average amortization amount , in millions , from 2015-2019?
Important information:
table_1: year the 2015 of amortization amount ( in millions ) is $ 45 ;
table_4: year the 2018 of amortization amount ( in millions ) is $ 45 ;
table_5: year the 2019 of amortization amount ( in millions ) is $ 44 ;
Reasoning Steps:
Step: multiply1-1(45, const_4) = 180
Step: add1-2(#0, 44) = 224
Step: divide1-3(#1, const_5) = 44.8
Program:
multiply(45, const_4), add(#0, 44), divide(#1, const_5)
Program (Nested):
divide(add(multiply(45, const_4), 44), const_5)
| finqa20 |
what was the ratio of the pension trust assets for 2017 to 2018
Important information:
table_1: ( in millions ) the balance as of december 31 2017 of level 3 is $ 39 ;
text_10: pension trust had assets of $ 1572 million and $ 1739 million as of december 31 , 2018 and 2017 respectively , and the target allocations in 2018 include 75% ( 75 % ) fixed income , 16% ( 16 % ) domestic equities and 9% ( 9 % ) international equities .
text_12: pension trust had assets of $ 415 million and $ 480 million as of december 31 , 2018 and 2017 , respectively , and the target allocations in 2018 include 40% ( 40 % ) fixed income , 30% ( 30 % ) diversified growth funds , 20% ( 20 % ) equities and 10% ( 10 % ) real estate .
Reasoning Steps:
Step: divide1-1(480, 415) = 1.16
Program:
divide(480, 415)
Program (Nested):
divide(480, 415)
| 1.15663 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
72 s&p global 2018 annual report .
Table
( in millions ) | level 3
balance as of december 31 2017 | $ 39
purchases | 2014
distributions | -2 ( 2 )
gain ( loss ) | 2
balance as of december 31 2018 | $ 39
for securities that are quoted in active markets , the trustee/ custodian determines fair value by applying securities 2019 prices obtained from its pricing vendors . for commingled funds that are not actively traded , the trustee applies pricing information provided by investment management firms to the unit quantities of such funds . investment management firms employ their own pricing vendors to value the securities underlying each commingled fund . underlying securities that are not actively traded derive their prices from investment managers , which in turn , employ vendors that use pricing models ( e.g. , discounted cash flow , comparables ) . the domestic defined benefit plans have no investment in our stock , except through the s&p 500 commingled trust index fund . the trustee obtains estimated prices from vendors for securities that are not easily quotable and they are categorized accordingly as level 3 . the following table details further information on our plan assets where we have used significant unobservable inputs ( level 3 ) : pension trusts 2019 asset allocations there are two pension trusts , one in the u.s . and one in the u.k . 2022 the u.s . pension trust had assets of $ 1572 million and $ 1739 million as of december 31 , 2018 and 2017 respectively , and the target allocations in 2018 include 75% ( 75 % ) fixed income , 16% ( 16 % ) domestic equities and 9% ( 9 % ) international equities . 2022 the u.k . pension trust had assets of $ 415 million and $ 480 million as of december 31 , 2018 and 2017 , respectively , and the target allocations in 2018 include 40% ( 40 % ) fixed income , 30% ( 30 % ) diversified growth funds , 20% ( 20 % ) equities and 10% ( 10 % ) real estate . the pension assets are invested with the goal of producing a combination of capital growth , income and a liability hedge . the mix of assets is established after consideration of the long- term performance and risk characteristics of asset classes . investments are selected based on their potential to enhance returns , preserve capital and reduce overall volatility . holdings are diversified within each asset class . the portfolios employ a mix of index and actively managed equity strategies by market capitalization , style , geographic regions and economic sectors . the fixed income strategies include u.s . long duration securities , opportunistic fixed income securities and u.k . debt instruments . the short-term portfolio , whose primary goal is capital preservation for liquidity purposes , is composed of government and government-agency securities , uninvested cash , receivables and payables . the portfolios do not employ any financial leverage . u.s . defined contribution plan assets of the defined contribution plan in the u.s . consist primarily of investment options , which include actively managed equity , indexed equity , actively managed equity/bond funds , target date funds , s&p global inc . common stock , stable value and money market strategies . there is also a self-directed mutual fund investment option . the plan purchased 193051 shares and sold 205798 shares of s&p global inc . common stock in 2018 and purchased 228248 shares and sold 297750 shares of s&p global inc . common stock in 2017 . the plan held approximately 1.5 million shares of s&p global inc . common stock as of december 31 , 2018 and 2017 , with market values of $ 251 million and $ 255 million , respectively . the plan received dividends on s&p global inc . common stock of $ 3 million during both the years ended december 31 , 2018 and december 31 , 2017 . 8 . stock-based compensation we issue stock-based incentive awards to our eligible employees and directors under the 2002 employee stock incentive plan and a director deferred stock ownership plan . 2022 2002 employee stock incentive plan ( the 201c2002 plan 201d ) 2013 the 2002 plan permits the granting of nonqualified stock options , stock appreciation rights , performance stock , restricted stock and other stock-based awards . in 2018 , we made a one-time issuance of incentive stock options under the 2002 plan to replace kensho employees 2019 stock options that were assumed in connection with our acquisition of kensho in april of 2018 . 2022 director deferred stock ownership plan 2013 under this plan , common stock reserved may be credited to deferred stock accounts for eligible directors . in general , the plan requires that 50% ( 50 % ) of eligible directors 2019 annual compensation plus dividend equivalents be credited to deferred stock accounts . each director may also elect to defer all or a portion of the remaining compensation and have an equivalent number of shares credited to the deferred stock account . recipients under this plan are not required to provide consideration to us other than rendering service . shares will be delivered as of the date a recipient ceases to be a member of the board of directors or within five years thereafter , if so elected . the plan will remain in effect until terminated by the board of directors or until no shares of stock remain available under the plan. .
Question:
what was the ratio of the pension trust assets for 2017 to 2018
Important information:
table_1: ( in millions ) the balance as of december 31 2017 of level 3 is $ 39 ;
text_10: pension trust had assets of $ 1572 million and $ 1739 million as of december 31 , 2018 and 2017 respectively , and the target allocations in 2018 include 75% ( 75 % ) fixed income , 16% ( 16 % ) domestic equities and 9% ( 9 % ) international equities .
text_12: pension trust had assets of $ 415 million and $ 480 million as of december 31 , 2018 and 2017 , respectively , and the target allocations in 2018 include 40% ( 40 % ) fixed income , 30% ( 30 % ) diversified growth funds , 20% ( 20 % ) equities and 10% ( 10 % ) real estate .
Reasoning Steps:
Step: divide1-1(480, 415) = 1.16
Program:
divide(480, 415)
Program (Nested):
divide(480, 415)
| finqa21 |
what percent of inventory is ready for liquidation ( sale ) in 2003?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
table_3: the inventory step-up of 2003 is 52.6 ; the inventory step-up of 2002 is 2013 ;
text_23: inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 .
Reasoning Steps:
Step: divide2-1(384.3, 527.7) = .7283
Program:
divide(384.3, 527.7)
Program (Nested):
divide(384.3, 527.7)
| 0.72825 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes .
Table
| 2003 | 2002
finished goods | $ 384.3 | $ 206.7
raw materials and work in progress | 90.8 | 50.9
inventory step-up | 52.6 | 2013
inventories net | $ 527.7 | $ 257.6
made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever .
Question:
what percent of inventory is ready for liquidation ( sale ) in 2003?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
table_3: the inventory step-up of 2003 is 52.6 ; the inventory step-up of 2002 is 2013 ;
text_23: inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 .
Reasoning Steps:
Step: divide2-1(384.3, 527.7) = .7283
Program:
divide(384.3, 527.7)
Program (Nested):
divide(384.3, 527.7)
| finqa22 |
what is the total value of net operating loss carryforwards?
Important information:
text_0: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) at december 31 , 2005 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.2 billion and $ 2.4 billion , respectively .
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
text_3: 109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2005 , the company has provided a valuation allowance of approximately $ 422.4 million , including approximately $ 249.5 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards .
Reasoning Steps:
Step: add1-1(2157503, 2418012) = 4575515
Program:
add(2157503, 2418012)
Program (Nested):
add(2157503, 2418012)
| 4575515.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) at december 31 , 2005 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.2 billion and $ 2.4 billion , respectively . if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : .
Table
years ended december 31, | federal | state
2006 to 2010 | $ 5248 | $ 469747
2011 to 2015 | 10012 | 272662
2016 to 2020 | 397691 | 777707
2021 to 2025 | 1744552 | 897896
total | $ 2157503 | $ 2418012
sfas no . 109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2005 , the company has provided a valuation allowance of approximately $ 422.4 million , including approximately $ 249.5 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards . approximately $ 237.8 million of the spectrasite valuation allowance was assumed as of the acquisition date . the balance of the valuation allowance primarily relates to net state deferred tax assets . the company has not provided a valuation allowance for the remaining deferred tax assets , primarily its federal net operating loss carryforwards , as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period . the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses . in june 2003 and october 2003 , the company filed federal income tax refund claims with the irs relating to the carry back of $ 380.0 million of net operating losses generated prior to 2003 , of which the company initially anticipated receiving approximately $ 90.0 million . based on preliminary discussions with tax authorities , the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $ 65.0 million as a result of these claims by the end of 2006 . there can be no assurances , however , with respect to the specific amount and timing of any refund . the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations . the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense . accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions . based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized . the realization of the company 2019s deferred tax assets as of december 31 , 2005 will be dependent upon its ability to generate approximately $ 1.3 billion in taxable income from january 1 , 2006 to december 31 , 2025 . if the company is unable to generate sufficient taxable income in the future , or carry back losses , as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity . from time to time the company is subject to examination by various tax authorities in jurisdictions in which the company has significant business operations . the company regularly assesses the likelihood of additional assessments in each of the tax jurisdictions resulting from these examinations . during the year ended .
Question:
what is the total value of net operating loss carryforwards?
Important information:
text_0: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) at december 31 , 2005 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 2.2 billion and $ 2.4 billion , respectively .
table_5: years ended december 31, the total of federal is $ 2157503 ; the total of state is $ 2418012 ;
text_3: 109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2005 , the company has provided a valuation allowance of approximately $ 422.4 million , including approximately $ 249.5 million attributable to spectrasite , primarily related to net operating loss and capital loss carryforwards .
Reasoning Steps:
Step: add1-1(2157503, 2418012) = 4575515
Program:
add(2157503, 2418012)
Program (Nested):
add(2157503, 2418012)
| finqa23 |
what is the percent change in annual long-term debt maturities from 2016 to 2017?
Important information:
text_8: the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .
table_1: the 2016 of amount ( in thousands ) is $ 204079 ;
table_2: the 2017 of amount ( in thousands ) is $ 766451 ;
Reasoning Steps:
Step: minus1-1(766451, 204079) = 562372
Step: divide1-2(#0, 204079) = 276%
Program:
subtract(766451, 204079), divide(#0, 204079)
Program (Nested):
divide(subtract(766451, 204079), 204079)
| 2.75566 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries notes to financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral first mortgage bonds . ( b ) these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . ( c ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . the contracts include a one-time fee for generation prior to april 7 , 1983 . entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt . ( d ) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations . ( e ) the fair value excludes lease obligations of $ 109 million at entergy louisiana and $ 34 million at system energy , long-term doe obligations of $ 181 million at entergy arkansas , and the note payable to nypa of $ 35 million at entergy , and includes debt due within one year . fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades . the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .
Table
| amount ( in thousands )
2016 | $ 204079
2017 | $ 766451
2018 | $ 822690
2019 | $ 768588
2020 | $ 1631181
in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction . entergy issued notes to nypa with seven annual installments of approximately $ 108 million commencing one year from the date of the closing , and eight annual installments of $ 20 million commencing eight years from the date of the closing . these notes do not have a stated interest rate , but have an implicit interest rate of 4.8% ( 4.8 % ) . in accordance with the purchase agreement with nypa , the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $ 10 million per year for 10 years , beginning in september 2003 . this liability was recorded upon the purchase of indian point 2 in september 2001 . as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date . with the planned shutdown of fitzpatrick at the end of its current fuel cycle , entergy reduced this liability by $ 26.4 million in 2015 pursuant to the terms of the purchase agreement . under a provision in a letter of credit supporting these notes , if certain of the utility operating companies or system energy were to default on other indebtedness , entergy could be required to post collateral to support the letter of credit . entergy louisiana , entergy mississippi , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017 . entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 . entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016 . capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to: .
Question:
what is the percent change in annual long-term debt maturities from 2016 to 2017?
Important information:
text_8: the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december 31 , 2015 , for the next five years are as follows : amount ( in thousands ) .
table_1: the 2016 of amount ( in thousands ) is $ 204079 ;
table_2: the 2017 of amount ( in thousands ) is $ 766451 ;
Reasoning Steps:
Step: minus1-1(766451, 204079) = 562372
Step: divide1-2(#0, 204079) = 276%
Program:
subtract(766451, 204079), divide(#0, 204079)
Program (Nested):
divide(subtract(766451, 204079), 204079)
| finqa24 |
share of total securities rated bbb/baa or below changed by how many percentage point between 2008 and 2009?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_4: the bbb/baa of december 31 2009 is 2 ; the bbb/baa of december 312008 is 3 ;
table_5: the total of december 31 2009 is 100% ( 100 % ) ; the total of december 312008 is 100% ( 100 % ) ;
Reasoning Steps:
Step: minus1-1(2, 3) = -1
Program:
subtract(2, 3)
Program (Nested):
subtract(2, 3)
| -1.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
market street commitments by credit rating ( a ) december 31 , december 31 .
Table
| december 31 2009 | december 312008
aaa/aaa | 14% ( 14 % ) | 19% ( 19 % )
aa/aa | 50 | 6
a/a | 34 | 72
bbb/baa | 2 | 3
total | 100% ( 100 % ) | 100% ( 100 % )
( a ) the majority of our facilities are not explicitly rated by the rating agencies . all facilities are structured to meet rating agency standards for applicable rating levels . we evaluated the design of market street , its capital structure , the note , and relationships among the variable interest holders . based on this analysis and under accounting guidance effective during 2009 and 2008 , we are not the primary beneficiary and therefore the assets and liabilities of market street are not included on our consolidated balance sheet . we considered changes to the variable interest holders ( such as new expected loss note investors and changes to program- level credit enhancement providers ) , terms of expected loss notes , and new types of risks related to market street as reconsideration events . we reviewed the activities of market street on at least a quarterly basis to determine if a reconsideration event has occurred . tax credit investments we make certain equity investments in various limited partnerships or limited liability companies ( llcs ) that sponsor affordable housing projects utilizing the low income housing tax credit ( lihtc ) pursuant to sections 42 and 47 of the internal revenue code . the purpose of these investments is to achieve a satisfactory return on capital , to facilitate the sale of additional affordable housing product offerings and to assist us in achieving goals associated with the community reinvestment act . the primary activities of the investments include the identification , development and operation of multi-family housing that is leased to qualifying residential tenants . generally , these types of investments are funded through a combination of debt and equity . we typically invest in these partnerships as a limited partner or non-managing member . also , we are a national syndicator of affordable housing equity ( together with the investments described above , the 201clihtc investments 201d ) . in these syndication transactions , we create funds in which our subsidiaries are the general partner or managing member and sell limited partnership or non-managing member interests to third parties , and in some cases may also purchase a limited partnership or non-managing member interest in the fund . the purpose of this business is to generate income from the syndication of these funds , generate servicing fees by managing the funds , and earn tax credits to reduce our tax liability . general partner or managing member activities include selecting , evaluating , structuring , negotiating , and closing the fund investments in operating limited partnerships , as well as oversight of the ongoing operations of the fund portfolio . we evaluate our interests and third party interests in the limited partnerships/llcs in determining whether we are the primary beneficiary . the primary beneficiary determination is based on which party absorbs a majority of the variability . the primary sources of variability in lihtc investments are the tax credits , tax benefits due to passive losses on the investments and development and operating cash flows . we have consolidated lihtc investments in which we absorb a majority of the variability and thus are considered the primary beneficiary . the assets are primarily included in equity investments and other assets on our consolidated balance sheet with the liabilities classified in other liabilities and third party investors 2019 interests included in the equity section as noncontrolling interests . neither creditors nor equity investors in the lihtc investments have any recourse to our general credit . the consolidated aggregate assets and liabilities of these lihtc investments are provided in the consolidated vies 2013 pnc is primary beneficiary table and reflected in the 201cother 201d business segment . we also have lihtc investments in which we are not the primary beneficiary , but are considered to have a significant variable interest based on our interests in the partnership/llc . these investments are disclosed in the non-consolidated vies 2013 significant variable interests table . the table also reflects our maximum exposure to loss . our maximum exposure to loss is equal to our legally binding equity commitments adjusted for recorded impairment and partnership results . we use the equity and cost methods to account for our investment in these entities with the investments reflected in equity investments on our consolidated balance sheet . in addition , we increase our recognized investments and recognize a liability for all legally binding unfunded equity commitments . these liabilities are reflected in other liabilities on our consolidated balance sheet . credit risk transfer transaction national city bank , ( a former pnc subsidiary which merged into pnc bank , n.a . in november 2009 ) sponsored a special purpose entity ( spe ) and concurrently entered into a credit risk transfer agreement with an independent third party to mitigate credit losses on a pool of nonconforming mortgage loans originated by its former first franklin business unit . the spe was formed with a small equity contribution and was structured as a bankruptcy-remote entity so that its creditors have no recourse to us . in exchange for a perfected security interest in the cash flows of the nonconforming mortgage loans , the spe issued to us asset-backed securities in the form of senior , mezzanine , and subordinated equity notes . the spe was deemed to be a vie as its equity was not sufficient to finance its activities . we were determined to be the primary beneficiary of the spe as we would absorb the majority of the expected losses of the spe through our holding of the asset-backed securities . accordingly , this spe was consolidated and all of the entity 2019s assets , liabilities , and .
Question:
share of total securities rated bbb/baa or below changed by how many percentage point between 2008 and 2009?
Important information:
text_0: market street commitments by credit rating ( a ) december 31 , december 31 .
table_4: the bbb/baa of december 31 2009 is 2 ; the bbb/baa of december 312008 is 3 ;
table_5: the total of december 31 2009 is 100% ( 100 % ) ; the total of december 312008 is 100% ( 100 % ) ;
Reasoning Steps:
Step: minus1-1(2, 3) = -1
Program:
subtract(2, 3)
Program (Nested):
subtract(2, 3)
| finqa25 |
what is the percentage increase in interest expense?
Important information:
text_8: 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 ) .
text_10: 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 .
text_23: excluding .
Reasoning Steps:
Step: minus1-1(914, 23) = 891
Step: divide1-2(23, #0) = 2.6%
Program:
subtract(914, 23), divide(23, #0)
Program (Nested):
divide(23, subtract(914, 23))
| 0.02581 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
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 % )
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 .
Question:
what is the percentage increase in interest expense?
Important information:
text_8: 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 ) .
text_10: 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 .
text_23: excluding .
Reasoning Steps:
Step: minus1-1(914, 23) = 891
Step: divide1-2(23, #0) = 2.6%
Program:
subtract(914, 23), divide(23, #0)
Program (Nested):
divide(23, subtract(914, 23))
| finqa26 |
what is the expected growth rate in amortization expense from 2016 to 2017?
Important information:
table_0: fiscal 2016 the fiscal 2016 of $ 377.0 is $ 377.0 ;
table_1: fiscal 2016 the fiscal 2017 of $ 377.0 is $ 365.6 ;
table_3: fiscal 2016 the fiscal 2019 of $ 377.0 is $ 343.5 ;
Reasoning Steps:
Step: minus2-1(365.6, 377.0) = -11.4
Step: divide2-2(#0, 377.0) = -3.0%
Program:
subtract(365.6, 377.0), divide(#0, 377.0)
Program (Nested):
divide(subtract(365.6, 377.0), 377.0)
| -0.03024 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents the estimated amortization expense at september 26 , 2015 for each of the five succeeding fiscal years was as follows: .
Table
fiscal 2016 | $ 377.0
fiscal 2017 | $ 365.6
fiscal 2018 | $ 355.1
fiscal 2019 | $ 343.5
fiscal 2020 | $ 332.3
goodwill in accordance with asc 350 , intangibles 2014goodwill and other ( asc 350 ) , the company tests goodwill for impairment at the reporting unit level on an annual basis and between annual tests if events and circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying value . events that could indicate impairment and trigger an interim impairment assessment include , but are not limited to , current economic and market conditions , including a decline in market capitalization , a significant adverse change in legal factors , business climate , operational performance of the business or key personnel , and an adverse action or assessment by a regulator . in performing the impairment test , the company utilizes the two-step approach prescribed under asc 350 . the first step requires a comparison of the carrying value of each reporting unit to its estimated fair value . to estimate the fair value of its reporting units for step 1 , the company primarily utilizes the income approach . the income approach is based on a dcf analysis and calculates the fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting the after-tax cash flows to a present value using a risk-adjusted discount rate . assumptions used in the dcf require significant judgment , including judgment about appropriate discount rates and terminal values , growth rates , and the amount and timing of expected future cash flows . the forecasted cash flows are based on the company 2019s most recent budget and strategic plan and for years beyond this period , the company 2019s estimates are based on assumed growth rates expected as of the measurement date . the company believes its assumptions are consistent with the plans and estimates used to manage the underlying businesses . the discount rates used are intended to reflect the risks inherent in future cash flow projections and are based on estimates of the weighted-average cost of capital ( 201cwacc 201d ) of market participants relative to each respective reporting unit . the market approach considers comparable market data based on multiples of revenue or earnings before interest , taxes , depreciation and amortization ( 201cebitda 201d ) and is primarily used as a corroborative analysis to the results of the dcf analysis . the company believes its assumptions used to determine the fair value of its reporting units are reasonable . if different assumptions were used , particularly with respect to forecasted cash flows , terminal values , waccs , or market multiples , different estimates of fair value may result and there could be the potential that an impairment charge could result . actual operating results and the related cash flows of the reporting units could differ from the estimated operating results and related cash flows . if the carrying value of a reporting unit exceeds its estimated fair value , the company is required to perform the second step of the goodwill impairment test to measure the amount of impairment loss , if any . the second step of the goodwill impairment test compares the implied fair value of a reporting unit 2019s goodwill to its carrying value . the implied fair value of goodwill is derived by performing a hypothetical purchase price allocation for each reporting unit as of the measurement date and allocating the reporting unit 2019s estimated fair value to its assets and liabilities . the residual amount from performing this allocation represents the implied fair value of goodwill . to the extent this amount is below the carrying value of goodwill , an impairment charge is recorded . the company conducted its fiscal 2015 impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 28 , 2015 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as of the measurement date . as a result of completing step 1 , all of the company's reporting units had fair values exceeding their carrying values , and as such , step 2 of the impairment test was not required . for illustrative purposes , had the fair value of each of the reporting units that passed step 1 been lower than 10% ( 10 % ) , all of the reporting units would still have passed step 1 of the goodwill impairment test . at september 26 , 2015 , the company believes that each reporting unit , with goodwill aggregating 2.81 billion , was not at risk of failing step 1 of the goodwill impairment test based on the current forecasts . the company conducted its fiscal 2014 annual impairment test on the first day of the fourth quarter , and as noted above used dcf and market approaches to estimate the fair value of its reporting units as of june 29 , 2014 , and ultimately used the fair value determined by the dcf approach in making its impairment test conclusions . the company believes it used reasonable estimates and assumptions about future revenue , cost projections , cash flows , market multiples and discount rates as source : hologic inc , 10-k , november 19 , 2015 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely . the user assumes all risks for any damages or losses arising from any use of this information , except to the extent such damages or losses cannot be limited or excluded by applicable law . past financial performance is no guarantee of future results. .
Question:
what is the expected growth rate in amortization expense from 2016 to 2017?
Important information:
table_0: fiscal 2016 the fiscal 2016 of $ 377.0 is $ 377.0 ;
table_1: fiscal 2016 the fiscal 2017 of $ 377.0 is $ 365.6 ;
table_3: fiscal 2016 the fiscal 2019 of $ 377.0 is $ 343.5 ;
Reasoning Steps:
Step: minus2-1(365.6, 377.0) = -11.4
Step: divide2-2(#0, 377.0) = -3.0%
Program:
subtract(365.6, 377.0), divide(#0, 377.0)
Program (Nested):
divide(subtract(365.6, 377.0), 377.0)
| finqa27 |
what are the payments for entergy arkansas as a percentage of payments for entergy louisiana?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 2 ;
table_2: the entergy louisiana of payments ( receipts ) ( in millions ) is $ 6 ;
text_9: the ferc determined that the payments detailed in the november 2016 compliance filing did not include adequate interest for the payments from entergy arkansas to entergy louisiana because it did not include interest on the principal portion of the payment that was made in february 2016 .
Reasoning Steps:
Step: divide2-1(2, 6) = 33.3%
Program:
divide(2, 6)
Program (Nested):
divide(2, 6)
| 0.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
payments ( receipts ) ( in millions ) .
Table
| payments ( receipts ) ( in millions )
entergy arkansas | $ 2
entergy louisiana | $ 6
entergy mississippi | ( $ 4 )
entergy new orleans | ( $ 1 )
entergy texas | ( $ 3 )
in september 2016 the ferc accepted the february 2016 compliance filing subject to a further compliance filing made in november 2016 . the further compliance filing was required as a result of an order issued in september 2016 ruling on the january 2016 rehearing requests filed by the lpsc , the apsc , and entergy . in the order addressing the rehearing requests , the ferc granted the lpsc 2019s rehearing request and directed that interest be calculated on the payment/receipt amounts . the ferc also granted the apsc 2019s and entergy 2019s rehearing request and ordered the removal of both securitized asset accumulated deferred income taxes and contra-securitization accumulated deferred income taxes from the calculation . in november 2016 , entergy submitted its compliance filing in response to the ferc 2019s order on rehearing . the compliance filing included a revised refund calculation of the true-up payments and receipts based on 2009 test year data and interest calculations . the lpsc protested the interest calculations . in november 2017 the ferc issued an order rejecting the november 2016 compliance filing . the ferc determined that the payments detailed in the november 2016 compliance filing did not include adequate interest for the payments from entergy arkansas to entergy louisiana because it did not include interest on the principal portion of the payment that was made in february 2016 . in december 2017 , entergy recalculated the interest pursuant to the november 2017 order . as a result of the recalculations , entergy arkansas owed very minor payments to entergy louisiana , entergy mississippi , and entergy new orleans . 2011 rate filing based on calendar year 2010 production costs in may 2011 , entergy filed with the ferc the 2011 rates in accordance with the ferc 2019s orders in the system agreement proceeding . a0 a0several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . a0 a0in july a02011 the ferc a0accepted entergy 2019s proposed rates for filing , a0effective june a01 , a02011 , a0subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2011 rate filing with the 2012 , 2013 , and 2014 rate filings for settlement and hearing procedures . see discussion below regarding the consolidated settlement and hearing procedures in connection with this proceeding . 2012 rate filing based on calendar year 2011 production costs in may 2012 , entergy filed with the ferc the 2012 rates in accordance with the ferc 2019s orders in the system agreement proceeding . a0 a0several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . a0 a0in august 2012 the ferc a0accepted entergy 2019s proposed rates for filing , a0effective june a02012 , a0subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2012 rate filing with the 2011 , 2013 , and 2014 rate filings for settlement and hearing procedures . see discussion below regarding the consolidated settlement and hearing procedures in connection with this proceeding . 2013 rate filing based on calendar year 2012 production costs in may 2013 , entergy filed with the ferc the 2013 rates in accordance with the ferc 2019s orders in the system agreement proceeding . several parties intervened in the proceeding at the ferc , including the lpsc , which also filed a protest . the city council intervened and filed comments related to including the outcome of a related ferc proceeding in the 2013 cost equalization calculation . in august 2013 the ferc issued an order accepting the 2013 rates , effective june 1 , 2013 , subject to refund . after an abeyance of the proceeding schedule , in december 2014 the ferc consolidated the 2013 rate filing with the 2011 , 2012 , and 2014 rate filings for settlement and hearing procedures . entergy corporation and subsidiaries notes to financial statements .
Question:
what are the payments for entergy arkansas as a percentage of payments for entergy louisiana?
Important information:
table_1: the entergy arkansas of payments ( receipts ) ( in millions ) is $ 2 ;
table_2: the entergy louisiana of payments ( receipts ) ( in millions ) is $ 6 ;
text_9: the ferc determined that the payments detailed in the november 2016 compliance filing did not include adequate interest for the payments from entergy arkansas to entergy louisiana because it did not include interest on the principal portion of the payment that was made in february 2016 .
Reasoning Steps:
Step: divide2-1(2, 6) = 33.3%
Program:
divide(2, 6)
Program (Nested):
divide(2, 6)
| finqa28 |
as of december 31 , 2008 what was the percent of the total accounts payable and other liabilities that was accrued wages and vacation
Important information:
table_1: millions of dollars the accounts payable of dec . 31 2008 is $ 629 ; the accounts payable of dec . 31 2007 is $ 732 ;
table_2: millions of dollars the accrued wages and vacation of dec . 31 2008 is 367 ; the accrued wages and vacation of dec . 31 2007 is 394 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ; the total accounts payable and other current liabilities of dec . 31 2007 is $ 2902 ;
Reasoning Steps:
Step: divide1-1(367, 2560) = 14.3%
Program:
divide(367, 2560)
Program (Nested):
divide(367, 2560)
| 0.14336 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for track structure expansion ( capacity projects ) and replacement ( program projects ) , which is typically performed by our employees . approximately 13% ( 13 % ) of our full-time equivalent employees are dedicated to the construction of capital assets . costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized . direct costs that are capitalized as part of self-constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . these costs are allocated using appropriate statistical bases . the capitalization of indirect costs is consistent with fasb statement no . 67 , accounting for costs and initial rental operations of real estate projects . general and administrative expenditures are expensed as incurred . normal repairs and maintenance are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 10 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions of dollars 2008 2007 .
Table
millions of dollars | dec . 31 2008 | dec . 31 2007
accounts payable | $ 629 | $ 732
accrued wages and vacation | 367 | 394
accrued casualty costs | 390 | 371
income and other taxes | 207 | 343
dividends and interest | 328 | 284
equipment rents payable | 93 | 103
other | 546 | 675
total accounts payable and other current liabilities | $ 2560 | $ 2902
11 . fair value measurements during the first quarter of 2008 , we fully adopted fasb statement no . 157 , fair value measurements ( fas 157 ) . fas 157 established a framework for measuring fair value and expanded disclosures about fair value measurements . the adoption of fas 157 had no impact on our financial position or results of operations . fas 157 applies to all assets and liabilities that are measured and reported on a fair value basis . this enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values . the statement requires that each asset and liability carried at fair value be classified into one of the following categories : level 1 : quoted market prices in active markets for identical assets or liabilities . level 2 : observable market based inputs or unobservable inputs that are corroborated by market data . level 3 : unobservable inputs that are not corroborated by market data. .
Question:
as of december 31 , 2008 what was the percent of the total accounts payable and other liabilities that was accrued wages and vacation
Important information:
table_1: millions of dollars the accounts payable of dec . 31 2008 is $ 629 ; the accounts payable of dec . 31 2007 is $ 732 ;
table_2: millions of dollars the accrued wages and vacation of dec . 31 2008 is 367 ; the accrued wages and vacation of dec . 31 2007 is 394 ;
table_8: millions of dollars the total accounts payable and other current liabilities of dec . 31 2008 is $ 2560 ; the total accounts payable and other current liabilities of dec . 31 2007 is $ 2902 ;
Reasoning Steps:
Step: divide1-1(367, 2560) = 14.3%
Program:
divide(367, 2560)
Program (Nested):
divide(367, 2560)
| finqa29 |
for the period ending in 2016 , what was the average amount of settlements , in millions?
Important information:
text_0: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
table_6: december 31, the settlements of 2016 is -13 ( 13 ) ; the settlements of 2015 is -19 ( 19 ) ; the settlements of 2014 is -2 ( 2 ) ;
table_8: december 31, the balance at december 31 of 2016 is $ 369 ; the balance at december 31 of 2015 is $ 373 ; the balance at december 31 of 2014 is $ 394 ;
Reasoning Steps:
Step: average2-1(settlements, none) = 11.3
Program:
table_average(settlements, none)
Program (Nested):
table_average(settlements, none)
| -11.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
Table
december 31, | 2016 | 2015 | 2014
balance at january 1 | $ 373 | $ 394 | $ 392
additions for current year tax positions | 8 | 7 | 7
additions for tax positions of prior years | 1 | 12 | 14
reductions for tax positions of prior years | -1 ( 1 ) | -7 ( 7 ) | -2 ( 2 )
effects of foreign currency translation | 2 | -7 ( 7 ) | -3 ( 3 )
settlements | -13 ( 13 ) | -19 ( 19 ) | -2 ( 2 )
lapse of statute of limitations | -1 ( 1 ) | -7 ( 7 ) | -12 ( 12 )
balance at december 31 | $ 369 | $ 373 | $ 394
the company and certain of its subsidiaries are currently under examination by the relevant taxing authorities for various tax years . the company regularly assesses the potential outcome of these examinations in each of the taxing jurisdictions when determining the adequacy of the amount of unrecognized tax benefit recorded . while it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position , we believe we have appropriately accrued for our uncertain tax benefits . however , audit outcomes and the timing of audit settlements and future events that would impact our previously recorded unrecognized tax benefits and the range of anticipated increases or decreases in unrecognized tax benefits are subject to significant uncertainty . it is possible that the ultimate outcome of current or future examinations may exceed our provision for current unrecognized tax benefits in amounts that could be material , but cannot be estimated as of december 31 , 2016 . our effective tax rate and net income in any given future period could therefore be materially impacted . 22 . discontinued operations brazil distribution 2014 due to a portfolio evaluation in the first half of 2016 , management has decided to pursue a strategic shift of its distribution companies in brazil , aes sul and eletropaulo . the disposal of sul was completed in october 2016 . in december 2016 , eletropaulo underwent a corporate restructuring which is expected to , among other things , provide more liquidity of its shares . aes is continuing to pursue strategic options for eletropaulo in order to complete its strategic shift to reduce aes 2019 exposure to the brazilian distribution business , including preparation for listing its shares into the novo mercado , which is a listing segment of the brazilian stock exchange with the highest standards of corporate governance . the company executed an agreement for the sale of its wholly-owned subsidiary aes sul in june 2016 . we have reported the results of operations and financial position of aes sul as discontinued operations in the consolidated financial statements for all periods presented . upon meeting the held-for-sale criteria , the company recognized an after tax loss of $ 382 million comprised of a pretax impairment charge of $ 783 million , offset by a tax benefit of $ 266 million related to the impairment of the sul long lived assets and a tax benefit of $ 135 million for deferred taxes related to the investment in aes sul . prior to the impairment charge in the second quarter , the carrying value of the aes sul asset group of $ 1.6 billion was greater than its approximate fair value less costs to sell . however , the impairment charge was limited to the carrying value of the long lived assets of the aes sul disposal group . on october 31 , 2016 , the company completed the sale of aes sul and received final proceeds less costs to sell of $ 484 million , excluding contingent consideration . upon disposal of aes sul , we incurred an additional after- tax loss on sale of $ 737 million . the cumulative impact to earnings of the impairment and loss on sale was $ 1.1 billion . this includes the reclassification of approximately $ 1 billion of cumulative translation losses , resulting in a net reduction to the company 2019s stockholders 2019 equity of $ 92 million . sul 2019s pretax loss attributable to aes for the years ended december 31 , 2016 and 2015 was $ 1.4 billion and $ 32 million , respectively . sul 2019s pretax gain attributable to aes for the year ended december 31 , 2014 was $ 133 million . prior to its classification as discontinued operations , sul was reported in the brazil sbu reportable segment . as discussed in note 1 2014general and summary of significant accounting policies , effective july 1 , 2014 , the company prospectively adopted asu no . 2014-08 . discontinued operations prior to adoption of asu no . 2014-08 include the results of cameroon , saurashtra and various u.s . wind projects which were each sold in the first half of cameroon 2014 in september 2013 , the company executed agreements for the sale of its 56% ( 56 % ) equity interests in businesses in cameroon : sonel , an integrated utility , kribi , a gas and light fuel oil plant , and dibamba , a heavy .
Question:
for the period ending in 2016 , what was the average amount of settlements , in millions?
Important information:
text_0: the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2016 , 2015 , and 2014 the following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated ( in millions ) : .
table_6: december 31, the settlements of 2016 is -13 ( 13 ) ; the settlements of 2015 is -19 ( 19 ) ; the settlements of 2014 is -2 ( 2 ) ;
table_8: december 31, the balance at december 31 of 2016 is $ 369 ; the balance at december 31 of 2015 is $ 373 ; the balance at december 31 of 2014 is $ 394 ;
Reasoning Steps:
Step: average2-1(settlements, none) = 11.3
Program:
table_average(settlements, none)
Program (Nested):
table_average(settlements, none)
| finqa30 |
what percentage of total future principal payments of corporate debt are due after 2012?
Important information:
table_5: 2008 the thereafter of $ 2014 is 2996337 ;
table_6: 2008 the total future principal payments of corporate debt of $ 2014 is 3450152 ;
table_8: 2008 the total corporate debt of $ 2014 is $ 3022698 ;
Reasoning Steps:
Step: divide2-1(2996337, 3450152) = 87%
Program:
divide(2996337, 3450152)
Program (Nested):
divide(2996337, 3450152)
| 0.86847 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
before the purchase in november 2008 , the units will be reflected in diluted earnings per share calculations using the treasury stock method as defined by sfas no . 128 , earnings per share . under this method , the number of shares of common stock used in calculating diluted earnings per share ( based on the settlement formula applied at the end of the reporting period ) is deemed to be increased by the excess , if any , of the number of shares that would be issued upon settlement of the purchase contracts less the number of shares that could be purchased by the company in the market at the average market price during the period using the proceeds to be received upon settlement . therefore , dilution will occur for periods when the average market price of the company 2019s common stock for the reporting period is above $ 21.816 . senior secured revolving credit facility in september 2005 , the company entered into a $ 250 million , three-year senior secured revolving credit facility . as a result of the citadel investment in november 2007 , the facility was terminated and all unamortized debt issuance costs were expensed . corporate debt covenants certain of the company 2019s corporate debt described above have terms which include customary financial covenants . as of december 31 , 2007 , the company was in compliance with all such covenants . early extinguishment of debt in 2006 , the company called the entire remaining $ 185.2 million principal amount of its 6% ( 6 % ) notes for redemption . the company recorded a $ 0.7 million loss on early extinguishment of debt relating to the write-off of the unamortized debt offering costs . the company did not have any early extinguishments of debt in 2005 . other corporate debt the company also has multiple term loans from financial institutions . these loans are collateralized by equipment and are included within other borrowings on the consolidated balance sheet . see note 14 2014securities sold under agreement to repurchase and other borrowings . future maturities of corporate debt scheduled principal payments of corporate debt as of december 31 , 2007 are as follows ( dollars in thousands ) : years ending december 31 .
Table
2008 | $ 2014
2009 | 2014
2010 | 2014
2011 | 453815
2012 | 2014
thereafter | 2996337
total future principal payments of corporate debt | 3450152
unamortized discount net | -427454 ( 427454 )
total corporate debt | $ 3022698
.
Question:
what percentage of total future principal payments of corporate debt are due after 2012?
Important information:
table_5: 2008 the thereafter of $ 2014 is 2996337 ;
table_6: 2008 the total future principal payments of corporate debt of $ 2014 is 3450152 ;
table_8: 2008 the total corporate debt of $ 2014 is $ 3022698 ;
Reasoning Steps:
Step: divide2-1(2996337, 3450152) = 87%
Program:
divide(2996337, 3450152)
Program (Nested):
divide(2996337, 3450152)
| finqa31 |
what was the percentage change in total net goodwill between 2010 and 2011?
Important information:
text_1: goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products .
text_12: $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 .
table_6: the total of gross goodwill at december 31 2010 is $ 4216 ; the total of accumulated impairment losses is $ -1833 ( 1833 ) ; the total of net goodwill at december 31 2010 is $ 2383 ; the total of additions ( a ) is $ 9 ; the total of discontinued operations ( b ) is $ -13 ( 13 ) ; the total of pre-tax impairment charge is $ -486 ( 486 ) ; the total of other ( c ) is $ -2 ( 2 ) ; the total of net goodwill at december 31 2011 is $ 1891 ;
Reasoning Steps:
Step: minus1-1(1891, 2383) = -492
Step: divide1-2(#0, 2383) = -21%
Program:
subtract(1891, 2383), divide(#0, 2383)
Program (Nested):
divide(subtract(1891, 2383), 2383)
| -0.20646 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
masco corporation notes to consolidated financial statements ( continued ) h . goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products . . . . . . . . . . . $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 .
Table
| gross goodwill at december 31 2010 | accumulated impairment losses | net goodwill at december 31 2010 | additions ( a ) | discontinued operations ( b ) | pre-tax impairment charge | other ( c ) | net goodwill at december 31 2011
cabinets and related products | $ 587 | $ -364 ( 364 ) | $ 223 | $ 2014 | $ 2014 | $ -44 ( 44 ) | $ 2 | $ 181
plumbing products | 536 | -340 ( 340 ) | 196 | 9 | 2014 | 2014 | -4 ( 4 ) | 201
installation and other services | 1819 | -762 ( 762 ) | 1057 | 2014 | -13 ( 13 ) | 2014 | 2014 | 1044
decorative architectural products | 294 | 2014 | 294 | 2014 | 2014 | -75 ( 75 ) | 2014 | 219
other specialty products | 980 | -367 ( 367 ) | 613 | 2014 | 2014 | -367 ( 367 ) | 2014 | 246
total | $ 4216 | $ -1833 ( 1833 ) | $ 2383 | $ 9 | $ -13 ( 13 ) | $ -486 ( 486 ) | $ -2 ( 2 ) | $ 1891
( a ) additions include acquisitions . ( b ) during 2011 , the company reclassified the goodwill related to the business units held for sale . subsequent to the reclassification , the company recognized a charge for those business units expected to be divested at a loss ; the charge included a write-down of goodwill of $ 13 million . ( c ) other principally includes the effect of foreign currency translation and purchase price adjustments related to prior-year acquisitions . in the fourth quarters of 2012 and 2011 , the company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets . the impairment test in 2012 indicated there was no impairment of goodwill for any of the company 2019s reporting units . the impairment test in 2011 indicated that goodwill recorded for certain of the company 2019s reporting units was impaired . the company recognized the non-cash , pre-tax impairment charges , in continuing operations , for goodwill of $ 486 million ( $ 330 million , after tax ) for 2011 . in 2011 , the pre-tax impairment charge in the cabinets and related products segment relates to the european ready-to- assemble cabinet manufacturer and reflects the declining demand for certain products , as well as decreased operating margins . the pre-tax impairment charge in the decorative architectural products segment relates to the builders 2019 hardware business and reflects increasing competitive conditions for that business . the pre-tax impairment charge in the other specialty products segment relates to the north american window and door business and reflects the continuing weak level of new home construction activity in the western u.s. , the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated . the company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at december 31 , 2011 . other indefinite-lived intangible assets were $ 132 million and $ 174 million at december 31 , 2012 and 2011 , respectively , and principally included registered trademarks . in 2012 and 2011 , the impairment test indicated that the registered trademark for a north american business unit in the other specialty products segment and the registered trademark for a north american business unit in the plumbing products segment ( 2011 only ) were impaired due to changes in the long-term outlook for the business units . the company recognized non-cash , pre-tax impairment charges for other indefinite- lived intangible assets of $ 42 million ( $ 27 million , after tax ) and $ 8 million ( $ 5 million , after tax ) in 2012 and 2011 , respectively . in 2010 , the company recognized non-cash , pre-tax impairment charges for other indefinite-lived intangible assets of $ 10 million ( $ 6 million after tax ) related to the installation and other services segment ( $ 9 million pre-tax ) and the plumbing products segment ( $ 1 million pre-tax ) . .
Question:
what was the percentage change in total net goodwill between 2010 and 2011?
Important information:
text_1: goodwill and other intangible assets ( continued ) goodwill at december 31 , accumulated impairment losses goodwill at december 31 , 2010 additions ( a ) discontinued operations ( b ) pre-tax impairment charge other ( c ) goodwill at december 31 , cabinets and related products .
text_12: $ 587 $ ( 364 ) $ 223 $ 2014 $ 2014 $ ( 44 ) $ 2 $ 181 .
table_6: the total of gross goodwill at december 31 2010 is $ 4216 ; the total of accumulated impairment losses is $ -1833 ( 1833 ) ; the total of net goodwill at december 31 2010 is $ 2383 ; the total of additions ( a ) is $ 9 ; the total of discontinued operations ( b ) is $ -13 ( 13 ) ; the total of pre-tax impairment charge is $ -486 ( 486 ) ; the total of other ( c ) is $ -2 ( 2 ) ; the total of net goodwill at december 31 2011 is $ 1891 ;
Reasoning Steps:
Step: minus1-1(1891, 2383) = -492
Step: divide1-2(#0, 2383) = -21%
Program:
subtract(1891, 2383), divide(#0, 2383)
Program (Nested):
divide(subtract(1891, 2383), 2383)
| finqa32 |
from the data given , how many square feet have an expiry date in 2020?
Important information:
table_2: property: the 2601 research forest drive the woodlands texas of occupied square footage is 414000 ; the 2601 research forest drive the woodlands texas of lease expiration dates is 2020 ;
table_3: property: the 2300 discovery drive orlando florida of occupied square footage is 364000 ; the 2300 discovery drive orlando florida of lease expiration dates is 2020 ;
table_7: property: the 7201 hewitt associates drive charlotte north carolina of occupied square footage is 218000 ; the 7201 hewitt associates drive charlotte north carolina of lease expiration dates is 2015 ;
Reasoning Steps:
Step: add1-1(414000, 364000) = 778000
Program:
add(414000, 364000)
Program (Nested):
add(414000, 364000)
| 778000.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
performance and revenue growth depends , in part , on the reliability and functionality of this infrastructure as a means of delivering human resources services . the internet is a key mechanism for delivering our human resources services to our hr solutions clients efficiently and cost effectively . our clients may not be receptive to human resource services delivered over the internet due to concerns regarding transaction security , user privacy , the reliability and quality of internet service and other reasons . our clients 2019 concerns may be heightened by the fact we use the internet to transmit extremely confidential information about our clients and their employees , such as compensation , medical information and other personally identifiable information . in order to maintain the level of security , service and reliability that our clients require , we may be required to make significant investments in our online methods of delivering human resources services . in addition , websites and proprietary online services have experienced service interruptions and other delays occurring throughout their infrastructure . the adoption of additional laws or regulations with respect to the internet may impede the efficiency of the internet as a medium of exchange of information and decrease the demand for our services . if we cannot use the internet effectively to deliver our services , our revenue growth and results of operation may be impaired . we may lose client data as a result of major catastrophes and other similar problems that may materially adversely impact our operations . we have multiple processing centers around the world that use various commercial methods for disaster recovery capabilities . our main data processing center is located near the aon hewitt headquarters in lincolnshire , illinois . in the event of a disaster , our business continuity may not be sufficient , and the data recovered may not be sufficient for the administration of our clients 2019 human resources programs and processes . item 1b . unresolved staff comments . item 2 . properties . we have offices in various locations throughout the world . substantially all of our offices are located in leased premises . we maintain our corporate headquarters at 200 e . randolph street in chicago , illinois , where we occupy approximately 327000 square feet of space under an operating lease agreement that expires in 2013 . there are two five-year renewal options at current market rates . we own one building at pallbergweg 2-4 , amsterdam , the netherlands ( 150000 square feet ) . the following are additional significant leased properties , along with the occupied square footage and expiration. .
Table
property: | occupied square footage | lease expiration dates
4 overlook point and other locations lincolnshire illinois | 1279000 | 2014 - 2019
2601 research forest drive the woodlands texas | 414000 | 2020
2300 discovery drive orlando florida | 364000 | 2020
devonshire square and other locations london uk | 339000 | 2018 - 2028
199 water street new york new york | 337000 | 2018
1000 n . milwaukee avenue glenview illinois | 233000 | 2017
7201 hewitt associates drive charlotte north carolina | 218000 | 2015
7201 hewitt associates drive , charlotte , north carolina . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218000 2015 the locations in lincolnshire , illinois , the woodlands , texas , orlando , florida , and charlotte north carolina , each of which were acquired as part of the hewitt acquisition , are primarily dedicated to our hr solutions business . the other locations listed above house personnel from each of our business segments. .
Question:
from the data given , how many square feet have an expiry date in 2020?
Important information:
table_2: property: the 2601 research forest drive the woodlands texas of occupied square footage is 414000 ; the 2601 research forest drive the woodlands texas of lease expiration dates is 2020 ;
table_3: property: the 2300 discovery drive orlando florida of occupied square footage is 364000 ; the 2300 discovery drive orlando florida of lease expiration dates is 2020 ;
table_7: property: the 7201 hewitt associates drive charlotte north carolina of occupied square footage is 218000 ; the 7201 hewitt associates drive charlotte north carolina of lease expiration dates is 2015 ;
Reasoning Steps:
Step: add1-1(414000, 364000) = 778000
Program:
add(414000, 364000)
Program (Nested):
add(414000, 364000)
| finqa33 |
what was the difference in dollars of the high low sale price for the common stock in the fourth quarter of 2002?
Important information:
table_0: 2002 first quarter the 2002 first quarter of high $ 17.84 is high $ 17.84 ; the 2002 first quarter of low $ 4.11 is low $ 4.11 ; the 2002 first quarter of 2001 first quarter is 2001 first quarter ; the 2002 first quarter of high $ 60.15 is high $ 60.15 ; the 2002 first quarter of low $ 41.30 is low $ 41.30 ;
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_3: 2002 first quarter the fourth quarter of high $ 17.84 is 3.57 ; the fourth quarter of low $ 4.11 is 0.95 ; the fourth quarter of 2001 first quarter is fourth quarter ; the fourth quarter of high $ 60.15 is 17.80 ; the fourth quarter of low $ 41.30 is 11.60 ;
Reasoning Steps:
Step: minus1-1(3.57, 0.95) = 2.62
Program:
subtract(3.57, 0.95)
Program (Nested):
subtract(3.57, 0.95)
| 2.62 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 2014market for registrant 2019s common equity and related stockholder matters market information . the common stock of the company is currently traded on the new york stock exchange ( nyse ) under the symbol 2018 2018aes . 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated . price range of common stock .
Table
2002 first quarter | high $ 17.84 | low $ 4.11 | 2001 first quarter | high $ 60.15 | low $ 41.30
second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95
third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00
fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60
holders . as of march 3 , 2003 , there were 9663 record holders of the company 2019s common stock , par value $ 0.01 per share . dividends . under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate , the company is not allowed to pay cash dividends . in addition , the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met . the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans , governmental provisions and other agreements entered into by such project subsidiaries . securities authorized for issuance under equity compensation plans . see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1 , 2003 , which information is incorporated herein by reference. .
Question:
what was the difference in dollars of the high low sale price for the common stock in the fourth quarter of 2002?
Important information:
table_0: 2002 first quarter the 2002 first quarter of high $ 17.84 is high $ 17.84 ; the 2002 first quarter of low $ 4.11 is low $ 4.11 ; the 2002 first quarter of 2001 first quarter is 2001 first quarter ; the 2002 first quarter of high $ 60.15 is high $ 60.15 ; the 2002 first quarter of low $ 41.30 is low $ 41.30 ;
table_1: 2002 first quarter the second quarter of high $ 17.84 is 9.17 ; the second quarter of low $ 4.11 is 3.55 ; the second quarter of 2001 first quarter is second quarter ; the second quarter of high $ 60.15 is 52.25 ; the second quarter of low $ 41.30 is 39.95 ;
table_3: 2002 first quarter the fourth quarter of high $ 17.84 is 3.57 ; the fourth quarter of low $ 4.11 is 0.95 ; the fourth quarter of 2001 first quarter is fourth quarter ; the fourth quarter of high $ 60.15 is 17.80 ; the fourth quarter of low $ 41.30 is 11.60 ;
Reasoning Steps:
Step: minus1-1(3.57, 0.95) = 2.62
Program:
subtract(3.57, 0.95)
Program (Nested):
subtract(3.57, 0.95)
| finqa34 |
in 2010 what was the ratio of the statutory capital and surplus to the statutory net income
Important information:
table_1: ( in millions of u.s . dollars ) the statutory capital and surplus of bermuda subsidiaries 2010 is $ 11798 ; the statutory capital and surplus of bermuda subsidiaries 2009 is $ 9164 ; the statutory capital and surplus of bermuda subsidiaries 2008 is $ 6205 ; the statutory capital and surplus of bermuda subsidiaries 2010 is $ 6266 ; the statutory capital and surplus of bermuda subsidiaries 2009 is $ 5885 ; the statutory capital and surplus of 2008 is $ 5368 ;
table_2: ( in millions of u.s . dollars ) the statutory net income of bermuda subsidiaries 2010 is $ 2430 ; the statutory net income of bermuda subsidiaries 2009 is $ 2369 ; the statutory net income of bermuda subsidiaries 2008 is $ 2196 ; the statutory net income of bermuda subsidiaries 2010 is $ 1047 ; the statutory net income of bermuda subsidiaries 2009 is $ 904 ; the statutory net income of 2008 is $ 818 ;
text_23: subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 206 million , $ 215 million , and $ 211 million at december 31 , 2010 , 2009 , and 2008 , respectively .
Reasoning Steps:
Step: divide2-1(11798, 2430) = 4.9
Program:
divide(11798, 2430)
Program (Nested):
divide(11798, 2430)
| 4.85514 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
n o t e s t o t h e 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 2013 ( continued ) ace limited and subsidiaries excluded from adjusted weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective years . for the years ended december 31 , 2010 , 2009 , and 2008 , the potential anti-dilutive share conversions were 256868 shares , 1230881 shares , and 638401 shares , respectively . 19 . related party transactions the ace foundation 2013 bermuda is an unconsolidated not-for-profit organization whose primary purpose is to fund charitable causes in bermuda . the trustees are principally comprised of ace management . the company maintains a non-interest bear- ing demand note receivable from the ace foundation 2013 bermuda , the balance of which was $ 30 million and $ 31 million , at december 31 , 2010 and 2009 , respectively . the receivable is included in other assets in the accompanying consolidated balance sheets . the borrower has used the related proceeds to finance investments in bermuda real estate , some of which have been rented to ace employees at rates established by independent , professional real estate appraisers . the borrower uses income from the investments to both repay the note and to fund charitable activities . accordingly , the company reports the demand note at the lower of its principal value or the fair value of assets held by the borrower to repay the loan , including the real estate properties . 20 . statutory financial information the company 2019s insurance and reinsurance subsidiaries are subject to insurance laws and regulations in the jurisdictions in which they operate . these regulations include restrictions that limit the amount of dividends or other distributions , such as loans or cash advances , available to shareholders without prior approval of the insurance regulatory authorities . there are no statutory restrictions on the payment of dividends from retained earnings by any of the bermuda subsidiaries as the minimum statutory capital and surplus requirements are satisfied by the share capital and additional paid-in capital of each of the bermuda subsidiaries . the company 2019s u.s . subsidiaries file financial statements prepared in accordance with statutory accounting practices prescribed or permitted by insurance regulators . statutory accounting differs from gaap in the reporting of certain reinsurance contracts , investments , subsidiaries , acquis- ition expenses , fixed assets , deferred income taxes , and certain other items . the statutory capital and surplus of the u.s . subsidiaries met regulatory requirements for 2010 , 2009 , and 2008 . the amount of dividends available to be paid in 2011 , without prior approval from the state insurance departments , totals $ 850 million . the following table presents the combined statutory capital and surplus and statutory net income of the bermuda and u.s . subsidiaries at and for the years ended december 31 , 2010 , 2009 , and 2008. .
Table
( in millions of u.s . dollars ) | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | bermuda subsidiaries 2008 | bermuda subsidiaries 2010 | bermuda subsidiaries 2009 | 2008
statutory capital and surplus | $ 11798 | $ 9164 | $ 6205 | $ 6266 | $ 5885 | $ 5368
statutory net income | $ 2430 | $ 2369 | $ 2196 | $ 1047 | $ 904 | $ 818
as permitted by the restructuring discussed previously in note 7 , certain of the company 2019s u.s . subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 206 million , $ 215 million , and $ 211 million at december 31 , 2010 , 2009 , and 2008 , respectively . the company 2019s international subsidiaries prepare statutory financial statements based on local laws and regulations . some jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements . in some countries , the company must obtain licenses issued by governmental authorities to conduct local insurance business . these licenses may be subject to reserves and minimum capital and solvency tests . jurisdictions may impose fines , censure , and/or criminal sanctions for violation of regulatory requirements. .
Question:
in 2010 what was the ratio of the statutory capital and surplus to the statutory net income
Important information:
table_1: ( in millions of u.s . dollars ) the statutory capital and surplus of bermuda subsidiaries 2010 is $ 11798 ; the statutory capital and surplus of bermuda subsidiaries 2009 is $ 9164 ; the statutory capital and surplus of bermuda subsidiaries 2008 is $ 6205 ; the statutory capital and surplus of bermuda subsidiaries 2010 is $ 6266 ; the statutory capital and surplus of bermuda subsidiaries 2009 is $ 5885 ; the statutory capital and surplus of 2008 is $ 5368 ;
table_2: ( in millions of u.s . dollars ) the statutory net income of bermuda subsidiaries 2010 is $ 2430 ; the statutory net income of bermuda subsidiaries 2009 is $ 2369 ; the statutory net income of bermuda subsidiaries 2008 is $ 2196 ; the statutory net income of bermuda subsidiaries 2010 is $ 1047 ; the statutory net income of bermuda subsidiaries 2009 is $ 904 ; the statutory net income of 2008 is $ 818 ;
text_23: subsidiaries discount certain a&e liabilities , which increased statutory capital and surplus by approximately $ 206 million , $ 215 million , and $ 211 million at december 31 , 2010 , 2009 , and 2008 , respectively .
Reasoning Steps:
Step: divide2-1(11798, 2430) = 4.9
Program:
divide(11798, 2430)
Program (Nested):
divide(11798, 2430)
| finqa35 |
what is the percentage change in total debt from 2014 to 2015?
Important information:
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_35: 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. .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: minus1-1(28.5, 29.5) = 1
Step: divide1-2(#0, 29.5) = 3.4%
Program:
subtract(28.5, 29.5), divide(#0, 29.5)
Program (Nested):
divide(subtract(28.5, 29.5), 29.5)
| -0.0339 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
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. .
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
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. .
Question:
what is the percentage change in total debt from 2014 to 2015?
Important information:
text_20: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
text_35: 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. .
text_56: debt 2013 our total debt was $ 28.5 billion at december 31 , 2015 , and $ 29.5 billion at december 31 , 2014 .
Reasoning Steps:
Step: minus1-1(28.5, 29.5) = 1
Step: divide1-2(#0, 29.5) = 3.4%
Program:
subtract(28.5, 29.5), divide(#0, 29.5)
Program (Nested):
divide(subtract(28.5, 29.5), 29.5)
| finqa36 |
what was the total return percentage for e*trade financial corporation for the five years ended 12/14?
Important information:
text_0: the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2009 through december 31 , 2014. .
table_1: the e*trade financial corporation of 12/09 is 100.00 ; the e*trade financial corporation of 12/10 is 90.91 ; the e*trade financial corporation of 12/11 is 45.23 ; the e*trade financial corporation of 12/12 is 50.85 ; the e*trade financial corporation of 12/13 is 111.59 ; the e*trade financial corporation of 12/14 is 137.81 ;
table_2: the s&p 500 index of 12/09 is 100.00 ; the s&p 500 index of 12/10 is 115.06 ; the s&p 500 index of 12/11 is 117.49 ; the s&p 500 index of 12/12 is 136.30 ; the s&p 500 index of 12/13 is 180.44 ; the s&p 500 index of 12/14 is 205.14 ;
Reasoning Steps:
Step: minus1-1(137.81, const_100) = 37.81
Step: divide1-2(#0, const_100) = 37.81%
Program:
subtract(137.81, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(137.81, const_100), const_100)
| 0.3781 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2009 through december 31 , 2014. .
Table
| 12/09 | 12/10 | 12/11 | 12/12 | 12/13 | 12/14
e*trade financial corporation | 100.00 | 90.91 | 45.23 | 50.85 | 111.59 | 137.81
s&p 500 index | 100.00 | 115.06 | 117.49 | 136.30 | 180.44 | 205.14
dow jones us financials index | 100.00 | 112.72 | 98.24 | 124.62 | 167.26 | 191.67
table of contents .
Question:
what was the total return percentage for e*trade financial corporation for the five years ended 12/14?
Important information:
text_0: the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor ( "s&p" ) 500 index and the dow jones us financials index during the period from december 31 , 2009 through december 31 , 2014. .
table_1: the e*trade financial corporation of 12/09 is 100.00 ; the e*trade financial corporation of 12/10 is 90.91 ; the e*trade financial corporation of 12/11 is 45.23 ; the e*trade financial corporation of 12/12 is 50.85 ; the e*trade financial corporation of 12/13 is 111.59 ; the e*trade financial corporation of 12/14 is 137.81 ;
table_2: the s&p 500 index of 12/09 is 100.00 ; the s&p 500 index of 12/10 is 115.06 ; the s&p 500 index of 12/11 is 117.49 ; the s&p 500 index of 12/12 is 136.30 ; the s&p 500 index of 12/13 is 180.44 ; the s&p 500 index of 12/14 is 205.14 ;
Reasoning Steps:
Step: minus1-1(137.81, const_100) = 37.81
Step: divide1-2(#0, const_100) = 37.81%
Program:
subtract(137.81, const_100), divide(#0, const_100)
Program (Nested):
divide(subtract(137.81, const_100), const_100)
| finqa37 |
what was the difference in operating profit for the americas as a percentage of net sales between 2001 and 2003?
Important information:
text_3: in the fourth quarter , the company reported operating profit as a percent of net sales of percent of net sales 47.1 percent for asia pacific. .
table_1: year ended december 31, the americas of 2003 is 51.2% ( 51.2 % ) ; the americas of 2002 is 48.3% ( 48.3 % ) ; the americas of 2001 is 47.4% ( 47.4 % ) ;
text_4: operating profit for the americas as a percentage of net sales increased to 48.3 percent in 2002 from 47.4 percent in year ended december 31 , 2003 2001 , reflecting improved gross profit margins due to higher compared to year ended december 31 , 2002 average selling prices and increased sales of higher margin operating profit for the americas as a percentage of net products , and lower selling expenses as a percent of sales sales increased due to improved gross margins driven by due to lower costs associated with the u.s .
Reasoning Steps:
Step: minus1-1(51.2, 47.4) = 3.8
Program:
subtract(51.2, 47.4)
Program (Nested):
subtract(51.2, 47.4)
| 3.8 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k the following table sets forth the operating profit margin by cost of products sold . included in cost of product sold are segment for the years ended december 31 , 2003 , losses on foreign exchange hedge contracts , which increased 2002 and 2001 : in 2003 relative to 2002 . in the fourth quarter , the company reported operating profit as a percent of net sales of percent of net sales 47.1 percent for asia pacific. .
Table
year ended december 31, | 2003 | 2002 | 2001
americas | 51.2% ( 51.2 % ) | 48.3% ( 48.3 % ) | 47.4% ( 47.4 % )
europe | 26.3 | 24.4 | 19.5
asia pacific | 45.3 | 46.1 | 45.4
operating profit for the americas as a percentage of net sales increased to 48.3 percent in 2002 from 47.4 percent in year ended december 31 , 2003 2001 , reflecting improved gross profit margins due to higher compared to year ended december 31 , 2002 average selling prices and increased sales of higher margin operating profit for the americas as a percentage of net products , and lower selling expenses as a percent of sales sales increased due to improved gross margins driven by due to lower costs associated with the u.s . distributor higher average selling prices and increased sales of higher network . the americas continued to invest in strategic margin products , leveraged operating expenses and the initiatives such as mis technologies , field sales personnel , favorable impact of the change in accounting principle for medical education programs and new product launches . instruments . the change in accounting principle for operating profit for asia pacific as a percentage of net instruments increased operating profit by 1.7 percentage sales increased to 46.1 percent in 2002 from 45.4 percent points . with respect to sales growth , increased zimmer in 2001 . this increase reflects lower selling , general and standalone average selling prices of 4 percent in 2003 and administrative expenses as a percent of sales in japan as favorable effects of volume and mix , 15 percent increase in a result of a sales force and dealer reorganization , partially 2003 , represent the most significant factors in improved offset by lower gross profit margins as a result of lower yen operating profit in the americas . as reconstructive implant hedge gains compared to 2001 . sales grow at a higher rate than trauma and orthopaedic operating profit for europe as a percentage of net sales surgical products , operating profit margins generally tend to increased to 24.4 percent in 2002 from 19.5 percent in 2001 , improve since reconstructive product sales generally earn due to improved gross profit margins as a result of higher higher gross margins . this was the case in 2003 , with zimmer average selling prices and favorable product and country mix , standalone reconstructive implant sales growth of 22 percent the leveraging of sales growth in europe on controlled as compared with total zimmer standalone sales growth of increases in operating expenses and improved efficiency 19 percent . in the fourth quarter , the company reported in the utilization of instruments ( more frequent use of operating profit as a percent of net sales of 50.4 percent for instruments resulted in fewer placements and less expense ) . the americas . operating profit for europe as a percentage of net sales liquidity and capital resources increased due to improved gross profit margins driven by cash flows provided by operations were $ 494.8 million higher zimmer standalone average selling prices and in 2003 , compared with $ 220.2 million in 2002 . the principal favorable product and country mix , leveraged operating source of cash was net earnings before cumulative effect of expenses and the favorable impact of the change in change in accounting principle of $ 291.2 million . non-cash accounting principle for instruments . the change in expenses for the period included depreciation and accounting for instruments increased operating profit by amortization expense of $ 103.3 million , centerpulse inventory 1.4 percentage points . increases in zimmer standalone step-up of $ 42.7 million and centerpulse in-process research average selling prices in europe of 2 percent in 2003 and the and development write-offs of $ 11.2 million . working capital effect of volume and mix , 19 percent increase in 2003 , were management , together with the collection of $ 20.0 million of the key factors in improved operating profit . also cash related to centerpulse tax loss carryforwards , contributing to the improvement was significantly lower contributed $ 80.4 million to operating cash flow . growth in operating expenses . in the fourth quarter , the working capital continues to be a key management focus . company reported operating profit as a percent of net sales at december 31 , 2003 , the company had 62 days of sales of 24.7 percent for europe . outstanding in accounts receivable , unfavorable to the prior operating profit for asia pacific as a percentage of year by 10 days . acquired centerpulse businesses had a net sales decreased primarily due to less favorable rates on negative impact of 10 days , due to centerpulse 2019s business hedge contracts during the year compared to the prior year , mix which has a greater proportion of european revenue with partially offset by increased zimmer standalone average payment terms generally longer than those in the u.s . at selling prices and leveraged operating expenses . the change december 31 , 2003 , the company had 232 days of inventory in accounting for instruments had an immaterial effect on on hand compared to 247 days reported at the end of 2002 . operating profit for asia pacific . increases in zimmer the reduction was principally due to improved inventory standalone average selling prices in asia pacific of 1 percent management and the acquired dental and spinal businesses and volume and mix improvements of 4 percent in 2003 carrying fewer days of inventory . contributed modest improvement but was offset by higher .
Question:
what was the difference in operating profit for the americas as a percentage of net sales between 2001 and 2003?
Important information:
text_3: in the fourth quarter , the company reported operating profit as a percent of net sales of percent of net sales 47.1 percent for asia pacific. .
table_1: year ended december 31, the americas of 2003 is 51.2% ( 51.2 % ) ; the americas of 2002 is 48.3% ( 48.3 % ) ; the americas of 2001 is 47.4% ( 47.4 % ) ;
text_4: operating profit for the americas as a percentage of net sales increased to 48.3 percent in 2002 from 47.4 percent in year ended december 31 , 2003 2001 , reflecting improved gross profit margins due to higher compared to year ended december 31 , 2002 average selling prices and increased sales of higher margin operating profit for the americas as a percentage of net products , and lower selling expenses as a percent of sales sales increased due to improved gross margins driven by due to lower costs associated with the u.s .
Reasoning Steps:
Step: minus1-1(51.2, 47.4) = 3.8
Program:
subtract(51.2, 47.4)
Program (Nested):
subtract(51.2, 47.4)
| finqa38 |
what was the change in amount of long term debt between 2014 and 2012?
Important information:
table_2: the property plant and equipment net of 2014 is $ 20624 ; the property plant and equipment net of 2013 is $ 16597 ; the property plant and equipment net of 2012 is $ 15452 ;
table_3: the long-term debt of 2014 is $ 28987 ; the long-term debt of 2013 is $ 16960 ; the long-term debt of 2012 is $ 0 ;
table_5: the cash generated by operating activities of 2014 is $ 59713 ; the cash generated by operating activities of 2013 is $ 53666 ; the cash generated by operating activities of 2012 is $ 50856 ;
Reasoning Steps:
Step: minus2-1(28987, 0) = 28987
Program:
subtract(28987, 0)
Program (Nested):
subtract(28987, 0)
| 28987.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
table of contents liquidity and capital resources the following table presents selected financial information and statistics as of and for the years ended september 27 , 2014 , september 28 , 2013 and september 29 , 2012 ( in millions ) : the company believes its existing balances of cash , cash equivalents and marketable securities will be sufficient to satisfy its working capital needs , capital asset purchases , outstanding commitments and other liquidity requirements associated with its existing operations over the next 12 months . to provide additional flexibility in managing liquidity , the company began accessing the commercial paper markets in the third quarter of 2014 . the company currently anticipates the cash used for future dividends and the share repurchase program will come from its current domestic cash , cash generated from on-going u.s . operating activities and from borrowings . as of september 27 , 2014 and september 28 , 2013 , $ 137.1 billion and $ 111.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . the company 2019s marketable securities investment portfolio is invested primarily in highly-rated securities and its investment policy generally limits the amount of credit exposure to any one issuer . the policy requires investments generally to be investment grade with the objective of minimizing the potential risk of principal loss . during 2014 , cash generated from operating activities of $ 59.7 billion was a result of $ 39.5 billion of net income , non-cash adjustments to net income of $ 13.2 billion and an increase in net change in operating assets and liabilities of $ 7.0 billion . cash used in investing activities of $ 22.6 billion during 2014 consisted primarily of cash used for purchases of marketable securities , net of sales and maturities , of $ 9.0 billion ; cash used to acquire property , plant and equipment of $ 9.6 billion ; and cash paid for business acquisitions , net of cash acquired , of $ 3.8 billion . cash used in financing activities of $ 37.5 billion during 2014 consisted primarily of cash used to repurchase common stock of $ 45.0 billion and cash used to pay dividends and dividend equivalents of $ 11.1 billion , partially offset by net proceeds from the issuance of long-term debt and commercial paper of $ 12.0 billion and $ 6.3 billion , respectively . during 2013 , cash generated from operating activities of $ 53.7 billion was a result of $ 37.0 billion of net income , non-cash adjustments to net income of $ 10.2 billion and an increase in net change in operating assets and liabilities of $ 6.5 billion . cash used in investing activities of $ 33.8 billion during 2013 consisted primarily of cash used for purchases of marketable securities , net of sales and maturities , of $ 24.0 billion and cash used to acquire property , plant and equipment of $ 8.2 billion . cash used in financing activities of $ 16.4 billion during 2013 consisted primarily of cash used to repurchase common stock of $ 22.9 billion and cash used to pay dividends and dividend equivalents of $ 10.6 billion , partially offset by net proceeds from the issuance of long-term debt of $ 16.9 billion . apple inc . | 2014 form 10-k | 35 .
Table
| 2014 | 2013 | 2012
cash cash equivalents and marketable securities | $ 155239 | $ 146761 | $ 121251
property plant and equipment net | $ 20624 | $ 16597 | $ 15452
long-term debt | $ 28987 | $ 16960 | $ 0
working capital | $ 5083 | $ 29628 | $ 19111
cash generated by operating activities | $ 59713 | $ 53666 | $ 50856
cash used in investing activities | $ -22579 ( 22579 ) | $ -33774 ( 33774 ) | $ -48227 ( 48227 )
cash used in financing activities | $ -37549 ( 37549 ) | $ -16379 ( 16379 ) | $ -1698 ( 1698 )
.
Question:
what was the change in amount of long term debt between 2014 and 2012?
Important information:
table_2: the property plant and equipment net of 2014 is $ 20624 ; the property plant and equipment net of 2013 is $ 16597 ; the property plant and equipment net of 2012 is $ 15452 ;
table_3: the long-term debt of 2014 is $ 28987 ; the long-term debt of 2013 is $ 16960 ; the long-term debt of 2012 is $ 0 ;
table_5: the cash generated by operating activities of 2014 is $ 59713 ; the cash generated by operating activities of 2013 is $ 53666 ; the cash generated by operating activities of 2012 is $ 50856 ;
Reasoning Steps:
Step: minus2-1(28987, 0) = 28987
Program:
subtract(28987, 0)
Program (Nested):
subtract(28987, 0)
| finqa39 |
what amount of long-term debt due in the next 36 months as of december 31 , 2003 , in millions?
Important information:
table_2: the 2005 of ( in thousands ) is $ 462420 ;
table_4: the 2007 of ( in thousands ) is $ 624539 ;
table_5: the 2008 of ( in thousands ) is $ 941625 ;
Reasoning Steps:
Step: add2-1(503215, 462420) = 965635
Step: add2-2(#0, 75896) = 1041531
Step: divide2-3(#1, const_1000) = 1041.5
Program:
add(503215, 462420), add(#0, 75896), divide(#1, const_1000)
Program (Nested):
divide(add(add(503215, 462420), 75896), const_1000)
| 1041.531 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation notes to consolidated financial statements ( a ) consists of pollution control revenue bonds and environmental revenue bonds , certain series of which are secured by non-interest bearing first mortgage bonds . ( b ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2005 and can then be remarketed . ( c ) the bonds are subject to mandatory tender for purchase from the holders at 100% ( 100 % ) of the principal amount outstanding on september 1 , 2004 and can then be remarketed . ( d ) the bonds had a mandatory tender date of october 1 , 2003 . entergy louisiana purchased the bonds from the holders , pursuant to the mandatory tender provision , and has not remarketed the bonds at this time . entergy louisiana used a combination of cash on hand and short-term borrowing to buy-in the bonds . ( 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 can then be remarketed . ( g ) 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 ( h ) 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 ) for debt outstanding as of december 31 , 2003 , for the next five years are as follows: .
Table
| ( in thousands )
2004 | $ 503215
2005 | $ 462420
2006 | $ 75896
2007 | $ 624539
2008 | $ 941625
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 , 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 domestic utility 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 domestic utility companies default on other indebtedness or are in bankruptcy or insolvency proceedings , an acceleration of the notes' maturity dates may occur. .
Question:
what amount of long-term debt due in the next 36 months as of december 31 , 2003 , in millions?
Important information:
table_2: the 2005 of ( in thousands ) is $ 462420 ;
table_4: the 2007 of ( in thousands ) is $ 624539 ;
table_5: the 2008 of ( in thousands ) is $ 941625 ;
Reasoning Steps:
Step: add2-1(503215, 462420) = 965635
Step: add2-2(#0, 75896) = 1041531
Step: divide2-3(#1, const_1000) = 1041.5
Program:
add(503215, 462420), add(#0, 75896), divide(#1, const_1000)
Program (Nested):
divide(add(add(503215, 462420), 75896), const_1000)
| finqa40 |
what is the growth rate in operating profit for space systems in 2011?
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus2-1(1063, 1030) = 33
Step: divide2-2(#0, 1030) = 3.2%
Program:
subtract(1063, 1030), divide(#0, 1030)
Program (Nested):
divide(subtract(1063, 1030), 1030)
| 0.03204 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
2011 compared to 2010 mst 2019s net sales for 2011 decreased $ 311 million , or 4% ( 4 % ) , compared to 2010 . the decrease was attributable to decreased volume of approximately $ 390 million for certain ship and aviation system programs ( primarily maritime patrol aircraft and ptds ) and approximately $ 75 million for training and logistics solutions programs . partially offsetting these decreases was higher sales of about $ 165 million from production on the lcs program . mst 2019s operating profit for 2011 decreased $ 68 million , or 10% ( 10 % ) , compared to 2010 . the decrease was attributable to decreased operating profit of approximately $ 55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs ( including the terminated presidential helicopter program ) and approximately $ 40 million due to lower volume and increased reserves on training and logistics solutions . partially offsetting these decreases was higher operating profit of approximately $ 30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010 . adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 55 million lower in 2011 compared to 2010 . backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs ( primarily mh-60 and lcs ) , partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs ( primarily aegis ) . backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs . trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs . operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance . space systems our space systems business segment is engaged in the research and development , design , engineering , and production of satellites , strategic and defensive missile systems , and space transportation systems . space systems is also responsible for various classified systems and services in support of vital national security systems . space systems 2019 major programs include the space-based infrared system ( sbirs ) , advanced extremely high frequency ( aehf ) system , mobile user objective system ( muos ) , global positioning satellite ( gps ) iii system , geostationary operational environmental satellite r-series ( goes-r ) , trident ii d5 fleet ballistic missile , and orion . operating results for our space systems business segment include our equity interests in united launch alliance ( ula ) , which provides expendable launch services for the u.s . government , united space alliance ( usa ) , which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011 , and a joint venture that manages the u.k . 2019s atomic weapons establishment program . space systems 2019 operating results included the following ( in millions ) : .
Table
| 2012 | 2011 | 2010
net sales | $ 8347 | $ 8161 | $ 8268
operating profit | 1083 | 1063 | 1030
operating margins | 13.0% ( 13.0 % ) | 13.0% ( 13.0 % ) | 12.5% ( 12.5 % )
backlog at year-end | 18100 | 16000 | 17800
2012 compared to 2011 space systems 2019 net sales for 2012 increased $ 186 million , or 2% ( 2 % ) , compared to 2011 . the increase was attributable to higher net sales of approximately $ 150 million due to increased commercial satellite deliveries ( two commercial satellites delivered in 2012 compared to one during 2011 ) ; about $ 125 million from the orion program due to higher volume and an increase in risk retirements ; and approximately $ 70 million from increased volume on various strategic and defensive missile programs . partially offsetting the increases were lower net sales of approximately $ 105 million from certain government satellite programs ( primarily sbirs and muos ) as a result of decreased volume and a decline in risk retirements ; and about $ 55 million from the nasa external tank program , which ended in connection with the completion of the space shuttle program in 2011. .
Question:
what is the growth rate in operating profit for space systems in 2011?
Important information:
table_1: the net sales of 2012 is $ 8347 ; the net sales of 2011 is $ 8161 ; the net sales of 2010 is $ 8268 ;
table_2: the operating profit of 2012 is 1083 ; the operating profit of 2011 is 1063 ; the operating profit of 2010 is 1030 ;
table_3: the operating margins of 2012 is 13.0% ( 13.0 % ) ; the operating margins of 2011 is 13.0% ( 13.0 % ) ; the operating margins of 2010 is 12.5% ( 12.5 % ) ;
Reasoning Steps:
Step: minus2-1(1063, 1030) = 33
Step: divide2-2(#0, 1030) = 3.2%
Program:
subtract(1063, 1030), divide(#0, 1030)
Program (Nested):
divide(subtract(1063, 1030), 1030)
| finqa41 |
what was the percentage growth in the operating profit as reported from 2017 to 2018
Important information:
table_1: the operating profit as reported of 2018 is $ 1211 ; the operating profit as reported of 2017 is $ 1194 ; the operating profit as reported of 2016 is $ 1087 ;
table_4: the operating profit as adjusted of 2018 is $ 1265 ; the operating profit as adjusted of 2017 is $ 1198 ; the operating profit as adjusted of 2016 is $ 1109 ;
table_5: the operating profit margins as reported of 2018 is 14.5% ( 14.5 % ) ; the operating profit margins as reported of 2017 is 15.6% ( 15.6 % ) ; the operating profit margins as reported of 2016 is 14.8% ( 14.8 % ) ;
Reasoning Steps:
Step: minus1-1(1211, 1194) = 17
Step: divide1-2(#0, 1194) = 1.4%
Program:
subtract(1211, 1194), divide(#0, 1194)
Program (Nested):
divide(subtract(1211, 1194), 1194)
| 0.01424 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by two percent . net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware . net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products . net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products . our gross profit margins were 32.2 percent , 34.2 percent and 33.4 percent in 2018 , 2017 and 2016 , respectively . the 2018 gross profit margin was negatively impacted by an increase in commodity costs , the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler , an increase in other expenses ( such as logistics costs and salaries ) and unfavorable sales mix . these negative impacts were partially offset by an increase in net selling prices , the benefits associated with cost savings initiatives , and increased sales volume . the 2017 gross profit margin was positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives . selling , general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016 . the decrease in selling , general and administrative expenses , as a percentage of sales , was driven by leverage of fixed expenses , due primarily to increased sales volume , and improved cost control . the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: .
Table
| 2018 | 2017 | 2016
operating profit as reported | $ 1211 | $ 1194 | $ 1087
rationalization charges | 14 | 4 | 22
kichler inventory step up adjustment | 40 | 2014 | 2014
operating profit as adjusted | $ 1265 | $ 1198 | $ 1109
operating profit margins as reported | 14.5% ( 14.5 % ) | 15.6% ( 15.6 % ) | 14.8% ( 14.8 % )
operating profit margins as adjusted | 15.1% ( 15.1 % ) | 15.7% ( 15.7 % ) | 15.1% ( 15.1 % )
operating profit margin in 2018 was negatively affected by an increase in commodity costs , the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler and an increase in other expenses ( such as logistics costs , salaries and erp costs ) . these negative impacts were partially offset by increased net selling prices , benefits associated with cost savings initiatives and increased sales volume . operating profit margin in 2017 was positively impacted by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs . operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count . due to the recently-announced increase in tariffs on imported materials from china , and assuming tariffs rise to 25 percent in 2019 , we could be exposed to approximately $ 150 million of potential annual direct cost increases . we will work to mitigate the impact of these tariffs through a combination of price increases , supplier negotiations , supply chain repositioning and other internal productivity measures . other income ( expense ) , net other , net , for 2018 included $ 14 million of net periodic pension and post-retirement benefit cost and $ 8 million of realized foreign currency losses . these expenses were partially offset by $ 3 million of earnings related to equity method investments and $ 1 million related to distributions from private equity funds . other , net , for 2017 included $ 26 million related to periodic pension and post-retirement benefit costs , $ 13 million net loss related to the divestitures of moores and arrow and $ 2 million related to the impairment of a private equity fund , partially offset by $ 3 million related to distributions from private equity funds and $ 1 million of earnings related to equity method investments. .
Question:
what was the percentage growth in the operating profit as reported from 2017 to 2018
Important information:
table_1: the operating profit as reported of 2018 is $ 1211 ; the operating profit as reported of 2017 is $ 1194 ; the operating profit as reported of 2016 is $ 1087 ;
table_4: the operating profit as adjusted of 2018 is $ 1265 ; the operating profit as adjusted of 2017 is $ 1198 ; the operating profit as adjusted of 2016 is $ 1109 ;
table_5: the operating profit margins as reported of 2018 is 14.5% ( 14.5 % ) ; the operating profit margins as reported of 2017 is 15.6% ( 15.6 % ) ; the operating profit margins as reported of 2016 is 14.8% ( 14.8 % ) ;
Reasoning Steps:
Step: minus1-1(1211, 1194) = 17
Step: divide1-2(#0, 1194) = 1.4%
Program:
subtract(1211, 1194), divide(#0, 1194)
Program (Nested):
divide(subtract(1211, 1194), 1194)
| finqa42 |
what was the change in the percentage of sales to restaurants from 2018 to 2019?
Important information:
text_0: sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows: .
table_1: type of customer the restaurants of 2019 is 62% ( 62 % ) ; the restaurants of 2018 is 62% ( 62 % ) ; the restaurants of 2017 is 61% ( 61 % ) ;
text_8: we administer a consolidated product procurement program designed to develop , obtain and ensure consistent quality food and non-food products .
Reasoning Steps:
Step: minus2-1(62%, 62%) = 0%
Program:
subtract(62%, 62%)
Program (Nested):
subtract(62%, 62%)
| 0.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows: .
Table
type of customer | 2019 | 2018 | 2017
restaurants | 62% ( 62 % ) | 62% ( 62 % ) | 61% ( 61 % )
education government | 9 | 8 | 9
travel leisure retail | 9 | 8 | 9
healthcare | 8 | 9 | 9
other ( 1 ) | 12 | 13 | 12
totals | 100% ( 100 % ) | 100% ( 100 % ) | 100% ( 100 % )
( 1 ) other includes cafeterias that are not stand-alone restaurants , bakeries , caterers , churches , civic and fraternal organizations , vending distributors , other distributors and international exports . none of these types of customers , as a group , exceeded 5% ( 5 % ) of total sales in any of the years for which information is presented . sources of supply we purchase from thousands of suppliers , both domestic and international , none of which individually accounts for more than 10% ( 10 % ) of our purchases . these suppliers consist generally of large corporations selling brand name and private label merchandise , as well as independent regional brand and private label processors and packers . we also provide specialty and seasonal products from small to mid-sized producers to meet a growing demand for locally sourced products . our locally sourced products , including produce , meats , cheese and other products , help differentiate our customers 2019 offerings , satisfy demands for new products , and support local communities . purchasing is generally carried out through both centrally developed purchasing programs , domestically and internationally , and direct purchasing programs established by our various operating companies . we administer a consolidated product procurement program designed to develop , obtain and ensure consistent quality food and non-food products . the program covers the purchasing and marketing of branded merchandise , as well as products from a number of national brand suppliers , encompassing substantially all product lines . some of our products are purchased internationally within global procurement centers in order to build strategic relationships with international suppliers and to optimize our supply chain network . sysco 2019s operating companies purchase product from the suppliers participating in these consolidated programs and from other suppliers , although sysco brand products are only available to the operating companies through these consolidated programs . we also focus on increasing profitability by lowering operating costs and by lowering aggregate inventory levels , which reduces future facility expansion needs at our broadline operating companies , while providing greater value to our suppliers and customers . working capital practices our growth is funded through a combination of cash flow from operations , commercial paper issuances and long-term borrowings . see the discussion in item 7 201cmanagement 2019s discussion and analysis of financial condition and results of operations - liquidity and capital resources 201d regarding our liquidity , financial position and sources and uses of funds . we extend credit terms to our customers that can vary from cash on delivery to 30 days or more based on our assessment of each customer 2019s credit worthiness . we monitor each customer 2019s account and will suspend shipments if necessary . a majority of our sales orders are filled within 24 hours of when customer orders are placed . we generally maintain inventory on hand to be able to meet customer demand . the level of inventory on hand will vary by product depending on shelf-life , supplier order fulfillment lead times and customer demand . we also make purchases of additional volumes of certain products based on supply or pricing opportunities . we take advantage of suppliers 2019 cash discounts where appropriate and otherwise generally receive payment terms from our suppliers ranging from weekly to 45 days or more . corporate headquarters and shared services center our corporate staff makes available a number of services to our operating companies and our shared services center performs support services for employees , suppliers and customers . members of these groups possess experience and expertise in , among other areas , customer and vendor contract administration , accounting and finance , treasury , legal , information technology , payroll and employee benefits , risk management and insurance , sales and marketing , merchandising , inbound logistics , human resources , strategy and tax compliance services . the corporate office also makes available supply chain expertise , such as in warehousing and distribution services , which provide assistance in operational best practices , including space utilization , energy conservation , fleet management and work flow. .
Question:
what was the change in the percentage of sales to restaurants from 2018 to 2019?
Important information:
text_0: sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows: .
table_1: type of customer the restaurants of 2019 is 62% ( 62 % ) ; the restaurants of 2018 is 62% ( 62 % ) ; the restaurants of 2017 is 61% ( 61 % ) ;
text_8: we administer a consolidated product procurement program designed to develop , obtain and ensure consistent quality food and non-food products .
Reasoning Steps:
Step: minus2-1(62%, 62%) = 0%
Program:
subtract(62%, 62%)
Program (Nested):
subtract(62%, 62%)
| finqa43 |
what are the annual other sinking fund requirements as a percentage of annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding in 2007?
Important information:
text_6: 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 ) : .
table_4: 2003 the 2007 of $ 1150786 is $ 475288 ;
text_7: 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 .
Reasoning Steps:
Step: multiply2-1(30.2, const_1000) = 30200
Step: divide2-2(#0, 475288) = 6.35%
Program:
multiply(30.2, const_1000), divide(#0, 475288)
Program (Nested):
divide(multiply(30.2, const_1000), 475288)
| 0.06354 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
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 ) : .
Table
2003 | $ 1150786
2004 | $ 925005
2005 | $ 540372
2006 | $ 139952
2007 | $ 475288
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. .
Question:
what are the annual other sinking fund requirements as a percentage of annual long-term debt maturities ( excluding lease obligations ) and annual cash sinking fund requirements for debt outstanding in 2007?
Important information:
text_6: 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 ) : .
table_4: 2003 the 2007 of $ 1150786 is $ 475288 ;
text_7: 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 .
Reasoning Steps:
Step: multiply2-1(30.2, const_1000) = 30200
Step: divide2-2(#0, 475288) = 6.35%
Program:
multiply(30.2, const_1000), divide(#0, 475288)
Program (Nested):
divide(multiply(30.2, const_1000), 475288)
| finqa44 |
what percent increase did inventories receive between 2002 and 2003?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
text_12: share .
table_4: the inventories net of 2003 is $ 527.7 ; the inventories net of 2002 is $ 257.6 ;
Reasoning Steps:
Step: divide1-1(527.7, 257.6) = 2.0485
Step: minus1-2(#0, const_1) = 1.0485
Program:
divide(527.7, 257.6), subtract(#0, const_1)
Program (Nested):
subtract(divide(527.7, 257.6), const_1)
| 1.04852 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
z i m m e r h o l d i n g s , i n c . a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements ( continued ) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $ 90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable . an impairment loss litigation , $ 54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s . federal net relating to the asset are less than its carrying amount . operating loss for 5 years versus 10 years , which resulted in depreciation of instruments is recognized as selling , general more losses being carried forward to future years and less and administrative expense , consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1 , 2003 . period and an $ 8.0 million gain on sale of orquest inc. , an prior to january 1 , 2003 , undeployed instruments were investment previously held by centerpulse . the unaudited carried as a prepaid expense at cost , net of allowances for pro forma results are not necessarily indicative either of the obsolescence ( $ 54.8 million , net , at december 31 , 2002 ) , and results of operations that actually would have resulted had recognized in selling , general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service . respective years or of future results . the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25 , 2003 , the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica , inc . periods benefited , typically five years . for approximately $ 14.8 million cash , which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31 , 2003 was to increase earnings before intangible assets . the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $ 26.8 million ( $ 17.8 million net of tax ) , or $ 0.08 per diluted with immedica . share . the cumulative effect adjustment of $ 55.1 million ( net of income taxes of $ 34.0 million ) to retroactively apply the implex corp . new capitalization method as if applied in years prior to 2003 on march 2 , 2004 , the company entered into an is included in earnings during the year ended december 31 , amended and restated merger agreement relating to the 2003 . the pro forma amounts shown on the consolidated acquisition of implex corp . ( 2018 2018implex 2019 2019 ) , a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey , for cash . each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes . receive cash having an aggregate value of approximately $ 108.0 million at closing and additional cash earn-out 5 . inventories payments that are contingent on the growth of implex inventories at december 31 , 2003 and 2002 , consist of product sales through 2006 . the net value transferred at the following ( in millions ) : closing will be approximately $ 89 million , which includes .
Table
| 2003 | 2002
finished goods | $ 384.3 | $ 206.7
raw materials and work in progress | 90.8 | 50.9
inventory step-up | 52.6 | 2013
inventories net | $ 527.7 | $ 257.6
made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement , escrow and other items . the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting . inventories , net $ 527.7 $ 257.6 reserves for obsolete and slow-moving inventory at4 . change in accounting principle december 31 , 2003 and 2002 were $ 47.4 million and instruments are hand held devices used by orthopaedic $ 45.5 million , respectively . provisions charged to expense surgeons during total joint replacement and other surgical were $ 11.6 million , $ 6.0 million and $ 11.9 million for the procedures . effective january 1 , 2003 , instruments are years ended december 31 , 2003 , 2002 and 2001 , respectively . recognized as long-lived assets and are included in property , amounts written off against the reserve were $ 11.7 million , plant and equipment . undeployed instruments are carried at $ 7.1 million and $ 8.5 million for the years ended cost , net of allowances for obsolescence . instruments in the december 31 , 2003 , 2002 and 2001 , respectively . field are carried at cost less accumulated depreciation . following the acquisition of centerpulse , the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives , determined inventory and instruments . this change in estimate resulted principally in reference to associated product life cycles , in a charge to earnings of $ 3.0 million after tax in the fourth primarily five years . in accordance with sfas no . 144 , the quarter . company reviews instruments for impairment whenever .
Question:
what percent increase did inventories receive between 2002 and 2003?
Important information:
text_0: z i m m e r h o l d i n g s , i n c .
text_12: share .
table_4: the inventories net of 2003 is $ 527.7 ; the inventories net of 2002 is $ 257.6 ;
Reasoning Steps:
Step: divide1-1(527.7, 257.6) = 2.0485
Step: minus1-2(#0, const_1) = 1.0485
Program:
divide(527.7, 257.6), subtract(#0, const_1)
Program (Nested):
subtract(divide(527.7, 257.6), const_1)
| finqa45 |
on february 112011 what was the market capitalization
Important information:
table_4: 2010 the quarter ended december 31 of high is 53.14 ; the quarter ended december 31 of low is 49.61 ;
text_2: on february 11 , 2011 , the closing price of our common stock was $ 56.73 per share as reported on the nyse .
text_3: as of february 11 , 2011 , we had 397612895 outstanding shares of common stock and 463 registered holders .
Reasoning Steps:
Step: multiply2-1(397612895, 56.73) = 22556579533.3
Program:
multiply(397612895, 56.73)
Program (Nested):
multiply(397612895, 56.73)
| 22556579533.35 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2010 and 2009. .
Table
2010 | high | low
quarter ended march 31 | $ 44.61 | $ 40.10
quarter ended june 30 | 45.33 | 38.86
quarter ended september 30 | 52.11 | 43.70
quarter ended december 31 | 53.14 | 49.61
2009 | high | low
quarter ended march 31 | $ 32.53 | $ 25.45
quarter ended june 30 | 34.52 | 27.93
quarter ended september 30 | 37.71 | 29.89
quarter ended december 31 | 43.84 | 35.03
on february 11 , 2011 , the closing price of our common stock was $ 56.73 per share as reported on the nyse . as of february 11 , 2011 , we had 397612895 outstanding shares of common stock and 463 registered holders . dividends we have not historically paid a dividend on our common stock . payment of dividends in the future , when , as and if authorized by our board of directors , would depend upon many factors , including our earnings and financial condition , restrictions under applicable law and our current and future loan agreements , our debt service requirements , our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time , including the potential determination to elect reit status . in addition , the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied . for more information about the restrictions under the loan agreement for the revolving credit facility and term loan , our notes indentures and the loan agreement related to our securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report. .
Question:
on february 112011 what was the market capitalization
Important information:
table_4: 2010 the quarter ended december 31 of high is 53.14 ; the quarter ended december 31 of low is 49.61 ;
text_2: on february 11 , 2011 , the closing price of our common stock was $ 56.73 per share as reported on the nyse .
text_3: as of february 11 , 2011 , we had 397612895 outstanding shares of common stock and 463 registered holders .
Reasoning Steps:
Step: multiply2-1(397612895, 56.73) = 22556579533.3
Program:
multiply(397612895, 56.73)
Program (Nested):
multiply(397612895, 56.73)
| finqa46 |
what was the total of euro notes issued in 2014 , in millions of dollars approximately?
Important information:
table_1: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac750 ( approximately $ 1029 ) ; the euro notes of interest rate is 1.875% ( 1.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2021 ;
table_2: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac1000 ( approximately $ 1372 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2026 ;
table_3: type the euro notes of is ( b ) ; the euro notes of face value ( e ) is 20ac500 ( approximately $ 697 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is may 2014 ; the euro notes of maturity is may 2029 ;
Reasoning Steps:
Step: add2-1(1029, 1372) = 2401
Step: add2-2(#0, 697) = 3098
Program:
add(1029, 1372), add(#0, 697)
Program (Nested):
add(add(1029, 1372), 697)
| 3098.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
our debt issuances in 2014 were as follows : ( in millions ) type face value ( e ) interest rate issuance maturity euro notes ( a ) 20ac750 ( approximately $ 1029 ) 1.875% ( 1.875 % ) march 2014 march 2021 euro notes ( a ) 20ac1000 ( approximately $ 1372 ) 2.875% ( 2.875 % ) march 2014 march 2026 euro notes ( b ) 20ac500 ( approximately $ 697 ) 2.875% ( 2.875 % ) may 2014 may 2029 swiss franc notes ( c ) chf275 ( approximately $ 311 ) 0.750% ( 0.750 % ) may 2014 december 2019 swiss franc notes ( b ) chf250 ( approximately $ 283 ) 1.625% ( 1.625 % ) may 2014 may 2024 u.s . dollar notes ( d ) $ 500 1.250% ( 1.250 % ) november 2014 november 2017 u.s . dollar notes ( d ) $ 750 3.250% ( 3.250 % ) november 2014 november 2024 u.s . dollar notes ( d ) $ 750 4.250% ( 4.250 % ) november 2014 november 2044 ( a ) interest on these notes is payable annually in arrears beginning in march 2015 . ( b ) interest on these notes is payable annually in arrears beginning in may 2015 . ( c ) interest on these notes is payable annually in arrears beginning in december 2014 . ( d ) interest on these notes is payable semiannually in arrears beginning in may 2015 . ( e ) u.s . dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance . 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 2013 and 2014 . 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 . guarantees 2013 at december 31 , 2014 , we were contingently liable for $ 1.0 billion of guarantees of our own performance , which were primarily related to excise taxes on the shipment of our products . there is no liability in the consolidated financial statements associated with these guarantees . at december 31 , 2014 , our third-party guarantees were insignificant. .
Table
type | | face value ( e ) | interest rate | issuance | maturity
euro notes | ( a ) | 20ac750 ( approximately $ 1029 ) | 1.875% ( 1.875 % ) | march 2014 | march 2021
euro notes | ( a ) | 20ac1000 ( approximately $ 1372 ) | 2.875% ( 2.875 % ) | march 2014 | march 2026
euro notes | ( b ) | 20ac500 ( approximately $ 697 ) | 2.875% ( 2.875 % ) | may 2014 | may 2029
swiss franc notes | ( c ) | chf275 ( approximately $ 311 ) | 0.750% ( 0.750 % ) | may 2014 | december 2019
swiss franc notes | ( b ) | chf250 ( approximately $ 283 ) | 1.625% ( 1.625 % ) | may 2014 | may 2024
u.s . dollar notes | ( d ) | $ 500 | 1.250% ( 1.250 % ) | november 2014 | november 2017
u.s . dollar notes | ( d ) | $ 750 | 3.250% ( 3.250 % ) | november 2014 | november 2024
u.s . dollar notes | ( d ) | $ 750 | 4.250% ( 4.250 % ) | november 2014 | november 2044
our debt issuances in 2014 were as follows : ( in millions ) type face value ( e ) interest rate issuance maturity euro notes ( a ) 20ac750 ( approximately $ 1029 ) 1.875% ( 1.875 % ) march 2014 march 2021 euro notes ( a ) 20ac1000 ( approximately $ 1372 ) 2.875% ( 2.875 % ) march 2014 march 2026 euro notes ( b ) 20ac500 ( approximately $ 697 ) 2.875% ( 2.875 % ) may 2014 may 2029 swiss franc notes ( c ) chf275 ( approximately $ 311 ) 0.750% ( 0.750 % ) may 2014 december 2019 swiss franc notes ( b ) chf250 ( approximately $ 283 ) 1.625% ( 1.625 % ) may 2014 may 2024 u.s . dollar notes ( d ) $ 500 1.250% ( 1.250 % ) november 2014 november 2017 u.s . dollar notes ( d ) $ 750 3.250% ( 3.250 % ) november 2014 november 2024 u.s . dollar notes ( d ) $ 750 4.250% ( 4.250 % ) november 2014 november 2044 ( a ) interest on these notes is payable annually in arrears beginning in march 2015 . ( b ) interest on these notes is payable annually in arrears beginning in may 2015 . ( c ) interest on these notes is payable annually in arrears beginning in december 2014 . ( d ) interest on these notes is payable semiannually in arrears beginning in may 2015 . ( e ) u.s . dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance . 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 2013 and 2014 . 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 . guarantees 2013 at december 31 , 2014 , we were contingently liable for $ 1.0 billion of guarantees of our own performance , which were primarily related to excise taxes on the shipment of our products . there is no liability in the consolidated financial statements associated with these guarantees . at december 31 , 2014 , our third-party guarantees were insignificant. .
Question:
what was the total of euro notes issued in 2014 , in millions of dollars approximately?
Important information:
table_1: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac750 ( approximately $ 1029 ) ; the euro notes of interest rate is 1.875% ( 1.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2021 ;
table_2: type the euro notes of is ( a ) ; the euro notes of face value ( e ) is 20ac1000 ( approximately $ 1372 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is march 2014 ; the euro notes of maturity is march 2026 ;
table_3: type the euro notes of is ( b ) ; the euro notes of face value ( e ) is 20ac500 ( approximately $ 697 ) ; the euro notes of interest rate is 2.875% ( 2.875 % ) ; the euro notes of issuance is may 2014 ; the euro notes of maturity is may 2029 ;
Reasoning Steps:
Step: add2-1(1029, 1372) = 2401
Step: add2-2(#0, 697) = 3098
Program:
add(1029, 1372), add(#0, 697)
Program (Nested):
add(add(1029, 1372), 697)
| finqa47 |
what was the percent of the increase in non-utility nuclear earnings in 2002
Important information:
text_5: non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively .
text_6: the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 .
text_8: 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .
Reasoning Steps:
Step: minus1-1(201, 128) = 73
Step: divide1-2(#0, 128) = 57%
Program:
subtract(201, 128), divide(#0, 128)
Program (Nested):
divide(subtract(201, 128), 128)
| 0.57031 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to : fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding ; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates ; and fffd lower interest earned on declining deferred fuel balances . the decrease in interest charges in 2002 is primarily due to : fffd a decrease of $ 31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002 ; and fffd a decrease of $ 76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001 . the refund was made in december 2001 . 2001 compared to 2000 results for the year ended december 31 , 2001 for u.s . utility were also affected by an increase in interest charges of $ 61.5 million primarily due to : fffd the final ferc order addressing the 1995 system energy rate filing ; fffd debt issued at entergy arkansas in july 2001 , at entergy gulf states in june 2000 and august 2001 , at entergy mississippi in january 2001 , and at entergy new orleans in july 2000 and february 2001 ; and fffd borrowings under credit facilities during 2001 , primarily at entergy arkansas . non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively . the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 . following are key performance measures for non-utility nuclear: .
Table
| 2002 | 2001 | 2000
net mw in operation at december 31 | 3955 | 3445 | 2475
generation in gwh for the year | 29953 | 22614 | 7171
capacity factor for the year | 93% ( 93 % ) | 93% ( 93 % ) | 94% ( 94 % )
2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .
Question:
what was the percent of the increase in non-utility nuclear earnings in 2002
Important information:
text_5: non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $ 128 million to $ 201 million was primarily due to the operation of indian point 2 and vermont yankee , which were purchased in september 2001 and july 2002 , respectively .
text_6: the increase in earnings in 2001 for non-utility nuclear from $ 49 million to $ 128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year , as each was purchased in november 2000 , and the operation of indian point 2 , which was purchased in september 2001 .
text_8: 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee ( except as otherwise noted ) : fffd operating revenues increased $ 411.0 million to $ 1.2 billion ; fffd other operation and maintenance expenses increased $ 201.8 million to $ 596.3 million ; fffd depreciation and amortization expenses increased $ 25.1 million to $ 42.8 million ; fffd fuel expenses increased $ 29.4 million to $ 105.2 million ; fffd nuclear refueling outage expenses increased $ 23.9 million to $ 46.8 million , which was due primarily to a .
Reasoning Steps:
Step: minus1-1(201, 128) = 73
Step: divide1-2(#0, 128) = 57%
Program:
subtract(201, 128), divide(#0, 128)
Program (Nested):
divide(subtract(201, 128), 128)
| finqa48 |
what was the average currency translation adjustments from 2013 to 2015 in millions?
Important information:
table_1: ( losses ) earnings ( in millions ) the currency translation adjustments of ( losses ) earnings 2015 is $ -6129 ( 6129 ) ; the currency translation adjustments of ( losses ) earnings 2014 is $ -3929 ( 3929 ) ; the currency translation adjustments of 2013 is $ -2207 ( 2207 ) ;
table_2: ( losses ) earnings ( in millions ) the pension and other benefits of ( losses ) earnings 2015 is -3332 ( 3332 ) ; the pension and other benefits of ( losses ) earnings 2014 is -3020 ( 3020 ) ; the pension and other benefits of 2013 is -2046 ( 2046 ) ;
table_4: ( losses ) earnings ( in millions ) the total accumulated other comprehensive losses of ( losses ) earnings 2015 is $ -9402 ( 9402 ) ; the total accumulated other comprehensive losses of ( losses ) earnings 2014 is $ -6826 ( 6826 ) ; the total accumulated other comprehensive losses of 2013 is $ -4190 ( 4190 ) ;
Reasoning Steps:
Step: average2-1(currency translation adjustments, none) = -6806
Program:
table_average(currency translation adjustments, none)
Program (Nested):
table_average(currency translation adjustments, none)
| -4088.33333 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
note 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: .
Table
( 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 )
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. .
Question:
what was the average currency translation adjustments from 2013 to 2015 in millions?
Important information:
table_1: ( losses ) earnings ( in millions ) the currency translation adjustments of ( losses ) earnings 2015 is $ -6129 ( 6129 ) ; the currency translation adjustments of ( losses ) earnings 2014 is $ -3929 ( 3929 ) ; the currency translation adjustments of 2013 is $ -2207 ( 2207 ) ;
table_2: ( losses ) earnings ( in millions ) the pension and other benefits of ( losses ) earnings 2015 is -3332 ( 3332 ) ; the pension and other benefits of ( losses ) earnings 2014 is -3020 ( 3020 ) ; the pension and other benefits of 2013 is -2046 ( 2046 ) ;
table_4: ( losses ) earnings ( in millions ) the total accumulated other comprehensive losses of ( losses ) earnings 2015 is $ -9402 ( 9402 ) ; the total accumulated other comprehensive losses of ( losses ) earnings 2014 is $ -6826 ( 6826 ) ; the total accumulated other comprehensive losses of 2013 is $ -4190 ( 4190 ) ;
Reasoning Steps:
Step: average2-1(currency translation adjustments, none) = -6806
Program:
table_average(currency translation adjustments, none)
Program (Nested):
table_average(currency translation adjustments, none)
| finqa49 |
what was the ratio of the gallons hedged in 2017 to 2018
Important information:
text_4: the following table summarizes our outstanding fuel hedges as of december 31 , 2016 : year gallons hedged weighted average contract price per gallon .
table_1: year the 2017 of gallons hedged is 12000000 ; the 2017 of weighted average contractprice per gallon is $ 2.92 ;
table_2: year the 2018 of gallons hedged is 3000000 ; the 2018 of weighted average contractprice per gallon is 2.61 ;
Reasoning Steps:
Step: divide1-1(12000000, 3000000) = 4
Program:
divide(12000000, 3000000)
Program (Nested):
divide(12000000, 3000000)
| 4.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
republic services , inc . notes to consolidated financial statements 2014 ( continued ) 16 . financial instruments fuel hedges we have entered into multiple swap agreements designated as cash flow hedges to mitigate some of our exposure related to changes in diesel fuel prices . these swaps qualified for , and were designated as , effective hedges of changes in the prices of forecasted diesel fuel purchases ( fuel hedges ) . the following table summarizes our outstanding fuel hedges as of december 31 , 2016 : year gallons hedged weighted average contract price per gallon .
Table
year | gallons hedged | weighted average contractprice per gallon
2017 | 12000000 | $ 2.92
2018 | 3000000 | 2.61
if the national u.s . on-highway average price for a gallon of diesel fuel as published by the department of energy exceeds the contract price per gallon , we receive the difference between the average price and the contract price ( multiplied by the notional gallons ) from the counterparty . if the average price is less than the contract price per gallon , we pay the difference to the counterparty . the fair values of our fuel hedges are determined using standard option valuation models with assumptions about commodity prices based on those observed in underlying markets ( level 2 in the fair value hierarchy ) . the aggregate fair values of our outstanding fuel hedges as of december 31 , 2016 and 2015 were current liabilities of $ 2.7 million and $ 37.8 million , respectively , and have been recorded in other accrued liabilities in our consolidated balance sheets . the ineffective portions of the changes in fair values resulted in a gain of $ 0.8 million for the year ended december 31 , 2016 , and a loss of $ 0.4 million and $ 0.5 million for the years ended december 31 , 2015 and 2014 , respectively , and have been recorded in other income , net in our consolidated statements of income . total gain ( loss ) recognized in other comprehensive income ( loss ) for fuel hedges ( the effective portion ) was $ 20.7 million , $ ( 2.0 ) million and $ ( 24.2 ) million , for the years ended december 31 , 2016 , 2015 and 2014 , respectively . we classify cash inflows and outflows from our fuel hedges within operating activities in the unaudited consolidated statements of cash flows . recycling commodity hedges revenue from the sale of recycled commodities is primarily from sales of old corrugated containers and old newsprint . from time to time we use derivative instruments such as swaps and costless collars designated as cash flow hedges to manage our exposure to changes in prices of these commodities . during 2016 , we entered into multiple agreements related to the forecasted occ sales . the agreements qualified for , and were designated as , effective hedges of changes in the prices of certain forecasted recycling commodity sales ( commodity hedges ) . we entered into costless collar agreements on forecasted sales of occ . the agreements involve combining a purchased put option giving us the right to sell occ at an established floor strike price with a written call option obligating us to deliver occ at an established cap strike price . the puts and calls have the same settlement dates , are net settled in cash on such dates and have the same terms to expiration . the contemporaneous combination of options resulted in no net premium for us and represents costless collars . under these agreements , we will make or receive no payments as long as the settlement price is between the floor price and cap price ; however , if the settlement price is above the cap , we will pay the counterparty an amount equal to the excess of the settlement price over the cap times the monthly volumes hedged . if the settlement price is below the floor , the counterparty will pay us the deficit of the settlement price below the floor times the monthly volumes hedged . the objective of these agreements is to reduce variability of cash flows for forecasted sales of occ between two designated strike prices. .
Question:
what was the ratio of the gallons hedged in 2017 to 2018
Important information:
text_4: the following table summarizes our outstanding fuel hedges as of december 31 , 2016 : year gallons hedged weighted average contract price per gallon .
table_1: year the 2017 of gallons hedged is 12000000 ; the 2017 of weighted average contractprice per gallon is $ 2.92 ;
table_2: year the 2018 of gallons hedged is 3000000 ; the 2018 of weighted average contractprice per gallon is 2.61 ;
Reasoning Steps:
Step: divide1-1(12000000, 3000000) = 4
Program:
divide(12000000, 3000000)
Program (Nested):
divide(12000000, 3000000)
| finqa50 |
what percentage of the total purchase price is represented by goodwill?
Important information:
table_1: the cash paid of ( in thousands ) is $ 11001 ;
table_4: the total purchase price of ( in thousands ) is $ 15704 ;
text_14: goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $ 3.4 million .
Reasoning Steps:
Step: multiply2-1(3.4, const_1000) = 3400
Step: divide2-2(#0, 15704) = 22%
Program:
multiply(3.4, const_1000), divide(#0, 15704)
Program (Nested):
divide(multiply(3.4, const_1000), 15704)
| 0.21651 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
software and will give the company a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process . integrating hpl 2019s yield management and test chip technologies into the company 2019s industry-leading dfm portfolio is also expected to enable customers to increase their productivity and improve profitability in the design and manufacture of advanced semiconductor devices . purchase price . the company paid $ 11.0 million in cash for all outstanding shares of hpl . in addition , the company had a prior investment in hpl of approximately $ 1.9 million . the total purchase consideration consisted of: .
Table
| ( in thousands )
cash paid | $ 11001
prior investment in hpl | 1872
acquisition-related costs | 2831
total purchase price | $ 15704
acquisition-related costs of $ 2.8 million consist primarily of legal , tax and accounting fees of $ 1.6 million , $ 0.3 million of estimated facilities closure costs and other directly related charges , and $ 0.9 million in employee termination costs . as of october 31 , 2006 , the company had paid $ 2.2 million of the acquisition related costs , of which $ 1.1 million were for professional services costs , $ 0.2 million were for facilities closure costs and $ 0.9 million were for employee termination costs . the $ 0.6 million balance remaining at october 31 , 2006 consists of professional and tax-related service fees and facilities closure costs . assets acquired . the company acquired $ 8.5 million of intangible assets consisting of $ 5.1 million in core developed technology , $ 3.2 million in customer relationships and $ 0.2 million in backlog to be amortized over two to four years . approximately $ 0.8 million of the purchase price represents the fair value of acquired in-process research and development projects that have not yet reached technological feasibility and have no alternative future use . accordingly , the amount was immediately expensed and included in the company 2019s condensed consolidated statement of operations for the first quarter of fiscal year 2006 . additionally , the company acquired tangible assets of $ 14.0 million and assumed liabilities of $ 10.9 million . goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $ 3.4 million . goodwill resulted primarily from the company 2019s expectation of synergies from the integration of hpl 2019s technology with the company 2019s technology and operations . other . during the fiscal year 2006 , the company completed an asset acquisition for cash consideration of $ 1.5 million . this acquisition is not considered material to the company 2019s consolidated balance sheet and results of operations . fiscal 2005 acquisitions nassda corporation ( nassda ) the company acquired nassda on may 11 , 2005 . reasons for the acquisition . the company believes nassda 2019s full-chip circuit simulation and analysis software will broaden its offerings of transistor-level circuit simulation tools , particularly in the area of mixed-signal and memory design . purchase price . the company acquired all the outstanding shares of nassda for total cash consideration of $ 200.2 million , or $ 7.00 per share . in addition , as required by the merger agreement , certain nassda officers , directors and employees who were defendants in certain preexisting litigation .
Question:
what percentage of the total purchase price is represented by goodwill?
Important information:
table_1: the cash paid of ( in thousands ) is $ 11001 ;
table_4: the total purchase price of ( in thousands ) is $ 15704 ;
text_14: goodwill , representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $ 3.4 million .
Reasoning Steps:
Step: multiply2-1(3.4, const_1000) = 3400
Step: divide2-2(#0, 15704) = 22%
Program:
multiply(3.4, const_1000), divide(#0, 15704)
Program (Nested):
divide(multiply(3.4, const_1000), 15704)
| finqa51 |
what was the percentage change of our accrued trade liabilities in 2019 compared to 2018
Important information:
text_0: the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
table_2: in millions the accrued interest of payments due by fiscal year total is 92.6 ; the accrued interest of payments due by fiscal year 2020 is 92.6 ; the accrued interest of payments due by fiscal year 2021 -22 is - ; the accrued interest of payments due by fiscal year 2023 -24 is - ; the accrued interest of payments due by fiscal year 2025 and thereafter is - ;
text_19: our accrued trade liabilities were $ 484 million as of may 26 , 2019 , and $ 500 million as of may 27 , 2018 .
Reasoning Steps:
Step: minus1-1(484, 500) = -16
Program:
subtract(484, 500)
Program (Nested):
subtract(484, 500)
| -16.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
Table
in millions | payments due by fiscal year total | payments due by fiscal year 2020 | payments due by fiscal year 2021 -22 | payments due by fiscal year 2023 -24 | payments due by fiscal year 2025 and thereafter
long-term debt ( a ) | $ 13093.0 | $ 1396.3 | $ 3338.4 | $ 2810.2 | $ 5548.1
accrued interest | 92.6 | 92.6 | - | - | -
operating leases ( b ) | 482.6 | 120.0 | 186.7 | 112.9 | 63.0
capital leases | 0.3 | 0.2 | 0.1 | - | -
purchase obligations ( c ) | 2961.8 | 2605.1 | 321.9 | 27.6 | 7.2
total contractual obligations | 16630.3 | 4214.2 | 3847.1 | 2950.7 | 5618.3
other long-term obligations ( d ) | 1302.4 | - | - | - | -
total long-term obligations | $ 17932.7 | $ 4214.2 | $ 3847.1 | $ 2950.7 | $ 5618.3
( a ) amounts represent the expected cash payments of our long-term debt and do not include $ 0.3 million for capital leases or $ 72.0 million for net unamortized debt issuance costs , premiums and discounts , and fair value adjustments . ( b ) operating leases represents the minimum rental commitments under non-cancelable operating leases . ( c ) the majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands . for purposes of this table , arrangements are considered purchase obligations if a contract specifies all significant terms , including fixed or minimum quantities to be purchased , a pricing structure , and approximate timing of the transaction . most arrangements are cancelable without a significant penalty and with short notice ( usually 30 days ) . any amounts reflected on the consolidated balance sheets as accounts payable and accrued liabilities are excluded from the table above . ( d ) the fair value of our foreign exchange , equity , commodity , and grain derivative contracts with a payable position to the counterparty was $ 17.3 million as of may 26 , 2019 , based on fair market values as of that date . future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future . other long-term obligations mainly consist of liabilities for accrued compensation and benefits , including the underfunded status of certain of our defined benefit pension , other postretirement benefit , and postemployment benefit plans , and miscellaneous liabilities . we expect to pay approximately $ 20 million of benefits from our unfunded postemployment benefit plans and approximately $ 18 million of deferred compensation in fiscal 2020 . we are unable to reliably estimate the amount of these payments beyond fiscal 2020 . as of may 26 , 2019 , our total liability for uncertain tax positions and accrued interest and penalties was $ 165.1 million . significant accounting estimates for a complete description of our significant accounting policies , please see note 2 to the consolidated financial statements in item 8 of this report . our significant accounting estimates are those that have a meaningful impact on the reporting of our financial condition and results of operations . these estimates include our accounting for promotional expenditures , valuation of long-lived assets , intangible assets , redeemable interest , stock-based compensation , income taxes , and defined benefit pension , other postretirement benefit , and postemployment benefit plans . revenue recognition our revenues are reported net of variable consideration and consideration payable to our customers , including trade promotion , consumer coupon redemption and other costs , including estimated allowances for returns , unsalable product , and prompt pay discounts . trade promotions are recorded using significant judgment of estimated participation and performance levels for offered programs at the time of sale . differences between estimated expenses and actual costs are recognized as a change in management estimate in a subsequent period . our accrued trade liabilities were $ 484 million as of may 26 , 2019 , and $ 500 million as of may 27 , 2018 . because these amounts are significant , if our estimates are inaccurate we would have to make adjustments in subsequent periods that could have a significant effect on our results of operations. .
Question:
what was the percentage change of our accrued trade liabilities in 2019 compared to 2018
Important information:
text_0: the following table summarizes our future estimated cash payments under existing contractual obligations , including payments due by period: .
table_2: in millions the accrued interest of payments due by fiscal year total is 92.6 ; the accrued interest of payments due by fiscal year 2020 is 92.6 ; the accrued interest of payments due by fiscal year 2021 -22 is - ; the accrued interest of payments due by fiscal year 2023 -24 is - ; the accrued interest of payments due by fiscal year 2025 and thereafter is - ;
text_19: our accrued trade liabilities were $ 484 million as of may 26 , 2019 , and $ 500 million as of may 27 , 2018 .
Reasoning Steps:
Step: minus1-1(484, 500) = -16
Program:
subtract(484, 500)
Program (Nested):
subtract(484, 500)
| finqa52 |
what was the net change in ending available for sale investment securities from 2017 to 2018?
Important information:
table_2: as of or for the year ended december 31 ( in millions ) the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2018 is 203449 ; the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2017 is 219345 ; the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2016 is 226892 ;
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: minus1-1(228681, 200247) = 28434
Program:
subtract(228681, 200247)
Program (Nested):
subtract(228681, 200247)
| 28434.0 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Table
as of or for the year ended december 31 ( in millions ) | 2018 | 2017 | 2016
investment securities gains/ ( losses ) | $ -395 ( 395 ) | $ -78 ( 78 ) | $ 132
available-for-sale ( 201cafs 201d ) investment securities ( average ) | 203449 | 219345 | 226892
held-to-maturity ( 201chtm 201d ) investment securities ( average ) | 31747 | 47927 | 51358
investment securities portfolio ( average ) | 235197 | 267272 | 278250
afs investment securities ( period-end ) | 228681 | 200247 | 236670
htm investment securities ( period-end ) | 31434 | 47733 | 50168
investment securities portfolio ( period 2013end ) | 260115 | 247980 | 286838
management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring , monitoring , reporting and managing the firm 2019s liquidity , funding , capital , structural interest rate and foreign exchange risks . the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases , which generate both on- and off- balance sheet assets and liabilities . treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio . treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives . for further information on derivatives , refer to note 5 . in addition , treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments . for further information on liquidity and funding risk , refer to liquidity risk management on pages 95 2013100 . for information on interest rate , foreign exchange and other risks , refer to market risk management on pages 124 2013131 . the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities , u.s . and non-u.s . government securities , obligations of u.s . states and municipalities , other abs and corporate debt securities . at december 31 , 2018 , the investment securities portfolio was $ 260.1 billion , and the average credit rating of the securities comprising the portfolio was aa+ ( based upon external ratings where available and , where not available , based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s ) . refer to note 10 for further information on the firm 2019s investment securities portfolio . selected income statement and balance sheet data as of or for the year ended december 31 , ( in millions ) 2018 2017 2016 investment securities gains/ ( losses ) $ ( 395 ) $ ( 78 ) $ 132 available-for-sale ( 201cafs 201d ) investment securities ( average ) 203449 219345 226892 held-to-maturity ( 201chtm 201d ) investment securities ( average ) 31747 47927 51358 investment securities portfolio ( average ) 235197 267272 278250 afs investment securities ( period-end ) 228681 200247 236670 htm investment securities ( period-end ) 31434 47733 50168 investment securities portfolio ( period 2013end ) 260115 247980 286838 as permitted by the new hedge accounting guidance , the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018 . for additional information , refer to notes 1 and 10. .
Question:
what was the net change in ending available for sale investment securities from 2017 to 2018?
Important information:
table_2: as of or for the year ended december 31 ( in millions ) the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2018 is 203449 ; the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2017 is 219345 ; the available-for-sale ( 201cafs 201d ) investment securities ( average ) of 2016 is 226892 ;
table_5: as of or for the year ended december 31 ( in millions ) the afs investment securities ( period-end ) of 2018 is 228681 ; the afs investment securities ( period-end ) of 2017 is 200247 ; the afs investment securities ( period-end ) of 2016 is 236670 ;
table_6: as of or for the year ended december 31 ( in millions ) the htm investment securities ( period-end ) of 2018 is 31434 ; the htm investment securities ( period-end ) of 2017 is 47733 ; the htm investment securities ( period-end ) of 2016 is 50168 ;
Reasoning Steps:
Step: minus1-1(228681, 200247) = 28434
Program:
subtract(228681, 200247)
Program (Nested):
subtract(228681, 200247)
| finqa53 |
what percent higher is the average var for foreign exchange products than that of interest rate products?
Important information:
table_1: years ended december 31 ( inmillions ) the foreign exchange products of 2008 annual average is $ 1.8 ; the foreign exchange products of 2008 maximum is $ 4.7 ; the foreign exchange products of 2008 minimum is $ .3 ; the foreign exchange products of 2008 annual average is $ 1.8 ; the foreign exchange products of 2008 maximum is $ 4.0 ; the foreign exchange products of minimum is $ .7 ;
table_2: years ended december 31 ( inmillions ) the interest-rate products of 2008 annual average is 1.1 ; the interest-rate products of 2008 maximum is 2.4 ; the interest-rate products of 2008 minimum is .6 ; the interest-rate products of 2008 annual average is 1.4 ; the interest-rate products of 2008 maximum is 3.7 ; the interest-rate products of minimum is .1 ;
text_24: finally , gap analysis 2014the difference between the amount of balance sheet assets and liabilities re-pricing within a specified time period 2014is used as a measurement of our interest-rate risk position. .
Reasoning Steps:
Step: add2-1(1.1, 1.4) = 2.5
Step: divide2-2(#0, const_2) = 1.25
Program:
add(1.1, 1.4), divide(#0, const_2)
Program (Nested):
divide(add(1.1, 1.4), const_2)
| 1.25 | Please answer the following financial question based on the context provided. Make sure to give the answer in raw number, not in percentage and without any units. If the question asks for percentage the value should be less than 1
Context:
the following table presents var with respect to our trading activities , as measured by our var methodology for the periods indicated : value-at-risk .
Table
years ended december 31 ( inmillions ) | 2008 annual average | 2008 maximum | 2008 minimum | 2008 annual average | 2008 maximum | minimum
foreign exchange products | $ 1.8 | $ 4.7 | $ .3 | $ 1.8 | $ 4.0 | $ .7
interest-rate products | 1.1 | 2.4 | .6 | 1.4 | 3.7 | .1
we back-test the estimated one-day var on a daily basis . this information is reviewed and used to confirm that all relevant trading positions are properly modeled . for the years ended december 31 , 2008 and 2007 , we did not experience any actual trading losses in excess of our end-of-day var estimate . asset and liability management activities the primary objective of asset and liability management is to provide sustainable and growing net interest revenue , or nir , under varying economic environments , while protecting the economic values of our balance sheet assets and liabilities from the adverse effects of changes in interest rates . most of our nir is earned from the investment of deposits generated by our core investment servicing and investment management businesses . we structure our balance sheet assets to generally conform to the characteristics of our balance sheet liabilities , but we manage our overall interest-rate risk position in the context of current and anticipated market conditions and within internally-approved risk guidelines . our overall interest-rate risk position is maintained within a series of policies approved by the board and guidelines established and monitored by alco . our global treasury group has responsibility for managing state street 2019s day-to-day interest-rate risk . to effectively manage the consolidated balance sheet and related nir , global treasury has the authority to take a limited amount of interest-rate risk based on market conditions and its views about the direction of global interest rates over both short-term and long-term time horizons . global treasury manages our exposure to changes in interest rates on a consolidated basis organized into three regional treasury units , north america , europe and asia/pacific , to reflect the growing , global nature of our exposures and to capture the impact of change in regional market environments on our total risk position . our investment activities and our use of derivative financial instruments are the primary tools used in managing interest-rate risk . we invest in financial instruments with currency , repricing , and maturity characteristics we consider appropriate to manage our overall interest-rate risk position . in addition to on-balance sheet assets , we use certain derivatives , primarily interest-rate swaps , to alter the interest-rate characteristics of specific balance sheet assets or liabilities . the use of derivatives is subject to alco-approved guidelines . additional information about our use of derivatives is in note 17 of the notes to consolidated financial statements included in this form 10-k under item 8 . as a result of growth in our non-u.s . operations , non-u.s . dollar denominated customer liabilities are a significant portion of our consolidated balance sheet . this growth results in exposure to changes in the shape and level of non-u.s . dollar yield curves , which we include in our consolidated interest-rate risk management process . because no one individual measure can accurately assess all of our exposures to changes in interest rates , we use several quantitative measures in our assessment of current and potential future exposures to changes in interest rates and their impact on net interest revenue and balance sheet values . net interest revenue simulation is the primary tool used in our evaluation of the potential range of possible net interest revenue results that could occur under a variety of interest-rate environments . we also use market valuation and duration analysis to assess changes in the economic value of balance sheet assets and liabilities caused by assumed changes in interest rates . finally , gap analysis 2014the difference between the amount of balance sheet assets and liabilities re-pricing within a specified time period 2014is used as a measurement of our interest-rate risk position. .
Question:
what percent higher is the average var for foreign exchange products than that of interest rate products?
Important information:
table_1: years ended december 31 ( inmillions ) the foreign exchange products of 2008 annual average is $ 1.8 ; the foreign exchange products of 2008 maximum is $ 4.7 ; the foreign exchange products of 2008 minimum is $ .3 ; the foreign exchange products of 2008 annual average is $ 1.8 ; the foreign exchange products of 2008 maximum is $ 4.0 ; the foreign exchange products of minimum is $ .7 ;
table_2: years ended december 31 ( inmillions ) the interest-rate products of 2008 annual average is 1.1 ; the interest-rate products of 2008 maximum is 2.4 ; the interest-rate products of 2008 minimum is .6 ; the interest-rate products of 2008 annual average is 1.4 ; the interest-rate products of 2008 maximum is 3.7 ; the interest-rate products of minimum is .1 ;
text_24: finally , gap analysis 2014the difference between the amount of balance sheet assets and liabilities re-pricing within a specified time period 2014is used as a measurement of our interest-rate risk position. .
Reasoning Steps:
Step: add2-1(1.1, 1.4) = 2.5
Step: divide2-2(#0, const_2) = 1.25
Program:
add(1.1, 1.4), divide(#0, const_2)
Program (Nested):
divide(add(1.1, 1.4), const_2)
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